SMART PEOPLE ONLY: what changed
SMART PEOPLE ONLY
Largest movements
- Cash +€31,018
up €31,018 (+29.8%), from €104,194 to €135,212
mainly Net result for the year (+€45,243) and Other debts (+€14,280)
- Receivables within one year +€15,177
up €15,177 (+54.6%), from €27,778 to €42,955
of which Trade receivables: +€23,636
- Tangible fixed assets -€3,975
down €3,975 (-14.8%), from €26,784 to €22,809
of which Furniture and vehicles: -€3,245
- Reserves +€97,069
up €97,069 (+134%), from €72,545 to €169,614
of which Distributable reserves: +€97,069
- Profit (loss) carried forward -€73,005
no longer reported in 2025 (was €73,005)
- Other debts +€14,280
up €14,280 (+87.1%), from €16,398 to €30,679
- Tax, wage and social debts +€4,733
up €4,733 (+48.5%), from €9,749 to €14,481
of which Taxes: +€8,733
- Trade debts -€2,251
down €2,251 (-86.7%), from €2,595 to €345
- Gross operating margin +€83,884
up €83,884, from -€16,535 to €67,349
- Taxes +€14,344
up €14,344 (+4,352%), from €330 to €14,674
- Depreciation +€1,402
up €1,402 (+24.2%), from €5,783 to €7,185
- Financial income -€931
down €931 (-72.4%), from €1,286 to €355
of which Financial income: -€704
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €180,813 | €221,324 | +€40,511 | +22.4% |
| Fixed assets | 21/28 | €29,309 | €25,334 | -€3,975 | -13.6% |
| Tangible fixed assets | 22/27 | €26,784 | €22,809 | -€3,975 | -14.8% |
| Plant, machinery and equipment | 23 | €4,906 | €4,176 | -€730 | -14.9% |
| Furniture and vehicles | 24 | €21,878 | €18,634 | -€3,245 | -14.8% |
| Financial fixed assets | 28 | €2,525 | €2,525 | = | 0.0% |
| Current assets | 29/58 | €151,504 | €195,990 | +€44,486 | +29.4% |
| Amounts receivable within one year | 40/41 | €27,778 | €42,955 | +€15,177 | +54.6% |
| Trade receivables | 40 | €14,280 | €37,916 | +€23,636 | +166% |
| Other amounts receivable | 41 | €13,498 | €5,038 | -€8,459 | -62.7% |
| Cash at bank and in hand | 54/58 | €104,194 | €135,212 | +€31,018 | +29.8% |
| Deferred charges and accrued income | 490/1 | €19,532 | €17,823 | -€1,709 | -8.7% |
| Total equity and liabilities | 10/49 | €180,813 | €221,324 | +€40,511 | +22.4% |
| Equity | 10/15 | €151,755 | €175,819 | +€24,064 | +15.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €72,545 | €169,614 | +€97,069 | +134% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €70,685 | €167,754 | +€97,069 | +137% |
| Profit (loss) carried forward | 14 | €73,005 | - | -€73,005 | |
| Amounts payable | 17/49 | €29,058 | €45,504 | +€16,447 | +56.6% |
| Amounts payable within one year | 42/48 | €28,742 | €45,504 | +€16,762 | +58.3% |
| Trade debts | 44 | €2,595 | €345 | -€2,251 | -86.7% |
| Suppliers | 440/4 | €2,595 | €345 | -€2,251 | -86.7% |
| Taxes, remuneration and social security | 45 | €9,749 | €14,481 | +€4,733 | +48.5% |
| Taxes | 450/3 | €5,749 | €14,481 | +€8,733 | +152% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €16,398 | €30,679 | +€14,280 | +87.1% |
| Accrued charges and deferred income | 492/3 | €315 | - | -€315 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,783 | €7,185 | +€1,402 | +24.2% |
| Other operating charges | 640/8 | €410 | €462 | +€52 | +12.6% |
| Non-recurring operating charges | 66A | €195 | €72 | -€123 | -63.0% |
| Gross operating margin | 9900 | -€16,535 | €67,349 | +€83,884 | |
| Operating profit (loss) | 9901 | -€22,924 | €59,630 | +€82,554 | |
| Financial income | 75/76B | €1,286 | €355 | -€931 | -72.4% |
| Recurring financial income | 75 | €1,059 | €355 | -€704 | -66.5% |
| Non-recurring financial income | 76B | €227 | - | -€227 | |
| Financial charges | 65/66B | €108 | €68 | -€40 | -37.2% |
| Recurring financial charges | 65 | €108 | €68 | -€40 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | -€21,746 | €59,917 | +€81,663 | |
| Income taxes | 67/77 | €330 | €14,674 | +€14,344 | +4,352% |
| Profit (loss) for the period | 9904 | -€22,075 | €45,243 | +€67,318 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,075 | €45,243 | +€67,318 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.