SmartPlus: 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.
SmartPlus
Largest movements
- Cash +€42,446
up €42,446 (+177%), from €24,009 to €66,455
mainly Net result for the year (+€38,186) and Tax, wage and social debts (+€5,764)
- Tangible fixed assets +€2,801
new in 2025: €2,801
- Receivables within one year -€1,320
down €1,320 (-9.4%), from €14,062 to €12,742
of which Trade receivables: -€2,420
- Reserves +€38,186
up €38,186 (+157%), from €24,354 to €62,539
- Tax, wage and social debts +€5,764
up €5,764 (+57.8%), from €9,965 to €15,729
of which Taxes: +€5,764
- Gross operating margin +€28,982
up €28,982 (+136%), from €21,325 to €50,307
- Taxes +€6,106
up €6,106 (+155%), from €3,934 to €10,040
- Financial charges -€1,311
down €1,311 (-36.4%), from €3,601 to €2,290
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.
Derived cash bridge
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 | €38,316 | €82,251 | +€43,935 | +115% |
| Fixed assets | 21/28 | - | €2,801 | +€2,801 | |
| Tangible fixed assets | 22/27 | - | €2,801 | +€2,801 | |
| Furniture and vehicles | 24 | - | €2,801 | +€2,801 | |
| Current assets | 29/58 | €38,316 | €79,450 | +€41,134 | +107% |
| Amounts receivable within one year | 40/41 | €14,062 | €12,742 | -€1,320 | -9.4% |
| Trade receivables | 40 | €12,100 | €9,680 | -€2,420 | -20.0% |
| Other amounts receivable | 41 | €1,962 | €3,062 | +€1,100 | +56.0% |
| Cash at bank and in hand | 54/58 | €24,009 | €66,455 | +€42,446 | +177% |
| Deferred charges and accrued income | 490/1 | €245 | €254 | +€9 | +3.6% |
| Total equity and liabilities | 10/49 | €38,316 | €82,251 | +€43,935 | +115% |
| Equity | 10/15 | €27,354 | €65,539 | +€38,186 | +140% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €24,354 | €62,539 | +€38,186 | +157% |
| Distributable reserves | 133 | €24,354 | €62,539 | +€38,186 | +157% |
| Amounts payable | 17/49 | €10,962 | €16,712 | +€5,750 | +52.4% |
| Amounts payable within one year | 42/48 | €10,962 | €16,712 | +€5,750 | +52.4% |
| Trade debts | 44 | €997 | €983 | -€15 | -1.5% |
| Suppliers | 440/4 | €997 | €983 | -€15 | -1.5% |
| Taxes, remuneration and social security | 45 | €9,965 | €15,729 | +€5,764 | +57.8% |
| Taxes | 450/3 | €6,965 | €12,729 | +€5,764 | +82.8% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €190 | +€190 | |
| Gross operating margin | 9900 | €21,325 | €50,307 | +€28,982 | +136% |
| Operating profit (loss) | 9901 | €21,325 | €50,117 | +€28,792 | +135% |
| Financial income | 75/76B | - | €398 | +€398 | |
| Recurring financial income | 75 | - | €398 | +€398 | |
| Financial charges | 65/66B | €3,601 | €2,290 | -€1,311 | -36.4% |
| Recurring financial charges | 65 | €3,601 | €2,290 | -€1,311 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €17,725 | €48,226 | +€30,501 | +172% |
| Income taxes | 67/77 | €3,934 | €10,040 | +€6,106 | +155% |
| Profit (loss) for the period | 9904 | €13,791 | €38,186 | +€24,395 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €13,791 | €38,186 | +€24,395 | +177% |
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 17 October 2026 via checked.be.