S-mart Services: 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.
S-mart Services
Largest movements
- Receivables within one year +€41,879
up €41,879 (+76.6%), from €54,696 to €96,575
of which Other amounts receivable: +€50,961
- Cash -€29,303
down €29,303 (-55.0%), from €53,295 to €23,992
mainly Receivables within one year (-€41,879) and Trade debts (-€15,598)
- Tangible fixed assets -€2,787
down €2,787 (-44.1%), from €6,327 to €3,540
- Profit (loss) carried forward +€27,035
up €27,035 (+33.5%), from €80,597 to €107,631
- Trade debts -€15,598
down €15,598 (-99.0%), from €15,758 to €161
- Tax, wage and social debts -€1,845
down €1,845 (-12.2%), from €15,160 to €13,315
of which Taxes: -€1,435
- Gross operating margin -€8,238
down €8,238 (-17.9%), from €46,023 to €37,784
- Taxes -€1,823
down €1,823 (-18.6%), from €9,782 to €7,959
- Other operating charges -€1,669
down €1,669 (-68.3%), from €2,443 to €773
- Depreciation +€1,174
up €1,174 (+72.8%), from €1,613 to €2,787
- Financial income +€1,026
up €1,026 (+71.9%), from €1,428 to €2,454
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 | €114,515 | €124,107 | +€9,592 | +8.4% |
| Fixed assets | 21/28 | €6,327 | €3,540 | -€2,787 | -44.1% |
| Tangible fixed assets | 22/27 | €6,327 | €3,540 | -€2,787 | -44.1% |
| Furniture and vehicles | 24 | €6,327 | €3,540 | -€2,787 | -44.1% |
| Current assets | 29/58 | €108,188 | €120,567 | +€12,379 | +11.4% |
| Amounts receivable within one year | 40/41 | €54,696 | €96,575 | +€41,879 | +76.6% |
| Trade receivables | 40 | €25,543 | €16,461 | -€9,082 | -35.6% |
| Other amounts receivable | 41 | €29,153 | €80,114 | +€50,961 | +174.8% |
| Cash at bank and in hand | 54/58 | €53,295 | €23,992 | -€29,303 | -55.0% |
| Deferred charges and accrued income | 490/1 | €197 | €0 | -€197 | -100.0% |
| Total equity and liabilities | 10/49 | €114,515 | €124,107 | +€9,592 | +8.4% |
| Equity | 10/15 | €83,597 | €110,631 | +€27,035 | +32.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,597 | €107,631 | +€27,035 | +33.5% |
| Amounts payable | 17/49 | €30,918 | €13,476 | -€17,443 | -56.4% |
| Amounts payable within one year | 42/48 | €30,918 | €13,476 | -€17,443 | -56.4% |
| Trade debts | 44 | €15,758 | €161 | -€15,598 | -99.0% |
| Suppliers | 440/4 | €15,758 | €161 | -€15,598 | -99.0% |
| Taxes, remuneration and social security | 45 | €15,160 | €13,315 | -€1,845 | -12.2% |
| Taxes | 450/3 | €14,750 | €13,315 | -€1,435 | -9.7% |
| Remuneration and social security | 454/9 | €410 | €0 | -€410 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,613 | €2,787 | +€1,174 | +72.8% |
| Other operating charges | 640/8 | €2,443 | €773 | -€1,669 | -68.3% |
| Gross operating margin | 9900 | €46,023 | €37,784 | -€8,238 | -17.9% |
| Operating profit (loss) | 9901 | €41,967 | €34,224 | -€7,743 | -18.5% |
| Financial income | 75/76B | €1,428 | €2,454 | +€1,026 | +71.9% |
| Recurring financial income | 75 | €1,428 | €2,454 | +€1,026 | +71.9% |
| Financial charges | 65/66B | €1,008 | €1,684 | +€676 | +67.1% |
| Recurring financial charges | 65 | €1,008 | €1,684 | +€676 | +67.1% |
| Profit (loss) for the period before taxes | 9903 | €42,387 | €34,993 | -€7,394 | -17.4% |
| Income taxes | 67/77 | €9,782 | €7,959 | -€1,823 | -18.6% |
| Profit (loss) for the period | 9904 | €32,605 | €27,035 | -€5,571 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,605 | €27,035 | -€5,571 | -17.1% |
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 6 October 2026 via checked.be.