Sm@rTTEC: 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.
What changed
Sm@rTTEC
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€6,468
2024 · €1,868-€8,336
Equity
€12,254
2024 · €18,722-€6,468
Cash
€4,819
2024 · €5,938-€1,119
Balance sheet total
€863,963
2024 · €20,344+€843,620
Largest movements
Assets
- Financial fixed assets +€850,000
new in 2025: €850,000
Equity and liabilities
- Debts after one year +€674,075
new in 2025: €674,075
- Other debts +€103,084
new in 2025: €103,084
- Current portion of long-term debt +€61,008
new in 2025: €61,008
Income statement
- Financial charges +€5,898
up €5,898 (+3,571%), from €165 to €6,063
- Gross operating margin +€1,756
up €1,756 (+55.4%), from €3,167 to €4,924
- Other operating charges +€403
up €403 (+287%), from €141 to €544
- Depreciation +€391
up €391 (+39.3%), from €994 to €1,385
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.
Result 2024
€1,868
Gross operating margin
+€1,756
Depreciation
-€391
Other operating charges
-€403
Other operating items
-€3,400
Financial charges
-€5,898
Result 2025
-€6,468
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€113,798
Investment
-€850,000
Financing
+€735,083
Cash 2024
€5,938
From operations (derived)
+€113,798
Net result for the year
-€6,468
Depreciation
+€1,385
Receivables within one year
+€3,876
Trade debts
+€1,731
Tax, wage and social debts
+€4,150
Other debts
+€103,084
Accrued charges and deferred income
+€6,041
Investment (derived)
-€850,000
Investment in fixed assets (net)
-€850,000
Financing
+€735,083
Debts after one year
+€674,075
Current portion of long-term debt
+€61,008
Cash 2025
€4,819
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,344 | €863,963 | +€843,620 | +4,147% |
| Fixed assets | 21/28 | €3,161 | €851,776 | +€848,615 | +26,844% |
| Tangible fixed assets | 22/27 | €3,161 | €1,776 | -€1,385 | -43.8% |
| Furniture and vehicles | 24 | €3,161 | €1,776 | -€1,385 | -43.8% |
| Financial fixed assets | 28 | - | €850,000 | +€850,000 | |
| Current assets | 29/58 | €17,182 | €12,187 | -€4,995 | -29.1% |
| Amounts receivable within one year | 40/41 | €11,245 | €7,369 | -€3,876 | -34.5% |
| Trade receivables | 40 | - | €7,260 | +€7,260 | |
| Other amounts receivable | 41 | €11,245 | €109 | -€11,136 | -99.0% |
| Cash at bank and in hand | 54/58 | €5,938 | €4,819 | -€1,119 | -18.8% |
| Total equity and liabilities | 10/49 | €20,344 | €863,963 | +€843,620 | +4,147% |
| Equity | 10/15 | €18,722 | €12,254 | -€6,468 | -34.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,309 | €11,309 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €10,689 | €10,689 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,213 | -€5,255 | -€6,468 | |
| Amounts payable | 17/49 | €1,621 | €851,710 | +€850,088 | +52,429% |
| Amounts payable after more than one year | 17 | - | €674,075 | +€674,075 | |
| Financial debts | 170/4 | - | €674,075 | +€674,075 | |
| Amounts payable within one year | 42/48 | €1,621 | €171,594 | +€169,973 | +10,483% |
| Current portion of amounts payable after more than one year | 42 | - | €61,008 | +€61,008 | |
| Trade debts | 44 | €1,621 | €3,352 | +€1,731 | +107% |
| Suppliers | 440/4 | €1,621 | €3,352 | +€1,731 | +107% |
| Taxes, remuneration and social security | 45 | - | €4,150 | +€4,150 | |
| Taxes | 450/3 | - | €4,150 | +€4,150 | |
| Other amounts payable | 47/48 | - | €103,084 | +€103,084 | |
| Accrued charges and deferred income | 492/3 | - | €6,041 | +€6,041 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €994 | €1,385 | +€391 | +39.3% |
| Other operating charges | 640/8 | €141 | €544 | +€403 | +287% |
| Non-recurring operating charges | 66A | - | €3,400 | +€3,400 | |
| Gross operating margin | 9900 | €3,167 | €4,924 | +€1,756 | +55.4% |
| Operating profit (loss) | 9901 | €2,033 | -€405 | -€2,438 | |
| Financial charges | 65/66B | €165 | €6,063 | +€5,898 | +3,571% |
| Recurring financial charges | 65 | €165 | €6,063 | +€5,898 | +3,571% |
| Profit (loss) for the period before taxes | 9903 | €1,868 | -€6,468 | -€8,336 | |
| Profit (loss) for the period | 9904 | €1,868 | -€6,468 | -€8,336 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,868 | -€6,468 | -€8,336 |
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 23 October 2026 via checked.be.