Smart Ohm: 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 Ohm
Largest movements
- Receivables within one year -€30,069
down €30,069 (-19.9%), from €151,330 to €121,261
of which Trade receivables: -€53,131
- Cash +€24,663
up €24,663 (+134%), from €18,372 to €43,036
mainly Other debts (+€68,000) and Net result for the year (+€32,086)
- Intangible fixed assets -€6,200
down €6,200 (-20.3%), from €30,483 to €24,283
- Financial fixed assets +€2,990
up €2,990 (+82.6%), from €3,621 to €6,611
- Other debts +€68,000
new in 2025: €68,000
- Profit (loss) carried forward -€47,914
down €47,914 (-77.2%), from €62,058 to €14,144
- Trade debts -€27,775
down €27,775 (-33.0%), from €84,136 to €56,362
- Debts after one year -€9,292
down €9,292 (-22.5%), from €41,317 to €32,025
- Tax, wage and social debts +€5,244
up €5,244 (+12.1%), from €43,417 to €48,661
of which Remuneration and social security: +€6,781
- Staff costs +€51,663
up €51,663 (+51.4%), from €100,516 to €152,179
- Gross operating margin +€39,649
up €39,649 (+22.5%), from €176,559 to €216,208
- Taxes -€8,080
down €8,080 (-43.6%), from €18,515 to €10,435
- Depreciation +€2,631
up €2,631 (+21.6%), from €12,179 to €14,810
- Financial charges +€2,415
up €2,415 (+90.5%), from €2,668 to €5,083
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 | €242,341 | €231,596 | -€10,744 | -4.4% |
| Fixed assets | 21/28 | €46,668 | €41,612 | -€5,056 | -10.8% |
| Intangible fixed assets | 21 | €30,483 | €24,283 | -€6,200 | -20.3% |
| Tangible fixed assets | 22/27 | €12,564 | €10,717 | -€1,846 | -14.7% |
| Furniture and vehicles | 24 | €12,564 | €10,717 | -€1,846 | -14.7% |
| Financial fixed assets | 28 | €3,621 | €6,611 | +€2,990 | +82.6% |
| Current assets | 29/58 | €195,673 | €189,985 | -€5,688 | -2.9% |
| Stocks and contracts in progress | 3 | €24,350 | €24,339 | -€11 | 0.0% |
| Stocks | 30/36 | €24,350 | €24,339 | -€11 | 0.0% |
| Amounts receivable within one year | 40/41 | €151,330 | €121,261 | -€30,069 | -19.9% |
| Trade receivables | 40 | €125,751 | €72,621 | -€53,131 | -42.3% |
| Other amounts receivable | 41 | €25,579 | €48,641 | +€23,062 | +90.2% |
| Cash at bank and in hand | 54/58 | €18,372 | €43,036 | +€24,663 | +134% |
| Deferred charges and accrued income | 490/1 | €1,620 | €1,349 | -€271 | -16.7% |
| Total equity and liabilities | 10/49 | €242,341 | €231,596 | -€10,744 | -4.4% |
| Equity | 10/15 | €64,558 | €16,644 | -€47,914 | -74.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,058 | €14,144 | -€47,914 | -77.2% |
| Amounts payable | 17/49 | €177,783 | €214,952 | +€37,170 | +20.9% |
| Amounts payable after more than one year | 17 | €41,317 | €32,025 | -€9,292 | -22.5% |
| Financial debts | 170/4 | €41,317 | €32,025 | -€9,292 | -22.5% |
| Amounts payable within one year | 42/48 | €136,465 | €182,927 | +€46,462 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | €8,912 | €9,292 | +€380 | +4.3% |
| Financial debts | 43 | - | €613 | +€613 | |
| Credit institutions | 430/8 | - | €613 | +€613 | |
| Trade debts | 44 | €84,136 | €56,362 | -€27,775 | -33.0% |
| Suppliers | 440/4 | €84,136 | €56,362 | -€27,775 | -33.0% |
| Taxes, remuneration and social security | 45 | €43,417 | €48,661 | +€5,244 | +12.1% |
| Taxes | 450/3 | €22,357 | €20,819 | -€1,538 | -6.9% |
| Remuneration and social security | 454/9 | €21,060 | €27,841 | +€6,781 | +32.2% |
| Other amounts payable | 47/48 | - | €68,000 | +€68,000 | |
| Remuneration, social security and pensions | 62 | €100,516 | €152,179 | +€51,663 | +51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,179 | €14,810 | +€2,631 | +21.6% |
| Other operating charges | 640/8 | €3,520 | €3,463 | -€57 | -1.6% |
| Gross operating margin | 9900 | €176,559 | €216,208 | +€39,649 | +22.5% |
| Operating profit (loss) | 9901 | €60,344 | €45,756 | -€14,588 | -24.2% |
| Financial income | 75/76B | €0 | €1,848 | +€1,848 | +1,421,323% |
| Recurring financial income | 75 | €0 | €1,848 | +€1,848 | +1,421,323% |
| Financial charges | 65/66B | €2,668 | €5,083 | +€2,415 | +90.5% |
| Recurring financial charges | 65 | €2,668 | €5,083 | +€2,415 | +90.5% |
| Profit (loss) for the period before taxes | 9903 | €57,676 | €42,521 | -€15,155 | -26.3% |
| Income taxes | 67/77 | €18,515 | €10,435 | -€8,080 | -43.6% |
| Profit (loss) for the period | 9904 | €39,161 | €32,086 | -€7,075 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,161 | €32,086 | -€7,075 | -18.1% |
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 15 October 2026 via checked.be.