SMART REAL ESTATE: what changed
SMART REAL ESTATE
Largest movements
- Receivables within one year -€2,018
down €2,018 (-4.8%), from €42,320 to €40,303
- Tax, wage and social debts -€1,816
no longer reported in 2025 (was €1,816)
- Trade debts -€554
no longer reported in 2025 (was €554)
- Gross operating margin +€933
up €933 (+33.4%), from -€2,790 to -€1,857
- Other operating charges -€401
no longer reported in 2025 (was €401)
- Financial income -€276
down €276 (-11.0%), from €2,502 to €2,227
- Depreciation -€220
no longer reported in 2025 (was €220)
- Financial charges -€174
no longer reported in 2025 (was €174)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,320 | €40,303 | -€2,018 | -4.8% |
| Current assets | 29/58 | €42,320 | €40,303 | -€2,018 | -4.8% |
| Amounts receivable within one year | 40/41 | €42,320 | €40,303 | -€2,018 | -4.8% |
| Other amounts receivable | 41 | €42,320 | €40,303 | -€2,018 | -4.8% |
| Total equity and liabilities | 10/49 | €42,320 | €40,303 | -€2,018 | -4.8% |
| Equity | 10/15 | €39,933 | €40,303 | +€369 | +0.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,033 | €19,403 | +€369 | +1.9% |
| Amounts payable | 17/49 | €2,387 | - | -€2,387 | |
| Amounts payable within one year | 42/48 | €2,387 | - | -€2,387 | |
| Financial debts | 43 | €17 | - | -€17 | |
| Credit institutions | 430/8 | €17 | - | -€17 | |
| Trade debts | 44 | €554 | - | -€554 | |
| Suppliers | 440/4 | €554 | - | -€554 | |
| Taxes, remuneration and social security | 45 | €1,816 | - | -€1,816 | |
| Taxes | 450/3 | €1,816 | - | -€1,816 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220 | - | -€220 | |
| Other operating charges | 640/8 | €401 | - | -€401 | |
| Gross operating margin | 9900 | -€2,790 | -€1,857 | +€933 | +33.4% |
| Operating profit (loss) | 9901 | -€3,411 | -€1,857 | +€1,554 | +45.5% |
| Financial income | 75/76B | €2,502 | €2,227 | -€276 | -11.0% |
| Recurring financial income | 75 | €2,502 | €2,227 | -€276 | -11.0% |
| Financial charges | 65/66B | €174 | - | -€174 | |
| Recurring financial charges | 65 | €174 | - | -€174 | |
| Profit (loss) for the period before taxes | 9903 | -€1,083 | €369 | +€1,452 | |
| Profit (loss) for the period | 9904 | -€1,083 | €369 | +€1,452 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,083 | €369 | +€1,452 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.