SMART IT SERVICES: 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 SERVICES
Largest movements
- Cash +€40,871
up €40,871 (+18.8%), from €217,800 to €258,671
mainly Other debts (+€59,191) and Net result for the year (+€57,500)
- Tangible fixed assets -€12,221
down €12,221 (-50.0%), from €24,441 to €12,220
of which Furniture and vehicles: -€11,720
- Deferred charges and accrued income +€9,111
up €9,111 (+5954.9%), from €153 to €9,264
- Other debts +€59,191
new in 2025: €59,191
- Reserves -€23,207
down €23,207 (-10.0%), from €231,178 to €207,971
- Gross operating margin +€16,633
up €16,633 (+23.4%), from €71,216 to €87,849
- Taxes -€924
down €924 (-5.3%), from €17,476 to €16,552
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 | €243,482 | €280,155 | +€36,673 | +15.1% |
| Fixed assets | 21/28 | €24,441 | €12,220 | -€12,221 | -50.0% |
| Tangible fixed assets | 22/27 | €24,441 | €12,220 | -€12,221 | -50.0% |
| Furniture and vehicles | 24 | €23,439 | €11,719 | -€11,720 | -50.0% |
| Other tangible fixed assets | 26 | €1,002 | €501 | -€501 | -50.0% |
| Current assets | 29/58 | €219,041 | €267,935 | +€48,894 | +22.3% |
| Amounts receivable within one year | 40/41 | €1,088 | - | -€1,088 | |
| Other amounts receivable | 41 | €1,088 | - | -€1,088 | |
| Cash at bank and in hand | 54/58 | €217,800 | €258,671 | +€40,871 | +18.8% |
| Deferred charges and accrued income | 490/1 | €153 | €9,264 | +€9,111 | +5954.9% |
| Total equity and liabilities | 10/49 | €243,482 | €280,155 | +€36,673 | +15.1% |
| Equity | 10/15 | €231,178 | €207,971 | -€23,207 | -10.0% |
| Reserves | 13 | €231,178 | €207,971 | -€23,207 | -10.0% |
| Distributable reserves | 133 | €231,178 | €207,971 | -€23,207 | -10.0% |
| Amounts payable | 17/49 | €12,304 | €72,184 | +€59,880 | +486.7% |
| Amounts payable within one year | 42/48 | €12,304 | €72,184 | +€59,880 | +486.7% |
| Trade debts | 44 | €1,533 | €1,433 | -€100 | -6.5% |
| Suppliers | 440/4 | €1,533 | €1,433 | -€100 | -6.5% |
| Taxes, remuneration and social security | 45 | €10,771 | €11,560 | +€789 | +7.3% |
| Taxes | 450/3 | €10,771 | €11,560 | +€789 | +7.3% |
| Other amounts payable | 47/48 | - | €59,191 | +€59,191 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,221 | €12,221 | = | 0.0% |
| Other operating charges | 640/8 | €1,354 | €1,397 | +€43 | +3.2% |
| Gross operating margin | 9900 | €71,216 | €87,849 | +€16,633 | +23.4% |
| Operating profit (loss) | 9901 | €57,641 | €74,231 | +€16,590 | +28.8% |
| Financial charges | 65/66B | €165 | €179 | +€14 | +8.5% |
| Recurring financial charges | 65 | €165 | €179 | +€14 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €57,476 | €74,052 | +€16,576 | +28.8% |
| Income taxes | 67/77 | €17,476 | €16,552 | -€924 | -5.3% |
| Profit (loss) for the period | 9904 | €40,000 | €57,500 | +€17,500 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,000 | €57,500 | +€17,500 | +43.8% |
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 11 October 2026 via checked.be.