Smart Athlete: 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.
Smart Athlete
Largest movements
- Cash -€28,108
down €28,108 (-97.8%), from €28,732 to €624
mainly Investment in fixed assets (net) (-€26,620) and Other debts (-€17,978)
- Receivables within one year +€15,139
up €15,139 (+141.2%), from €10,721 to €25,860
- Tangible fixed assets +€14,767
up €14,767 (+37.6%), from €39,262 to €54,029
of which Plant, machinery and equipment: +€20,523
- Deferred charges and accrued income -€14,145
down €14,145 (-76.4%), from €18,508 to €4,363
- Other debts -€17,978
down €17,978 (-10.6%), from €170,132 to €152,153
- Profit (loss) carried forward -€9,122
down €9,122 (-4.3%), from -€210,386 to -€219,508
- Trade debts +€8,524
up €8,524 (+413.8%), from €2,060 to €10,584
- Provisions +€6,395
up €6,395 (+4.9%), from €129,586 to €135,981
- Gross operating margin -€26,815
down €26,815 (-73.4%), from €36,545 to €9,730
- Staff costs -€3,386
down €3,386 (-100.0%), from €3,386 to €0
- Financial charges -€648
down €648 (-8.2%), from €7,921 to €7,272
- Write-downs +€571
up €571 (+68.1%), from -€838 to -€267
- Depreciation +€442
up €442 (+3.9%), from €11,410 to €11,853
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.
Cash bridge derived
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 | €119,242 | €106,717 | -€12,525 | -10.5% |
| Fixed assets | 21/28 | €39,262 | €54,029 | +€14,767 | +37.6% |
| Tangible fixed assets | 22/27 | €39,262 | €54,029 | +€14,767 | +37.6% |
| Plant, machinery and equipment | 23 | €16,239 | €36,762 | +€20,523 | +126.4% |
| Furniture and vehicles | 24 | €23,023 | €17,267 | -€5,756 | -25.0% |
| Current assets | 29/58 | €79,980 | €52,688 | -€27,292 | -34.1% |
| Stocks and contracts in progress | 3 | €22,019 | €21,841 | -€178 | -0.8% |
| Stocks | 30/36 | €22,019 | €21,841 | -€178 | -0.8% |
| Amounts receivable within one year | 40/41 | €10,721 | €25,860 | +€15,139 | +141.2% |
| Trade receivables | 40 | €10,721 | €25,860 | +€15,139 | +141.2% |
| Cash at bank and in hand | 54/58 | €28,732 | €624 | -€28,108 | -97.8% |
| Deferred charges and accrued income | 490/1 | €18,508 | €4,363 | -€14,145 | -76.4% |
| Total equity and liabilities | 10/49 | €119,242 | €106,717 | -€12,525 | -10.5% |
| Equity | 10/15 | -€189,155 | -€198,277 | -€9,122 | -4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,631 | €2,631 | = | 0.0% |
| Distributable reserves | 133 | €2,631 | €2,631 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€210,386 | -€219,508 | -€9,122 | -4.3% |
| Provisions and deferred taxes | 16 | €129,586 | €135,981 | +€6,395 | +4.9% |
| Provisions for liabilities and charges | 160/5 | €129,586 | €135,981 | +€6,395 | +4.9% |
| Environmental obligations | 163 | €129,586 | €135,981 | +€6,395 | +4.9% |
| Amounts payable | 17/49 | €178,810 | €169,012 | -€9,798 | -5.5% |
| Amounts payable within one year | 42/48 | €178,810 | €169,012 | -€9,798 | -5.5% |
| Trade debts | 44 | €2,060 | €10,584 | +€8,524 | +413.8% |
| Suppliers | 440/4 | €2,060 | €10,584 | +€8,524 | +413.8% |
| Taxes, remuneration and social security | 45 | €6,619 | €6,275 | -€344 | -5.2% |
| Taxes | 450/3 | €5,310 | €6,275 | +€965 | +18.2% |
| Remuneration and social security | 454/9 | €1,309 | €0 | -€1,309 | -100.0% |
| Other amounts payable | 47/48 | €170,132 | €152,153 | -€17,978 | -10.6% |
| Remuneration, social security and pensions | 62 | €3,386 | €0 | -€3,386 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,410 | €11,853 | +€442 | +3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€838 | -€267 | +€571 | +68.1% |
| Other operating charges | 640/8 | €529 | €529 | -€0 | -0.1% |
| Gross operating margin | 9900 | €36,545 | €9,730 | -€26,815 | -73.4% |
| Operating profit (loss) | 9901 | €22,057 | -€2,385 | -€24,442 | |
| Financial income | 75/76B | €337 | €535 | +€198 | +58.9% |
| Recurring financial income | 75 | €337 | €535 | +€198 | +58.9% |
| Financial charges | 65/66B | €7,921 | €7,272 | -€648 | -8.2% |
| Recurring financial charges | 65 | €7,921 | €7,272 | -€648 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €14,473 | -€9,122 | -€23,595 | |
| Profit (loss) for the period | 9904 | €14,473 | -€9,122 | -€23,595 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,473 | -€9,122 | -€23,595 |
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 11 October 2026 via checked.be.