SMARDD Consulting: what changed
SMARDD Consulting
Largest movements
- Cash +€72,358
up €72,358 (+236%), from €30,647 to €103,004
mainly Net result for the year (+€64,845) and Tax, wage and social debts (+€19,034)
- Receivables within one year +€10,369
up €10,369 (+187%), from €5,540 to €15,909
- Deferred charges and accrued income +€2,147
up €2,147 (+87.8%), from €2,445 to €4,592
- Reserves +€42,585
new in 2025: €42,585
- Profit (loss) carried forward +€22,260
no longer reported in 2025 (was -€22,260)
- Tax, wage and social debts +€19,034
up €19,034 (+2,045%), from €931 to €19,965
- Gross operating margin +€62,738
up €62,738 (+352%), from €17,817 to €80,554
- Taxes +€11,069
up €11,069 (+2,371%), from €467 to €11,536
- Financial charges -€1,007
down €1,007 (-22.3%), from €4,517 to €3,510
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,769 | €124,149 | +€84,380 | +212% |
| Fixed assets | 21/28 | €1,137 | €643 | -€493 | -43.4% |
| Tangible fixed assets | 22/27 | €1,137 | €643 | -€493 | -43.4% |
| Furniture and vehicles | 24 | €1,137 | €643 | -€493 | -43.4% |
| Current assets | 29/58 | €38,632 | €123,506 | +€84,874 | +220% |
| Amounts receivable within one year | 40/41 | €5,540 | €15,909 | +€10,369 | +187% |
| Trade receivables | 40 | €5,540 | €15,909 | +€10,369 | +187% |
| Cash at bank and in hand | 54/58 | €30,647 | €103,004 | +€72,358 | +236% |
| Deferred charges and accrued income | 490/1 | €2,445 | €4,592 | +€2,147 | +87.8% |
| Total equity and liabilities | 10/49 | €39,769 | €124,149 | +€84,380 | +212% |
| Equity | 10/15 | -€19,760 | €45,085 | +€64,845 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €42,585 | +€42,585 | |
| Distributable reserves | 133 | - | €42,585 | +€42,585 | |
| Profit (loss) carried forward | 14 | -€22,260 | - | +€22,260 | |
| Amounts payable | 17/49 | €59,529 | €79,064 | +€19,535 | +32.8% |
| Amounts payable within one year | 42/48 | €59,529 | €79,064 | +€19,535 | +32.8% |
| Trade debts | 44 | €245 | €596 | +€351 | +143% |
| Suppliers | 440/4 | €245 | €596 | +€351 | +143% |
| Taxes, remuneration and social security | 45 | €931 | €19,965 | +€19,034 | +2,045% |
| Taxes | 450/3 | €931 | €19,965 | +€19,034 | +2,045% |
| Other amounts payable | 47/48 | €58,352 | €58,503 | +€151 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €493 | €493 | = | 0.0% |
| Other operating charges | 640/8 | €168 | €170 | +€2 | +1.2% |
| Gross operating margin | 9900 | €17,817 | €80,554 | +€62,738 | +352% |
| Operating profit (loss) | 9901 | €17,155 | €79,891 | +€62,736 | +366% |
| Financial charges | 65/66B | €4,517 | €3,510 | -€1,007 | -22.3% |
| Recurring financial charges | 65 | €4,517 | €3,510 | -€1,007 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €12,638 | €76,381 | +€63,743 | +504% |
| Income taxes | 67/77 | €467 | €11,536 | +€11,069 | +2,371% |
| Profit (loss) for the period | 9904 | €12,172 | €64,845 | +€52,673 | +433% |
| Profit (loss) for the period to be appropriated | 9905 | €12,172 | €64,845 | +€52,673 | +433% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.