SmartHorizon: 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.
SmartHorizon
Largest movements
- Receivables within one year +€32,602
up €32,602 (+116%), from €28,076 to €60,678
of which Trade receivables: +€33,862
- Deferred charges and accrued income +€10,239
up €10,239 (+1,144%), from €895 to €11,134
- Cash -€10,166
down €10,166 (-38.7%), from €26,299 to €16,134
mainly Receivables within one year (-€32,602) and Other debts (-€15,006)
- Stocks and contracts -€6,956
down €6,956 (-46.3%), from €15,034 to €8,079
- Tangible fixed assets +€2,767
new in 2024: €2,767
- Trade debts +€24,659
up €24,659 (+103%), from €23,999 to €48,657
- Profit (loss) carried forward +€15,986
up €15,986 (+85.2%), from €18,768 to €34,754
- Other debts -€15,006
down €15,006 (-78.3%), from €19,163 to €4,157
- Tax, wage and social debts +€3,831
up €3,831 (+84.6%), from €4,530 to €8,362
- Gross operating margin +€12,131
up €12,131 (+93.6%), from €12,962 to €25,093
- Taxes +€2,791
up €2,791 (+101%), from €2,770 to €5,561
- Financial charges +€2,129
up €2,129 (+422%), from €504 to €2,633
- Other operating charges +€666
up €666 (+394%), from €169 to €835
- Depreciation +€317
new in 2024: €317
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,443 | €98,930 | +€28,487 | +40.4% |
| Fixed assets | 21/28 | €138 | €2,905 | +€2,767 | +2,005% |
| Tangible fixed assets | 22/27 | - | €2,767 | +€2,767 | |
| Plant, machinery and equipment | 23 | - | €2,767 | +€2,767 | |
| Financial fixed assets | 28 | €138 | €138 | = | 0.0% |
| Current assets | 29/58 | €70,305 | €96,025 | +€25,720 | +36.6% |
| Stocks and contracts in progress | 3 | €15,034 | €8,079 | -€6,956 | -46.3% |
| Stocks | 30/36 | €15,034 | €8,079 | -€6,956 | -46.3% |
| Amounts receivable within one year | 40/41 | €28,076 | €60,678 | +€32,602 | +116% |
| Trade receivables | 40 | €24,778 | €58,639 | +€33,862 | +137% |
| Other amounts receivable | 41 | €3,298 | €2,039 | -€1,259 | -38.2% |
| Cash at bank and in hand | 54/58 | €26,299 | €16,134 | -€10,166 | -38.7% |
| Deferred charges and accrued income | 490/1 | €895 | €11,134 | +€10,239 | +1,144% |
| Total equity and liabilities | 10/49 | €70,443 | €98,930 | +€28,487 | +40.4% |
| Equity | 10/15 | €21,768 | €37,754 | +€15,986 | +73.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,768 | €34,754 | +€15,986 | +85.2% |
| Amounts payable | 17/49 | €48,675 | €61,176 | +€12,501 | +25.7% |
| Amounts payable within one year | 42/48 | €47,692 | €61,176 | +€13,484 | +28.3% |
| Trade debts | 44 | €23,999 | €48,657 | +€24,659 | +103% |
| Suppliers | 440/4 | €23,999 | €48,657 | +€24,659 | +103% |
| Taxes, remuneration and social security | 45 | €4,530 | €8,362 | +€3,831 | +84.6% |
| Taxes | 450/3 | €4,530 | €8,362 | +€3,831 | +84.6% |
| Other amounts payable | 47/48 | €19,163 | €4,157 | -€15,006 | -78.3% |
| Accrued charges and deferred income | 492/3 | €983 | - | -€983 | |
| Remuneration, social security and pensions | 62 | - | €22 | +€22 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €317 | +€317 | |
| Other operating charges | 640/8 | €169 | €835 | +€666 | +394% |
| Gross operating margin | 9900 | €12,962 | €25,093 | +€12,131 | +93.6% |
| Operating profit (loss) | 9901 | €12,793 | €23,919 | +€11,126 | +87.0% |
| Financial income | 75/76B | €0 | €262 | +€262 | +2,615,700% |
| Recurring financial income | 75 | €0 | €262 | +€262 | +2,615,700% |
| Financial charges | 65/66B | €504 | €2,633 | +€2,129 | +422% |
| Recurring financial charges | 65 | €504 | €2,633 | +€2,129 | +422% |
| Profit (loss) for the period before taxes | 9903 | €12,289 | €21,547 | +€9,258 | +75.3% |
| Income taxes | 67/77 | €2,770 | €5,561 | +€2,791 | +101% |
| Profit (loss) for the period | 9904 | €9,519 | €15,986 | +€6,467 | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,519 | €15,986 | +€6,467 | +67.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.