Smovin: 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.
Smovin
Largest movements
- Intangible fixed assets -€64,738
down €64,738 (-8.8%), from €733,183 to €668,446
- Cash -€11,877
down €11,877 (-11.2%), from €106,267 to €94,389
mainly Investment in fixed assets (net) (-€237,076) and Debts after one year (-€151,073)
- Debts after one year -€151,073
down €151,073 (-28.6%), from €528,341 to €377,268
- Accrued charges and deferred income +€87,663
up €87,663 (+27.0%), from €324,998 to €412,661
- Trade debts +€68,154
up €68,154 (+119%), from €57,459 to €125,614
of which Suppliers: +€65,863
- Short-term financial debts -€33,079
down €33,079 (-24.9%), from €133,079 to €100,000
- Profit (loss) carried forward -€26,259
down €26,259 (-1.5%), from -€1.7m to -€1.8m
- Staff costs -€139,801
down €139,801 (-25.7%), from €543,818 to €404,018
- Gross operating margin +€109,020
up €109,020 (+17.2%), from €633,304 to €742,324
- Depreciation +€23,695
up €23,695 (+8.6%), from €274,250 to €297,944
- Financial charges -€23,422
down €23,422 (-33.5%), from €69,992 to €46,570
- Provisions +€14,741
new in 2025: €14,741
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 | €906,468 | €839,044 | -€67,424 | -7.4% |
| Fixed assets | 21/28 | €738,140 | €677,272 | -€60,868 | -8.2% |
| Intangible fixed assets | 21 | €733,183 | €668,446 | -€64,738 | -8.8% |
| Tangible fixed assets | 22/27 | €4,756 | €8,426 | +€3,670 | +77.2% |
| Furniture and vehicles | 24 | €2,537 | €6,528 | +€3,990 | +157% |
| Other tangible fixed assets | 26 | €2,219 | €1,898 | -€321 | -14.5% |
| Financial fixed assets | 28 | €200 | €400 | +€200 | +100% |
| Current assets | 29/58 | €168,328 | €161,772 | -€6,556 | -3.9% |
| Amounts receivable within one year | 40/41 | €54,985 | €59,727 | +€4,742 | +8.6% |
| Trade receivables | 40 | €54,985 | €59,727 | +€4,742 | +8.6% |
| Cash at bank and in hand | 54/58 | €106,267 | €94,389 | -€11,877 | -11.2% |
| Deferred charges and accrued income | 490/1 | €7,076 | €7,656 | +€580 | +8.2% |
| Total equity and liabilities | 10/49 | €906,468 | €839,044 | -€67,424 | -7.4% |
| Equity | 10/15 | -€541,361 | -€567,620 | -€26,259 | -4.9% |
| Contributions | 10/11 | €1,199,315 | €1,199,315 | = | 0.0% |
| Capital | 10 | €1,199,315 | €1,199,315 | = | 0.0% |
| Issued capital | 100 | €1,199,315 | €1,199,315 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,740,676 | -€1,766,935 | -€26,259 | -1.5% |
| Provisions and deferred taxes | 16 | - | €14,741 | +€14,741 | |
| Provisions for liabilities and charges | 160/5 | - | €14,741 | +€14,741 | |
| Other liabilities and charges | 164/5 | - | €14,741 | +€14,741 | |
| Amounts payable | 17/49 | €1,447,829 | €1,391,923 | -€55,906 | -3.9% |
| Amounts payable after more than one year | 17 | €528,341 | €377,268 | -€151,073 | -28.6% |
| Financial debts | 170/4 | €528,341 | €377,268 | -€151,073 | -28.6% |
| Amounts payable within one year | 42/48 | €594,490 | €601,994 | +€7,504 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €322,672 | €320,100 | -€2,572 | -0.8% |
| Financial debts | 43 | €133,079 | €100,000 | -€33,079 | -24.9% |
| Credit institutions | 430/8 | €133,079 | €100,000 | -€33,079 | -24.9% |
| Trade debts | 44 | €57,459 | €125,614 | +€68,154 | +119% |
| Suppliers | 440/4 | €54,793 | €120,656 | +€65,863 | +120% |
| Bills of exchange payable | 441 | €2,666 | €4,958 | +€2,292 | +86.0% |
| Taxes, remuneration and social security | 45 | €77,821 | €52,822 | -€24,999 | -32.1% |
| Taxes | 450/3 | €39,194 | €11,333 | -€27,862 | -71.1% |
| Remuneration and social security | 454/9 | €38,627 | €41,489 | +€2,862 | +7.4% |
| Other amounts payable | 47/48 | €3,458 | €3,458 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €324,998 | €412,661 | +€87,663 | +27.0% |
| Remuneration, social security and pensions | 62 | €543,818 | €404,018 | -€139,801 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274,250 | €297,944 | +€23,695 | +8.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €14,741 | +€14,741 | |
| Other operating charges | 640/8 | €9,750 | €3,858 | -€5,892 | -60.4% |
| Gross operating margin | 9900 | €633,304 | €742,324 | +€109,020 | +17.2% |
| Operating profit (loss) | 9901 | -€194,514 | €21,763 | +€216,277 | |
| Financial income | 75/76B | €127 | €94 | -€33 | -26.3% |
| Recurring financial income | 75 | €127 | €94 | -€33 | -26.3% |
| Financial charges | 65/66B | €69,992 | €46,570 | -€23,422 | -33.5% |
| Recurring financial charges | 65 | €69,992 | €46,570 | -€23,422 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | -€264,379 | -€24,714 | +€239,665 | +90.7% |
| Income taxes | 67/77 | - | €1,545 | +€1,545 | |
| Profit (loss) for the period | 9904 | -€264,379 | -€26,259 | +€238,120 | +90.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€264,379 | -€26,259 | +€238,120 | +90.1% |
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 24 October 2026 via checked.be.