IT SMART CONTRACTS: 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.
IT SMART CONTRACTS
Largest movements
- Cash -€3,168
down €3,168 (-86.1%), from €3,679 to €511
mainly Net result for the year (-€18,303) and Tax, wage and social debts (-€2,036)
- Receivables within one year +€1,874
up €1,874 (+223.0%), from €840 to €2,715
of which Trade receivables: +€1,879
- Tangible fixed assets -€1,725
down €1,725 (-36.7%), from €4,697 to €2,972
- Profit (loss) carried forward -€18,303
down €18,303 (-92.6%), from -€19,770 to -€38,074
- Other debts +€15,870
up €15,870 (+107.6%), from €14,755 to €30,625
- Tax, wage and social debts -€2,036
down €2,036 (-22.5%), from €9,067 to €7,031
of which Remuneration and social security: -€3,660
- Accrued charges and deferred income +€1,800
new in 2025: €1,800
- Trade debts -€349
down €349 (-11.0%), from €3,164 to €2,815
- Staff costs -€19,437
down €19,437 (-64.3%), from €30,246 to €10,809
- Gross operating margin -€18,498
down €18,498, from €14,269 to -€4,229
- Other operating charges -€1,419
down €1,419 (-75.2%), from €1,888 to €469
- Financial charges -€415
down €415 (-27.9%), from €1,487 to €1,072
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 | €9,216 | €6,198 | -€3,018 | -32.7% |
| Fixed assets | 21/28 | €4,697 | €2,972 | -€1,725 | -36.7% |
| Tangible fixed assets | 22/27 | €4,697 | €2,972 | -€1,725 | -36.7% |
| Furniture and vehicles | 24 | €4,697 | €2,972 | -€1,725 | -36.7% |
| Current assets | 29/58 | €4,519 | €3,226 | -€1,293 | -28.6% |
| Amounts receivable within one year | 40/41 | €840 | €2,715 | +€1,874 | +223.0% |
| Trade receivables | 40 | €836 | €2,715 | +€1,879 | +224.7% |
| Other amounts receivable | 41 | €4 | - | -€4 | |
| Cash at bank and in hand | 54/58 | €3,679 | €511 | -€3,168 | -86.1% |
| Total equity and liabilities | 10/49 | €9,216 | €6,198 | -€3,018 | -32.7% |
| Equity | 10/15 | -€17,770 | -€36,074 | -€18,303 | -103.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,770 | -€38,074 | -€18,303 | -92.6% |
| Amounts payable | 17/49 | €26,986 | €42,272 | +€15,285 | +56.6% |
| Amounts payable within one year | 42/48 | €26,986 | €40,472 | +€13,485 | +50.0% |
| Trade debts | 44 | €3,164 | €2,815 | -€349 | -11.0% |
| Suppliers | 440/4 | €3,164 | €2,815 | -€349 | -11.0% |
| Taxes, remuneration and social security | 45 | €9,067 | €7,031 | -€2,036 | -22.5% |
| Taxes | 450/3 | €3,999 | €5,622 | +€1,623 | +40.6% |
| Remuneration and social security | 454/9 | €5,068 | €1,409 | -€3,660 | -72.2% |
| Other amounts payable | 47/48 | €14,755 | €30,625 | +€15,870 | +107.6% |
| Accrued charges and deferred income | 492/3 | - | €1,800 | +€1,800 | |
| Remuneration, social security and pensions | 62 | €30,246 | €10,809 | -€19,437 | -64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,587 | €1,725 | +€137 | +8.7% |
| Other operating charges | 640/8 | €1,888 | €469 | -€1,419 | -75.2% |
| Gross operating margin | 9900 | €14,269 | -€4,229 | -€18,498 | |
| Operating profit (loss) | 9901 | -€19,452 | -€17,231 | +€2,221 | +11.4% |
| Financial charges | 65/66B | €1,487 | €1,072 | -€415 | -27.9% |
| Recurring financial charges | 65 | €1,487 | €1,072 | -€415 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,939 | -€18,303 | +€2,636 | +12.6% |
| Income taxes | 67/77 | €128 | - | -€128 | |
| Profit (loss) for the period | 9904 | -€21,067 | -€18,303 | +€2,764 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,067 | -€18,303 | +€2,764 | +13.1% |
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 2 October 2026 via checked.be.