Smelly Cat: 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.
Smelly Cat
Largest movements
- Receivables within one year +€72,137
up €72,137 (+232%), from €31,037 to €103,175
of which Other amounts receivable: +€77,307
- Cash +€25,871
up €25,871 (+97.0%), from €26,666 to €52,537
mainly Net result for the year (+€60,839) and Other debts (+€53,527)
- Tangible fixed assets +€10,444
up €10,444 (+206%), from €5,060 to €15,504
of which Furniture and vehicles: +€10,891
- Deferred charges and accrued income +€1,840
new in 2025: €1,840
- Profit (loss) carried forward +€60,839
up €60,839 (+248%), from €24,517 to €85,356
- Other debts +€53,527
up €53,527 (+479%), from €11,179 to €64,706
- Tax, wage and social debts -€5,572
down €5,572 (-32.8%), from €17,006 to €11,435
- Staff costs +€15,652
new in 2025: €15,652
- Gross operating margin -€15,587
down €15,587 (-13.6%), from €114,615 to €99,028
- Taxes -€5,827
down €5,827 (-22.7%), from €25,711 to €19,884
- Financial income +€2,763
up €2,763 (+1,326%), from €208 to €2,971
- Depreciation +€1,759
up €1,759 (+142%), from €1,239 to €2,998
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 | €63,038 | €173,331 | +€110,293 | +175% |
| Fixed assets | 21/28 | €5,335 | €15,779 | +€10,444 | +196% |
| Tangible fixed assets | 22/27 | €5,060 | €15,504 | +€10,444 | +206% |
| Plant, machinery and equipment | 23 | €2,232 | €1,785 | -€447 | -20.0% |
| Furniture and vehicles | 24 | €2,828 | €13,719 | +€10,891 | +385% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €57,703 | €157,552 | +€99,849 | +173% |
| Amounts receivable within one year | 40/41 | €31,037 | €103,175 | +€72,137 | +232% |
| Trade receivables | 40 | €27,630 | €22,461 | -€5,169 | -18.7% |
| Other amounts receivable | 41 | €3,407 | €80,714 | +€77,307 | +2,269% |
| Cash at bank and in hand | 54/58 | €26,666 | €52,537 | +€25,871 | +97.0% |
| Deferred charges and accrued income | 490/1 | - | €1,840 | +€1,840 | |
| Total equity and liabilities | 10/49 | €63,038 | €173,331 | +€110,293 | +175% |
| Equity | 10/15 | €29,517 | €90,356 | +€60,839 | +206% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,517 | €85,356 | +€60,839 | +248% |
| Amounts payable | 17/49 | €33,521 | €82,975 | +€49,454 | +148% |
| Amounts payable within one year | 42/48 | €33,521 | €82,975 | +€49,454 | +148% |
| Financial debts | 43 | €776 | €870 | +€94 | +12.1% |
| Credit institutions | 430/8 | €776 | €870 | +€94 | +12.1% |
| Trade debts | 44 | €4,559 | €5,964 | +€1,405 | +30.8% |
| Suppliers | 440/4 | €4,559 | €5,964 | +€1,405 | +30.8% |
| Taxes, remuneration and social security | 45 | €17,006 | €11,435 | -€5,572 | -32.8% |
| Taxes | 450/3 | €17,006 | €11,435 | -€5,572 | -32.8% |
| Other amounts payable | 47/48 | €11,179 | €64,706 | +€53,527 | +479% |
| Remuneration, social security and pensions | 62 | - | €15,652 | +€15,652 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,239 | €2,998 | +€1,759 | +142% |
| Other operating charges | 640/8 | €1,064 | €2,272 | +€1,207 | +113% |
| Gross operating margin | 9900 | €114,615 | €99,028 | -€15,587 | -13.6% |
| Operating profit (loss) | 9901 | €112,311 | €78,106 | -€34,205 | -30.5% |
| Financial income | 75/76B | €208 | €2,971 | +€2,763 | +1,326% |
| Recurring financial income | 75 | €208 | €2,971 | +€2,763 | +1,326% |
| Financial charges | 65/66B | €508 | €354 | -€155 | -30.4% |
| Recurring financial charges | 65 | €508 | €354 | -€155 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €112,011 | €80,724 | -€31,288 | -27.9% |
| Income taxes | 67/77 | €25,711 | €19,884 | -€5,827 | -22.7% |
| Profit (loss) for the period | 9904 | €86,300 | €60,839 | -€25,461 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €86,300 | €60,839 | -€25,461 | -29.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.