SMART AND EASY: 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.
SMART AND EASY
Largest movements
- Receivables within one year -€197,004
down €197,004 (-63.9%), from €308,170 to €111,166
of which Trade receivables: -€125,643
- Intangible fixed assets +€77,367
up €77,367 (+5.5%), from €1.4m to €1.5m
- Cash +€60,498
up €60,498 (+30.2%), from €200,155 to €260,653
mainly Depreciation (+€520,569) and Current portion of long-term debt (+€264,779)
- Debts after one year -€276,717
down €276,717 (-28.7%), from €964,217 to €687,500
- Current portion of long-term debt +€264,779
up €264,779 (+177%), from €149,782 to €414,561
- Profit (loss) carried forward +€172,965
up €172,965 (+22.3%), from -€776,711 to -€603,746
- Investment grants -€168,118
down €168,118 (-34.7%), from €484,628 to €316,510
- Accrued charges and deferred income -€31,510
down €31,510 (-9.5%), from €333,291 to €301,781
- Gross operating margin +€284,468
up €284,468 (+24.0%), from €1.2m to €1.5m
- Staff costs -€177,060
down €177,060 (-16.9%), from €1.0m to €868,269
- Depreciation +€109,874
up €109,874 (+26.8%), from €410,695 to €520,569
- Financial income +€26,613
up €26,613 (+18.7%), from €142,055 to €168,668
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,953,739 | €1,883,399 | -€70,340 | -3.6% |
| Fixed assets | 21/28 | €1,428,802 | €1,502,275 | +€73,473 | +5.1% |
| Intangible fixed assets | 21 | €1,410,522 | €1,487,889 | +€77,367 | +5.5% |
| Tangible fixed assets | 22/27 | €9,964 | €6,070 | -€3,894 | -39.1% |
| Furniture and vehicles | 24 | €9,964 | €6,070 | -€3,894 | -39.1% |
| Financial fixed assets | 28 | €8,316 | €8,316 | = | 0.0% |
| Current assets | 29/58 | €524,937 | €381,124 | -€143,813 | -27.4% |
| Amounts receivable within one year | 40/41 | €308,170 | €111,166 | -€197,004 | -63.9% |
| Trade receivables | 40 | €236,469 | €110,826 | -€125,643 | -53.1% |
| Other amounts receivable | 41 | €71,701 | €340 | -€71,361 | -99.5% |
| Cash at bank and in hand | 54/58 | €200,155 | €260,653 | +€60,498 | +30.2% |
| Deferred charges and accrued income | 490/1 | €16,612 | €9,305 | -€7,307 | -44.0% |
| Total equity and liabilities | 10/49 | €1,953,739 | €1,883,399 | -€70,340 | -3.6% |
| Equity | 10/15 | €332,349 | €337,196 | +€4,847 | +1.5% |
| Contributions | 10/11 | €623,583 | €623,583 | = | 0.0% |
| Capital | 10 | €116,304 | €116,304 | = | 0.0% |
| Issued capital | 100 | €116,304 | €116,304 | = | 0.0% |
| Contributions outside capital | 11 | €507,279 | €507,279 | = | 0.0% |
| Share premium | 1100/10 | €507,279 | €507,279 | = | 0.0% |
| Reserves | 13 | €849 | €849 | = | 0.0% |
| Non-distributable reserves | 130/1 | €442 | €442 | = | 0.0% |
| Legal reserve | 130 | €442 | €442 | = | 0.0% |
| Distributable reserves | 133 | €406 | €406 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€776,711 | -€603,746 | +€172,965 | +22.3% |
| Investment grants | 15 | €484,628 | €316,510 | -€168,118 | -34.7% |
| Amounts payable | 17/49 | €1,621,390 | €1,546,203 | -€75,187 | -4.6% |
| Amounts payable after more than one year | 17 | €964,217 | €687,500 | -€276,717 | -28.7% |
| Financial debts | 170/4 | €964,217 | €687,500 | -€276,717 | -28.7% |
| Amounts payable within one year | 42/48 | €323,882 | €556,922 | +€233,040 | +72.0% |
| Current portion of amounts payable after more than one year | 42 | €149,782 | €414,561 | +€264,779 | +177% |
| Trade debts | 44 | €44,950 | €39,065 | -€5,885 | -13.1% |
| Suppliers | 440/4 | €44,950 | €39,065 | -€5,885 | -13.1% |
| Taxes, remuneration and social security | 45 | €129,150 | €103,296 | -€25,854 | -20.0% |
| Taxes | 450/3 | €45,256 | €25,574 | -€19,682 | -43.5% |
| Remuneration and social security | 454/9 | €83,894 | €77,722 | -€6,172 | -7.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €333,291 | €301,781 | -€31,510 | -9.5% |
| Non-recurring operating income | 76A | €0 | €7,195 | +€7,195 | |
| Remuneration, social security and pensions | 62 | €1,045,329 | €868,269 | -€177,060 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €410,695 | €520,569 | +€109,874 | +26.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,869 | -€233 | -€9,102 | |
| Other operating charges | 640/8 | €2,610 | €3,854 | +€1,244 | +47.7% |
| Gross operating margin | 9900 | €1,186,613 | €1,471,081 | +€284,468 | +24.0% |
| Operating profit (loss) | 9901 | -€280,890 | €78,621 | +€359,511 | |
| Financial income | 75/76B | €142,055 | €168,668 | +€26,613 | +18.7% |
| Recurring financial income | 75 | €142,055 | €168,668 | +€26,613 | +18.7% |
| Financial charges | 65/66B | €70,881 | €73,915 | +€3,034 | +4.3% |
| Recurring financial charges | 65 | €70,881 | €73,915 | +€3,034 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | -€209,716 | €173,375 | +€383,090 | |
| Income taxes | 67/77 | €634 | €410 | -€224 | -35.4% |
| Profit (loss) for the period | 9904 | -€210,350 | €172,965 | +€383,315 | |
| Profit (loss) for the period to be appropriated | 9905 | -€210,350 | €172,965 | +€383,315 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.