Smartarea: 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.
Smartarea
Largest movements
- Tangible fixed assets +€21,859
up €21,859 (+499.8%), from €4,374 to €26,232
of which Leasing and similar rights: +€24,691
- Receivables within one year +€14,135
up €14,135 (+122.1%), from €11,580 to €25,715
of which Trade receivables: +€14,818
- Cash +€12,227
up €12,227 (+79.3%), from €15,416 to €27,643
mainly Net result for the year (+€14,947) and Debts after one year (+€14,855)
- Profit (loss) carried forward +€14,947
up €14,947 (+330.8%), from €4,519 to €19,466
- Debts after one year +€14,855
new in 2025: €14,855
- Trade debts +€10,319
up €10,319 (+89.4%), from €11,545 to €21,863
- Current portion of long-term debt +€4,070
new in 2025: €4,070
- Other debts +€3,560
up €3,560 (+7181.8%), from €50 to €3,610
- Turnover +€19,008
up €19,008 (+29.4%), from €64,714 to €83,722
- Gross operating margin +€14,159
up €14,159 (+232.9%), from €6,079 to €20,238
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 | €32,311 | €80,500 | +€48,189 | +149.1% |
| Fixed assets | 21/28 | €4,374 | €26,232 | +€21,859 | +499.8% |
| Tangible fixed assets | 22/27 | €4,374 | €26,232 | +€21,859 | +499.8% |
| Plant, machinery and equipment | 23 | €3,860 | €1,541 | -€2,319 | -60.1% |
| Furniture and vehicles | 24 | €514 | - | -€514 | |
| Leasing and similar rights | 25 | - | €24,691 | +€24,691 | |
| Current assets | 29/58 | €27,937 | €54,268 | +€26,331 | +94.2% |
| Amounts receivable within one year | 40/41 | €11,580 | €25,715 | +€14,135 | +122.1% |
| Trade receivables | 40 | €9,561 | €24,379 | +€14,818 | +155.0% |
| Other amounts receivable | 41 | €2,019 | €1,336 | -€683 | -33.8% |
| Cash at bank and in hand | 54/58 | €15,416 | €27,643 | +€12,227 | +79.3% |
| Deferred charges and accrued income | 490/1 | €941 | €910 | -€31 | -3.3% |
| Total equity and liabilities | 10/49 | €32,311 | €80,500 | +€48,189 | +149.1% |
| Equity | 10/15 | €20,717 | €35,664 | +€14,947 | +72.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,998 | €9,998 | = | 0.0% |
| Non-distributable reserves | 130/1 | €779 | €779 | = | 0.0% |
| Reserves not available under the articles | 1311 | €779 | €779 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,219 | €9,219 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,519 | €19,466 | +€14,947 | +330.8% |
| Amounts payable | 17/49 | €11,594 | €44,837 | +€33,242 | +286.7% |
| Amounts payable after more than one year | 17 | - | €14,855 | +€14,855 | |
| Financial debts | 170/4 | - | €14,855 | +€14,855 | |
| Amounts payable within one year | 42/48 | €11,594 | €29,982 | +€18,388 | +158.6% |
| Current portion of amounts payable after more than one year | 42 | - | €4,070 | +€4,070 | |
| Trade debts | 44 | €11,545 | €21,863 | +€10,319 | +89.4% |
| Suppliers | 440/4 | €11,545 | €21,863 | +€10,319 | +89.4% |
| Taxes, remuneration and social security | 45 | - | €439 | +€439 | |
| Taxes | 450/3 | - | €439 | +€439 | |
| Other amounts payable | 47/48 | €50 | €3,610 | +€3,560 | +7181.8% |
| Turnover | 70 | €64,714 | €83,722 | +€19,008 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,102 | €3,891 | +€789 | +25.4% |
| Other operating charges | 640/8 | €228 | €188 | -€40 | -17.4% |
| Gross operating margin | 9900 | €6,079 | €20,238 | +€14,159 | +232.9% |
| Operating profit (loss) | 9901 | €2,749 | €16,158 | +€13,409 | +487.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -70.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -70.0% |
| Financial charges | 65/66B | €283 | €772 | +€489 | +172.4% |
| Recurring financial charges | 65 | €283 | €772 | +€489 | +172.4% |
| Profit (loss) for the period before taxes | 9903 | €2,466 | €15,386 | +€12,921 | +524.1% |
| Income taxes | 67/77 | - | €439 | +€439 | |
| Profit (loss) for the period | 9904 | €2,466 | €14,947 | +€12,481 | +506.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,466 | €14,947 | +€12,481 | +506.2% |
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 2 October 2026 via checked.be.