SMART SYMBOLS: 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 SYMBOLS
Largest movements
- Cash +€187,903
up €187,903 (+8,905,343%), from €2 to €187,905
mainly Contributions, distributions and other (+€715,268) and Depreciation (+€27,608)
- Intangible fixed assets +€83,466
up €83,466 (+42.0%), from €198,759 to €282,225
- Receivables within one year +€27,213
up €27,213 (+372%), from €7,309 to €34,522
of which Other amounts receivable: +€15,731
- Deferred charges and accrued income -€6,818
down €6,818 (-100%), from €6,818 to €0
- Contributions +€415,268
up €415,268 (+437%), from €95,051 to €510,318
- Debts after one year -€160,000
down €160,000 (-51.6%), from €310,000 to €150,000
- Profit (loss) carried forward +€29,840
up €29,840 (+9.5%), from -€313,650 to -€283,810
- Tax, wage and social debts +€12,675
up €12,675 (+94.6%), from €13,392 to €26,067
of which Remuneration and social security: +€10,295
- Short-term financial debts -€10,362
down €10,362 (-100%), from €10,362 to €0
- Gross operating margin -€112,473
down €112,473 (-346%), from -€32,530 to -€145,003
- Staff costs +€37,573
up €37,573 (+76.5%), from €49,115 to €86,688
- Depreciation +€9,950
up €9,950 (+56.3%), from €17,658 to €27,608
- Financial income +€1,549
up €1,549 (+3,614%), from €43 to €1,592
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 | €212,887 | €504,651 | +€291,764 | +137% |
| Fixed assets | 21/28 | €198,759 | €282,225 | +€83,466 | +42.0% |
| Intangible fixed assets | 21 | €198,759 | €282,225 | +€83,466 | +42.0% |
| Current assets | 29/58 | €14,129 | €222,427 | +€208,298 | +1,474% |
| Amounts receivable within one year | 40/41 | €7,309 | €34,522 | +€27,213 | +372% |
| Trade receivables | 40 | €5,029 | €16,511 | +€11,483 | +228% |
| Other amounts receivable | 41 | €2,280 | €18,010 | +€15,731 | +690% |
| Cash at bank and in hand | 54/58 | €2 | €187,905 | +€187,903 | +8,905,343% |
| Deferred charges and accrued income | 490/1 | €6,818 | €0 | -€6,818 | -100% |
| Total equity and liabilities | 10/49 | €212,887 | €504,651 | +€291,764 | +137% |
| Equity | 10/15 | -€218,600 | €226,509 | +€445,108 | |
| Contributions | 10/11 | €95,051 | €510,318 | +€415,268 | +437% |
| Profit (loss) carried forward | 14 | -€313,650 | -€283,810 | +€29,840 | +9.5% |
| Amounts payable | 17/49 | €431,487 | €278,143 | -€153,344 | -35.5% |
| Amounts payable after more than one year | 17 | €310,000 | €150,000 | -€160,000 | -51.6% |
| Financial debts | 170/4 | €310,000 | €150,000 | -€160,000 | -51.6% |
| Amounts payable within one year | 42/48 | €110,323 | €113,143 | +€2,820 | +2.6% |
| Financial debts | 43 | €10,362 | €0 | -€10,362 | -100% |
| Credit institutions | 430/8 | €10,362 | €0 | -€10,362 | -100% |
| Trade debts | 44 | €82,546 | €80,049 | -€2,497 | -3.0% |
| Suppliers | 440/4 | €82,546 | €80,049 | -€2,497 | -3.0% |
| Taxes, remuneration and social security | 45 | €13,392 | €26,067 | +€12,675 | +94.6% |
| Taxes | 450/3 | €1,460 | €3,839 | +€2,380 | +163% |
| Remuneration and social security | 454/9 | €11,933 | €22,228 | +€10,295 | +86.3% |
| Other amounts payable | 47/48 | €4,022 | €7,026 | +€3,005 | +74.7% |
| Accrued charges and deferred income | 492/3 | €11,164 | €15,000 | +€3,836 | +34.4% |
| Remuneration, social security and pensions | 62 | €49,115 | €86,688 | +€37,573 | +76.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,658 | €27,608 | +€9,950 | +56.3% |
| Other operating charges | 640/8 | €810 | €400 | -€410 | -50.6% |
| Gross operating margin | 9900 | -€32,530 | -€145,003 | -€112,473 | -346% |
| Operating profit (loss) | 9901 | -€100,113 | -€259,699 | -€159,586 | -159% |
| Financial income | 75/76B | €43 | €1,592 | +€1,549 | +3,614% |
| Recurring financial income | 75 | €43 | €1,592 | +€1,549 | +3,614% |
| Financial charges | 65/66B | €13,363 | €12,053 | -€1,310 | -9.8% |
| Recurring financial charges | 65 | €13,363 | €12,053 | -€1,310 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€113,433 | -€270,160 | -€156,726 | -138% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€113,433 | -€270,160 | -€156,726 | -138% |
| Profit (loss) for the period to be appropriated | 9905 | -€113,433 | -€270,160 | -€156,726 | -138% |
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 27 October 2026 via checked.be.