SMITH CONSULTING: 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.
SMITH CONSULTING
Largest movements
- Cash +€108,996
up €108,996 (+238.7%), from €45,657 to €154,654
mainly Net result for the year (+€93,696) and Tax, wage and social debts (+€29,962)
- Receivables within one year +€6,108
up €6,108 (+48.3%), from €12,647 to €18,755
- Deferred charges and accrued income +€3,400
new in 2025: €3,400
- Profit (loss) carried forward +€93,696
up €93,696 (+487.4%), from €19,225 to €112,922
- Tax, wage and social debts +€29,962
up €29,962 (+206.8%), from €14,487 to €44,449
- Trade debts -€2,844
down €2,844 (-89.4%), from €3,182 to €339
- Other debts -€2,711
down €2,711 (-17.6%), from €15,410 to €12,699
- Gross operating margin +€96,466
up €96,466 (+333.8%), from €28,895 to €125,361
- Taxes +€21,319
up €21,319 (+391.4%), from €5,446 to €26,765
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 | €58,304 | €176,808 | +€118,504 | +203.3% |
| Current assets | 29/58 | €58,304 | €176,808 | +€118,504 | +203.3% |
| Amounts receivable within one year | 40/41 | €12,647 | €18,755 | +€6,108 | +48.3% |
| Trade receivables | 40 | €12,647 | €18,755 | +€6,108 | +48.3% |
| Cash at bank and in hand | 54/58 | €45,657 | €154,654 | +€108,996 | +238.7% |
| Deferred charges and accrued income | 490/1 | - | €3,400 | +€3,400 | |
| Total equity and liabilities | 10/49 | €58,304 | €176,808 | +€118,504 | +203.3% |
| Equity | 10/15 | €25,225 | €118,922 | +€93,696 | +371.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,225 | €112,922 | +€93,696 | +487.4% |
| Amounts payable | 17/49 | €33,079 | €57,886 | +€24,807 | +75.0% |
| Amounts payable within one year | 42/48 | €33,079 | €57,487 | +€24,408 | +73.8% |
| Trade debts | 44 | €3,182 | €339 | -€2,844 | -89.4% |
| Suppliers | 440/4 | €3,182 | €339 | -€2,844 | -89.4% |
| Taxes, remuneration and social security | 45 | €14,487 | €44,449 | +€29,962 | +206.8% |
| Taxes | 450/3 | €14,487 | €44,449 | +€29,962 | +206.8% |
| Other amounts payable | 47/48 | €15,410 | €12,699 | -€2,711 | -17.6% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Other operating charges | 640/8 | €395 | €400 | +€5 | +1.2% |
| Gross operating margin | 9900 | €28,895 | €125,361 | +€96,466 | +333.8% |
| Operating profit (loss) | 9901 | €28,500 | €124,962 | +€96,461 | +338.5% |
| Financial charges | 65/66B | €3,829 | €4,500 | +€671 | +17.5% |
| Recurring financial charges | 65 | €3,829 | €4,500 | +€671 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €24,671 | €120,462 | +€95,790 | +388.3% |
| Income taxes | 67/77 | €5,446 | €26,765 | +€21,319 | +391.4% |
| Profit (loss) for the period | 9904 | €19,225 | €93,696 | +€74,471 | +387.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,225 | €93,696 | +€74,471 | +387.4% |
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 1 October 2026 via checked.be.