Smart E-Shop: 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 E-Shop
Largest movements
- Tangible fixed assets -€15,263
down €15,263 (-56.2%), from €27,149 to €11,886
of which Furniture and vehicles: -€13,846
- Profit (loss) carried forward -€16,310
down €16,310 (-100.0%), from €16,310 to €0
- Tax, wage and social debts -€11,240
down €11,240 (-29.8%), from €37,730 to €26,490
of which Taxes: -€11,240
- Other debts +€9,324
new in 2025: €9,324
- Current portion of long-term debt -€6,077
down €6,077 (-47.0%), from €12,942 to €6,864
- Reserves +€5,416
up €5,416 (+5.7%), from €95,563 to €100,979
of which Distributable reserves: +€76,658
- Gross operating margin +€86,308
up €86,308 (+33620.9%), from €257 to €86,565
- Financial income -€62,547
down €62,547 (-87.8%), from €71,242 to €8,695
of which Non-recurring financial income: -€71,242
- Taxes +€15,321
up €15,321 (+5446.1%), from €281 to €15,602
- Write-downs -€5,992
no longer reported in 2025 (was €5,992)
- Depreciation +€4,218
up €4,218 (+38.2%), from €11,044 to €15,263
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 | €203,287 | €186,654 | -€16,633 | -8.2% |
| Fixed assets | 21/28 | €29,349 | €14,086 | -€15,263 | -52.0% |
| Tangible fixed assets | 22/27 | €27,149 | €11,886 | -€15,263 | -56.2% |
| Plant, machinery and equipment | 23 | €1,821 | €404 | -€1,416 | -77.8% |
| Furniture and vehicles | 24 | €25,328 | €11,482 | -€13,846 | -54.7% |
| Financial fixed assets | 28 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €173,938 | €172,568 | -€1,370 | -0.8% |
| Amounts receivable within one year | 40/41 | €171,543 | €172,556 | +€1,014 | +0.6% |
| Trade receivables | 40 | €3,504 | €4,869 | +€1,365 | +39.0% |
| Other amounts receivable | 41 | €168,039 | €167,687 | -€351 | -0.2% |
| Cash at bank and in hand | 54/58 | €502 | €12 | -€491 | -97.7% |
| Deferred charges and accrued income | 490/1 | €1,893 | - | -€1,893 | |
| Total equity and liabilities | 10/49 | €203,287 | €186,654 | -€16,633 | -8.2% |
| Equity | 10/15 | €130,474 | €119,579 | -€10,894 | -8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €95,563 | €100,979 | +€5,416 | +5.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €71,242 | - | -€71,242 | |
| Distributable reserves | 133 | €22,461 | €99,119 | +€76,658 | +341.3% |
| Profit (loss) carried forward | 14 | €16,310 | €0 | -€16,310 | -100.0% |
| Amounts payable | 17/49 | €72,813 | €67,075 | -€5,738 | -7.9% |
| Amounts payable after more than one year | 17 | €7,245 | €7,245 | = | 0.0% |
| Financial debts | 170/4 | €7,245 | €7,245 | = | 0.0% |
| Amounts payable within one year | 42/48 | €65,568 | €54,563 | -€11,006 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | €12,942 | €6,864 | -€6,077 | -47.0% |
| Trade debts | 44 | €14,896 | €11,884 | -€3,012 | -20.2% |
| Suppliers | 440/4 | €14,896 | €11,884 | -€3,012 | -20.2% |
| Taxes, remuneration and social security | 45 | €37,730 | €26,490 | -€11,240 | -29.8% |
| Taxes | 450/3 | €29,130 | €17,890 | -€11,240 | -38.6% |
| Remuneration and social security | 454/9 | €8,600 | €8,600 | = | 0.0% |
| Other amounts payable | 47/48 | - | €9,324 | +€9,324 | |
| Accrued charges and deferred income | 492/3 | - | €5,267 | +€5,267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,044 | €15,263 | +€4,218 | +38.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,992 | - | -€5,992 | |
| Other operating charges | 640/8 | €1,422 | €1,223 | -€199 | -14.0% |
| Gross operating margin | 9900 | €257 | €86,565 | +€86,308 | +33620.9% |
| Operating profit (loss) | 9901 | -€18,202 | €70,079 | +€88,281 | |
| Financial income | 75/76B | €71,242 | €8,695 | -€62,547 | -87.8% |
| Recurring financial income | 75 | €0 | €8,695 | +€8,695 | +86953300.0% |
| Non-recurring financial income | 76B | €71,242 | - | -€71,242 | |
| Financial charges | 65/66B | €2,582 | €2,824 | +€242 | +9.4% |
| Recurring financial charges | 65 | €2,582 | €2,824 | +€242 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €50,458 | €75,950 | +€25,492 | +50.5% |
| Income taxes | 67/77 | €281 | €15,602 | +€15,321 | +5446.1% |
| Profit (loss) for the period | 9904 | €50,177 | €60,348 | +€10,171 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,177 | €60,348 | +€10,171 | +20.3% |
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 7 October 2026 via checked.be.