SmartProperty Immo & Projectontwikkeling: what changed
SmartProperty Immo & Projectontwikkeling
Largest movements
- Receivables within one year -€26,463
down €26,463 (-20.1%), from €131,592 to €105,129
of which Other amounts receivable: -€27,749
- Receivables after one year +€4,788
up €4,788 (+12.7%), from €37,627 to €42,415
- Cash +€2,110
up €2,110 (+2,124%), from €99 to €2,210
mainly Receivables within one year (+€26,463) and Depreciation (+€3,961)
- Tangible fixed assets -€1,992
down €1,992 (-8.0%), from €24,862 to €22,870
of which Furniture and vehicles: -€2,993
- Reserves -€23,638
down €23,638 (-13.1%), from €180,627 to €156,989
of which Distributable reserves: -€23,638
- Trade debts +€2,819
up €2,819 (+166%), from €1,702 to €4,521
- Gross operating margin -€22,744
down €22,744 (-546%), from -€4,163 to -€26,906
- Financial income -€1,280
down €1,280 (-14.2%), from €9,036 to €7,756
- Other operating charges -€988
down €988 (-68.1%), from €1,449 to €462
- Depreciation -€335
down €335 (-7.8%), from €4,296 to €3,961
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €195,497 | €174,108 | -€21,389 | -10.9% |
| Fixed assets | 21/28 | €24,862 | €22,870 | -€1,992 | -8.0% |
| Tangible fixed assets | 22/27 | €24,862 | €22,870 | -€1,992 | -8.0% |
| Land and buildings | 22 | €8,376 | €7,741 | -€635 | -7.6% |
| Plant, machinery and equipment | 23 | €0 | €1,636 | +€1,636 | |
| Furniture and vehicles | 24 | €16,486 | €13,493 | -€2,993 | -18.2% |
| Current assets | 29/58 | €170,635 | €151,238 | -€19,397 | -11.4% |
| Amounts receivable after more than one year | 29 | €37,627 | €42,415 | +€4,788 | +12.7% |
| Other amounts receivable | 291 | €37,627 | €42,415 | +€4,788 | +12.7% |
| Amounts receivable within one year | 40/41 | €131,592 | €105,129 | -€26,463 | -20.1% |
| Trade receivables | 40 | €930 | €2,215 | +€1,286 | +138% |
| Other amounts receivable | 41 | €130,662 | €102,914 | -€27,749 | -21.2% |
| Cash at bank and in hand | 54/58 | €99 | €2,210 | +€2,110 | +2,124% |
| Deferred charges and accrued income | 490/1 | €1,317 | €1,485 | +€168 | +12.7% |
| Total equity and liabilities | 10/49 | €195,497 | €174,108 | -€21,389 | -10.9% |
| Equity | 10/15 | €193,027 | €169,389 | -€23,638 | -12.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €180,627 | €156,989 | -€23,638 | -13.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €178,767 | €155,129 | -€23,638 | -13.2% |
| Amounts payable | 17/49 | €2,470 | €4,719 | +€2,249 | +91.1% |
| Amounts payable within one year | 42/48 | €2,470 | €4,719 | +€2,249 | +91.1% |
| Trade debts | 44 | €1,702 | €4,521 | +€2,819 | +166% |
| Suppliers | 440/4 | €1,702 | €4,521 | +€2,819 | +166% |
| Taxes, remuneration and social security | 45 | €768 | €198 | -€570 | -74.2% |
| Taxes | 450/3 | €768 | €198 | -€570 | -74.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,296 | €3,961 | -€335 | -7.8% |
| Other operating charges | 640/8 | €1,449 | €462 | -€988 | -68.1% |
| Gross operating margin | 9900 | -€4,163 | -€26,906 | -€22,744 | -546% |
| Operating profit (loss) | 9901 | -€9,908 | -€31,329 | -€21,421 | -216% |
| Financial income | 75/76B | €9,036 | €7,756 | -€1,280 | -14.2% |
| Recurring financial income | 75 | €9,036 | €7,756 | -€1,280 | -14.2% |
| Financial charges | 65/66B | €71 | €65 | -€6 | -8.7% |
| Recurring financial charges | 65 | €71 | €65 | -€6 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | -€944 | -€23,638 | -€22,695 | -2,405% |
| Profit (loss) for the period | 9904 | -€944 | -€23,638 | -€22,695 | -2,405% |
| Profit (loss) for the period to be appropriated | 9905 | -€944 | -€23,638 | -€22,695 | -2,405% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.