Smart Immo Projects: 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 Immo Projects
Largest movements
- Stocks and contracts +€97,721
up €97,721 (+9.1%), from €1.1m to €1.2m
- Cash -€36,557
down €36,557 (-98.6%), from €37,072 to €515
mainly Stocks and contracts (-€97,721) and Net result for the year (-€27,911)
- Other debts +€50,000
up €50,000 (+10.0%), from €501,999 to €551,999
- Debts after one year +€30,981
up €30,981 (+4.6%), from €679,019 to €710,000
- Profit (loss) carried forward -€27,911
down €27,911 (-51.4%), from -€54,338 to -€82,249
- Financial charges -€487
down €487 (-1.9%), from €25,712 to €25,225
- Gross operating margin -€107
down €107 (-4.4%), from -€2,451 to -€2,558
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 | €1,143,881 | €1,193,827 | +€49,946 | +4.4% |
| Current assets | 29/58 | €1,143,881 | €1,193,827 | +€49,946 | +4.4% |
| Amounts receivable after more than one year | 29 | €17,767 | €16,935 | -€833 | -4.7% |
| Other amounts receivable | 291 | €17,767 | €16,935 | -€833 | -4.7% |
| Stocks and contracts in progress | 3 | €1,077,389 | €1,175,110 | +€97,721 | +9.1% |
| Stocks | 30/36 | €1,077,389 | €1,175,110 | +€97,721 | +9.1% |
| Amounts receivable within one year | 40/41 | €11,653 | €1,267 | -€10,386 | -89.1% |
| Other amounts receivable | 41 | €11,653 | €1,267 | -€10,386 | -89.1% |
| Cash at bank and in hand | 54/58 | €37,072 | €515 | -€36,557 | -98.6% |
| Total equity and liabilities | 10/49 | €1,143,881 | €1,193,827 | +€49,946 | +4.4% |
| Equity | 10/15 | -€44,338 | -€72,249 | -€27,911 | -63.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,338 | -€82,249 | -€27,911 | -51.4% |
| Amounts payable | 17/49 | €1,188,219 | €1,266,076 | +€77,857 | +6.6% |
| Amounts payable after more than one year | 17 | €679,019 | €710,000 | +€30,981 | +4.6% |
| Financial debts | 170/4 | €679,019 | €710,000 | +€30,981 | +4.6% |
| Amounts payable within one year | 42/48 | €509,200 | €556,076 | +€46,876 | +9.2% |
| Trade debts | 44 | €7,200 | €4,076 | -€3,124 | -43.4% |
| Suppliers | 440/4 | €7,200 | €4,076 | -€3,124 | -43.4% |
| Other amounts payable | 47/48 | €501,999 | €551,999 | +€50,000 | +10.0% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | -€2,451 | -€2,558 | -€107 | -4.4% |
| Operating profit (loss) | 9901 | -€2,577 | -€2,686 | -€109 | -4.2% |
| Financial charges | 65/66B | €25,712 | €25,225 | -€487 | -1.9% |
| Recurring financial charges | 65 | €25,712 | €25,225 | -€487 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | -€28,289 | -€27,911 | +€378 | +1.3% |
| Profit (loss) for the period | 9904 | -€28,289 | -€27,911 | +€378 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,289 | -€27,911 | +€378 | +1.3% |
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 15 October 2026 via checked.be.