SMART FLUID: 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 FLUID
Largest movements
- Cash +€7,579
new in 2025: €7,579
mainly Current investments (+€2,997) and Net result for the year (+€1,853)
- Current investments -€2,997
no longer reported in 2025 (was €2,997)
- Receivables within one year -€1,559
down €1,559 (-64.5%), from €2,418 to €859
of which Trade receivables: -€1,630
- Profit (loss) carried forward +€1,853
up €1,853 (+498.2%), from €372 to €2,225
- Tax, wage and social debts +€774
up €774 (+361.6%), from €214 to €988
- Other debts +€295
up €295 (+16.7%), from €1,767 to €2,062
- Trade debts +€102
up €102 (+167.7%), from €61 to €163
- Gross operating margin -€1,065
down €1,065 (-28.5%), from €3,734 to €2,668
- Taxes +€560
up €560 (+261.6%), from €214 to €774
- Other operating charges -€326
no longer reported in 2025 (was €326)
- Financial charges -€39
down €39 (-41.4%), from €93 to €55
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 | €5,414 | €8,438 | +€3,024 | +55.9% |
| Current assets | 29/58 | €5,414 | €8,438 | +€3,024 | +55.9% |
| Amounts receivable within one year | 40/41 | €2,418 | €859 | -€1,559 | -64.5% |
| Trade receivables | 40 | €1,688 | €57 | -€1,630 | -96.6% |
| Other amounts receivable | 41 | €730 | €801 | +€71 | +9.8% |
| Current investments | 50/53 | €2,997 | - | -€2,997 | |
| Cash at bank and in hand | 54/58 | - | €7,579 | +€7,579 | |
| Total equity and liabilities | 10/49 | €5,414 | €8,438 | +€3,024 | +55.9% |
| Equity | 10/15 | €3,372 | €5,225 | +€1,853 | +55.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €372 | €2,225 | +€1,853 | +498.2% |
| Amounts payable | 17/49 | €2,042 | €3,213 | +€1,171 | +57.3% |
| Amounts payable within one year | 42/48 | €2,042 | €3,213 | +€1,171 | +57.3% |
| Trade debts | 44 | €61 | €163 | +€102 | +167.7% |
| Suppliers | 440/4 | €61 | €163 | +€102 | +167.7% |
| Taxes, remuneration and social security | 45 | €214 | €988 | +€774 | +361.6% |
| Taxes | 450/3 | €214 | €988 | +€774 | +361.6% |
| Other amounts payable | 47/48 | €1,767 | €2,062 | +€295 | +16.7% |
| Other operating charges | 640/8 | €326 | - | -€326 | |
| Gross operating margin | 9900 | €3,734 | €2,668 | -€1,065 | -28.5% |
| Operating profit (loss) | 9901 | €3,408 | €2,668 | -€739 | -21.7% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €93 | €55 | -€39 | -41.4% |
| Recurring financial charges | 65 | €93 | €55 | -€39 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €3,315 | €2,627 | -€687 | -20.7% |
| Income taxes | 67/77 | €214 | €774 | +€560 | +261.6% |
| Profit (loss) for the period | 9904 | €3,100 | €1,853 | -€1,247 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,100 | €1,853 | -€1,247 | -40.2% |
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 2 October 2026 via checked.be.