SMART TRANSIT: 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 TRANSIT
Largest movements
- Cash +€34,553
up €34,553 (+69.9%), from €49,429 to €83,982
mainly Net result for the year (+€38,770) and Depreciation (+€4,994)
- Tangible fixed assets -€4,994
down €4,994 (-23.4%), from €21,321 to €16,327
- Receivables within one year +€4,665
up €4,665 (+10.6%), from €43,832 to €48,497
- Reserves +€38,770
up €38,770 (+63.1%), from €61,433 to €100,204
- Tax, wage and social debts -€4,292
down €4,292 (-11.4%), from €37,542 to €33,249
of which Remuneration and social security: -€7,694
- Trade debts -€1,783
down €1,783 (-18.4%), from €9,696 to €7,913
- Staff costs -€22,511
down €22,511 (-33.5%), from €67,141 to €44,631
- Gross operating margin -€9,308
down €9,308 (-8.5%), from €110,148 to €100,840
- Taxes +€2,794
up €2,794 (+33.8%), from €8,266 to €11,060
- Depreciation +€1,344
up €1,344 (+36.8%), from €3,650 to €4,994
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 | €116,144 | €150,158 | +€34,014 | +29.3% |
| Fixed assets | 21/28 | €22,585 | €16,327 | -€6,258 | -27.7% |
| Tangible fixed assets | 22/27 | €21,321 | €16,327 | -€4,994 | -23.4% |
| Furniture and vehicles | 24 | €21,321 | €16,327 | -€4,994 | -23.4% |
| Financial fixed assets | 28 | €1,264 | - | -€1,264 | |
| Current assets | 29/58 | €93,560 | €133,831 | +€40,272 | +43.0% |
| Amounts receivable within one year | 40/41 | €43,832 | €48,497 | +€4,665 | +10.6% |
| Trade receivables | 40 | €43,832 | €48,497 | +€4,665 | +10.6% |
| Cash at bank and in hand | 54/58 | €49,429 | €83,982 | +€34,553 | +69.9% |
| Deferred charges and accrued income | 490/1 | €299 | €1,353 | +€1,054 | +353% |
| Total equity and liabilities | 10/49 | €116,144 | €150,158 | +€34,014 | +29.3% |
| Equity | 10/15 | €66,433 | €105,204 | +€38,770 | +58.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €61,433 | €100,204 | +€38,770 | +63.1% |
| Distributable reserves | 133 | €61,433 | €100,204 | +€38,770 | +63.1% |
| Amounts payable | 17/49 | €49,711 | €44,954 | -€4,757 | -9.6% |
| Amounts payable within one year | 42/48 | €49,711 | €44,954 | -€4,757 | -9.6% |
| Trade debts | 44 | €9,696 | €7,913 | -€1,783 | -18.4% |
| Suppliers | 440/4 | €9,696 | €7,913 | -€1,783 | -18.4% |
| Taxes, remuneration and social security | 45 | €37,542 | €33,249 | -€4,292 | -11.4% |
| Taxes | 450/3 | €15,502 | €18,903 | +€3,401 | +21.9% |
| Remuneration and social security | 454/9 | €22,040 | €14,346 | -€7,694 | -34.9% |
| Other amounts payable | 47/48 | €2,473 | €3,791 | +€1,319 | +53.3% |
| Remuneration, social security and pensions | 62 | €67,141 | €44,631 | -€22,511 | -33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,650 | €4,994 | +€1,344 | +36.8% |
| Other operating charges | 640/8 | €787 | €1,199 | +€411 | +52.2% |
| Gross operating margin | 9900 | €110,148 | €100,840 | -€9,308 | -8.5% |
| Operating profit (loss) | 9901 | €38,569 | €50,017 | +€11,447 | +29.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €357 | €187 | -€170 | -47.7% |
| Recurring financial charges | 65 | €357 | €187 | -€170 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €38,212 | €49,830 | +€11,618 | +30.4% |
| Income taxes | 67/77 | €8,266 | €11,060 | +€2,794 | +33.8% |
| Profit (loss) for the period | 9904 | €29,947 | €38,770 | +€8,824 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,947 | €38,770 | +€8,824 | +29.5% |
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 14 October 2026 via checked.be.