Smart Business Design: 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 Business Design
Largest movements
- Cash -€27,590
down €27,590 (-45.4%), from €60,711 to €33,121
mainly Net result for the year (-€60,796) and Trade debts (-€5,551)
- Receivables within one year -€22,329
down €22,329 (-70.5%), from €31,690 to €9,361
of which Trade receivables: -€14,873
- Tangible fixed assets -€6,098
down €6,098 (-20.1%), from €30,409 to €24,311
- Profit (loss) carried forward -€60,796
down €60,796 (-57.8%), from €105,123 to €44,327
- Tax, wage and social debts +€10,761
up €10,761 (+260%), from €4,139 to €14,900
of which Remuneration and social security: +€10,623
- Trade debts -€5,551
down €5,551 (-94.1%), from €5,900 to €349
- Gross operating margin -€53,835
down €53,835, from €660 to -€53,175
- Financial charges -€1,861
down €1,861 (-60.9%), from €3,055 to €1,194
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 | €135,902 | €80,834 | -€55,069 | -40.5% |
| Fixed assets | 21/28 | €30,409 | €24,311 | -€6,098 | -20.1% |
| Tangible fixed assets | 22/27 | €30,409 | €24,311 | -€6,098 | -20.1% |
| Plant, machinery and equipment | 23 | €9,241 | €7,301 | -€1,940 | -21.0% |
| Furniture and vehicles | 24 | €2,573 | €1,294 | -€1,279 | -49.7% |
| Other tangible fixed assets | 26 | €18,595 | €15,716 | -€2,878 | -15.5% |
| Current assets | 29/58 | €105,493 | €56,523 | -€48,971 | -46.4% |
| Amounts receivable after more than one year | 29 | €12,500 | €12,500 | = | 0.0% |
| Other amounts receivable | 291 | €12,500 | €12,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,690 | €9,361 | -€22,329 | -70.5% |
| Trade receivables | 40 | €23,596 | €8,723 | -€14,873 | -63.0% |
| Other amounts receivable | 41 | €8,094 | €638 | -€7,456 | -92.1% |
| Cash at bank and in hand | 54/58 | €60,711 | €33,121 | -€27,590 | -45.4% |
| Deferred charges and accrued income | 490/1 | €592 | €1,541 | +€949 | +160% |
| Total equity and liabilities | 10/49 | €135,902 | €80,834 | -€55,069 | -40.5% |
| Equity | 10/15 | €125,528 | €64,732 | -€60,796 | -48.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,123 | €44,327 | -€60,796 | -57.8% |
| Amounts payable | 17/49 | €10,374 | €16,102 | +€5,728 | +55.2% |
| Amounts payable within one year | 42/48 | €10,374 | €16,102 | +€5,728 | +55.2% |
| Trade debts | 44 | €5,900 | €349 | -€5,551 | -94.1% |
| Suppliers | 440/4 | €5,900 | €349 | -€5,551 | -94.1% |
| Taxes, remuneration and social security | 45 | €4,139 | €14,900 | +€10,761 | +260% |
| Taxes | 450/3 | €4,139 | €4,277 | +€138 | +3.3% |
| Remuneration and social security | 454/9 | €0 | €10,623 | +€10,623 | |
| Other amounts payable | 47/48 | €335 | €853 | +€518 | +154% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,644 | €6,098 | +€454 | +8.0% |
| Other operating charges | 640/8 | €520 | €513 | -€7 | -1.3% |
| Gross operating margin | 9900 | €660 | -€53,175 | -€53,835 | |
| Operating profit (loss) | 9901 | -€5,505 | -€59,787 | -€54,282 | -986% |
| Financial income | 75/76B | €203 | €313 | +€109 | +53.8% |
| Recurring financial income | 75 | €203 | €313 | +€109 | +53.8% |
| Financial charges | 65/66B | €3,055 | €1,194 | -€1,861 | -60.9% |
| Recurring financial charges | 65 | €3,055 | €1,194 | -€1,861 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,357 | -€60,668 | -€52,311 | -626% |
| Income taxes | 67/77 | €109 | €128 | +€19 | +17.1% |
| Profit (loss) for the period | 9904 | -€8,466 | -€60,796 | -€52,330 | -618% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,466 | -€60,796 | -€52,330 | -618% |
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 30 October 2026 via checked.be.