THINK IT SMART: 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.
THINK IT SMART
Largest movements
- Receivables within one year +€2,938
up €2,938 (+73.5%), from €3,995 to €6,933
- Tangible fixed assets -€1,624
down €1,624 (-5.1%), from €31,860 to €30,236
of which Other tangible fixed assets: -€4,067
- Deferred charges and accrued income -€1,407
down €1,407 (-90.9%), from €1,548 to €141
- Cash -€1,258
down €1,258 (-5.2%), from €24,015 to €22,757
mainly Contributions, distributions and other (-€5,000) and Investment in fixed assets (net) (-€4,178)
- Profit (loss) carried forward -€7,578
down €7,578 (-15.1%), from €50,245 to €42,667
- Other debts +€4,237
up €4,237 (+3,817%), from €111 to €4,348
- Trade debts +€2,782
up €2,782 (+170%), from €1,634 to €4,416
- Tax, wage and social debts -€1,136
down €1,136 (-23.3%), from €4,866 to €3,730
of which Taxes: -€2,732
- Gross operating margin -€14,000
down €14,000 (-75.0%), from €18,655 to €4,655
- Taxes -€2,742
down €2,742 (-83.1%), from €3,300 to €558
- Depreciation +€1,079
up €1,079 (+21.3%), from €5,066 to €6,145
- Other operating charges +€400
new in 2025: €400
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 | €61,856 | €60,162 | -€1,694 | -2.7% |
| Formation expenses | 20 | €438 | €95 | -€343 | -78.4% |
| Fixed assets | 21/28 | €31,860 | €30,236 | -€1,624 | -5.1% |
| Tangible fixed assets | 22/27 | €31,860 | €30,236 | -€1,624 | -5.1% |
| Plant, machinery and equipment | 23 | - | €1,764 | +€1,764 | |
| Furniture and vehicles | 24 | €1,800 | €2,479 | +€679 | +37.7% |
| Other tangible fixed assets | 26 | €30,060 | €25,993 | -€4,067 | -13.5% |
| Current assets | 29/58 | €29,558 | €29,831 | +€273 | +0.9% |
| Amounts receivable within one year | 40/41 | €3,995 | €6,933 | +€2,938 | +73.5% |
| Trade receivables | 40 | €3,995 | €6,933 | +€2,938 | +73.5% |
| Cash at bank and in hand | 54/58 | €24,015 | €22,757 | -€1,258 | -5.2% |
| Deferred charges and accrued income | 490/1 | €1,548 | €141 | -€1,407 | -90.9% |
| Total equity and liabilities | 10/49 | €61,856 | €60,162 | -€1,694 | -2.7% |
| Equity | 10/15 | €55,245 | €47,667 | -€7,578 | -13.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,245 | €42,667 | -€7,578 | -15.1% |
| Amounts payable | 17/49 | €6,611 | €12,494 | +€5,883 | +89.0% |
| Amounts payable within one year | 42/48 | €6,611 | €12,494 | +€5,883 | +89.0% |
| Trade debts | 44 | €1,634 | €4,416 | +€2,782 | +170% |
| Suppliers | 440/4 | €1,634 | €4,416 | +€2,782 | +170% |
| Taxes, remuneration and social security | 45 | €4,866 | €3,730 | -€1,136 | -23.3% |
| Taxes | 450/3 | €4,866 | €2,134 | -€2,732 | -56.2% |
| Remuneration and social security | 454/9 | - | €1,597 | +€1,597 | |
| Other amounts payable | 47/48 | €111 | €4,348 | +€4,237 | +3,817% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,066 | €6,145 | +€1,079 | +21.3% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Non-recurring operating charges | 66A | €387 | - | -€387 | |
| Gross operating margin | 9900 | €18,655 | €4,655 | -€14,000 | -75.0% |
| Operating profit (loss) | 9901 | €13,202 | -€1,889 | -€15,091 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €118 | €131 | +€13 | +11.1% |
| Recurring financial charges | 65 | €118 | €131 | +€13 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €13,088 | -€2,020 | -€15,108 | |
| Income taxes | 67/77 | €3,300 | €558 | -€2,742 | -83.1% |
| Profit (loss) for the period | 9904 | €9,788 | -€2,578 | -€12,366 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,788 | -€2,578 | -€12,366 |
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 15 October 2026 via checked.be.