SMARTBIZZ PROJECTS: what changed
Two financial 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.
SMARTBIZZ PROJECTS
Largest movements
- Receivables within one year +€29,109
up €29,109 (+201%), from €14,483 to €43,591
of which Other amounts receivable: +€41,904
- Cash +€2,090
up €2,090 (+1,593%), from €131 to €2,221
mainly Net result for the year (+€41,297) and Tax, wage and social debts (+€12,991)
- Tangible fixed assets -€941
down €941 (-58.7%), from €1,602 to €662
- Profit (loss) carried forward +€21,297
up €21,297, from -€9,230 to €12,067
- Tax, wage and social debts +€12,991
up €12,991 (+95.3%), from €13,635 to €26,625
- Advances received +€7,076
up €7,076 (+41.8%), from €16,924 to €24,000
- Current portion of long-term debt -€6,298
no longer reported in 2025 (was €6,298)
- Trade debts -€4,784
down €4,784 (-28.6%), from €16,720 to €11,936
- Gross operating margin +€27,594
up €27,594 (+99.4%), from €27,757 to €55,351
- Taxes +€5,619
up €5,619 (+110%), from €5,089 to €10,708
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.
Derived cash bridge
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 | €56,231 | €86,489 | +€30,258 | +53.8% |
| Fixed assets | 21/28 | €1,617 | €677 | -€941 | -58.2% |
| Tangible fixed assets | 22/27 | €1,602 | €662 | -€941 | -58.7% |
| Furniture and vehicles | 24 | €1,602 | €662 | -€941 | -58.7% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €54,614 | €85,812 | +€31,198 | +57.1% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,483 | €43,591 | +€29,109 | +201% |
| Trade receivables | 40 | €13,098 | €303 | -€12,795 | -97.7% |
| Other amounts receivable | 41 | €1,385 | €43,289 | +€41,904 | +3,026% |
| Cash at bank and in hand | 54/58 | €131 | €2,221 | +€2,090 | +1,593% |
| Total equity and liabilities | 10/49 | €56,231 | €86,489 | +€30,258 | +53.8% |
| Equity | 10/15 | €2,630 | €23,927 | +€21,297 | +810% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€9,230 | €12,067 | +€21,297 | |
| Amounts payable | 17/49 | €53,601 | €62,562 | +€8,960 | +16.7% |
| Amounts payable within one year | 42/48 | €53,601 | €62,562 | +€8,960 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €6,298 | - | -€6,298 | |
| Trade debts | 44 | €16,720 | €11,936 | -€4,784 | -28.6% |
| Suppliers | 440/4 | €16,720 | €11,936 | -€4,784 | -28.6% |
| Advances received on contracts in progress | 46 | €16,924 | €24,000 | +€7,076 | +41.8% |
| Taxes, remuneration and social security | 45 | €13,635 | €26,625 | +€12,991 | +95.3% |
| Taxes | 450/3 | €13,635 | €26,625 | +€12,991 | +95.3% |
| Other amounts payable | 47/48 | €25 | - | -€25 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €886 | €941 | +€55 | +6.2% |
| Other operating charges | 640/8 | €1,197 | €1,484 | +€287 | +24.0% |
| Non-recurring operating charges | 66A | €6,594 | - | -€6,594 | |
| Gross operating margin | 9900 | €27,757 | €55,351 | +€27,594 | +99.4% |
| Operating profit (loss) | 9901 | €19,080 | €52,926 | +€33,846 | +177% |
| Financial income | 75/76B | €0 | €0 | -€0 | -96.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -96.3% |
| Financial charges | 65/66B | €1,271 | €921 | -€350 | -27.5% |
| Recurring financial charges | 65 | €1,271 | €921 | -€350 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €17,809 | €52,005 | +€34,196 | +192% |
| Income taxes | 67/77 | €5,089 | €10,708 | +€5,619 | +110% |
| Profit (loss) for the period | 9904 | €12,721 | €41,297 | +€28,577 | +225% |
| Profit (loss) for the period to be appropriated | 9905 | €12,721 | €41,297 | +€28,577 | +225% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.