BeSmart Management: 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.
BeSmart Management
Largest movements
- Receivables within one year +€45,684
up €45,684 (+1,442%), from €3,168 to €48,851
of which Other amounts receivable: +€37,533
- Receivables after one year -€9,009
down €9,009 (-10.9%), from €83,009 to €74,000
- Cash +€3,711
up €3,711 (+4.9%), from €76,335 to €80,047
mainly Net result for the year (+€65,262) and Other debts (+€25,204)
- Tangible fixed assets +€2,843
up €2,843 (+135%), from €2,098 to €4,942
- Other debts +€25,204
up €25,204 (+163%), from €15,497 to €40,701
- Tax, wage and social debts +€11,327
up €11,327 (+24.3%), from €46,659 to €57,986
- Current portion of long-term debt -€10,603
no longer reported in 2025 (was €10,603)
- Trade debts +€10,184
up €10,184 (+752%), from €1,354 to €11,538
- Reserves +€7,118
up €7,118 (+17.1%), from €41,614 to €48,732
- Gross operating margin +€10,745
up €10,745 (+11.5%), from €93,091 to €103,836
- Other operating charges +€6,134
up €6,134 (+169%), from €3,632 to €9,767
- Financial charges +€2,270
up €2,270 (+38.6%), from €5,879 to €8,149
- Taxes -€1,128
down €1,128 (-4.5%), from €25,020 to €23,892
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 | €164,610 | €207,839 | +€43,229 | +26.3% |
| Fixed assets | 21/28 | €2,098 | €4,942 | +€2,843 | +135% |
| Tangible fixed assets | 22/27 | €2,098 | €4,942 | +€2,843 | +135% |
| Furniture and vehicles | 24 | €2,098 | €4,942 | +€2,843 | +135% |
| Current assets | 29/58 | €162,512 | €202,898 | +€40,386 | +24.9% |
| Amounts receivable after more than one year | 29 | €83,009 | €74,000 | -€9,009 | -10.9% |
| Other amounts receivable | 291 | €83,009 | €74,000 | -€9,009 | -10.9% |
| Amounts receivable within one year | 40/41 | €3,168 | €48,851 | +€45,684 | +1,442% |
| Trade receivables | 40 | - | €8,151 | +€8,151 | |
| Other amounts receivable | 41 | €3,168 | €40,701 | +€37,533 | +1,185% |
| Cash at bank and in hand | 54/58 | €76,335 | €80,047 | +€3,711 | +4.9% |
| Total equity and liabilities | 10/49 | €164,610 | €207,839 | +€43,229 | +26.3% |
| Equity | 10/15 | €90,497 | €97,614 | +€7,118 | +7.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,614 | €48,732 | +€7,118 | +17.1% |
| Distributable reserves | 133 | €41,614 | €48,732 | +€7,118 | +17.1% |
| Profit (loss) carried forward | 14 | €42,682 | €42,682 | = | 0.0% |
| Amounts payable | 17/49 | €74,114 | €110,225 | +€36,112 | +48.7% |
| Amounts payable within one year | 42/48 | €74,114 | €110,225 | +€36,112 | +48.7% |
| Current portion of amounts payable after more than one year | 42 | €10,603 | - | -€10,603 | |
| Trade debts | 44 | €1,354 | €11,538 | +€10,184 | +752% |
| Suppliers | 440/4 | €1,354 | €11,538 | +€10,184 | +752% |
| Taxes, remuneration and social security | 45 | €46,659 | €57,986 | +€11,327 | +24.3% |
| Taxes | 450/3 | €46,659 | €57,986 | +€11,327 | +24.3% |
| Other amounts payable | 47/48 | €15,497 | €40,701 | +€25,204 | +163% |
| Non-recurring operating income | 76A | - | €14,630 | +€14,630 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €654 | €607 | -€47 | -7.3% |
| Other operating charges | 640/8 | €3,632 | €9,767 | +€6,134 | +169% |
| Gross operating margin | 9900 | €93,091 | €103,836 | +€10,745 | +11.5% |
| Operating profit (loss) | 9901 | €88,804 | €93,462 | +€4,658 | +5.2% |
| Financial income | 75/76B | €3,988 | €3,841 | -€147 | -3.7% |
| Recurring financial income | 75 | €3,988 | €3,841 | -€147 | -3.7% |
| Financial charges | 65/66B | €5,879 | €8,149 | +€2,270 | +38.6% |
| Recurring financial charges | 65 | €5,879 | €8,149 | +€2,270 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | €86,912 | €89,153 | +€2,241 | +2.6% |
| Income taxes | 67/77 | €25,020 | €23,892 | -€1,128 | -4.5% |
| Profit (loss) for the period | 9904 | €61,893 | €65,262 | +€3,369 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,893 | €65,262 | +€3,369 | +5.4% |
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 15 October 2026 via checked.be.