Smart Papaya: 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 Papaya
Largest movements
- Financial fixed assets -€69,994
down €69,994 (-100.0%), from €69,995 to €1
- Receivables within one year +€19,982
up €19,982 (+78.4%), from €25,498 to €45,480
of which Trade receivables: +€17,252
- Deferred charges and accrued income -€4,200
no longer reported in 2026 (was €4,200)
- Cash -€3,905
down €3,905 (-59.6%), from €6,548 to €2,643
mainly Net result for the year (-€52,953) and Receivables within one year (-€19,982)
- Tangible fixed assets -€1,432
down €1,432 (-40.4%), from €3,549 to €2,117
of which Other tangible fixed assets: -€884
- Profit (loss) carried forward -€52,953
down €52,953, from €10,458 to -€42,496
- Other debts -€12,844
down €12,844 (-99.0%), from €12,973 to €129
- Tax, wage and social debts +€3,004
up €3,004 (+43.0%), from €6,984 to €9,988
- Trade debts +€2,876
up €2,876 (+49.9%), from €5,759 to €8,635
- Financial charges +€70,451
up €70,451 (+2,270%), from €3,103 to €73,553
of which Non-recurring financial charges: +€69,994
- Gross operating margin -€2,112
down €2,112 (-6.7%), from €31,316 to €29,203
- Taxes +€1,792
up €1,792 (+40.6%), from €4,415 to €6,208
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €109,791 | €50,241 | -€59,550 | -54.2% |
| Fixed assets | 21/28 | €73,544 | €2,118 | -€71,426 | -97.1% |
| Tangible fixed assets | 22/27 | €3,549 | €2,117 | -€1,432 | -40.4% |
| Plant, machinery and equipment | 23 | €2,520 | €1,972 | -€549 | -21.8% |
| Other tangible fixed assets | 26 | €1,029 | €145 | -€884 | -85.9% |
| Financial fixed assets | 28 | €69,995 | €1 | -€69,994 | -100.0% |
| Current assets | 29/58 | €36,247 | €48,123 | +€11,876 | +32.8% |
| Amounts receivable within one year | 40/41 | €25,498 | €45,480 | +€19,982 | +78.4% |
| Trade receivables | 40 | €25,498 | €42,750 | +€17,252 | +67.7% |
| Other amounts receivable | 41 | - | €2,730 | +€2,730 | |
| Cash at bank and in hand | 54/58 | €6,548 | €2,643 | -€3,905 | -59.6% |
| Deferred charges and accrued income | 490/1 | €4,200 | - | -€4,200 | |
| Total equity and liabilities | 10/49 | €109,791 | €50,241 | -€59,550 | -54.2% |
| Equity | 10/15 | €48,708 | -€4,246 | -€52,953 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,650 | €19,650 | = | 0.0% |
| Distributable reserves | 133 | €19,650 | €19,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,458 | -€42,496 | -€52,953 | |
| Amounts payable | 17/49 | €61,083 | €54,487 | -€6,596 | -10.8% |
| Amounts payable after more than one year | 17 | €35,368 | €35,735 | +€368 | +1.0% |
| Financial debts | 170/4 | €35,368 | €35,735 | +€368 | +1.0% |
| Amounts payable within one year | 42/48 | €25,716 | €18,752 | -€6,964 | -27.1% |
| Trade debts | 44 | €5,759 | €8,635 | +€2,876 | +49.9% |
| Suppliers | 440/4 | €5,759 | €8,635 | +€2,876 | +49.9% |
| Taxes, remuneration and social security | 45 | €6,984 | €9,988 | +€3,004 | +43.0% |
| Taxes | 450/3 | €6,984 | €9,988 | +€3,004 | +43.0% |
| Other amounts payable | 47/48 | €12,973 | €129 | -€12,844 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,741 | €1,432 | -€308 | -17.7% |
| Other operating charges | 640/8 | €1,197 | €963 | -€234 | -19.5% |
| Gross operating margin | 9900 | €31,316 | €29,203 | -€2,112 | -6.7% |
| Operating profit (loss) | 9901 | €28,378 | €26,808 | -€1,570 | -5.5% |
| Financial charges | 65/66B | €3,103 | €73,553 | +€70,451 | +2,270% |
| Recurring financial charges | 65 | €3,103 | €3,560 | +€457 | +14.7% |
| Non-recurring financial charges | 66B | - | €69,994 | +€69,994 | |
| Profit (loss) for the period before taxes | 9903 | €25,275 | -€46,746 | -€72,021 | |
| Income taxes | 67/77 | €4,415 | €6,208 | +€1,792 | +40.6% |
| Profit (loss) for the period | 9904 | €20,860 | -€52,953 | -€73,813 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,860 | -€52,953 | -€73,813 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.