SMART BOUW: 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.
SMART BOUW
Largest movements
- Cash -€15,629
down €15,629 (-84.2%), from €18,555 to €2,926
mainly Investment in fixed assets (net) (-€15,289) and Other debts (-€8,925)
- Tangible fixed assets +€14,096
up €14,096 (+540.4%), from €2,608 to €16,704
of which Furniture and vehicles: +€15,189
- Receivables within one year +€8,320
up €8,320 (+69.0%), from €12,056 to €20,376
of which Trade receivables: +€8,823
- Profit (loss) carried forward +€15,240
up €15,240 (+325.9%), from €4,677 to €19,917
- Other debts -€8,925
no longer reported in 2025 (was €8,925)
- Tax, wage and social debts +€1,372
up €1,372 (+34.7%), from €3,955 to €5,327
- Trade debts -€900
down €900 (-6.1%), from €14,663 to €13,763
- Turnover -€131,028
no longer reported in 2025 (was €131,028)
- Purchases and services -€123,745
no longer reported in 2025 (was €123,745)
- Gross operating margin +€13,547
up €13,547 (+186.0%), from €7,283 to €20,829
- Taxes +€2,674
up €2,674 (+228.7%), from €1,169 to €3,843
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 | €33,219 | €40,006 | +€6,787 | +20.4% |
| Fixed assets | 21/28 | €2,608 | €16,704 | +€14,096 | +540.4% |
| Tangible fixed assets | 22/27 | €2,608 | €16,704 | +€14,096 | +540.4% |
| Plant, machinery and equipment | 23 | €2,608 | €1,516 | -€1,093 | -41.9% |
| Furniture and vehicles | 24 | - | €15,189 | +€15,189 | |
| Current assets | 29/58 | €30,611 | €23,302 | -€7,309 | -23.9% |
| Amounts receivable within one year | 40/41 | €12,056 | €20,376 | +€8,320 | +69.0% |
| Trade receivables | 40 | €0 | €8,823 | +€8,823 | |
| Other amounts receivable | 41 | €12,056 | €11,553 | -€503 | -4.2% |
| Cash at bank and in hand | 54/58 | €18,555 | €2,926 | -€15,629 | -84.2% |
| Total equity and liabilities | 10/49 | €33,219 | €40,006 | +€6,787 | +20.4% |
| Equity | 10/15 | €5,677 | €20,917 | +€15,240 | +268.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,677 | €19,917 | +€15,240 | +325.9% |
| Amounts payable | 17/49 | €27,542 | €19,090 | -€8,453 | -30.7% |
| Amounts payable within one year | 42/48 | €27,542 | €19,090 | -€8,453 | -30.7% |
| Trade debts | 44 | €14,663 | €13,763 | -€900 | -6.1% |
| Suppliers | 440/4 | €14,663 | €13,763 | -€900 | -6.1% |
| Taxes, remuneration and social security | 45 | €3,955 | €5,327 | +€1,372 | +34.7% |
| Taxes | 450/3 | €3,955 | €5,327 | +€1,372 | +34.7% |
| Other amounts payable | 47/48 | €8,925 | - | -€8,925 | |
| Turnover | 70 | €131,028 | - | -€131,028 | |
| Goods, raw materials, services and sundry goods | 60/61 | €123,745 | - | -€123,745 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €670 | €1,193 | +€524 | +78.2% |
| Other operating charges | 640/8 | €118 | €144 | +€26 | +22.1% |
| Gross operating margin | 9900 | €7,283 | €20,829 | +€13,547 | +186.0% |
| Operating profit (loss) | 9901 | €6,495 | €19,492 | +€12,997 | +200.1% |
| Financial income | 75/76B | €2 | €4 | +€2 | +95.1% |
| Recurring financial income | 75 | €2 | €4 | +€2 | +95.1% |
| Financial charges | 65/66B | €651 | €413 | -€238 | -36.5% |
| Recurring financial charges | 65 | €651 | €413 | -€238 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €5,846 | €19,083 | +€13,237 | +226.4% |
| Income taxes | 67/77 | €1,169 | €3,843 | +€2,674 | +228.7% |
| Profit (loss) for the period | 9904 | €4,677 | €15,240 | +€10,563 | +225.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,677 | €15,240 | +€10,563 | +225.9% |
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 11 October 2026 via checked.be.