SmartPay HR Solution: 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.
SmartPay HR Solution
Largest movements
- Cash +€84,214
up €84,214 (+481.3%), from €17,496 to €101,710
mainly Net result for the year (+€103,188) and Depreciation (+€15,020)
- Financial fixed assets +€35,000
up €35,000 (+583.3%), from €6,000 to €41,000
- Receivables within one year -€6,013
down €6,013 (-27.6%), from €21,783 to €15,770
of which Trade receivables: -€6,050
- Profit (loss) carried forward +€103,188
up €103,188 (+14371.6%), from €718 to €103,906
- Tax, wage and social debts +€9,581
new in 2025: €9,581
- Gross operating margin +€85,258
up €85,258 (+134.7%), from €63,273 to €148,531
- Taxes +€19,355
up €19,355 (+155.7%), from €12,430 to €31,784
- Depreciation +€13,868
up €13,868 (+1204.7%), from €1,151 to €15,020
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 | €50,718 | €163,647 | +€112,929 | +222.7% |
| Fixed assets | 21/28 | €11,399 | €44,727 | +€33,328 | +292.4% |
| Intangible fixed assets | 21 | €901 | - | -€901 | |
| Tangible fixed assets | 22/27 | €4,498 | €3,727 | -€770 | -17.1% |
| Furniture and vehicles | 24 | €4,498 | €3,727 | -€770 | -17.1% |
| Financial fixed assets | 28 | €6,000 | €41,000 | +€35,000 | +583.3% |
| Current assets | 29/58 | €39,319 | €118,919 | +€79,600 | +202.4% |
| Amounts receivable within one year | 40/41 | €21,783 | €15,770 | -€6,013 | -27.6% |
| Trade receivables | 40 | €21,780 | €15,730 | -€6,050 | -27.8% |
| Other amounts receivable | 41 | €3 | €40 | +€37 | +1246.7% |
| Cash at bank and in hand | 54/58 | €17,496 | €101,710 | +€84,214 | +481.3% |
| Deferred charges and accrued income | 490/1 | €40 | €1,439 | +€1,399 | +3462.8% |
| Total equity and liabilities | 10/49 | €50,718 | €163,647 | +€112,929 | +222.7% |
| Equity | 10/15 | €50,718 | €153,906 | +€103,188 | +203.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €49,000 | €49,000 | = | 0.0% |
| Distributable reserves | 133 | €49,000 | €49,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €718 | €103,906 | +€103,188 | +14371.6% |
| Amounts payable | 17/49 | - | €9,741 | +€9,741 | |
| Amounts payable within one year | 42/48 | - | €9,741 | +€9,741 | |
| Trade debts | 44 | - | €160 | +€160 | |
| Suppliers | 440/4 | - | €160 | +€160 | |
| Taxes, remuneration and social security | 45 | - | €9,581 | +€9,581 | |
| Taxes | 450/3 | - | €9,581 | +€9,581 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,151 | €15,020 | +€13,868 | +1204.7% |
| Gross operating margin | 9900 | €63,273 | €148,531 | +€85,258 | +134.7% |
| Operating profit (loss) | 9901 | €62,122 | €133,512 | +€71,390 | +114.9% |
| Financial income | 75/76B | €40 | €1,501 | +€1,460 | +3614.5% |
| Recurring financial income | 75 | €40 | €1,501 | +€1,460 | +3614.5% |
| Financial charges | 65/66B | €15 | €40 | +€25 | +169.3% |
| Recurring financial charges | 65 | €15 | €40 | +€25 | +169.3% |
| Profit (loss) for the period before taxes | 9903 | €62,148 | €134,972 | +€72,824 | +117.2% |
| Income taxes | 67/77 | €12,430 | €31,784 | +€19,355 | +155.7% |
| Profit (loss) for the period | 9904 | €49,718 | €103,188 | +€53,470 | +107.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,718 | €103,188 | +€53,470 | +107.5% |
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.