SmartCom: 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.
SmartCom
Largest movements
- Receivables within one year +€22,303
up €22,303 (+218.2%), from €10,222 to €32,525
of which Trade receivables: +€22,896
- Current investments +€20,000
up €20,000 (+32.4%), from €61,766 to €81,766
- Cash -€4,096
down €4,096 (-19.7%), from €20,834 to €16,738
mainly Receivables within one year (-€22,303) and Current investments (-€20,000)
- Tangible fixed assets -€1,476
down €1,476 (-33.9%), from €4,357 to €2,881
of which Furniture and vehicles: -€879
- Profit (loss) carried forward +€25,197
up €25,197 (+62.2%), from -€40,482 to -€15,285
- Other debts +€14,410
up €14,410, from €0 to €14,410
- Reserves -€8,421
down €8,421 (-7.2%), from €116,874 to €108,453
- Tax, wage and social debts +€4,551
up €4,551 (+98.3%), from €4,627 to €9,178
- Gross operating margin +€4,409
up €4,409 (+15.7%), from €28,118 to €32,527
- Taxes +€2,073
up €2,073 (+778.0%), from €266 to €2,339
- Financial charges -€813
down €813 (-21.0%), from €3,865 to €3,052
- Other operating charges -€743
down €743 (-58.8%), from €1,263 to €520
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 | €99,065 | €135,899 | +€36,834 | +37.2% |
| Fixed assets | 21/28 | €4,357 | €2,881 | -€1,476 | -33.9% |
| Tangible fixed assets | 22/27 | €4,357 | €2,881 | -€1,476 | -33.9% |
| Plant, machinery and equipment | 23 | €2,599 | €2,002 | -€597 | -23.0% |
| Furniture and vehicles | 24 | €1,759 | €879 | -€879 | -50.0% |
| Current assets | 29/58 | €94,707 | €133,017 | +€38,310 | +40.5% |
| Amounts receivable within one year | 40/41 | €10,222 | €32,525 | +€22,303 | +218.2% |
| Trade receivables | 40 | €9,629 | €32,525 | +€22,896 | +237.8% |
| Other amounts receivable | 41 | €592 | €0 | -€592 | -100.0% |
| Current investments | 50/53 | €61,766 | €81,766 | +€20,000 | +32.4% |
| Cash at bank and in hand | 54/58 | €20,834 | €16,738 | -€4,096 | -19.7% |
| Deferred charges and accrued income | 490/1 | €1,885 | €1,988 | +€103 | +5.5% |
| Total equity and liabilities | 10/49 | €99,065 | €135,899 | +€36,834 | +37.2% |
| Equity | 10/15 | €91,716 | €108,491 | +€16,776 | +18.3% |
| Contributions | 10/11 | €15,324 | €15,324 | = | 0.0% |
| Reserves | 13 | €116,874 | €108,453 | -€8,421 | -7.2% |
| Distributable reserves | 133 | €116,874 | €108,453 | -€8,421 | -7.2% |
| Profit (loss) carried forward | 14 | -€40,482 | -€15,285 | +€25,197 | +62.2% |
| Amounts payable | 17/49 | €7,349 | €27,408 | +€20,058 | +272.9% |
| Amounts payable within one year | 42/48 | €7,349 | €27,408 | +€20,058 | +272.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,722 | €3,820 | +€1,098 | +40.3% |
| Suppliers | 440/4 | €2,722 | €3,820 | +€1,098 | +40.3% |
| Taxes, remuneration and social security | 45 | €4,627 | €9,178 | +€4,551 | +98.3% |
| Taxes | 450/3 | €4,627 | €9,178 | +€4,551 | +98.3% |
| Other amounts payable | 47/48 | €0 | €14,410 | +€14,410 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,264 | €1,476 | +€212 | +16.8% |
| Other operating charges | 640/8 | €1,263 | €520 | -€743 | -58.8% |
| Gross operating margin | 9900 | €28,118 | €32,527 | +€4,409 | +15.7% |
| Operating profit (loss) | 9901 | €25,592 | €30,532 | +€4,940 | +19.3% |
| Financial income | 75/76B | €19 | €56 | +€37 | +194.9% |
| Recurring financial income | 75 | €19 | €56 | +€37 | +194.9% |
| Financial charges | 65/66B | €3,865 | €3,052 | -€813 | -21.0% |
| Recurring financial charges | 65 | €3,865 | €3,052 | -€813 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €21,746 | €27,536 | +€5,790 | +26.6% |
| Income taxes | 67/77 | €266 | €2,339 | +€2,073 | +778.0% |
| Profit (loss) for the period | 9904 | €21,480 | €25,197 | +€3,717 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,480 | €25,197 | +€3,717 | +17.3% |
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 4 October 2026 via checked.be.