SmartSol: 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.
SmartSol
Largest movements
- Tangible fixed assets -€152,161
down €152,161 (-5.7%), from €2.7m to €2.5m
of which Other tangible fixed assets: -€148,598
- Cash +€27,360
up €27,360 (+321%), from €8,516 to €35,876
mainly Other debts (+€200,930) and Depreciation (+€152,161)
- Other debts +€200,930
up €200,930 (+10.9%), from €1.8m to €2.0m
- Debts after one year -€174,717
no longer reported in 2025 (was €174,717)
- Current portion of long-term debt -€135,333
down €135,333 (-43.6%), from €310,050 to €174,717
- Profit (loss) carried forward -€45,306
down €45,306 (-21.9%), from €206,718 to €161,412
- Trade debts +€28,168
up €28,168 (+24.6%), from €114,515 to €142,683
- Gross operating margin -€16,799
down €16,799 (-9.2%), from €182,651 to €165,852
- Purchases and services +€16,799
up €16,799 (+209%), from €8,042 to €24,841
- Other operating charges +€7,075
up €7,075 (+480%), from €1,475 to €8,550
- Financial charges -€2,187
down €2,187 (-4.2%), from €52,634 to €50,447
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 | €2,662,057 | €2,536,972 | -€125,085 | -4.7% |
| Fixed assets | 21/28 | €2,653,100 | €2,500,939 | -€152,161 | -5.7% |
| Tangible fixed assets | 22/27 | €2,653,100 | €2,500,939 | -€152,161 | -5.7% |
| Land and buildings | 22 | €19,763 | €16,200 | -€3,563 | -18.0% |
| Other tangible fixed assets | 26 | €2,633,337 | €2,484,739 | -€148,598 | -5.6% |
| Current assets | 29/58 | €8,957 | €36,033 | +€27,076 | +302% |
| Amounts receivable within one year | 40/41 | €441 | €157 | -€284 | -64.4% |
| Trade receivables | 40 | €441 | €157 | -€284 | -64.4% |
| Cash at bank and in hand | 54/58 | €8,516 | €35,876 | +€27,360 | +321% |
| Total equity and liabilities | 10/49 | €2,662,057 | €2,536,972 | -€125,085 | -4.7% |
| Equity | 10/15 | €209,218 | €163,912 | -€45,306 | -21.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €206,718 | €161,412 | -€45,306 | -21.9% |
| Amounts payable | 17/49 | €2,452,839 | €2,373,060 | -€79,779 | -3.3% |
| Amounts payable after more than one year | 17 | €174,717 | - | -€174,717 | |
| Financial debts | 170/4 | €174,717 | - | -€174,717 | |
| Amounts payable within one year | 42/48 | €2,278,122 | €2,373,060 | +€94,938 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €310,050 | €174,717 | -€135,333 | -43.6% |
| Trade debts | 44 | €114,515 | €142,683 | +€28,168 | +24.6% |
| Suppliers | 440/4 | €114,515 | €142,683 | +€28,168 | +24.6% |
| Taxes, remuneration and social security | 45 | €10,937 | €12,110 | +€1,173 | +10.7% |
| Taxes | 450/3 | €10,937 | €12,110 | +€1,173 | +10.7% |
| Other amounts payable | 47/48 | €1,842,620 | €2,043,550 | +€200,930 | +10.9% |
| Turnover | 70 | €190,693 | €190,693 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €8,042 | €24,841 | +€16,799 | +209% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,162 | €152,161 | -€1 | 0.0% |
| Other operating charges | 640/8 | €1,475 | €8,550 | +€7,075 | +480% |
| Gross operating margin | 9900 | €182,651 | €165,852 | -€16,799 | -9.2% |
| Operating profit (loss) | 9901 | €29,014 | €5,141 | -€23,873 | -82.3% |
| Financial charges | 65/66B | €52,634 | €50,447 | -€2,187 | -4.2% |
| Recurring financial charges | 65 | €52,634 | €50,447 | -€2,187 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€23,620 | -€45,306 | -€21,686 | -91.8% |
| Profit (loss) for the period | 9904 | -€23,620 | -€45,306 | -€21,686 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,620 | -€45,306 | -€21,686 | -91.8% |
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 22 October 2026 via checked.be.