SMARTUUP: 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.
SMARTUUP
Largest movements
- Tangible fixed assets +€55,020
up €55,020 (+10629.5%), from €518 to €55,538
of which Leasing and similar rights: +€53,387
- Receivables within one year +€22,952
up €22,952 (+354.6%), from €6,473 to €29,425
of which Trade receivables: +€22,943
- Deferred charges and accrued income +€1,337
new in 2025: €1,337
- Debts after one year +€29,715
new in 2025: €29,715
- Profit (loss) carried forward +€22,884
up €22,884 (+826.8%), from €2,768 to €25,652
- Other debts +€18,815
up €18,815 (+1450.7%), from €1,297 to €20,111
- Current portion of long-term debt +€7,206
new in 2025: €7,206
- Gross operating margin +€23,202
up €23,202, from -€2,508 to €20,695
- Depreciation +€6,023
up €6,023 (+1093.9%), from €551 to €6,574
- Financial charges +€911
up €911 (+1903.7%), from €48 to €959
- Other operating charges +€621
up €621 (+178.7%), from €348 to €968
- Taxes +€592
new in 2025: €592
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,169 | €87,791 | +€78,622 | +857.5% |
| Fixed assets | 21/28 | €518 | €55,538 | +€55,020 | +10629.5% |
| Tangible fixed assets | 22/27 | €518 | €55,538 | +€55,020 | +10629.5% |
| Furniture and vehicles | 24 | €518 | €2,152 | +€1,634 | +315.7% |
| Leasing and similar rights | 25 | - | €53,387 | +€53,387 | |
| Current assets | 29/58 | €8,652 | €32,253 | +€23,601 | +272.8% |
| Amounts receivable within one year | 40/41 | €6,473 | €29,425 | +€22,952 | +354.6% |
| Trade receivables | 40 | €6,473 | €29,416 | +€22,943 | +354.4% |
| Other amounts receivable | 41 | - | €9 | +€9 | |
| Cash at bank and in hand | 54/58 | €2,179 | €1,491 | -€688 | -31.6% |
| Deferred charges and accrued income | 490/1 | - | €1,337 | +€1,337 | |
| Total equity and liabilities | 10/49 | €9,169 | €87,791 | +€78,622 | +857.5% |
| Equity | 10/15 | €3,768 | €26,652 | +€22,884 | +607.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,768 | €25,652 | +€22,884 | +826.8% |
| Amounts payable | 17/49 | €5,401 | €61,139 | +€55,738 | +1031.9% |
| Amounts payable after more than one year | 17 | - | €29,715 | +€29,715 | |
| Financial debts | 170/4 | - | €29,715 | +€29,715 | |
| Amounts payable within one year | 42/48 | €4,981 | €31,424 | +€26,443 | +530.8% |
| Current portion of amounts payable after more than one year | 42 | - | €7,206 | +€7,206 | |
| Trade debts | 44 | €889 | €789 | -€99 | -11.2% |
| Suppliers | 440/4 | €889 | €789 | -€99 | -11.2% |
| Taxes, remuneration and social security | 45 | €2,796 | €3,317 | +€522 | +18.7% |
| Taxes | 450/3 | €2,563 | €3,317 | +€754 | +29.4% |
| Remuneration and social security | 454/9 | €232 | €0 | -€232 | -100.0% |
| Other amounts payable | 47/48 | €1,297 | €20,111 | +€18,815 | +1450.7% |
| Accrued charges and deferred income | 492/3 | €420 | - | -€420 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €551 | €6,574 | +€6,023 | +1093.9% |
| Other operating charges | 640/8 | €348 | €968 | +€621 | +178.7% |
| Gross operating margin | 9900 | -€2,508 | €20,695 | +€23,202 | |
| Operating profit (loss) | 9901 | -€3,406 | €13,152 | +€16,558 | |
| Financial charges | 65/66B | €48 | €959 | +€911 | +1903.7% |
| Recurring financial charges | 65 | €48 | €959 | +€911 | +1903.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,454 | €12,193 | +€15,647 | |
| Income taxes | 67/77 | - | €592 | +€592 | |
| Profit (loss) for the period | 9904 | -€3,454 | €11,601 | +€15,055 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,454 | €11,601 | +€15,055 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.