B-Smart Estate: 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.
B-Smart Estate
Largest movements
- Receivables within one year -€35,151
down €35,151 (-27.7%), from €126,814 to €91,663
of which Trade receivables: -€35,222
- Other debts -€34,176
down €34,176 (-95.6%), from €35,739 to €1,563
- Gross operating margin -€8,911
down €8,911 (-20.1%), from €44,371 to €35,460
- Staff costs -€7,952
down €7,952 (-19.6%), from €40,575 to €32,622
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 | €386,147 | €352,124 | -€34,023 | -8.8% |
| Fixed assets | 21/28 | €257,865 | €257,865 | = | 0.0% |
| Financial fixed assets | 28 | €257,865 | €257,865 | = | 0.0% |
| Current assets | 29/58 | €128,283 | €94,260 | -€34,023 | -26.5% |
| Amounts receivable within one year | 40/41 | €126,814 | €91,663 | -€35,151 | -27.7% |
| Trade receivables | 40 | €123,405 | €88,183 | -€35,222 | -28.5% |
| Other amounts receivable | 41 | €3,409 | €3,480 | +€71 | +2.1% |
| Cash at bank and in hand | 54/58 | €1,057 | €2,597 | +€1,540 | +146% |
| Deferred charges and accrued income | 490/1 | €412 | - | -€412 | |
| Total equity and liabilities | 10/49 | €386,147 | €352,124 | -€34,023 | -8.8% |
| Equity | 10/15 | €17,605 | €18,084 | +€479 | +2.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,895 | -€43,416 | +€479 | +1.1% |
| Amounts payable | 17/49 | €368,542 | €334,040 | -€34,502 | -9.4% |
| Amounts payable after more than one year | 17 | €321,551 | €323,447 | +€1,896 | +0.6% |
| Financial debts | 170/4 | €321,551 | €323,447 | +€1,896 | +0.6% |
| Amounts payable within one year | 42/48 | €46,991 | €10,593 | -€36,398 | -77.5% |
| Trade debts | 44 | €1,272 | €1,354 | +€82 | +6.5% |
| Suppliers | 440/4 | €1,272 | €1,354 | +€82 | +6.5% |
| Taxes, remuneration and social security | 45 | €9,980 | €7,676 | -€2,304 | -23.1% |
| Taxes | 450/3 | - | €1,564 | +€1,564 | |
| Remuneration and social security | 454/9 | €9,980 | €6,112 | -€3,868 | -38.8% |
| Other amounts payable | 47/48 | €35,739 | €1,563 | -€34,176 | -95.6% |
| Remuneration, social security and pensions | 62 | €40,575 | €32,622 | -€7,952 | -19.6% |
| Other operating charges | 640/8 | €821 | €400 | -€421 | -51.3% |
| Gross operating margin | 9900 | €44,371 | €35,460 | -€8,911 | -20.1% |
| Operating profit (loss) | 9901 | €2,975 | €2,438 | -€537 | -18.1% |
| Financial income | 75/76B | €0 | €63 | +€63 | +30,124% |
| Recurring financial income | 75 | €0 | €63 | +€63 | +30,124% |
| Financial charges | 65/66B | €2,114 | €2,023 | -€91 | -4.3% |
| Recurring financial charges | 65 | €2,114 | €2,023 | -€91 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €862 | €479 | -€383 | -44.4% |
| Profit (loss) for the period | 9904 | €862 | €479 | -€383 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €862 | €479 | -€383 | -44.4% |
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 24 October 2026 via checked.be.