SMARTIFY: 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.
SMARTIFY
Largest movements
- Financial fixed assets -€362,500
down €362,500 (-100%), from €362,500 to €0
- Cash +€131,683
up €131,683 (+20.4%), from €644,368 to €776,051
mainly Investment in fixed assets (net) (+€346,071) and Net result for the year (+€111,111)
- Other debts -€212,952
down €212,952 (-84.2%), from €252,784 to €39,832
- Accrued charges and deferred income +€74,014
up €74,014 (+2,278%), from €3,249 to €77,263
- Trade debts -€59,629
down €59,629 (-48.2%), from €123,607 to €63,978
- Reserves -€37,739
down €37,739 (-5.0%), from €748,630 to €710,892
of which Distributable reserves: -€37,396
- Tax, wage and social debts +€24,040
up €24,040 (+11.3%), from €212,820 to €236,860
of which Taxes: +€24,623
- Gross operating margin -€336,659
down €336,659 (-37.1%), from €908,395 to €571,736
- Taxes -€83,334
down €83,334 (-65.5%), from €127,224 to €43,890
- Staff costs -€47,570
down €47,570 (-10.7%), from €444,839 to €397,269
- Depreciation +€16,429
up €16,429, from €0 to €16,429
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 | €1,384,172 | €1,170,250 | -€213,922 | -15.5% |
| Fixed assets | 21/28 | €362,500 | €0 | -€362,500 | -100% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €362,500 | €0 | -€362,500 | -100% |
| Current assets | 29/58 | €1,021,672 | €1,170,250 | +€148,578 | +14.5% |
| Stocks and contracts in progress | 3 | €14,103 | €17,022 | +€2,918 | +20.7% |
| Stocks | 30/36 | €14,103 | €17,022 | +€2,918 | +20.7% |
| Amounts receivable within one year | 40/41 | €362,195 | €375,508 | +€13,313 | +3.7% |
| Trade receivables | 40 | €301,471 | €257,891 | -€43,580 | -14.5% |
| Other amounts receivable | 41 | €60,724 | €117,616 | +€56,893 | +93.7% |
| Cash at bank and in hand | 54/58 | €644,368 | €776,051 | +€131,683 | +20.4% |
| Deferred charges and accrued income | 490/1 | €1,006 | €1,670 | +€664 | +66.0% |
| Total equity and liabilities | 10/49 | €1,384,172 | €1,170,250 | -€213,922 | -15.5% |
| Equity | 10/15 | €785,719 | €752,316 | -€33,403 | -4.3% |
| Contributions | 10/11 | €18,600 | €15,252 | -€3,348 | -18.0% |
| Reserves | 13 | €748,630 | €710,892 | -€37,739 | -5.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,518 | -€343 | -18.4% |
| Reserves not available under the articles | 1311 | €1,860 | €1,518 | -€343 | -18.4% |
| Distributable reserves | 133 | €746,770 | €709,374 | -€37,396 | -5.0% |
| Profit (loss) carried forward | 14 | €18,489 | €26,173 | +€7,683 | +41.6% |
| Amounts payable | 17/49 | €598,453 | €417,933 | -€180,519 | -30.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €595,204 | €340,670 | -€254,533 | -42.8% |
| Current portion of amounts payable after more than one year | 42 | €5,992 | €0 | -€5,992 | -100% |
| Trade debts | 44 | €123,607 | €63,978 | -€59,629 | -48.2% |
| Suppliers | 440/4 | €123,607 | €63,978 | -€59,629 | -48.2% |
| Taxes, remuneration and social security | 45 | €212,820 | €236,860 | +€24,040 | +11.3% |
| Taxes | 450/3 | €166,460 | €191,082 | +€24,623 | +14.8% |
| Remuneration and social security | 454/9 | €46,361 | €45,778 | -€583 | -1.3% |
| Other amounts payable | 47/48 | €252,784 | €39,832 | -€212,952 | -84.2% |
| Accrued charges and deferred income | 492/3 | €3,249 | €77,263 | +€74,014 | +2,278% |
| Non-recurring operating income | 76A | €5,129 | €0 | -€5,129 | -100% |
| Remuneration, social security and pensions | 62 | €444,839 | €397,269 | -€47,570 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €16,429 | +€16,429 | |
| Other operating charges | 640/8 | €3,303 | €3,398 | +€96 | +2.9% |
| Non-recurring operating charges | 66A | €35 | €216 | +€181 | +518% |
| Gross operating margin | 9900 | €908,395 | €571,736 | -€336,659 | -37.1% |
| Operating profit (loss) | 9901 | €460,218 | €154,424 | -€305,795 | -66.4% |
| Financial income | 75/76B | €1,897 | €1,889 | -€8 | -0.4% |
| Recurring financial income | 75 | €1,897 | €1,889 | -€8 | -0.4% |
| Financial charges | 65/66B | €5,811 | €1,312 | -€4,499 | -77.4% |
| Recurring financial charges | 65 | €5,811 | €1,312 | -€4,499 | -77.4% |
| Profit (loss) for the period before taxes | 9903 | €456,304 | €155,000 | -€301,304 | -66.0% |
| Income taxes | 67/77 | €127,224 | €43,890 | -€83,334 | -65.5% |
| Profit (loss) for the period | 9904 | €329,080 | €111,111 | -€217,970 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €329,080 | €111,111 | -€217,970 | -66.2% |
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 27 October 2026 via checked.be.