Smatbo: 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.
What changed
Smatbo
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€105,968
2024 · €109,113-€3,144
Equity
€288,059
2024 · €182,851+€105,208
Cash
€192,855
2024 · €105,578+€87,276
Balance sheet total
€357,158
2024 · €248,180+€108,977
Largest movements
Assets
- Cash +€87,276
up €87,276 (+82.7%), from €105,578 to €192,855
mainly Net result for the year (+€105,968) and Tax, wage and social debts (+€3,375)
- Current investments +€25,000
up €25,000 (+25.0%), from €100,000 to €125,000
Equity and liabilities
- Reserves +€105,968
up €105,968 (+61.6%), from €172,091 to €278,059
Income statement
- Gross operating margin -€2,503
down €2,503 (-1.6%), from €157,567 to €155,064
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.
Result 2024
€109,113
Gross operating margin
-€2,503
Depreciation
-€610
Other operating charges
-€296
Financial income
-€1,417
Financial charges
+€399
Taxes
+€1,283
Result 2025
€105,968
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.
From operations
+€113,283
Investment
-€25,859
Financing
-€148
Cash 2024
€105,578
From operations (derived)
+€113,283
Net result for the year
+€105,968
Depreciation
+€2,305
Receivables within one year
+€373
Deferred charges and accrued income
+€1,480
Trade debts
-€77
Tax, wage and social debts
+€3,375
Other debts
+€532
Accrued charges and deferred income
-€674
Investment (derived)
-€25,859
Investment in fixed assets (net)
-€859
Current investments
-€25,000
Financing
-€148
Short-term financial debts
+€613
Contributions, distributions and other
-€761
Cash 2025
€192,855
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €248,180 | €357,158 | +€108,977 | +43.9% |
| Fixed assets | 21/28 | €14,526 | €13,080 | -€1,446 | -10.0% |
| Tangible fixed assets | 22/27 | €14,526 | €13,080 | -€1,446 | -10.0% |
| Land and buildings | 22 | €9,508 | €8,480 | -€1,028 | -10.8% |
| Plant, machinery and equipment | 23 | €2,040 | €1,601 | -€439 | -21.5% |
| Furniture and vehicles | 24 | €2,978 | €2,999 | +€21 | +0.7% |
| Current assets | 29/58 | €233,654 | €344,078 | +€110,424 | +47.3% |
| Amounts receivable within one year | 40/41 | €23,958 | €23,585 | -€373 | -1.6% |
| Trade receivables | 40 | €20,208 | €21,558 | +€1,350 | +6.7% |
| Other amounts receivable | 41 | €3,750 | €2,027 | -€1,723 | -46.0% |
| Current investments | 50/53 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €105,578 | €192,855 | +€87,276 | +82.7% |
| Deferred charges and accrued income | 490/1 | €4,118 | €2,638 | -€1,480 | -35.9% |
| Total equity and liabilities | 10/49 | €248,180 | €357,158 | +€108,977 | +43.9% |
| Equity | 10/15 | €182,851 | €288,059 | +€105,208 | +57.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €172,091 | €278,059 | +€105,968 | +61.6% |
| Distributable reserves | 133 | €172,091 | €278,059 | +€105,968 | +61.6% |
| Profit (loss) carried forward | 14 | €761 | €0 | -€761 | -100.0% |
| Amounts payable | 17/49 | €65,329 | €69,099 | +€3,770 | +5.8% |
| Amounts payable within one year | 42/48 | €64,405 | €68,849 | +€4,443 | +6.9% |
| Financial debts | 43 | €0 | €613 | +€613 | |
| Credit institutions | 430/8 | €0 | €613 | +€613 | |
| Trade debts | 44 | €1,949 | €1,872 | -€77 | -3.9% |
| Suppliers | 440/4 | €1,949 | €1,872 | -€77 | -3.9% |
| Taxes, remuneration and social security | 45 | €62,456 | €65,831 | +€3,375 | +5.4% |
| Taxes | 450/3 | €60,206 | €63,581 | +€3,375 | +5.6% |
| Remuneration and social security | 454/9 | €2,250 | €2,250 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €532 | +€532 | |
| Accrued charges and deferred income | 492/3 | €924 | €250 | -€674 | -72.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,695 | €2,305 | +€610 | +36.0% |
| Other operating charges | 640/8 | €701 | €997 | +€296 | +42.2% |
| Gross operating margin | 9900 | €157,567 | €155,064 | -€2,503 | -1.6% |
| Operating profit (loss) | 9901 | €155,171 | €151,762 | -€3,409 | -2.2% |
| Financial income | 75/76B | €1,799 | €382 | -€1,417 | -78.8% |
| Recurring financial income | 75 | €1,799 | €382 | -€1,417 | -78.8% |
| Financial charges | 65/66B | €1,044 | €645 | -€399 | -38.2% |
| Recurring financial charges | 65 | €1,044 | €645 | -€399 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €155,926 | €151,499 | -€4,427 | -2.8% |
| Income taxes | 67/77 | €46,814 | €45,531 | -€1,283 | -2.7% |
| Profit (loss) for the period | 9904 | €109,113 | €105,968 | -€3,144 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €109,113 | €105,968 | -€3,144 | -2.9% |
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.