Smash It!: 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 It!
Largest movements
- Receivables within one year -€15,522
down €15,522 (-52.3%), from €29,671 to €14,149
of which Trade receivables: -€15,047
- Cash +€9,265
up €9,265 (+42.4%), from €21,877 to €31,142
mainly Receivables within one year (+€15,522) and Net result for the year (+€5,824)
- Tangible fixed assets +€8,702
up €8,702 (+974.6%), from €893 to €9,595
- Debts after one year -€5,000
down €5,000 (-15.6%), from €32,000 to €27,000
- Profit (loss) carried forward +€4,158
up €4,158, from -€2,511 to €1,647
- Trade debts +€1,762
up €1,762 (+83.3%), from €2,116 to €3,877
- Tax, wage and social debts +€1,556
up €1,556 (+42.4%), from €3,673 to €5,229
of which Taxes: +€1,423
- Gross operating margin +€22,078
up €22,078 (+73.5%), from €30,048 to €52,127
- Staff costs +€6,295
up €6,295 (+18.3%), from €34,331 to €40,625
- Depreciation +€3,279
up €3,279 (+468.7%), from €700 to €3,979
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 | €60,937 | €63,472 | +€2,536 | +4.2% |
| Fixed assets | 21/28 | €893 | €9,595 | +€8,702 | +974.6% |
| Tangible fixed assets | 22/27 | €893 | €9,595 | +€8,702 | +974.6% |
| Furniture and vehicles | 24 | €893 | €9,595 | +€8,702 | +974.6% |
| Current assets | 29/58 | €60,044 | €53,878 | -€6,166 | -10.3% |
| Amounts receivable within one year | 40/41 | €29,671 | €14,149 | -€15,522 | -52.3% |
| Trade receivables | 40 | €26,782 | €11,735 | -€15,047 | -56.2% |
| Other amounts receivable | 41 | €2,889 | €2,414 | -€476 | -16.5% |
| Current investments | 50/53 | €6,237 | €6,237 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,877 | €31,142 | +€9,265 | +42.4% |
| Deferred charges and accrued income | 490/1 | €2,259 | €2,350 | +€91 | +4.0% |
| Total equity and liabilities | 10/49 | €60,937 | €63,472 | +€2,536 | +4.2% |
| Equity | 10/15 | €22,664 | €26,821 | +€4,158 | +18.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,575 | €6,575 | = | 0.0% |
| Distributable reserves | 133 | €6,575 | €6,575 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,511 | €1,647 | +€4,158 | |
| Amounts payable | 17/49 | €38,273 | €36,651 | -€1,622 | -4.2% |
| Amounts payable after more than one year | 17 | €32,000 | €27,000 | -€5,000 | -15.6% |
| Financial debts | 170/4 | €32,000 | €27,000 | -€5,000 | -15.6% |
| Amounts payable within one year | 42/48 | €6,273 | €9,651 | +€3,378 | +53.8% |
| Trade debts | 44 | €2,116 | €3,877 | +€1,762 | +83.3% |
| Suppliers | 440/4 | €2,116 | €3,877 | +€1,762 | +83.3% |
| Taxes, remuneration and social security | 45 | €3,673 | €5,229 | +€1,556 | +42.4% |
| Taxes | 450/3 | €858 | €2,281 | +€1,423 | +165.8% |
| Remuneration and social security | 454/9 | €2,814 | €2,948 | +€133 | +4.7% |
| Other amounts payable | 47/48 | €485 | €545 | +€60 | +12.4% |
| Remuneration, social security and pensions | 62 | €34,331 | €40,625 | +€6,295 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €700 | €3,979 | +€3,279 | +468.7% |
| Other operating charges | 640/8 | €849 | €823 | -€26 | -3.0% |
| Gross operating margin | 9900 | €30,048 | €52,127 | +€22,078 | +73.5% |
| Operating profit (loss) | 9901 | -€5,831 | €6,699 | +€12,530 | |
| Financial charges | 65/66B | €430 | €128 | -€301 | -70.1% |
| Recurring financial charges | 65 | €430 | €128 | -€301 | -70.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,261 | €6,571 | +€12,832 | |
| Income taxes | 67/77 | €271 | €747 | +€476 | +175.7% |
| Profit (loss) for the period | 9904 | -€6,532 | €5,824 | +€12,356 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,532 | €5,824 | +€12,356 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.