SMART SERVICES: what changed
SMART SERVICES
Largest movements
- Cash -€27,650
no longer reported in 2025 (was €27,650)
mainly Current investments (-€16,336) and Tax, wage and social debts (-€10,205)
- Current investments +€16,336
new in 2025: €16,336
- Tangible fixed assets -€3,218
down €3,218 (-7.0%), from €45,841 to €42,623
of which Other tangible fixed assets: -€4,824
- Intangible fixed assets -€1,222
down €1,222 (-50.0%), from €2,444 to €1,222
- Tax, wage and social debts -€10,205
down €10,205 (-70.0%), from €14,587 to €4,382
of which Remuneration and social security: -€11,589
- Profit (loss) carried forward -€7,646
down €7,646, from €4,282 to -€3,364
- Trade debts +€7,579
up €7,579 (+761%), from €996 to €8,575
- Debts after one year -€5,481
down €5,481 (-11.0%), from €50,049 to €44,568
- Turnover -€169,071
no longer reported in 2025 (was €169,071)
- Purchases and services -€160,349
no longer reported in 2025 (was €160,349)
- Gross operating margin -€4,374
down €4,374 (-50.1%), from €8,722 to €4,348
- Depreciation +€2,195
up €2,195 (+29.6%), from €7,412 to €9,607
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,114 | €60,362 | -€15,752 | -20.7% |
| Fixed assets | 21/28 | €48,445 | €44,005 | -€4,440 | -9.2% |
| Intangible fixed assets | 21 | €2,444 | €1,222 | -€1,222 | -50.0% |
| Tangible fixed assets | 22/27 | €45,841 | €42,623 | -€3,218 | -7.0% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | €2,339 | €3,826 | +€1,487 | +63.6% |
| Furniture and vehicles | 24 | €3,312 | €3,431 | +€119 | +3.6% |
| Other tangible fixed assets | 26 | €40,190 | €35,366 | -€4,824 | -12.0% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €27,669 | €16,357 | -€11,312 | -40.9% |
| Amounts receivable within one year | 40/41 | €19 | €20 | +€1 | +7.3% |
| Other amounts receivable | 41 | €19 | €20 | +€1 | +7.3% |
| Current investments | 50/53 | - | €16,336 | +€16,336 | |
| Cash at bank and in hand | 54/58 | €27,650 | - | -€27,650 | |
| Total equity and liabilities | 10/49 | €76,114 | €60,362 | -€15,752 | -20.7% |
| Equity | 10/15 | €10,482 | €2,836 | -€7,646 | -72.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | - | €6,200 | +€6,200 | |
| Issued capital | 100 | - | €6,200 | +€6,200 | |
| Profit (loss) carried forward | 14 | €4,282 | -€3,364 | -€7,646 | |
| Amounts payable | 17/49 | €65,632 | €57,526 | -€8,106 | -12.4% |
| Amounts payable after more than one year | 17 | €50,049 | €44,568 | -€5,481 | -11.0% |
| Other amounts payable | 178/9 | €50,049 | €44,568 | -€5,481 | -11.0% |
| Amounts payable within one year | 42/48 | €15,583 | €12,958 | -€2,625 | -16.8% |
| Trade debts | 44 | €996 | €8,575 | +€7,579 | +761% |
| Suppliers | 440/4 | €996 | €8,575 | +€7,579 | +761% |
| Taxes, remuneration and social security | 45 | €14,587 | €4,382 | -€10,205 | -70.0% |
| Taxes | 450/3 | €2,998 | €4,382 | +€1,384 | +46.2% |
| Remuneration and social security | 454/9 | €11,589 | - | -€11,589 | |
| Turnover | 70 | €169,071 | - | -€169,071 | |
| Goods, raw materials, services and sundry goods | 60/61 | €160,349 | - | -€160,349 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,412 | €9,607 | +€2,195 | +29.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Other operating charges | 640/8 | €1,853 | €1,365 | -€488 | -26.3% |
| Gross operating margin | 9900 | €8,722 | €4,348 | -€4,374 | -50.1% |
| Operating profit (loss) | 9901 | -€543 | -€6,624 | -€6,081 | -1,120% |
| Financial income | 75/76B | €72 | €4 | -€68 | -94.4% |
| Recurring financial income | 75 | €72 | €4 | -€68 | -94.4% |
| Financial charges | 65/66B | €1,307 | €806 | -€501 | -38.3% |
| Recurring financial charges | 65 | €1,307 | €806 | -€501 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,778 | -€7,426 | -€5,648 | -318% |
| Income taxes | 67/77 | €18 | - | -€18 | |
| Profit (loss) for the period | 9904 | -€1,796 | -€7,426 | -€5,630 | -313% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,796 | -€7,426 | -€5,630 | -313% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.