SMART KIDS: 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 KIDS
Largest movements
- Cash -€37,279
down €37,279 (-44.7%), from €83,453 to €46,174
mainly Trade debts (-€61,146) and Other debts (-€35,170)
- Tangible fixed assets -€12,145
down €12,145 (-7.3%), from €167,173 to €155,028
of which Land and buildings: -€8,560
- Receivables within one year -€4,386
down €4,386 (-12.5%), from €34,994 to €30,608
- Trade debts -€61,146
down €61,146 (-94.3%), from €64,833 to €3,687
- Other debts -€35,170
down €35,170 (-36.5%), from €96,289 to €61,119
- Profit (loss) carried forward +€32,099
up €32,099 (+38.1%), from €84,187 to €116,286
- Tax, wage and social debts +€10,407
up €10,407 (+51.2%), from €20,311 to €30,718
of which Taxes: +€7,426
- Gross operating margin -€11,273
down €11,273 (-18.1%), from €62,136 to €50,863
- Financial charges -€5,271
down €5,271 (-94.3%), from €5,591 to €320
- Depreciation +€1,311
up €1,311 (+10.8%), from €12,133 to €13,444
- Other operating charges -€1,100
no longer reported in 2024 (was €1,100)
- Taxes +€972
up €972 (+24.1%), from €4,028 to €5,000
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €285,620 | €231,810 | -€53,810 | -18.8% |
| Fixed assets | 21/28 | €167,173 | €155,028 | -€12,145 | -7.3% |
| Tangible fixed assets | 22/27 | €167,173 | €155,028 | -€12,145 | -7.3% |
| Land and buildings | 22 | €152,515 | €143,955 | -€8,560 | -5.6% |
| Plant, machinery and equipment | 23 | €10,133 | €7,080 | -€3,053 | -30.1% |
| Furniture and vehicles | 24 | €4,525 | €3,993 | -€532 | -11.8% |
| Current assets | 29/58 | €118,447 | €76,782 | -€41,665 | -35.2% |
| Amounts receivable within one year | 40/41 | €34,994 | €30,608 | -€4,386 | -12.5% |
| Trade receivables | 40 | €34,994 | €30,608 | -€4,386 | -12.5% |
| Cash at bank and in hand | 54/58 | €83,453 | €46,174 | -€37,279 | -44.7% |
| Total equity and liabilities | 10/49 | €285,620 | €231,810 | -€53,810 | -18.8% |
| Equity | 10/15 | €104,187 | €136,286 | +€32,099 | +30.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,187 | €116,286 | +€32,099 | +38.1% |
| Amounts payable | 17/49 | €181,433 | €95,524 | -€85,909 | -47.4% |
| Amounts payable within one year | 42/48 | €181,433 | €95,524 | -€85,909 | -47.4% |
| Trade debts | 44 | €64,833 | €3,687 | -€61,146 | -94.3% |
| Suppliers | 440/4 | €64,833 | €3,687 | -€61,146 | -94.3% |
| Taxes, remuneration and social security | 45 | €20,311 | €30,718 | +€10,407 | +51.2% |
| Taxes | 450/3 | €20,311 | €27,737 | +€7,426 | +36.6% |
| Remuneration and social security | 454/9 | - | €2,981 | +€2,981 | |
| Other amounts payable | 47/48 | €96,289 | €61,119 | -€35,170 | -36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,133 | €13,444 | +€1,311 | +10.8% |
| Other operating charges | 640/8 | €1,100 | - | -€1,100 | |
| Gross operating margin | 9900 | €62,136 | €50,863 | -€11,273 | -18.1% |
| Operating profit (loss) | 9901 | €48,903 | €37,419 | -€11,484 | -23.5% |
| Financial charges | 65/66B | €5,591 | €320 | -€5,271 | -94.3% |
| Recurring financial charges | 65 | €5,591 | €320 | -€5,271 | -94.3% |
| Profit (loss) for the period before taxes | 9903 | €43,312 | €37,099 | -€6,213 | -14.3% |
| Income taxes | 67/77 | €4,028 | €5,000 | +€972 | +24.1% |
| Profit (loss) for the period | 9904 | €39,284 | €32,099 | -€7,185 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,284 | €32,099 | -€7,185 | -18.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.