SMART SQUARE DEVELOPMENT: 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 SQUARE DEVELOPMENT
Largest movements
- Receivables within one year -€90,416
down €90,416 (-2.7%), from €3.4m to €3.3m
of which Other amounts receivable: -€80,416
- Other debts -€77,622
down €77,622 (-2.5%), from €3.1m to €3.0m
- Profit (loss) carried forward -€53,973
down €53,973 (-6.1%), from -€888,065 to -€942,038
- Trade debts +€42,346
up €42,346 (+22.6%), from €187,360 to €229,706
- Financial charges -€87,883
down €87,883 (-99.9%), from €87,953 to €69
- Gross operating margin -€77,465
down €77,465, from €24,687 to -€52,777
- Write-downs -€6,518
down €6,518 (-100.0%), from €6,518 to €0
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 | €3,365,059 | €3,276,271 | -€88,788 | -2.6% |
| Current assets | 29/58 | €3,365,059 | €3,276,271 | -€88,788 | -2.6% |
| Amounts receivable within one year | 40/41 | €3,362,472 | €3,272,056 | -€90,416 | -2.7% |
| Trade receivables | 40 | €3,244,380 | €3,234,380 | -€10,000 | -0.3% |
| Other amounts receivable | 41 | €118,092 | €37,676 | -€80,416 | -68.1% |
| Cash at bank and in hand | 54/58 | €824 | €4,215 | +€3,391 | +411.3% |
| Deferred charges and accrued income | 490/1 | €1,763 | €0 | -€1,763 | -100.0% |
| Total equity and liabilities | 10/49 | €3,365,059 | €3,276,271 | -€88,788 | -2.6% |
| Equity | 10/15 | €61,935 | €7,962 | -€53,973 | -87.1% |
| Contributions | 10/11 | €950,000 | €950,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€888,065 | -€942,038 | -€53,973 | -6.1% |
| Amounts payable | 17/49 | €3,303,125 | €3,268,310 | -€34,815 | -1.1% |
| Amounts payable within one year | 42/48 | €3,303,125 | €3,268,310 | -€34,815 | -1.1% |
| Trade debts | 44 | €187,360 | €229,706 | +€42,346 | +22.6% |
| Suppliers | 440/4 | €187,360 | €229,706 | +€42,346 | +22.6% |
| Taxes, remuneration and social security | 45 | - | €461 | +€461 | |
| Taxes | 450/3 | - | €461 | +€461 | |
| Other amounts payable | 47/48 | €3,115,764 | €3,038,143 | -€77,622 | -2.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,518 | €0 | -€6,518 | -100.0% |
| Other operating charges | 640/8 | €1,182 | €1,126 | -€55 | -4.7% |
| Gross operating margin | 9900 | €24,687 | -€52,777 | -€77,465 | |
| Operating profit (loss) | 9901 | €16,988 | -€53,904 | -€70,892 | |
| Financial income | 75/76B | €10 | €0 | -€10 | -100.0% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100.0% |
| Financial charges | 65/66B | €87,953 | €69 | -€87,883 | -99.9% |
| Recurring financial charges | 65 | €87,953 | €69 | -€87,883 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | -€70,955 | -€53,973 | +€16,982 | +23.9% |
| Profit (loss) for the period | 9904 | -€70,955 | -€53,973 | +€16,982 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,955 | -€53,973 | +€16,982 | +23.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.