SMARTM CONSULTING: 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.
SMARTM CONSULTING
Largest movements
- Cash -€2,377
down €2,377 (-48.5%), from €4,899 to €2,522
mainly Net result for the year (-€19,344) and Short-term financial debts (-€8,295)
- Tangible fixed assets -€1,234
down €1,234 (-39.4%), from €3,133 to €1,899
of which Furniture and vehicles: -€954
- Receivables within one year -€599
down €599 (-2.1%), from €28,589 to €27,991
of which Other amounts receivable: -€871
- Other debts +€24,935
up €24,935 (+372.1%), from €6,701 to €31,637
- Profit (loss) carried forward -€19,344
down €19,344, from €993 to -€18,351
- Short-term financial debts -€8,295
no longer reported in 2025 (was €8,295)
- Tax, wage and social debts -€2,125
down €2,125 (-19.1%), from €11,101 to €8,976
- Accrued charges and deferred income +€383
new in 2025: €383
- Financial charges +€16,555
up €16,555 (+45.2%), from €36,652 to €53,207
- Depreciation -€2,891
down €2,891 (-70.1%), from €4,125 to €1,234
- Gross operating margin +€1,691
up €1,691 (+5.0%), from €34,039 to €35,730
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 | €36,622 | €32,412 | -€4,210 | -11.5% |
| Fixed assets | 21/28 | €3,133 | €1,899 | -€1,234 | -39.4% |
| Tangible fixed assets | 22/27 | €3,133 | €1,899 | -€1,234 | -39.4% |
| Furniture and vehicles | 24 | €1,897 | €942 | -€954 | -50.3% |
| Other tangible fixed assets | 26 | €1,237 | €957 | -€280 | -22.6% |
| Current assets | 29/58 | €33,488 | €30,513 | -€2,975 | -8.9% |
| Amounts receivable within one year | 40/41 | €28,589 | €27,991 | -€599 | -2.1% |
| Trade receivables | 40 | €16,335 | €16,607 | +€272 | +1.7% |
| Other amounts receivable | 41 | €12,254 | €11,383 | -€871 | -7.1% |
| Cash at bank and in hand | 54/58 | €4,899 | €2,522 | -€2,377 | -48.5% |
| Total equity and liabilities | 10/49 | €36,622 | €32,412 | -€4,210 | -11.5% |
| Equity | 10/15 | €9,053 | -€10,291 | -€19,344 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €993 | -€18,351 | -€19,344 | |
| Amounts payable | 17/49 | €27,568 | €42,703 | +€15,135 | +54.9% |
| Amounts payable within one year | 42/48 | €27,568 | €42,320 | +€14,752 | +53.5% |
| Financial debts | 43 | €8,295 | - | -€8,295 | |
| Credit institutions | 430/8 | €8,295 | - | -€8,295 | |
| Trade debts | 44 | €1,471 | €1,707 | +€236 | +16.0% |
| Suppliers | 440/4 | €1,471 | €1,707 | +€236 | +16.0% |
| Taxes, remuneration and social security | 45 | €11,101 | €8,976 | -€2,125 | -19.1% |
| Taxes | 450/3 | €11,101 | €8,976 | -€2,125 | -19.1% |
| Other amounts payable | 47/48 | €6,701 | €31,637 | +€24,935 | +372.1% |
| Accrued charges and deferred income | 492/3 | - | €383 | +€383 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,125 | €1,234 | -€2,891 | -70.1% |
| Other operating charges | 640/8 | €248 | €251 | +€3 | +1.3% |
| Non-recurring operating charges | 66A | €63 | €230 | +€167 | +264.2% |
| Gross operating margin | 9900 | €34,039 | €35,730 | +€1,691 | +5.0% |
| Operating profit (loss) | 9901 | €29,603 | €34,015 | +€4,412 | +14.9% |
| Financial income | 75/76B | €3 | €6 | +€3 | +100.0% |
| Recurring financial income | 75 | €3 | €6 | +€3 | +100.0% |
| Financial charges | 65/66B | €36,652 | €53,207 | +€16,555 | +45.2% |
| Recurring financial charges | 65 | €36,652 | €53,207 | +€16,555 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,046 | -€19,186 | -€12,140 | -172.3% |
| Income taxes | 67/77 | €169 | €158 | -€11 | -6.6% |
| Profit (loss) for the period | 9904 | -€7,215 | -€19,344 | -€12,129 | -168.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,215 | -€19,344 | -€12,129 | -168.1% |
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 5 October 2026 via checked.be.