SMART NETWORKS: 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 NETWORKS
Largest movements
- Stocks and contracts +€57,139
new in 2025: €57,139
- Cash +€10,668
up €10,668 (+24.6%), from €43,428 to €54,096
mainly Trade debts (+€74,505) and Other debts (+€25,596)
- Tangible fixed assets -€4,915
down €4,915 (-8.8%), from €55,690 to €50,774
of which Plant, machinery and equipment: -€4,987
- Receivables within one year -€2,062
down €2,062 (-5.6%), from €36,816 to €34,753
of which Trade receivables: -€1,239
- Trade debts +€74,505
up €74,505 (+37,837%), from €197 to €74,702
- Other debts +€25,596
up €25,596 (+27.3%), from €93,712 to €119,308
- Contributions -€18,599
down €18,599 (-100.0%), from €18,600 to €1
- Tax, wage and social debts -€16,630
down €16,630 (-70.7%), from €23,508 to €6,878
of which Remuneration and social security: -€11,054
- Reserves -€5,860
no longer reported in 2025 (was €5,860)
of which Distributable reserves: -€4,000
- Staff costs -€14,830
down €14,830 (-18.7%), from €79,152 to €64,321
- Purchases and services -€13,707
down €13,707 (-16.2%), from €84,644 to €70,937
- Gross operating margin -€12,906
down €12,906 (-9.8%), from €131,926 to €119,020
- Financial charges +€1,653
up €1,653 (+34.2%), from €4,832 to €6,485
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.
Derived cash bridge
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 | €141,876 | €200,889 | +€59,012 | +41.6% |
| Fixed assets | 21/28 | €57,965 | €53,049 | -€4,915 | -8.5% |
| Tangible fixed assets | 22/27 | €55,690 | €50,774 | -€4,915 | -8.8% |
| Plant, machinery and equipment | 23 | €43,504 | €38,517 | -€4,987 | -11.5% |
| Furniture and vehicles | 24 | €12,186 | €12,257 | +€71 | +0.6% |
| Financial fixed assets | 28 | €2,275 | €2,275 | = | 0.0% |
| Current assets | 29/58 | €83,912 | €147,840 | +€63,928 | +76.2% |
| Stocks and contracts in progress | 3 | - | €57,139 | +€57,139 | |
| Stocks | 30/36 | - | €57,139 | +€57,139 | |
| Amounts receivable within one year | 40/41 | €36,816 | €34,753 | -€2,062 | -5.6% |
| Trade receivables | 40 | €26,816 | €25,577 | -€1,239 | -4.6% |
| Other amounts receivable | 41 | €10,000 | €9,176 | -€824 | -8.2% |
| Cash at bank and in hand | 54/58 | €43,428 | €54,096 | +€10,668 | +24.6% |
| Deferred charges and accrued income | 490/1 | €3,668 | €1,851 | -€1,817 | -49.5% |
| Total equity and liabilities | 10/49 | €141,876 | €200,889 | +€59,012 | +41.6% |
| Equity | 10/15 | €24,460 | €1 | -€24,459 | -100.0% |
| Contributions | 10/11 | €18,600 | €1 | -€18,599 | -100.0% |
| Reserves | 13 | €5,860 | - | -€5,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €4,000 | - | -€4,000 | |
| Amounts payable | 17/49 | €117,416 | €200,888 | +€83,471 | +71.1% |
| Amounts payable within one year | 42/48 | €117,416 | €200,888 | +€83,471 | +71.1% |
| Trade debts | 44 | €197 | €74,702 | +€74,505 | +37,837% |
| Suppliers | 440/4 | €197 | €74,702 | +€74,505 | +37,837% |
| Taxes, remuneration and social security | 45 | €23,508 | €6,878 | -€16,630 | -70.7% |
| Taxes | 450/3 | €7,515 | €1,940 | -€5,576 | -74.2% |
| Remuneration and social security | 454/9 | €15,993 | €4,938 | -€11,054 | -69.1% |
| Other amounts payable | 47/48 | €93,712 | €119,308 | +€25,596 | +27.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €84,644 | €70,937 | -€13,707 | -16.2% |
| Remuneration, social security and pensions | 62 | €79,152 | €64,321 | -€14,830 | -18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,535 | €11,133 | -€402 | -3.5% |
| Other operating charges | 640/8 | €3,336 | €4,349 | +€1,013 | +30.4% |
| Non-recurring operating charges | 66A | €186 | €668 | +€482 | +260% |
| Gross operating margin | 9900 | €131,926 | €119,020 | -€12,906 | -9.8% |
| Operating profit (loss) | 9901 | €37,718 | €38,549 | +€832 | +2.2% |
| Financial income | 75/76B | €0 | €700 | +€700 | +1,399,980% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -20.0% |
| Non-recurring financial income | 76B | - | €700 | +€700 | |
| Financial charges | 65/66B | €4,832 | €6,485 | +€1,653 | +34.2% |
| Recurring financial charges | 65 | €4,832 | €6,485 | +€1,653 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | €32,886 | €32,765 | -€121 | -0.4% |
| Income taxes | 67/77 | €11,115 | €10,458 | -€657 | -5.9% |
| Profit (loss) for the period | 9904 | €21,771 | €22,307 | +€536 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,771 | €22,307 | +€536 | +2.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.