SMART SCP: 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 SCP
Largest movements
- Cash +€93,967
up €93,967 (+85.7%), from €109,604 to €203,571
mainly Net result for the year (+€70,065) and Tax, wage and social debts (+€25,213)
- Profit (loss) carried forward +€68,399
up €68,399 (+73.5%), from €93,078 to €161,477
- Tax, wage and social debts +€25,213
up €25,213 (+86.0%), from €29,333 to €54,546
- Gross operating margin -€32,023
down €32,023 (-26.2%), from €122,037 to €90,014
- Taxes -€7,281
down €7,281 (-28.0%), from €26,044 to €18,763
- Financial income +€1,749
up €1,749 (+3311.9%), from €53 to €1,802
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
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 | €128,644 | €224,753 | +€96,109 | +74.7% |
| Fixed assets | 21/28 | €2,248 | €1,764 | -€484 | -21.5% |
| Tangible fixed assets | 22/27 | €2,193 | €1,709 | -€484 | -22.0% |
| Plant, machinery and equipment | 23 | €2,193 | €1,709 | -€484 | -22.0% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €126,396 | €222,989 | +€96,593 | +76.4% |
| Amounts receivable within one year | 40/41 | €15,942 | €16,936 | +€994 | +6.2% |
| Trade receivables | 40 | €15,942 | €16,934 | +€992 | +6.2% |
| Other amounts receivable | 41 | - | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €109,604 | €203,571 | +€93,967 | +85.7% |
| Deferred charges and accrued income | 490/1 | €850 | €2,481 | +€1,632 | +192.0% |
| Total equity and liabilities | 10/49 | €128,644 | €224,753 | +€96,109 | +74.7% |
| Equity | 10/15 | €96,078 | €164,477 | +€68,399 | +71.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,078 | €161,477 | +€68,399 | +73.5% |
| Amounts payable | 17/49 | €32,565 | €60,276 | +€27,710 | +85.1% |
| Amounts payable within one year | 42/48 | €32,565 | €60,276 | +€27,710 | +85.1% |
| Trade debts | 44 | €2,912 | €4,242 | +€1,331 | +45.7% |
| Suppliers | 440/4 | €2,912 | €4,242 | +€1,331 | +45.7% |
| Taxes, remuneration and social security | 45 | €29,333 | €54,546 | +€25,213 | +86.0% |
| Taxes | 450/3 | €29,333 | €54,546 | +€25,213 | +86.0% |
| Other amounts payable | 47/48 | €321 | €1,487 | +€1,166 | +363.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €225 | €484 | +€259 | +115.3% |
| Other operating charges | 640/8 | €477 | €400 | -€78 | -16.3% |
| Gross operating margin | 9900 | €122,037 | €90,014 | -€32,023 | -26.2% |
| Operating profit (loss) | 9901 | €121,335 | €89,131 | -€32,204 | -26.5% |
| Financial income | 75/76B | €53 | €1,802 | +€1,749 | +3311.9% |
| Recurring financial income | 75 | €53 | €1,802 | +€1,749 | +3311.9% |
| Financial charges | 65/66B | €1,466 | €2,105 | +€639 | +43.6% |
| Recurring financial charges | 65 | €1,466 | €2,105 | +€639 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | €119,922 | €88,828 | -€31,094 | -25.9% |
| Income taxes | 67/77 | €26,044 | €18,763 | -€7,281 | -28.0% |
| Profit (loss) for the period | 9904 | €93,878 | €70,065 | -€23,813 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €93,878 | €70,065 | -€23,813 | -25.4% |
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.