Global Smart Services: 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.
Global Smart Services
Largest movements
- Tangible fixed assets -€1,333
down €1,333 (-44.6%), from €2,991 to €1,658
- Cash -€825
down €825 (-19.8%), from €4,161 to €3,336
mainly Net result for the year (-€1,485) and Tax, wage and social debts (-€240)
- Receivables within one year +€221
up €221 (+25.9%), from €852 to €1,073
of which Other amounts receivable: +€370
- Profit (loss) carried forward -€1,485
down €1,485, from €959 to -€526
- Tax, wage and social debts -€240
no longer reported in 2025 (was €240)
- Other debts -€184
down €184 (-4.8%), from €3,854 to €3,670
- Gross operating margin -€2,912
down €2,912, from €2,760 to -€152
- Depreciation +€324
up €324 (+32.1%), from €1,009 to €1,333
- Taxes -€240
no longer reported in 2025 (was €240)
- Other operating charges -€64
no longer reported in 2025 (was €64)
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 | €8,082 | €6,144 | -€1,938 | -24.0% |
| Fixed assets | 21/28 | €3,069 | €1,736 | -€1,333 | -43.4% |
| Tangible fixed assets | 22/27 | €2,991 | €1,658 | -€1,333 | -44.6% |
| Plant, machinery and equipment | 23 | €2,991 | €1,658 | -€1,333 | -44.6% |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €5,013 | €4,408 | -€604 | -12.1% |
| Amounts receivable within one year | 40/41 | €852 | €1,073 | +€221 | +25.9% |
| Trade receivables | 40 | €149 | - | -€149 | |
| Other amounts receivable | 41 | €703 | €1,073 | +€370 | +52.6% |
| Cash at bank and in hand | 54/58 | €4,161 | €3,336 | -€825 | -19.8% |
| Total equity and liabilities | 10/49 | €8,082 | €6,144 | -€1,938 | -24.0% |
| Equity | 10/15 | €3,959 | €2,474 | -€1,485 | -37.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €959 | -€526 | -€1,485 | |
| Amounts payable | 17/49 | €4,123 | €3,670 | -€452 | -11.0% |
| Amounts payable within one year | 42/48 | €4,123 | €3,670 | -€452 | -11.0% |
| Trade debts | 44 | €29 | - | -€29 | |
| Suppliers | 440/4 | €29 | - | -€29 | |
| Taxes, remuneration and social security | 45 | €240 | - | -€240 | |
| Taxes | 450/3 | €240 | - | -€240 | |
| Other amounts payable | 47/48 | €3,854 | €3,670 | -€184 | -4.8% |
| Non-recurring operating income | 76A | - | €72 | +€72 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,009 | €1,333 | +€324 | +32.1% |
| Other operating charges | 640/8 | €64 | - | -€64 | |
| Gross operating margin | 9900 | €2,760 | -€152 | -€2,912 | |
| Operating profit (loss) | 9901 | €1,687 | -€1,485 | -€3,172 | |
| Financial charges | 65/66B | €6 | - | -€6 | |
| Recurring financial charges | 65 | €6 | - | -€6 | |
| Profit (loss) for the period before taxes | 9903 | €1,681 | -€1,485 | -€3,166 | |
| Income taxes | 67/77 | €240 | - | -€240 | |
| Profit (loss) for the period | 9904 | €1,441 | -€1,485 | -€2,926 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,441 | -€1,485 | -€2,926 |
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 17 October 2026 via checked.be.