Smart D&A 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 D&A Engineering
Largest movements
- Cash +€255,691
up €255,691 (+946.5%), from €27,013 to €282,704
mainly Net result for the year (+€233,612) and Tax, wage and social debts (+€164,097)
- Receivables within one year +€218,487
up €218,487 (+115.5%), from €189,227 to €407,714
- Deferred charges and accrued income +€27,082
up €27,082 (+205.1%), from €13,205 to €40,287
- Tangible fixed assets +€15,117
new in 2025: €15,117
of which Furniture and vehicles: +€11,007
- Profit (loss) carried forward +€233,613
up €233,613 (+257.4%), from €90,751 to €324,364
- Tax, wage and social debts +€164,097
up €164,097 (+456.1%), from €35,978 to €200,075
of which Taxes: +€109,956
- Trade debts +€120,150
up €120,150 (+118.6%), from €101,289 to €221,439
- Gross operating margin +€438,429
up €438,429 (+327.4%), from €133,928 to €572,357
- Staff costs +€242,957
up €242,957 (+1406.3%), from €17,276 to €260,233
- Taxes +€51,011
up €51,011 (+209.2%), from €24,382 to €75,393
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 | €233,018 | €750,976 | +€517,958 | +222.3% |
| Fixed assets | 21/28 | €3,573 | €20,271 | +€16,698 | +467.3% |
| Intangible fixed assets | 21 | €1,548 | €1,178 | -€370 | -23.9% |
| Tangible fixed assets | 22/27 | - | €15,117 | +€15,117 | |
| Furniture and vehicles | 24 | - | €11,007 | +€11,007 | |
| Other tangible fixed assets | 26 | - | €4,110 | +€4,110 | |
| Financial fixed assets | 28 | €2,025 | €3,976 | +€1,951 | +96.3% |
| Current assets | 29/58 | €229,445 | €730,705 | +€501,260 | +218.5% |
| Amounts receivable within one year | 40/41 | €189,227 | €407,714 | +€218,487 | +115.5% |
| Trade receivables | 40 | €189,227 | €407,714 | +€218,487 | +115.5% |
| Cash at bank and in hand | 54/58 | €27,013 | €282,704 | +€255,691 | +946.5% |
| Deferred charges and accrued income | 490/1 | €13,205 | €40,287 | +€27,082 | +205.1% |
| Total equity and liabilities | 10/49 | €233,018 | €750,976 | +€517,958 | +222.3% |
| Equity | 10/15 | €95,751 | €329,364 | +€233,613 | +244.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,751 | €324,364 | +€233,613 | +257.4% |
| Amounts payable | 17/49 | €137,267 | €421,612 | +€284,345 | +207.1% |
| Amounts payable within one year | 42/48 | €137,267 | €421,612 | +€284,345 | +207.1% |
| Trade debts | 44 | €101,289 | €221,439 | +€120,150 | +118.6% |
| Suppliers | 440/4 | €101,289 | €221,439 | +€120,150 | +118.6% |
| Taxes, remuneration and social security | 45 | €35,978 | €200,075 | +€164,097 | +456.1% |
| Taxes | 450/3 | €33,843 | €143,799 | +€109,956 | +324.9% |
| Remuneration and social security | 454/9 | €2,135 | €56,276 | +€54,141 | +2535.9% |
| Other amounts payable | 47/48 | - | €98 | +€98 | |
| Remuneration, social security and pensions | 62 | €17,276 | €260,233 | +€242,957 | +1406.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,515 | €1,966 | +€451 | +29.8% |
| Gross operating margin | 9900 | €133,928 | €572,357 | +€438,429 | +327.4% |
| Operating profit (loss) | 9901 | €115,137 | €310,158 | +€195,021 | +169.4% |
| Financial income | 75/76B | - | €69 | +€69 | |
| Recurring financial income | 75 | - | €69 | +€69 | |
| Financial charges | 65/66B | €4 | €1,222 | +€1,218 | +30450.0% |
| Recurring financial charges | 65 | €4 | €1,222 | +€1,218 | +30450.0% |
| Profit (loss) for the period before taxes | 9903 | €115,133 | €309,005 | +€193,872 | +168.4% |
| Income taxes | 67/77 | €24,382 | €75,393 | +€51,011 | +209.2% |
| Profit (loss) for the period | 9904 | €90,751 | €233,612 | +€142,861 | +157.4% |
| Profit (loss) for the period to be appropriated | 9905 | €90,751 | €233,612 | +€142,861 | +157.4% |
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.