Smart2Rent: 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.
Smart2Rent
Largest movements
- Tangible fixed assets -€731,031
down €731,031 (-35.8%), from €2.0m to €1.3m
of which Land and buildings: -€731,031
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Cash +€42,394
up €42,394 (+84.5%), from €50,164 to €92,558
mainly Investment in fixed assets (net) (+€692,699) and Current investments (+€100,000)
- Contributions -€750,000
down €750,000 (-32.6%), from €2.3m to €1.6m
- Profit (loss) carried forward -€37,723
down €37,723 (-34.5%), from -€109,239 to -€146,962
- Gross operating margin -€26,400
down €26,400 (-87.6%), from €30,139 to €3,739
- Depreciation -€21,635
down €21,635 (-36.1%), from €59,968 to €38,333
- Financial income -€1,689
down €1,689 (-89.0%), from €1,898 to €210
- Other operating charges -€904
down €904 (-22.3%), from €4,063 to €3,159
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 | €2,193,326 | €1,404,605 | -€788,721 | -36.0% |
| Fixed assets | 21/28 | €2,042,446 | €1,311,414 | -€731,031 | -35.8% |
| Tangible fixed assets | 22/27 | €2,042,446 | €1,311,414 | -€731,031 | -35.8% |
| Land and buildings | 22 | €2,042,446 | €1,311,414 | -€731,031 | -35.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €150,880 | €93,190 | -€57,690 | -38.2% |
| Amounts receivable within one year | 40/41 | €570 | €632 | +€63 | +11.0% |
| Other amounts receivable | 41 | €570 | €632 | +€63 | +11.0% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €50,164 | €92,558 | +€42,394 | +84.5% |
| Deferred charges and accrued income | 490/1 | €147 | €0 | -€147 | -100.0% |
| Total equity and liabilities | 10/49 | €2,193,326 | €1,404,605 | -€788,721 | -36.0% |
| Equity | 10/15 | €2,190,761 | €1,403,038 | -€787,723 | -36.0% |
| Contributions | 10/11 | €2,300,000 | €1,550,000 | -€750,000 | -32.6% |
| Profit (loss) carried forward | 14 | -€109,239 | -€146,962 | -€37,723 | -34.5% |
| Amounts payable | 17/49 | €2,566 | €1,567 | -€999 | -38.9% |
| Amounts payable within one year | 42/48 | €2,566 | €1,567 | -€999 | -38.9% |
| Trade debts | 44 | €2,566 | €1,567 | -€999 | -38.9% |
| Suppliers | 440/4 | €2,566 | €1,567 | -€999 | -38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,968 | €38,333 | -€21,635 | -36.1% |
| Other operating charges | 640/8 | €4,063 | €3,159 | -€904 | -22.3% |
| Gross operating margin | 9900 | €30,139 | €3,739 | -€26,400 | -87.6% |
| Operating profit (loss) | 9901 | -€33,892 | -€37,752 | -€3,860 | -11.4% |
| Financial income | 75/76B | €1,898 | €210 | -€1,689 | -89.0% |
| Recurring financial income | 75 | €1,898 | €210 | -€1,689 | -89.0% |
| Financial charges | 65/66B | €160 | €180 | +€20 | +12.7% |
| Recurring financial charges | 65 | €160 | €180 | +€20 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | -€32,154 | -€37,723 | -€5,569 | -17.3% |
| Profit (loss) for the period | 9904 | -€32,154 | -€37,723 | -€5,569 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,154 | -€37,723 | -€5,569 | -17.3% |
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 6 October 2026 via checked.be.