Smartshell: 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.
Smartshell
Largest movements
- Receivables within one year +€13,824
up €13,824 (+11,326%), from €122 to €13,946
of which Other amounts receivable: +€13,577
- Cash +€1,727
new in 2025: €1,727
mainly Contributions, distributions and other (+€20,000)
- Contributions +€20,000
new in 2025: €20,000
- Profit (loss) carried forward -€3,720
down €3,720 (-612%), from -€608 to -€4,327
- Other debts -€575
no longer reported in 2025 (was €575)
- Gross operating margin -€2,937
down €2,937 (-563%), from -€521 to -€3,458
- Other operating charges +€140
up €140 (+233%), from €60 to €200
- Financial charges +€36
up €36 (+136%), from €26 to €62
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 | €122 | €15,673 | +€15,551 | +12,740% |
| Current assets | 29/58 | €122 | €15,673 | +€15,551 | +12,740% |
| Amounts receivable within one year | 40/41 | €122 | €13,946 | +€13,824 | +11,326% |
| Trade receivables | 40 | - | €248 | +€248 | |
| Other amounts receivable | 41 | €122 | €13,699 | +€13,577 | +11,123% |
| Cash at bank and in hand | 54/58 | - | €1,727 | +€1,727 | |
| Total equity and liabilities | 10/49 | €122 | €15,673 | +€15,551 | +12,740% |
| Equity | 10/15 | -€608 | €15,673 | +€16,280 | |
| Contributions | 10/11 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | -€608 | -€4,327 | -€3,720 | -612% |
| Amounts payable | 17/49 | €730 | - | -€730 | |
| Amounts payable within one year | 42/48 | €730 | - | -€730 | |
| Trade debts | 44 | €155 | - | -€155 | |
| Suppliers | 440/4 | €155 | - | -€155 | |
| Other amounts payable | 47/48 | €575 | - | -€575 | |
| Other operating charges | 640/8 | €60 | €200 | +€140 | +233% |
| Gross operating margin | 9900 | -€521 | -€3,458 | -€2,937 | -563% |
| Operating profit (loss) | 9901 | -€581 | -€3,658 | -€3,077 | -529% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €26 | €62 | +€36 | +136% |
| Recurring financial charges | 65 | €26 | €62 | +€36 | +136% |
| Profit (loss) for the period before taxes | 9903 | -€608 | -€3,720 | -€3,112 | -512% |
| Profit (loss) for the period | 9904 | -€608 | -€3,720 | -€3,112 | -512% |
| Profit (loss) for the period to be appropriated | 9905 | -€608 | -€3,720 | -€3,112 | -512% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.