SMART CLIMATE: 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 CLIMATE
Largest movements
- Cash +€115,821
up €115,821 (+120.9%), from €95,826 to €211,647
mainly Advances received (+€192,793) and Receivables within one year (+€26,691)
- Stocks and contracts +€66,121
up €66,121 (+220.4%), from €30,000 to €96,121
- Receivables within one year -€26,691
down €26,691 (-42.1%), from €63,366 to €36,675
of which Other amounts receivable: -€17,851
- Tangible fixed assets -€7,901
down €7,901 (-22.9%), from €34,544 to €26,643
of which Furniture and vehicles: -€7,898
- Advances received +€192,793
up €192,793, from €0 to €192,793
- Reserves -€20,877
down €20,877 (-10.9%), from €190,877 to €170,000
- Profit (loss) carried forward -€12,083
down €12,083, from €0 to -€12,083
- Accrued charges and deferred income -€9,228
down €9,228 (-100.0%), from €9,228 to €0
- Contributions -€6,200
down €6,200 (-33.3%), from €18,600 to €12,400
- Gross operating margin -€42,044
down €42,044, from €28,061 to -€13,982
- Taxes -€2,241
down €2,241 (-94.1%), from €2,382 to €141
- Other operating charges +€1,530
up €1,530 (+260.1%), from €588 to €2,118
- Financial charges -€922
down €922 (-38.4%), from €2,403 to €1,482
- Staff costs +€659
up €659 (+18.7%), from €3,527 to €4,186
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 | €230,849 | €379,328 | +€148,478 | +64.3% |
| Fixed assets | 21/28 | €38,957 | €31,056 | -€7,901 | -20.3% |
| Tangible fixed assets | 22/27 | €34,544 | €26,643 | -€7,901 | -22.9% |
| Plant, machinery and equipment | 23 | €7,172 | €7,169 | -€2 | 0.0% |
| Furniture and vehicles | 24 | €27,372 | €19,474 | -€7,898 | -28.9% |
| Financial fixed assets | 28 | €4,413 | €4,413 | = | 0.0% |
| Current assets | 29/58 | €191,892 | €348,272 | +€156,379 | +81.5% |
| Stocks and contracts in progress | 3 | €30,000 | €96,121 | +€66,121 | +220.4% |
| Stocks | 30/36 | €30,000 | €96,121 | +€66,121 | +220.4% |
| Amounts receivable within one year | 40/41 | €63,366 | €36,675 | -€26,691 | -42.1% |
| Trade receivables | 40 | €8,840 | €0 | -€8,840 | -100.0% |
| Other amounts receivable | 41 | €54,526 | €36,675 | -€17,851 | -32.7% |
| Cash at bank and in hand | 54/58 | €95,826 | €211,647 | +€115,821 | +120.9% |
| Deferred charges and accrued income | 490/1 | €2,701 | €3,828 | +€1,128 | +41.8% |
| Total equity and liabilities | 10/49 | €230,849 | €379,328 | +€148,478 | +64.3% |
| Equity | 10/15 | €209,477 | €170,317 | -€39,161 | -18.7% |
| Contributions | 10/11 | €18,600 | €12,400 | -€6,200 | -33.3% |
| Reserves | 13 | €190,877 | €170,000 | -€20,877 | -10.9% |
| Distributable reserves | 133 | €190,877 | €170,000 | -€20,877 | -10.9% |
| Profit (loss) carried forward | 14 | €0 | -€12,083 | -€12,083 | |
| Amounts payable | 17/49 | €21,372 | €209,011 | +€187,639 | +878.0% |
| Amounts payable within one year | 42/48 | €12,144 | €209,011 | +€196,867 | +1621.1% |
| Trade debts | 44 | €164 | €4,809 | +€4,644 | +2824.0% |
| Suppliers | 440/4 | €164 | €4,809 | +€4,644 | +2824.0% |
| Advances received on contracts in progress | 46 | €0 | €192,793 | +€192,793 | |
| Taxes, remuneration and social security | 45 | €11,117 | €11,409 | +€292 | +2.6% |
| Taxes | 450/3 | €10,460 | €10,781 | +€321 | +3.1% |
| Remuneration and social security | 454/9 | €657 | €627 | -€29 | -4.5% |
| Other amounts payable | 47/48 | €862 | - | -€862 | |
| Accrued charges and deferred income | 492/3 | €9,228 | €0 | -€9,228 | -100.0% |
| Remuneration, social security and pensions | 62 | €3,527 | €4,186 | +€659 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,387 | €11,863 | +€475 | +4.2% |
| Other operating charges | 640/8 | €588 | €2,118 | +€1,530 | +260.1% |
| Gross operating margin | 9900 | €28,061 | -€13,982 | -€42,044 | |
| Operating profit (loss) | 9901 | €12,559 | -€32,150 | -€44,708 | |
| Financial income | 75/76B | €238 | €811 | +€574 | +241.3% |
| Recurring financial income | 75 | €238 | €811 | +€574 | +241.3% |
| Financial charges | 65/66B | €2,403 | €1,482 | -€922 | -38.4% |
| Recurring financial charges | 65 | €2,403 | €1,482 | -€922 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €10,393 | -€32,820 | -€43,213 | |
| Income taxes | 67/77 | €2,382 | €141 | -€2,241 | -94.1% |
| Profit (loss) for the period | 9904 | €8,011 | -€32,961 | -€40,972 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,011 | -€32,961 | -€40,972 |
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 11 October 2026 via checked.be.