SmartFin Advisory: 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.
SmartFin Advisory
Largest movements
- Cash +€8,214
up €8,214 (+12.8%), from €64,107 to €72,321
mainly Net result for the year (+€46,499) and Trade debts (+€7,380)
- Receivables within one year +€5,141
up €5,141 (+32.6%), from €15,769 to €20,910
of which Trade receivables: +€4,901
- Tangible fixed assets -€2,321
down €2,321 (-65.8%), from €3,526 to €1,205
- Trade debts +€7,380
up €7,380 (+502.5%), from €1,469 to €8,849
- Profit (loss) carried forward +€5,322
up €5,322 (+7.6%), from €70,126 to €75,448
- Tax, wage and social debts -€1,704
down €1,704 (-15.0%), from €11,344 to €9,640
of which Taxes: -€1,777
- Gross operating margin +€6,998
up €6,998 (+12.3%), from €57,107 to €64,104
- Other operating charges +€1,316
up €1,316 (+517.4%), from €254 to €1,571
- Financial charges +€1,019
up €1,019 (+548.5%), from €186 to €1,205
- Taxes -€653
down €653 (-5.1%), from €12,913 to €12,259
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 | €84,035 | €94,437 | +€10,403 | +12.4% |
| Fixed assets | 21/28 | €3,526 | €1,205 | -€2,321 | -65.8% |
| Tangible fixed assets | 22/27 | €3,526 | €1,205 | -€2,321 | -65.8% |
| Furniture and vehicles | 24 | €3,526 | €1,205 | -€2,321 | -65.8% |
| Current assets | 29/58 | €80,509 | €93,232 | +€12,723 | +15.8% |
| Amounts receivable within one year | 40/41 | €15,769 | €20,910 | +€5,141 | +32.6% |
| Trade receivables | 40 | €15,428 | €20,328 | +€4,901 | +31.8% |
| Other amounts receivable | 41 | €342 | €582 | +€241 | +70.4% |
| Cash at bank and in hand | 54/58 | €64,107 | €72,321 | +€8,214 | +12.8% |
| Deferred charges and accrued income | 490/1 | €632 | €0 | -€632 | -100.0% |
| Total equity and liabilities | 10/49 | €84,035 | €94,437 | +€10,403 | +12.4% |
| Equity | 10/15 | €70,626 | €75,948 | +€5,322 | +7.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,126 | €75,448 | +€5,322 | +7.6% |
| Amounts payable | 17/49 | €13,409 | €18,489 | +€5,080 | +37.9% |
| Amounts payable within one year | 42/48 | €13,409 | €18,489 | +€5,080 | +37.9% |
| Trade debts | 44 | €1,469 | €8,849 | +€7,380 | +502.5% |
| Suppliers | 440/4 | €1,469 | €8,849 | +€7,380 | +502.5% |
| Taxes, remuneration and social security | 45 | €11,344 | €9,640 | -€1,704 | -15.0% |
| Taxes | 450/3 | €11,344 | €9,568 | -€1,777 | -15.7% |
| Remuneration and social security | 454/9 | - | €72 | +€72 | |
| Other amounts payable | 47/48 | €595 | €0 | -€595 | -100.0% |
| Remuneration, social security and pensions | 62 | €250 | €250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,397 | €2,321 | -€76 | -3.2% |
| Other operating charges | 640/8 | €254 | €1,571 | +€1,316 | +517.4% |
| Gross operating margin | 9900 | €57,107 | €64,104 | +€6,998 | +12.3% |
| Operating profit (loss) | 9901 | €54,205 | €59,963 | +€5,757 | +10.6% |
| Financial income | 75/76B | €91 | €0 | -€91 | -100.0% |
| Recurring financial income | 75 | €91 | €0 | -€91 | -100.0% |
| Financial charges | 65/66B | €186 | €1,205 | +€1,019 | +548.5% |
| Recurring financial charges | 65 | €186 | €1,205 | +€1,019 | +548.5% |
| Profit (loss) for the period before taxes | 9903 | €54,111 | €58,758 | +€4,647 | +8.6% |
| Income taxes | 67/77 | €12,913 | €12,259 | -€653 | -5.1% |
| Profit (loss) for the period | 9904 | €41,198 | €46,499 | +€5,300 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,198 | €46,499 | +€5,300 | +12.9% |
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 8 October 2026 via checked.be.