Smart Concept Management: 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 Management
Largest movements
- Cash +€23,095
up €23,095 (+124.8%), from €18,512 to €41,607
mainly Other debts (+€45,458) and Net result for the year (+€22,277)
- Tangible fixed assets -€15,148
down €15,148 (-45.8%), from €33,099 to €17,951
of which Furniture and vehicles: -€12,299
- Receivables within one year -€8,794
down €8,794 (-36.3%), from €24,231 to €15,438
of which Trade receivables: -€9,978
- Current investments +€8,000
up €8,000, from €0 to €8,000
- Other debts +€45,458
up €45,458 (+3507.7%), from €1,296 to €46,754
- Reserves -€22,723
down €22,723 (-69.4%), from €32,744 to €10,021
- Debts after one year -€8,824
down €8,824 (-100.0%), from €8,824 to €0
- Trade debts -€4,051
down €4,051 (-74.4%), from €5,444 to €1,392
- Current portion of long-term debt -€2,295
down €2,295 (-20.6%), from €11,119 to €8,824
- Gross operating margin -€9,482
down €9,482 (-17.7%), from €53,583 to €44,100
- Taxes -€2,610
down €2,610 (-30.9%), from €8,457 to €5,846
- Financial income -€1,912
down €1,912 (-94.9%), from €2,014 to €102
- Depreciation +€1,331
up €1,331 (+10.0%), from €13,354 to €14,685
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 | €76,874 | €84,086 | +€7,212 | +9.4% |
| Fixed assets | 21/28 | €33,099 | €17,951 | -€15,148 | -45.8% |
| Tangible fixed assets | 22/27 | €33,099 | €17,951 | -€15,148 | -45.8% |
| Plant, machinery and equipment | 23 | €9,349 | €7,300 | -€2,049 | -21.9% |
| Furniture and vehicles | 24 | €19,751 | €7,452 | -€12,299 | -62.3% |
| Other tangible fixed assets | 26 | €4,000 | €3,200 | -€800 | -20.0% |
| Current assets | 29/58 | €43,775 | €66,135 | +€22,360 | +51.1% |
| Amounts receivable within one year | 40/41 | €24,231 | €15,438 | -€8,794 | -36.3% |
| Trade receivables | 40 | €24,231 | €14,254 | -€9,978 | -41.2% |
| Other amounts receivable | 41 | - | €1,184 | +€1,184 | |
| Current investments | 50/53 | €0 | €8,000 | +€8,000 | |
| Cash at bank and in hand | 54/58 | €18,512 | €41,607 | +€23,095 | +124.8% |
| Deferred charges and accrued income | 490/1 | €1,031 | €1,090 | +€59 | +5.7% |
| Total equity and liabilities | 10/49 | €76,874 | €84,086 | +€7,212 | +9.4% |
| Equity | 10/15 | €38,744 | €16,021 | -€22,723 | -58.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €32,744 | €10,021 | -€22,723 | -69.4% |
| Distributable reserves | 133 | €32,744 | €10,021 | -€22,723 | -69.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €38,130 | €68,065 | +€29,935 | +78.5% |
| Amounts payable after more than one year | 17 | €8,824 | €0 | -€8,824 | -100.0% |
| Financial debts | 170/4 | €8,824 | €0 | -€8,824 | -100.0% |
| Amounts payable within one year | 42/48 | €29,306 | €68,065 | +€38,759 | +132.3% |
| Current portion of amounts payable after more than one year | 42 | €11,119 | €8,824 | -€2,295 | -20.6% |
| Trade debts | 44 | €5,444 | €1,392 | -€4,051 | -74.4% |
| Suppliers | 440/4 | €5,444 | €1,392 | -€4,051 | -74.4% |
| Taxes, remuneration and social security | 45 | €11,448 | €11,095 | -€353 | -3.1% |
| Taxes | 450/3 | €11,448 | €11,095 | -€353 | -3.1% |
| Other amounts payable | 47/48 | €1,296 | €46,754 | +€45,458 | +3507.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,354 | €14,685 | +€1,331 | +10.0% |
| Other operating charges | 640/8 | €736 | €707 | -€28 | -3.9% |
| Non-recurring operating charges | 66A | - | €463 | +€463 | |
| Gross operating margin | 9900 | €53,583 | €44,100 | -€9,482 | -17.7% |
| Operating profit (loss) | 9901 | €39,493 | €28,245 | -€11,248 | -28.5% |
| Financial income | 75/76B | €2,014 | €102 | -€1,912 | -94.9% |
| Recurring financial income | 75 | €2,014 | €102 | -€1,912 | -94.9% |
| Financial charges | 65/66B | €344 | €224 | -€121 | -35.1% |
| Recurring financial charges | 65 | €344 | €224 | -€121 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €41,163 | €28,124 | -€13,039 | -31.7% |
| Income taxes | 67/77 | €8,457 | €5,846 | -€2,610 | -30.9% |
| Profit (loss) for the period | 9904 | €32,706 | €22,277 | -€10,429 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,706 | €22,277 | -€10,429 | -31.9% |
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 9 October 2026 via checked.be.