Smart-IT: 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-IT
Largest movements
- Cash +€148,014
up €148,014 (+131.7%), from €112,353 to €260,368
mainly Net result for the year (+€136,527) and Depreciation (+€16,512)
- Tangible fixed assets -€9,407
down €9,407 (-2.0%), from €463,468 to €454,060
of which Land and buildings: -€12,829
- Reserves +€135,694
up €135,694 (+27.1%), from €499,905 to €635,599
- Financial charges -€8,112
down €8,112 (-49.2%), from €16,502 to €8,390
- Taxes +€5,691
up €5,691 (+8.3%), from €68,163 to €73,853
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 | €606,039 | €743,988 | +€137,949 | +22.8% |
| Fixed assets | 21/28 | €463,468 | €454,060 | -€9,407 | -2.0% |
| Tangible fixed assets | 22/27 | €463,468 | €454,060 | -€9,407 | -2.0% |
| Land and buildings | 22 | €458,713 | €445,884 | -€12,829 | -2.8% |
| Plant, machinery and equipment | 23 | €370 | €1,103 | +€733 | +198.2% |
| Furniture and vehicles | 24 | €4,384 | €7,073 | +€2,689 | +61.3% |
| Current assets | 29/58 | €142,571 | €289,928 | +€147,357 | +103.4% |
| Amounts receivable within one year | 40/41 | €28,956 | €29,560 | +€605 | +2.1% |
| Trade receivables | 40 | €28,820 | €29,554 | +€734 | +2.5% |
| Other amounts receivable | 41 | €136 | €7 | -€129 | -95.1% |
| Cash at bank and in hand | 54/58 | €112,353 | €260,368 | +€148,014 | +131.7% |
| Deferred charges and accrued income | 490/1 | €1,263 | - | -€1,263 | |
| Total equity and liabilities | 10/49 | €606,039 | €743,988 | +€137,949 | +22.8% |
| Equity | 10/15 | €507,342 | €643,036 | +€135,694 | +26.7% |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €499,905 | €635,599 | +€135,694 | +27.1% |
| Distributable reserves | 133 | €499,905 | €635,599 | +€135,694 | +27.1% |
| Amounts payable | 17/49 | €98,697 | €100,953 | +€2,256 | +2.3% |
| Amounts payable within one year | 42/48 | €96,015 | €100,953 | +€4,938 | +5.1% |
| Financial debts | 43 | €6,390 | €10,958 | +€4,568 | +71.5% |
| Other loans | 439 | €6,390 | €10,958 | +€4,568 | +71.5% |
| Trade debts | 44 | €5,139 | €2,016 | -€3,123 | -60.8% |
| Suppliers | 440/4 | €5,139 | €2,016 | -€3,123 | -60.8% |
| Taxes, remuneration and social security | 45 | €34,552 | €41,007 | +€6,454 | +18.7% |
| Taxes | 450/3 | €34,552 | €41,007 | +€6,454 | +18.7% |
| Other amounts payable | 47/48 | €49,933 | €46,972 | -€2,961 | -5.9% |
| Accrued charges and deferred income | 492/3 | €2,682 | - | -€2,682 | |
| Non-recurring operating income | 76A | €40,012 | €19,387 | -€20,625 | -51.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,485 | €16,512 | +€1,027 | +6.6% |
| Other operating charges | 640/8 | €14,130 | €14,901 | +€771 | +5.5% |
| Non-recurring operating charges | 66A | €64 | - | -€64 | |
| Gross operating margin | 9900 | €249,855 | €250,183 | +€328 | +0.1% |
| Operating profit (loss) | 9901 | €220,175 | €218,770 | -€1,405 | -0.6% |
| Financial income | 75/76B | €49 | €0 | -€49 | -100.0% |
| Recurring financial income | 75 | €49 | €0 | -€49 | -100.0% |
| Financial charges | 65/66B | €16,502 | €8,390 | -€8,112 | -49.2% |
| Recurring financial charges | 65 | €16,502 | €8,390 | -€8,112 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | €203,722 | €210,380 | +€6,658 | +3.3% |
| Income taxes | 67/77 | €68,163 | €73,853 | +€5,691 | +8.3% |
| Profit (loss) for the period | 9904 | €135,559 | €136,527 | +€967 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €135,559 | €136,527 | +€967 | +0.7% |
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 12 October 2026 via checked.be.