SmartSynergy: what changed
Two fiscal 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.
SmartSynergy
Largest movements
- Receivables within one year +€63,922
up €63,922 (+99.9%), from €63,977 to €127,899
of which Trade receivables: +€60,339
- Cash +€60,252
up €60,252 (+114.3%), from €52,713 to €112,965
mainly Net result for the year (+€115,341) and Tax, wage and social debts (+€38,410)
- Stocks and contracts +€11,902
up €11,902 (+63.9%), from €18,634 to €30,536
- Tangible fixed assets -€5,034
down €5,034 (-12.9%), from €38,997 to €33,964
of which Furniture and vehicles: -€4,560
- Profit (loss) carried forward +€115,341
up €115,341 (+130.8%), from €88,188 to €203,529
- Tax, wage and social debts +€38,410
up €38,410 (+98.4%), from €39,018 to €77,428
of which Taxes: +€34,622
- Trade debts -€21,709
down €21,709 (-43.5%), from €49,870 to €28,160
- Gross operating margin +€94,495
up €94,495 (+62.5%), from €151,150 to €245,645
- Staff costs +€51,104
up €51,104 (+190.0%), from €26,895 to €77,999
- Taxes +€9,595
up €9,595 (+31.6%), from €30,398 to €39,993
- Depreciation +€5,477
up €5,477 (+111.3%), from €4,921 to €10,398
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 | €184,325 | €314,415 | +€130,090 | +70.6% |
| Fixed assets | 21/28 | €47,845 | €41,879 | -€5,966 | -12.5% |
| Intangible fixed assets | 21 | €8,847 | €7,915 | -€932 | -10.5% |
| Tangible fixed assets | 22/27 | €38,997 | €33,964 | -€5,034 | -12.9% |
| Plant, machinery and equipment | 23 | €2,268 | €1,794 | -€474 | -20.9% |
| Furniture and vehicles | 24 | €36,729 | €32,170 | -€4,560 | -12.4% |
| Current assets | 29/58 | €136,480 | €272,536 | +€136,056 | +99.7% |
| Stocks and contracts in progress | 3 | €18,634 | €30,536 | +€11,902 | +63.9% |
| Stocks | 30/36 | €18,634 | €30,536 | +€11,902 | +63.9% |
| Amounts receivable within one year | 40/41 | €63,977 | €127,899 | +€63,922 | +99.9% |
| Trade receivables | 40 | €50,083 | €110,422 | +€60,339 | +120.5% |
| Other amounts receivable | 41 | €13,893 | €17,476 | +€3,583 | +25.8% |
| Cash at bank and in hand | 54/58 | €52,713 | €112,965 | +€60,252 | +114.3% |
| Deferred charges and accrued income | 490/1 | €1,157 | €1,137 | -€20 | -1.7% |
| Total equity and liabilities | 10/49 | €184,325 | €314,415 | +€130,090 | +70.6% |
| Equity | 10/15 | €93,188 | €208,529 | +€115,341 | +123.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,188 | €203,529 | +€115,341 | +130.8% |
| Amounts payable | 17/49 | €91,137 | €105,886 | +€14,749 | +16.2% |
| Amounts payable within one year | 42/48 | €91,137 | €105,886 | +€14,749 | +16.2% |
| Trade debts | 44 | €49,870 | €28,160 | -€21,709 | -43.5% |
| Suppliers | 440/4 | €49,870 | €28,160 | -€21,709 | -43.5% |
| Taxes, remuneration and social security | 45 | €39,018 | €77,428 | +€38,410 | +98.4% |
| Taxes | 450/3 | €35,769 | €70,391 | +€34,622 | +96.8% |
| Remuneration and social security | 454/9 | €3,249 | €7,037 | +€3,788 | +116.6% |
| Other amounts payable | 47/48 | €2,249 | €298 | -€1,951 | -86.7% |
| Remuneration, social security and pensions | 62 | €26,895 | €77,999 | +€51,104 | +190.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,921 | €10,398 | +€5,477 | +111.3% |
| Other operating charges | 640/8 | €418 | €606 | +€188 | +45.1% |
| Gross operating margin | 9900 | €151,150 | €245,645 | +€94,495 | +62.5% |
| Operating profit (loss) | 9901 | €118,916 | €156,642 | +€37,725 | +31.7% |
| Financial income | 75/76B | €24 | €490 | +€466 | +1950.7% |
| Recurring financial income | 75 | €24 | €490 | +€466 | +1950.7% |
| Financial charges | 65/66B | €355 | €1,798 | +€1,443 | +407.0% |
| Recurring financial charges | 65 | €355 | €1,798 | +€1,443 | +407.0% |
| Profit (loss) for the period before taxes | 9903 | €118,586 | €155,334 | +€36,748 | +31.0% |
| Income taxes | 67/77 | €30,398 | €39,993 | +€9,595 | +31.6% |
| Profit (loss) for the period | 9904 | €88,188 | €115,341 | +€27,153 | +30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €88,188 | €115,341 | +€27,153 | +30.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.