Smart Services: 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 Services
Largest movements
- Stocks and contracts +€17,552
up €17,552 (+4559.0%), from €385 to €17,937
- Cash -€12,386
down €12,386 (-92.2%), from €13,439 to €1,053
mainly Stocks and contracts (-€17,552) and Debts after one year (-€4,470)
- Tangible fixed assets -€7,068
down €7,068 (-52.2%), from €13,548 to €6,481
- Receivables within one year -€4,122
down €4,122 (-97.3%), from €4,237 to €115
- Debts after one year -€4,470
down €4,470 (-27.6%), from €16,220 to €11,749
- Trade debts -€2,052
down €2,052 (-28.5%), from €7,198 to €5,146
- Other debts +€958
new in 2025: €958
- Advances received -€779
no longer reported in 2025 (was €779)
- Profit (loss) carried forward +€754
up €754 (+26.6%), from €2,837 to €3,591
- Gross operating margin -€5,690
down €5,690 (-39.5%), from €14,404 to €8,715
- Other operating charges -€435
down €435 (-33.9%), from €1,283 to €847
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 | €31,609 | €25,585 | -€6,024 | -19.1% |
| Fixed assets | 21/28 | €13,548 | €6,481 | -€7,068 | -52.2% |
| Tangible fixed assets | 22/27 | €13,548 | €6,481 | -€7,068 | -52.2% |
| Furniture and vehicles | 24 | €13,548 | €6,481 | -€7,068 | -52.2% |
| Current assets | 29/58 | €18,061 | €19,104 | +€1,043 | +5.8% |
| Stocks and contracts in progress | 3 | €385 | €17,937 | +€17,552 | +4559.0% |
| Stocks | 30/36 | €385 | €17,937 | +€17,552 | +4559.0% |
| Amounts receivable within one year | 40/41 | €4,237 | €115 | -€4,122 | -97.3% |
| Trade receivables | 40 | €4,237 | €115 | -€4,122 | -97.3% |
| Cash at bank and in hand | 54/58 | €13,439 | €1,053 | -€12,386 | -92.2% |
| Total equity and liabilities | 10/49 | €31,609 | €25,585 | -€6,024 | -19.1% |
| Equity | 10/15 | €4,837 | €5,591 | +€754 | +15.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,837 | €3,591 | +€754 | +26.6% |
| Amounts payable | 17/49 | €26,772 | €19,994 | -€6,779 | -25.3% |
| Amounts payable after more than one year | 17 | €16,220 | €11,749 | -€4,470 | -27.6% |
| Financial debts | 170/4 | €16,220 | €11,749 | -€4,470 | -27.6% |
| Amounts payable within one year | 42/48 | €10,553 | €8,245 | -€2,308 | -21.9% |
| Trade debts | 44 | €7,198 | €5,146 | -€2,052 | -28.5% |
| Suppliers | 440/4 | €7,198 | €5,146 | -€2,052 | -28.5% |
| Advances received on contracts in progress | 46 | €779 | - | -€779 | |
| Taxes, remuneration and social security | 45 | €2,576 | €2,140 | -€436 | -16.9% |
| Taxes | 450/3 | €2,576 | €2,140 | -€436 | -16.9% |
| Other amounts payable | 47/48 | - | €958 | +€958 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,068 | €7,068 | = | 0.0% |
| Other operating charges | 640/8 | €1,283 | €847 | -€435 | -33.9% |
| Gross operating margin | 9900 | €14,404 | €8,715 | -€5,690 | -39.5% |
| Operating profit (loss) | 9901 | €6,054 | €799 | -€5,254 | -86.8% |
| Financial charges | 65/66B | €47 | €45 | -€2 | -3.9% |
| Recurring financial charges | 65 | €47 | €45 | -€2 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €6,007 | €754 | -€5,253 | -87.4% |
| Profit (loss) for the period | 9904 | €6,007 | €754 | -€5,253 | -87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,007 | €754 | -€5,253 | -87.4% |
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 1 October 2026 via checked.be.