SMARTY: 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.
SMARTY
Largest movements
- Receivables within one year -€2,055
down €2,055 (-54.1%), from €3,800 to €1,746
of which Other amounts receivable: -€1,095
- Deferred charges and accrued income -€440
no longer reported in 2025 (was €440)
- Financial fixed assets -€400
no longer reported in 2025 (was €400)
- Cash +€315
up €315 (+435%), from €72 to €387
mainly Other debts (+€2,715) and Receivables within one year (+€2,055)
- Profit (loss) carried forward -€4,535
down €4,535 (-38.4%), from -€11,797 to -€16,332
- Other debts +€2,715
up €2,715 (+17,334%), from €16 to €2,730
- Trade debts -€666
no longer reported in 2025 (was €666)
- Tax, wage and social debts -€95
down €95 (-9.8%), from €963 to €868
- Gross operating margin -€6,984
down €6,984, from €3,303 to -€3,681
- Other operating charges +€308
up €308 (+350%), from €88 to €396
- Taxes -€90
down €90 (-20.1%), from €450 to €360
- Financial charges +€52
up €52 (+114%), from €46 to €98
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 | €4,713 | €2,132 | -€2,580 | -54.8% |
| Fixed assets | 21/28 | €400 | - | -€400 | |
| Financial fixed assets | 28 | €400 | - | -€400 | |
| Current assets | 29/58 | €4,313 | €2,132 | -€2,180 | -50.6% |
| Amounts receivable within one year | 40/41 | €3,800 | €1,746 | -€2,055 | -54.1% |
| Trade receivables | 40 | €2,525 | €1,565 | -€960 | -38.0% |
| Other amounts receivable | 41 | €1,275 | €181 | -€1,095 | -85.8% |
| Cash at bank and in hand | 54/58 | €72 | €387 | +€315 | +435% |
| Deferred charges and accrued income | 490/1 | €440 | - | -€440 | |
| Total equity and liabilities | 10/49 | €4,713 | €2,132 | -€2,580 | -54.8% |
| Equity | 10/15 | €3,069 | -€1,466 | -€4,535 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €13,366 | €13,366 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150 | €150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €150 | €150 | = | 0.0% |
| Distributable reserves | 133 | €13,216 | €13,216 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,797 | -€16,332 | -€4,535 | -38.4% |
| Amounts payable | 17/49 | €1,644 | €3,598 | +€1,954 | +119% |
| Amounts payable within one year | 42/48 | €1,644 | €3,598 | +€1,954 | +119% |
| Trade debts | 44 | €666 | - | -€666 | |
| Suppliers | 440/4 | €666 | - | -€666 | |
| Taxes, remuneration and social security | 45 | €963 | €868 | -€95 | -9.8% |
| Taxes | 450/3 | €963 | €868 | -€95 | -9.8% |
| Other amounts payable | 47/48 | €16 | €2,730 | +€2,715 | +17,334% |
| Other operating charges | 640/8 | €88 | €396 | +€308 | +350% |
| Gross operating margin | 9900 | €3,303 | -€3,681 | -€6,984 | |
| Operating profit (loss) | 9901 | €3,215 | -€4,077 | -€7,292 | |
| Financial charges | 65/66B | €46 | €98 | +€52 | +114% |
| Recurring financial charges | 65 | €46 | €98 | +€52 | +114% |
| Profit (loss) for the period before taxes | 9903 | €3,170 | -€4,175 | -€7,345 | |
| Income taxes | 67/77 | €450 | €360 | -€90 | -20.1% |
| Profit (loss) for the period | 9904 | €2,720 | -€4,535 | -€7,254 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,720 | -€4,535 | -€7,254 |
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 19 October 2026 via checked.be.