SMARTJO: 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.
SMARTJO
Largest movements
- Cash -€63,881
down €63,881 (-64.1%), from €99,601 to €35,721
mainly Contributions, distributions and other (-€67,696) and Other debts (-€65,153)
- Tangible fixed assets -€7,513
down €7,513 (-23.0%), from €32,609 to €25,096
- Deferred charges and accrued income +€3,019
up €3,019 (+46.2%), from €6,540 to €9,560
- Intangible fixed assets -€2,143
down €2,143 (-60.0%), from €3,571 to €1,429
- Other debts -€65,153
down €65,153 (-49.0%), from €132,861 to €67,708
- Tax, wage and social debts -€4,459
no longer reported in 2025 (was €4,459)
- Financial charges -€66,305
down €66,305 (-99.4%), from €66,703 to €397
- Gross operating margin -€17,843
down €17,843 (-15.4%), from €115,757 to €97,914
- Taxes +€14,631
up €14,631 (+328.1%), from €4,459 to €19,090
- Other operating charges -€8,138
down €8,138 (-92.2%), from €8,822 to €684
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 | €142,322 | €72,715 | -€69,607 | -48.9% |
| Fixed assets | 21/28 | €36,181 | €26,525 | -€9,656 | -26.7% |
| Intangible fixed assets | 21 | €3,571 | €1,429 | -€2,143 | -60.0% |
| Tangible fixed assets | 22/27 | €32,609 | €25,096 | -€7,513 | -23.0% |
| Furniture and vehicles | 24 | €32,609 | €25,096 | -€7,513 | -23.0% |
| Current assets | 29/58 | €106,141 | €46,190 | -€59,951 | -56.5% |
| Amounts receivable within one year | 40/41 | - | €910 | +€910 | |
| Other amounts receivable | 41 | - | €910 | +€910 | |
| Cash at bank and in hand | 54/58 | €99,601 | €35,721 | -€63,881 | -64.1% |
| Deferred charges and accrued income | 490/1 | €6,540 | €9,560 | +€3,019 | +46.2% |
| Total equity and liabilities | 10/49 | €142,322 | €72,715 | -€69,607 | -48.9% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €137,322 | €67,715 | -€69,607 | -50.7% |
| Amounts payable within one year | 42/48 | €137,322 | €67,715 | -€69,607 | -50.7% |
| Trade debts | 44 | €2 | €7 | +€5 | +317.5% |
| Suppliers | 440/4 | €2 | €7 | +€5 | +317.5% |
| Taxes, remuneration and social security | 45 | €4,459 | - | -€4,459 | |
| Taxes | 450/3 | €4,459 | - | -€4,459 | |
| Other amounts payable | 47/48 | €132,861 | €67,708 | -€65,153 | -49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,475 | €10,130 | +€655 | +6.9% |
| Other operating charges | 640/8 | €8,822 | €684 | -€8,138 | -92.2% |
| Gross operating margin | 9900 | €115,757 | €97,914 | -€17,843 | -15.4% |
| Operating profit (loss) | 9901 | €97,460 | €87,100 | -€10,360 | -10.6% |
| Financial income | 75/76B | €204 | €84 | -€120 | -58.8% |
| Recurring financial income | 75 | €204 | €84 | -€120 | -58.8% |
| Financial charges | 65/66B | €66,703 | €397 | -€66,305 | -99.4% |
| Recurring financial charges | 65 | €66,703 | €397 | -€66,305 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | €30,961 | €86,786 | +€55,826 | +180.3% |
| Income taxes | 67/77 | €4,459 | €19,090 | +€14,631 | +328.1% |
| Profit (loss) for the period | 9904 | €26,501 | €67,696 | +€41,195 | +155.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,501 | €67,696 | +€41,195 | +155.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.