Smart Estate 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 Estate Services
Largest movements
- Receivables within one year +€50,025
up €50,025 (+251%), from €19,958 to €69,984
of which Trade receivables: +€46,054
- Cash -€4,880
down €4,880 (-94.1%), from €5,186 to €307
mainly Net result for the year (-€78,004) and Receivables within one year (-€50,025)
- Other debts +€84,792
up €84,792 (+47,021%), from €180 to €84,973
- Profit (loss) carried forward -€78,004
down €78,004 (-13,949%), from -€559 to -€78,563
- Trade debts +€43,481
up €43,481 (+294%), from €14,787 to €58,268
- Tax, wage and social debts -€5,586
down €5,586 (-54.2%), from €10,313 to €4,727
- Gross operating margin -€79,912
down €79,912, from €6,079 to -€73,833
- Write-downs -€3,325
down €3,325 (-100%), from €3,325 to €0
- Other operating charges +€3,210
up €3,210 (+1,824%), from €176 to €3,386
- Taxes -€2,725
down €2,725 (-99.6%), from €2,736 to €10
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.
Derived cash bridge
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 | €25,827 | €71,051 | +€45,224 | +175% |
| Fixed assets | 21/28 | €435 | €435 | = | 0.0% |
| Financial fixed assets | 28 | €435 | €435 | = | 0.0% |
| Current assets | 29/58 | €25,392 | €70,616 | +€45,224 | +178% |
| Amounts receivable within one year | 40/41 | €19,958 | €69,984 | +€50,025 | +251% |
| Trade receivables | 40 | €19,489 | €65,542 | +€46,054 | +236% |
| Other amounts receivable | 41 | €470 | €4,441 | +€3,971 | +845% |
| Current investments | 50/53 | €0 | €14 | +€13 | +2,657% |
| Cash at bank and in hand | 54/58 | €5,186 | €307 | -€4,880 | -94.1% |
| Deferred charges and accrued income | 490/1 | €247 | €312 | +€65 | +26.5% |
| Total equity and liabilities | 10/49 | €25,827 | €71,051 | +€45,224 | +175% |
| Equity | 10/15 | €441 | -€77,563 | -€78,004 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€559 | -€78,563 | -€78,004 | -13,949% |
| Amounts payable | 17/49 | €25,387 | €148,615 | +€123,228 | +485% |
| Amounts payable within one year | 42/48 | €25,387 | €148,351 | +€122,965 | +484% |
| Financial debts | 43 | €106 | €384 | +€278 | +261% |
| Credit institutions | 430/8 | €106 | €384 | +€278 | +261% |
| Trade debts | 44 | €14,787 | €58,268 | +€43,481 | +294% |
| Suppliers | 440/4 | €14,787 | €58,268 | +€43,481 | +294% |
| Taxes, remuneration and social security | 45 | €10,313 | €4,727 | -€5,586 | -54.2% |
| Taxes | 450/3 | €10,313 | €4,727 | -€5,586 | -54.2% |
| Other amounts payable | 47/48 | €180 | €84,973 | +€84,792 | +47,021% |
| Accrued charges and deferred income | 492/3 | - | €263 | +€263 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,325 | €0 | -€3,325 | -100% |
| Other operating charges | 640/8 | €176 | €3,386 | +€3,210 | +1,824% |
| Gross operating margin | 9900 | €6,079 | -€73,833 | -€79,912 | |
| Operating profit (loss) | 9901 | €2,578 | -€77,219 | -€79,797 | |
| Financial income | 75/76B | €9 | €1 | -€8 | -93.1% |
| Recurring financial income | 75 | €9 | €1 | -€8 | -93.1% |
| Financial charges | 65/66B | €410 | €775 | +€365 | +88.8% |
| Recurring financial charges | 65 | €410 | €775 | +€365 | +88.8% |
| Profit (loss) for the period before taxes | 9903 | €2,176 | -€77,994 | -€80,170 | |
| Income taxes | 67/77 | €2,736 | €10 | -€2,725 | -99.6% |
| Profit (loss) for the period | 9904 | -€559 | -€78,004 | -€77,445 | -13,849% |
| Profit (loss) for the period to be appropriated | 9905 | -€559 | -€78,004 | -€77,445 | -13,849% |
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 27 October 2026 via checked.be.