SMPL: what changed
Two fiscal 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.
SMPL
Largest movements
- Receivables within one year +€18,780
up €18,780 (+36.9%), from €50,852 to €69,631
of which Other amounts receivable: +€11,716
- Cash +€7,485
up €7,485 (+70.0%), from €10,689 to €18,173
mainly Other debts (+€47,440) and Net result for the year (+€36,099)
- Tangible fixed assets -€4,695
down €4,695 (-27.1%), from €17,303 to €12,608
of which Furniture and vehicles: -€3,968
- Other debts +€47,440
new in 2025: €47,440
- Profit (loss) carried forward -€38,390
down €38,390 (-100.0%), from €38,390 to €0
- Reserves +€27,049
up €27,049 (+12.1%), from €224,372 to €251,422
of which Distributable reserves: +€27,049
- Trade debts -€11,400
down €11,400 (-92.9%), from €12,270 to €870
- Gross operating margin +€26,282
up €26,282 (+88.8%), from €29,602 to €55,884
- Taxes +€8,404
up €8,404 (+133.6%), from €6,293 to €14,697
- Financial income +€2,762
up €2,762, from €0 to €2,762
- Depreciation +€1,964
up €1,964 (+126.2%), from €1,557 to €3,521
- Financial charges -€1,352
down €1,352 (-29.8%), from €4,530 to €3,178
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 | €310,473 | €334,457 | +€23,984 | +7.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €247,303 | €242,608 | -€4,695 | -1.9% |
| Tangible fixed assets | 22/27 | €17,303 | €12,608 | -€4,695 | -27.1% |
| Plant, machinery and equipment | 23 | €3,343 | €2,616 | -€727 | -21.8% |
| Furniture and vehicles | 24 | €13,961 | €9,993 | -€3,968 | -28.4% |
| Financial fixed assets | 28 | €230,000 | €230,000 | = | 0.0% |
| Current assets | 29/58 | €63,169 | €91,848 | +€28,679 | +45.4% |
| Amounts receivable within one year | 40/41 | €50,852 | €69,631 | +€18,780 | +36.9% |
| Trade receivables | 40 | €1,367 | €8,430 | +€7,064 | +516.8% |
| Other amounts receivable | 41 | €49,485 | €61,201 | +€11,716 | +23.7% |
| Cash at bank and in hand | 54/58 | €10,689 | €18,173 | +€7,485 | +70.0% |
| Deferred charges and accrued income | 490/1 | €1,629 | €4,044 | +€2,415 | +148.3% |
| Total equity and liabilities | 10/49 | €310,473 | €334,457 | +€23,984 | +7.7% |
| Equity | 10/15 | €275,162 | €263,822 | -€11,340 | -4.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €224,372 | €251,422 | +€27,049 | +12.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €224,372 | €251,422 | +€27,049 | +12.1% |
| Profit (loss) carried forward | 14 | €38,390 | €0 | -€38,390 | -100.0% |
| Amounts payable | 17/49 | €35,311 | €70,635 | +€35,325 | +100.0% |
| Amounts payable within one year | 42/48 | €35,311 | €70,635 | +€35,325 | +100.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €12,270 | €870 | -€11,400 | -92.9% |
| Suppliers | 440/4 | €12,270 | €870 | -€11,400 | -92.9% |
| Taxes, remuneration and social security | 45 | €23,041 | €22,325 | -€715 | -3.1% |
| Taxes | 450/3 | €23,041 | €22,325 | -€715 | -3.1% |
| Other amounts payable | 47/48 | - | €47,440 | +€47,440 | |
| Non-recurring operating income | 76A | €3,224 | €4,515 | +€1,291 | +40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,557 | €3,521 | +€1,964 | +126.2% |
| Other operating charges | 640/8 | €2,242 | €1,151 | -€1,090 | -48.6% |
| Gross operating margin | 9900 | €29,602 | €55,884 | +€26,282 | +88.8% |
| Operating profit (loss) | 9901 | €25,803 | €51,212 | +€25,409 | +98.5% |
| Financial income | 75/76B | €0 | €2,762 | +€2,762 | |
| Recurring financial income | 75 | €0 | €2,762 | +€2,762 | |
| Financial charges | 65/66B | €4,530 | €3,178 | -€1,352 | -29.8% |
| Recurring financial charges | 65 | €4,530 | €3,178 | -€1,352 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €21,274 | €50,796 | +€29,522 | +138.8% |
| Income taxes | 67/77 | €6,293 | €14,697 | +€8,404 | +133.6% |
| Profit (loss) for the period | 9904 | €14,981 | €36,099 | +€21,118 | +141.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,981 | €36,099 | +€21,118 | +141.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.