SMASH LAB: 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 LAB
Largest movements
- Tangible fixed assets +€10,707
up €10,707 (+289.6%), from €3,697 to €14,403
of which Other tangible fixed assets: +€5,452
- Cash +€7,796
up €7,796 (+37.3%), from €20,874 to €28,670
mainly Net result for the year (+€15,924) and Tax, wage and social debts (+€2,931)
- Receivables within one year +€2,106
up €2,106 (+54.6%), from €3,857 to €5,963
- Profit (loss) carried forward +€15,924
up €15,924 (+92.0%), from €17,305 to €33,229
- Tax, wage and social debts +€2,931
up €2,931 (+62.1%), from €4,718 to €7,649
of which Taxes: +€1,581
- Other debts +€1,763
up €1,763 (+29.9%), from €5,904 to €7,667
- Depreciation +€1,657
up €1,657 (+433.0%), from €383 to €2,039
- Gross operating margin -€426
down €426 (-1.7%), from €24,510 to €24,085
- Other operating charges -€387
no longer reported in 2025 (was €387)
- Taxes -€387
down €387 (-6.0%), from €6,419 to €6,032
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 | €28,428 | €49,089 | +€20,661 | +72.7% |
| Fixed assets | 21/28 | €3,697 | €14,403 | +€10,707 | +289.6% |
| Tangible fixed assets | 22/27 | €3,697 | €14,403 | +€10,707 | +289.6% |
| Furniture and vehicles | 24 | €3,697 | €8,952 | +€5,255 | +142.2% |
| Other tangible fixed assets | 26 | - | €5,452 | +€5,452 | |
| Current assets | 29/58 | €24,731 | €34,685 | +€9,955 | +40.3% |
| Amounts receivable within one year | 40/41 | €3,857 | €5,963 | +€2,106 | +54.6% |
| Trade receivables | 40 | €3,857 | €5,963 | +€2,106 | +54.6% |
| Cash at bank and in hand | 54/58 | €20,874 | €28,670 | +€7,796 | +37.3% |
| Deferred charges and accrued income | 490/1 | - | €52 | +€52 | |
| Total equity and liabilities | 10/49 | €28,428 | €49,089 | +€20,661 | +72.7% |
| Equity | 10/15 | €17,805 | €33,729 | +€15,924 | +89.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,305 | €33,229 | +€15,924 | +92.0% |
| Amounts payable | 17/49 | €10,622 | €15,359 | +€4,737 | +44.6% |
| Amounts payable within one year | 42/48 | €10,622 | €15,359 | +€4,737 | +44.6% |
| Trade debts | 44 | - | €43 | +€43 | |
| Suppliers | 440/4 | - | €43 | +€43 | |
| Taxes, remuneration and social security | 45 | €4,718 | €7,649 | +€2,931 | +62.1% |
| Taxes | 450/3 | €4,718 | €6,299 | +€1,581 | +33.5% |
| Remuneration and social security | 454/9 | - | €1,350 | +€1,350 | |
| Other amounts payable | 47/48 | €5,904 | €7,667 | +€1,763 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €383 | €2,039 | +€1,657 | +433.0% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €24,510 | €24,085 | -€426 | -1.7% |
| Operating profit (loss) | 9901 | €23,740 | €22,045 | -€1,695 | -7.1% |
| Financial charges | 65/66B | €16 | €89 | +€73 | +459.1% |
| Recurring financial charges | 65 | €16 | €89 | +€73 | +459.1% |
| Profit (loss) for the period before taxes | 9903 | €23,724 | €21,956 | -€1,768 | -7.5% |
| Income taxes | 67/77 | €6,419 | €6,032 | -€387 | -6.0% |
| Profit (loss) for the period | 9904 | €17,305 | €15,924 | -€1,381 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,305 | €15,924 | -€1,381 | -8.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.