Smart Fleet: 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 Fleet
Largest movements
- Cash +€12,343
up €12,343 (+658.0%), from €1,876 to €14,219
mainly Net result for the year (+€15,367) and Depreciation (+€8,432)
- Tangible fixed assets -€8,432
down €8,432 (-35.6%), from €23,709 to €15,278
- Receivables within one year +€4,120
up €4,120 (+90.9%), from €4,533 to €8,653
of which Trade receivables: +€4,018
- Deferred charges and accrued income +€518
up €518 (+100.2%), from €517 to €1,036
- Reserves +€15,367
up €15,367 (+1598.1%), from €962 to €16,329
- Debts after one year -€7,159
no longer reported in 2025 (was €7,159)
- Tax, wage and social debts +€2,233
up €2,233 (+84.1%), from €2,653 to €4,886
- Trade debts -€1,657
no longer reported in 2025 (was €1,657)
- Other debts -€552
down €552 (-40.5%), from €1,364 to €811
- Gross operating margin +€16,097
up €16,097 (+139.1%), from €11,569 to €27,666
- Depreciation +€6,710
up €6,710 (+389.8%), from €1,721 to €8,432
- Taxes +€1,224
up €1,224 (+492.8%), from €248 to €1,472
- Other operating charges +€633
up €633 (+55.1%), from €1,150 to €1,784
- Financial charges +€407
up €407 (+161.7%), from €252 to €659
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 | €30,635 | €39,185 | +€8,550 | +27.9% |
| Fixed assets | 21/28 | €23,709 | €15,278 | -€8,432 | -35.6% |
| Tangible fixed assets | 22/27 | €23,709 | €15,278 | -€8,432 | -35.6% |
| Furniture and vehicles | 24 | €23,709 | €15,278 | -€8,432 | -35.6% |
| Current assets | 29/58 | €6,926 | €23,908 | +€16,982 | +245.2% |
| Amounts receivable within one year | 40/41 | €4,533 | €8,653 | +€4,120 | +90.9% |
| Trade receivables | 40 | €4,533 | €8,551 | +€4,018 | +88.6% |
| Other amounts receivable | 41 | - | €102 | +€102 | |
| Cash at bank and in hand | 54/58 | €1,876 | €14,219 | +€12,343 | +658.0% |
| Deferred charges and accrued income | 490/1 | €517 | €1,036 | +€518 | +100.2% |
| Total equity and liabilities | 10/49 | €30,635 | €39,185 | +€8,550 | +27.9% |
| Equity | 10/15 | €10,962 | €26,329 | +€15,367 | +140.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €962 | €16,329 | +€15,367 | +1598.1% |
| Distributable reserves | 133 | €962 | €16,329 | +€15,367 | +1598.1% |
| Amounts payable | 17/49 | €19,674 | €12,857 | -€6,817 | -34.7% |
| Amounts payable after more than one year | 17 | €7,159 | - | -€7,159 | |
| Financial debts | 170/4 | €7,159 | - | -€7,159 | |
| Amounts payable within one year | 42/48 | €12,514 | €12,857 | +€342 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €6,841 | €7,159 | +€319 | +4.7% |
| Trade debts | 44 | €1,657 | - | -€1,657 | |
| Suppliers | 440/4 | €1,657 | - | -€1,657 | |
| Taxes, remuneration and social security | 45 | €2,653 | €4,886 | +€2,233 | +84.1% |
| Taxes | 450/3 | €2,653 | €4,886 | +€2,233 | +84.1% |
| Other amounts payable | 47/48 | €1,364 | €811 | -€552 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,721 | €8,432 | +€6,710 | +389.8% |
| Other operating charges | 640/8 | €1,150 | €1,784 | +€633 | +55.1% |
| Gross operating margin | 9900 | €11,569 | €27,666 | +€16,097 | +139.1% |
| Operating profit (loss) | 9901 | €8,698 | €17,451 | +€8,753 | +100.6% |
| Financial income | 75/76B | €63 | €47 | -€15 | -24.6% |
| Recurring financial income | 75 | €63 | €47 | -€15 | -24.6% |
| Financial charges | 65/66B | €252 | €659 | +€407 | +161.7% |
| Recurring financial charges | 65 | €252 | €659 | +€407 | +161.7% |
| Profit (loss) for the period before taxes | 9903 | €8,509 | €16,840 | +€8,331 | +97.9% |
| Income taxes | 67/77 | €248 | €1,472 | +€1,224 | +492.8% |
| Profit (loss) for the period | 9904 | €8,260 | €15,367 | +€7,107 | +86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,260 | €15,367 | +€7,107 | +86.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.