Smarteco Construction: 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.
Smarteco Construction
Largest movements
- Cash +€642
up €642 (+51.5%), from €1,246 to €1,888
mainly Other debts (+€7,807) and Depreciation (+€542)
- Tangible fixed assets -€307
down €307 (-39.8%), from €772 to €465
- Formation expenses -€234
down €234 (-95.5%), from €245 to €11
- Other debts +€7,807
up €7,807 (+653%), from €1,196 to €9,003
- Trade debts -€5,657
down €5,657 (-87.1%), from €6,498 to €841
- Profit (loss) carried forward -€2,051
down €2,051 (-173%), from -€1,184 to -€3,235
- Staff costs +€4,000
no longer reported in 2025 (was -€4,000)
- Financial charges +€3,541
up €3,541 (+339%), from €1,044 to €4,585
of which Non-recurring financial charges: +€3,846
- Gross operating margin +€2,678
up €2,678 (+374%), from €717 to €3,395
- Other operating charges -€1,249
down €1,249 (-74.9%), from €1,667 to €418
- Financial income +€74
up €74 (+296%), from €25 to €99
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 | €14,613 | €14,712 | +€99 | +0.7% |
| Formation expenses | 20 | €245 | €11 | -€234 | -95.5% |
| Fixed assets | 21/28 | €772 | €465 | -€307 | -39.8% |
| Tangible fixed assets | 22/27 | €772 | €465 | -€307 | -39.8% |
| Furniture and vehicles | 24 | €772 | €465 | -€307 | -39.8% |
| Current assets | 29/58 | €13,596 | €14,236 | +€640 | +4.7% |
| Amounts receivable within one year | 40/41 | €12,350 | €12,348 | -€2 | 0.0% |
| Trade receivables | 40 | €9,994 | €9,610 | -€384 | -3.8% |
| Other amounts receivable | 41 | €2,356 | €2,738 | +€382 | +16.2% |
| Cash at bank and in hand | 54/58 | €1,246 | €1,888 | +€642 | +51.5% |
| Total equity and liabilities | 10/49 | €14,613 | €14,712 | +€99 | +0.7% |
| Equity | 10/15 | €5,816 | €3,765 | -€2,051 | -35.3% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,184 | -€3,235 | -€2,051 | -173% |
| Amounts payable | 17/49 | €8,797 | €10,947 | +€2,150 | +24.4% |
| Amounts payable within one year | 42/48 | €8,797 | €10,947 | +€2,150 | +24.4% |
| Trade debts | 44 | €6,498 | €841 | -€5,657 | -87.1% |
| Suppliers | 440/4 | €6,498 | €841 | -€5,657 | -87.1% |
| Taxes, remuneration and social security | 45 | €1,103 | €1,103 | = | 0.0% |
| Taxes | 450/3 | €1,103 | €1,103 | = | 0.0% |
| Other amounts payable | 47/48 | €1,196 | €9,003 | +€7,807 | +653% |
| Remuneration, social security and pensions | 62 | -€4,000 | - | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €541 | €542 | +€1 | +0.2% |
| Other operating charges | 640/8 | €1,667 | €418 | -€1,249 | -74.9% |
| Gross operating margin | 9900 | €717 | €3,395 | +€2,678 | +374% |
| Operating profit (loss) | 9901 | €2,509 | €2,435 | -€74 | -2.9% |
| Financial income | 75/76B | €25 | €99 | +€74 | +296% |
| Recurring financial income | 75 | €25 | €99 | +€74 | +296% |
| Financial charges | 65/66B | €1,044 | €4,585 | +€3,541 | +339% |
| Recurring financial charges | 65 | €1,044 | €739 | -€305 | -29.2% |
| Non-recurring financial charges | 66B | - | €3,846 | +€3,846 | |
| Profit (loss) for the period before taxes | 9903 | €1,490 | -€2,051 | -€3,541 | |
| Income taxes | 67/77 | €39 | - | -€39 | |
| Profit (loss) for the period | 9904 | €1,451 | -€2,051 | -€3,502 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,451 | -€2,051 | -€3,502 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.