SMART & DIGITAL: 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.
SMART & DIGITAL
Largest movements
- Cash +€25,449
up €25,449 (+87.1%), from €29,228 to €54,677
mainly Receivables within one year (+€13,326) and Net result for the year (+€7,333)
- Receivables within one year -€13,326
down €13,326 (-92.9%), from €14,352 to €1,026
of which Trade receivables: -€13,475
- Profit (loss) carried forward +€7,333
up €7,333 (+21.8%), from €33,586 to €40,919
- Short-term financial debts +€2,465
new in 2025: €2,465
- Trade debts +€1,528
up €1,528 (+313.9%), from €487 to €2,015
- Tax, wage and social debts +€910
up €910 (+10.5%), from €8,706 to €9,617
of which Remuneration and social security: +€3,251
- Taxes +€1,755
up €1,755 (+71.2%), from €2,467 to €4,222
- Gross operating margin +€957
up €957 (+7.7%), from €12,506 to €13,463
- Other operating charges +€804
up €804 (+207.6%), from €387 to €1,192
- Financial income -€138
down €138 (-48.9%), from €282 to €144
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 | €44,779 | €57,016 | +€12,237 | +27.3% |
| Fixed assets | 21/28 | €1,199 | €1,313 | +€114 | +9.5% |
| Tangible fixed assets | 22/27 | €1,199 | €1,313 | +€114 | +9.5% |
| Furniture and vehicles | 24 | €1,199 | €1,313 | +€114 | +9.5% |
| Current assets | 29/58 | €43,580 | €55,703 | +€12,123 | +27.8% |
| Amounts receivable within one year | 40/41 | €14,352 | €1,026 | -€13,326 | -92.9% |
| Trade receivables | 40 | €13,475 | - | -€13,475 | |
| Other amounts receivable | 41 | €877 | €1,026 | +€149 | +17.0% |
| Cash at bank and in hand | 54/58 | €29,228 | €54,677 | +€25,449 | +87.1% |
| Total equity and liabilities | 10/49 | €44,779 | €57,016 | +€12,237 | +27.3% |
| Equity | 10/15 | €35,586 | €42,919 | +€7,333 | +20.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,586 | €40,919 | +€7,333 | +21.8% |
| Amounts payable | 17/49 | €9,193 | €14,097 | +€4,904 | +53.3% |
| Amounts payable within one year | 42/48 | €9,193 | €14,097 | +€4,904 | +53.3% |
| Financial debts | 43 | - | €2,465 | +€2,465 | |
| Credit institutions | 430/8 | - | €2,465 | +€2,465 | |
| Trade debts | 44 | €487 | €2,015 | +€1,528 | +313.9% |
| Suppliers | 440/4 | €487 | €2,015 | +€1,528 | +313.9% |
| Taxes, remuneration and social security | 45 | €8,706 | €9,617 | +€910 | +10.5% |
| Taxes | 450/3 | €8,706 | €6,365 | -€2,341 | -26.9% |
| Remuneration and social security | 454/9 | - | €3,251 | +€3,251 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €670 | €705 | +€35 | +5.2% |
| Other operating charges | 640/8 | €387 | €1,192 | +€804 | +207.6% |
| Gross operating margin | 9900 | €12,506 | €13,463 | +€957 | +7.7% |
| Operating profit (loss) | 9901 | €11,448 | €11,566 | +€118 | +1.0% |
| Financial income | 75/76B | €282 | €144 | -€138 | -48.9% |
| Recurring financial income | 75 | €282 | €144 | -€138 | -48.9% |
| Financial charges | 65/66B | €135 | €155 | +€20 | +15.2% |
| Recurring financial charges | 65 | €135 | €155 | +€20 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €11,595 | €11,555 | -€40 | -0.3% |
| Income taxes | 67/77 | €2,467 | €4,222 | +€1,755 | +71.2% |
| Profit (loss) for the period | 9904 | €9,128 | €7,333 | -€1,795 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,128 | €7,333 | -€1,795 | -19.7% |
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 30 September 2026 via checked.be.