smart systemes: 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 systemes
Largest movements
- Cash +€13,409
up €13,409 (+752.5%), from €1,782 to €15,190
mainly Other debts (+€11,734) and Net result for the year (+€4,059)
- Receivables within one year -€3,786
down €3,786 (-91.9%), from €4,118 to €332
of which Trade receivables: -€2,801
- Tangible fixed assets -€2,060
down €2,060 (-65.7%), from €3,134 to €1,074
of which Furniture and vehicles: -€1,913
- Other debts +€11,734
up €11,734 (+27706.2%), from €42 to €11,776
- Reserves -€7,674
no longer reported in 2025 (was €7,674)
- Tax, wage and social debts +€3,141
up €3,141 (+1668.0%), from €188 to €3,329
of which Remuneration and social security: +€2,220
- Trade debts +€363
up €363 (+282.7%), from €128 to €491
- Gross operating margin +€21,523
up €21,523 (+1066.3%), from €2,019 to €23,542
- Staff costs +€18,001
new in 2025: €18,001
- Depreciation -€1,661
down €1,661 (-84.5%), from €1,966 to €305
- Taxes +€921
up €921 (+7549.8%), from €12 to €933
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 | €9,033 | €16,596 | +€7,563 | +83.7% |
| Fixed assets | 21/28 | €3,134 | €1,074 | -€2,060 | -65.7% |
| Tangible fixed assets | 22/27 | €3,134 | €1,074 | -€2,060 | -65.7% |
| Plant, machinery and equipment | 23 | €292 | €145 | -€147 | -50.3% |
| Furniture and vehicles | 24 | €2,842 | €929 | -€1,913 | -67.3% |
| Current assets | 29/58 | €5,900 | €15,522 | +€9,623 | +163.1% |
| Amounts receivable within one year | 40/41 | €4,118 | €332 | -€3,786 | -91.9% |
| Trade receivables | 40 | €2,801 | - | -€2,801 | |
| Other amounts receivable | 41 | €1,317 | €332 | -€985 | -74.8% |
| Cash at bank and in hand | 54/58 | €1,782 | €15,190 | +€13,409 | +752.5% |
| Total equity and liabilities | 10/49 | €9,033 | €16,596 | +€7,563 | +83.7% |
| Equity | 10/15 | €8,674 | €1,000 | -€7,674 | -88.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €7,674 | - | -€7,674 | |
| Distributable reserves | 133 | €7,674 | - | -€7,674 | |
| Amounts payable | 17/49 | €359 | €15,596 | +€15,237 | +4244.8% |
| Amounts payable within one year | 42/48 | €359 | €15,596 | +€15,237 | +4244.8% |
| Trade debts | 44 | €128 | €491 | +€363 | +282.7% |
| Suppliers | 440/4 | €128 | €491 | +€363 | +282.7% |
| Taxes, remuneration and social security | 45 | €188 | €3,329 | +€3,141 | +1668.0% |
| Taxes | 450/3 | €188 | €1,109 | +€921 | +489.2% |
| Remuneration and social security | 454/9 | - | €2,220 | +€2,220 | |
| Other amounts payable | 47/48 | €42 | €11,776 | +€11,734 | +27706.2% |
| Non-recurring operating income | 76A | €964 | €695 | -€269 | -27.9% |
| Remuneration, social security and pensions | 62 | - | €18,001 | +€18,001 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,966 | €305 | -€1,661 | -84.5% |
| Other operating charges | 640/8 | €3 | - | -€3 | |
| Non-recurring operating charges | 66A | €348 | - | -€348 | |
| Gross operating margin | 9900 | €2,019 | €23,542 | +€21,523 | +1066.3% |
| Operating profit (loss) | 9901 | -€298 | €5,236 | +€5,535 | |
| Financial income | 75/76B | €1 | €4 | +€3 | +247.8% |
| Recurring financial income | 75 | €1 | €4 | +€3 | +247.8% |
| Financial charges | 65/66B | €243 | €248 | +€4 | +1.7% |
| Recurring financial charges | 65 | €243 | €248 | +€4 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | -€541 | €4,993 | +€5,533 | |
| Income taxes | 67/77 | €12 | €933 | +€921 | +7549.8% |
| Profit (loss) for the period | 9904 | -€553 | €4,059 | +€4,612 | |
| Profit (loss) for the period to be appropriated | 9905 | -€553 | €4,059 | +€4,612 |
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.