SmartOnline: 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.
SmartOnline
Largest movements
- Receivables within one year -€38,236
down €38,236 (-23.7%), from €161,178 to €122,941
of which Trade receivables: -€34,187
- Other debts -€40,670
no longer reported in 2025 (was €40,670)
- Trade debts -€22,273
down €22,273 (-65.0%), from €34,252 to €11,979
- Advances received +€18,977
new in 2025: €18,977
- Accrued charges and deferred income +€17,964
new in 2025: €17,964
- Current portion of long-term debt -€12,000
no longer reported in 2025 (was €12,000)
- Gross operating margin -€17,451
down €17,451, from €14,196 to -€3,255
- Financial income -€3,673
down €3,673 (-90.7%), from €4,051 to €378
- Taxes -€3,266
down €3,266, from €3,137 to -€129
- Financial charges -€1,469
down €1,469 (-42.6%), from €3,449 to €1,980
- Other operating charges +€276
up €276 (+42.4%), from €651 to €928
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €206,381 | €166,949 | -€39,432 | -19.1% |
| Fixed assets | 21/28 | €6,484 | €5,433 | -€1,050 | -16.2% |
| Tangible fixed assets | 22/27 | €6,484 | €5,433 | -€1,050 | -16.2% |
| Plant, machinery and equipment | 23 | €1,154 | €731 | -€423 | -36.7% |
| Furniture and vehicles | 24 | €5,329 | €4,702 | -€627 | -11.8% |
| Current assets | 29/58 | €199,898 | €161,516 | -€38,382 | -19.2% |
| Stocks and contracts in progress | 3 | €38,066 | €38,066 | = | 0.0% |
| Stocks | 30/36 | €38,066 | €38,066 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €161,178 | €122,941 | -€38,236 | -23.7% |
| Trade receivables | 40 | €53,076 | €18,888 | -€34,187 | -64.4% |
| Other amounts receivable | 41 | €108,102 | €104,053 | -€4,049 | -3.7% |
| Deferred charges and accrued income | 490/1 | €654 | €508 | -€146 | -22.3% |
| Total equity and liabilities | 10/49 | €206,381 | €166,949 | -€39,432 | -19.1% |
| Equity | 10/15 | €85,670 | €78,152 | -€7,518 | -8.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €65,670 | €65,670 | = | 0.0% |
| Distributable reserves | 133 | €65,670 | €65,670 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,518 | -€7,518 | |
| Amounts payable | 17/49 | €120,711 | €88,797 | -€31,914 | -26.4% |
| Amounts payable after more than one year | 17 | €11,000 | €11,000 | = | 0.0% |
| Financial debts | 170/4 | €11,000 | €11,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €109,711 | €59,832 | -€49,879 | -45.5% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | - | -€12,000 | |
| Financial debts | 43 | €19,289 | €23,808 | +€4,520 | +23.4% |
| Credit institutions | 430/8 | €19,289 | €23,808 | +€4,520 | +23.4% |
| Trade debts | 44 | €34,252 | €11,979 | -€22,273 | -65.0% |
| Suppliers | 440/4 | €34,252 | €11,979 | -€22,273 | -65.0% |
| Advances received on contracts in progress | 46 | - | €18,977 | +€18,977 | |
| Taxes, remuneration and social security | 45 | €3,500 | €5,068 | +€1,568 | +44.8% |
| Taxes | 450/3 | €3,500 | €5,068 | +€1,568 | +44.8% |
| Other amounts payable | 47/48 | €40,670 | - | -€40,670 | |
| Accrued charges and deferred income | 492/3 | - | €17,964 | +€17,964 | |
| Remuneration, social security and pensions | 62 | -€208 | -€208 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,971 | €2,070 | +€100 | +5.1% |
| Other operating charges | 640/8 | €651 | €928 | +€276 | +42.4% |
| Gross operating margin | 9900 | €14,196 | -€3,255 | -€17,451 | |
| Operating profit (loss) | 9901 | €11,783 | -€6,045 | -€17,827 | |
| Financial income | 75/76B | €4,051 | €378 | -€3,673 | -90.7% |
| Recurring financial income | 75 | €4,051 | €378 | -€3,673 | -90.7% |
| Financial charges | 65/66B | €3,449 | €1,980 | -€1,469 | -42.6% |
| Recurring financial charges | 65 | €3,449 | €1,980 | -€1,469 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €12,385 | -€7,646 | -€20,031 | |
| Income taxes | 67/77 | €3,137 | -€129 | -€3,266 | |
| Profit (loss) for the period | 9904 | €9,248 | -€7,518 | -€16,765 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,248 | -€7,518 | -€16,765 |
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 11 October 2026 via checked.be.