SMART TEAM V: 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 TEAM V
Largest movements
- Receivables within one year +€56,064
up €56,064 (+100%), from €56,058 to €112,122
of which Other amounts receivable: +€79,375
- Cash -€28,433
down €28,433 (-80.1%), from €35,488 to €7,056
mainly Receivables within one year (-€56,064) and Tax, wage and social debts (-€966)
- Tangible fixed assets -€20,520
down €20,520 (-87.6%), from €23,426 to €2,906
- Profit (loss) carried forward +€6,580
up €6,580 (+7.1%), from €93,330 to €99,910
- Trade debts +€1,497
up €1,497 (+5.9%), from €25,498 to €26,995
- Turnover -€565,439
down €565,439 (-54.8%), from €1.0m to €466,901
- Purchases and services -€546,919
down €546,919 (-55.3%), from €988,514 to €441,595
- Gross operating margin -€18,399
down €18,399 (-38.7%), from €47,565 to €29,166
- Depreciation -€16,053
down €16,053 (-43.9%), from €36,573 to €20,520
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 | €123,973 | €131,083 | +€7,111 | +5.7% |
| Fixed assets | 21/28 | €23,426 | €2,906 | -€20,520 | -87.6% |
| Tangible fixed assets | 22/27 | €23,426 | €2,906 | -€20,520 | -87.6% |
| Furniture and vehicles | 24 | €23,426 | €2,906 | -€20,520 | -87.6% |
| Current assets | 29/58 | €100,546 | €128,178 | +€27,631 | +27.5% |
| Amounts receivable after more than one year | 29 | €9,000 | €9,000 | = | 0.0% |
| Other amounts receivable | 291 | €9,000 | €9,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €56,058 | €112,122 | +€56,064 | +100% |
| Trade receivables | 40 | €46,903 | €23,591 | -€23,311 | -49.7% |
| Other amounts receivable | 41 | €9,156 | €88,531 | +€79,375 | +867% |
| Cash at bank and in hand | 54/58 | €35,488 | €7,056 | -€28,433 | -80.1% |
| Total equity and liabilities | 10/49 | €123,973 | €131,083 | +€7,111 | +5.7% |
| Equity | 10/15 | €94,830 | €101,410 | +€6,580 | +6.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Capital | 10 | - | €1,500 | +€1,500 | |
| Issued capital | 100 | - | €1,500 | +€1,500 | |
| Profit (loss) carried forward | 14 | €93,330 | €99,910 | +€6,580 | +7.1% |
| Amounts payable | 17/49 | €29,143 | €29,674 | +€531 | +1.8% |
| Amounts payable within one year | 42/48 | €29,143 | €29,674 | +€531 | +1.8% |
| Trade debts | 44 | €25,498 | €26,995 | +€1,497 | +5.9% |
| Suppliers | 440/4 | €25,498 | €26,995 | +€1,497 | +5.9% |
| Taxes, remuneration and social security | 45 | €3,645 | €2,679 | -€966 | -26.5% |
| Taxes | 450/3 | €3,645 | €2,679 | -€966 | -26.5% |
| Turnover | 70 | €1,032,340 | €466,901 | -€565,439 | -54.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €988,514 | €441,595 | -€546,919 | -55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,573 | €20,520 | -€16,053 | -43.9% |
| Other operating charges | 640/8 | €196 | - | -€196 | |
| Gross operating margin | 9900 | €47,565 | €29,166 | -€18,399 | -38.7% |
| Operating profit (loss) | 9901 | €10,797 | €8,646 | -€2,151 | -19.9% |
| Financial charges | 65/66B | €112 | €117 | +€4 | +3.9% |
| Recurring financial charges | 65 | €112 | €117 | +€4 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €10,685 | €8,529 | -€2,155 | -20.2% |
| Income taxes | 67/77 | €3,645 | €1,950 | -€1,695 | -46.5% |
| Profit (loss) for the period | 9904 | €7,040 | €6,580 | -€460 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,040 | €6,580 | -€460 | -6.5% |
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 25 October 2026 via checked.be.