Smart Tech Group: 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 Tech Group
Largest movements
- Tangible fixed assets -€15,179
down €15,179 (-25.0%), from €60,736 to €45,557
of which Furniture and vehicles: -€10,432
- Cash +€9,422
up €9,422 (+577.3%), from €1,632 to €11,054
mainly Net result for the year (+€27,159) and Depreciation (+€21,626)
- Receivables within one year +€7,522
up €7,522 (+49.0%), from €15,361 to €22,882
- Deferred charges and accrued income -€6,007
no longer reported in 2025 (was €6,007)
- Profit (loss) carried forward +€27,247
up €27,247 (+95.3%), from -€28,584 to -€1,337
- Other debts -€19,143
down €19,143 (-83.7%), from €22,873 to €3,731
- Current portion of long-term debt -€7,890
no longer reported in 2025 (was €7,890)
- Tax, wage and social debts -€7,467
down €7,467 (-19.7%), from €37,817 to €30,351
of which Remuneration and social security: -€15,020
- Trade debts +€3,010
up €3,010 (+58.1%), from €5,183 to €8,193
- Gross operating margin +€55,713
up €55,713 (+61.2%), from €90,965 to €146,678
- Taxes +€7,538
up €7,538 (+714.6%), from €1,055 to €8,593
- Staff costs -€6,646
down €6,646 (-7.9%), from €83,860 to €77,215
- Financial charges -€4,060
down €4,060 (-87.6%), from €4,635 to €575
- Depreciation +€3,057
up €3,057 (+16.5%), from €18,568 to €21,626
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 | €83,736 | €79,493 | -€4,243 | -5.1% |
| Fixed assets | 21/28 | €60,736 | €45,557 | -€15,179 | -25.0% |
| Tangible fixed assets | 22/27 | €60,736 | €45,557 | -€15,179 | -25.0% |
| Plant, machinery and equipment | 23 | €17,975 | €13,228 | -€4,748 | -26.4% |
| Furniture and vehicles | 24 | €42,761 | €32,329 | -€10,432 | -24.4% |
| Current assets | 29/58 | €23,000 | €33,936 | +€10,936 | +47.5% |
| Amounts receivable within one year | 40/41 | €15,361 | €22,882 | +€7,522 | +49.0% |
| Trade receivables | 40 | €15,361 | €22,882 | +€7,522 | +49.0% |
| Cash at bank and in hand | 54/58 | €1,632 | €11,054 | +€9,422 | +577.3% |
| Deferred charges and accrued income | 490/1 | €6,007 | - | -€6,007 | |
| Total equity and liabilities | 10/49 | €83,736 | €79,493 | -€4,243 | -5.1% |
| Equity | 10/15 | €9,972 | €37,219 | +€27,247 | +273.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €37,556 | €37,556 | = | 0.0% |
| Distributable reserves | 133 | €37,556 | €37,556 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,584 | -€1,337 | +€27,247 | +95.3% |
| Amounts payable | 17/49 | €73,764 | €42,274 | -€31,490 | -42.7% |
| Amounts payable within one year | 42/48 | €73,764 | €42,274 | -€31,490 | -42.7% |
| Current portion of amounts payable after more than one year | 42 | €7,890 | - | -€7,890 | |
| Trade debts | 44 | €5,183 | €8,193 | +€3,010 | +58.1% |
| Suppliers | 440/4 | €5,183 | €8,193 | +€3,010 | +58.1% |
| Taxes, remuneration and social security | 45 | €37,817 | €30,351 | -€7,467 | -19.7% |
| Taxes | 450/3 | €14,728 | €22,281 | +€7,553 | +51.3% |
| Remuneration and social security | 454/9 | €23,089 | €8,069 | -€15,020 | -65.1% |
| Other amounts payable | 47/48 | €22,873 | €3,731 | -€19,143 | -83.7% |
| Remuneration, social security and pensions | 62 | €83,860 | €77,215 | -€6,646 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,568 | €21,626 | +€3,057 | +16.5% |
| Other operating charges | 640/8 | €10,038 | €11,519 | +€1,481 | +14.8% |
| Gross operating margin | 9900 | €90,965 | €146,678 | +€55,713 | +61.2% |
| Operating profit (loss) | 9901 | -€21,502 | €36,319 | +€57,820 | |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €4,635 | €575 | -€4,060 | -87.6% |
| Recurring financial charges | 65 | €4,635 | €575 | -€4,060 | -87.6% |
| Profit (loss) for the period before taxes | 9903 | -€26,137 | €35,752 | +€61,888 | |
| Income taxes | 67/77 | €1,055 | €8,593 | +€7,538 | +714.6% |
| Profit (loss) for the period | 9904 | -€27,191 | €27,159 | +€54,351 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,191 | €27,159 | +€54,351 |
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 9 October 2026 via checked.be.