SMOOTH WALL: 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.
SMOOTH WALL
Largest movements
- Tangible fixed assets +€7,399
up €7,399 (+212.1%), from €3,489 to €10,887
of which Furniture and vehicles: +€7,305
- Receivables within one year +€7,013
up €7,013 (+209.0%), from €3,356 to €10,368
of which Trade receivables: +€8,009
- Cash +€4,464
up €4,464 (+63.1%), from €7,078 to €11,541
mainly Net result for the year (+€12,136) and Trade debts (+€7,793)
- Deferred charges and accrued income +€747
new in 2025: €747
- Intangible fixed assets -€557
down €557 (-21.2%), from €2,621 to €2,065
- Trade debts +€7,793
up €7,793 (+487.9%), from €1,597 to €9,390
- Profit (loss) carried forward +€7,136
up €7,136 (+824.4%), from €866 to €8,001
- Reserves +€5,000
new in 2025: €5,000
- Other debts -€2,425
down €2,425 (-95.7%), from €2,534 to €109
- Tax, wage and social debts +€2,377
up €2,377 (+24.4%), from €9,731 to €12,108
of which Taxes: +€3,104
- Gross operating margin +€50,765
up €50,765 (+172.3%), from €29,462 to €80,227
- Staff costs +€29,596
up €29,596 (+107.4%), from €27,546 to €57,142
- Depreciation +€4,218
up €4,218 (+806.0%), from €523 to €4,741
- Taxes +€3,693
up €3,693 (+878.9%), from €420 to €4,114
- Other operating charges +€2,009
new in 2025: €2,009
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 | €16,543 | €35,608 | +€19,065 | +115.2% |
| Fixed assets | 21/28 | €6,110 | €12,952 | +€6,842 | +112.0% |
| Intangible fixed assets | 21 | €2,621 | €2,065 | -€557 | -21.2% |
| Tangible fixed assets | 22/27 | €3,489 | €10,887 | +€7,399 | +212.1% |
| Plant, machinery and equipment | 23 | €3,129 | €3,222 | +€93 | +3.0% |
| Furniture and vehicles | 24 | €360 | €7,665 | +€7,305 | +2029.9% |
| Current assets | 29/58 | €10,433 | €22,657 | +€12,223 | +117.2% |
| Amounts receivable within one year | 40/41 | €3,356 | €10,368 | +€7,013 | +209.0% |
| Trade receivables | 40 | €1,933 | €9,942 | +€8,009 | +414.3% |
| Other amounts receivable | 41 | €1,423 | €427 | -€996 | -70.0% |
| Cash at bank and in hand | 54/58 | €7,078 | €11,541 | +€4,464 | +63.1% |
| Deferred charges and accrued income | 490/1 | - | €747 | +€747 | |
| Total equity and liabilities | 10/49 | €16,543 | €35,608 | +€19,065 | +115.2% |
| Equity | 10/15 | €1,866 | €14,001 | +€12,136 | +650.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €5,000 | +€5,000 | |
| Distributable reserves | 133 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €866 | €8,001 | +€7,136 | +824.4% |
| Amounts payable | 17/49 | €14,677 | €21,607 | +€6,930 | +47.2% |
| Amounts payable within one year | 42/48 | €13,862 | €21,607 | +€7,745 | +55.9% |
| Trade debts | 44 | €1,597 | €9,390 | +€7,793 | +487.9% |
| Suppliers | 440/4 | €1,597 | €9,390 | +€7,793 | +487.9% |
| Taxes, remuneration and social security | 45 | €9,731 | €12,108 | +€2,377 | +24.4% |
| Taxes | 450/3 | €2,059 | €5,163 | +€3,104 | +150.8% |
| Remuneration and social security | 454/9 | €7,672 | €6,944 | -€727 | -9.5% |
| Other amounts payable | 47/48 | €2,534 | €109 | -€2,425 | -95.7% |
| Accrued charges and deferred income | 492/3 | €815 | - | -€815 | |
| Remuneration, social security and pensions | 62 | €27,546 | €57,142 | +€29,596 | +107.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €523 | €4,741 | +€4,218 | +806.0% |
| Other operating charges | 640/8 | - | €2,009 | +€2,009 | |
| Gross operating margin | 9900 | €29,462 | €80,227 | +€50,765 | +172.3% |
| Operating profit (loss) | 9901 | €1,393 | €16,335 | +€14,942 | +1072.8% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €107 | €86 | -€21 | -19.5% |
| Recurring financial charges | 65 | €107 | €86 | -€21 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €1,286 | €16,249 | +€14,963 | +1163.7% |
| Income taxes | 67/77 | €420 | €4,114 | +€3,693 | +878.9% |
| Profit (loss) for the period | 9904 | €866 | €12,136 | +€11,270 | +1302.1% |
| Profit (loss) for the period to be appropriated | 9905 | €866 | €12,136 | +€11,270 | +1302.1% |
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 9 October 2026 via checked.be.