SMART TECHNOLOGIES AND RENOVATIONS: 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 TECHNOLOGIES AND RENOVATIONS
Largest movements
- Cash -€8,063
down €8,063 (-38.4%), from €21,013 to €12,949
mainly Investment in fixed assets (net) (-€15,444) and Tax, wage and social debts (-€8,832)
- Tangible fixed assets +€6,888
up €6,888 (+76.4%), from €9,013 to €15,901
of which Land and buildings: +€11,250
- Receivables within one year -€5,495
down €5,495 (-32.6%), from €16,866 to €11,371
of which Other amounts receivable: -€7,453
- Formation expenses +€2,944
new in 2025: €2,944
- Other debts +€10,571
up €10,571 (+170%), from €6,222 to €16,793
- Tax, wage and social debts -€8,832
down €8,832 (-82.1%), from €10,761 to €1,929
of which Taxes: -€8,935
- Trade debts -€8,064
down €8,064 (-86.8%), from €9,291 to €1,227
- Profit (loss) carried forward +€2,599
up €2,599 (+11.2%), from €23,205 to €25,804
- Turnover -€83,510
no longer reported in 2025 (was €83,510)
- Purchases and services -€70,917
no longer reported in 2025 (was €70,917)
- Gross operating margin +€8,027
up €8,027 (+56.0%), from €14,343 to €22,370
- Staff costs +€3,622
up €3,622 (+61.8%), from €5,857 to €9,479
- Taxes +€3,500
new in 2025: €3,500
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.
Derived cash bridge
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 | €59,479 | €55,753 | -€3,726 | -6.3% |
| Formation expenses | 20 | - | €2,944 | +€2,944 | |
| Fixed assets | 21/28 | €9,597 | €16,485 | +€6,888 | +71.8% |
| Tangible fixed assets | 22/27 | €9,013 | €15,901 | +€6,888 | +76.4% |
| Land and buildings | 22 | - | €11,250 | +€11,250 | |
| Plant, machinery and equipment | 23 | €4,461 | €1,807 | -€2,653 | -59.5% |
| Furniture and vehicles | 24 | €4,552 | €2,844 | -€1,708 | -37.5% |
| Financial fixed assets | 28 | €584 | €584 | = | 0.0% |
| Current assets | 29/58 | €49,882 | €36,324 | -€13,558 | -27.2% |
| Stocks and contracts in progress | 3 | €12,004 | €12,004 | = | 0.0% |
| Stocks | 30/36 | €12,004 | €12,004 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,866 | €11,371 | -€5,495 | -32.6% |
| Trade receivables | 40 | €923 | €2,882 | +€1,958 | +212% |
| Other amounts receivable | 41 | €15,943 | €8,489 | -€7,453 | -46.7% |
| Cash at bank and in hand | 54/58 | €21,013 | €12,949 | -€8,063 | -38.4% |
| Total equity and liabilities | 10/49 | €59,479 | €55,753 | -€3,726 | -6.3% |
| Equity | 10/15 | €33,205 | €35,804 | +€2,599 | +7.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €10,000 | +€10,000 | |
| Other | 1109/19 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €23,205 | €25,804 | +€2,599 | +11.2% |
| Amounts payable | 17/49 | €26,274 | €19,949 | -€6,325 | -24.1% |
| Amounts payable within one year | 42/48 | €26,274 | €19,949 | -€6,325 | -24.1% |
| Trade debts | 44 | €9,291 | €1,227 | -€8,064 | -86.8% |
| Suppliers | 440/4 | €9,291 | €1,227 | -€8,064 | -86.8% |
| Taxes, remuneration and social security | 45 | €10,761 | €1,929 | -€8,832 | -82.1% |
| Taxes | 450/3 | €10,761 | €1,825 | -€8,935 | -83.0% |
| Remuneration and social security | 454/9 | - | €104 | +€104 | |
| Other amounts payable | 47/48 | €6,222 | €16,793 | +€10,571 | +170% |
| Turnover | 70 | €83,510 | - | -€83,510 | |
| Non-recurring operating income | 76A | €1,750 | €2,113 | +€363 | +20.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €70,917 | - | -€70,917 | |
| Remuneration, social security and pensions | 62 | €5,857 | €9,479 | +€3,622 | +61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,097 | €5,612 | +€1,515 | +37.0% |
| Other operating charges | 640/8 | €2,716 | €1,027 | -€1,689 | -62.2% |
| Gross operating margin | 9900 | €14,343 | €22,370 | +€8,027 | +56.0% |
| Operating profit (loss) | 9901 | €1,673 | €6,252 | +€4,579 | +274% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €153 | €153 | -€0 | -0.2% |
| Recurring financial charges | 65 | €153 | €153 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €1,520 | €6,099 | +€4,579 | +301% |
| Income taxes | 67/77 | - | €3,500 | +€3,500 | |
| Profit (loss) for the period | 9904 | €1,520 | €2,599 | +€1,079 | +71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,520 | €2,599 | +€1,079 | +71.0% |
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 25 October 2026 via checked.be.