SMARTPRESENTATIONS: what changed
SMARTPRESENTATIONS
Largest movements
- Cash +€26,248
up €26,248 (+70.2%), from €37,391 to €63,639
- Receivables within one year -€9,666
down €9,666 (-11.1%), from €86,815 to €77,149
of which Trade receivables: -€7,964
- Deferred charges and accrued income -€7,624
down €7,624 (-86.7%), from €8,797 to €1,173
- Tangible fixed assets +€7,528
up €7,528 (+45.0%), from €16,742 to €24,270
- Stocks and contracts -€4,796
down €4,796 (-11.4%), from €41,937 to €37,141
- Profit (loss) carried forward +€33,519
up €33,519 (+68.5%), from -€48,927 to -€15,408
- Tax, wage and social debts -€20,281
down €20,281 (-41.5%), from €48,859 to €28,579
of which Remuneration and social security: -€11,449
- Short-term financial debts -€10,118
no longer reported in 2025 (was €10,118)
- Debts after one year +€10,078
up €10,078 (+361%), from €2,790 to €12,868
- Advances received +€8,809
up €8,809 (+22.6%), from €38,910 to €47,720
- Gross operating margin +€75,795
up €75,795 (+33.5%), from €226,018 to €301,813
- Staff costs -€22,474
down €22,474 (-8.5%), from €263,838 to €241,364
- Depreciation -€9,085
down €9,085 (-42.4%), from €21,401 to €12,317
- Financial charges +€6,992
up €6,992 (+251%), from €2,786 to €9,778
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €191,683 | €203,373 | +€11,690 | +6.1% |
| Fixed assets | 21/28 | €16,742 | €24,270 | +€7,528 | +45.0% |
| Tangible fixed assets | 22/27 | €16,742 | €24,270 | +€7,528 | +45.0% |
| Furniture and vehicles | 24 | €16,742 | €24,270 | +€7,528 | +45.0% |
| Current assets | 29/58 | €174,941 | €179,103 | +€4,162 | +2.4% |
| Stocks and contracts in progress | 3 | €41,937 | €37,141 | -€4,796 | -11.4% |
| Contracts in progress | 37 | €41,937 | €37,141 | -€4,796 | -11.4% |
| Amounts receivable within one year | 40/41 | €86,815 | €77,149 | -€9,666 | -11.1% |
| Trade receivables | 40 | €83,576 | €75,612 | -€7,964 | -9.5% |
| Other amounts receivable | 41 | €3,240 | €1,537 | -€1,702 | -52.5% |
| Cash at bank and in hand | 54/58 | €37,391 | €63,639 | +€26,248 | +70.2% |
| Deferred charges and accrued income | 490/1 | €8,797 | €1,173 | -€7,624 | -86.7% |
| Total equity and liabilities | 10/49 | €191,683 | €203,373 | +€11,690 | +6.1% |
| Equity | 10/15 | €17,116 | €50,635 | +€33,519 | +196% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €56,743 | €56,743 | = | 0.0% |
| Distributable reserves | 133 | €56,743 | €56,743 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,927 | -€15,408 | +€33,519 | +68.5% |
| Amounts payable | 17/49 | €174,567 | €152,738 | -€21,829 | -12.5% |
| Amounts payable after more than one year | 17 | €2,790 | €12,868 | +€10,078 | +361% |
| Financial debts | 170/4 | €2,790 | €12,868 | +€10,078 | +361% |
| Amounts payable within one year | 42/48 | €171,777 | €139,871 | -€31,906 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €9,884 | €5,437 | -€4,447 | -45.0% |
| Financial debts | 43 | €10,118 | - | -€10,118 | |
| Credit institutions | 430/8 | €10,118 | - | -€10,118 | |
| Trade debts | 44 | €26,906 | €19,792 | -€7,113 | -26.4% |
| Suppliers | 440/4 | €26,906 | €19,792 | -€7,113 | -26.4% |
| Advances received on contracts in progress | 46 | €38,910 | €47,720 | +€8,809 | +22.6% |
| Taxes, remuneration and social security | 45 | €48,859 | €28,579 | -€20,281 | -41.5% |
| Taxes | 450/3 | €17,061 | €8,229 | -€8,832 | -51.8% |
| Remuneration and social security | 454/9 | €31,798 | €20,349 | -€11,449 | -36.0% |
| Other amounts payable | 47/48 | €37,100 | €38,343 | +€1,243 | +3.4% |
| Remuneration, social security and pensions | 62 | €263,838 | €241,364 | -€22,474 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,401 | €12,317 | -€9,085 | -42.4% |
| Other operating charges | 640/8 | €3,365 | €3,860 | +€494 | +14.7% |
| Gross operating margin | 9900 | €226,018 | €301,813 | +€75,795 | +33.5% |
| Operating profit (loss) | 9901 | -€62,587 | €44,273 | +€106,860 | |
| Financial income | 75/76B | €5 | €35 | +€30 | +598% |
| Recurring financial income | 75 | €5 | €35 | +€30 | +598% |
| Financial charges | 65/66B | €2,786 | €9,778 | +€6,992 | +251% |
| Recurring financial charges | 65 | €2,786 | €9,778 | +€6,992 | +251% |
| Profit (loss) for the period before taxes | 9903 | -€65,368 | €34,530 | +€99,898 | |
| Income taxes | 67/77 | €690 | €1,011 | +€321 | +46.5% |
| Profit (loss) for the period | 9904 | -€66,058 | €33,519 | +€99,577 | |
| Profit (loss) for the period to be appropriated | 9905 | -€66,058 | €33,519 | +€99,577 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.