SMARTBOUW: 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.
SMARTBOUW
Largest movements
- Stocks and contracts +€265,889
up €265,889 (+42.0%), from €633,089 to €898,977
- Receivables within one year +€55,796
up €55,796 (+1,925%), from €2,898 to €58,694
of which Trade receivables: +€55,874
- Financial fixed assets +€22,380
up €22,380 (+57.1%), from €39,165 to €61,544
- Debts after one year +€281,090
up €281,090 (+223%), from €126,019 to €407,110
- Other debts +€45,404
up €45,404 (+8.6%), from €528,508 to €573,912
- Trade debts +€31,961
up €31,961 (+842%), from €3,797 to €35,758
- Profit (loss) carried forward -€25,895
down €25,895 (-980%), from -€2,642 to -€28,537
- Tax, wage and social debts +€10,991
new in 2024: €10,991
- Gross operating margin -€14,652
down €14,652, from €13,339 to -€1,313
- Financial charges +€13,105
up €13,105 (+119%), from €10,991 to €24,097
of which Financial charges: +€7,755
- Financial income -€729
down €729 (-93.6%), from €779 to €50
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €675,682 | €1,019,234 | +€343,551 | +50.8% |
| Fixed assets | 21/28 | €39,165 | €61,544 | +€22,380 | +57.1% |
| Financial fixed assets | 28 | €39,165 | €61,544 | +€22,380 | +57.1% |
| Current assets | 29/58 | €636,518 | €957,689 | +€321,172 | +50.5% |
| Stocks and contracts in progress | 3 | €633,089 | €898,977 | +€265,889 | +42.0% |
| Stocks | 30/36 | €633,089 | €898,977 | +€265,889 | +42.0% |
| Amounts receivable within one year | 40/41 | €2,898 | €58,694 | +€55,796 | +1,925% |
| Trade receivables | 40 | €2,821 | €58,694 | +€55,874 | +1,981% |
| Other amounts receivable | 41 | €77 | - | -€77 | |
| Cash at bank and in hand | 54/58 | €531 | €18 | -€513 | -96.6% |
| Total equity and liabilities | 10/49 | €675,682 | €1,019,234 | +€343,551 | +50.8% |
| Equity | 10/15 | €17,358 | -€8,537 | -€25,895 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,642 | -€28,537 | -€25,895 | -980% |
| Amounts payable | 17/49 | €658,325 | €1,027,771 | +€369,446 | +56.1% |
| Amounts payable after more than one year | 17 | €126,019 | €407,110 | +€281,090 | +223% |
| Financial debts | 170/4 | €126,019 | €407,110 | +€281,090 | +223% |
| Amounts payable within one year | 42/48 | €532,305 | €620,661 | +€88,356 | +16.6% |
| Trade debts | 44 | €3,797 | €35,758 | +€31,961 | +842% |
| Suppliers | 440/4 | €3,797 | €35,758 | +€31,961 | +842% |
| Taxes, remuneration and social security | 45 | - | €10,991 | +€10,991 | |
| Taxes | 450/3 | - | €10,991 | +€10,991 | |
| Other amounts payable | 47/48 | €528,508 | €573,912 | +€45,404 | +8.6% |
| Other operating charges | 640/8 | €448 | €535 | +€87 | +19.4% |
| Gross operating margin | 9900 | €13,339 | -€1,313 | -€14,652 | |
| Operating profit (loss) | 9901 | €12,891 | -€1,848 | -€14,739 | |
| Financial income | 75/76B | €779 | €50 | -€729 | -93.6% |
| Recurring financial income | 75 | €779 | €50 | -€729 | -93.6% |
| Financial charges | 65/66B | €10,991 | €24,097 | +€13,105 | +119% |
| Recurring financial charges | 65 | €10,991 | €18,747 | +€7,755 | +70.6% |
| Non-recurring financial charges | 66B | - | €5,350 | +€5,350 | |
| Profit (loss) for the period before taxes | 9903 | €2,679 | -€25,895 | -€28,573 | |
| Profit (loss) for the period | 9904 | €2,679 | -€25,895 | -€28,573 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,679 | -€25,895 | -€28,573 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.