SMASH 2000: 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.
SMASH 2000
Largest movements
- Tangible fixed assets -€9,842
down €9,842 (-4.8%), from €207,098 to €197,256
of which Plant, machinery and equipment: -€9,772
- Debts after one year -€10,955
down €10,955 (-3.3%), from €334,670 to €323,715
- Tax, wage and social debts -€3,038
down €3,038 (-71.1%), from €4,270 to €1,232
- Gross operating margin -€9,226
down €9,226 (-14.6%), from €63,322 to €54,096
- Purchases and services +€7,502
up €7,502 (+26.4%), from €28,469 to €35,971
- Financial charges -€6,624
down €6,624 (-30.2%), from €21,950 to €15,326
- Other operating charges -€1,763
down €1,763 (-29.7%), from €5,934 to €4,171
- Turnover -€1,724
down €1,724 (-1.9%), from €91,790 to €90,066
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 | €253,013 | €241,551 | -€11,462 | -4.5% |
| Fixed assets | 21/28 | €207,098 | €197,256 | -€9,842 | -4.8% |
| Tangible fixed assets | 22/27 | €207,098 | €197,256 | -€9,842 | -4.8% |
| Land and buildings | 22 | €120,954 | €120,954 | = | 0.0% |
| Plant, machinery and equipment | 23 | €77,924 | €68,152 | -€9,772 | -12.5% |
| Furniture and vehicles | 24 | €6,220 | €6,150 | -€70 | -1.1% |
| Assets under construction and advance payments | 27 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €45,915 | €44,295 | -€1,620 | -3.5% |
| Stocks and contracts in progress | 3 | €7,784 | €6,803 | -€981 | -12.6% |
| Stocks | 30/36 | €7,784 | €6,803 | -€981 | -12.6% |
| Amounts receivable within one year | 40/41 | €23,127 | €23,890 | +€763 | +3.3% |
| Trade receivables | 40 | €20,682 | €22,655 | +€1,973 | +9.5% |
| Other amounts receivable | 41 | €2,445 | €1,235 | -€1,210 | -49.5% |
| Cash at bank and in hand | 54/58 | €15,004 | €13,602 | -€1,402 | -9.3% |
| Total equity and liabilities | 10/49 | €253,013 | €241,551 | -€11,462 | -4.5% |
| Equity | 10/15 | -€96,763 | -€96,452 | +€311 | +0.3% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €7,498 | €7,498 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,498 | €7,498 | = | 0.0% |
| Legal reserve | 130 | €3,803 | €3,803 | = | 0.0% |
| Other | 1319 | €3,695 | €3,695 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,248 | -€134,937 | +€311 | +0.2% |
| Amounts payable | 17/49 | €349,776 | €338,003 | -€11,773 | -3.4% |
| Amounts payable after more than one year | 17 | €334,670 | €323,715 | -€10,955 | -3.3% |
| Financial debts | 170/4 | €334,670 | €323,715 | -€10,955 | -3.3% |
| Amounts payable within one year | 42/48 | €15,106 | €14,288 | -€818 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €10,292 | €10,956 | +€664 | +6.5% |
| Trade debts | 44 | €544 | €867 | +€323 | +59.4% |
| Suppliers | 440/4 | €544 | €867 | +€323 | +59.4% |
| Taxes, remuneration and social security | 45 | €4,270 | €1,232 | -€3,038 | -71.1% |
| Remuneration and social security | 454/9 | €4,270 | €1,232 | -€3,038 | -71.1% |
| Other amounts payable | 47/48 | - | €1,233 | +€1,233 | |
| Turnover | 70 | €91,790 | €90,066 | -€1,724 | -1.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €28,469 | €35,971 | +€7,502 | +26.4% |
| Remuneration, social security and pensions | 62 | €15,147 | €14,973 | -€174 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,454 | €19,346 | +€892 | +4.8% |
| Other operating charges | 640/8 | €5,934 | €4,171 | -€1,763 | -29.7% |
| Gross operating margin | 9900 | €63,322 | €54,096 | -€9,226 | -14.6% |
| Operating profit (loss) | 9901 | €23,787 | €15,606 | -€8,181 | -34.4% |
| Financial income | 75/76B | €46 | €31 | -€15 | -32.6% |
| Recurring financial income | 75 | €46 | €31 | -€15 | -32.6% |
| Financial charges | 65/66B | €21,950 | €15,326 | -€6,624 | -30.2% |
| Recurring financial charges | 65 | €21,950 | €15,326 | -€6,624 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €1,883 | €311 | -€1,572 | -83.5% |
| Profit (loss) for the period | 9904 | €1,883 | €311 | -€1,572 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,883 | €311 | -€1,572 | -83.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.