SmartUp: 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.
SmartUp
Largest movements
- Tangible fixed assets +€8,005
up €8,005 (+90.1%), from €8,884 to €16,888
of which Furniture and vehicles: +€7,151
- Deferred charges and accrued income -€1,068
down €1,068 (-57.4%), from €1,859 to €792
- Formation expenses -€866
down €866 (-30.9%), from €2,808 to €1,942
- Stocks and contracts +€828
up €828 (+20.6%), from €4,023 to €4,851
- Profit (loss) carried forward +€10,364
up €10,364 (+62.6%), from €16,563 to €26,927
- Debts after one year -€4,082
down €4,082 (-66.4%), from €6,143 to €2,062
- Trade debts +€1,582
up €1,582 (+34.8%), from €4,541 to €6,123
- Tax, wage and social debts -€1,410
down €1,410 (-17.1%), from €8,242 to €6,832
of which Remuneration and social security: -€2,078
- Staff costs -€40,902
down €40,902 (-95.3%), from €42,898 to €1,996
- Gross operating margin -€32,027
down €32,027 (-55.8%), from €57,402 to €25,375
- Taxes +€1,731
up €1,731 (+139.6%), from €1,241 to €2,972
- Other operating charges +€786
up €786 (+14.5%), from €5,430 to €6,217
- Depreciation +€664
up €664 (+22.8%), from €2,909 to €3,572
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 | €39,716 | €46,225 | +€6,509 | +16.4% |
| Formation expenses | 20 | €2,808 | €1,942 | -€866 | -30.9% |
| Fixed assets | 21/28 | €11,670 | €19,675 | +€8,005 | +68.6% |
| Tangible fixed assets | 22/27 | €8,884 | €16,888 | +€8,005 | +90.1% |
| Plant, machinery and equipment | 23 | €2,435 | €2,452 | +€17 | +0.7% |
| Furniture and vehicles | 24 | - | €7,151 | +€7,151 | |
| Other tangible fixed assets | 26 | €6,448 | €7,285 | +€837 | +13.0% |
| Financial fixed assets | 28 | €2,787 | €2,787 | = | 0.0% |
| Current assets | 29/58 | €25,238 | €24,609 | -€629 | -2.5% |
| Stocks and contracts in progress | 3 | €4,023 | €4,851 | +€828 | +20.6% |
| Stocks | 30/36 | €4,023 | €4,851 | +€828 | +20.6% |
| Amounts receivable within one year | 40/41 | €2,018 | €1,709 | -€309 | -15.3% |
| Trade receivables | 40 | €659 | €698 | +€40 | +6.0% |
| Other amounts receivable | 41 | €1,360 | €1,011 | -€348 | -25.6% |
| Cash at bank and in hand | 54/58 | €17,337 | €17,257 | -€81 | -0.5% |
| Deferred charges and accrued income | 490/1 | €1,859 | €792 | -€1,068 | -57.4% |
| Total equity and liabilities | 10/49 | €39,716 | €46,225 | +€6,509 | +16.4% |
| Equity | 10/15 | €16,763 | €27,127 | +€10,364 | +61.8% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,563 | €26,927 | +€10,364 | +62.6% |
| Amounts payable | 17/49 | €22,953 | €19,098 | -€3,855 | -16.8% |
| Amounts payable after more than one year | 17 | €6,143 | €2,062 | -€4,082 | -66.4% |
| Financial debts | 170/4 | €6,143 | €2,062 | -€4,082 | -66.4% |
| Amounts payable within one year | 42/48 | €16,810 | €17,036 | +€227 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €4,027 | €4,082 | +€55 | +1.4% |
| Trade debts | 44 | €4,541 | €6,123 | +€1,582 | +34.8% |
| Suppliers | 440/4 | €4,541 | €6,123 | +€1,582 | +34.8% |
| Taxes, remuneration and social security | 45 | €8,242 | €6,832 | -€1,410 | -17.1% |
| Taxes | 450/3 | €5,915 | €6,582 | +€667 | +11.3% |
| Remuneration and social security | 454/9 | €2,328 | €250 | -€2,078 | -89.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €42,898 | €1,996 | -€40,902 | -95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,909 | €3,572 | +€664 | +22.8% |
| Other operating charges | 640/8 | €5,430 | €6,217 | +€786 | +14.5% |
| Gross operating margin | 9900 | €57,402 | €25,375 | -€32,027 | -55.8% |
| Operating profit (loss) | 9901 | €6,164 | €13,590 | +€7,426 | +120.5% |
| Financial income | 75/76B | €55 | €86 | +€31 | +56.5% |
| Recurring financial income | 75 | €55 | €86 | +€31 | +56.5% |
| Financial charges | 65/66B | €379 | €340 | -€39 | -10.2% |
| Recurring financial charges | 65 | €379 | €340 | -€39 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €5,840 | €13,336 | +€7,495 | +128.3% |
| Income taxes | 67/77 | €1,241 | €2,972 | +€1,731 | +139.6% |
| Profit (loss) for the period | 9904 | €4,600 | €10,364 | +€5,764 | +125.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,600 | €10,364 | +€5,764 | +125.3% |
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 1 October 2026 via checked.be.