SMART CONSULTING: 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 CONSULTING
Largest movements
- Cash +€2,686
up €2,686 (+6.1%), from €44,239 to €46,925
mainly Net result for the year (+€4,309) and Depreciation (+€917)
- Receivables within one year +€2,074
up €2,074 (+5829.6%), from €36 to €2,110
of which Other amounts receivable: +€1,415
- Tangible fixed assets -€917
down €917 (-45.3%), from €2,025 to €1,109
of which Furniture and vehicles: -€476
- Profit (loss) carried forward +€4,309
up €4,309 (+24.6%), from €17,496 to €21,806
- Other debts -€815
down €815 (-5.5%), from €14,721 to €13,906
- Turnover -€4,266
down €4,266 (-7.6%), from €56,361 to €52,095
- Gross operating margin -€4,043
down €4,043 (-33.0%), from €12,263 to €8,220
- Taxes -€4,039
down €4,039 (-74.8%), from €5,397 to €1,358
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 | €46,300 | €50,144 | +€3,844 | +8.3% |
| Fixed assets | 21/28 | €2,025 | €1,109 | -€917 | -45.3% |
| Tangible fixed assets | 22/27 | €2,025 | €1,109 | -€917 | -45.3% |
| Plant, machinery and equipment | 23 | €885 | €444 | -€440 | -49.8% |
| Furniture and vehicles | 24 | €1,141 | €665 | -€476 | -41.7% |
| Current assets | 29/58 | €44,275 | €49,035 | +€4,760 | +10.8% |
| Amounts receivable within one year | 40/41 | €36 | €2,110 | +€2,074 | +5829.6% |
| Trade receivables | 40 | €36 | €694 | +€659 | +1851.8% |
| Other amounts receivable | 41 | - | €1,415 | +€1,415 | |
| Cash at bank and in hand | 54/58 | €44,239 | €46,925 | +€2,686 | +6.1% |
| Total equity and liabilities | 10/49 | €46,300 | €50,144 | +€3,844 | +8.3% |
| Equity | 10/15 | €29,896 | €34,206 | +€4,309 | +14.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,496 | €21,806 | +€4,309 | +24.6% |
| Amounts payable | 17/49 | €16,404 | €15,938 | -€465 | -2.8% |
| Amounts payable within one year | 42/48 | €16,404 | €15,938 | -€465 | -2.8% |
| Trade debts | 44 | €367 | €451 | +€84 | +23.0% |
| Suppliers | 440/4 | €367 | €451 | +€84 | +23.0% |
| Taxes, remuneration and social security | 45 | €1,316 | €1,581 | +€265 | +20.1% |
| Taxes | 450/3 | €1,316 | €1,581 | +€265 | +20.1% |
| Other amounts payable | 47/48 | €14,721 | €13,906 | -€815 | -5.5% |
| Turnover | 70 | €56,361 | €52,095 | -€4,266 | -7.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €44,098 | €43,875 | -€223 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,436 | €917 | -€520 | -36.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€322 | €26 | +€348 | |
| Other operating charges | 640/8 | €1,320 | €1,127 | -€193 | -14.6% |
| Gross operating margin | 9900 | €12,263 | €8,220 | -€4,043 | -33.0% |
| Operating profit (loss) | 9901 | €9,830 | €6,151 | -€3,678 | -37.4% |
| Financial income | 75/76B | €77 | €79 | +€2 | +3.0% |
| Recurring financial income | 75 | €77 | €79 | +€2 | +3.0% |
| Financial charges | 65/66B | €727 | €563 | -€164 | -22.5% |
| Recurring financial charges | 65 | €727 | €563 | -€164 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €9,180 | €5,667 | -€3,512 | -38.3% |
| Income taxes | 67/77 | €5,397 | €1,358 | -€4,039 | -74.8% |
| Profit (loss) for the period | 9904 | €3,783 | €4,309 | +€527 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,783 | €4,309 | +€527 | +13.9% |
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 4 October 2026 via checked.be.