SMOOVED: 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.
SMOOVED
Largest movements
- Intangible fixed assets -€349,760
down €349,760 (-33.2%), from €1.1m to €703,654
- Cash -€348,509
down €348,509 (-52.3%), from €665,927 to €317,418
mainly Net result for the year (-€647,315) and Debts after one year (-€253,526)
- Receivables within one year +€185,259
up €185,259 (+48.9%), from €378,810 to €564,069
of which Trade receivables: +€197,894
- Deferred charges and accrued income -€56,262
down €56,262 (-91.7%), from €61,332 to €5,070
- Profit (loss) carried forward -€647,315
down €647,315 (-44.6%), from -€1.5m to -€2.1m
- Other debts +€399,243
up €399,243 (+52,756%), from €757 to €400,000
- Debts after one year -€253,526
down €253,526 (-98.5%), from €257,408 to €3,882
- Current portion of long-term debt -€60,246
down €60,246 (-55.9%), from €107,728 to €47,482
- Tax, wage and social debts +€45,865
up €45,865 (+95.5%), from €48,012 to €93,877
of which Remuneration and social security: +€35,913
- Staff costs +€72,808
up €72,808 (+14.8%), from €493,141 to €565,949
- Depreciation +€32,961
up €32,961 (+11.2%), from €295,280 to €328,241
- Financial charges +€11,780
up €11,780 (+66.1%), from €17,807 to €29,587
- Write-downs +€8,487
new in 2025: €8,487
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 | €2,187,162 | €1,614,305 | -€572,857 | -26.2% |
| Fixed assets | 21/28 | €1,081,094 | €727,748 | -€353,346 | -32.7% |
| Intangible fixed assets | 21 | €1,053,414 | €703,654 | -€349,760 | -33.2% |
| Tangible fixed assets | 22/27 | €7,763 | €4,177 | -€3,586 | -46.2% |
| Furniture and vehicles | 24 | €7,763 | €4,177 | -€3,586 | -46.2% |
| Financial fixed assets | 28 | €19,917 | €19,917 | -€0 | 0.0% |
| Current assets | 29/58 | €1,106,068 | €886,557 | -€219,511 | -19.8% |
| Amounts receivable within one year | 40/41 | €378,810 | €564,069 | +€185,259 | +48.9% |
| Trade receivables | 40 | €365,063 | €562,957 | +€197,894 | +54.2% |
| Other amounts receivable | 41 | €13,746 | €1,112 | -€12,634 | -91.9% |
| Cash at bank and in hand | 54/58 | €665,927 | €317,418 | -€348,509 | -52.3% |
| Deferred charges and accrued income | 490/1 | €61,332 | €5,070 | -€56,262 | -91.7% |
| Total equity and liabilities | 10/49 | €2,187,162 | €1,614,305 | -€572,857 | -26.2% |
| Equity | 10/15 | €1,013,831 | €395,495 | -€618,336 | -61.0% |
| Contributions | 10/11 | €2,465,256 | €2,494,235 | +€28,979 | +1.2% |
| Profit (loss) carried forward | 14 | -€1,451,425 | -€2,098,740 | -€647,315 | -44.6% |
| Amounts payable | 17/49 | €1,173,330 | €1,218,810 | +€45,480 | +3.9% |
| Amounts payable after more than one year | 17 | €257,408 | €3,882 | -€253,526 | -98.5% |
| Financial debts | 170/4 | €257,408 | €3,882 | -€253,526 | -98.5% |
| Amounts payable within one year | 42/48 | €835,287 | €1,170,511 | +€335,224 | +40.1% |
| Current portion of amounts payable after more than one year | 42 | €107,728 | €47,482 | -€60,246 | -55.9% |
| Financial debts | 43 | €15,362 | - | -€15,362 | |
| Other loans | 439 | €15,362 | - | -€15,362 | |
| Trade debts | 44 | €663,428 | €629,152 | -€34,276 | -5.2% |
| Suppliers | 440/4 | €663,428 | €629,152 | -€34,276 | -5.2% |
| Taxes, remuneration and social security | 45 | €48,012 | €93,877 | +€45,865 | +95.5% |
| Taxes | 450/3 | €7,498 | €17,450 | +€9,952 | +133% |
| Remuneration and social security | 454/9 | €40,514 | €76,427 | +€35,913 | +88.6% |
| Other amounts payable | 47/48 | €757 | €400,000 | +€399,243 | +52,756% |
| Accrued charges and deferred income | 492/3 | €80,635 | €44,417 | -€36,218 | -44.9% |
| Remuneration, social security and pensions | 62 | €493,141 | €565,949 | +€72,808 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €295,280 | €328,241 | +€32,961 | +11.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,487 | +€8,487 | |
| Other operating charges | 640/8 | €118 | €2,230 | +€2,112 | +1,790% |
| Gross operating margin | 9900 | €287,893 | €285,338 | -€2,555 | -0.9% |
| Operating profit (loss) | 9901 | -€500,646 | -€619,569 | -€118,923 | -23.8% |
| Financial income | 75/76B | €1,793 | €3,259 | +€1,466 | +81.8% |
| Recurring financial income | 75 | €1,793 | €3,259 | +€1,466 | +81.8% |
| Financial charges | 65/66B | €17,807 | €29,587 | +€11,780 | +66.1% |
| Recurring financial charges | 65 | €17,807 | €29,587 | +€11,780 | +66.1% |
| Profit (loss) for the period before taxes | 9903 | -€516,660 | -€645,897 | -€129,237 | -25.0% |
| Income taxes | 67/77 | €1,283 | €1,418 | +€135 | +10.5% |
| Profit (loss) for the period | 9904 | -€517,944 | -€647,315 | -€129,371 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€517,944 | -€647,315 | -€129,371 | -25.0% |
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 13 October 2026 via checked.be.