SMART.COM: 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.COM
Largest movements
- Receivables within one year +€208,579
up €208,579 (+1,996%), from €10,450 to €219,030
of which Trade receivables: +€208,328
- Tangible fixed assets +€43,183
up €43,183 (+1,443%), from €2,992 to €46,175
of which Furniture and vehicles: +€42,984
- Cash +€9,547
up €9,547 (+5,638%), from €169 to €9,716
mainly Other debts (+€107,402) and Contributions, distributions and other (+€93,693)
- Financial fixed assets +€3,480
up €3,480 (+145%), from €2,400 to €5,880
- Other debts +€107,402
new in 2025: €107,402
- Profit (loss) carried forward +€52,597
up €52,597, from -€3,225 to €49,372
- Debts after one year +€45,028
new in 2025: €45,028
- Contributions +€24,789
up €24,789 (+400%), from €6,200 to €30,989
- Current portion of long-term debt +€22,038
new in 2025: €22,038
- Purchases and services +€30,572
up €30,572 (+82.0%), from €37,262 to €67,834
- Gross operating margin -€18,359
down €18,359 (-43.0%), from €42,670 to €24,311
- Turnover +€12,213
up €12,213 (+15.3%), from €79,931 to €92,145
- Depreciation +€9,249
up €9,249 (+875%), from €1,057 to €10,307
- Staff costs -€7,347
down €7,347 (-24.7%), from €29,775 to €22,428
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 | €16,012 | €280,801 | +€264,789 | +1,654% |
| Fixed assets | 21/28 | €5,392 | €52,055 | +€46,663 | +865% |
| Tangible fixed assets | 22/27 | €2,992 | €46,175 | +€43,183 | +1,443% |
| Plant, machinery and equipment | 23 | €2,992 | €3,192 | +€200 | +6.7% |
| Furniture and vehicles | 24 | - | €42,984 | +€42,984 | |
| Financial fixed assets | 28 | €2,400 | €5,880 | +€3,480 | +145% |
| Current assets | 29/58 | €10,620 | €228,746 | +€218,126 | +2,054% |
| Amounts receivable within one year | 40/41 | €10,450 | €219,030 | +€208,579 | +1,996% |
| Trade receivables | 40 | €10,321 | €218,649 | +€208,328 | +2,018% |
| Other amounts receivable | 41 | €129 | €381 | +€252 | +195% |
| Cash at bank and in hand | 54/58 | €169 | €9,716 | +€9,547 | +5,638% |
| Total equity and liabilities | 10/49 | €16,012 | €280,801 | +€264,789 | +1,654% |
| Equity | 10/15 | €3,131 | €84,235 | +€81,105 | +2,591% |
| Contributions | 10/11 | €6,200 | €30,989 | +€24,789 | +400% |
| Reserves | 13 | €156 | €3,874 | +€3,718 | +2,385% |
| Distributable reserves | 133 | €156 | €3,874 | +€3,718 | +2,385% |
| Profit (loss) carried forward | 14 | -€3,225 | €49,372 | +€52,597 | |
| Amounts payable | 17/49 | €12,881 | €196,566 | +€183,684 | +1,426% |
| Amounts payable after more than one year | 17 | - | €45,028 | +€45,028 | |
| Financial debts | 170/4 | - | €45,028 | +€45,028 | |
| Amounts payable within one year | 42/48 | €12,881 | €151,538 | +€138,656 | +1,076% |
| Current portion of amounts payable after more than one year | 42 | - | €22,038 | +€22,038 | |
| Trade debts | 44 | €5,123 | €15,834 | +€10,711 | +209% |
| Suppliers | 440/4 | €5,123 | €15,834 | +€10,711 | +209% |
| Advances received on contracts in progress | 46 | €1,272 | €1,272 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,487 | €4,991 | -€1,495 | -23.0% |
| Taxes | 450/3 | €4,934 | €4,295 | -€638 | -12.9% |
| Remuneration and social security | 454/9 | €1,553 | €696 | -€857 | -55.2% |
| Other amounts payable | 47/48 | - | €107,402 | +€107,402 | |
| Turnover | 70 | €79,931 | €92,145 | +€12,213 | +15.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €37,262 | €67,834 | +€30,572 | +82.0% |
| Remuneration, social security and pensions | 62 | €29,775 | €22,428 | -€7,347 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,057 | €10,307 | +€9,249 | +875% |
| Other operating charges | 640/8 | €587 | €1,638 | +€1,051 | +179% |
| Non-recurring operating charges | 66A | €681 | - | -€681 | |
| Gross operating margin | 9900 | €42,670 | €24,311 | -€18,359 | -43.0% |
| Operating profit (loss) | 9901 | €10,569 | -€10,062 | -€20,631 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €343 | €2,182 | +€1,838 | +536% |
| Recurring financial charges | 65 | €343 | €2,182 | +€1,838 | +536% |
| Profit (loss) for the period before taxes | 9903 | €10,226 | -€12,244 | -€22,470 | |
| Income taxes | 67/77 | €132 | €345 | +€213 | +162% |
| Profit (loss) for the period | 9904 | €10,095 | -€12,588 | -€22,683 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,095 | -€12,588 | -€22,683 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.