SMART SOFTWARE: 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 SOFTWARE
Largest movements
- Current investments -€376,822
down €376,822 (-100.0%), from €376,822 to €0
- Receivables within one year +€216,937
up €216,937 (+619.5%), from €35,017 to €251,954
of which Other amounts receivable: +€217,661
- Cash +€64,939
up €64,939 (+623.2%), from €10,421 to €75,360
mainly Current investments (+€376,822) and Net result for the year (+€38,986)
- Tangible fixed assets -€33,361
down €33,361 (-7.3%), from €458,604 to €425,243
of which Land and buildings: -€29,780
- Deferred charges and accrued income +€9,245
new in 2024: €9,245
- Reserves -€80,519
down €80,519 (-20.9%), from €385,805 to €305,286
- Tax, wage and social debts -€23,162
down €23,162 (-44.2%), from €52,406 to €29,244
of which Taxes: -€21,232
- Debts after one year -€18,062
down €18,062 (-7.0%), from €257,212 to €239,150
- Gross operating margin -€35,921
down €35,921 (-17.9%), from €200,791 to €164,871
- Financial charges -€6,527
down €6,527 (-57.0%), from €11,455 to €4,928
- Staff costs -€6,119
down €6,119 (-7.7%), from €79,835 to €73,715
- Financial income +€5,391
up €5,391 (+47.6%), from €11,336 to €16,728
- Depreciation -€3,056
down €3,056 (-8.4%), from €36,417 to €33,361
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €880,864 | €761,802 | -€119,062 | -13.5% |
| Fixed assets | 21/28 | €458,604 | €425,243 | -€33,361 | -7.3% |
| Tangible fixed assets | 22/27 | €458,604 | €425,243 | -€33,361 | -7.3% |
| Land and buildings | 22 | €447,091 | €417,312 | -€29,780 | -6.7% |
| Furniture and vehicles | 24 | €3,929 | €1,367 | -€2,561 | -65.2% |
| Other tangible fixed assets | 26 | €7,584 | €6,564 | -€1,020 | -13.4% |
| Current assets | 29/58 | €422,260 | €336,558 | -€85,701 | -20.3% |
| Amounts receivable within one year | 40/41 | €35,017 | €251,954 | +€216,937 | +619.5% |
| Trade receivables | 40 | €11,131 | €10,406 | -€725 | -6.5% |
| Other amounts receivable | 41 | €23,886 | €241,547 | +€217,661 | +911.3% |
| Current investments | 50/53 | €376,822 | €0 | -€376,822 | -100.0% |
| Cash at bank and in hand | 54/58 | €10,421 | €75,360 | +€64,939 | +623.2% |
| Deferred charges and accrued income | 490/1 | - | €9,245 | +€9,245 | |
| Total equity and liabilities | 10/49 | €880,864 | €761,802 | -€119,062 | -13.5% |
| Equity | 10/15 | €546,062 | €465,543 | -€80,519 | -14.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €385,805 | €305,286 | -€80,519 | -20.9% |
| Distributable reserves | 133 | €385,805 | €305,286 | -€80,519 | -20.9% |
| Profit (loss) carried forward | 14 | €147,857 | €147,857 | = | 0.0% |
| Amounts payable | 17/49 | €334,802 | €296,258 | -€38,544 | -11.5% |
| Amounts payable after more than one year | 17 | €257,212 | €239,150 | -€18,062 | -7.0% |
| Financial debts | 170/4 | €257,212 | €239,150 | -€18,062 | -7.0% |
| Amounts payable within one year | 42/48 | €77,590 | €57,108 | -€20,481 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €17,873 | €18,062 | +€189 | +1.1% |
| Trade debts | 44 | €2,315 | €3,262 | +€947 | +40.9% |
| Suppliers | 440/4 | €2,315 | €3,262 | +€947 | +40.9% |
| Taxes, remuneration and social security | 45 | €52,406 | €29,244 | -€23,162 | -44.2% |
| Taxes | 450/3 | €33,773 | €12,540 | -€21,232 | -62.9% |
| Remuneration and social security | 454/9 | €18,633 | €16,703 | -€1,930 | -10.4% |
| Other amounts payable | 47/48 | €4,996 | €6,540 | +€1,544 | +30.9% |
| Non-recurring operating income | 76A | - | €19,581 | +€19,581 | |
| Remuneration, social security and pensions | 62 | €79,835 | €73,715 | -€6,119 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,417 | €33,361 | -€3,056 | -8.4% |
| Other operating charges | 640/8 | €12,018 | €11,523 | -€495 | -4.1% |
| Gross operating margin | 9900 | €200,791 | €164,871 | -€35,921 | -17.9% |
| Operating profit (loss) | 9901 | €72,521 | €46,272 | -€26,250 | -36.2% |
| Financial income | 75/76B | €11,336 | €16,728 | +€5,391 | +47.6% |
| Recurring financial income | 75 | €11,336 | €16,728 | +€5,391 | +47.6% |
| Financial charges | 65/66B | €11,455 | €4,928 | -€6,527 | -57.0% |
| Recurring financial charges | 65 | €11,455 | €4,928 | -€6,527 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | €72,403 | €58,071 | -€14,332 | -19.8% |
| Income taxes | 67/77 | €17,306 | €19,086 | +€1,780 | +10.3% |
| Profit (loss) for the period | 9904 | €55,098 | €38,986 | -€16,112 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €55,098 | €38,986 | -€16,112 | -29.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.