SMART BUILDING PROJECTS: 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 BUILDING PROJECTS
Largest movements
- Stocks and contracts +€10,279
up €10,279 (+2.2%), from €467,731 to €478,011
- Other debts +€10,500
up €10,500 (+11.5%), from €91,000 to €101,500
- Gross operating margin +€15,856
up €15,856 (+89.4%), from -€17,733 to -€1,877
- Write-downs -€901
no longer reported in 2025 (was €901)
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 | €472,150 | €480,452 | +€8,302 | +1.8% |
| Current assets | 29/58 | €472,150 | €480,452 | +€8,302 | +1.8% |
| Stocks and contracts in progress | 3 | €467,731 | €478,011 | +€10,279 | +2.2% |
| Stocks | 30/36 | €467,731 | €478,011 | +€10,279 | +2.2% |
| Cash at bank and in hand | 54/58 | €4,418 | €2,441 | -€1,977 | -44.7% |
| Total equity and liabilities | 10/49 | €472,150 | €480,452 | +€8,302 | +1.8% |
| Equity | 10/15 | €131,150 | €128,952 | -€2,198 | -1.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,850 | -€21,048 | -€2,198 | -11.7% |
| Amounts payable | 17/49 | €341,000 | €351,500 | +€10,500 | +3.1% |
| Amounts payable after more than one year | 17 | €250,000 | €250,000 | = | 0.0% |
| Financial debts | 170/4 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €91,000 | €101,500 | +€10,500 | +11.5% |
| Other amounts payable | 47/48 | €91,000 | €101,500 | +€10,500 | +11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €901 | - | -€901 | |
| Other operating charges | 640/8 | - | €131 | +€131 | |
| Gross operating margin | 9900 | -€17,733 | -€1,877 | +€15,856 | +89.4% |
| Operating profit (loss) | 9901 | -€18,634 | -€2,008 | +€16,626 | +89.2% |
| Financial charges | 65/66B | €216 | €189 | -€27 | -12.6% |
| Recurring financial charges | 65 | €216 | €189 | -€27 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,850 | -€2,198 | +€16,653 | +88.3% |
| Profit (loss) for the period | 9904 | -€18,850 | -€2,198 | +€16,653 | +88.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,850 | -€2,198 | +€16,653 | +88.3% |
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 4 October 2026 via checked.be.