SMART 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 SERVICES
Largest movements
- Receivables within one year -€10,225
down €10,225 (-29.1%), from €35,080 to €24,855
of which Trade receivables: -€10,225
- Cash -€5,275
down €5,275 (-9.6%), from €55,147 to €49,873
mainly Other debts (-€15,465) and Trade debts (-€7,847)
- Tangible fixed assets -€2,236
down €2,236 (-73.1%), from €3,056 to €821
- Stocks and contracts -€1,540
down €1,540 (-31.7%), from €4,851 to €3,311
- Deferred charges and accrued income -€1,382
down €1,382 (-64.1%), from €2,156 to €774
- Other debts -€15,465
down €15,465 (-75.5%), from €20,490 to €5,025
- Trade debts -€7,847
down €7,847 (-81.7%), from €9,599 to €1,752
- Reserves +€4,397
up €4,397 (+23.9%), from €18,431 to €22,828
- Provisions -€4,261
down €4,261 (-75.1%), from €5,676 to €1,415
- Tax, wage and social debts +€2,519
up €2,519 (+26.5%), from €9,504 to €12,022
of which Taxes: +€2,523
- Gross operating margin -€10,670
down €10,670 (-17.9%), from €59,468 to €48,798
- Financial income +€6,756
up €6,756 (+316%), from €2,136 to €8,891
- Staff costs +€6,390
up €6,390 (+14.2%), from €44,986 to €51,376
- Financial charges -€2,367
down €2,367 (-50.1%), from €4,723 to €2,356
- Provisions +€1,012
up €1,012 (+19.2%), from -€5,273 to -€4,261
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 | €100,291 | €79,634 | -€20,657 | -20.6% |
| Fixed assets | 21/28 | €3,056 | €821 | -€2,236 | -73.1% |
| Tangible fixed assets | 22/27 | €3,056 | €821 | -€2,236 | -73.1% |
| Furniture and vehicles | 24 | €3,056 | €821 | -€2,236 | -73.1% |
| Current assets | 29/58 | €97,235 | €78,813 | -€18,422 | -18.9% |
| Stocks and contracts in progress | 3 | €4,851 | €3,311 | -€1,540 | -31.7% |
| Stocks | 30/36 | €4,851 | €3,311 | -€1,540 | -31.7% |
| Amounts receivable within one year | 40/41 | €35,080 | €24,855 | -€10,225 | -29.1% |
| Trade receivables | 40 | €35,038 | €24,813 | -€10,225 | -29.2% |
| Other amounts receivable | 41 | €42 | €42 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €55,147 | €49,873 | -€5,275 | -9.6% |
| Deferred charges and accrued income | 490/1 | €2,156 | €774 | -€1,382 | -64.1% |
| Total equity and liabilities | 10/49 | €100,291 | €79,634 | -€20,657 | -20.6% |
| Equity | 10/15 | €37,023 | €41,420 | +€4,397 | +11.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €18,431 | €22,828 | +€4,397 | +23.9% |
| Distributable reserves | 133 | €18,431 | €22,828 | +€4,397 | +23.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €5,676 | €1,415 | -€4,261 | -75.1% |
| Provisions for liabilities and charges | 160/5 | €5,676 | €1,415 | -€4,261 | -75.1% |
| Other liabilities and charges | 164/5 | €5,676 | €1,415 | -€4,261 | -75.1% |
| Amounts payable | 17/49 | €57,592 | €36,799 | -€20,793 | -36.1% |
| Amounts payable after more than one year | 17 | €18,000 | €18,000 | = | 0.0% |
| Financial debts | 170/4 | €18,000 | €18,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €39,592 | €18,799 | -€20,793 | -52.5% |
| Trade debts | 44 | €9,599 | €1,752 | -€7,847 | -81.7% |
| Suppliers | 440/4 | €9,599 | €1,752 | -€7,847 | -81.7% |
| Taxes, remuneration and social security | 45 | €9,504 | €12,022 | +€2,519 | +26.5% |
| Taxes | 450/3 | €1,830 | €4,352 | +€2,523 | +138% |
| Remuneration and social security | 454/9 | €7,674 | €7,670 | -€4 | -0.1% |
| Other amounts payable | 47/48 | €20,490 | €5,025 | -€15,465 | -75.5% |
| Remuneration, social security and pensions | 62 | €44,986 | €51,376 | +€6,390 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,236 | €2,236 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,273 | -€4,261 | +€1,012 | +19.2% |
| Other operating charges | 640/8 | €1,751 | €1,586 | -€166 | -9.5% |
| Gross operating margin | 9900 | €59,468 | €48,798 | -€10,670 | -17.9% |
| Operating profit (loss) | 9901 | €15,768 | -€2,138 | -€17,906 | |
| Financial income | 75/76B | €2,136 | €8,891 | +€6,756 | +316% |
| Recurring financial income | 75 | €2,136 | €8,891 | +€6,756 | +316% |
| Financial charges | 65/66B | €4,723 | €2,356 | -€2,367 | -50.1% |
| Recurring financial charges | 65 | €4,723 | €2,356 | -€2,367 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €13,180 | €4,397 | -€8,784 | -66.6% |
| Profit (loss) for the period | 9904 | €13,180 | €4,397 | -€8,784 | -66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,180 | €4,397 | -€8,784 | -66.6% |
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 31 October 2026 via checked.be.