SmartMind: 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.
SmartMind
Largest movements
- Cash +€75,391
up €75,391 (+5039.8%), from €1,496 to €76,887
mainly Net result for the year (+€98,122) and Trade debts (+€2,260)
- Receivables within one year +€12,912
up €12,912 (+21.6%), from €59,772 to €72,684
of which Other amounts receivable: +€35,477
- Profit (loss) carried forward +€97,289
up €97,289 (+337.0%), from €28,869 to €126,157
- Other debts -€9,216
down €9,216 (-91.7%), from €10,049 to €833
- Trade debts +€2,260
up €2,260 (+806.4%), from €280 to €2,540
- Gross operating margin +€90,670
up €90,670 (+240.5%), from €37,698 to €128,369
- Taxes +€19,817
up €19,817 (+256.0%), from €7,741 to €27,558
- Financial charges +€1,685
up €1,685 (+955.8%), from €176 to €1,862
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 | €64,575 | €153,911 | +€89,336 | +138.3% |
| Fixed assets | 21/28 | €2,639 | €3,584 | +€945 | +35.8% |
| Tangible fixed assets | 22/27 | €2,639 | €3,584 | +€945 | +35.8% |
| Furniture and vehicles | 24 | €2,639 | €3,584 | +€945 | +35.8% |
| Current assets | 29/58 | €61,936 | €150,327 | +€88,390 | +142.7% |
| Amounts receivable within one year | 40/41 | €59,772 | €72,684 | +€12,912 | +21.6% |
| Trade receivables | 40 | €59,772 | €37,208 | -€22,565 | -37.8% |
| Other amounts receivable | 41 | - | €35,477 | +€35,477 | |
| Cash at bank and in hand | 54/58 | €1,496 | €76,887 | +€75,391 | +5039.8% |
| Deferred charges and accrued income | 490/1 | €668 | €755 | +€87 | +13.0% |
| Total equity and liabilities | 10/49 | €64,575 | €153,911 | +€89,336 | +138.3% |
| Equity | 10/15 | €33,869 | €131,157 | +€97,289 | +287.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,869 | €126,157 | +€97,289 | +337.0% |
| Amounts payable | 17/49 | €30,707 | €22,753 | -€7,953 | -25.9% |
| Amounts payable within one year | 42/48 | €30,707 | €22,753 | -€7,953 | -25.9% |
| Trade debts | 44 | €280 | €2,540 | +€2,260 | +806.4% |
| Suppliers | 440/4 | €280 | €2,540 | +€2,260 | +806.4% |
| Taxes, remuneration and social security | 45 | €20,377 | €19,380 | -€997 | -4.9% |
| Taxes | 450/3 | €17,377 | €18,230 | +€853 | +4.9% |
| Remuneration and social security | 454/9 | €3,000 | €1,150 | -€1,850 | -61.7% |
| Other amounts payable | 47/48 | €10,049 | €833 | -€9,216 | -91.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54 | €785 | +€732 | +1365.8% |
| Other operating charges | 640/8 | - | €76 | +€76 | |
| Gross operating margin | 9900 | €37,698 | €128,369 | +€90,670 | +240.5% |
| Operating profit (loss) | 9901 | €37,645 | €127,507 | +€89,862 | +238.7% |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Financial charges | 65/66B | €176 | €1,862 | +€1,685 | +955.8% |
| Recurring financial charges | 65 | €176 | €1,862 | +€1,685 | +955.8% |
| Profit (loss) for the period before taxes | 9903 | €37,469 | €125,679 | +€88,211 | +235.4% |
| Income taxes | 67/77 | €7,741 | €27,558 | +€19,817 | +256.0% |
| Profit (loss) for the period | 9904 | €29,728 | €98,122 | +€68,394 | +230.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,728 | €98,122 | +€68,394 | +230.1% |
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 7 October 2026 via checked.be.