IT-SMC: 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.
IT-SMC
Largest movements
- Cash +€47,415
up €47,415 (+243%), from €19,475 to €66,890
mainly Net result for the year (+€34,140) and Trade debts (+€30,910)
- Current investments -€29,456
no longer reported in 2025 (was €29,456)
- Receivables within one year +€19,141
up €19,141 (+91.5%), from €20,915 to €40,056
of which Trade receivables: +€27,558
- Deferred charges and accrued income +€16,084
up €16,084 (+247%), from €6,518 to €22,602
- Tangible fixed assets -€4,634
down €4,634 (-2.4%), from €196,313 to €191,679
of which Land and buildings: -€6,082
- Reserves +€32,280
up €32,280 (+37.9%), from €85,216 to €117,495
- Trade debts +€30,910
up €30,910 (+596%), from €5,187 to €36,097
- Contributions -€17,000
down €17,000 (-91.4%), from €18,600 to €1,600
- Tax, wage and social debts +€14,711
up €14,711 (+218%), from €6,735 to €21,446
of which Taxes: +€14,551
- Debts after one year -€14,663
down €14,663 (-10.8%), from €136,297 to €121,634
- Gross operating margin +€36,520
up €36,520 (+139%), from €26,186 to €62,706
- Taxes +€11,609
up €11,609 (+159%), from €7,318 to €18,927
- Financial income +€6,631
up €6,631 (+1,183%), from €561 to €7,192
of which Non-recurring financial income: +€6,832
- Other operating charges +€2,563
up €2,563 (+274%), from €934 to €3,497
- Staff costs +€802
up €802 (+4,973%), from €16 to €818
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 | €272,678 | €321,227 | +€48,549 | +17.8% |
| Fixed assets | 21/28 | €196,313 | €191,679 | -€4,634 | -2.4% |
| Tangible fixed assets | 22/27 | €196,313 | €191,679 | -€4,634 | -2.4% |
| Land and buildings | 22 | €186,509 | €180,427 | -€6,082 | -3.3% |
| Plant, machinery and equipment | 23 | €4,244 | €4,042 | -€201 | -4.7% |
| Furniture and vehicles | 24 | €1,664 | €4,287 | +€2,623 | +158% |
| Other tangible fixed assets | 26 | €3,896 | €2,922 | -€974 | -25.0% |
| Current assets | 29/58 | €76,365 | €129,548 | +€53,183 | +69.6% |
| Amounts receivable within one year | 40/41 | €20,915 | €40,056 | +€19,141 | +91.5% |
| Trade receivables | 40 | €12,498 | €40,056 | +€27,558 | +221% |
| Other amounts receivable | 41 | €8,418 | - | -€8,418 | |
| Current investments | 50/53 | €29,456 | - | -€29,456 | |
| Cash at bank and in hand | 54/58 | €19,475 | €66,890 | +€47,415 | +243% |
| Deferred charges and accrued income | 490/1 | €6,518 | €22,602 | +€16,084 | +247% |
| Total equity and liabilities | 10/49 | €272,678 | €321,227 | +€48,549 | +17.8% |
| Equity | 10/15 | €103,816 | €119,095 | +€15,280 | +14.7% |
| Contributions | 10/11 | €18,600 | €1,600 | -€17,000 | -91.4% |
| Reserves | 13 | €85,216 | €117,495 | +€32,280 | +37.9% |
| Distributable reserves | 133 | €85,216 | €117,495 | +€32,280 | +37.9% |
| Amounts payable | 17/49 | €168,862 | €202,132 | +€33,269 | +19.7% |
| Amounts payable after more than one year | 17 | €136,297 | €121,634 | -€14,663 | -10.8% |
| Financial debts | 170/4 | €136,297 | €121,634 | -€14,663 | -10.8% |
| Amounts payable within one year | 42/48 | €28,906 | €78,218 | +€49,312 | +171% |
| Current portion of amounts payable after more than one year | 42 | €14,439 | €14,663 | +€224 | +1.6% |
| Financial debts | 43 | - | €39 | +€39 | |
| Credit institutions | 430/8 | - | €39 | +€39 | |
| Trade debts | 44 | €5,187 | €36,097 | +€30,910 | +596% |
| Suppliers | 440/4 | €5,187 | €36,097 | +€30,910 | +596% |
| Taxes, remuneration and social security | 45 | €6,735 | €21,446 | +€14,711 | +218% |
| Taxes | 450/3 | €5,519 | €20,070 | +€14,551 | +264% |
| Remuneration and social security | 454/9 | €1,216 | €1,376 | +€160 | +13.2% |
| Other amounts payable | 47/48 | €2,545 | €5,972 | +€3,427 | +135% |
| Accrued charges and deferred income | 492/3 | €3,659 | €2,280 | -€1,379 | -37.7% |
| Non-recurring operating income | 76A | - | €20,676 | +€20,676 | |
| Remuneration, social security and pensions | 62 | €16 | €818 | +€802 | +4,973% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,813 | €9,541 | -€272 | -2.8% |
| Other operating charges | 640/8 | €934 | €3,497 | +€2,563 | +274% |
| Gross operating margin | 9900 | €26,186 | €62,706 | +€36,520 | +139% |
| Operating profit (loss) | 9901 | €15,422 | €48,850 | +€33,428 | +217% |
| Financial income | 75/76B | €561 | €7,192 | +€6,631 | +1,183% |
| Recurring financial income | 75 | €561 | €359 | -€201 | -35.9% |
| Non-recurring financial income | 76B | - | €6,832 | +€6,832 | |
| Financial charges | 65/66B | €3,581 | €2,976 | -€605 | -16.9% |
| Recurring financial charges | 65 | €3,581 | €2,976 | -€605 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €12,402 | €53,066 | +€40,664 | +328% |
| Income taxes | 67/77 | €7,318 | €18,927 | +€11,609 | +159% |
| Profit (loss) for the period | 9904 | €5,084 | €34,140 | +€29,056 | +572% |
| Profit (loss) for the period to be appropriated | 9905 | €5,084 | €34,140 | +€29,056 | +572% |
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 19 October 2026 via checked.be.