SMART LEASE: 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 LEASE
Largest movements
- Receivables within one year -€6,900
down €6,900 (-46.2%), from €14,944 to €8,044
of which Trade receivables: -€6,561
- Tangible fixed assets +€4,771
up €4,771 (+33.7%), from €14,167 to €18,938
- Deferred charges and accrued income -€523
no longer reported in 2025 (was €523)
- Trade debts -€12,343
down €12,343 (-85.9%), from €14,376 to €2,033
- Advances received -€7,750
no longer reported in 2025 (was €7,750)
- Other debts +€5,120
up €5,120 (+102%), from €4,997 to €10,116
- Debts after one year +€4,289
up €4,289 (+53.0%), from €8,084 to €12,373
- Profit (loss) carried forward +€4,194
up €4,194 (+30.7%), from -€13,675 to -€9,481
- Gross operating margin +€7,317
up €7,317, from -€514 to €6,803
- Depreciation -€1,282
down €1,282 (-21.9%), from €5,842 to €4,560
- Financial charges +€1,239
up €1,239 (+2,290%), from €54 to €1,293
- Other operating charges +€642
up €642 (+68.2%), from €942 to €1,584
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 | €29,635 | €27,025 | -€2,610 | -8.8% |
| Fixed assets | 21/28 | €14,167 | €18,938 | +€4,771 | +33.7% |
| Tangible fixed assets | 22/27 | €14,167 | €18,938 | +€4,771 | +33.7% |
| Furniture and vehicles | 24 | €14,167 | €18,938 | +€4,771 | +33.7% |
| Current assets | 29/58 | €15,468 | €8,087 | -€7,381 | -47.7% |
| Amounts receivable within one year | 40/41 | €14,944 | €8,044 | -€6,900 | -46.2% |
| Trade receivables | 40 | €11,475 | €4,914 | -€6,561 | -57.2% |
| Other amounts receivable | 41 | €3,469 | €3,130 | -€339 | -9.8% |
| Cash at bank and in hand | 54/58 | €1 | €43 | +€42 | +3,567% |
| Deferred charges and accrued income | 490/1 | €523 | - | -€523 | |
| Total equity and liabilities | 10/49 | €29,635 | €27,025 | -€2,610 | -8.8% |
| Equity | 10/15 | -€11,675 | -€7,481 | +€4,194 | +35.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,675 | -€9,481 | +€4,194 | +30.7% |
| Amounts payable | 17/49 | €41,310 | €34,506 | -€6,804 | -16.5% |
| Amounts payable after more than one year | 17 | €8,084 | €12,373 | +€4,289 | +53.0% |
| Financial debts | 170/4 | €8,084 | €12,373 | +€4,289 | +53.0% |
| Amounts payable within one year | 42/48 | €33,226 | €22,133 | -€11,092 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €4,110 | €7,991 | +€3,881 | +94.4% |
| Trade debts | 44 | €14,376 | €2,033 | -€12,343 | -85.9% |
| Suppliers | 440/4 | €14,376 | €2,033 | -€12,343 | -85.9% |
| Advances received on contracts in progress | 46 | €7,750 | - | -€7,750 | |
| Taxes, remuneration and social security | 45 | €1,993 | €1,993 | = | 0.0% |
| Taxes | 450/3 | €1,993 | €1,993 | = | 0.0% |
| Other amounts payable | 47/48 | €4,997 | €10,116 | +€5,120 | +102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,842 | €4,560 | -€1,282 | -21.9% |
| Other operating charges | 640/8 | €942 | €1,584 | +€642 | +68.2% |
| Non-recurring operating charges | 66A | - | €816 | +€816 | |
| Gross operating margin | 9900 | -€514 | €6,803 | +€7,317 | |
| Operating profit (loss) | 9901 | -€7,297 | -€157 | +€7,141 | +97.9% |
| Financial charges | 65/66B | €54 | €1,293 | +€1,239 | +2,290% |
| Recurring financial charges | 65 | €54 | €1,293 | +€1,239 | +2,290% |
| Profit (loss) for the period before taxes | 9903 | -€7,351 | -€1,449 | +€5,902 | +80.3% |
| Profit (loss) for the period | 9904 | -€7,351 | -€1,449 | +€5,902 | +80.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,351 | -€1,449 | +€5,902 | +80.3% |
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 16 October 2026 via checked.be.