SMART DOCTOR: 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 DOCTOR
Largest movements
- Deferred charges and accrued income -€6,942
no longer reported in 2025 (was €6,942)
- Receivables within one year -€5,317
down €5,317 (-15.6%), from €34,003 to €28,686
of which Other amounts receivable: -€4,073
- Tangible fixed assets +€4,445
up €4,445 (+26.4%), from €16,838 to €21,282
of which Plant, machinery and equipment: +€5,030
- Financial fixed assets +€2,850
up €2,850 (+103%), from €2,760 to €5,610
- Other debts +€66,945
up €66,945, from €0 to €66,945
- Profit (loss) carried forward -€55,295
down €55,295 (-436%), from -€12,678 to -€67,972
- Trade debts -€45,149
down €45,149 (-65.1%), from €69,376 to €24,228
- Tax, wage and social debts +€38,954
up €38,954 (+231%), from €16,872 to €55,826
of which Taxes: +€37,295
- Debts after one year -€11,034
down €11,034 (-48.0%), from €22,992 to €11,958
- Purchases and services -€224,588
no longer reported in 2025 (was €224,588)
- Gross operating margin -€54,569
down €54,569, from €34,124 to -€20,445
- Depreciation -€9,482
down €9,482 (-56.9%), from €16,655 to €7,172
- Staff costs +€6,890
up €6,890 (+44.0%), from €15,656 to €22,546
- Write-downs -€2,529
new in 2025: -€2,529
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 | €132,271 | €126,491 | -€5,780 | -4.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €19,598 | €26,892 | +€7,295 | +37.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €16,838 | €21,282 | +€4,445 | +26.4% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €1,844 | €6,874 | +€5,030 | +273% |
| Furniture and vehicles | 24 | €4,135 | €5,850 | +€1,716 | +41.5% |
| Other tangible fixed assets | 26 | €10,860 | €8,559 | -€2,301 | -21.2% |
| Financial fixed assets | 28 | €2,760 | €5,610 | +€2,850 | +103% |
| Current assets | 29/58 | €112,673 | €99,599 | -€13,075 | -11.6% |
| Stocks and contracts in progress | 3 | €19,623 | €18,423 | -€1,200 | -6.1% |
| Stocks | 30/36 | €19,623 | €18,423 | -€1,200 | -6.1% |
| Amounts receivable within one year | 40/41 | €34,003 | €28,686 | -€5,317 | -15.6% |
| Trade receivables | 40 | €24,015 | €22,771 | -€1,244 | -5.2% |
| Other amounts receivable | 41 | €9,988 | €5,915 | -€4,073 | -40.8% |
| Current investments | 50/53 | €51,000 | €51,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,105 | €1,489 | +€384 | +34.7% |
| Deferred charges and accrued income | 490/1 | €6,942 | - | -€6,942 | |
| Total equity and liabilities | 10/49 | €132,271 | €126,491 | -€5,780 | -4.4% |
| Equity | 10/15 | €7,782 | -€47,512 | -€55,295 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,678 | -€67,972 | -€55,295 | -436% |
| Amounts payable | 17/49 | €124,489 | €174,003 | +€49,515 | +39.8% |
| Amounts payable after more than one year | 17 | €22,992 | €11,958 | -€11,034 | -48.0% |
| Financial debts | 170/4 | €22,992 | €11,958 | -€11,034 | -48.0% |
| Amounts payable within one year | 42/48 | €101,107 | €162,045 | +€60,938 | +60.3% |
| Current portion of amounts payable after more than one year | 42 | €10,780 | €11,319 | +€539 | +5.0% |
| Financial debts | 43 | €4,078 | €3,727 | -€351 | -8.6% |
| Credit institutions | 430/8 | €4,078 | €3,727 | -€351 | -8.6% |
| Trade debts | 44 | €69,376 | €24,228 | -€45,149 | -65.1% |
| Suppliers | 440/4 | €69,376 | €24,228 | -€45,149 | -65.1% |
| Taxes, remuneration and social security | 45 | €16,872 | €55,826 | +€38,954 | +231% |
| Taxes | 450/3 | €14,372 | €51,667 | +€37,295 | +259% |
| Remuneration and social security | 454/9 | €2,500 | €4,159 | +€1,659 | +66.4% |
| Other amounts payable | 47/48 | €0 | €66,945 | +€66,945 | |
| Accrued charges and deferred income | 492/3 | €390 | - | -€390 | |
| Goods, raw materials, services and sundry goods | 60/61 | €224,588 | - | -€224,588 | |
| Remuneration, social security and pensions | 62 | €15,656 | €22,546 | +€6,890 | +44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,655 | €7,172 | -€9,482 | -56.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,529 | -€2,529 | |
| Other operating charges | 640/8 | €5,843 | €4,063 | -€1,779 | -30.5% |
| Gross operating margin | 9900 | €34,124 | -€20,445 | -€54,569 | |
| Operating profit (loss) | 9901 | -€4,029 | -€51,697 | -€47,668 | -1,183% |
| Financial income | 75/76B | €2,394 | €1 | -€2,393 | -100.0% |
| Recurring financial income | 75 | €2,394 | €1 | -€2,393 | -100.0% |
| Financial charges | 65/66B | €5,024 | €3,379 | -€1,645 | -32.7% |
| Recurring financial charges | 65 | €5,024 | €3,379 | -€1,645 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,659 | -€55,075 | -€48,416 | -727% |
| Income taxes | 67/77 | €242 | €220 | -€22 | -9.1% |
| Profit (loss) for the period | 9904 | -€6,901 | -€55,295 | -€48,394 | -701% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,901 | -€55,295 | -€48,394 | -701% |
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 31 October 2026 via checked.be.