SMOLDERS: 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.
SMOLDERS
Largest movements
- Receivables within one year +€26,747
up €26,747 (+27.8%), from €96,281 to €123,028
of which Other amounts receivable: +€17,980
- Cash +€23,659
up €23,659 (+87.3%), from €27,087 to €50,746
mainly Net result for the year (+€53,983) and Depreciation (+€2,580)
- Tangible fixed assets +€5,178
up €5,178 (+500%), from €1,035 to €6,212
of which Furniture and vehicles: +€5,178
- Profit (loss) carried forward +€53,983
up €53,983 (+85.2%), from -€63,356 to -€9,373
- Tax, wage and social debts +€2,441
up €2,441 (+2,067%), from €118 to €2,559
- Trade debts -€2,232
down €2,232 (-45.6%), from €4,899 to €2,667
- Gross operating margin +€76,988
up €76,988, from -€24,970 to €52,018
- Depreciation +€1,768
up €1,768 (+217%), from €813 to €2,580
- Financial income +€1,240
up €1,240 (+29.9%), from €4,148 to €5,389
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 | €125,070 | €180,202 | +€55,132 | +44.1% |
| Fixed assets | 21/28 | €1,035 | €6,212 | +€5,178 | +500% |
| Tangible fixed assets | 22/27 | €1,035 | €6,212 | +€5,178 | +500% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €1,035 | €6,212 | +€5,178 | +500% |
| Current assets | 29/58 | €124,036 | €173,990 | +€49,954 | +40.3% |
| Amounts receivable within one year | 40/41 | €96,281 | €123,028 | +€26,747 | +27.8% |
| Trade receivables | 40 | €4,503 | €13,270 | +€8,767 | +195% |
| Other amounts receivable | 41 | €91,778 | €109,758 | +€17,980 | +19.6% |
| Cash at bank and in hand | 54/58 | €27,087 | €50,746 | +€23,659 | +87.3% |
| Deferred charges and accrued income | 490/1 | €668 | €216 | -€452 | -67.7% |
| Total equity and liabilities | 10/49 | €125,070 | €180,202 | +€55,132 | +44.1% |
| Equity | 10/15 | €120,053 | €174,036 | +€53,983 | +45.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €177,209 | €177,209 | = | 0.0% |
| Distributable reserves | 133 | €177,209 | €177,209 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,356 | -€9,373 | +€53,983 | +85.2% |
| Amounts payable | 17/49 | €5,017 | €6,166 | +€1,149 | +22.9% |
| Amounts payable within one year | 42/48 | €5,017 | €5,226 | +€209 | +4.2% |
| Trade debts | 44 | €4,899 | €2,667 | -€2,232 | -45.6% |
| Suppliers | 440/4 | €4,899 | €2,667 | -€2,232 | -45.6% |
| Taxes, remuneration and social security | 45 | €118 | €2,559 | +€2,441 | +2,067% |
| Taxes | 450/3 | €118 | €2,559 | +€2,441 | +2,067% |
| Accrued charges and deferred income | 492/3 | - | €940 | +€940 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €813 | €2,580 | +€1,768 | +217% |
| Other operating charges | 640/8 | €713 | €605 | -€107 | -15.1% |
| Gross operating margin | 9900 | -€24,970 | €52,018 | +€76,988 | |
| Operating profit (loss) | 9901 | -€26,495 | €48,832 | +€75,327 | |
| Financial income | 75/76B | €4,148 | €5,389 | +€1,240 | +29.9% |
| Recurring financial income | 75 | €4,148 | €5,389 | +€1,240 | +29.9% |
| Financial charges | 65/66B | €220 | €57 | -€163 | -74.0% |
| Recurring financial charges | 65 | €220 | €57 | -€163 | -74.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,567 | €54,164 | +€76,731 | |
| Income taxes | 67/77 | €200 | €181 | -€19 | -9.4% |
| Profit (loss) for the period | 9904 | -€22,767 | €53,983 | +€76,750 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,767 | €53,983 | +€76,750 |
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 26 October 2026 via checked.be.