Smartblock: 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.
Smartblock
Largest movements
- Receivables within one year +€36,797
up €36,797 (+69.6%), from €52,881 to €89,678
of which Trade receivables: +€33,196
- Cash +€20,100
up €20,100 (+153.0%), from €13,137 to €33,237
mainly Trade debts (+€61,395) and Tax, wage and social debts (+€6,087)
- Tangible fixed assets -€1,846
down €1,846 (-47.9%), from €3,851 to €2,004
- Deferred charges and accrued income +€1,357
up €1,357 (+463.0%), from €293 to €1,650
- Trade debts +€61,395
up €61,395 (+127.2%), from €48,251 to €109,647
- Other debts -€12,101
down €12,101 (-98.9%), from €12,238 to €137
- Tax, wage and social debts +€6,087
up €6,087 (+141.3%), from €4,309 to €10,396
- Profit (loss) carried forward +€1,389
up €1,389, from €0 to €1,389
- Gross operating margin -€11,597
down €11,597 (-54.9%), from €21,123 to €9,526
- Taxes -€2,949
down €2,949 (-87.7%), from €3,365 to €415
- Financial charges +€1,825
up €1,825 (+49.5%), from €3,687 to €5,512
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 | €70,161 | €126,569 | +€56,408 | +80.4% |
| Fixed assets | 21/28 | €3,851 | €2,004 | -€1,846 | -47.9% |
| Tangible fixed assets | 22/27 | €3,851 | €2,004 | -€1,846 | -47.9% |
| Furniture and vehicles | 24 | €3,851 | €2,004 | -€1,846 | -47.9% |
| Current assets | 29/58 | €66,311 | €124,565 | +€58,254 | +87.9% |
| Amounts receivable within one year | 40/41 | €52,881 | €89,678 | +€36,797 | +69.6% |
| Trade receivables | 40 | €52,854 | €86,050 | +€33,196 | +62.8% |
| Other amounts receivable | 41 | €27 | €3,628 | +€3,601 | +13537.3% |
| Cash at bank and in hand | 54/58 | €13,137 | €33,237 | +€20,100 | +153.0% |
| Deferred charges and accrued income | 490/1 | €293 | €1,650 | +€1,357 | +463.0% |
| Total equity and liabilities | 10/49 | €70,161 | €126,569 | +€56,408 | +80.4% |
| Equity | 10/15 | €5,000 | €6,389 | +€1,389 | +27.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €1,389 | +€1,389 | |
| Amounts payable | 17/49 | €65,161 | €120,180 | +€55,019 | +84.4% |
| Amounts payable within one year | 42/48 | €64,799 | €120,180 | +€55,381 | +85.5% |
| Trade debts | 44 | €48,251 | €109,647 | +€61,395 | +127.2% |
| Suppliers | 440/4 | €48,251 | €109,647 | +€61,395 | +127.2% |
| Taxes, remuneration and social security | 45 | €4,309 | €10,396 | +€6,087 | +141.3% |
| Taxes | 450/3 | €4,309 | €10,396 | +€6,087 | +141.3% |
| Other amounts payable | 47/48 | €12,238 | €137 | -€12,101 | -98.9% |
| Accrued charges and deferred income | 492/3 | €362 | €0 | -€362 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,652 | €1,846 | +€194 | +11.8% |
| Other operating charges | 640/8 | €300 | €400 | +€100 | +33.2% |
| Gross operating margin | 9900 | €21,123 | €9,526 | -€11,597 | -54.9% |
| Operating profit (loss) | 9901 | €19,171 | €7,280 | -€11,891 | -62.0% |
| Financial income | 75/76B | €119 | €36 | -€82 | -69.3% |
| Recurring financial income | 75 | €119 | €36 | -€82 | -69.3% |
| Financial charges | 65/66B | €3,687 | €5,512 | +€1,825 | +49.5% |
| Recurring financial charges | 65 | €3,687 | €5,512 | +€1,825 | +49.5% |
| Profit (loss) for the period before taxes | 9903 | €15,603 | €1,804 | -€13,798 | -88.4% |
| Income taxes | 67/77 | €3,365 | €415 | -€2,949 | -87.7% |
| Profit (loss) for the period | 9904 | €12,238 | €1,389 | -€10,849 | -88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,238 | €1,389 | -€10,849 | -88.6% |
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 29 September 2026 via checked.be.