Smart Services Network: 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 Network
Largest movements
- Receivables within one year -€726,569
down €726,569 (-37.4%), from €1.9m to €1.2m
of which Trade receivables: -€751,129
- Cash +€33,006
up €33,006 (+5.0%), from €659,515 to €692,520
mainly Receivables within one year (+€726,569) and Depreciation (+€245,971)
- Short-term financial debts -€483,527
no longer reported in 2025 (was €483,527)
- Provisions -€199,018
down €199,018 (-84.0%), from €236,955 to €37,937
- Trade debts -€65,088
down €65,088 (-7.9%), from €827,941 to €762,853
- Tax, wage and social debts +€41,515
up €41,515 (+10.6%), from €390,626 to €432,141
of which Remuneration and social security: +€22,371
- Provisions -€399,478
down €399,478, from €200,460 to -€199,018
- Gross operating margin -€160,043
down €160,043 (-8.7%), from €1.8m to €1.7m
- Other operating charges +€26,411
up €26,411 (+78.3%), from €33,712 to €60,123
- Financial income -€22,082
down €22,082 (-69.7%), from €31,696 to €9,613
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 | €3,243,411 | €2,528,406 | -€715,005 | -22.0% |
| Fixed assets | 21/28 | €513,396 | €520,993 | +€7,597 | +1.5% |
| Intangible fixed assets | 21 | €498,056 | €504,853 | +€6,797 | +1.4% |
| Financial fixed assets | 28 | €15,340 | €16,140 | +€800 | +5.2% |
| Current assets | 29/58 | €2,730,015 | €2,007,413 | -€722,602 | -26.5% |
| Amounts receivable within one year | 40/41 | €1,943,397 | €1,216,827 | -€726,569 | -37.4% |
| Trade receivables | 40 | €1,936,510 | €1,185,381 | -€751,129 | -38.8% |
| Other amounts receivable | 41 | €6,887 | €31,446 | +€24,559 | +356.6% |
| Cash at bank and in hand | 54/58 | €659,515 | €692,520 | +€33,006 | +5.0% |
| Deferred charges and accrued income | 490/1 | €127,103 | €98,065 | -€29,038 | -22.8% |
| Total equity and liabilities | 10/49 | €3,243,411 | €2,528,406 | -€715,005 | -22.0% |
| Equity | 10/15 | €1,304,361 | €1,295,474 | -€8,887 | -0.7% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €25,385 | €25,385 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,385 | €25,385 | = | 0.0% |
| Legal reserve | 130 | €25,385 | €25,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | €278,977 | €270,089 | -€8,887 | -3.2% |
| Provisions and deferred taxes | 16 | €236,955 | €37,937 | -€199,018 | -84.0% |
| Provisions for liabilities and charges | 160/5 | €236,955 | €37,937 | -€199,018 | -84.0% |
| Other liabilities and charges | 164/5 | €236,955 | €37,937 | -€199,018 | -84.0% |
| Amounts payable | 17/49 | €1,702,094 | €1,194,994 | -€507,100 | -29.8% |
| Amounts payable within one year | 42/48 | €1,702,094 | €1,194,994 | -€507,100 | -29.8% |
| Financial debts | 43 | €483,527 | - | -€483,527 | |
| Other loans | 439 | €483,527 | - | -€483,527 | |
| Trade debts | 44 | €827,941 | €762,853 | -€65,088 | -7.9% |
| Suppliers | 440/4 | €827,941 | €762,853 | -€65,088 | -7.9% |
| Taxes, remuneration and social security | 45 | €390,626 | €432,141 | +€41,515 | +10.6% |
| Taxes | 450/3 | €34,547 | €53,690 | +€19,143 | +55.4% |
| Remuneration and social security | 454/9 | €356,079 | €378,451 | +€22,371 | +6.3% |
| Remuneration, social security and pensions | 62 | €1,576,723 | €1,559,875 | -€16,848 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250,684 | €245,971 | -€4,713 | -1.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €200,460 | -€199,018 | -€399,478 | |
| Other operating charges | 640/8 | €33,712 | €60,123 | +€26,411 | +78.3% |
| Gross operating margin | 9900 | €1,849,809 | €1,689,766 | -€160,043 | -8.7% |
| Operating profit (loss) | 9901 | -€211,770 | €22,815 | +€234,585 | |
| Financial income | 75/76B | €31,696 | €9,613 | -€22,082 | -69.7% |
| Recurring financial income | 75 | €31,696 | €9,613 | -€22,082 | -69.7% |
| Financial charges | 65/66B | €9,401 | €9,821 | +€420 | +4.5% |
| Recurring financial charges | 65 | €9,401 | €9,821 | +€420 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | -€189,476 | €22,608 | +€212,083 | |
| Income taxes | 67/77 | €13,858 | €31,495 | +€17,636 | +127.3% |
| Profit (loss) for the period | 9904 | -€203,334 | -€8,887 | +€194,447 | +95.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€203,334 | -€8,887 | +€194,447 | +95.6% |
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 11 October 2026 via checked.be.