Go4Smart: 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.
Go4Smart
Largest movements
- Tangible fixed assets -€22,851
down €22,851 (-17.1%), from €133,644 to €110,793
of which Furniture and vehicles: -€16,704
- Cash +€19,612
up €19,612 (+26.7%), from €73,436 to €93,048
mainly Depreciation (+€28,963) and Net result for the year (+€28,845)
- Receivables within one year -€8,678
down €8,678 (-24.8%), from €35,008 to €26,330
of which Trade receivables: -€14,982
- Reserves +€28,845
up €28,845 (+24.6%), from €117,421 to €146,267
- Debts after one year -€19,019
down €19,019 (-33.3%), from €57,138 to €38,119
- Trade debts -€12,713
down €12,713 (-57.5%), from €22,128 to €9,415
- Tax, wage and social debts -€7,543
no longer reported in 2025 (was €7,543)
- Depreciation +€16,263
up €16,263 (+128%), from €12,700 to €28,963
- Gross operating margin +€15,224
up €15,224 (+22.4%), from €67,870 to €83,095
- Taxes +€1,485
up €1,485 (+13.7%), from €10,810 to €12,294
- Other operating charges -€1,206
down €1,206 (-10.3%), from €11,689 to €10,482
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 | €242,673 | €231,421 | -€11,252 | -4.6% |
| Fixed assets | 21/28 | €133,644 | €110,793 | -€22,851 | -17.1% |
| Tangible fixed assets | 22/27 | €133,644 | €110,793 | -€22,851 | -17.1% |
| Land and buildings | 22 | €2,996 | €1,498 | -€1,498 | -50.0% |
| Plant, machinery and equipment | 23 | €10,397 | €8,726 | -€1,671 | -16.1% |
| Furniture and vehicles | 24 | €102,651 | €85,947 | -€16,704 | -16.3% |
| Other tangible fixed assets | 26 | €17,600 | €14,622 | -€2,978 | -16.9% |
| Current assets | 29/58 | €109,029 | €120,627 | +€11,598 | +10.6% |
| Amounts receivable within one year | 40/41 | €35,008 | €26,330 | -€8,678 | -24.8% |
| Trade receivables | 40 | €30,773 | €15,790 | -€14,982 | -48.7% |
| Other amounts receivable | 41 | €4,235 | €10,539 | +€6,304 | +149% |
| Cash at bank and in hand | 54/58 | €73,436 | €93,048 | +€19,612 | +26.7% |
| Deferred charges and accrued income | 490/1 | €585 | €1,250 | +€664 | +114% |
| Total equity and liabilities | 10/49 | €242,673 | €231,421 | -€11,252 | -4.6% |
| Equity | 10/15 | €136,021 | €164,867 | +€28,845 | +21.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €117,421 | €146,267 | +€28,845 | +24.6% |
| Distributable reserves | 133 | €117,421 | €146,267 | +€28,845 | +24.6% |
| Amounts payable | 17/49 | €106,652 | €66,554 | -€40,098 | -37.6% |
| Amounts payable after more than one year | 17 | €57,138 | €38,119 | -€19,019 | -33.3% |
| Financial debts | 170/4 | €57,138 | €38,119 | -€19,019 | -33.3% |
| Amounts payable within one year | 42/48 | €49,513 | €28,435 | -€21,079 | -42.6% |
| Current portion of amounts payable after more than one year | 42 | €18,369 | €19,019 | +€651 | +3.5% |
| Trade debts | 44 | €22,128 | €9,415 | -€12,713 | -57.5% |
| Suppliers | 440/4 | €22,128 | €9,415 | -€12,713 | -57.5% |
| Taxes, remuneration and social security | 45 | €7,543 | - | -€7,543 | |
| Taxes | 450/3 | €7,543 | - | -€7,543 | |
| Other amounts payable | 47/48 | €1,473 | - | -€1,473 | |
| Remuneration, social security and pensions | 62 | - | €87 | +€87 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,700 | €28,963 | +€16,263 | +128% |
| Other operating charges | 640/8 | €11,689 | €10,482 | -€1,206 | -10.3% |
| Gross operating margin | 9900 | €67,870 | €83,095 | +€15,224 | +22.4% |
| Operating profit (loss) | 9901 | €43,481 | €43,562 | +€81 | +0.2% |
| Financial income | 75/76B | €246 | €330 | +€85 | +34.4% |
| Recurring financial income | 75 | €246 | €330 | +€85 | +34.4% |
| Financial charges | 65/66B | €2,905 | €2,753 | -€152 | -5.2% |
| Recurring financial charges | 65 | €2,905 | €2,753 | -€152 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €40,822 | €41,139 | +€318 | +0.8% |
| Income taxes | 67/77 | €10,810 | €12,294 | +€1,485 | +13.7% |
| Profit (loss) for the period | 9904 | €30,012 | €28,845 | -€1,167 | -3.9% |
| Transfer from tax-exempt reserves | 789 | €11,580 | - | -€11,580 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,592 | €28,845 | -€12,747 | -30.6% |
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.