SMART MOVES: 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 MOVES
Largest movements
- Receivables within one year -€616
down €616 (-79.8%), from €771 to €156
- Tangible fixed assets -€414
down €414 (-65.9%), from €628 to €214
of which Furniture and vehicles: -€414
- Other debts +€10,087
up €10,087 (+28.6%), from €35,278 to €45,365
- Profit (loss) carried forward -€6,458
down €6,458 (-8.8%), from -€73,543 to -€80,001
- Trade debts -€4,530
down €4,530 (-99.6%), from €4,550 to €20
- Short-term financial debts -€128
down €128 (-2.6%), from €4,848 to €4,719
- Gross operating margin +€3,753
up €3,753 (+46.6%), from -€8,063 to -€4,309
- Financial charges +€117
up €117 (+17.0%), from €689 to €806
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,435 | €2,406 | -€1,030 | -30.0% |
| Fixed assets | 21/28 | €2,622 | €2,207 | -€414 | -15.8% |
| Tangible fixed assets | 22/27 | €628 | €214 | -€414 | -65.9% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €628 | €214 | -€414 | -65.9% |
| Financial fixed assets | 28 | €1,993 | €1,993 | = | 0.0% |
| Current assets | 29/58 | €814 | €198 | -€616 | -75.6% |
| Amounts receivable within one year | 40/41 | €771 | €156 | -€616 | -79.8% |
| Other amounts receivable | 41 | €771 | €156 | -€616 | -79.8% |
| Deferred charges and accrued income | 490/1 | €43 | €43 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,435 | €2,406 | -€1,030 | -30.0% |
| Equity | 10/15 | -€55,241 | -€61,699 | -€6,458 | -11.7% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €2,102 | €2,102 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,051 | €1,051 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,051 | €1,051 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,051 | €1,051 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,543 | -€80,001 | -€6,458 | -8.8% |
| Amounts payable | 17/49 | €58,676 | €64,104 | +€5,428 | +9.3% |
| Amounts payable within one year | 42/48 | €58,676 | €64,104 | +€5,428 | +9.3% |
| Financial debts | 43 | €4,848 | €4,719 | -€128 | -2.6% |
| Credit institutions | 430/8 | €4,848 | €4,719 | -€128 | -2.6% |
| Trade debts | 44 | €4,550 | €20 | -€4,530 | -99.6% |
| Suppliers | 440/4 | €4,550 | €20 | -€4,530 | -99.6% |
| Taxes, remuneration and social security | 45 | €14,000 | €14,000 | = | 0.0% |
| Remuneration and social security | 454/9 | €14,000 | €14,000 | = | 0.0% |
| Other amounts payable | 47/48 | €35,278 | €45,365 | +€10,087 | +28.6% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €414 | €414 | = | 0.0% |
| Other operating charges | 640/8 | €896 | €928 | +€32 | +3.5% |
| Gross operating margin | 9900 | -€8,063 | -€4,309 | +€3,753 | +46.6% |
| Operating profit (loss) | 9901 | -€9,373 | -€5,652 | +€3,721 | +39.7% |
| Financial charges | 65/66B | €689 | €806 | +€117 | +17.0% |
| Recurring financial charges | 65 | €689 | €806 | +€117 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,062 | -€6,458 | +€3,604 | +35.8% |
| Profit (loss) for the period | 9904 | -€10,062 | -€6,458 | +€3,604 | +35.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,062 | -€6,458 | +€3,604 | +35.8% |
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 7 October 2026 via checked.be.