Smart Plan: 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 Plan
Largest movements
- Receivables within one year +€267,306
up €267,306 (+744%), from €35,916 to €303,223
of which Trade receivables: +€257,878
- Tangible fixed assets -€10,445
down €10,445 (-45.5%), from €22,956 to €12,511
of which Furniture and vehicles: -€10,335
- Profit (loss) carried forward +€199,760
no longer reported in 2025 (was -€199,760)
- Reserves +€32,697
up €32,697 (+2,026%), from €1,614 to €34,311
of which Distributable reserves: +€30,908
- Other debts +€24,173
up €24,173 (+2,923%), from €827 to €25,000
- Tax, wage and social debts +€12,370
up €12,370 (+815%), from €1,519 to €13,888
of which Taxes: +€8,870
- Debts after one year -€7,162
down €7,162 (-74.8%), from €9,571 to €2,409
- Gross operating margin +€283,708
up €283,708 (+1,388%), from €20,434 to €304,142
- Turnover -€151,772
no longer reported in 2025 (was €151,772)
- Purchases and services -€131,338
no longer reported in 2025 (was €131,338)
- Taxes +€39,229
up €39,229 (+4,566%), from €859 to €40,088
- Other operating charges -€4,948
down €4,948 (-18.6%), from €26,564 to €21,617
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 | €127,404 | €383,216 | +€255,812 | +201% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €23,071 | €12,626 | -€10,445 | -45.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €22,956 | €12,511 | -€10,445 | -45.5% |
| Plant, machinery and equipment | 23 | €331 | €221 | -€110 | -33.3% |
| Furniture and vehicles | 24 | €22,625 | €12,290 | -€10,335 | -45.7% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €104,333 | €370,590 | +€266,257 | +255% |
| Amounts receivable within one year | 40/41 | €35,916 | €303,223 | +€267,306 | +744% |
| Trade receivables | 40 | €35,916 | €293,794 | +€257,878 | +718% |
| Other amounts receivable | 41 | €0 | €9,429 | +€9,429 | |
| Cash at bank and in hand | 54/58 | €68,417 | €67,367 | -€1,049 | -1.5% |
| Total equity and liabilities | 10/49 | €127,404 | €383,216 | +€255,812 | +201% |
| Equity | 10/15 | €101,854 | €334,311 | +€232,457 | +228% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €1,614 | €34,311 | +€32,697 | +2,026% |
| Non-distributable reserves | 130/1 | €1,614 | €3,403 | +€1,789 | +111% |
| Legal reserve | 130 | €1,614 | €3,403 | +€1,789 | +111% |
| Distributable reserves | 133 | - | €30,908 | +€30,908 | |
| Profit (loss) carried forward | 14 | -€199,760 | - | +€199,760 | |
| Amounts payable | 17/49 | €25,550 | €48,905 | +€23,354 | +91.4% |
| Amounts payable after more than one year | 17 | €9,571 | €2,409 | -€7,162 | -74.8% |
| Financial debts | 170/4 | €9,571 | €2,409 | -€7,162 | -74.8% |
| Amounts payable within one year | 42/48 | €15,980 | €46,495 | +€30,516 | +191% |
| Current portion of amounts payable after more than one year | 42 | €7,063 | €7,162 | +€98 | +1.4% |
| Trade debts | 44 | €6,571 | €445 | -€6,125 | -93.2% |
| Suppliers | 440/4 | €6,571 | €445 | -€6,125 | -93.2% |
| Taxes, remuneration and social security | 45 | €1,519 | €13,888 | +€12,370 | +815% |
| Taxes | 450/3 | €1,519 | €10,388 | +€8,870 | +584% |
| Remuneration and social security | 454/9 | - | €3,500 | +€3,500 | |
| Other amounts payable | 47/48 | €827 | €25,000 | +€24,173 | +2,923% |
| Turnover | 70 | €151,772 | - | -€151,772 | |
| Goods, raw materials, services and sundry goods | 60/61 | €131,338 | - | -€131,338 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,552 | €10,445 | -€107 | -1.0% |
| Other operating charges | 640/8 | €26,564 | €21,617 | -€4,948 | -18.6% |
| Gross operating margin | 9900 | €20,434 | €304,142 | +€283,708 | +1,388% |
| Operating profit (loss) | 9901 | -€16,682 | €272,080 | +€288,762 | |
| Financial income | 75/76B | €848 | €696 | -€152 | -18.0% |
| Recurring financial income | 75 | €848 | €696 | -€152 | -18.0% |
| Financial charges | 65/66B | €365 | €230 | -€135 | -36.9% |
| Recurring financial charges | 65 | €365 | €230 | -€135 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,199 | €272,545 | +€288,745 | |
| Income taxes | 67/77 | €859 | €40,088 | +€39,229 | +4,566% |
| Profit (loss) for the period | 9904 | -€17,058 | €232,457 | +€249,516 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,058 | €232,457 | +€249,516 |
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 28 October 2026 via checked.be.