SMART BUSINESS PARTNER: what changed
SMART BUSINESS PARTNER
Largest movements
- Receivables within one year -€11,599
down €11,599 (-22.7%), from €51,084 to €39,485
- Cash -€7,704
down €7,704 (-27.9%), from €27,572 to €19,867
mainly Trade debts (-€97,643) and Debts after one year (-€59,445)
- Financial fixed assets -€3,962
down €3,962 (-50.2%), from €7,884 to €3,923
- Trade debts -€97,643
down €97,643 (-90.5%), from €107,868 to €10,225
- Profit (loss) carried forward +€64,667
up €64,667 (+61.3%), from -€105,454 to -€40,786
- Debts after one year -€59,445
down €59,445 (-100%), from €59,445 to €0
- Other debts +€50,317
new in 2025: €50,317
- Tax, wage and social debts +€17,959
up €17,959 (+104%), from €17,247 to €35,206
of which Taxes: +€12,390
- Gross operating margin +€103,275
up €103,275 (+266%), from €38,803 to €142,079
- Taxes +€13,981
up €13,981 (+1,531%), from €913 to €14,894
- Staff costs +€10,944
up €10,944 (+30.4%), from €35,997 to €46,942
- Other operating charges +€2,346
up €2,346 (+23.2%), from €10,103 to €12,449
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 | €88,967 | €64,823 | -€24,144 | -27.1% |
| Fixed assets | 21/28 | €7,884 | €3,923 | -€3,962 | -50.2% |
| Financial fixed assets | 28 | €7,884 | €3,923 | -€3,962 | -50.2% |
| Current assets | 29/58 | €81,083 | €60,900 | -€20,182 | -24.9% |
| Amounts receivable within one year | 40/41 | €51,084 | €39,485 | -€11,599 | -22.7% |
| Trade receivables | 40 | €51,084 | €39,485 | -€11,599 | -22.7% |
| Cash at bank and in hand | 54/58 | €27,572 | €19,867 | -€7,704 | -27.9% |
| Deferred charges and accrued income | 490/1 | €2,427 | €1,548 | -€879 | -36.2% |
| Total equity and liabilities | 10/49 | €88,967 | €64,823 | -€24,144 | -27.1% |
| Equity | 10/15 | -€95,594 | -€30,926 | +€64,667 | +67.6% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,454 | -€40,786 | +€64,667 | +61.3% |
| Amounts payable | 17/49 | €184,561 | €95,749 | -€88,811 | -48.1% |
| Amounts payable after more than one year | 17 | €59,445 | €0 | -€59,445 | -100% |
| Other amounts payable | 178/9 | €59,445 | €0 | -€59,445 | -100% |
| Amounts payable within one year | 42/48 | €125,116 | €95,749 | -€29,366 | -23.5% |
| Trade debts | 44 | €107,868 | €10,225 | -€97,643 | -90.5% |
| Suppliers | 440/4 | €107,868 | €10,225 | -€97,643 | -90.5% |
| Taxes, remuneration and social security | 45 | €17,247 | €35,206 | +€17,959 | +104% |
| Taxes | 450/3 | €9,823 | €22,213 | +€12,390 | +126% |
| Remuneration and social security | 454/9 | €7,424 | €12,994 | +€5,570 | +75.0% |
| Other amounts payable | 47/48 | - | €50,317 | +€50,317 | |
| Non-recurring operating income | 76A | €4,184 | €0 | -€4,184 | -100% |
| Remuneration, social security and pensions | 62 | €35,997 | €46,942 | +€10,944 | +30.4% |
| Other operating charges | 640/8 | €10,103 | €12,449 | +€2,346 | +23.2% |
| Gross operating margin | 9900 | €38,803 | €142,079 | +€103,275 | +266% |
| Operating profit (loss) | 9901 | -€7,297 | €82,687 | +€89,985 | |
| Financial income | 75/76B | €78 | €1,181 | +€1,103 | +1,421% |
| Recurring financial income | 75 | €78 | €1,181 | +€1,103 | +1,421% |
| Financial charges | 65/66B | €3,054 | €4,306 | +€1,252 | +41.0% |
| Recurring financial charges | 65 | €3,054 | €4,306 | +€1,252 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,274 | €79,562 | +€89,836 | |
| Income taxes | 67/77 | €913 | €14,894 | +€13,981 | +1,531% |
| Profit (loss) for the period | 9904 | -€11,187 | €64,667 | +€75,855 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,187 | €64,667 | +€75,855 |
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 7 November 2026 via checked.be.