SMARTCONSTRUCT: 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.
SMARTCONSTRUCT
Largest movements
- Tangible fixed assets -€20,510
down €20,510 (-5.9%), from €348,092 to €327,582
of which Land and buildings: -€12,642
- Receivables within one year -€10,276
down €10,276 (-4.7%), from €220,843 to €210,567
of which Other amounts receivable: -€66,208
- Debts after one year -€20,191
down €20,191 (-8.5%), from €238,114 to €217,923
of which Financial debts: -€20,191
- Other debts -€16,745
down €16,745 (-97.5%), from €17,180 to €435
- Gross operating margin -€5,723
down €5,723 (-13.7%), from €41,902 to €36,179
- Taxes -€1,202
down €1,202 (-48.6%), from €2,474 to €1,272
- Other operating charges +€645
up €645 (+21.7%), from €2,970 to €3,615
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 | €581,352 | €545,559 | -€35,793 | -6.2% |
| Fixed assets | 21/28 | €353,144 | €330,469 | -€22,674 | -6.4% |
| Intangible fixed assets | 21 | €4,817 | €2,887 | -€1,930 | -40.1% |
| Tangible fixed assets | 22/27 | €348,092 | €327,582 | -€20,510 | -5.9% |
| Land and buildings | 22 | €337,393 | €324,751 | -€12,642 | -3.7% |
| Plant, machinery and equipment | 23 | €563 | €205 | -€358 | -63.6% |
| Furniture and vehicles | 24 | €10,136 | €2,626 | -€7,509 | -74.1% |
| Financial fixed assets | 28 | €235 | - | -€235 | |
| Current assets | 29/58 | €228,208 | €215,089 | -€13,119 | -5.7% |
| Amounts receivable within one year | 40/41 | €220,843 | €210,567 | -€10,276 | -4.7% |
| Trade receivables | 40 | €93,050 | €148,982 | +€55,933 | +60.1% |
| Other amounts receivable | 41 | €127,793 | €61,585 | -€66,208 | -51.8% |
| Cash at bank and in hand | 54/58 | €6,702 | €4,047 | -€2,654 | -39.6% |
| Deferred charges and accrued income | 490/1 | €664 | €475 | -€189 | -28.5% |
| Total equity and liabilities | 10/49 | €581,352 | €545,559 | -€35,793 | -6.2% |
| Equity | 10/15 | €187,587 | €191,548 | +€3,961 | +2.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,587 | €91,548 | +€3,961 | +4.5% |
| Amounts payable | 17/49 | €393,765 | €354,011 | -€39,754 | -10.1% |
| Amounts payable after more than one year | 17 | €238,114 | €217,923 | -€20,191 | -8.5% |
| Financial debts | 170/4 | €234,664 | €214,473 | -€20,191 | -8.6% |
| Other amounts payable | 178/9 | €3,450 | €3,450 | = | 0.0% |
| Amounts payable within one year | 42/48 | €155,651 | €136,088 | -€19,563 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €23,316 | €20,191 | -€3,125 | -13.4% |
| Trade debts | 44 | €112,722 | €114,190 | +€1,468 | +1.3% |
| Suppliers | 440/4 | €112,722 | €114,190 | +€1,468 | +1.3% |
| Taxes, remuneration and social security | 45 | €2,433 | €1,272 | -€1,161 | -47.7% |
| Taxes | 450/3 | €2,433 | €1,272 | -€1,161 | -47.7% |
| Other amounts payable | 47/48 | €17,180 | €435 | -€16,745 | -97.5% |
| Remuneration, social security and pensions | 62 | €170 | €98 | -€72 | -42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,690 | €22,440 | -€251 | -1.1% |
| Other operating charges | 640/8 | €2,970 | €3,615 | +€645 | +21.7% |
| Gross operating margin | 9900 | €41,902 | €36,179 | -€5,723 | -13.7% |
| Operating profit (loss) | 9901 | €16,072 | €10,027 | -€6,045 | -37.6% |
| Financial income | 75/76B | €1 | €5 | +€5 | +685% |
| Recurring financial income | 75 | €1 | €5 | +€5 | +685% |
| Financial charges | 65/66B | €4,932 | €4,799 | -€133 | -2.7% |
| Recurring financial charges | 65 | €4,932 | €4,799 | -€133 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €11,140 | €5,233 | -€5,908 | -53.0% |
| Income taxes | 67/77 | €2,474 | €1,272 | -€1,202 | -48.6% |
| Profit (loss) for the period | 9904 | €8,666 | €3,961 | -€4,706 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,666 | €3,961 | -€4,706 | -54.3% |
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 14 October 2026 via checked.be.