SMARTDOOR: 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.
SMARTDOOR
Largest movements
- Receivables within one year +€14,520
up €14,520 (+13.4%), from €108,420 to €122,940
- Tangible fixed assets -€8,833
down €8,833 (-39.6%), from €22,329 to €13,495
of which Furniture and vehicles: -€7,989
- Cash +€1,934
up €1,934 (+48.1%), from €4,020 to €5,954
mainly Net result for the year (+€27,110) and Depreciation (+€8,833)
- Reserves +€26,277
up €26,277 (+30.8%), from €85,329 to €111,606
- Other debts -€6,655
down €6,655 (-78.9%), from €8,433 to €1,778
- Tax, wage and social debts -€6,398
down €6,398 (-41.2%), from €15,517 to €9,119
of which Remuneration and social security: -€6,849
- Current portion of long-term debt -€6,357
no longer reported in 2025 (was €6,357)
- Gross operating margin -€4,652
down €4,652 (-8.2%), from €56,413 to €51,761
- Taxes -€1,118
down €1,118 (-7.1%), from €15,698 to €14,580
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 | €134,769 | €142,389 | +€7,621 | +5.7% |
| Fixed assets | 21/28 | €22,329 | €13,495 | -€8,833 | -39.6% |
| Tangible fixed assets | 22/27 | €22,329 | €13,495 | -€8,833 | -39.6% |
| Furniture and vehicles | 24 | €15,854 | €7,865 | -€7,989 | -50.4% |
| Other tangible fixed assets | 26 | €6,475 | €5,630 | -€845 | -13.0% |
| Current assets | 29/58 | €112,440 | €128,894 | +€16,454 | +14.6% |
| Amounts receivable within one year | 40/41 | €108,420 | €122,940 | +€14,520 | +13.4% |
| Trade receivables | 40 | €108,420 | €122,940 | +€14,520 | +13.4% |
| Cash at bank and in hand | 54/58 | €4,020 | €5,954 | +€1,934 | +48.1% |
| Total equity and liabilities | 10/49 | €134,769 | €142,389 | +€7,621 | +5.7% |
| Equity | 10/15 | €103,929 | €130,206 | +€26,277 | +25.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,329 | €111,606 | +€26,277 | +30.8% |
| Distributable reserves | 133 | €85,329 | €111,606 | +€26,277 | +30.8% |
| Amounts payable | 17/49 | €30,840 | €12,184 | -€18,656 | -60.5% |
| Amounts payable within one year | 42/48 | €30,840 | €12,184 | -€18,656 | -60.5% |
| Current portion of amounts payable after more than one year | 42 | €6,357 | - | -€6,357 | |
| Trade debts | 44 | €533 | €1,287 | +€754 | +141.5% |
| Suppliers | 440/4 | €533 | €1,287 | +€754 | +141.5% |
| Taxes, remuneration and social security | 45 | €15,517 | €9,119 | -€6,398 | -41.2% |
| Taxes | 450/3 | €8,668 | €9,119 | +€451 | +5.2% |
| Remuneration and social security | 454/9 | €6,849 | - | -€6,849 | |
| Other amounts payable | 47/48 | €8,433 | €1,778 | -€6,655 | -78.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,939 | €8,833 | -€106 | -1.2% |
| Other operating charges | 640/8 | €1,112 | €1,146 | +€34 | +3.1% |
| Gross operating margin | 9900 | €56,413 | €51,761 | -€4,652 | -8.2% |
| Operating profit (loss) | 9901 | €46,363 | €41,782 | -€4,581 | -9.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €524 | €92 | -€432 | -82.4% |
| Recurring financial charges | 65 | €524 | €92 | -€432 | -82.4% |
| Profit (loss) for the period before taxes | 9903 | €45,839 | €41,690 | -€4,149 | -9.1% |
| Income taxes | 67/77 | €15,698 | €14,580 | -€1,118 | -7.1% |
| Profit (loss) for the period | 9904 | €30,141 | €27,110 | -€3,031 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,141 | €27,110 | -€3,031 | -10.1% |
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 8 October 2026 via checked.be.