SMASH Architecture: 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.
SMASH Architecture
Largest movements
- Cash +€6,297
up €6,297 (+539%), from €1,168 to €7,465
mainly Net result for the year (+€12,631) and Accrued charges and deferred income (+€4,786)
- Tangible fixed assets +€5,460
up €5,460 (+451%), from €1,210 to €6,669
- Receivables within one year +€549
new in 2025: €549
- Accrued charges and deferred income +€4,786
up €4,786 (+827%), from €579 to €5,364
- Other debts +€3,803
up €3,803 (+97.8%), from €3,888 to €7,691
- Profit (loss) carried forward +€3,631
up €3,631 (+15.2%), from -€23,834 to -€20,202
- Reserves +€2,000
new in 2025: €2,000
- Trade debts -€1,544
down €1,544 (-71.2%), from €2,167 to €623
- Gross operating margin +€22,066
up €22,066, from -€2,898 to €19,168
- Taxes +€3,583
up €3,583 (+1,722%), from €208 to €3,791
- Depreciation -€1,453
down €1,453 (-44.4%), from €3,271 to €1,818
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 | €3,377 | €15,647 | +€12,271 | +363% |
| Fixed assets | 21/28 | €1,240 | €6,699 | +€5,460 | +440% |
| Tangible fixed assets | 22/27 | €1,210 | €6,669 | +€5,460 | +451% |
| Furniture and vehicles | 24 | €1,210 | €6,669 | +€5,460 | +451% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €2,137 | €8,948 | +€6,811 | +319% |
| Amounts receivable within one year | 40/41 | - | €549 | +€549 | |
| Trade receivables | 40 | - | €549 | +€549 | |
| Cash at bank and in hand | 54/58 | €1,168 | €7,465 | +€6,297 | +539% |
| Deferred charges and accrued income | 490/1 | €969 | €935 | -€34 | -3.5% |
| Total equity and liabilities | 10/49 | €3,377 | €15,647 | +€12,271 | +363% |
| Equity | 10/15 | -€11,434 | -€5,802 | +€5,631 | +49.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | - | €2,000 | +€2,000 | |
| Distributable reserves | 133 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | -€23,834 | -€20,202 | +€3,631 | +15.2% |
| Amounts payable | 17/49 | €14,811 | €21,450 | +€6,639 | +44.8% |
| Amounts payable within one year | 42/48 | €14,232 | €16,086 | +€1,854 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €1,191 | - | -€1,191 | |
| Trade debts | 44 | €2,167 | €623 | -€1,544 | -71.2% |
| Suppliers | 440/4 | €2,167 | €623 | -€1,544 | -71.2% |
| Taxes, remuneration and social security | 45 | €6,986 | €7,772 | +€786 | +11.2% |
| Taxes | 450/3 | €5,486 | €7,772 | +€2,286 | +41.7% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €3,888 | €7,691 | +€3,803 | +97.8% |
| Accrued charges and deferred income | 492/3 | €579 | €5,364 | +€4,786 | +827% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,271 | €1,818 | -€1,453 | -44.4% |
| Other operating charges | 640/8 | €771 | €766 | -€4 | -0.6% |
| Gross operating margin | 9900 | -€2,898 | €19,168 | +€22,066 | |
| Operating profit (loss) | 9901 | -€6,940 | €16,584 | +€23,524 | |
| Financial income | 75/76B | €23 | €0 | -€23 | -98.9% |
| Recurring financial income | 75 | €23 | €0 | -€23 | -98.9% |
| Financial charges | 65/66B | €211 | €162 | -€49 | -23.2% |
| Recurring financial charges | 65 | €211 | €162 | -€49 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,128 | €16,422 | +€23,550 | |
| Income taxes | 67/77 | €208 | €3,791 | +€3,583 | +1,722% |
| Profit (loss) for the period | 9904 | -€7,336 | €12,631 | +€19,968 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,336 | €12,631 | +€19,968 |
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 31 October 2026 via checked.be.