SMOKE MONKEY: 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.
SMOKE MONKEY
Largest movements
- Receivables within one year +€47,255
up €47,255 (+37.3%), from €126,713 to €173,968
of which Other amounts receivable: +€52,286
- Deferred charges and accrued income -€25,995
no longer reported in 2025 (was €25,995)
- Cash -€2,169
down €2,169 (-27.0%), from €8,032 to €5,863
mainly Receivables within one year (-€47,255) and Tax, wage and social debts (-€14,416)
- Reserves +€33,120
up €33,120 (+51.0%), from €65,000 to €98,120
- Tax, wage and social debts -€14,416
down €14,416 (-24.6%), from €58,587 to €44,171
- Gross operating margin -€14,264
down €14,264 (-21.9%), from €65,168 to €50,904
- Financial income +€9,137
up €9,137 (+182,376%), from €5 to €9,142
- Taxes -€3,995
down €3,995 (-16.0%), from €25,047 to €21,052
- Financial charges -€3,672
down €3,672 (-82.9%), from €4,427 to €756
- Other operating charges +€2,188
up €2,188 (+190%), from €1,150 to €3,338
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 | €162,412 | €181,210 | +€18,798 | +11.6% |
| Fixed assets | 21/28 | €1,672 | €1,379 | -€294 | -17.6% |
| Tangible fixed assets | 22/27 | €1,356 | €1,063 | -€294 | -21.6% |
| Furniture and vehicles | 24 | €1,356 | €1,063 | -€294 | -21.6% |
| Financial fixed assets | 28 | €316 | €316 | = | 0.0% |
| Current assets | 29/58 | €160,740 | €179,831 | +€19,091 | +11.9% |
| Amounts receivable within one year | 40/41 | €126,713 | €173,968 | +€47,255 | +37.3% |
| Trade receivables | 40 | €5,794 | €764 | -€5,031 | -86.8% |
| Other amounts receivable | 41 | €120,918 | €173,204 | +€52,286 | +43.2% |
| Cash at bank and in hand | 54/58 | €8,032 | €5,863 | -€2,169 | -27.0% |
| Deferred charges and accrued income | 490/1 | €25,995 | - | -€25,995 | |
| Total equity and liabilities | 10/49 | €162,412 | €181,210 | +€18,798 | +11.6% |
| Equity | 10/15 | €103,358 | €137,038 | +€33,680 | +32.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €65,000 | €98,120 | +€33,120 | +51.0% |
| Distributable reserves | 133 | €65,000 | €98,120 | +€33,120 | +51.0% |
| Profit (loss) carried forward | 14 | €34,358 | €34,918 | +€560 | +1.6% |
| Amounts payable | 17/49 | €59,054 | €44,171 | -€14,882 | -25.2% |
| Amounts payable within one year | 42/48 | €59,054 | €44,171 | -€14,882 | -25.2% |
| Trade debts | 44 | €467 | - | -€467 | |
| Suppliers | 440/4 | €467 | - | -€467 | |
| Taxes, remuneration and social security | 45 | €58,587 | €44,171 | -€14,416 | -24.6% |
| Taxes | 450/3 | €58,587 | €44,171 | -€14,416 | -24.6% |
| Remuneration, social security and pensions | 62 | €167 | €927 | +€760 | +454% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €247 | €294 | +€46 | +18.8% |
| Other operating charges | 640/8 | €1,150 | €3,338 | +€2,188 | +190% |
| Gross operating margin | 9900 | €65,168 | €50,904 | -€14,264 | -21.9% |
| Operating profit (loss) | 9901 | €63,605 | €46,346 | -€17,259 | -27.1% |
| Financial income | 75/76B | €5 | €9,142 | +€9,137 | +182,376% |
| Recurring financial income | 75 | €5 | €9,142 | +€9,137 | +182,376% |
| Financial charges | 65/66B | €4,427 | €756 | -€3,672 | -82.9% |
| Recurring financial charges | 65 | €4,427 | €756 | -€3,672 | -82.9% |
| Profit (loss) for the period before taxes | 9903 | €59,182 | €54,732 | -€4,450 | -7.5% |
| Income taxes | 67/77 | €25,047 | €21,052 | -€3,995 | -16.0% |
| Profit (loss) for the period | 9904 | €34,135 | €33,680 | -€455 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,135 | €33,680 | -€455 | -1.3% |
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 14 October 2026 via checked.be.