SMART BIZZNESS CONCEPTS: 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 BIZZNESS CONCEPTS
Largest movements
- Tangible fixed assets -€11,386
down €11,386 (-20.6%), from €55,162 to €43,776
of which Furniture and vehicles: -€7,543
- Cash -€6,193
down €6,193 (-10.8%), from €57,308 to €51,114
mainly Contributions, distributions and other (-€22,233) and Debts after one year (-€11,600)
- Receivables within one year -€4,418
down €4,418 (-25.9%), from €17,068 to €12,650
of which Trade receivables: -€7,142
- Receivables after one year -€4,240
no longer reported in 2025 (was €4,240)
- Deferred charges and accrued income -€1,606
down €1,606 (-46.7%), from €3,436 to €1,830
- Reserves -€24,093
down €24,093 (-33.0%), from €73,120 to €49,026
- Other debts +€11,899
up €11,899 (+178%), from €6,694 to €18,593
- Debts after one year -€11,600
down €11,600 (-47.5%), from €24,423 to €12,823
- Tax, wage and social debts -€1,825
down €1,825 (-20.5%), from €8,915 to €7,090
- Profit (loss) carried forward -€1,516
new in 2025: -€1,516
- Gross operating margin -€10,692
down €10,692 (-39.8%), from €26,847 to €16,155
- Taxes -€3,045
down €3,045 (-91.7%), from €3,321 to €277
- Other operating charges -€617
down €617 (-51.2%), from €1,207 to €589
- Depreciation +€464
up €464 (+2.6%), from €17,554 to €18,018
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 | €137,214 | €109,370 | -€27,844 | -20.3% |
| Fixed assets | 21/28 | €55,162 | €43,776 | -€11,386 | -20.6% |
| Tangible fixed assets | 22/27 | €55,162 | €43,776 | -€11,386 | -20.6% |
| Plant, machinery and equipment | 23 | €2,490 | €1,946 | -€545 | -21.9% |
| Furniture and vehicles | 24 | €39,869 | €32,326 | -€7,543 | -18.9% |
| Other tangible fixed assets | 26 | €12,802 | €9,504 | -€3,298 | -25.8% |
| Current assets | 29/58 | €82,052 | €65,594 | -€16,458 | -20.1% |
| Amounts receivable after more than one year | 29 | €4,240 | - | -€4,240 | |
| Other amounts receivable | 291 | €4,240 | - | -€4,240 | |
| Amounts receivable within one year | 40/41 | €17,068 | €12,650 | -€4,418 | -25.9% |
| Trade receivables | 40 | €17,068 | €9,926 | -€7,142 | -41.8% |
| Other amounts receivable | 41 | - | €2,723 | +€2,723 | |
| Cash at bank and in hand | 54/58 | €57,308 | €51,114 | -€6,193 | -10.8% |
| Deferred charges and accrued income | 490/1 | €3,436 | €1,830 | -€1,606 | -46.7% |
| Total equity and liabilities | 10/49 | €137,214 | €109,370 | -€27,844 | -20.3% |
| Equity | 10/15 | €79,320 | €53,710 | -€25,609 | -32.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €73,120 | €49,026 | -€24,093 | -33.0% |
| Distributable reserves | 133 | €73,120 | €49,026 | -€24,093 | -33.0% |
| Profit (loss) carried forward | 14 | - | -€1,516 | -€1,516 | |
| Amounts payable | 17/49 | €57,894 | €55,660 | -€2,235 | -3.9% |
| Amounts payable after more than one year | 17 | €24,423 | €12,823 | -€11,600 | -47.5% |
| Financial debts | 170/4 | €24,423 | €12,823 | -€11,600 | -47.5% |
| Amounts payable within one year | 42/48 | €33,092 | €42,837 | +€9,744 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €11,377 | €11,600 | +€223 | +2.0% |
| Trade debts | 44 | €6,107 | €5,554 | -€553 | -9.0% |
| Suppliers | 440/4 | €6,107 | €5,554 | -€553 | -9.0% |
| Taxes, remuneration and social security | 45 | €8,915 | €7,090 | -€1,825 | -20.5% |
| Taxes | 450/3 | €8,915 | €7,090 | -€1,825 | -20.5% |
| Other amounts payable | 47/48 | €6,694 | €18,593 | +€11,899 | +178% |
| Accrued charges and deferred income | 492/3 | €379 | - | -€379 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,554 | €18,018 | +€464 | +2.6% |
| Other operating charges | 640/8 | €1,207 | €589 | -€617 | -51.2% |
| Gross operating margin | 9900 | €26,847 | €16,155 | -€10,692 | -39.8% |
| Operating profit (loss) | 9901 | €8,086 | -€2,452 | -€10,538 | |
| Financial income | 75/76B | €196 | €69 | -€127 | -64.6% |
| Recurring financial income | 75 | €196 | €69 | -€127 | -64.6% |
| Financial charges | 65/66B | €941 | €716 | -€225 | -23.9% |
| Recurring financial charges | 65 | €941 | €716 | -€225 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €7,341 | -€3,099 | -€10,440 | |
| Income taxes | 67/77 | €3,321 | €277 | -€3,045 | -91.7% |
| Profit (loss) for the period | 9904 | €4,020 | -€3,376 | -€7,395 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,020 | -€3,376 | -€7,395 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.