SMART-IJS: 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-IJS
Largest movements
- Tangible fixed assets -€14,488
down €14,488 (-8.7%), from €166,766 to €152,278
- Stocks and contracts +€8,667
up €8,667 (+50.7%), from €17,091 to €25,758
- Receivables within one year -€7,709
down €7,709 (-21.9%), from €35,276 to €27,567
of which Trade receivables: -€8,534
- Cash -€3,632
down €3,632 (-4.4%), from €83,048 to €79,416
mainly Investment in fixed assets (net) (-€27,032) and Debts after one year (-€23,803)
- Debts after one year -€23,803
down €23,803 (-35.6%), from €66,907 to €43,104
- Reserves +€6,703
up €6,703 (+7.3%), from €91,819 to €98,522
- Other debts -€4,002
down €4,002 (-6.6%), from €61,022 to €57,020
- Gross operating margin +€36,401
up €36,401 (+30.9%), from €117,895 to €154,296
- Staff costs +€15,226
up €15,226 (+18.8%), from €81,026 to €96,253
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 | €302,955 | €285,845 | -€17,111 | -5.6% |
| Fixed assets | 21/28 | €166,766 | €152,278 | -€14,488 | -8.7% |
| Tangible fixed assets | 22/27 | €166,766 | €152,278 | -€14,488 | -8.7% |
| Land and buildings | 22 | €97,715 | €92,128 | -€5,587 | -5.7% |
| Plant, machinery and equipment | 23 | €64,313 | €60,150 | -€4,163 | -6.5% |
| Furniture and vehicles | 24 | €4,738 | - | -€4,738 | |
| Current assets | 29/58 | €136,189 | €133,567 | -€2,623 | -1.9% |
| Stocks and contracts in progress | 3 | €17,091 | €25,758 | +€8,667 | +50.7% |
| Stocks | 30/36 | €17,091 | €25,758 | +€8,667 | +50.7% |
| Amounts receivable within one year | 40/41 | €35,276 | €27,567 | -€7,709 | -21.9% |
| Trade receivables | 40 | €35,259 | €26,725 | -€8,534 | -24.2% |
| Other amounts receivable | 41 | €17 | €842 | +€825 | +4865.3% |
| Cash at bank and in hand | 54/58 | €83,048 | €79,416 | -€3,632 | -4.4% |
| Deferred charges and accrued income | 490/1 | €775 | €826 | +€51 | +6.6% |
| Total equity and liabilities | 10/49 | €302,955 | €285,845 | -€17,111 | -5.6% |
| Equity | 10/15 | €110,419 | €117,122 | +€6,703 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €91,819 | €98,522 | +€6,703 | +7.3% |
| Distributable reserves | 133 | €91,819 | €98,522 | +€6,703 | +7.3% |
| Amounts payable | 17/49 | €192,536 | €168,722 | -€23,814 | -12.4% |
| Amounts payable after more than one year | 17 | €66,907 | €43,104 | -€23,803 | -35.6% |
| Financial debts | 170/4 | €66,907 | €43,104 | -€23,803 | -35.6% |
| Amounts payable within one year | 42/48 | €125,630 | €125,619 | -€11 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €23,627 | €23,803 | +€176 | +0.7% |
| Trade debts | 44 | €19,367 | €21,970 | +€2,603 | +13.4% |
| Suppliers | 440/4 | €19,367 | €21,970 | +€2,603 | +13.4% |
| Advances received on contracts in progress | 46 | €6,170 | €6,321 | +€152 | +2.5% |
| Taxes, remuneration and social security | 45 | €15,443 | €16,504 | +€1,060 | +6.9% |
| Taxes | 450/3 | €8,553 | €9,471 | +€919 | +10.7% |
| Remuneration and social security | 454/9 | €6,891 | €7,033 | +€142 | +2.1% |
| Other amounts payable | 47/48 | €61,022 | €57,020 | -€4,002 | -6.6% |
| Remuneration, social security and pensions | 62 | €81,026 | €96,253 | +€15,226 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,243 | €41,520 | +€277 | +0.7% |
| Other operating charges | 640/8 | €4,381 | €5,101 | +€719 | +16.4% |
| Gross operating margin | 9900 | €117,895 | €154,296 | +€36,401 | +30.9% |
| Operating profit (loss) | 9901 | -€8,756 | €11,423 | +€20,179 | |
| Financial income | 75/76B | €447 | €243 | -€204 | -45.7% |
| Recurring financial income | 75 | €447 | €243 | -€204 | -45.7% |
| Financial charges | 65/66B | €3,951 | €4,293 | +€342 | +8.6% |
| Recurring financial charges | 65 | €3,951 | €4,293 | +€342 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,260 | €7,373 | +€19,633 | |
| Income taxes | 67/77 | - | €670 | +€670 | |
| Profit (loss) for the period | 9904 | -€12,260 | €6,703 | +€18,963 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,260 | €6,703 | +€18,963 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.