Smartbyte: 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.
Smartbyte
Largest movements
- Tangible fixed assets +€93,769
up €93,769 (+49.1%), from €191,016 to €284,785
of which Land and buildings: +€98,741
- Cash -€22,242
down €22,242 (-96.9%), from €22,944 to €702
mainly Investment in fixed assets (net) (-€123,867) and Trade debts (-€20,293)
- Receivables within one year +€20,165
new in 2025: €20,165
- Debts after one year +€60,993
up €60,993 (+51.5%), from €118,400 to €179,393
- Other debts +€31,821
up €31,821 (+438.9%), from €7,250 to €39,071
- Trade debts -€20,293
down €20,293 (-72.8%), from €27,860 to €7,567
- Current portion of long-term debt +€10,132
new in 2025: €10,132
- Profit (loss) carried forward +€8,612
up €8,612 (+6043.9%), from €142 to €8,755
- Gross operating margin +€19,398
up €19,398 (+55.9%), from €34,729 to €54,127
- Depreciation +€15,924
up €15,924 (+112.4%), from €14,174 to €30,098
- Financial charges +€10,081
up €10,081 (+6609.2%), from €153 to €10,234
- Other operating charges -€1,814
down €1,814 (-53.9%), from €3,362 to €1,548
- Taxes -€1,349
down €1,349 (-27.3%), from €4,945 to €3,596
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 | €213,960 | €306,148 | +€92,188 | +43.1% |
| Fixed assets | 21/28 | €191,016 | €284,785 | +€93,769 | +49.1% |
| Tangible fixed assets | 22/27 | €191,016 | €284,785 | +€93,769 | +49.1% |
| Land and buildings | 22 | €172,709 | €271,450 | +€98,741 | +57.2% |
| Plant, machinery and equipment | 23 | €12,414 | €8,779 | -€3,635 | -29.3% |
| Furniture and vehicles | 24 | €5,893 | €4,556 | -€1,336 | -22.7% |
| Current assets | 29/58 | €22,944 | €21,362 | -€1,581 | -6.9% |
| Amounts receivable within one year | 40/41 | - | €20,165 | +€20,165 | |
| Trade receivables | 40 | - | €20,165 | +€20,165 | |
| Cash at bank and in hand | 54/58 | €22,944 | €702 | -€22,242 | -96.9% |
| Deferred charges and accrued income | 490/1 | - | €496 | +€496 | |
| Total equity and liabilities | 10/49 | €213,960 | €306,148 | +€92,188 | +43.1% |
| Equity | 10/15 | €22,142 | €30,755 | +€8,612 | +38.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €19,000 | €19,000 | = | 0.0% |
| Distributable reserves | 133 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142 | €8,755 | +€8,612 | +6043.9% |
| Amounts payable | 17/49 | €191,817 | €275,393 | +€83,576 | +43.6% |
| Amounts payable after more than one year | 17 | €118,400 | €179,393 | +€60,993 | +51.5% |
| Financial debts | 170/4 | €118,400 | €179,393 | +€60,993 | +51.5% |
| Amounts payable within one year | 42/48 | €49,167 | €71,750 | +€22,583 | +45.9% |
| Current portion of amounts payable after more than one year | 42 | - | €10,132 | +€10,132 | |
| Trade debts | 44 | €27,860 | €7,567 | -€20,293 | -72.8% |
| Suppliers | 440/4 | €27,860 | €7,567 | -€20,293 | -72.8% |
| Taxes, remuneration and social security | 45 | €14,057 | €14,980 | +€924 | +6.6% |
| Taxes | 450/3 | €10,968 | €11,634 | +€666 | +6.1% |
| Remuneration and social security | 454/9 | €3,088 | €3,346 | +€257 | +8.3% |
| Other amounts payable | 47/48 | €7,250 | €39,071 | +€31,821 | +438.9% |
| Accrued charges and deferred income | 492/3 | €24,250 | €24,250 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €99 | €132 | +€33 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,174 | €30,098 | +€15,924 | +112.4% |
| Other operating charges | 640/8 | €3,362 | €1,548 | -€1,814 | -53.9% |
| Gross operating margin | 9900 | €34,729 | €54,127 | +€19,398 | +55.9% |
| Operating profit (loss) | 9901 | €17,094 | €22,349 | +€5,255 | +30.7% |
| Financial income | 75/76B | - | €92 | +€92 | |
| Recurring financial income | 75 | - | €92 | +€92 | |
| Financial charges | 65/66B | €153 | €10,234 | +€10,081 | +6609.2% |
| Recurring financial charges | 65 | €153 | €10,234 | +€10,081 | +6609.2% |
| Profit (loss) for the period before taxes | 9903 | €16,942 | €12,208 | -€4,734 | -27.9% |
| Income taxes | 67/77 | €4,945 | €3,596 | -€1,349 | -27.3% |
| Profit (loss) for the period | 9904 | €11,997 | €8,612 | -€3,385 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,997 | €8,612 | -€3,385 | -28.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.