Smart Pictures: 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 Pictures
Largest movements
- Cash +€6,437
up €6,437 (+48.9%), from €13,160 to €19,597
mainly Net result for the year (+€2,830) and Depreciation (+€2,703)
- Tangible fixed assets -€2,703
down €2,703 (-29.0%), from €9,306 to €6,604
of which Plant, machinery and equipment: -€1,772
- Receivables within one year -€1,524
down €1,524 (-88.4%), from €1,724 to €200
- Stocks and contracts -€1,051
down €1,051 (-66.6%), from €1,577 to €526
- Profit (loss) carried forward +€2,830
up €2,830 (+21.3%), from €13,298 to €16,128
- Other debts -€1,682
down €1,682 (-73.1%), from €2,301 to €619
- Trade debts +€893
up €893 (+696%), from €128 to €1,021
- Tax, wage and social debts -€882
down €882 (-27.4%), from €3,220 to €2,338
- Gross operating margin +€8,644
up €8,644, from -€2,055 to €6,590
- Depreciation -€553
down €553 (-17.0%), from €3,256 to €2,703
- Financial charges -€187
down €187 (-29.0%), from €644 to €457
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.
Derived cash bridge
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 | €25,767 | €26,926 | +€1,159 | +4.5% |
| Fixed assets | 21/28 | €9,306 | €6,604 | -€2,703 | -29.0% |
| Tangible fixed assets | 22/27 | €9,306 | €6,604 | -€2,703 | -29.0% |
| Land and buildings | 22 | €1,678 | €1,403 | -€275 | -16.4% |
| Plant, machinery and equipment | 23 | €5,323 | €3,551 | -€1,772 | -33.3% |
| Furniture and vehicles | 24 | €2,305 | €1,650 | -€655 | -28.4% |
| Current assets | 29/58 | €16,461 | €20,322 | +€3,861 | +23.5% |
| Stocks and contracts in progress | 3 | €1,577 | €526 | -€1,051 | -66.6% |
| Stocks | 30/36 | €1,577 | €526 | -€1,051 | -66.6% |
| Amounts receivable within one year | 40/41 | €1,724 | €200 | -€1,524 | -88.4% |
| Trade receivables | 40 | €1,724 | €200 | -€1,524 | -88.4% |
| Cash at bank and in hand | 54/58 | €13,160 | €19,597 | +€6,437 | +48.9% |
| Total equity and liabilities | 10/49 | €25,767 | €26,926 | +€1,159 | +4.5% |
| Equity | 10/15 | €20,118 | €22,948 | +€2,830 | +14.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,298 | €16,128 | +€2,830 | +21.3% |
| Amounts payable | 17/49 | €5,649 | €3,978 | -€1,671 | -29.6% |
| Amounts payable within one year | 42/48 | €5,649 | €3,978 | -€1,671 | -29.6% |
| Trade debts | 44 | €128 | €1,021 | +€893 | +696% |
| Suppliers | 440/4 | €128 | €1,021 | +€893 | +696% |
| Taxes, remuneration and social security | 45 | €3,220 | €2,338 | -€882 | -27.4% |
| Taxes | 450/3 | €3,220 | €2,338 | -€882 | -27.4% |
| Other amounts payable | 47/48 | €2,301 | €619 | -€1,682 | -73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,256 | €2,703 | -€553 | -17.0% |
| Other operating charges | 640/8 | €449 | €470 | +€20 | +4.5% |
| Gross operating margin | 9900 | -€2,055 | €6,590 | +€8,644 | |
| Operating profit (loss) | 9901 | -€5,760 | €3,417 | +€9,177 | |
| Financial income | 75/76B | €16 | €11 | -€5 | -32.1% |
| Recurring financial income | 75 | €16 | €11 | -€5 | -32.1% |
| Financial charges | 65/66B | €644 | €457 | -€187 | -29.0% |
| Recurring financial charges | 65 | €644 | €457 | -€187 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,388 | €2,971 | +€9,359 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€6,527 | €2,830 | +€9,357 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,527 | €2,830 | +€9,357 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.