SMARTHEAD INNOVATIONS: 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.
SMARTHEAD INNOVATIONS
Largest movements
- Receivables within one year +€332
up €332 (+18.8%), from €1,770 to €2,102
of which Other amounts receivable: +€587
- Cash +€131
up €131 (+18.2%), from €722 to €853
mainly Net result for the year (+€6,128)
- Profit (loss) carried forward +€6,128
up €6,128 (+11.2%), from -€54,755 to -€48,627
- Other debts -€4,422
down €4,422 (-14.6%), from €30,384 to €25,962
- Trade debts -€1,243
down €1,243 (-66.7%), from €1,862 to €619
- Gross operating margin -€28,805
down €28,805 (-80.4%), from €35,821 to €7,016
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 | €2,491 | €2,955 | +€463 | +18.6% |
| Current assets | 29/58 | €2,491 | €2,955 | +€463 | +18.6% |
| Amounts receivable within one year | 40/41 | €1,770 | €2,102 | +€332 | +18.8% |
| Trade receivables | 40 | €255 | €0 | -€255 | -100% |
| Other amounts receivable | 41 | €1,515 | €2,102 | +€587 | +38.7% |
| Cash at bank and in hand | 54/58 | €722 | €853 | +€131 | +18.2% |
| Total equity and liabilities | 10/49 | €2,491 | €2,955 | +€463 | +18.6% |
| Equity | 10/15 | -€29,755 | -€23,627 | +€6,128 | +20.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,755 | -€48,627 | +€6,128 | +11.2% |
| Amounts payable | 17/49 | €32,247 | €26,582 | -€5,665 | -17.6% |
| Amounts payable within one year | 42/48 | €32,247 | €26,582 | -€5,665 | -17.6% |
| Trade debts | 44 | €1,862 | €619 | -€1,243 | -66.7% |
| Suppliers | 440/4 | €1,862 | €619 | -€1,243 | -66.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €30,384 | €25,962 | -€4,422 | -14.6% |
| Other operating charges | 640/8 | €505 | €648 | +€142 | +28.2% |
| Gross operating margin | 9900 | €35,821 | €7,016 | -€28,805 | -80.4% |
| Operating profit (loss) | 9901 | €35,315 | €6,368 | -€28,947 | -82.0% |
| Financial charges | 65/66B | €427 | €240 | -€186 | -43.7% |
| Recurring financial charges | 65 | €427 | €240 | -€186 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | €34,889 | €6,128 | -€28,761 | -82.4% |
| Profit (loss) for the period | 9904 | €34,889 | €6,128 | -€28,761 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,889 | €6,128 | -€28,761 | -82.4% |
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 16 October 2026 via checked.be.