SmartSys: 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.
What changed
SmartSys
NACE 62.200, Computer consultancy and computer facilities management
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€94,517
2024 · €147,388-€52,871
Equity
€853,210
2024 · €758,693+€94,517
Cash
€32,504
2024 · €26,865+€5,639
Balance sheet total
€2.3m
2024 · €2.0m+€274,520
Largest movements
Assets
- Receivables within one year +€171,885
up €171,885 (+9.4%), from €1.8m to €2.0m
of which Trade receivables: +€124,221
- Deferred charges and accrued income +€107,497
up €107,497 (+104.8%), from €102,541 to €210,038
Equity and liabilities
- Trade debts +€133,829
up €133,829 (+17.2%), from €779,597 to €913,426
- Reserves +€95,000
up €95,000 (+13.6%), from €696,200 to €791,200
of which Distributable reserves: +€95,000
- Tax, wage and social debts +€55,055
up €55,055 (+12.9%), from €425,956 to €481,011
of which Taxes: +€29,519
Income statement
- Turnover +€424,160
up €424,160 (+5.7%), from €7.4m to €7.9m
- Staff costs +€242,685
up €242,685 (+8.1%), from €3.0m to €3.2m
- Purchases and services +€201,505
up €201,505 (+4.8%), from €4.2m to €4.4m
- Gross operating margin +€190,303
up €190,303 (+5.7%), from €3.3m to €3.5m
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.
Result 2024
€147,388
Gross operating margin
+€190,303
Staff costs
-€242,685
Depreciation
-€3,509
Write-downs
-€8,485
Other operating charges
+€2,487
Other operating items
+€9
Financial income
+€2,070
Financial charges
-€12,547
Taxes
+€19,487
Result 2025
€94,517
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.
From operations
+€24,575
Investment
-€18,936
Financing
€0
Cash 2024
€26,865
From operations (derived)
+€24,575
Net result for the year
+€94,517
Depreciation
+€33,649
Receivables after one year
+€3,858
Stocks and contracts
-€8,070
Receivables within one year
-€171,885
Deferred charges and accrued income
-€107,497
Provisions
+€2,849
Trade debts
+€133,829
Tax, wage and social debts
+€55,055
Accrued charges and deferred income
-€11,730
Investment (derived)
-€18,936
Investment in fixed assets (net)
-€18,936
Cash 2025
€32,504
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,025,287 | €2,299,807 | +€274,520 | +13.6% |
| Fixed assets | 21/28 | €57,251 | €42,538 | -€14,713 | -25.7% |
| Tangible fixed assets | 22/27 | €49,266 | €40,538 | -€8,728 | -17.7% |
| Plant, machinery and equipment | 23 | €28,048 | €25,788 | -€2,261 | -8.1% |
| Furniture and vehicles | 24 | €16,542 | €9,498 | -€7,045 | -42.6% |
| Other tangible fixed assets | 26 | €4,675 | €5,253 | +€578 | +12.4% |
| Financial fixed assets | 28 | €7,985 | €2,000 | -€5,985 | -75.0% |
| Current assets | 29/58 | €1,968,036 | €2,257,269 | +€289,233 | +14.7% |
| Amounts receivable after more than one year | 29 | €6,853 | €2,995 | -€3,858 | -56.3% |
| Other amounts receivable | 291 | €6,853 | €2,995 | -€3,858 | -56.3% |
| Stocks and contracts in progress | 3 | - | €8,070 | +€8,070 | |
| Stocks | 30/36 | - | €8,070 | +€8,070 | |
| Amounts receivable within one year | 40/41 | €1,831,777 | €2,003,662 | +€171,885 | +9.4% |
| Trade receivables | 40 | €1,260,778 | €1,384,999 | +€124,221 | +9.9% |
| Other amounts receivable | 41 | €570,999 | €618,663 | +€47,664 | +8.3% |
| Cash at bank and in hand | 54/58 | €26,865 | €32,504 | +€5,639 | +21.0% |
| Deferred charges and accrued income | 490/1 | €102,541 | €210,038 | +€107,497 | +104.8% |
| Total equity and liabilities | 10/49 | €2,025,287 | €2,299,807 | +€274,520 | +13.6% |
| Equity | 10/15 | €758,693 | €853,210 | +€94,517 | +12.5% |
| 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% |
| Reserves | 13 | €696,200 | €791,200 | +€95,000 | +13.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €690,000 | €785,000 | +€95,000 | +13.8% |
| Profit (loss) carried forward | 14 | €493 | €10 | -€483 | -98.0% |
| Provisions and deferred taxes | 16 | €353 | €3,203 | +€2,849 | +806.8% |
| Provisions for liabilities and charges | 160/5 | €353 | €3,203 | +€2,849 | +806.8% |
| Pensions and similar obligations | 160 | €353 | €3,203 | +€2,849 | +806.8% |
| Amounts payable | 17/49 | €1,266,240 | €1,443,394 | +€177,154 | +14.0% |
| Amounts payable within one year | 42/48 | €1,205,553 | €1,394,437 | +€188,884 | +15.7% |
| Trade debts | 44 | €779,597 | €913,426 | +€133,829 | +17.2% |
| Suppliers | 440/4 | €779,597 | €913,426 | +€133,829 | +17.2% |
| Taxes, remuneration and social security | 45 | €425,956 | €481,011 | +€55,055 | +12.9% |
| Taxes | 450/3 | €65,528 | €95,047 | +€29,519 | +45.0% |
| Remuneration and social security | 454/9 | €360,428 | €385,964 | +€25,536 | +7.1% |
| Accrued charges and deferred income | 492/3 | €60,688 | €48,958 | -€11,730 | -19.3% |
| Turnover | 70 | €7,436,220 | €7,860,380 | +€424,160 | +5.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,212,962 | €4,414,467 | +€201,505 | +4.8% |
| Remuneration, social security and pensions | 62 | €2,981,154 | €3,223,839 | +€242,685 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,140 | €33,649 | +€3,509 | +11.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,092 | €14,578 | +€8,485 | +139.3% |
| Other operating charges | 640/8 | €19,506 | €17,019 | -€2,487 | -12.8% |
| Non-recurring operating charges | 66A | €9 | - | -€9 | |
| Gross operating margin | 9900 | €3,340,205 | €3,530,508 | +€190,303 | +5.7% |
| Operating profit (loss) | 9901 | €303,304 | €241,424 | -€61,880 | -20.4% |
| Financial income | 75/76B | €3,942 | €6,011 | +€2,070 | +52.5% |
| Recurring financial income | 75 | €3,942 | €6,011 | +€2,070 | +52.5% |
| Financial charges | 65/66B | €71,745 | €84,292 | +€12,547 | +17.5% |
| Recurring financial charges | 65 | €71,745 | €84,292 | +€12,547 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €235,501 | €163,143 | -€72,358 | -30.7% |
| Income taxes | 67/77 | €88,114 | €68,626 | -€19,487 | -22.1% |
| Profit (loss) for the period | 9904 | €147,388 | €94,517 | -€52,871 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €147,388 | €94,517 | -€52,871 | -35.9% |
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 9 October 2026 via checked.be.