SMART done Consultancy: 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 done Consultancy
Largest movements
- Receivables within one year -€13,038
down €13,038 (-37.5%), from €34,795 to €21,757
of which Trade receivables: -€12,968
- Tangible fixed assets -€12,085
no longer reported in 2025 (was €12,085)
- Cash +€9,794
new in 2025: €9,794
mainly Receivables within one year (+€13,038) and Investment in fixed assets (net) (+€12,085)
- Deferred charges and accrued income -€814
no longer reported in 2025 (was €814)
- Trade debts -€21,078
down €21,078 (-99.2%), from €21,255 to €178
- Other debts +€7,034
up €7,034 (+1,206%), from €583 to €7,617
- Short-term financial debts -€3,972
no longer reported in 2025 (was €3,972)
- Reserves +€2,660
up €2,660 (+14.4%), from €18,469 to €21,129
- Tax, wage and social debts -€787
down €787 (-27.0%), from €2,914 to €2,127
- Depreciation -€6,545
no longer reported in 2025 (was €6,545)
- Gross operating margin -€3,336
down €3,336 (-22.1%), from €15,111 to €11,776
- Financial charges +€1,011
up €1,011 (+47.0%), from €2,150 to €3,161
- Taxes -€787
down €787 (-27.0%), from €2,914 to €2,127
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 | €47,694 | €31,551 | -€16,143 | -33.8% |
| Fixed assets | 21/28 | €12,085 | - | -€12,085 | |
| Tangible fixed assets | 22/27 | €12,085 | - | -€12,085 | |
| Furniture and vehicles | 24 | €12,085 | - | -€12,085 | |
| Current assets | 29/58 | €35,609 | €31,551 | -€4,058 | -11.4% |
| Amounts receivable within one year | 40/41 | €34,795 | €21,757 | -€13,038 | -37.5% |
| Trade receivables | 40 | €34,468 | €21,500 | -€12,968 | -37.6% |
| Other amounts receivable | 41 | €327 | €257 | -€70 | -21.4% |
| Cash at bank and in hand | 54/58 | - | €9,794 | +€9,794 | |
| Deferred charges and accrued income | 490/1 | €814 | - | -€814 | |
| Total equity and liabilities | 10/49 | €47,694 | €31,551 | -€16,143 | -33.8% |
| Equity | 10/15 | €18,969 | €21,629 | +€2,660 | +14.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €18,469 | €21,129 | +€2,660 | +14.4% |
| Distributable reserves | 133 | €18,469 | €21,129 | +€2,660 | +14.4% |
| Amounts payable | 17/49 | €28,725 | €9,922 | -€18,803 | -65.5% |
| Amounts payable within one year | 42/48 | €28,725 | €9,922 | -€18,803 | -65.5% |
| Financial debts | 43 | €3,972 | - | -€3,972 | |
| Credit institutions | 430/8 | €3,972 | - | -€3,972 | |
| Trade debts | 44 | €21,255 | €178 | -€21,078 | -99.2% |
| Suppliers | 440/4 | €21,255 | €178 | -€21,078 | -99.2% |
| Taxes, remuneration and social security | 45 | €2,914 | €2,127 | -€787 | -27.0% |
| Taxes | 450/3 | €2,914 | €2,127 | -€787 | -27.0% |
| Other amounts payable | 47/48 | €583 | €7,617 | +€7,034 | +1,206% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,545 | - | -€6,545 | |
| Other operating charges | 640/8 | €756 | €743 | -€14 | -1.8% |
| Non-recurring operating charges | 66A | - | €3,085 | +€3,085 | |
| Gross operating margin | 9900 | €15,111 | €11,776 | -€3,336 | -22.1% |
| Operating profit (loss) | 9901 | €7,810 | €7,948 | +€137 | +1.8% |
| Financial charges | 65/66B | €2,150 | €3,161 | +€1,011 | +47.0% |
| Recurring financial charges | 65 | €2,150 | €3,161 | +€1,011 | +47.0% |
| Profit (loss) for the period before taxes | 9903 | €5,660 | €4,787 | -€873 | -15.4% |
| Income taxes | 67/77 | €2,914 | €2,127 | -€787 | -27.0% |
| Profit (loss) for the period | 9904 | €2,746 | €2,660 | -€86 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,746 | €2,660 | -€86 | -3.1% |
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 18 October 2026 via checked.be.