SMOO: 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.
SMOO
Largest movements
- Cash +€153,180
up €153,180 (+193%), from €79,455 to €232,635
mainly Other debts (+€159,819) and Net result for the year (+€85,118)
- Current investments -€50,000
down €50,000 (-20.0%), from €250,000 to €200,000
- Tangible fixed assets -€27,885
down €27,885 (-97.3%), from €28,652 to €767
of which Land and buildings: -€27,450
- Receivables within one year -€13,403
down €13,403 (-59.3%), from €22,621 to €9,218
of which Other amounts receivable: -€7,956
- Other debts +€159,819
up €159,819 (+25,608%), from €624 to €160,444
- Reserves -€83,888
down €83,888 (-49.7%), from €168,888 to €85,000
- Tax, wage and social debts -€8,031
down €8,031 (-28.1%), from €28,625 to €20,594
- Trade debts -€5,868
down €5,868 (-96.4%), from €6,090 to €222
- Gross operating margin +€134,673
up €134,673, from -€8,881 to €125,792
- Taxes +€18,217
up €18,217 (+82.2%), from €22,168 to €40,385
- Depreciation -€8,601
down €8,601 (-98.6%), from €8,726 to €125
- Financial income -€6,632
down €6,632 (-79.0%), from €8,393 to €1,761
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 | €383,822 | €444,684 | +€60,863 | +15.9% |
| Fixed assets | 21/28 | €28,652 | €767 | -€27,885 | -97.3% |
| Tangible fixed assets | 22/27 | €28,652 | €767 | -€27,885 | -97.3% |
| Land and buildings | 22 | €27,450 | - | -€27,450 | |
| Furniture and vehicles | 24 | €17 | €767 | +€751 | +4,513% |
| Other tangible fixed assets | 26 | €1,185 | - | -€1,185 | |
| Current assets | 29/58 | €355,170 | €443,917 | +€88,747 | +25.0% |
| Amounts receivable within one year | 40/41 | €22,621 | €9,218 | -€13,403 | -59.3% |
| Trade receivables | 40 | €9,756 | €4,308 | -€5,447 | -55.8% |
| Other amounts receivable | 41 | €12,865 | €4,909 | -€7,956 | -61.8% |
| Current investments | 50/53 | €250,000 | €200,000 | -€50,000 | -20.0% |
| Cash at bank and in hand | 54/58 | €79,455 | €232,635 | +€153,180 | +193% |
| Deferred charges and accrued income | 490/1 | €3,094 | €2,065 | -€1,029 | -33.3% |
| Total equity and liabilities | 10/49 | €383,822 | €444,684 | +€60,863 | +15.9% |
| Equity | 10/15 | €347,194 | €263,424 | -€83,770 | -24.1% |
| Contributions | 10/11 | €21,239 | €21,239 | = | 0.0% |
| Reserves | 13 | €168,888 | €85,000 | -€83,888 | -49.7% |
| Distributable reserves | 133 | €168,888 | €85,000 | -€83,888 | -49.7% |
| Profit (loss) carried forward | 14 | €157,068 | €157,186 | +€118 | +0.1% |
| Amounts payable | 17/49 | €36,628 | €181,260 | +€144,632 | +395% |
| Amounts payable within one year | 42/48 | €35,339 | €181,260 | +€145,921 | +413% |
| Trade debts | 44 | €6,090 | €222 | -€5,868 | -96.4% |
| Suppliers | 440/4 | €6,090 | €222 | -€5,868 | -96.4% |
| Taxes, remuneration and social security | 45 | €28,625 | €20,594 | -€8,031 | -28.1% |
| Taxes | 450/3 | €28,625 | €20,594 | -€8,031 | -28.1% |
| Other amounts payable | 47/48 | €624 | €160,444 | +€159,819 | +25,608% |
| Accrued charges and deferred income | 492/3 | €1,288 | - | -€1,288 | |
| Non-recurring operating income | 76A | - | €112,812 | +€112,812 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,726 | €125 | -€8,601 | -98.6% |
| Other operating charges | 640/8 | €993 | €1,725 | +€732 | +73.7% |
| Gross operating margin | 9900 | -€8,881 | €125,792 | +€134,673 | |
| Operating profit (loss) | 9901 | -€18,600 | €123,943 | +€142,543 | |
| Financial income | 75/76B | €8,393 | €1,761 | -€6,632 | -79.0% |
| Recurring financial income | 75 | €8,393 | €1,761 | -€6,632 | -79.0% |
| Financial charges | 65/66B | €108 | €201 | +€93 | +85.8% |
| Recurring financial charges | 65 | €108 | €201 | +€93 | +85.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,315 | €125,503 | +€135,818 | |
| Transfer from deferred taxes | 780 | €32,017 | - | -€32,017 | |
| Income taxes | 67/77 | €22,168 | €40,385 | +€18,217 | +82.2% |
| Profit (loss) for the period | 9904 | -€465 | €85,118 | +€85,584 | |
| Transfer from tax-exempt reserves | 789 | €77,304 | - | -€77,304 | |
| Profit (loss) for the period to be appropriated | 9905 | €76,839 | €85,118 | +€8,279 | +10.8% |
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 31 October 2026 via checked.be.