SMARTIS: 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.
SMARTIS
Largest movements
- Receivables within one year +€12,581
up €12,581 (+772%), from €1,631 to €14,212
of which Other amounts receivable: +€13,603
- Cash -€599
down €599 (-98.0%), from €611 to €12
mainly Receivables within one year (-€12,581)
- Tangible fixed assets -€445
down €445 (-97.2%), from €458 to €13
- Profit (loss) carried forward +€8,948
up €8,948, from -€499 to €8,449
- Trade debts +€2,173
up €2,173 (+249%), from €873 to €3,046
- Tax, wage and social debts +€416
up €416 (+66.4%), from €626 to €1,041
- Gross operating margin -€11,113
down €11,113 (-54.0%), from €20,595 to €9,482
- Financial charges -€10,978
down €10,978 (-98.3%), from €11,166 to €188
- Staff costs -€3,045
down €3,045 (-92.7%), from €3,286 to €241
- Other operating charges -€469
down €469 (-87.7%), from €535 to €66
- Financial income +€388
up €388 (+2,101%), from €18 to €406
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 | €6,000 | €17,537 | +€11,537 | +192% |
| Fixed assets | 21/28 | €3,758 | €3,313 | -€445 | -11.8% |
| Tangible fixed assets | 22/27 | €458 | €13 | -€445 | -97.2% |
| Other tangible fixed assets | 26 | €458 | €13 | -€445 | -97.2% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €2,242 | €14,224 | +€11,982 | +534% |
| Amounts receivable within one year | 40/41 | €1,631 | €14,212 | +€12,581 | +772% |
| Trade receivables | 40 | €1,022 | - | -€1,022 | |
| Other amounts receivable | 41 | €609 | €14,212 | +€13,603 | +2,235% |
| Cash at bank and in hand | 54/58 | €611 | €12 | -€599 | -98.0% |
| Total equity and liabilities | 10/49 | €6,000 | €17,537 | +€11,537 | +192% |
| Equity | 10/15 | €4,501 | €13,449 | +€8,948 | +199% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€499 | €8,449 | +€8,948 | |
| Amounts payable | 17/49 | €1,499 | €4,087 | +€2,589 | +173% |
| Amounts payable within one year | 42/48 | €1,499 | €4,087 | +€2,589 | +173% |
| Trade debts | 44 | €873 | €3,046 | +€2,173 | +249% |
| Suppliers | 440/4 | €873 | €3,046 | +€2,173 | +249% |
| Taxes, remuneration and social security | 45 | €626 | €1,041 | +€416 | +66.4% |
| Taxes | 450/3 | €626 | €1,041 | +€416 | +66.4% |
| Remuneration, social security and pensions | 62 | €3,286 | €241 | -€3,045 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €719 | €445 | -€274 | -38.1% |
| Other operating charges | 640/8 | €535 | €66 | -€469 | -87.7% |
| Gross operating margin | 9900 | €20,595 | €9,482 | -€11,113 | -54.0% |
| Operating profit (loss) | 9901 | €16,056 | €8,731 | -€7,326 | -45.6% |
| Financial income | 75/76B | €18 | €406 | +€388 | +2,101% |
| Recurring financial income | 75 | €18 | €406 | +€388 | +2,101% |
| Financial charges | 65/66B | €11,166 | €188 | -€10,978 | -98.3% |
| Recurring financial charges | 65 | €11,166 | €188 | -€10,978 | -98.3% |
| Profit (loss) for the period before taxes | 9903 | €4,908 | €8,948 | +€4,040 | +82.3% |
| Profit (loss) for the period | 9904 | €4,908 | €8,948 | +€4,040 | +82.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,908 | €8,948 | +€4,040 | +82.3% |
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 30 October 2026 via checked.be.