H&S SMARTBOARDSERVICE: 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.
H&S SMARTBOARDSERVICE
Largest movements
- Receivables within one year +€47,055
up €47,055 (+63.3%), from €74,293 to €121,347
of which Other amounts receivable: +€44,488
- Tangible fixed assets +€7,987
up €7,987 (+340%), from €2,347 to €10,334
of which Furniture and vehicles: +€6,018
- Cash +€4,372
up €4,372 (+8,927%), from €49 to €4,421
mainly Net result for the year (+€45,693) and Tax, wage and social debts (+€11,973)
- Reserves +€45,693
up €45,693 (+80.4%), from €56,809 to €102,502
- Tax, wage and social debts +€11,973
up €11,973 (+81.9%), from €14,615 to €26,588
- Trade debts +€1,748
up €1,748 (+63.2%), from €2,764 to €4,512
- Gross operating margin -€15,679
down €15,679 (-21.6%), from €72,717 to €57,038
- Financial income +€2,860
up €2,860 (+139%), from €2,058 to €4,918
- Taxes -€2,396
down €2,396 (-16.4%), from €14,615 to €12,219
- Depreciation +€867
up €867 (+292%), from €297 to €1,164
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 | €76,689 | €136,102 | +€59,414 | +77.5% |
| Fixed assets | 21/28 | €2,347 | €10,334 | +€7,987 | +340% |
| Tangible fixed assets | 22/27 | €2,347 | €10,334 | +€7,987 | +340% |
| Plant, machinery and equipment | 23 | - | €1,969 | +€1,969 | |
| Furniture and vehicles | 24 | €2,347 | €8,365 | +€6,018 | +256% |
| Current assets | 29/58 | €74,342 | €125,769 | +€51,427 | +69.2% |
| Amounts receivable within one year | 40/41 | €74,293 | €121,347 | +€47,055 | +63.3% |
| Trade receivables | 40 | €4,155 | €6,721 | +€2,567 | +61.8% |
| Other amounts receivable | 41 | €70,138 | €114,626 | +€44,488 | +63.4% |
| Cash at bank and in hand | 54/58 | €49 | €4,421 | +€4,372 | +8,927% |
| Total equity and liabilities | 10/49 | €76,689 | €136,102 | +€59,414 | +77.5% |
| Equity | 10/15 | €59,309 | €105,002 | +€45,693 | +77.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €56,809 | €102,502 | +€45,693 | +80.4% |
| Distributable reserves | 133 | €56,809 | €102,502 | +€45,693 | +80.4% |
| Amounts payable | 17/49 | €17,379 | €31,100 | +€13,721 | +78.9% |
| Amounts payable within one year | 42/48 | €17,379 | €31,100 | +€13,721 | +78.9% |
| Trade debts | 44 | €2,764 | €4,512 | +€1,748 | +63.2% |
| Suppliers | 440/4 | €2,764 | €4,512 | +€1,748 | +63.2% |
| Taxes, remuneration and social security | 45 | €14,615 | €26,588 | +€11,973 | +81.9% |
| Taxes | 450/3 | €14,615 | €26,588 | +€11,973 | +81.9% |
| Remuneration, social security and pensions | 62 | €643 | €76 | -€567 | -88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €297 | €1,164 | +€867 | +292% |
| Other operating charges | 640/8 | €2,409 | €2,771 | +€362 | +15.0% |
| Gross operating margin | 9900 | €72,717 | €57,038 | -€15,679 | -21.6% |
| Operating profit (loss) | 9901 | €69,368 | €53,026 | -€16,342 | -23.6% |
| Financial income | 75/76B | €2,058 | €4,918 | +€2,860 | +139% |
| Recurring financial income | 75 | €2,058 | €4,918 | +€2,860 | +139% |
| Financial charges | 65/66B | €2 | €32 | +€30 | +1,670% |
| Recurring financial charges | 65 | €2 | €32 | +€30 | +1,670% |
| Profit (loss) for the period before taxes | 9903 | €71,424 | €57,912 | -€13,512 | -18.9% |
| Income taxes | 67/77 | €14,615 | €12,219 | -€2,396 | -16.4% |
| Profit (loss) for the period | 9904 | €56,809 | €45,693 | -€11,117 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,809 | €45,693 | -€11,117 | -19.6% |
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 29 October 2026 via checked.be.