SMART CONSULT: what changed
Two fiscal 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 CONSULT
Largest movements
- Cash +€15,135
up €15,135 (+34.7%), from €43,615 to €58,750
mainly Net result for the year (+€14,591) and Depreciation (+€9,227)
- Tangible fixed assets -€8,014
down €8,014 (-32.8%), from €24,457 to €16,442
of which Furniture and vehicles: -€8,014
- Deferred charges and accrued income +€1,357
up €1,357 (+204.2%), from €664 to €2,021
- Reserves +€8,814
up €8,814 (+42.1%), from €20,952 to €29,766
- Other debts -€2,045
down €2,045 (-10.9%), from €18,802 to €16,757
- Gross operating margin +€9,336
up €9,336 (+14.3%), from €65,473 to €74,809
- Other operating charges +€3,798
up €3,798 (+946.4%), from €401 to €4,200
- Taxes +€2,478
up €2,478 (+32.8%), from €7,550 to €10,028
- Financial charges -€2,427
down €2,427 (-6.4%), from €38,148 to €35,721
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 | €108,978 | €116,566 | +€7,588 | +7.0% |
| Fixed assets | 21/28 | €24,457 | €16,442 | -€8,014 | -32.8% |
| Tangible fixed assets | 22/27 | €24,457 | €16,442 | -€8,014 | -32.8% |
| Furniture and vehicles | 24 | €23,857 | €15,842 | -€8,014 | -33.6% |
| Other tangible fixed assets | 26 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €84,521 | €100,124 | +€15,602 | +18.5% |
| Amounts receivable within one year | 40/41 | €40,242 | €39,352 | -€890 | -2.2% |
| Trade receivables | 40 | €35,839 | €37,203 | +€1,364 | +3.8% |
| Other amounts receivable | 41 | €4,403 | €2,149 | -€2,254 | -51.2% |
| Cash at bank and in hand | 54/58 | €43,615 | €58,750 | +€15,135 | +34.7% |
| Deferred charges and accrued income | 490/1 | €664 | €2,021 | +€1,357 | +204.2% |
| Total equity and liabilities | 10/49 | €108,978 | €116,566 | +€7,588 | +7.0% |
| Equity | 10/15 | €51,496 | €60,310 | +€8,814 | +17.1% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €20,952 | €29,766 | +€8,814 | +42.1% |
| Distributable reserves | 133 | €20,952 | €29,766 | +€8,814 | +42.1% |
| Profit (loss) carried forward | 14 | €23,543 | €23,543 | = | 0.0% |
| Provisions and deferred taxes | 16 | €34,537 | €35,629 | +€1,092 | +3.2% |
| Provisions for liabilities and charges | 160/5 | €34,537 | €35,629 | +€1,092 | +3.2% |
| Other liabilities and charges | 164/5 | €34,537 | €35,629 | +€1,092 | +3.2% |
| Amounts payable | 17/49 | €22,946 | €20,627 | -€2,319 | -10.1% |
| Amounts payable within one year | 42/48 | €22,946 | €20,627 | -€2,319 | -10.1% |
| Financial debts | 43 | €821 | - | -€821 | |
| Credit institutions | 430/8 | €821 | - | -€821 | |
| Trade debts | 44 | €319 | €806 | +€487 | +153.0% |
| Suppliers | 440/4 | €319 | €806 | +€487 | +153.0% |
| Taxes, remuneration and social security | 45 | €3,004 | €3,064 | +€60 | +2.0% |
| Taxes | 450/3 | €3,004 | €3,064 | +€60 | +2.0% |
| Other amounts payable | 47/48 | €18,802 | €16,757 | -€2,045 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,932 | €9,227 | +€295 | +3.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €843 | €1,092 | +€250 | +29.7% |
| Other operating charges | 640/8 | €401 | €4,200 | +€3,798 | +946.4% |
| Gross operating margin | 9900 | €65,473 | €74,809 | +€9,336 | +14.3% |
| Operating profit (loss) | 9901 | €55,297 | €60,290 | +€4,993 | +9.0% |
| Financial income | 75/76B | - | €50 | +€50 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Financial charges | 65/66B | €38,148 | €35,721 | -€2,427 | -6.4% |
| Recurring financial charges | 65 | €38,148 | €35,721 | -€2,427 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €17,149 | €24,619 | +€7,470 | +43.6% |
| Income taxes | 67/77 | €7,550 | €10,028 | +€2,478 | +32.8% |
| Profit (loss) for the period | 9904 | €9,598 | €14,591 | +€4,993 | +52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,598 | €14,591 | +€4,993 | +52.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.