SMART CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year -€11,473
down €11,473 (-15.3%), from €74,872 to €63,399
- Cash +€3,133
up €3,133 (+1,387%), from €226 to €3,359
mainly Receivables within one year (+€11,473) and Trade debts (+€1,086)
- Reserves -€9,425
down €9,425 (-14.7%), from €64,289 to €54,864
of which Distributable reserves: -€9,425
- Trade debts +€1,086
up €1,086 (+23.5%), from €4,611 to €5,697
- Gross operating margin -€4,297
down €4,297 (-64.2%), from -€6,691 to -€10,988
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 | €75,098 | €66,758 | -€8,339 | -11.1% |
| Current assets | 29/58 | €75,098 | €66,758 | -€8,339 | -11.1% |
| Amounts receivable within one year | 40/41 | €74,872 | €63,399 | -€11,473 | -15.3% |
| Other amounts receivable | 41 | €74,872 | €63,399 | -€11,473 | -15.3% |
| Cash at bank and in hand | 54/58 | €226 | €3,359 | +€3,133 | +1,387% |
| Total equity and liabilities | 10/49 | €75,098 | €66,758 | -€8,339 | -11.1% |
| Equity | 10/15 | €70,486 | €61,061 | -€9,425 | -13.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €64,289 | €54,864 | -€9,425 | -14.7% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €59,289 | €49,864 | -€9,425 | -15.9% |
| Amounts payable | 17/49 | €4,611 | €5,697 | +€1,086 | +23.5% |
| Amounts payable within one year | 42/48 | €4,611 | €5,697 | +€1,086 | +23.5% |
| Trade debts | 44 | €4,611 | €5,697 | +€1,086 | +23.5% |
| Suppliers | 440/4 | €4,611 | €5,697 | +€1,086 | +23.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€6,691 | -€10,988 | -€4,297 | -64.2% |
| Operating profit (loss) | 9901 | -€7,079 | -€11,388 | -€4,309 | -60.9% |
| Financial income | 75/76B | €2,092 | €2,153 | +€61 | +2.9% |
| Recurring financial income | 75 | €2,092 | €2,153 | +€61 | +2.9% |
| Financial charges | 65/66B | €171 | €190 | +€19 | +11.3% |
| Recurring financial charges | 65 | €171 | €190 | +€19 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,157 | -€9,425 | -€4,268 | -82.7% |
| Profit (loss) for the period | 9904 | -€5,157 | -€9,425 | -€4,268 | -82.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,157 | -€9,425 | -€4,268 | -82.7% |
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 23 October 2026 via checked.be.