BE SMART LOGISTICS: 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.
BE SMART LOGISTICS
Largest movements
- Receivables within one year -€11,517
down €11,517 (-77.8%), from €14,803 to €3,286
of which Trade receivables: -€12,098
- Cash +€9,112
up €9,112 (+840.8%), from €1,084 to €10,196
mainly Receivables within one year (+€11,517) and Depreciation (+€8,875)
- Tangible fixed assets +€4,126
up €4,126 (+11.1%), from €37,092 to €41,217
- Debts after one year -€5,697
down €5,697 (-35.2%), from €16,198 to €10,501
- Profit (loss) carried forward +€4,954
up €4,954 (+107.9%), from €4,591 to €9,545
- Trade debts +€3,654
new in 2025: €3,654
- Tax, wage and social debts -€2,035
down €2,035 (-24.9%), from €8,177 to €6,142
- Other debts +€634
up €634 (+15.6%), from €4,072 to €4,706
- Gross operating margin +€8,122
up €8,122 (+74.6%), from €10,892 to €19,014
- Depreciation +€6,081
up €6,081 (+217.7%), from €2,793 to €8,875
- Financial charges +€728
up €728 (+60.5%), from €1,204 to €1,933
- Taxes +€615
up €615 (+35.4%), from €1,739 to €2,354
- Other operating charges +€349
up €349 (+60.6%), from €576 to €925
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 | €52,979 | €54,700 | +€1,721 | +3.2% |
| Fixed assets | 21/28 | €37,092 | €41,217 | +€4,126 | +11.1% |
| Tangible fixed assets | 22/27 | €37,092 | €41,217 | +€4,126 | +11.1% |
| Furniture and vehicles | 24 | €37,092 | €41,217 | +€4,126 | +11.1% |
| Current assets | 29/58 | €15,887 | €13,482 | -€2,405 | -15.1% |
| Amounts receivable within one year | 40/41 | €14,803 | €3,286 | -€11,517 | -77.8% |
| Trade receivables | 40 | €14,467 | €2,369 | -€12,098 | -83.6% |
| Other amounts receivable | 41 | €337 | €918 | +€581 | +172.7% |
| Cash at bank and in hand | 54/58 | €1,084 | €10,196 | +€9,112 | +840.8% |
| Total equity and liabilities | 10/49 | €52,979 | €54,700 | +€1,721 | +3.2% |
| Equity | 10/15 | €19,046 | €24,000 | +€4,954 | +26.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,454 | €9,454 | = | 0.0% |
| Distributable reserves | 133 | €9,454 | €9,454 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,591 | €9,545 | +€4,954 | +107.9% |
| Amounts payable | 17/49 | €33,933 | €30,700 | -€3,233 | -9.5% |
| Amounts payable after more than one year | 17 | €16,198 | €10,501 | -€5,697 | -35.2% |
| Financial debts | 170/4 | €16,198 | €10,501 | -€5,697 | -35.2% |
| Amounts payable within one year | 42/48 | €17,735 | €20,199 | +€2,464 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €5,487 | €5,697 | +€210 | +3.8% |
| Trade debts | 44 | - | €3,654 | +€3,654 | |
| Suppliers | 440/4 | - | €3,654 | +€3,654 | |
| Taxes, remuneration and social security | 45 | €8,177 | €6,142 | -€2,035 | -24.9% |
| Taxes | 450/3 | €8,177 | €6,142 | -€2,035 | -24.9% |
| Other amounts payable | 47/48 | €4,072 | €4,706 | +€634 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,793 | €8,875 | +€6,081 | +217.7% |
| Other operating charges | 640/8 | €576 | €925 | +€349 | +60.6% |
| Gross operating margin | 9900 | €10,892 | €19,014 | +€8,122 | +74.6% |
| Operating profit (loss) | 9901 | €7,522 | €9,214 | +€1,692 | +22.5% |
| Financial income | 75/76B | €12 | €26 | +€14 | +112.9% |
| Recurring financial income | 75 | €12 | €26 | +€14 | +112.9% |
| Financial charges | 65/66B | €1,204 | €1,933 | +€728 | +60.5% |
| Recurring financial charges | 65 | €1,204 | €1,933 | +€728 | +60.5% |
| Profit (loss) for the period before taxes | 9903 | €6,330 | €7,308 | +€978 | +15.4% |
| Income taxes | 67/77 | €1,739 | €2,354 | +€615 | +35.4% |
| Profit (loss) for the period | 9904 | €4,591 | €4,954 | +€362 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,591 | €4,954 | +€362 | +7.9% |
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 8 October 2026 via checked.be.