SMASH GAME: 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 GAME
Largest movements
- Receivables within one year -€12,336
down €12,336 (-66.9%), from €18,447 to €6,111
of which Trade receivables: -€11,332
- Tangible fixed assets -€3,860
down €3,860 (-2.5%), from €153,933 to €150,073
of which Plant, machinery and equipment: -€3,860
- Cash -€2,984
down €2,984 (-4.9%), from €60,874 to €57,890
mainly Debts after one year (-€11,982) and Trade debts (-€10,889)
- Debts after one year -€11,982
down €11,982 (-54.3%), from €22,081 to €10,099
- Trade debts -€10,889
down €10,889 (-74.6%), from €14,605 to €3,716
- Tax, wage and social debts +€2,836
up €2,836 (+41.7%), from €6,809 to €9,645
of which Taxes: +€2,794
- Depreciation -€6,594
down €6,594 (-54.6%), from €12,085 to €5,491
- Gross operating margin +€3,538
up €3,538 (+11.1%), from €31,955 to €35,493
- Financial charges -€957
down €957 (-68.2%), from €1,404 to €447
- Other operating charges +€720
up €720 (+15.7%), from €4,575 to €5,295
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 | €237,394 | €217,369 | -€20,025 | -8.4% |
| Fixed assets | 21/28 | €154,163 | €150,303 | -€3,860 | -2.5% |
| Tangible fixed assets | 22/27 | €153,933 | €150,073 | -€3,860 | -2.5% |
| Land and buildings | 22 | €126,371 | €126,371 | = | 0.0% |
| Plant, machinery and equipment | 23 | €27,562 | €23,702 | -€3,860 | -14.0% |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €83,231 | €67,066 | -€16,165 | -19.4% |
| Stocks and contracts in progress | 3 | €1,599 | - | -€1,599 | |
| Stocks | 30/36 | €1,599 | - | -€1,599 | |
| Amounts receivable within one year | 40/41 | €18,447 | €6,111 | -€12,336 | -66.9% |
| Trade receivables | 40 | €14,986 | €3,654 | -€11,332 | -75.6% |
| Other amounts receivable | 41 | €3,461 | €2,457 | -€1,004 | -29.0% |
| Cash at bank and in hand | 54/58 | €60,874 | €57,890 | -€2,984 | -4.9% |
| Deferred charges and accrued income | 490/1 | €2,311 | €3,065 | +€754 | +32.6% |
| Total equity and liabilities | 10/49 | €237,394 | €217,369 | -€20,025 | -8.4% |
| Equity | 10/15 | €182,921 | €182,845 | -€76 | 0.0% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Capital | 10 | €170,000 | €170,000 | = | 0.0% |
| Issued capital | 100 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €80,890 | €80,890 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,000 | €17,000 | = | 0.0% |
| Legal reserve | 130 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €63,890 | €63,890 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,969 | -€68,045 | -€76 | -0.1% |
| Amounts payable | 17/49 | €54,473 | €34,524 | -€19,949 | -36.6% |
| Amounts payable after more than one year | 17 | €22,081 | €10,099 | -€11,982 | -54.3% |
| Financial debts | 170/4 | €22,081 | €10,099 | -€11,982 | -54.3% |
| Amounts payable within one year | 42/48 | €32,392 | €24,401 | -€7,991 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €10,978 | €10,892 | -€86 | -0.8% |
| Trade debts | 44 | €14,605 | €3,716 | -€10,889 | -74.6% |
| Suppliers | 440/4 | €14,605 | €3,716 | -€10,889 | -74.6% |
| Taxes, remuneration and social security | 45 | €6,809 | €9,645 | +€2,836 | +41.7% |
| Taxes | 450/3 | €1,826 | €4,620 | +€2,794 | +153% |
| Remuneration and social security | 454/9 | €4,983 | €5,025 | +€42 | +0.8% |
| Other amounts payable | 47/48 | - | €148 | +€148 | |
| Accrued charges and deferred income | 492/3 | - | €24 | +€24 | |
| Remuneration, social security and pensions | 62 | €22,347 | €22,626 | +€279 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,085 | €5,491 | -€6,594 | -54.6% |
| Other operating charges | 640/8 | €4,575 | €5,295 | +€720 | +15.7% |
| Non-recurring operating charges | 66A | - | €1,838 | +€1,838 | |
| Gross operating margin | 9900 | €31,955 | €35,493 | +€3,538 | +11.1% |
| Operating profit (loss) | 9901 | -€7,052 | €243 | +€7,295 | |
| Financial income | 75/76B | €438 | €378 | -€60 | -13.7% |
| Recurring financial income | 75 | €438 | €378 | -€60 | -13.7% |
| Financial charges | 65/66B | €1,404 | €447 | -€957 | -68.2% |
| Recurring financial charges | 65 | €1,404 | €447 | -€957 | -68.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,018 | €174 | +€8,192 | |
| Income taxes | 67/77 | €131 | €250 | +€119 | +90.8% |
| Profit (loss) for the period | 9904 | -€8,149 | -€76 | +€8,073 | +99.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,149 | -€76 | +€8,073 | +99.1% |
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 22 October 2026 via checked.be.