SMDISCOVER: 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.
SMDISCOVER
Largest movements
- Receivables within one year -€14,128
down €14,128 (-92.1%), from €15,338 to €1,210
of which Other amounts receivable: -€12,976
- Tangible fixed assets +€4,064
up €4,064 (+93.1%), from €4,363 to €8,426
- Cash -€2,897
down €2,897 (-99.7%), from €2,905 to €8
mainly Net result for the year (-€14,123) and Investment in fixed assets (net) (-€6,192)
- Profit (loss) carried forward -€14,123
down €14,123, from €11,487 to -€2,637
- Short-term financial debts +€2,982
up €2,982, from €0 to €2,982
- Tax, wage and social debts -€2,524
down €2,524 (-47.6%), from €5,297 to €2,773
- Other debts +€2,118
new in 2025: €2,118
- Trade debts -€1,315
down €1,315 (-27.2%), from €4,842 to €3,528
- Gross operating margin -€24,506
down €24,506, from €15,311 to -€9,195
- Taxes -€2,718
down €2,718 (-100%), from €2,718 to €0
- Financial income -€564
down €564 (-98.8%), from €571 to €7
- Financial charges +€483
up €483 (+218%), from €221 to €704
- Other operating charges +€437
up €437 (+3,651%), from €12 to €449
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 | €22,626 | €9,764 | -€12,862 | -56.8% |
| Fixed assets | 21/28 | €4,363 | €8,426 | +€4,064 | +93.1% |
| Tangible fixed assets | 22/27 | €4,363 | €8,426 | +€4,064 | +93.1% |
| Furniture and vehicles | 24 | €4,363 | €8,426 | +€4,064 | +93.1% |
| Current assets | 29/58 | €18,264 | €1,338 | -€16,926 | -92.7% |
| Amounts receivable within one year | 40/41 | €15,338 | €1,210 | -€14,128 | -92.1% |
| Trade receivables | 40 | €1,935 | €783 | -€1,152 | -59.5% |
| Other amounts receivable | 41 | €13,403 | €427 | -€12,976 | -96.8% |
| Cash at bank and in hand | 54/58 | €2,905 | €8 | -€2,897 | -99.7% |
| Deferred charges and accrued income | 490/1 | €20 | €119 | +€99 | +488% |
| Total equity and liabilities | 10/49 | €22,626 | €9,764 | -€12,862 | -56.8% |
| Equity | 10/15 | €12,487 | -€1,637 | -€14,123 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,487 | -€2,637 | -€14,123 | |
| Amounts payable | 17/49 | €10,140 | €11,401 | +€1,261 | +12.4% |
| Amounts payable within one year | 42/48 | €10,140 | €11,401 | +€1,261 | +12.4% |
| Financial debts | 43 | €0 | €2,982 | +€2,982 | |
| Credit institutions | 430/8 | €0 | €2,982 | +€2,982 | |
| Trade debts | 44 | €4,842 | €3,528 | -€1,315 | -27.2% |
| Suppliers | 440/4 | €4,842 | €3,528 | -€1,315 | -27.2% |
| Taxes, remuneration and social security | 45 | €5,297 | €2,773 | -€2,524 | -47.6% |
| Taxes | 450/3 | €5,297 | €2,773 | -€2,524 | -47.6% |
| Other amounts payable | 47/48 | - | €2,118 | +€2,118 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,073 | €2,129 | +€56 | +2.7% |
| Other operating charges | 640/8 | €12 | €449 | +€437 | +3,651% |
| Non-recurring operating charges | 66A | €0 | €1,653 | +€1,653 | |
| Gross operating margin | 9900 | €15,311 | -€9,195 | -€24,506 | |
| Operating profit (loss) | 9901 | €13,226 | -€13,426 | -€26,653 | |
| Financial income | 75/76B | €571 | €7 | -€564 | -98.8% |
| Recurring financial income | 75 | €571 | €7 | -€564 | -98.8% |
| Financial charges | 65/66B | €221 | €704 | +€483 | +218% |
| Recurring financial charges | 65 | €221 | €704 | +€483 | +218% |
| Profit (loss) for the period before taxes | 9903 | €13,576 | -€14,123 | -€27,700 | |
| Income taxes | 67/77 | €2,718 | €0 | -€2,718 | -100% |
| Profit (loss) for the period | 9904 | €10,859 | -€14,123 | -€24,982 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,859 | -€14,123 | -€24,982 |
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 24 October 2026 via checked.be.