SMART-OFFICE: 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-OFFICE
Largest movements
- Receivables within one year +€30,389
up €30,389 (+26.7%), from €113,832 to €144,221
of which Other amounts receivable: +€29,917
- Cash +€16,718
up €16,718 (+89.0%), from €18,795 to €35,514
mainly Net result for the year (+€50,977) and Tax, wage and social debts (+€6,252)
- Tangible fixed assets -€5,305
down €5,305 (-66.3%), from €8,003 to €2,698
- Profit (loss) carried forward +€50,977
up €50,977 (+70.0%), from €72,854 to €123,830
- Trade debts -€9,382
down €9,382 (-99.6%), from €9,423 to €42
- Tax, wage and social debts +€6,252
up €6,252 (+79.3%), from €7,881 to €14,133
- Current portion of long-term debt -€3,311
no longer reported in 2025 (was €3,311)
- Gross operating margin +€34,001
up €34,001 (+95.2%), from €35,718 to €69,719
- Taxes +€7,391
up €7,391 (+98.9%), from €7,471 to €14,862
- Financial income +€1,311
up €1,311 (+41.4%), from €3,170 to €4,482
- Other operating charges +€814
up €814 (+51.2%), from €1,590 to €2,404
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 | €141,264 | €184,629 | +€43,365 | +30.7% |
| Fixed assets | 21/28 | €8,003 | €2,700 | -€5,303 | -66.3% |
| Tangible fixed assets | 22/27 | €8,003 | €2,698 | -€5,305 | -66.3% |
| Furniture and vehicles | 24 | €8,003 | €2,698 | -€5,305 | -66.3% |
| Financial fixed assets | 28 | - | €2 | +€2 | |
| Current assets | 29/58 | €133,261 | €181,928 | +€48,667 | +36.5% |
| Amounts receivable after more than one year | 29 | €634 | €634 | = | 0.0% |
| Other amounts receivable | 291 | €634 | €634 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €113,832 | €144,221 | +€30,389 | +26.7% |
| Trade receivables | 40 | €42,733 | €43,205 | +€472 | +1.1% |
| Other amounts receivable | 41 | €71,099 | €101,017 | +€29,917 | +42.1% |
| Cash at bank and in hand | 54/58 | €18,795 | €35,514 | +€16,718 | +89.0% |
| Deferred charges and accrued income | 490/1 | - | €1,560 | +€1,560 | |
| Total equity and liabilities | 10/49 | €141,264 | €184,629 | +€43,365 | +30.7% |
| Equity | 10/15 | €86,864 | €137,840 | +€50,977 | +58.7% |
| Contributions | 10/11 | €12,150 | €12,150 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,854 | €123,830 | +€50,977 | +70.0% |
| Amounts payable | 17/49 | €54,400 | €46,788 | -€7,612 | -14.0% |
| Amounts payable within one year | 42/48 | €54,400 | €46,389 | -€8,012 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €3,311 | - | -€3,311 | |
| Financial debts | 43 | €3,000 | €3,040 | +€40 | +1.3% |
| Other loans | 439 | €3,000 | €3,040 | +€40 | +1.3% |
| Trade debts | 44 | €9,423 | €42 | -€9,382 | -99.6% |
| Suppliers | 440/4 | €9,423 | €42 | -€9,382 | -99.6% |
| Taxes, remuneration and social security | 45 | €7,881 | €14,133 | +€6,252 | +79.3% |
| Taxes | 450/3 | €7,881 | €14,133 | +€6,252 | +79.3% |
| Other amounts payable | 47/48 | €30,785 | €29,173 | -€1,612 | -5.2% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,934 | €5,305 | -€630 | -10.6% |
| Other operating charges | 640/8 | €1,590 | €2,404 | +€814 | +51.2% |
| Gross operating margin | 9900 | €35,718 | €69,719 | +€34,001 | +95.2% |
| Operating profit (loss) | 9901 | €28,194 | €62,010 | +€33,816 | +119.9% |
| Financial income | 75/76B | €3,170 | €4,482 | +€1,311 | +41.4% |
| Recurring financial income | 75 | €3,170 | €4,482 | +€1,311 | +41.4% |
| Financial charges | 65/66B | €1,004 | €653 | -€351 | -34.9% |
| Recurring financial charges | 65 | €1,004 | €653 | -€351 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €30,361 | €65,839 | +€35,478 | +116.9% |
| Income taxes | 67/77 | €7,471 | €14,862 | +€7,391 | +98.9% |
| Profit (loss) for the period | 9904 | €22,889 | €50,977 | +€28,087 | +122.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,889 | €50,977 | +€28,087 | +122.7% |
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 5 October 2026 via checked.be.