SMARCONSULT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SMARCONSULT
Largest movements
- Cash +€106,515
up €106,515 (+169%), from €62,982 to €169,497
mainly Net result for the year (+€92,855) and Other debts (+€17,830)
- Tangible fixed assets -€11,334
down €11,334 (-16.3%), from €69,457 to €58,123
of which Furniture and vehicles: -€10,278
- Receivables within one year -€9,775
down €9,775 (-16.2%), from €60,499 to €50,724
of which Trade receivables: -€19,821
- Profit (loss) carried forward +€71,855
up €71,855 (+53.4%), from €134,524 to €206,379
- Other debts +€17,830
up €17,830 (+562%), from €3,170 to €21,000
- Trade debts -€3,045
down €3,045 (-44.2%), from €6,882 to €3,837
- Depreciation -€37,361
down €37,361 (-72.3%), from €51,646 to €14,284
- Gross operating margin -€22,502
down €22,502 (-13.6%), from €165,234 to €142,731
- Taxes +€6,616
up €6,616 (+22.4%), from €29,566 to €36,182
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €194,928 | €280,374 | +€85,445 | +43.8% |
| Fixed assets | 21/28 | €69,457 | €58,123 | -€11,334 | -16.3% |
| Tangible fixed assets | 22/27 | €69,457 | €58,123 | -€11,334 | -16.3% |
| Furniture and vehicles | 24 | €68,262 | €57,984 | -€10,278 | -15.1% |
| Other tangible fixed assets | 26 | €1,195 | €139 | -€1,056 | -88.3% |
| Current assets | 29/58 | €125,471 | €222,250 | +€96,779 | +77.1% |
| Amounts receivable within one year | 40/41 | €60,499 | €50,724 | -€9,775 | -16.2% |
| Trade receivables | 40 | €52,716 | €32,895 | -€19,821 | -37.6% |
| Other amounts receivable | 41 | €7,783 | €17,829 | +€10,047 | +129% |
| Cash at bank and in hand | 54/58 | €62,982 | €169,497 | +€106,515 | +169% |
| Deferred charges and accrued income | 490/1 | €1,990 | €2,029 | +€39 | +1.9% |
| Total equity and liabilities | 10/49 | €194,928 | €280,374 | +€85,445 | +43.8% |
| Equity | 10/15 | €154,984 | €226,839 | +€71,855 | +46.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,524 | €206,379 | +€71,855 | +53.4% |
| Amounts payable | 17/49 | €39,945 | €53,535 | +€13,590 | +34.0% |
| Amounts payable within one year | 42/48 | €39,945 | €53,535 | +€13,590 | +34.0% |
| Trade debts | 44 | €6,882 | €3,837 | -€3,045 | -44.2% |
| Suppliers | 440/4 | €6,882 | €3,837 | -€3,045 | -44.2% |
| Taxes, remuneration and social security | 45 | €29,893 | €28,698 | -€1,195 | -4.0% |
| Taxes | 450/3 | €29,893 | €28,698 | -€1,195 | -4.0% |
| Other amounts payable | 47/48 | €3,170 | €21,000 | +€17,830 | +562% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,646 | €14,284 | -€37,361 | -72.3% |
| Other operating charges | 640/8 | €1,271 | €610 | -€661 | -52.0% |
| Gross operating margin | 9900 | €165,234 | €142,731 | -€22,502 | -13.6% |
| Operating profit (loss) | 9901 | €112,318 | €127,838 | +€15,520 | +13.8% |
| Financial income | 75/76B | €113 | €1,461 | +€1,348 | +1,192% |
| Recurring financial income | 75 | €113 | €1,461 | +€1,348 | +1,192% |
| Financial charges | 65/66B | €428 | €262 | -€166 | -38.8% |
| Recurring financial charges | 65 | €428 | €262 | -€166 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €112,003 | €129,036 | +€17,034 | +15.2% |
| Income taxes | 67/77 | €29,566 | €36,182 | +€6,616 | +22.4% |
| Profit (loss) for the period | 9904 | €82,437 | €92,855 | +€10,418 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €82,437 | €92,855 | +€10,418 | +12.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.