SMARTLINK: 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.
SMARTLINK
Largest movements
- Receivables within one year +€276
up €276 (+1.9%), from €14,180 to €14,455
- Trade debts +€345
up €345 (+20.1%), from €1,715 to €2,060
- Profit (loss) carried forward -€218
down €218 (-5.6%), from -€3,927 to -€4,146
- Financial income -€70
down €70 (-8.3%), from €846 to €776
- Other operating charges +€29
up €29 (+5.3%), from €554 to €584
- Financial charges -€29
no longer reported in 2025 (was €29)
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 | €19,721 | €19,847 | +€127 | +0.6% |
| Current assets | 29/58 | €19,721 | €19,847 | +€127 | +0.6% |
| Amounts receivable within one year | 40/41 | €14,180 | €14,455 | +€276 | +1.9% |
| Other amounts receivable | 41 | €14,180 | €14,455 | +€276 | +1.9% |
| Cash at bank and in hand | 54/58 | €5,541 | €5,392 | -€149 | -2.7% |
| Total equity and liabilities | 10/49 | €19,721 | €19,847 | +€127 | +0.6% |
| Equity | 10/15 | €14,673 | €14,454 | -€218 | -1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,927 | -€4,146 | -€218 | -5.6% |
| Amounts payable | 17/49 | €5,048 | €5,393 | +€345 | +6.8% |
| Amounts payable within one year | 42/48 | €5,048 | €5,393 | +€345 | +6.8% |
| Trade debts | 44 | €1,715 | €2,060 | +€345 | +20.1% |
| Suppliers | 440/4 | €1,715 | €2,060 | +€345 | +20.1% |
| Other amounts payable | 47/48 | €3,333 | €3,333 | = | 0.0% |
| Other operating charges | 640/8 | €554 | €584 | +€29 | +5.3% |
| Gross operating margin | 9900 | -€409 | -€411 | -€2 | -0.5% |
| Operating profit (loss) | 9901 | -€963 | -€994 | -€31 | -3.3% |
| Financial income | 75/76B | €846 | €776 | -€70 | -8.3% |
| Recurring financial income | 75 | €846 | €776 | -€70 | -8.3% |
| Financial charges | 65/66B | €29 | - | -€29 | |
| Recurring financial charges | 65 | €29 | - | -€29 | |
| Profit (loss) for the period before taxes | 9903 | -€145 | -€218 | -€73 | -50.1% |
| Profit (loss) for the period | 9904 | -€145 | -€218 | -€73 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€145 | -€218 | -€73 | -50.1% |
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 28 September 2026 via checked.be.