SMART CREATION: 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 CREATION
Largest movements
- Receivables within one year +€14,806
up €14,806 (+988.1%), from €1,498 to €16,305
of which Trade receivables: +€9,177
- Deferred charges and accrued income -€4,836
down €4,836 (-56.1%), from €8,624 to €3,788
- Tangible fixed assets +€1,208
new in 2025: €1,208
- Other debts +€10,186
new in 2025: €10,186
- Trade debts +€1,214
up €1,214 (+77.7%), from €1,562 to €2,776
- Gross operating margin -€39,274
down €39,274 (-97.0%), from €40,479 to €1,205
- Taxes -€10,519
down €10,519 (-93.9%), from €11,200 to €680
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 | €61,866 | €72,904 | +€11,038 | +17.8% |
| Fixed assets | 21/28 | - | €1,208 | +€1,208 | |
| Tangible fixed assets | 22/27 | - | €1,208 | +€1,208 | |
| Plant, machinery and equipment | 23 | - | €1,208 | +€1,208 | |
| Current assets | 29/58 | €61,866 | €71,696 | +€9,830 | +15.9% |
| Amounts receivable within one year | 40/41 | €1,498 | €16,305 | +€14,806 | +988.1% |
| Trade receivables | 40 | €898 | €10,075 | +€9,177 | +1021.4% |
| Other amounts receivable | 41 | €600 | €6,229 | +€5,629 | +938.2% |
| Cash at bank and in hand | 54/58 | €51,743 | €51,604 | -€140 | -0.3% |
| Deferred charges and accrued income | 490/1 | €8,624 | €3,788 | -€4,836 | -56.1% |
| Total equity and liabilities | 10/49 | €61,866 | €72,904 | +€11,038 | +17.8% |
| Equity | 10/15 | €46,251 | €46,181 | -€70 | -0.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €42,000 | €42,000 | = | 0.0% |
| Distributable reserves | 133 | €42,000 | €42,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €251 | €181 | -€70 | -27.9% |
| Amounts payable | 17/49 | €15,615 | €26,723 | +€11,108 | +71.1% |
| Amounts payable within one year | 42/48 | €15,295 | €26,723 | +€11,428 | +74.7% |
| Trade debts | 44 | €1,562 | €2,776 | +€1,214 | +77.7% |
| Suppliers | 440/4 | €1,562 | €2,776 | +€1,214 | +77.7% |
| Taxes, remuneration and social security | 45 | €13,733 | €13,762 | +€29 | +0.2% |
| Taxes | 450/3 | €11,200 | €11,200 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,534 | €2,562 | +€29 | +1.1% |
| Other amounts payable | 47/48 | - | €10,186 | +€10,186 | |
| Accrued charges and deferred income | 492/3 | €320 | €0 | -€320 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €97 | +€97 | |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €40,479 | €1,205 | -€39,274 | -97.0% |
| Operating profit (loss) | 9901 | €40,361 | €988 | -€39,372 | -97.6% |
| Financial charges | 65/66B | €140 | €378 | +€238 | +170.4% |
| Recurring financial charges | 65 | €140 | €378 | +€238 | +170.4% |
| Profit (loss) for the period before taxes | 9903 | €40,221 | €610 | -€39,611 | -98.5% |
| Income taxes | 67/77 | €11,200 | €680 | -€10,519 | -93.9% |
| Profit (loss) for the period | 9904 | €29,021 | -€70 | -€29,091 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,021 | -€70 | -€29,091 |
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 3 October 2026 via checked.be.