SMART LOGISTICS: 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 LOGISTICS
Largest movements
- Financial fixed assets +€15,000
up €15,000 (+61.5%), from €24,380 to €39,380
- Tangible fixed assets -€14,910
down €14,910 (-51.4%), from €28,994 to €14,084
- Receivables within one year +€8,940
up €8,940 (+16.9%), from €52,779 to €61,719
- Deferred charges and accrued income +€4,405
up €4,405 (+204.7%), from €2,152 to €6,557
- Profit (loss) carried forward -€46,715
down €46,715 (-69.5%), from €67,179 to €20,464
- Other debts +€30,285
up €30,285 (+8362.2%), from €362 to €30,647
- Tax, wage and social debts +€16,326
up €16,326 (+49.4%), from €33,024 to €49,350
of which Remuneration and social security: +€13,252
- Trade debts +€14,173
up €14,173 (+40.9%), from €34,636 to €48,809
- Staff costs +€164,539
up €164,539 (+95.1%), from €173,093 to €337,633
- Gross operating margin +€104,580
up €104,580 (+49.4%), from €211,836 to €316,416
- Financial charges +€6,537
up €6,537 (+1502.6%), from €435 to €6,973
- Taxes -€3,489
down €3,489 (-72.0%), from €4,843 to €1,355
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 | €135,201 | €149,269 | +€14,068 | +10.4% |
| Fixed assets | 21/28 | €53,374 | €53,464 | +€90 | +0.2% |
| Tangible fixed assets | 22/27 | €28,994 | €14,084 | -€14,910 | -51.4% |
| Furniture and vehicles | 24 | €28,994 | €14,084 | -€14,910 | -51.4% |
| Financial fixed assets | 28 | €24,380 | €39,380 | +€15,000 | +61.5% |
| Current assets | 29/58 | €81,827 | €95,805 | +€13,979 | +17.1% |
| Amounts receivable within one year | 40/41 | €52,779 | €61,719 | +€8,940 | +16.9% |
| Trade receivables | 40 | €52,779 | €61,719 | +€8,940 | +16.9% |
| Cash at bank and in hand | 54/58 | €26,896 | €27,528 | +€633 | +2.4% |
| Deferred charges and accrued income | 490/1 | €2,152 | €6,557 | +€4,405 | +204.7% |
| Total equity and liabilities | 10/49 | €135,201 | €149,269 | +€14,068 | +10.4% |
| Equity | 10/15 | €67,179 | €20,464 | -€46,715 | -69.5% |
| Profit (loss) carried forward | 14 | €67,179 | €20,464 | -€46,715 | -69.5% |
| Amounts payable | 17/49 | €68,022 | €128,805 | +€60,783 | +89.4% |
| Amounts payable within one year | 42/48 | €68,022 | €128,805 | +€60,783 | +89.4% |
| Trade debts | 44 | €34,636 | €48,809 | +€14,173 | +40.9% |
| Suppliers | 440/4 | €34,636 | €48,809 | +€14,173 | +40.9% |
| Taxes, remuneration and social security | 45 | €33,024 | €49,350 | +€16,326 | +49.4% |
| Taxes | 450/3 | €17,740 | €20,814 | +€3,073 | +17.3% |
| Remuneration and social security | 454/9 | €15,284 | €28,536 | +€13,252 | +86.7% |
| Other amounts payable | 47/48 | €362 | €30,647 | +€30,285 | +8362.2% |
| Remuneration, social security and pensions | 62 | €173,093 | €337,633 | +€164,539 | +95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,433 | €14,910 | -€523 | -3.4% |
| Other operating charges | 640/8 | €1,631 | €3,110 | +€1,478 | +90.6% |
| Gross operating margin | 9900 | €211,836 | €316,416 | +€104,580 | +49.4% |
| Operating profit (loss) | 9901 | €21,679 | -€39,237 | -€60,915 | |
| Financial income | 75/76B | €143 | €849 | +€706 | +492.6% |
| Recurring financial income | 75 | €143 | €849 | +€706 | +492.6% |
| Financial charges | 65/66B | €435 | €6,973 | +€6,537 | +1502.6% |
| Recurring financial charges | 65 | €435 | €6,973 | +€6,537 | +1502.6% |
| Profit (loss) for the period before taxes | 9903 | €21,387 | -€45,360 | -€66,747 | |
| Income taxes | 67/77 | €4,843 | €1,355 | -€3,489 | -72.0% |
| Profit (loss) for the period | 9904 | €16,543 | -€46,715 | -€63,258 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,543 | -€46,715 | -€63,258 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.