Smarttime: 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.
Smarttime
Largest movements
- Receivables within one year -€137,357
down €137,357 (-35.8%), from €383,569 to €246,213
of which Trade receivables: -€137,386
- Profit (loss) carried forward -€283,825
down €283,825 (-50.0%), from -€567,853 to -€851,678
- Other debts +€209,951
up €209,951 (+37.2%), from €564,212 to €774,163
- Trade debts -€53,465
down €53,465 (-30.7%), from €174,204 to €120,739
- Tax, wage and social debts -€11,766
down €11,766 (-5.7%), from €205,099 to €193,333
of which Remuneration and social security: -€24,215
- Gross operating margin -€927,673
down €927,673 (-50.1%), from €1.9m to €923,215
- Purchases and services -€121,183
down €121,183 (-16.0%), from €758,033 to €636,850
- Staff costs +€83,676
up €83,676 (+8.1%), from €1.0m to €1.1m
- Financial charges -€32,811
down €32,811 (-35.1%), from €93,425 to €60,613
- Turnover -€19,865
down €19,865 (-1.3%), from €1.5m to €1.5m
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.
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 | €437,662 | €300,851 | -€136,810 | -31.3% |
| Fixed assets | 21/28 | €27,608 | €26,864 | -€745 | -2.7% |
| Intangible fixed assets | 21 | €364 | - | -€364 | |
| Tangible fixed assets | 22/27 | €27,245 | €26,864 | -€381 | -1.4% |
| Plant, machinery and equipment | 23 | €25,813 | €26,194 | +€382 | +1.5% |
| Other tangible fixed assets | 26 | €1,432 | €669 | -€763 | -53.3% |
| Current assets | 29/58 | €410,054 | €273,988 | -€136,066 | -33.2% |
| Amounts receivable within one year | 40/41 | €383,569 | €246,213 | -€137,357 | -35.8% |
| Trade receivables | 40 | €383,460 | €246,074 | -€137,386 | -35.8% |
| Other amounts receivable | 41 | €110 | €139 | +€29 | +26.7% |
| Cash at bank and in hand | 54/58 | €11,626 | €11,848 | +€222 | +1.9% |
| Deferred charges and accrued income | 490/1 | €14,858 | €15,927 | +€1,068 | +7.2% |
| Total equity and liabilities | 10/49 | €437,662 | €300,851 | -€136,810 | -31.3% |
| Equity | 10/15 | -€505,853 | -€789,678 | -€283,825 | -56.1% |
| 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 | -€567,853 | -€851,678 | -€283,825 | -50.0% |
| Provisions and deferred taxes | 16 | - | €2,294 | +€2,294 | |
| Provisions for liabilities and charges | 160/5 | - | €2,294 | +€2,294 | |
| Pensions and similar obligations | 160 | - | €2,294 | +€2,294 | |
| Amounts payable | 17/49 | €943,515 | €1,088,235 | +€144,720 | +15.3% |
| Amounts payable within one year | 42/48 | €943,515 | €1,088,235 | +€144,720 | +15.3% |
| Trade debts | 44 | €174,204 | €120,739 | -€53,465 | -30.7% |
| Suppliers | 440/4 | €174,204 | €120,739 | -€53,465 | -30.7% |
| Taxes, remuneration and social security | 45 | €205,099 | €193,333 | -€11,766 | -5.7% |
| Taxes | 450/3 | €55,882 | €68,330 | +€12,449 | +22.3% |
| Remuneration and social security | 454/9 | €149,217 | €125,003 | -€24,215 | -16.2% |
| Other amounts payable | 47/48 | €564,212 | €774,163 | +€209,951 | +37.2% |
| Turnover | 70 | €1,539,443 | €1,519,577 | -€19,865 | -1.3% |
| Non-recurring operating income | 76A | €1,000,000 | - | -€1.0m | |
| Goods, raw materials, services and sundry goods | 60/61 | €758,033 | €636,850 | -€121,183 | -16.0% |
| Remuneration, social security and pensions | 62 | €1,033,793 | €1,117,469 | +€83,676 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,347 | €14,827 | -€2,520 | -14.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,294 | +€2,294 | |
| Other operating charges | 640/8 | €6,551 | €6,688 | +€137 | +2.1% |
| Non-recurring operating charges | 66A | - | €1,136 | +€1,136 | |
| Gross operating margin | 9900 | €1,850,888 | €923,215 | -€927,673 | -50.1% |
| Operating profit (loss) | 9901 | €793,196 | -€219,200 | -€1.0m | |
| Financial income | 75/76B | €8 | €0 | -€8 | -99.8% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -99.8% |
| Financial charges | 65/66B | €93,425 | €60,613 | -€32,811 | -35.1% |
| Recurring financial charges | 65 | €93,425 | €60,613 | -€32,811 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €699,780 | -€279,813 | -€979,593 | |
| Income taxes | 67/77 | €3,825 | €4,012 | +€187 | +4.9% |
| Profit (loss) for the period | 9904 | €695,955 | -€283,825 | -€979,780 | |
| Profit (loss) for the period to be appropriated | 9905 | €695,955 | -€283,825 | -€979,780 |
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 30 September 2026 via checked.be.