SmartOps: 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.
SmartOps
Largest movements
- Receivables within one year -€37,167
down €37,167 (-18.0%), from €205,924 to €168,757
- Tangible fixed assets -€5,643
down €5,643 (-49.8%), from €11,325 to €5,682
- Profit (loss) carried forward -€122,389
down €122,389 (-26.7%), from -€459,144 to -€581,533
- Other debts +€109,922
up €109,922 (+27.3%), from €403,056 to €512,978
- Trade debts -€37,338
down €37,338 (-26.1%), from €143,133 to €105,796
- Accrued charges and deferred income +€33,288
up €33,288 (+292.9%), from €11,364 to €44,651
- Tax, wage and social debts -€27,580
down €27,580 (-38.9%), from €70,938 to €43,358
of which Remuneration and social security: -€24,955
- Staff costs -€127,991
down €127,991 (-21.1%), from €607,350 to €479,359
- Purchases and services -€97,807
down €97,807 (-13.2%), from €742,206 to €644,399
- Gross operating margin -€80,421
down €80,421 (-16.7%), from €482,354 to €401,933
- Turnover -€31,852
down €31,852 (-2.8%), from €1.1m to €1.1m
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 | €235,774 | €192,057 | -€43,717 | -18.5% |
| Fixed assets | 21/28 | €11,325 | €5,682 | -€5,643 | -49.8% |
| Tangible fixed assets | 22/27 | €11,325 | €5,682 | -€5,643 | -49.8% |
| Plant, machinery and equipment | 23 | €11,325 | €5,682 | -€5,643 | -49.8% |
| Current assets | 29/58 | €224,449 | €186,375 | -€38,075 | -17.0% |
| Amounts receivable within one year | 40/41 | €205,924 | €168,757 | -€37,167 | -18.0% |
| Trade receivables | 40 | €205,924 | €168,757 | -€37,167 | -18.0% |
| Cash at bank and in hand | 54/58 | €7,939 | €8,628 | +€690 | +8.7% |
| Deferred charges and accrued income | 490/1 | €10,586 | €8,989 | -€1,597 | -15.1% |
| Total equity and liabilities | 10/49 | €235,774 | €192,057 | -€43,717 | -18.5% |
| Equity | 10/15 | -€397,144 | -€519,533 | -€122,389 | -30.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€459,144 | -€581,533 | -€122,389 | -26.7% |
| Provisions and deferred taxes | 16 | - | €175 | +€175 | |
| Provisions for liabilities and charges | 160/5 | - | €175 | +€175 | |
| Pensions and similar obligations | 160 | - | €175 | +€175 | |
| Amounts payable | 17/49 | €632,918 | €711,415 | +€78,497 | +12.4% |
| Amounts payable within one year | 42/48 | €621,554 | €666,764 | +€45,209 | +7.3% |
| Trade debts | 44 | €143,133 | €105,796 | -€37,338 | -26.1% |
| Suppliers | 440/4 | €143,133 | €105,796 | -€37,338 | -26.1% |
| Advances received on contracts in progress | 46 | €4,427 | €4,631 | +€205 | +4.6% |
| Taxes, remuneration and social security | 45 | €70,938 | €43,358 | -€27,580 | -38.9% |
| Taxes | 450/3 | €12,587 | €9,961 | -€2,625 | -20.9% |
| Remuneration and social security | 454/9 | €58,352 | €33,397 | -€24,955 | -42.8% |
| Other amounts payable | 47/48 | €403,056 | €512,978 | +€109,922 | +27.3% |
| Accrued charges and deferred income | 492/3 | €11,364 | €44,651 | +€33,288 | +292.9% |
| Turnover | 70 | €1,138,850 | €1,106,998 | -€31,852 | -2.8% |
| Non-recurring operating income | 76A | - | €1,119 | +€1,119 | |
| Goods, raw materials, services and sundry goods | 60/61 | €742,206 | €644,399 | -€97,807 | -13.2% |
| Remuneration, social security and pensions | 62 | €607,350 | €479,359 | -€127,991 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,949 | €5,745 | -€4,204 | -42.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,169 | €167 | -€2,002 | -92.3% |
| Other operating charges | 640/8 | €5,016 | €2,065 | -€2,952 | -58.8% |
| Non-recurring operating charges | 66A | €967 | €1,228 | +€261 | +26.9% |
| Gross operating margin | 9900 | €482,354 | €401,933 | -€80,421 | -16.7% |
| Operating profit (loss) | 9901 | -€143,097 | -€86,630 | +€56,467 | +39.5% |
| Financial income | 75/76B | €945 | €116 | -€829 | -87.7% |
| Recurring financial income | 75 | €945 | €116 | -€829 | -87.7% |
| Financial charges | 65/66B | €34,845 | €34,628 | -€218 | -0.6% |
| Recurring financial charges | 65 | €34,845 | €34,628 | -€218 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€176,997 | -€121,141 | +€55,856 | +31.6% |
| Income taxes | 67/77 | €2,102 | €1,248 | -€854 | -40.6% |
| Profit (loss) for the period | 9904 | -€179,099 | -€122,389 | +€56,710 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€179,099 | -€122,389 | +€56,710 | +31.7% |
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.