SMARTSELL: 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.
SMARTSELL
Largest movements
- Receivables within one year -€5,356
down €5,356 (-19.7%), from €27,203 to €21,848
of which Trade receivables: -€6,405
- Cash -€2,979
down €2,979 (-99.8%), from €2,985 to €6
mainly Tax, wage and social debts (-€5,517) and Net result for the year (-€1,774)
- Tangible fixed assets -€769
no longer reported in 2025 (was €769)
- Tax, wage and social debts -€5,517
down €5,517 (-38.7%), from €14,253 to €8,736
- Profit (loss) carried forward -€1,774
down €1,774 (-25.0%), from €7,100 to €5,326
- Short-term financial debts -€1,522
no longer reported in 2025 (was €1,522)
- Gross operating margin -€28,303
down €28,303, from €26,400 to -€1,903
- Taxes -€7,551
down €7,551 (-92.7%), from €8,143 to €592
- Other operating charges -€1,751
down €1,751 (-86.8%), from €2,018 to €267
- Depreciation -€530
no longer reported in 2025 (was €530)
- Financial income +€485
up €485 (+72.7%), from €667 to €1,152
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 | €30,957 | €21,853 | -€9,103 | -29.4% |
| Fixed assets | 21/28 | €769 | - | -€769 | |
| Tangible fixed assets | 22/27 | €769 | - | -€769 | |
| Furniture and vehicles | 24 | €769 | - | -€769 | |
| Current assets | 29/58 | €30,188 | €21,853 | -€8,335 | -27.6% |
| Amounts receivable within one year | 40/41 | €27,203 | €21,848 | -€5,356 | -19.7% |
| Trade receivables | 40 | €6,405 | - | -€6,405 | |
| Other amounts receivable | 41 | €20,799 | €21,848 | +€1,049 | +5.0% |
| Cash at bank and in hand | 54/58 | €2,985 | €6 | -€2,979 | -99.8% |
| Total equity and liabilities | 10/49 | €30,957 | €21,853 | -€9,103 | -29.4% |
| Equity | 10/15 | €13,300 | €11,526 | -€1,774 | -13.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,100 | €5,326 | -€1,774 | -25.0% |
| Amounts payable | 17/49 | €17,656 | €10,327 | -€7,329 | -41.5% |
| Amounts payable within one year | 42/48 | €17,656 | €10,327 | -€7,329 | -41.5% |
| Financial debts | 43 | €1,522 | - | -€1,522 | |
| Credit institutions | 430/8 | €1,522 | - | -€1,522 | |
| Trade debts | 44 | €1,880 | €1,591 | -€289 | -15.4% |
| Suppliers | 440/4 | €1,880 | €1,591 | -€289 | -15.4% |
| Taxes, remuneration and social security | 45 | €14,253 | €8,736 | -€5,517 | -38.7% |
| Taxes | 450/3 | €14,253 | €8,736 | -€5,517 | -38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €530 | - | -€530 | |
| Other operating charges | 640/8 | €2,018 | €267 | -€1,751 | -86.8% |
| Gross operating margin | 9900 | €26,400 | -€1,903 | -€28,303 | |
| Operating profit (loss) | 9901 | €23,852 | -€2,170 | -€26,022 | |
| Financial income | 75/76B | €667 | €1,152 | +€485 | +72.7% |
| Recurring financial income | 75 | €667 | €1,152 | +€485 | +72.7% |
| Financial charges | 65/66B | €233 | €164 | -€69 | -29.8% |
| Recurring financial charges | 65 | €233 | €164 | -€69 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €24,286 | -€1,182 | -€25,468 | |
| Income taxes | 67/77 | €8,143 | €592 | -€7,551 | -92.7% |
| Profit (loss) for the period | 9904 | €16,143 | -€1,774 | -€17,917 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,143 | -€1,774 | -€17,917 |
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 6 October 2026 via checked.be.