SMART ENERGIES: 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 ENERGIES
Largest movements
- Receivables within one year +€49,765
up €49,765 (+311%), from €16,026 to €65,791
of which Trade receivables: +€49,143
- Cash +€20,470
up €20,470 (+399%), from €5,135 to €25,605
mainly Trade debts (+€52,879) and Net result for the year (+€12,113)
- Tangible fixed assets -€6,936
down €6,936 (-32.1%), from €21,632 to €14,696
of which Furniture and vehicles: -€4,650
- Trade debts +€52,879
up €52,879 (+123%), from €42,983 to €95,862
- Profit (loss) carried forward +€12,113
up €12,113 (+10.3%), from -€118,151 to -€106,038
- Gross operating margin +€30,447
up €30,447, from -€10,885 to €19,561
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,007 | €118,493 | +€64,486 | +119% |
| Fixed assets | 21/28 | €26,806 | €20,370 | -€6,436 | -24.0% |
| Tangible fixed assets | 22/27 | €21,632 | €14,696 | -€6,936 | -32.1% |
| Plant, machinery and equipment | 23 | €7,057 | €4,770 | -€2,286 | -32.4% |
| Furniture and vehicles | 24 | €14,575 | €9,925 | -€4,650 | -31.9% |
| Financial fixed assets | 28 | €5,174 | €5,674 | +€500 | +9.7% |
| Current assets | 29/58 | €27,201 | €98,122 | +€70,922 | +261% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,026 | €65,791 | +€49,765 | +311% |
| Trade receivables | 40 | €15,447 | €64,590 | +€49,143 | +318% |
| Other amounts receivable | 41 | €579 | €1,202 | +€623 | +107% |
| Cash at bank and in hand | 54/58 | €5,135 | €25,605 | +€20,470 | +399% |
| Deferred charges and accrued income | 490/1 | €1,039 | €1,726 | +€686 | +66.0% |
| Total equity and liabilities | 10/49 | €54,007 | €118,493 | +€64,486 | +119% |
| Equity | 10/15 | -€56,151 | -€44,038 | +€12,113 | +21.6% |
| Contributions | 10/11 | €62,000 | €62,000 | -€0 | 0.0% |
| Capital | 10 | €62,000 | €62,000 | -€0 | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€118,151 | -€106,038 | +€12,113 | +10.3% |
| Amounts payable | 17/49 | €110,158 | €162,531 | +€52,373 | +47.5% |
| Amounts payable within one year | 42/48 | €110,158 | €162,531 | +€52,373 | +47.5% |
| Trade debts | 44 | €42,983 | €95,862 | +€52,879 | +123% |
| Suppliers | 440/4 | €42,983 | €95,862 | +€52,879 | +123% |
| Taxes, remuneration and social security | 45 | €140 | €180 | +€40 | +28.9% |
| Taxes | 450/3 | €140 | €180 | +€40 | +28.9% |
| Other amounts payable | 47/48 | €67,035 | €66,489 | -€546 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,898 | €6,936 | +€38 | +0.5% |
| Other operating charges | 640/8 | €487 | €500 | +€12 | +2.5% |
| Gross operating margin | 9900 | -€10,885 | €19,561 | +€30,447 | |
| Operating profit (loss) | 9901 | -€18,271 | €12,126 | +€30,396 | |
| Financial income | 75/76B | €169 | €267 | +€99 | +58.5% |
| Recurring financial income | 75 | €169 | €267 | +€99 | +58.5% |
| Financial charges | 65/66B | €55 | €101 | +€46 | +84.3% |
| Recurring financial charges | 65 | €55 | €101 | +€46 | +84.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,156 | €12,293 | +€30,449 | |
| Income taxes | 67/77 | €140 | €180 | +€40 | +28.9% |
| Profit (loss) for the period | 9904 | -€18,296 | €12,113 | +€30,409 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,296 | €12,113 | +€30,409 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.