SMART et SOFT: 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 et SOFT
Largest movements
- Cash +€4,693
up €4,693 (+23.9%), from €19,644 to €24,337
mainly Receivables after one year (+€4,639) and Net result for the year (+€54)
- Receivables after one year -€4,639
no longer reported in 2025 (was €4,639)
- Reserves +€883
up €883 (+31.5%), from €2,807 to €3,690
of which Distributable reserves: +€883
- Profit (loss) carried forward -€829
down €829 (-93.8%), from €884 to €55
- Gross operating margin -€825
down €825 (-7.8%), from €10,630 to €9,805
- Purchases and services -€302
down €302 (-60.8%), from €497 to €195
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 | €24,283 | €24,337 | +€54 | +0.2% |
| Fixed assets | 21/28 | - | €0 | = | |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €24,283 | €24,337 | +€54 | +0.2% |
| Amounts receivable after more than one year | 29 | €4,639 | - | -€4,639 | |
| Trade receivables | 290 | €4,639 | - | -€4,639 | |
| Cash at bank and in hand | 54/58 | €19,644 | €24,337 | +€4,693 | +23.9% |
| Total equity and liabilities | 10/49 | €24,283 | €24,337 | +€54 | +0.2% |
| Equity | 10/15 | €22,283 | €22,337 | +€54 | +0.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,807 | €3,690 | +€883 | +31.5% |
| Non-distributable reserves | 130/1 | €215 | €215 | = | 0.0% |
| Legal reserve | 130 | €215 | €215 | = | 0.0% |
| Distributable reserves | 133 | €2,592 | €3,475 | +€883 | +34.1% |
| Profit (loss) carried forward | 14 | €884 | €55 | -€829 | -93.8% |
| Provisions and deferred taxes | 16 | €2,000 | €2,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,000 | €2,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €2,000 | €2,000 | = | 0.0% |
| Turnover | 70 | €10,000 | €10,000 | = | 0.0% |
| Non-recurring operating income | 76A | €1,126 | - | -€1,126 | |
| Goods, raw materials, services and sundry goods | 60/61 | €497 | €195 | -€302 | -60.8% |
| Remuneration, social security and pensions | 62 | €9,000 | €9,000 | = | 0.0% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.1% |
| Gross operating margin | 9900 | €10,630 | €9,805 | -€825 | -7.8% |
| Operating profit (loss) | 9901 | €1,179 | €340 | -€839 | -71.2% |
| Financial income | 75/76B | €66 | €54 | -€12 | -18.2% |
| Recurring financial income | 75 | €66 | €54 | -€12 | -18.2% |
| Non-recurring financial income | 76B | €66 | €54 | -€12 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €1,245 | €394 | -€851 | -68.4% |
| Income taxes | 67/77 | €361 | €340 | -€21 | -5.8% |
| Profit (loss) for the period | 9904 | €884 | €54 | -€830 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €884 | €54 | -€830 | -93.9% |
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 2 October 2026 via checked.be.