SMART SOFTWARE DEVELOPMENT: 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 SOFTWARE DEVELOPMENT
Largest movements
- Intangible fixed assets -€170,359
down €170,359 (-20.0%), from €851,794 to €681,435
- Receivables within one year -€76,348
down €76,348 (-99.6%), from €76,638 to €290
of which Trade receivables: -€76,567
- Profit (loss) carried forward -€100,152
down €100,152 (-524.8%), from -€19,083 to -€119,235
- Investment grants -€75,713
down €75,713 (-20.0%), from €378,567 to €302,854
- Trade debts -€73,129
down €73,129 (-100.0%), from €73,129 to €0
- Depreciation +€170,359
new in 2025: €170,359
- Financial income +€75,713
new in 2025: €75,713
- Other operating charges +€2,255
up €2,255 (+159.0%), from €1,418 to €3,673
- Gross operating margin -€624
down €624 (-53.3%), from -€1,170 to -€1,793
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 | €928,651 | €681,907 | -€246,744 | -26.6% |
| Fixed assets | 21/28 | €851,794 | €681,435 | -€170,359 | -20.0% |
| Intangible fixed assets | 21 | €851,794 | €681,435 | -€170,359 | -20.0% |
| Current assets | 29/58 | €76,857 | €472 | -€76,385 | -99.4% |
| Amounts receivable within one year | 40/41 | €76,638 | €290 | -€76,348 | -99.6% |
| Trade receivables | 40 | €76,567 | €0 | -€76,567 | -100.0% |
| Other amounts receivable | 41 | €71 | €290 | +€219 | +308.8% |
| Cash at bank and in hand | 54/58 | €219 | €182 | -€37 | -16.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €928,651 | €681,907 | -€246,744 | -26.6% |
| Equity | 10/15 | €362,584 | €186,719 | -€175,866 | -48.5% |
| Contributions | 10/11 | €3,100 | €3,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,083 | -€119,235 | -€100,152 | -524.8% |
| Investment grants | 15 | €378,567 | €302,854 | -€75,713 | -20.0% |
| Amounts payable | 17/49 | €566,066 | €495,188 | -€70,879 | -12.5% |
| Amounts payable within one year | 42/48 | €563,566 | €492,688 | -€70,879 | -12.6% |
| Trade debts | 44 | €73,129 | €0 | -€73,129 | -100.0% |
| Suppliers | 440/4 | €73,129 | €0 | -€73,129 | -100.0% |
| Advances received on contracts in progress | 46 | €485,000 | €485,000 | = | 0.0% |
| Other amounts payable | 47/48 | €5,438 | €7,688 | +€2,250 | +41.4% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €170,359 | +€170,359 | |
| Other operating charges | 640/8 | €1,418 | €3,673 | +€2,255 | +159.0% |
| Gross operating margin | 9900 | -€1,170 | -€1,793 | -€624 | -53.3% |
| Operating profit (loss) | 9901 | -€2,588 | -€175,825 | -€173,237 | -6694.8% |
| Financial income | 75/76B | - | €75,713 | +€75,713 | |
| Recurring financial income | 75 | - | €75,713 | +€75,713 | |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,627 | -€100,152 | -€97,525 | -3712.9% |
| Profit (loss) for the period | 9904 | -€2,627 | -€100,152 | -€97,525 | -3712.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,627 | -€100,152 | -€97,525 | -3712.9% |
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 5 October 2026 via checked.be.