SL Smart Solutions: 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.
SL Smart Solutions
Largest movements
- Cash +€72,537
up €72,537 (+166%), from €43,806 to €116,344
mainly Net result for the year (+€109,998) and Tax, wage and social debts (+€28,551)
- Receivables within one year -€22,496
down €22,496 (-38.4%), from €58,593 to €36,097
of which Trade receivables: -€19,371
- Tangible fixed assets -€12,350
down €12,350 (-21.4%), from €57,674 to €45,324
of which Furniture and vehicles: -€11,310
- Deferred charges and accrued income -€2,445
no longer reported in 2025 (was €2,445)
- Profit (loss) carried forward +€109,998
up €109,998, from -€36,275 to €73,723
- Other debts -€95,642
down €95,642 (-61.3%), from €156,075 to €60,434
- Tax, wage and social debts +€28,551
up €28,551 (+167%), from €17,100 to €45,651
- Trade debts -€7,662
down €7,662 (-33.4%), from €22,918 to €15,257
- Gross operating margin +€99,046
up €99,046 (+111%), from €89,294 to €188,339
- Write-downs +€40,040
new in 2025: €40,040
- Taxes +€24,394
up €24,394 (+3,949%), from €618 to €25,012
- Depreciation +€11,065
up €11,065 (+861%), from €1,285 to €12,350
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 | €164,818 | €200,065 | +€35,246 | +21.4% |
| Fixed assets | 21/28 | €59,974 | €47,624 | -€12,350 | -20.6% |
| Tangible fixed assets | 22/27 | €57,674 | €45,324 | -€12,350 | -21.4% |
| Plant, machinery and equipment | 23 | €2,503 | €1,463 | -€1,040 | -41.5% |
| Furniture and vehicles | 24 | €55,171 | €43,861 | -€11,310 | -20.5% |
| Financial fixed assets | 28 | €2,300 | €2,300 | = | 0.0% |
| Current assets | 29/58 | €104,844 | €152,441 | +€47,597 | +45.4% |
| Amounts receivable within one year | 40/41 | €58,593 | €36,097 | -€22,496 | -38.4% |
| Trade receivables | 40 | €55,468 | €36,097 | -€19,371 | -34.9% |
| Other amounts receivable | 41 | €3,125 | - | -€3,125 | |
| Cash at bank and in hand | 54/58 | €43,806 | €116,344 | +€72,537 | +166% |
| Deferred charges and accrued income | 490/1 | €2,445 | - | -€2,445 | |
| Total equity and liabilities | 10/49 | €164,818 | €200,065 | +€35,246 | +21.4% |
| Equity | 10/15 | -€31,275 | €78,723 | +€109,998 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,275 | €73,723 | +€109,998 | |
| Amounts payable | 17/49 | €196,093 | €121,341 | -€74,752 | -38.1% |
| Amounts payable within one year | 42/48 | €196,093 | €121,341 | -€74,752 | -38.1% |
| Trade debts | 44 | €22,918 | €15,257 | -€7,662 | -33.4% |
| Suppliers | 440/4 | €22,918 | €15,257 | -€7,662 | -33.4% |
| Taxes, remuneration and social security | 45 | €17,100 | €45,651 | +€28,551 | +167% |
| Taxes | 450/3 | €17,100 | €45,651 | +€28,551 | +167% |
| Other amounts payable | 47/48 | €156,075 | €60,434 | -€95,642 | -61.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,285 | €12,350 | +€11,065 | +861% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €40,040 | +€40,040 | |
| Other operating charges | 640/8 | €1,160 | €752 | -€408 | -35.2% |
| Non-recurring operating charges | 66A | €4,171 | - | -€4,171 | |
| Gross operating margin | 9900 | €89,294 | €188,339 | +€99,046 | +111% |
| Operating profit (loss) | 9901 | €82,678 | €135,197 | +€52,519 | +63.5% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €337 | €192 | -€145 | -43.0% |
| Recurring financial charges | 65 | €337 | €192 | -€145 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €82,341 | €135,010 | +€52,669 | +64.0% |
| Income taxes | 67/77 | €618 | €25,012 | +€24,394 | +3,949% |
| Profit (loss) for the period | 9904 | €81,723 | €109,998 | +€28,275 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €81,723 | €109,998 | +€28,275 | +34.6% |
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 15 October 2026 via checked.be.