SMARTVAC: 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.
SMARTVAC
Largest movements
- Tangible fixed assets -€15,655
down €15,655 (-5.6%), from €278,316 to €262,662
of which Land and buildings: -€10,485
- Deferred charges and accrued income -€11,241
down €11,241 (-99.5%), from €11,297 to €56
- Receivables within one year +€4,773
up €4,773 (+237%), from €2,017 to €6,790
of which Trade receivables: +€5,957
- Debts after one year -€18,605
no longer reported in 2025 (was €18,605)
- Other debts -€10,056
down €10,056 (-6.6%), from €151,330 to €141,274
- Profit (loss) carried forward +€4,955
up €4,955 (+5.9%), from €83,534 to €88,489
- Financial charges -€1,007
down €1,007 (-37.7%), from €2,669 to €1,662
- Taxes +€944
up €944 (+98.6%), from €958 to €1,902
- Depreciation -€749
down €749 (-4.2%), from €17,839 to €17,090
- Gross operating margin +€742
up €742 (+2.7%), from €27,369 to €28,110
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 | €299,387 | €274,468 | -€24,919 | -8.3% |
| Fixed assets | 21/28 | €278,566 | €262,912 | -€15,655 | -5.6% |
| Tangible fixed assets | 22/27 | €278,316 | €262,662 | -€15,655 | -5.6% |
| Land and buildings | 22 | €268,681 | €258,195 | -€10,485 | -3.9% |
| Plant, machinery and equipment | 23 | €1,431 | €1,190 | -€241 | -16.8% |
| Furniture and vehicles | 24 | €7,884 | €3,020 | -€4,864 | -61.7% |
| Other tangible fixed assets | 26 | €321 | €257 | -€64 | -20.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €20,820 | €11,556 | -€9,264 | -44.5% |
| Stocks and contracts in progress | 3 | €3,210 | €1,593 | -€1,617 | -50.4% |
| Stocks | 30/36 | €3,210 | €1,593 | -€1,617 | -50.4% |
| Amounts receivable within one year | 40/41 | €2,017 | €6,790 | +€4,773 | +237% |
| Trade receivables | 40 | €822 | €6,779 | +€5,957 | +725% |
| Other amounts receivable | 41 | €1,195 | €11 | -€1,184 | -99.1% |
| Cash at bank and in hand | 54/58 | €4,297 | €3,117 | -€1,179 | -27.4% |
| Deferred charges and accrued income | 490/1 | €11,297 | €56 | -€11,241 | -99.5% |
| Total equity and liabilities | 10/49 | €299,387 | €274,468 | -€24,919 | -8.3% |
| Equity | 10/15 | €103,994 | €108,949 | +€4,955 | +4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,534 | €88,489 | +€4,955 | +5.9% |
| Amounts payable | 17/49 | €195,393 | €165,519 | -€29,874 | -15.3% |
| Amounts payable after more than one year | 17 | €18,605 | - | -€18,605 | |
| Financial debts | 170/4 | €18,605 | - | -€18,605 | |
| Amounts payable within one year | 42/48 | €176,788 | €165,519 | -€11,269 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €19,878 | €18,605 | -€1,273 | -6.4% |
| Trade debts | 44 | €3,835 | €1,352 | -€2,483 | -64.8% |
| Suppliers | 440/4 | €3,835 | €1,352 | -€2,483 | -64.8% |
| Taxes, remuneration and social security | 45 | €1,744 | €4,289 | +€2,544 | +146% |
| Taxes | 450/3 | €1,744 | €4,289 | +€2,544 | +146% |
| Other amounts payable | 47/48 | €151,330 | €141,274 | -€10,056 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,839 | €17,090 | -€749 | -4.2% |
| Other operating charges | 640/8 | €2,505 | €2,501 | -€4 | -0.1% |
| Gross operating margin | 9900 | €27,369 | €28,110 | +€742 | +2.7% |
| Operating profit (loss) | 9901 | €7,024 | €8,519 | +€1,494 | +21.3% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €2,669 | €1,662 | -€1,007 | -37.7% |
| Recurring financial charges | 65 | €2,669 | €1,662 | -€1,007 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €4,364 | €6,857 | +€2,493 | +57.1% |
| Income taxes | 67/77 | €958 | €1,902 | +€944 | +98.6% |
| Profit (loss) for the period | 9904 | €3,406 | €4,955 | +€1,549 | +45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,406 | €4,955 | +€1,549 | +45.5% |
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 14 October 2026 via checked.be.