SMART LINE: 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 LINE
Largest movements
- Receivables within one year -€64,911
no longer reported in 2025 (was €64,911)
of which Trade receivables: -€64,508
- Tangible fixed assets -€12,214
down €12,214 (-65.5%), from €18,639 to €6,425
of which Furniture and vehicles: -€11,111
- Cash -€4,892
down €4,892 (-9.8%), from €50,096 to €45,204
mainly Tax, wage and social debts (-€22,658) and Trade debts (-€21,817)
- Deferred charges and accrued income -€1,688
no longer reported in 2025 (was €1,688)
- Tax, wage and social debts -€22,658
down €22,658 (-86.3%), from €26,253 to €3,595
of which Remuneration and social security: -€12,395
- Trade debts -€21,817
down €21,817 (-57.9%), from €37,681 to €15,864
- Accrued charges and deferred income -€21,662
down €21,662 (-99.0%), from €21,887 to €225
- Profit (loss) carried forward -€14,286
down €14,286 (-109.0%), from -€13,105 to -€27,391
- Other debts -€7,402
down €7,402 (-19.6%), from €37,783 to €30,381
- Gross operating margin +€22,265
up €22,265 (+96.7%), from -€23,018 to -€753
- Depreciation -€9,278
down €9,278 (-56.5%), from €16,421 to €7,143
- Financial charges +€3,507
up €3,507 (+391.4%), from €896 to €4,403
- Provisions +€1,245
new in 2025: €1,245
- Other operating charges -€571
no longer reported in 2025 (was €571)
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 | €138,291 | €52,629 | -€85,662 | -61.9% |
| Fixed assets | 21/28 | €20,844 | €7,425 | -€13,419 | -64.4% |
| Intangible fixed assets | 21 | €1,205 | - | -€1,205 | |
| Tangible fixed assets | 22/27 | €18,639 | €6,425 | -€12,214 | -65.5% |
| Land and buildings | 22 | €1,844 | €1,708 | -€136 | -7.4% |
| Plant, machinery and equipment | 23 | €3,703 | €2,736 | -€967 | -26.1% |
| Furniture and vehicles | 24 | €13,092 | €1,981 | -€11,111 | -84.9% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €117,447 | €45,204 | -€72,243 | -61.5% |
| Amounts receivable after more than one year | 29 | €752 | - | -€752 | |
| Other amounts receivable | 291 | €752 | - | -€752 | |
| Amounts receivable within one year | 40/41 | €64,911 | - | -€64,911 | |
| Trade receivables | 40 | €64,508 | - | -€64,508 | |
| Other amounts receivable | 41 | €403 | - | -€403 | |
| Cash at bank and in hand | 54/58 | €50,096 | €45,204 | -€4,892 | -9.8% |
| Deferred charges and accrued income | 490/1 | €1,688 | - | -€1,688 | |
| Total equity and liabilities | 10/49 | €138,291 | €52,629 | -€85,662 | -61.9% |
| Equity | 10/15 | €14,687 | €401 | -€14,286 | -97.3% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €21,292 | €21,292 | = | 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 | €19,432 | €19,432 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,105 | -€27,391 | -€14,286 | -109.0% |
| Amounts payable | 17/49 | €123,604 | €52,228 | -€71,376 | -57.7% |
| Amounts payable within one year | 42/48 | €101,717 | €52,003 | -€49,714 | -48.9% |
| Current portion of amounts payable after more than one year | 42 | - | €2,163 | +€2,163 | |
| Trade debts | 44 | €37,681 | €15,864 | -€21,817 | -57.9% |
| Suppliers | 440/4 | €37,681 | €15,864 | -€21,817 | -57.9% |
| Taxes, remuneration and social security | 45 | €26,253 | €3,595 | -€22,658 | -86.3% |
| Taxes | 450/3 | €13,858 | €3,595 | -€10,263 | -74.1% |
| Remuneration and social security | 454/9 | €12,395 | - | -€12,395 | |
| Other amounts payable | 47/48 | €37,783 | €30,381 | -€7,402 | -19.6% |
| Accrued charges and deferred income | 492/3 | €21,887 | €225 | -€21,662 | -99.0% |
| Remuneration, social security and pensions | 62 | - | €195 | +€195 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,421 | €7,143 | -€9,278 | -56.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €1,245 | +€1,245 | |
| Other operating charges | 640/8 | €571 | - | -€571 | |
| Gross operating margin | 9900 | -€23,018 | -€753 | +€22,265 | +96.7% |
| Operating profit (loss) | 9901 | -€40,010 | -€9,336 | +€30,674 | +76.7% |
| Financial income | 75/76B | €36 | €5 | -€31 | -86.1% |
| Recurring financial income | 75 | €36 | €5 | -€31 | -86.1% |
| Financial charges | 65/66B | €896 | €4,403 | +€3,507 | +391.4% |
| Recurring financial charges | 65 | €896 | €4,403 | +€3,507 | +391.4% |
| Profit (loss) for the period before taxes | 9903 | -€40,870 | -€13,734 | +€27,136 | +66.4% |
| Income taxes | 67/77 | €597 | €552 | -€45 | -7.5% |
| Profit (loss) for the period | 9904 | -€41,467 | -€14,286 | +€27,181 | +65.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,467 | -€14,286 | +€27,181 | +65.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.