SMARTUNIT DEVELOPMENT: 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.
SMARTUNIT DEVELOPMENT
Largest movements
- Cash +€854,022
up €854,022 (+461.5%), from €185,055 to €1.0m
mainly Short-term financial debts (+€787,260) and Net result for the year (+€772,186)
- Stocks and contracts +€455,737
up €455,737 (+45.7%), from €997,224 to €1.5m
- Receivables within one year +€452,345
up €452,345 (+75.8%), from €596,844 to €1.0m
of which Other amounts receivable: +€300,240
- Short-term financial debts +€787,260
new in 2025: €787,260
- Reserves +€772,186
up €772,186 (+169.5%), from €455,573 to €1.2m
- Accrued charges and deferred income +€305,434
up €305,434 (+3547.2%), from €8,610 to €314,045
- Provisions +€200,000
up €200,000 (+200.0%), from €100,000 to €300,000
- Other debts -€144,240
down €144,240 (-14.9%), from €969,266 to €825,026
- Gross operating margin +€620,595
up €620,595 (+78.5%), from €790,233 to €1.4m
- Taxes +€121,316
up €121,316 (+88.1%), from €137,706 to €259,022
- Provisions +€100,000
up €100,000 (+100.0%), from €100,000 to €200,000
- Depreciation +€48,102
up €48,102 (+63.5%), from €75,802 to €123,904
- Financial charges +€32,938
up €32,938 (+168.8%), from €19,511 to €52,449
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 | €2,325,445 | €4,086,964 | +€1.8m | +75.7% |
| Fixed assets | 21/28 | €514,644 | €510,591 | -€4,053 | -0.8% |
| Tangible fixed assets | 22/27 | €514,644 | €510,591 | -€4,053 | -0.8% |
| Plant, machinery and equipment | 23 | €104,731 | €157,061 | +€52,330 | +50.0% |
| Furniture and vehicles | 24 | €67,444 | €91,461 | +€24,017 | +35.6% |
| Leasing and similar rights | 25 | €342,469 | €262,069 | -€80,400 | -23.5% |
| Current assets | 29/58 | €1,810,801 | €3,576,373 | +€1.8m | +97.5% |
| Stocks and contracts in progress | 3 | €997,224 | €1,452,962 | +€455,737 | +45.7% |
| Stocks | 30/36 | €997,224 | €1,452,962 | +€455,737 | +45.7% |
| Amounts receivable within one year | 40/41 | €596,844 | €1,049,189 | +€452,345 | +75.8% |
| Trade receivables | 40 | €591,545 | €743,651 | +€152,106 | +25.7% |
| Other amounts receivable | 41 | €5,299 | €305,538 | +€300,240 | +5666.3% |
| Cash at bank and in hand | 54/58 | €185,055 | €1,039,077 | +€854,022 | +461.5% |
| Deferred charges and accrued income | 490/1 | €31,678 | €35,145 | +€3,467 | +10.9% |
| Total equity and liabilities | 10/49 | €2,325,445 | €4,086,964 | +€1.8m | +75.7% |
| Equity | 10/15 | €467,573 | €1,239,759 | +€772,186 | +165.1% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €455,573 | €1,227,759 | +€772,186 | +169.5% |
| Distributable reserves | 133 | €455,573 | €1,227,759 | +€772,186 | +169.5% |
| Provisions and deferred taxes | 16 | €100,000 | €300,000 | +€200,000 | +200.0% |
| Provisions for liabilities and charges | 160/5 | €100,000 | €300,000 | +€200,000 | +200.0% |
| Environmental obligations | 163 | €100,000 | €300,000 | +€200,000 | +200.0% |
| Amounts payable | 17/49 | €1,757,872 | €2,547,205 | +€789,333 | +44.9% |
| Amounts payable after more than one year | 17 | €302,981 | €235,182 | -€67,799 | -22.4% |
| Financial debts | 170/4 | €301,070 | €231,275 | -€69,795 | -23.2% |
| Other amounts payable | 178/9 | €1,910 | €3,907 | +€1,996 | +104.5% |
| Amounts payable within one year | 42/48 | €1,446,280 | €1,997,978 | +€551,698 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €67,279 | €72,683 | +€5,404 | +8.0% |
| Financial debts | 43 | - | €787,260 | +€787,260 | |
| Credit institutions | 430/8 | - | €787,260 | +€787,260 | |
| Trade debts | 44 | €393,187 | €312,256 | -€80,932 | -20.6% |
| Suppliers | 440/4 | €393,187 | €312,256 | -€80,932 | -20.6% |
| Taxes, remuneration and social security | 45 | €16,549 | €754 | -€15,795 | -95.4% |
| Taxes | 450/3 | €16,549 | €754 | -€15,795 | -95.4% |
| Other amounts payable | 47/48 | €969,266 | €825,026 | -€144,240 | -14.9% |
| Accrued charges and deferred income | 492/3 | €8,610 | €314,045 | +€305,434 | +3547.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,802 | €123,904 | +€48,102 | +63.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €100,000 | €200,000 | +€100,000 | +100.0% |
| Other operating charges | 640/8 | €1,641 | €3,267 | +€1,627 | +99.2% |
| Gross operating margin | 9900 | €790,233 | €1,410,828 | +€620,595 | +78.5% |
| Operating profit (loss) | 9901 | €612,790 | €1,083,657 | +€470,867 | +76.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €19,511 | €52,449 | +€32,938 | +168.8% |
| Recurring financial charges | 65 | €19,511 | €52,449 | +€32,938 | +168.8% |
| Profit (loss) for the period before taxes | 9903 | €593,279 | €1,031,207 | +€437,928 | +73.8% |
| Income taxes | 67/77 | €137,706 | €259,022 | +€121,316 | +88.1% |
| Profit (loss) for the period | 9904 | €455,573 | €772,186 | +€316,612 | +69.5% |
| Profit (loss) for the period to be appropriated | 9905 | €455,573 | €772,186 | +€316,612 | +69.5% |
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 29 September 2026 via checked.be.