Smeltpunt: 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.
Smeltpunt
Largest movements
- Cash +€18,172
up €18,172 (+102%), from €17,783 to €35,955
mainly Net result for the year (+€19,469) and Receivables within one year (+€4,499)
- Tangible fixed assets +€7,264
new in 2025: €7,264
of which Furniture and vehicles: +€4,577
- Receivables within one year -€4,499
down €4,499 (-25.8%), from €17,431 to €12,932
of which Other amounts receivable: -€2,311
- Deferred charges and accrued income +€3,443
up €3,443 (+113%), from €3,051 to €6,495
- Reserves +€19,469
up €19,469 (+123%), from €15,831 to €35,301
- Other debts -€5,112
down €5,112 (-96.5%), from €5,298 to €186
- Current portion of long-term debt +€2,958
new in 2025: €2,958
- Accrued charges and deferred income +€2,895
up €2,895 (+44.3%), from €6,528 to €9,423
- Debts after one year +€2,800
new in 2025: €2,800
- Gross operating margin +€20,660
up €20,660 (+204%), from €10,116 to €30,776
- Taxes +€2,941
up €2,941 (+81.7%), from €3,600 to €6,541
- Write-downs +€1,200
new in 2025: €1,200
- Depreciation +€511
new in 2025: €511
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 | €41,500 | €65,731 | +€24,231 | +58.4% |
| Fixed assets | 21/28 | - | €7,264 | +€7,264 | |
| Tangible fixed assets | 22/27 | - | €7,264 | +€7,264 | |
| Plant, machinery and equipment | 23 | - | €2,687 | +€2,687 | |
| Furniture and vehicles | 24 | - | €4,577 | +€4,577 | |
| Current assets | 29/58 | €41,500 | €58,467 | +€16,966 | +40.9% |
| Stocks and contracts in progress | 3 | €3,236 | €3,086 | -€150 | -4.6% |
| Stocks | 30/36 | €3,236 | €3,086 | -€150 | -4.6% |
| Amounts receivable within one year | 40/41 | €17,431 | €12,932 | -€4,499 | -25.8% |
| Trade receivables | 40 | €10,293 | €8,105 | -€2,188 | -21.3% |
| Other amounts receivable | 41 | €7,137 | €4,827 | -€2,311 | -32.4% |
| Cash at bank and in hand | 54/58 | €17,783 | €35,955 | +€18,172 | +102% |
| Deferred charges and accrued income | 490/1 | €3,051 | €6,495 | +€3,443 | +113% |
| Total equity and liabilities | 10/49 | €41,500 | €65,731 | +€24,231 | +58.4% |
| Equity | 10/15 | €16,831 | €36,301 | +€19,469 | +116% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €15,831 | €35,301 | +€19,469 | +123% |
| Distributable reserves | 133 | €15,831 | €35,301 | +€19,469 | +123% |
| Amounts payable | 17/49 | €24,669 | €29,431 | +€4,761 | +19.3% |
| Amounts payable after more than one year | 17 | - | €2,800 | +€2,800 | |
| Financial debts | 170/4 | - | €2,800 | +€2,800 | |
| Amounts payable within one year | 42/48 | €18,142 | €17,208 | -€933 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | - | €2,958 | +€2,958 | |
| Financial debts | 43 | €355 | €533 | +€178 | +50.0% |
| Credit institutions | 430/8 | €355 | €533 | +€178 | +50.0% |
| Trade debts | 44 | €5,177 | €3,877 | -€1,300 | -25.1% |
| Suppliers | 440/4 | €5,177 | €3,877 | -€1,300 | -25.1% |
| Taxes, remuneration and social security | 45 | €7,311 | €9,654 | +€2,343 | +32.1% |
| Taxes | 450/3 | €7,311 | €9,654 | +€2,343 | +32.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,298 | €186 | -€5,112 | -96.5% |
| Accrued charges and deferred income | 492/3 | €6,528 | €9,423 | +€2,895 | +44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €511 | +€511 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,200 | +€1,200 | |
| Other operating charges | 640/8 | €502 | €462 | -€41 | -8.1% |
| Non-recurring operating charges | 66A | - | €2,530 | +€2,530 | |
| Gross operating margin | 9900 | €10,116 | €30,776 | +€20,660 | +204% |
| Operating profit (loss) | 9901 | €9,614 | €26,073 | +€16,459 | +171% |
| Financial income | 75/76B | €28 | €35 | +€8 | +27.4% |
| Recurring financial income | 75 | €28 | €35 | +€8 | +27.4% |
| Financial charges | 65/66B | €32 | €98 | +€67 | +211% |
| Recurring financial charges | 65 | €32 | €98 | +€67 | +211% |
| Profit (loss) for the period before taxes | 9903 | €9,610 | €26,010 | +€16,401 | +171% |
| Income taxes | 67/77 | €3,600 | €6,541 | +€2,941 | +81.7% |
| Profit (loss) for the period | 9904 | €6,010 | €19,469 | +€13,459 | +224% |
| Profit (loss) for the period to be appropriated | 9905 | €6,010 | €19,469 | +€13,459 | +224% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.