Smart Assist: 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.
Smart Assist
Largest movements
- Receivables within one year -€64,430
down €64,430 (-65.7%), from €98,116 to €33,687
of which Trade receivables: -€61,854
- Cash +€48,318
up €48,318 (+426%), from €11,334 to €59,652
mainly Receivables within one year (+€64,430) and Depreciation (+€33,650)
- Intangible fixed assets -€26,118
down €26,118 (-72.2%), from €36,165 to €10,047
- Trade debts -€30,139
down €30,139 (-54.5%), from €55,265 to €25,126
- Other debts -€22,344
down €22,344 (-25.0%), from €89,352 to €67,007
- Profit (loss) carried forward +€16,033
up €16,033 (+5.0%), from -€321,482 to -€305,449
- Tax, wage and social debts -€5,570
down €5,570 (-64.8%), from €8,598 to €3,027
of which Taxes: -€3,376
- Turnover +€249,432
new in 2025: €249,432
- Purchases and services +€196,673
new in 2025: €196,673
- Depreciation -€64,238
down €64,238 (-65.6%), from €97,887 to €33,650
- Staff costs -€64,044
down €64,044, from €62,222 to -€1,822
- Gross operating margin -€36,941
down €36,941 (-41.2%), from €89,699 to €52,759
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 | €151,732 | €109,712 | -€42,020 | -27.7% |
| Fixed assets | 21/28 | €37,228 | €10,658 | -€26,570 | -71.4% |
| Intangible fixed assets | 21 | €36,165 | €10,047 | -€26,118 | -72.2% |
| Tangible fixed assets | 22/27 | €1,062 | €611 | -€452 | -42.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,062 | €611 | -€452 | -42.5% |
| Current assets | 29/58 | €114,504 | €99,054 | -€15,451 | -13.5% |
| Stocks and contracts in progress | 3 | €4,083 | €4,083 | = | 0.0% |
| Stocks | 30/36 | €4,083 | €4,083 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €98,116 | €33,687 | -€64,430 | -65.7% |
| Trade receivables | 40 | €95,540 | €33,687 | -€61,854 | -64.7% |
| Other amounts receivable | 41 | €2,576 | €0 | -€2,576 | -100% |
| Cash at bank and in hand | 54/58 | €11,334 | €59,652 | +€48,318 | +426% |
| Deferred charges and accrued income | 490/1 | €971 | €1,632 | +€661 | +68.1% |
| Total equity and liabilities | 10/49 | €151,732 | €109,712 | -€42,020 | -27.7% |
| Equity | 10/15 | -€1,482 | €14,551 | +€16,033 | |
| Contributions | 10/11 | €320,000 | €320,000 | = | 0.0% |
| Capital | 10 | €320,000 | €320,000 | = | 0.0% |
| Issued capital | 100 | €320,000 | €320,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€321,482 | -€305,449 | +€16,033 | +5.0% |
| Amounts payable | 17/49 | €153,215 | €95,161 | -€58,054 | -37.9% |
| Amounts payable within one year | 42/48 | €153,215 | €95,161 | -€58,054 | -37.9% |
| Trade debts | 44 | €55,265 | €25,126 | -€30,139 | -54.5% |
| Suppliers | 440/4 | €55,265 | €25,126 | -€30,139 | -54.5% |
| Taxes, remuneration and social security | 45 | €8,598 | €3,027 | -€5,570 | -64.8% |
| Taxes | 450/3 | €6,404 | €3,027 | -€3,376 | -52.7% |
| Remuneration and social security | 454/9 | €2,194 | €0 | -€2,194 | -100% |
| Other amounts payable | 47/48 | €89,352 | €67,007 | -€22,344 | -25.0% |
| Turnover | 70 | - | €249,432 | +€249,432 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €196,673 | +€196,673 | |
| Remuneration, social security and pensions | 62 | €62,222 | -€1,822 | -€64,044 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,887 | €33,650 | -€64,238 | -65.6% |
| Other operating charges | 640/8 | €258 | €1,070 | +€812 | +315% |
| Gross operating margin | 9900 | €89,699 | €52,759 | -€36,941 | -41.2% |
| Operating profit (loss) | 9901 | -€70,668 | €19,861 | +€90,529 | |
| Financial income | 75/76B | €36 | €50 | +€14 | +39.5% |
| Recurring financial income | 75 | €36 | €50 | +€14 | +39.5% |
| Financial charges | 65/66B | €4,726 | €3,877 | -€848 | -18.0% |
| Recurring financial charges | 65 | €4,726 | €3,877 | -€848 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | -€75,358 | €16,033 | +€91,391 | |
| Profit (loss) for the period | 9904 | -€75,358 | €16,033 | +€91,391 | |
| Profit (loss) for the period to be appropriated | 9905 | -€75,358 | €16,033 | +€91,391 |
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 20 October 2026 via checked.be.