BIZSMART: what changed
BIZSMART
Largest movements
- Cash +€116,422
up €116,422 (+238%), from €48,902 to €165,324
mainly Net result for the year (+€115,373) and Depreciation (+€59,323)
- Current investments -€39,897
down €39,897 (-63.6%), from €62,738 to €22,841
- Receivables within one year +€29,737
up €29,737 (+25.6%), from €116,009 to €145,746
of which Trade receivables: +€23,602
- Tangible fixed assets -€28,319
down €28,319 (-5.3%), from €532,298 to €503,979
of which Land and buildings: -€35,325
- Reserves +€115,372
up €115,372 (+67.7%), from €170,291 to €285,663
of which Distributable reserves: +€115,372
- Debts after one year -€55,412
down €55,412 (-16.2%), from €341,091 to €285,679
- Accrued charges and deferred income +€30,361
up €30,361 (+1,047%), from €2,899 to €33,261
- Other debts -€19,631
down €19,631 (-43.4%), from €45,229 to €25,598
- Tax, wage and social debts +€19,073
up €19,073 (+26.3%), from €72,458 to €91,530
of which Taxes: +€23,717
- Gross operating margin +€76,783
up €76,783 (+26.5%), from €289,643 to €366,426
- Taxes +€32,791
up €32,791 (+101%), from €32,314 to €65,105
- Staff costs -€25,533
down €25,533 (-20.8%), from €122,881 to €97,348
- Write-downs +€11,503
new in 2025: €11,503
- Depreciation +€5,692
up €5,692 (+10.6%), from €53,631 to €59,323
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 | €770,857 | €850,159 | +€79,302 | +10.3% |
| Fixed assets | 21/28 | €532,298 | €503,979 | -€28,319 | -5.3% |
| Tangible fixed assets | 22/27 | €532,298 | €503,979 | -€28,319 | -5.3% |
| Land and buildings | 22 | €487,942 | €452,617 | -€35,325 | -7.2% |
| Plant, machinery and equipment | 23 | €6,954 | €3,744 | -€3,210 | -46.2% |
| Furniture and vehicles | 24 | €37,401 | €47,618 | +€10,216 | +27.3% |
| Current assets | 29/58 | €238,559 | €346,180 | +€107,621 | +45.1% |
| Amounts receivable within one year | 40/41 | €116,009 | €145,746 | +€29,737 | +25.6% |
| Trade receivables | 40 | €67,304 | €90,906 | +€23,602 | +35.1% |
| Other amounts receivable | 41 | €48,705 | €54,840 | +€6,135 | +12.6% |
| Current investments | 50/53 | €62,738 | €22,841 | -€39,897 | -63.6% |
| Cash at bank and in hand | 54/58 | €48,902 | €165,324 | +€116,422 | +238% |
| Deferred charges and accrued income | 490/1 | €10,910 | €12,269 | +€1,359 | +12.5% |
| Total equity and liabilities | 10/49 | €770,857 | €850,159 | +€79,302 | +10.3% |
| Equity | 10/15 | €214,607 | €322,980 | +€108,373 | +50.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €170,291 | €285,663 | +€115,372 | +67.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €168,291 | €283,663 | +€115,372 | +68.6% |
| Profit (loss) carried forward | 14 | €24,316 | €17,317 | -€6,999 | -28.8% |
| Amounts payable | 17/49 | €556,250 | €527,179 | -€29,072 | -5.2% |
| Amounts payable after more than one year | 17 | €341,091 | €285,679 | -€55,412 | -16.2% |
| Financial debts | 170/4 | €341,091 | €285,679 | -€55,412 | -16.2% |
| Amounts payable within one year | 42/48 | €212,260 | €208,239 | -€4,021 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €82,255 | €71,719 | -€10,536 | -12.8% |
| Financial debts | 43 | €499 | €989 | +€489 | +98.0% |
| Credit institutions | 430/8 | €499 | €989 | +€489 | +98.0% |
| Trade debts | 44 | €11,819 | €18,403 | +€6,585 | +55.7% |
| Suppliers | 440/4 | €11,819 | €18,403 | +€6,585 | +55.7% |
| Taxes, remuneration and social security | 45 | €72,458 | €91,530 | +€19,073 | +26.3% |
| Taxes | 450/3 | €42,697 | €66,414 | +€23,717 | +55.5% |
| Remuneration and social security | 454/9 | €29,761 | €25,117 | -€4,644 | -15.6% |
| Other amounts payable | 47/48 | €45,229 | €25,598 | -€19,631 | -43.4% |
| Accrued charges and deferred income | 492/3 | €2,899 | €33,261 | +€30,361 | +1,047% |
| Remuneration, social security and pensions | 62 | €122,881 | €97,348 | -€25,533 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,631 | €59,323 | +€5,692 | +10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,503 | +€11,503 | |
| Other operating charges | 640/8 | €8,965 | €9,181 | +€216 | +2.4% |
| Gross operating margin | 9900 | €289,643 | €366,426 | +€76,783 | +26.5% |
| Operating profit (loss) | 9901 | €104,166 | €189,071 | +€84,905 | +81.5% |
| Financial income | 75/76B | €636 | €419 | -€217 | -34.2% |
| Recurring financial income | 75 | €636 | €419 | -€217 | -34.2% |
| Financial charges | 65/66B | €11,196 | €9,011 | -€2,185 | -19.5% |
| Recurring financial charges | 65 | €11,196 | €9,011 | -€2,185 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €93,606 | €180,478 | +€86,873 | +92.8% |
| Income taxes | 67/77 | €32,314 | €65,105 | +€32,791 | +101% |
| Profit (loss) for the period | 9904 | €61,292 | €115,373 | +€54,082 | +88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,292 | €115,373 | +€54,082 | +88.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.