Smart Alternative: what changed
Two fiscal 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.
Smart Alternative
Largest movements
- Tangible fixed assets +€3,268
up €3,268 (+66.1%), from €4,946 to €8,214
of which Plant, machinery and equipment: +€6,004
- Cash +€2,396
up €2,396 (+70.0%), from €3,422 to €5,818
mainly Net result for the year (+€12,228) and Trade debts (+€6,590)
- Receivables within one year +€2,285
up €2,285 (+7.1%), from €32,236 to €34,521
of which Other amounts receivable: +€2,279
- Profit (loss) carried forward +€12,227
up €12,227, from -€995 to €11,232
- Tax, wage and social debts -€9,151
down €9,151 (-26.6%), from €34,440 to €25,289
- Trade debts +€6,590
up €6,590 (+190.8%), from €3,454 to €10,044
- Current portion of long-term debt -€1,717
no longer reported in 2024 (was €1,717)
- Gross operating margin +€17,033
up €17,033 (+675.5%), from €2,521 to €19,554
- Taxes +€3,046
up €3,046 (+164.9%), from €1,848 to €4,894
- Financial income +€969
new in 2024: €969
- Other operating charges +€643
up €643 (+198.5%), from €324 to €967
- Depreciation -€262
down €262 (-10.2%), from €2,577 to €2,314
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,603 | €48,552 | +€7,949 | +19.6% |
| Fixed assets | 21/28 | €4,946 | €8,214 | +€3,268 | +66.1% |
| Tangible fixed assets | 22/27 | €4,946 | €8,214 | +€3,268 | +66.1% |
| Plant, machinery and equipment | 23 | €495 | €6,499 | +€6,004 | +1213.5% |
| Furniture and vehicles | 24 | €4,451 | €1,715 | -€2,736 | -61.5% |
| Current assets | 29/58 | €35,657 | €40,338 | +€4,681 | +13.1% |
| Amounts receivable within one year | 40/41 | €32,236 | €34,521 | +€2,285 | +7.1% |
| Trade receivables | 40 | €226 | €231 | +€6 | +2.6% |
| Other amounts receivable | 41 | €32,010 | €34,289 | +€2,279 | +7.1% |
| Cash at bank and in hand | 54/58 | €3,422 | €5,818 | +€2,396 | +70.0% |
| Total equity and liabilities | 10/49 | €40,603 | €48,552 | +€7,949 | +19.6% |
| Equity | 10/15 | €993 | €13,219 | +€12,227 | +1231.9% |
| Contributions | 10/11 | €1,988 | €1,988 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€995 | €11,232 | +€12,227 | |
| Amounts payable | 17/49 | €39,611 | €35,333 | -€4,278 | -10.8% |
| Amounts payable within one year | 42/48 | €39,611 | €35,333 | -€4,278 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €1,717 | - | -€1,717 | |
| Trade debts | 44 | €3,454 | €10,044 | +€6,590 | +190.8% |
| Suppliers | 440/4 | €3,454 | €10,044 | +€6,590 | +190.8% |
| Taxes, remuneration and social security | 45 | €34,440 | €25,289 | -€9,151 | -26.6% |
| Taxes | 450/3 | €34,440 | €25,289 | -€9,151 | -26.6% |
| Non-recurring operating income | 76A | - | €100 | +€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,577 | €2,314 | -€262 | -10.2% |
| Other operating charges | 640/8 | €324 | €967 | +€643 | +198.5% |
| Gross operating margin | 9900 | €2,521 | €19,554 | +€17,033 | +675.5% |
| Operating profit (loss) | 9901 | -€379 | €16,273 | +€16,652 | |
| Financial income | 75/76B | - | €969 | +€969 | |
| Recurring financial income | 75 | - | €969 | +€969 | |
| Financial charges | 65/66B | €277 | €120 | -€157 | -56.6% |
| Recurring financial charges | 65 | €277 | €120 | -€157 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | -€657 | €17,122 | +€17,778 | |
| Income taxes | 67/77 | €1,848 | €4,894 | +€3,046 | +164.9% |
| Profit (loss) for the period | 9904 | -€2,504 | €12,228 | +€14,732 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,504 | €12,228 | +€14,732 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.