Smart Beaver Solutions: 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.
Smart Beaver Solutions
Largest movements
- Receivables within one year -€12,450
down €12,450 (-19.2%), from €64,734 to €52,284
- Tangible fixed assets +€7,380
up €7,380 (+57.7%), from €12,796 to €20,176
of which Other tangible fixed assets: +€7,698
- Other debts +€64,573
up €64,573 (+483.5%), from €13,356 to €77,929
- Profit (loss) carried forward -€39,617
down €39,617 (-59.6%), from €66,519 to €26,902
- Tax, wage and social debts -€25,255
down €25,255 (-43.9%), from €57,506 to €32,251
- Trade debts -€4,000
down €4,000 (-72.2%), from €5,543 to €1,543
- Accrued charges and deferred income -€2,071
no longer reported in 2025 (was €2,071)
- Gross operating margin -€16,326
down €16,326 (-16.5%), from €99,243 to €82,917
- Taxes -€2,729
down €2,729 (-13.6%), from €20,140 to €17,411
- Depreciation +€1,868
up €1,868 (+86.6%), from €2,158 to €4,026
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 | €169,995 | €163,625 | -€6,370 | -3.7% |
| Fixed assets | 21/28 | €12,796 | €20,176 | +€7,380 | +57.7% |
| Tangible fixed assets | 22/27 | €12,796 | €20,176 | +€7,380 | +57.7% |
| Plant, machinery and equipment | 23 | €9,127 | €7,096 | -€2,031 | -22.3% |
| Furniture and vehicles | 24 | €1,705 | €3,418 | +€1,713 | +100.5% |
| Other tangible fixed assets | 26 | €1,964 | €9,662 | +€7,698 | +392.0% |
| Current assets | 29/58 | €157,199 | €143,449 | -€13,750 | -8.7% |
| Amounts receivable within one year | 40/41 | €64,734 | €52,284 | -€12,450 | -19.2% |
| Trade receivables | 40 | €64,734 | €52,284 | -€12,450 | -19.2% |
| Cash at bank and in hand | 54/58 | €82,178 | €81,420 | -€758 | -0.9% |
| Deferred charges and accrued income | 490/1 | €10,287 | €9,745 | -€542 | -5.3% |
| Total equity and liabilities | 10/49 | €169,995 | €163,625 | -€6,370 | -3.7% |
| Equity | 10/15 | €91,519 | €51,902 | -€39,617 | -43.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,519 | €26,902 | -€39,617 | -59.6% |
| Amounts payable | 17/49 | €78,476 | €111,723 | +€33,247 | +42.4% |
| Amounts payable within one year | 42/48 | €76,405 | €111,723 | +€35,318 | +46.2% |
| Trade debts | 44 | €5,543 | €1,543 | -€4,000 | -72.2% |
| Suppliers | 440/4 | €5,543 | €1,543 | -€4,000 | -72.2% |
| Taxes, remuneration and social security | 45 | €57,506 | €32,251 | -€25,255 | -43.9% |
| Taxes | 450/3 | €57,506 | €32,251 | -€25,255 | -43.9% |
| Other amounts payable | 47/48 | €13,356 | €77,929 | +€64,573 | +483.5% |
| Accrued charges and deferred income | 492/3 | €2,071 | - | -€2,071 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,158 | €4,026 | +€1,868 | +86.6% |
| Other operating charges | 640/8 | €710 | €1,400 | +€690 | +97.2% |
| Gross operating margin | 9900 | €99,243 | €82,917 | -€16,326 | -16.5% |
| Operating profit (loss) | 9901 | €96,375 | €77,491 | -€18,884 | -19.6% |
| Financial income | 75/76B | - | €461 | +€461 | |
| Recurring financial income | 75 | - | €461 | +€461 | |
| Financial charges | 65/66B | €5 | €158 | +€153 | +3060.0% |
| Recurring financial charges | 65 | €5 | €158 | +€153 | +3060.0% |
| Profit (loss) for the period before taxes | 9903 | €96,370 | €77,794 | -€18,576 | -19.3% |
| Income taxes | 67/77 | €20,140 | €17,411 | -€2,729 | -13.6% |
| Profit (loss) for the period | 9904 | €76,230 | €60,383 | -€15,847 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €76,230 | €60,383 | -€15,847 | -20.8% |
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 7 October 2026 via checked.be.