SMOOTHLY: what changed
SMOOTHLY
Largest movements
- Receivables within one year +€31,786
up €31,786 (+94.1%), from €33,768 to €65,554
of which Trade receivables: +€16,087
- Cash -€5,181
down €5,181 (-13.7%), from €37,827 to €32,646
mainly Receivables within one year (-€31,786) and Contributions, distributions and other (-€17,203)
- Tangible fixed assets -€1,969
down €1,969 (-20.0%), from €9,819 to €7,851
of which Furniture and vehicles: -€1,641
- Other debts +€14,682
up €14,682 (+582%), from €2,521 to €17,203
- Tax, wage and social debts +€4,180
up €4,180 (+91.3%), from €4,576 to €8,757
of which Remuneration and social security: +€2,123
- Reserves +€3,269
up €3,269 (+4.9%), from €66,853 to €70,122
- Trade debts +€2,368
up €2,368 (+110%), from €2,160 to €4,528
- Gross operating margin +€7,361
up €7,361 (+30.4%), from €24,181 to €31,542
- Taxes +€1,952
up €1,952 (+31.0%), from €6,292 to €8,244
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,605 | €107,059 | +€24,455 | +29.6% |
| Fixed assets | 21/28 | €9,884 | €7,915 | -€1,969 | -19.9% |
| Tangible fixed assets | 22/27 | €9,819 | €7,851 | -€1,969 | -20.0% |
| Furniture and vehicles | 24 | €6,891 | €5,249 | -€1,641 | -23.8% |
| Other tangible fixed assets | 26 | €2,929 | €2,601 | -€327 | -11.2% |
| Financial fixed assets | 28 | €65 | €65 | = | 0.0% |
| Current assets | 29/58 | €72,721 | €99,144 | +€26,423 | +36.3% |
| Amounts receivable within one year | 40/41 | €33,768 | €65,554 | +€31,786 | +94.1% |
| Trade receivables | 40 | €33,768 | €49,855 | +€16,087 | +47.6% |
| Other amounts receivable | 41 | - | €15,698 | +€15,698 | |
| Cash at bank and in hand | 54/58 | €37,827 | €32,646 | -€5,181 | -13.7% |
| Deferred charges and accrued income | 490/1 | €1,126 | €944 | -€182 | -16.1% |
| Total equity and liabilities | 10/49 | €82,605 | €107,059 | +€24,455 | +29.6% |
| Equity | 10/15 | €73,205 | €76,473 | +€3,269 | +4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €66,853 | €70,122 | +€3,269 | +4.9% |
| Distributable reserves | 133 | €66,853 | €70,122 | +€3,269 | +4.9% |
| Profit (loss) carried forward | 14 | €152 | €152 | = | 0.0% |
| Amounts payable | 17/49 | €9,400 | €30,586 | +€21,186 | +225% |
| Amounts payable within one year | 42/48 | €9,258 | €30,487 | +€21,230 | +229% |
| Trade debts | 44 | €2,160 | €4,528 | +€2,368 | +110% |
| Suppliers | 440/4 | €2,160 | €4,528 | +€2,368 | +110% |
| Taxes, remuneration and social security | 45 | €4,576 | €8,757 | +€4,180 | +91.3% |
| Taxes | 450/3 | €4,576 | €6,634 | +€2,058 | +45.0% |
| Remuneration and social security | 454/9 | €0 | €2,123 | +€2,123 | |
| Other amounts payable | 47/48 | €2,521 | €17,203 | +€14,682 | +582% |
| Accrued charges and deferred income | 492/3 | €142 | €99 | -€43 | -30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,224 | €1,969 | -€256 | -11.5% |
| Other operating charges | 640/8 | €1,317 | €1,198 | -€119 | -9.0% |
| Gross operating margin | 9900 | €24,181 | €31,542 | +€7,361 | +30.4% |
| Operating profit (loss) | 9901 | €20,639 | €28,375 | +€7,735 | +37.5% |
| Financial income | 75/76B | €331 | €464 | +€133 | +40.3% |
| Recurring financial income | 75 | €331 | €464 | +€133 | +40.3% |
| Financial charges | 65/66B | €125 | €123 | -€2 | -1.5% |
| Recurring financial charges | 65 | €125 | €123 | -€2 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €20,845 | €28,715 | +€7,871 | +37.8% |
| Income taxes | 67/77 | €6,292 | €8,244 | +€1,952 | +31.0% |
| Profit (loss) for the period | 9904 | €14,553 | €20,471 | +€5,918 | +40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,553 | €20,471 | +€5,918 | +40.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.