Smart Visions: 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 Visions
Largest movements
- Cash -€22,754
down €22,754 (-62.8%), from €36,219 to €13,465
mainly Other debts (-€35,403) and Receivables within one year (-€21,506)
- Receivables within one year +€21,506
up €21,506 (+74.9%), from €28,710 to €50,216
of which Other amounts receivable: +€21,904
- Tangible fixed assets -€9,947
down €9,947 (-33.3%), from €29,882 to €19,935
- Other debts -€35,403
down €35,403 (-95.3%), from €37,141 to €1,739
- Reserves +€17,766
up €17,766 (+48.8%), from €36,409 to €54,175
- Tax, wage and social debts +€10,905
up €10,905 (+105%), from €10,353 to €21,258
- Trade debts -€4,027
down €4,027 (-42.4%), from €9,488 to €5,460
- Gross operating margin -€11,392
down €11,392 (-22.6%), from €50,453 to €39,062
- Depreciation +€7,908
up €7,908 (+388%), from €2,039 to €9,947
- Taxes -€2,008
down €2,008 (-21.5%), from €9,334 to €7,326
- Financial charges +€1,293
up €1,293 (+58.5%), from €2,209 to €3,502
- Other operating charges +€763
up €763 (+165%), from €462 to €1,225
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 | €96,391 | €85,632 | -€10,759 | -11.2% |
| Fixed assets | 21/28 | €29,882 | €19,935 | -€9,947 | -33.3% |
| Tangible fixed assets | 22/27 | €29,882 | €19,935 | -€9,947 | -33.3% |
| Furniture and vehicles | 24 | €29,882 | €19,935 | -€9,947 | -33.3% |
| Current assets | 29/58 | €66,509 | €65,697 | -€812 | -1.2% |
| Amounts receivable within one year | 40/41 | €28,710 | €50,216 | +€21,506 | +74.9% |
| Trade receivables | 40 | €20,521 | €20,124 | -€398 | -1.9% |
| Other amounts receivable | 41 | €8,188 | €30,092 | +€21,904 | +268% |
| Cash at bank and in hand | 54/58 | €36,219 | €13,465 | -€22,754 | -62.8% |
| Deferred charges and accrued income | 490/1 | €1,580 | €2,016 | +€436 | +27.6% |
| Total equity and liabilities | 10/49 | €96,391 | €85,632 | -€10,759 | -11.2% |
| Equity | 10/15 | €39,409 | €57,175 | +€17,766 | +45.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €36,409 | €54,175 | +€17,766 | +48.8% |
| Distributable reserves | 133 | €36,409 | €54,175 | +€17,766 | +48.8% |
| Amounts payable | 17/49 | €56,982 | €28,457 | -€28,525 | -50.1% |
| Amounts payable within one year | 42/48 | €56,982 | €28,457 | -€28,525 | -50.1% |
| Trade debts | 44 | €9,488 | €5,460 | -€4,027 | -42.4% |
| Suppliers | 440/4 | €9,488 | €5,460 | -€4,027 | -42.4% |
| Taxes, remuneration and social security | 45 | €10,353 | €21,258 | +€10,905 | +105% |
| Taxes | 450/3 | €10,353 | €21,258 | +€10,905 | +105% |
| Other amounts payable | 47/48 | €37,141 | €1,739 | -€35,403 | -95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,039 | €9,947 | +€7,908 | +388% |
| Other operating charges | 640/8 | €462 | €1,225 | +€763 | +165% |
| Gross operating margin | 9900 | €50,453 | €39,062 | -€11,392 | -22.6% |
| Operating profit (loss) | 9901 | €47,953 | €27,890 | -€20,063 | -41.8% |
| Financial income | 75/76B | - | €704 | +€704 | |
| Recurring financial income | 75 | - | €704 | +€704 | |
| Financial charges | 65/66B | €2,209 | €3,502 | +€1,293 | +58.5% |
| Recurring financial charges | 65 | €2,209 | €3,502 | +€1,293 | +58.5% |
| Profit (loss) for the period before taxes | 9903 | €45,744 | €25,092 | -€20,652 | -45.1% |
| Income taxes | 67/77 | €9,334 | €7,326 | -€2,008 | -21.5% |
| Profit (loss) for the period | 9904 | €36,409 | €17,766 | -€18,644 | -51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,409 | €17,766 | -€18,644 | -51.2% |
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 19 October 2026 via checked.be.