SMART GIFTS: 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 GIFTS
Largest movements
- Financial fixed assets +€150,000
new in 2025: €150,000
- Current investments -€100,000
down €100,000 (-50.0%), from €200,000 to €100,000
- Cash -€53,421
down €53,421 (-24.7%), from €215,958 to €162,537
mainly Investment in fixed assets (net) (-€150,000) and Other debts (-€8,342)
- Receivables within one year -€11,347
down €11,347 (-27.7%), from €40,965 to €29,617
of which Other amounts receivable: -€7,444
- Other debts -€8,342
down €8,342 (-85.5%), from €9,757 to €1,415
- Profit (loss) carried forward -€6,263
down €6,263 (-14.3%), from -€43,844 to -€50,107
- Gross operating margin +€28,584
up €28,584 (+91.8%), from -€31,127 to -€2,543
- Other operating charges +€7,932
up €7,932 (+435%), from €1,822 to €9,754
- Financial income +€7,687
up €7,687 (+1,239%), from €620 to €8,307
- Depreciation -€7,280
down €7,280 (-94.8%), from €7,682 to €402
- Taxes +€870
new in 2025: €870
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 | €457,324 | €442,754 | -€14,570 | -3.2% |
| Fixed assets | 21/28 | €402 | €150,000 | +€149,598 | +37,199% |
| Tangible fixed assets | 22/27 | €402 | - | -€402 | |
| Plant, machinery and equipment | 23 | €69 | - | -€69 | |
| Furniture and vehicles | 24 | €334 | - | -€334 | |
| Financial fixed assets | 28 | - | €150,000 | +€150,000 | |
| Current assets | 29/58 | €456,922 | €292,754 | -€164,168 | -35.9% |
| Stocks and contracts in progress | 3 | - | €600 | +€600 | |
| Stocks | 30/36 | - | €600 | +€600 | |
| Amounts receivable within one year | 40/41 | €40,965 | €29,617 | -€11,347 | -27.7% |
| Trade receivables | 40 | €28,868 | €24,965 | -€3,903 | -13.5% |
| Other amounts receivable | 41 | €12,096 | €4,652 | -€7,444 | -61.5% |
| Current investments | 50/53 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €215,958 | €162,537 | -€53,421 | -24.7% |
| Total equity and liabilities | 10/49 | €457,324 | €442,754 | -€14,570 | -3.2% |
| Equity | 10/15 | €444,275 | €438,012 | -€6,263 | -1.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | - | €12,400 | +€12,400 | |
| Other | 1109/19 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €475,719 | €475,719 | = | 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% |
| Tax-exempt reserves | 132 | €78,018 | €78,018 | = | 0.0% |
| Distributable reserves | 133 | €395,841 | €395,841 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,844 | -€50,107 | -€6,263 | -14.3% |
| Amounts payable | 17/49 | €13,050 | €4,743 | -€8,307 | -63.7% |
| Amounts payable within one year | 42/48 | €13,050 | €4,743 | -€8,307 | -63.7% |
| Trade debts | 44 | - | €194 | +€194 | |
| Suppliers | 440/4 | - | €194 | +€194 | |
| Taxes, remuneration and social security | 45 | €3,293 | €3,134 | -€159 | -4.8% |
| Taxes | 450/3 | €3,293 | €3,134 | -€159 | -4.8% |
| Other amounts payable | 47/48 | €9,757 | €1,415 | -€8,342 | -85.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,682 | €402 | -€7,280 | -94.8% |
| Other operating charges | 640/8 | €1,822 | €9,754 | +€7,932 | +435% |
| Gross operating margin | 9900 | -€31,127 | -€2,543 | +€28,584 | +91.8% |
| Operating profit (loss) | 9901 | -€40,631 | -€12,700 | +€27,932 | +68.7% |
| Financial income | 75/76B | €620 | €8,307 | +€7,687 | +1,239% |
| Recurring financial income | 75 | €620 | €8,307 | +€7,687 | +1,239% |
| Financial charges | 65/66B | €389 | €1,001 | +€613 | +158% |
| Recurring financial charges | 65 | €389 | €1,001 | +€613 | +158% |
| Profit (loss) for the period before taxes | 9903 | -€40,400 | -€5,393 | +€35,006 | +86.7% |
| Income taxes | 67/77 | - | €870 | +€870 | |
| Profit (loss) for the period | 9904 | -€40,400 | -€6,263 | +€34,137 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,400 | -€6,263 | +€34,137 | +84.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.