Smart Eco Projects: 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 Eco Projects
Largest movements
- Tangible fixed assets +€641,397
up €641,397 (+18.1%), from €3.6m to €4.2m
- Stocks and contracts -€119,053
down €119,053 (-100.0%), from €119,053 to €0
- Profit (loss) carried forward -€470,844
down €470,844 (-502.2%), from -€93,753 to -€564,596
- Debts after one year +€438,029
up €438,029 (+16.8%), from €2.6m to €3.0m
- Other debts +€297,316
up €297,316 (+22.8%), from €1.3m to €1.6m
- Trade debts +€122,857
up €122,857 (+22.3%), from €551,567 to €674,424
- Gross operating margin -€350,066
down €350,066, from €182,057 to -€168,009
- Staff costs -€118,107
down €118,107 (-99.7%), from €118,522 to €414
- Depreciation +€102,360
up €102,360 (+164.0%), from €62,425 to €164,785
- Financial charges +€57,478
up €57,478 (+160.4%), from €35,836 to €93,314
- Other operating charges +€45,108
up €45,108 (+6200.6%), from €727 to €45,835
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 | €4,534,611 | €4,986,608 | +€451,997 | +10.0% |
| Fixed assets | 21/28 | €4,052,467 | €4,693,856 | +€641,390 | +15.8% |
| Tangible fixed assets | 22/27 | €3,552,048 | €4,193,445 | +€641,397 | +18.1% |
| Land and buildings | 22 | €3,552,048 | €4,193,445 | +€641,397 | +18.1% |
| Financial fixed assets | 28 | €500,418 | €500,411 | -€7 | 0.0% |
| Current assets | 29/58 | €482,144 | €292,752 | -€189,392 | -39.3% |
| Stocks and contracts in progress | 3 | €119,053 | €0 | -€119,053 | -100.0% |
| Contracts in progress | 37 | €119,053 | €0 | -€119,053 | -100.0% |
| Amounts receivable within one year | 40/41 | €314,737 | €287,380 | -€27,356 | -8.7% |
| Trade receivables | 40 | €224,414 | €224,414 | = | 0.0% |
| Other amounts receivable | 41 | €90,323 | €62,966 | -€27,356 | -30.3% |
| Cash at bank and in hand | 54/58 | €35,777 | €535 | -€35,242 | -98.5% |
| Deferred charges and accrued income | 490/1 | €12,577 | €4,837 | -€7,741 | -61.5% |
| Total equity and liabilities | 10/49 | €4,534,611 | €4,986,608 | +€451,997 | +10.0% |
| Equity | 10/15 | -€75,153 | -€545,996 | -€470,844 | -626.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,753 | -€564,596 | -€470,844 | -502.2% |
| Amounts payable | 17/49 | €4,609,763 | €5,532,604 | +€922,841 | +20.0% |
| Amounts payable after more than one year | 17 | €2,600,567 | €3,038,596 | +€438,029 | +16.8% |
| Financial debts | 170/4 | €2,600,567 | €3,038,596 | +€438,029 | +16.8% |
| Amounts payable within one year | 42/48 | €1,998,452 | €2,481,475 | +€483,023 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €143,927 | €185,184 | +€41,257 | +28.7% |
| Financial debts | 43 | - | €18,368 | +€18,368 | |
| Credit institutions | 430/8 | - | €18,368 | +€18,368 | |
| Trade debts | 44 | €551,567 | €674,424 | +€122,857 | +22.3% |
| Suppliers | 440/4 | €551,567 | €674,424 | +€122,857 | +22.3% |
| Taxes, remuneration and social security | 45 | €517 | €3,742 | +€3,225 | +624.3% |
| Taxes | 450/3 | €517 | €3,742 | +€3,225 | +624.3% |
| Other amounts payable | 47/48 | €1,302,442 | €1,599,758 | +€297,316 | +22.8% |
| Accrued charges and deferred income | 492/3 | €10,744 | €12,533 | +€1,789 | +16.7% |
| Remuneration, social security and pensions | 62 | €118,522 | €414 | -€118,107 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,425 | €164,785 | +€102,360 | +164.0% |
| Other operating charges | 640/8 | €727 | €45,835 | +€45,108 | +6200.6% |
| Gross operating margin | 9900 | €182,057 | -€168,009 | -€350,066 | |
| Operating profit (loss) | 9901 | €383 | -€379,044 | -€379,426 | |
| Financial income | 75/76B | €637 | €1,514 | +€876 | +137.6% |
| Recurring financial income | 75 | €637 | €1,514 | +€876 | +137.6% |
| Financial charges | 65/66B | €35,836 | €93,314 | +€57,478 | +160.4% |
| Recurring financial charges | 65 | €35,836 | €93,314 | +€57,478 | +160.4% |
| Profit (loss) for the period before taxes | 9903 | -€34,816 | -€470,844 | -€436,028 | -1252.4% |
| Income taxes | 67/77 | €375 | €0 | -€375 | -100.0% |
| Profit (loss) for the period | 9904 | -€35,191 | -€470,844 | -€435,653 | -1238.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,191 | -€470,844 | -€435,653 | -1238.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.