SMART and Green Engineering: 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 Green Engineering
Largest movements
- Cash +€93,338
up €93,338 (+121%), from €76,987 to €170,326
mainly Net result for the year (+€178,671) and Other debts (+€169,412)
- Receivables within one year +€14,781
up €14,781 (+21.9%), from €67,517 to €82,298
of which Trade receivables: +€14,781
- Tangible fixed assets +€14,685
up €14,685 (+17.8%), from €82,367 to €97,052
of which Other tangible fixed assets: +€16,575
- Other debts +€169,412
up €169,412 (+640%), from €26,471 to €195,882
- Reserves -€17,211
down €17,211 (-11.7%), from €146,822 to €129,611
- Trade debts -€10,972
down €10,972 (-69.0%), from €15,902 to €4,930
- Current portion of long-term debt -€9,476
down €9,476 (-74.8%), from €12,669 to €3,193
- Tax, wage and social debts -€5,003
down €5,003 (-34.3%), from €14,588 to €9,586
- Gross operating margin +€75,829
up €75,829 (+41.1%), from €184,698 to €260,527
- Taxes +€16,921
up €16,921 (+43.5%), from €38,917 to €55,838
- Depreciation +€5,112
up €5,112 (+25.4%), from €20,105 to €25,217
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 | €227,144 | €350,701 | +€123,557 | +54.4% |
| Fixed assets | 21/28 | €82,367 | €97,052 | +€14,685 | +17.8% |
| Tangible fixed assets | 22/27 | €82,367 | €97,052 | +€14,685 | +17.8% |
| Plant, machinery and equipment | 23 | €2,665 | €5,390 | +€2,725 | +102% |
| Furniture and vehicles | 24 | €34,993 | €30,378 | -€4,615 | -13.2% |
| Other tangible fixed assets | 26 | €44,709 | €61,284 | +€16,575 | +37.1% |
| Current assets | 29/58 | €144,778 | €253,650 | +€108,872 | +75.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €67,517 | €82,298 | +€14,781 | +21.9% |
| Trade receivables | 40 | €67,517 | €82,298 | +€14,781 | +21.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €76,987 | €170,326 | +€93,338 | +121% |
| Deferred charges and accrued income | 490/1 | €274 | €1,026 | +€752 | +275% |
| Total equity and liabilities | 10/49 | €227,144 | €350,701 | +€123,557 | +54.4% |
| Equity | 10/15 | €154,322 | €137,111 | -€17,211 | -11.2% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €146,822 | €129,611 | -€17,211 | -11.7% |
| Distributable reserves | 133 | €146,822 | €129,611 | -€17,211 | -11.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €72,823 | €213,591 | +€140,768 | +193% |
| Amounts payable after more than one year | 17 | €3,193 | €0 | -€3,193 | -100% |
| Financial debts | 170/4 | €3,193 | €0 | -€3,193 | -100% |
| Amounts payable within one year | 42/48 | €69,630 | €213,591 | +€143,961 | +207% |
| Current portion of amounts payable after more than one year | 42 | €12,669 | €3,193 | -€9,476 | -74.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €15,902 | €4,930 | -€10,972 | -69.0% |
| Suppliers | 440/4 | €15,902 | €4,930 | -€10,972 | -69.0% |
| Taxes, remuneration and social security | 45 | €14,588 | €9,586 | -€5,003 | -34.3% |
| Taxes | 450/3 | €14,588 | €9,586 | -€5,003 | -34.3% |
| Other amounts payable | 47/48 | €26,471 | €195,882 | +€169,412 | +640% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,105 | €25,217 | +€5,112 | +25.4% |
| Other operating charges | 640/8 | €657 | €531 | -€125 | -19.1% |
| Gross operating margin | 9900 | €184,698 | €260,527 | +€75,829 | +41.1% |
| Operating profit (loss) | 9901 | €163,936 | €234,779 | +€70,842 | +43.2% |
| Financial income | 75/76B | €0 | €7 | +€7 | +5,308% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +5,308% |
| Financial charges | 65/66B | €533 | €277 | -€256 | -48.1% |
| Recurring financial charges | 65 | €533 | €277 | -€256 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | €163,403 | €234,509 | +€71,106 | +43.5% |
| Income taxes | 67/77 | €38,917 | €55,838 | +€16,921 | +43.5% |
| Profit (loss) for the period | 9904 | €124,486 | €178,671 | +€54,185 | +43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €124,486 | €178,671 | +€54,185 | +43.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.