SMARTWINKLE: 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.
SMARTWINKLE
Largest movements
- Cash +€52,666
up €52,666 (+277.6%), from €18,969 to €71,635
mainly Other debts (+€79,943) and Net result for the year (+€45,740)
- Receivables within one year +€5,951
up €5,951 (+63.2%), from €9,411 to €15,362
of which Trade receivables: +€6,833
- Other debts +€79,943
up €79,943 (+67679.5%), from €118 to €80,061
- Profit (loss) carried forward -€34,260
down €34,260 (-87.6%), from €39,088 to €4,828
- Tax, wage and social debts +€6,851
up €6,851 (+423.6%), from €1,617 to €8,468
of which Remuneration and social security: +€6,514
- Trade debts +€5,820
up €5,820 (+751.2%), from €775 to €6,594
- Gross operating margin +€25,106
up €25,106 (+60.2%), from €41,733 to €66,839
- Taxes +€10,667
up €10,667 (+555.7%), from €1,920 to €12,587
- Depreciation +€4,310
up €4,310 (+117.7%), from €3,661 to €7,971
- Other operating charges -€1,227
down €1,227 (-75.4%), from €1,626 to €400
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 | €62,559 | €120,912 | +€58,354 | +93.3% |
| Fixed assets | 21/28 | €32,751 | €32,265 | -€486 | -1.5% |
| Tangible fixed assets | 22/27 | €32,751 | €32,265 | -€486 | -1.5% |
| Furniture and vehicles | 24 | €32,751 | €32,265 | -€486 | -1.5% |
| Current assets | 29/58 | €29,807 | €88,647 | +€58,839 | +197.4% |
| Amounts receivable within one year | 40/41 | €9,411 | €15,362 | +€5,951 | +63.2% |
| Trade receivables | 40 | €7,167 | €14,000 | +€6,833 | +95.3% |
| Other amounts receivable | 41 | €2,244 | €1,362 | -€882 | -39.3% |
| Cash at bank and in hand | 54/58 | €18,969 | €71,635 | +€52,666 | +277.6% |
| Deferred charges and accrued income | 490/1 | €1,427 | €1,650 | +€222 | +15.6% |
| Total equity and liabilities | 10/49 | €62,559 | €120,912 | +€58,354 | +93.3% |
| Equity | 10/15 | €59,548 | €25,288 | -€34,260 | -57.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,088 | €4,828 | -€34,260 | -87.6% |
| Amounts payable | 17/49 | €3,010 | €95,624 | +€92,614 | +3076.7% |
| Amounts payable within one year | 42/48 | €2,510 | €95,124 | +€92,614 | +3689.6% |
| Trade debts | 44 | €775 | €6,594 | +€5,820 | +751.2% |
| Suppliers | 440/4 | €775 | €6,594 | +€5,820 | +751.2% |
| Taxes, remuneration and social security | 45 | €1,617 | €8,468 | +€6,851 | +423.6% |
| Taxes | 450/3 | - | €337 | +€337 | |
| Remuneration and social security | 454/9 | €1,617 | €8,131 | +€6,514 | +402.8% |
| Other amounts payable | 47/48 | €118 | €80,061 | +€79,943 | +67679.5% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,661 | €7,971 | +€4,310 | +117.7% |
| Other operating charges | 640/8 | €1,626 | €400 | -€1,227 | -75.4% |
| Gross operating margin | 9900 | €41,733 | €66,839 | +€25,106 | +60.2% |
| Operating profit (loss) | 9901 | €36,445 | €58,468 | +€22,023 | +60.4% |
| Financial charges | 65/66B | €94 | €142 | +€47 | +50.0% |
| Recurring financial charges | 65 | €94 | €142 | +€47 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | €36,351 | €58,327 | +€21,976 | +60.5% |
| Income taxes | 67/77 | €1,920 | €12,587 | +€10,667 | +555.7% |
| Profit (loss) for the period | 9904 | €34,431 | €45,740 | +€11,309 | +32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,431 | €45,740 | +€11,309 | +32.8% |
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 9 October 2026 via checked.be.