SMART BUILDING SERVICES: 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 BUILDING SERVICES
Largest movements
- Stocks and contracts +€126,784
up €126,784 (+248.5%), from €51,028 to €177,812
- Receivables within one year +€7,512
up €7,512 (+7.9%), from €94,749 to €102,261
- Cash -€4,253
down €4,253 (-51.9%), from €8,201 to €3,948
mainly Stocks and contracts (-€126,784) and Net result for the year (-€8,236)
- Short-term financial debts +€137,397
up €137,397 (+483.8%), from €28,398 to €165,795
- Profit (loss) carried forward -€8,236
down €8,236 (-31.8%), from -€25,923 to -€34,159
- Purchases and services -€23,054
no longer reported in 2025 (was €23,054)
- Gross operating margin +€20,496
up €20,496 (+88.9%), from -€23,054 to -€2,558
- Financial charges +€3,218
up €3,218 (+166.8%), from €1,929 to €5,148
- Write-downs -€940
no longer reported in 2025 (was €940)
- Other operating charges +€531
new in 2025: €531
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 | €153,978 | €284,021 | +€130,043 | +84.5% |
| Current assets | 29/58 | €153,978 | €284,021 | +€130,043 | +84.5% |
| Stocks and contracts in progress | 3 | €51,028 | €177,812 | +€126,784 | +248.5% |
| Stocks | 30/36 | €51,028 | €177,812 | +€126,784 | +248.5% |
| Amounts receivable within one year | 40/41 | €94,749 | €102,261 | +€7,512 | +7.9% |
| Other amounts receivable | 41 | €94,749 | €102,261 | +€7,512 | +7.9% |
| Cash at bank and in hand | 54/58 | €8,201 | €3,948 | -€4,253 | -51.9% |
| Total equity and liabilities | 10/49 | €153,978 | €284,021 | +€130,043 | +84.5% |
| Equity | 10/15 | €124,077 | €115,841 | -€8,236 | -6.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,923 | -€34,159 | -€8,236 | -31.8% |
| Amounts payable | 17/49 | €29,901 | €168,180 | +€138,279 | +462.5% |
| Amounts payable within one year | 42/48 | €29,901 | €168,180 | +€138,279 | +462.5% |
| Financial debts | 43 | €28,398 | €165,795 | +€137,397 | +483.8% |
| Credit institutions | 430/8 | €28,398 | €165,795 | +€137,397 | +483.8% |
| Trade debts | 44 | €1,503 | €2,385 | +€882 | +58.7% |
| Suppliers | 440/4 | €1,503 | €2,385 | +€882 | +58.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €23,054 | - | -€23,054 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €940 | - | -€940 | |
| Other operating charges | 640/8 | - | €531 | +€531 | |
| Gross operating margin | 9900 | -€23,054 | -€2,558 | +€20,496 | +88.9% |
| Operating profit (loss) | 9901 | -€23,994 | -€3,089 | +€20,905 | +87.1% |
| Financial charges | 65/66B | €1,929 | €5,148 | +€3,218 | +166.8% |
| Recurring financial charges | 65 | €1,929 | €5,148 | +€3,218 | +166.8% |
| Profit (loss) for the period before taxes | 9903 | -€25,923 | -€8,236 | +€17,687 | +68.2% |
| Profit (loss) for the period | 9904 | -€25,923 | -€8,236 | +€17,687 | +68.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,923 | -€8,236 | +€17,687 | +68.2% |
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 12 October 2026 via checked.be.