Smart Online: 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 Online
Largest movements
- Intangible fixed assets -€86,239
down €86,239 (-32.4%), from €266,239 to €180,000
- Cash +€45,482
up €45,482 (+56.4%), from €80,713 to €126,195
mainly Contributions, distributions and other (+€553,000) and Depreciation (+€89,140)
- Receivables within one year +€20,831
up €20,831 (+14.6%), from €142,355 to €163,186
of which Trade receivables: +€19,750
- Contributions +€553,000
up €553,000 (+156%), from €354,000 to €907,000
- Debts after one year -€549,222
down €549,222 (-62.9%), from €872,535 to €323,313
- Tax, wage and social debts -€47,957
down €47,957 (-97.9%), from €49,006 to €1,049
of which Taxes: -€33,682
- Current portion of long-term debt +€36,550
up €36,550 (+150%), from €24,415 to €60,964
- Trade debts -€12,278
down €12,278 (-56.5%), from €21,716 to €9,438
- Staff costs -€140,667
down €140,667 (-72.7%), from €193,608 to €52,941
- Gross operating margin +€45,755
up €45,755 (+29.3%), from €156,278 to €202,033
- Other operating charges +€39,751
up €39,751 (+26,501%), from €150 to €39,901
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 | €496,872 | €474,045 | -€22,827 | -4.6% |
| Formation expenses | 20 | €456 | - | -€456 | |
| Fixed assets | 21/28 | €273,348 | €184,664 | -€88,684 | -32.4% |
| Intangible fixed assets | 21 | €266,239 | €180,000 | -€86,239 | -32.4% |
| Tangible fixed assets | 22/27 | €7,109 | €4,664 | -€2,446 | -34.4% |
| Plant, machinery and equipment | 23 | €3,359 | €2,670 | -€690 | -20.5% |
| Furniture and vehicles | 24 | €3,750 | €1,994 | -€1,756 | -46.8% |
| Current assets | 29/58 | €223,068 | €289,381 | +€66,313 | +29.7% |
| Amounts receivable within one year | 40/41 | €142,355 | €163,186 | +€20,831 | +14.6% |
| Trade receivables | 40 | €138,620 | €158,370 | +€19,750 | +14.2% |
| Other amounts receivable | 41 | €3,736 | €4,816 | +€1,081 | +28.9% |
| Cash at bank and in hand | 54/58 | €80,713 | €126,195 | +€45,482 | +56.4% |
| Total equity and liabilities | 10/49 | €496,872 | €474,045 | -€22,827 | -4.6% |
| Equity | 10/15 | -€483,567 | €66,560 | +€550,127 | |
| Contributions | 10/11 | €354,000 | €907,000 | +€553,000 | +156% |
| Profit (loss) carried forward | 14 | -€837,567 | -€840,440 | -€2,873 | -0.3% |
| Amounts payable | 17/49 | €980,438 | €407,485 | -€572,954 | -58.4% |
| Amounts payable after more than one year | 17 | €872,535 | €323,313 | -€549,222 | -62.9% |
| Financial debts | 170/4 | €872,535 | €323,313 | -€549,222 | -62.9% |
| Amounts payable within one year | 42/48 | €95,136 | €71,451 | -€23,686 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €24,415 | €60,964 | +€36,550 | +150% |
| Trade debts | 44 | €21,716 | €9,438 | -€12,278 | -56.5% |
| Suppliers | 440/4 | €21,716 | €9,438 | -€12,278 | -56.5% |
| Taxes, remuneration and social security | 45 | €49,006 | €1,049 | -€47,957 | -97.9% |
| Taxes | 450/3 | €34,731 | €1,049 | -€33,682 | -97.0% |
| Remuneration and social security | 454/9 | €14,275 | - | -€14,275 | |
| Accrued charges and deferred income | 492/3 | €12,767 | €12,721 | -€46 | -0.4% |
| Remuneration, social security and pensions | 62 | €193,608 | €52,941 | -€140,667 | -72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,283 | €89,140 | -€143 | -0.2% |
| Other operating charges | 640/8 | €150 | €39,901 | +€39,751 | +26,501% |
| Gross operating margin | 9900 | €156,278 | €202,033 | +€45,755 | +29.3% |
| Operating profit (loss) | 9901 | -€126,763 | €20,050 | +€146,813 | |
| Financial income | 75/76B | €397 | - | -€397 | |
| Recurring financial income | 75 | €397 | - | -€397 | |
| Financial charges | 65/66B | €21,567 | €22,902 | +€1,334 | +6.2% |
| Recurring financial charges | 65 | €21,567 | €22,902 | +€1,334 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | -€147,934 | -€2,852 | +€145,082 | +98.1% |
| Income taxes | 67/77 | €966 | €21 | -€944 | -97.8% |
| Profit (loss) for the period | 9904 | -€148,899 | -€2,873 | +€146,026 | +98.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€148,899 | -€2,873 | +€146,026 | +98.1% |
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 14 October 2026 via checked.be.