SmartBridge: 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.
SmartBridge
Largest movements
- Receivables after one year -€128,000
no longer reported in 2025 (was €128,000)
- Receivables within one year -€42,162
down €42,162 (-85.4%), from €49,389 to €7,227
of which Other amounts receivable: -€49,389
- Cash +€38,038
up €38,038 (+34.8%), from €109,227 to €147,265
mainly Receivables after one year (+€128,000) and Other debts (+€101,760)
- Profit (loss) carried forward -€273,472
down €273,472 (-99.4%), from €274,995 to €1,523
- Other debts +€101,760
new in 2025: €101,760
- Tax, wage and social debts +€42,129
up €42,129 (+174.5%), from €24,137 to €66,265
- Gross operating margin +€35,910
up €35,910 (+183.1%), from €19,616 to €55,526
- Taxes +€8,178
up €8,178 (+194.2%), from €4,211 to €12,390
- Financial income +€2,475
new in 2025: €2,475
- Depreciation +€676
up €676 (+39.8%), from €1,700 to €2,376
- Financial charges +€617
up €617 (+38.8%), from €1,589 to €2,206
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 | €307,107 | €175,567 | -€131,541 | -42.8% |
| Fixed assets | 21/28 | €12,621 | €14,996 | +€2,376 | +18.8% |
| Tangible fixed assets | 22/27 | €12,621 | €14,996 | +€2,376 | +18.8% |
| Plant, machinery and equipment | 23 | €512 | €404 | -€108 | -21.1% |
| Furniture and vehicles | 24 | €12,109 | €14,592 | +€2,483 | +20.5% |
| Current assets | 29/58 | €294,487 | €160,571 | -€133,916 | -45.5% |
| Amounts receivable after more than one year | 29 | €128,000 | - | -€128,000 | |
| Other amounts receivable | 291 | €128,000 | - | -€128,000 | |
| Amounts receivable within one year | 40/41 | €49,389 | €7,227 | -€42,162 | -85.4% |
| Trade receivables | 40 | - | €7,227 | +€7,227 | |
| Other amounts receivable | 41 | €49,389 | - | -€49,389 | |
| Cash at bank and in hand | 54/58 | €109,227 | €147,265 | +€38,038 | +34.8% |
| Deferred charges and accrued income | 490/1 | €7,870 | €6,079 | -€1,791 | -22.8% |
| Total equity and liabilities | 10/49 | €307,107 | €175,567 | -€131,541 | -42.8% |
| Equity | 10/15 | €275,995 | €2,523 | -€273,472 | -99.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €274,995 | €1,523 | -€273,472 | -99.4% |
| Amounts payable | 17/49 | €31,113 | €173,044 | +€141,931 | +456.2% |
| Amounts payable within one year | 42/48 | €31,113 | €173,044 | +€141,931 | +456.2% |
| Trade debts | 44 | €6,976 | €5,018 | -€1,958 | -28.1% |
| Suppliers | 440/4 | €6,976 | €5,018 | -€1,958 | -28.1% |
| Taxes, remuneration and social security | 45 | €24,137 | €66,265 | +€42,129 | +174.5% |
| Taxes | 450/3 | €24,137 | €66,265 | +€42,129 | +174.5% |
| Other amounts payable | 47/48 | - | €101,760 | +€101,760 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,700 | €2,376 | +€676 | +39.8% |
| Other operating charges | 640/8 | €516 | €501 | -€15 | -3.0% |
| Gross operating margin | 9900 | €19,616 | €55,526 | +€35,910 | +183.1% |
| Operating profit (loss) | 9901 | €17,400 | €52,649 | +€35,249 | +202.6% |
| Financial income | 75/76B | - | €2,475 | +€2,475 | |
| Recurring financial income | 75 | - | €2,475 | +€2,475 | |
| Financial charges | 65/66B | €1,589 | €2,206 | +€617 | +38.8% |
| Recurring financial charges | 65 | €1,589 | €2,206 | +€617 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | €15,811 | €52,918 | +€37,108 | +234.7% |
| Income taxes | 67/77 | €4,211 | €12,390 | +€8,178 | +194.2% |
| Profit (loss) for the period | 9904 | €11,599 | €40,528 | +€28,929 | +249.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,599 | €40,528 | +€28,929 | +249.4% |
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 9 October 2026 via checked.be.