SMART ENERGY TECHNICS: 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 ENERGY TECHNICS
Largest movements
- Receivables within one year -€83,444
down €83,444 (-56.7%), from €147,137 to €63,693
of which Trade receivables: -€55,875
- Cash +€49,908
up €49,908 (+18.5%), from €269,125 to €319,033
mainly Receivables within one year (+€83,444) and Net result for the year (+€49,421)
- Tangible fixed assets -€9,029
down €9,029 (-25.8%), from €35,018 to €25,990
of which Furniture and vehicles: -€6,434
- Trade debts -€44,860
down €44,860 (-58.8%), from €76,308 to €31,448
- Reserves +€34,421
up €34,421 (+10.2%), from €337,521 to €371,942
of which Distributable reserves: +€34,421
- Other debts -€16,800
no longer reported in 2025 (was €16,800)
- Debts after one year -€10,113
down €10,113 (-59.3%), from €17,053 to €6,940
- Gross operating margin -€50,368
down €50,368 (-27.3%), from €184,519 to €134,150
- Staff costs +€25,457
up €25,457 (+82.7%), from €30,794 to €56,251
- Taxes -€18,270
down €18,270 (-51.2%), from €35,708 to €17,437
- Depreciation +€3,923
up €3,923 (+76.8%), from €5,106 to €9,029
- Write-downs -€2,595
no longer reported in 2025 (was €2,595)
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 | €471,620 | €431,580 | -€40,039 | -8.5% |
| Fixed assets | 21/28 | €35,018 | €25,990 | -€9,029 | -25.8% |
| Tangible fixed assets | 22/27 | €35,018 | €25,990 | -€9,029 | -25.8% |
| Plant, machinery and equipment | 23 | €5,435 | €2,840 | -€2,595 | -47.8% |
| Furniture and vehicles | 24 | €29,584 | €23,150 | -€6,434 | -21.7% |
| Current assets | 29/58 | €436,601 | €405,591 | -€31,011 | -7.1% |
| Stocks and contracts in progress | 3 | €19,919 | €22,444 | +€2,526 | +12.7% |
| Stocks | 30/36 | €19,919 | €22,444 | +€2,526 | +12.7% |
| Amounts receivable within one year | 40/41 | €147,137 | €63,693 | -€83,444 | -56.7% |
| Trade receivables | 40 | €105,667 | €49,792 | -€55,875 | -52.9% |
| Other amounts receivable | 41 | €41,470 | €13,901 | -€27,569 | -66.5% |
| Cash at bank and in hand | 54/58 | €269,125 | €319,033 | +€49,908 | +18.5% |
| Deferred charges and accrued income | 490/1 | €420 | €420 | = | 0.0% |
| Total equity and liabilities | 10/49 | €471,620 | €431,580 | -€40,039 | -8.5% |
| Equity | 10/15 | €343,721 | €378,142 | +€34,421 | +10.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €337,521 | €371,942 | +€34,421 | +10.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €335,661 | €370,082 | +€34,421 | +10.3% |
| Amounts payable | 17/49 | €127,899 | €53,438 | -€74,460 | -58.2% |
| Amounts payable after more than one year | 17 | €17,053 | €6,940 | -€10,113 | -59.3% |
| Financial debts | 170/4 | €17,053 | €6,940 | -€10,113 | -59.3% |
| Amounts payable within one year | 42/48 | €110,846 | €46,498 | -€64,348 | -58.1% |
| Current portion of amounts payable after more than one year | 42 | €9,766 | €10,113 | +€346 | +3.5% |
| Trade debts | 44 | €76,308 | €31,448 | -€44,860 | -58.8% |
| Suppliers | 440/4 | €76,308 | €31,448 | -€44,860 | -58.8% |
| Taxes, remuneration and social security | 45 | €7,972 | €4,937 | -€3,034 | -38.1% |
| Taxes | 450/3 | €7,200 | €4,937 | -€2,263 | -31.4% |
| Remuneration and social security | 454/9 | €772 | - | -€772 | |
| Other amounts payable | 47/48 | €16,800 | - | -€16,800 | |
| Remuneration, social security and pensions | 62 | €30,794 | €56,251 | +€25,457 | +82.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,106 | €9,029 | +€3,923 | +76.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,595 | - | -€2,595 | |
| Other operating charges | 640/8 | €714 | €849 | +€136 | +19.0% |
| Gross operating margin | 9900 | €184,519 | €134,150 | -€50,368 | -27.3% |
| Operating profit (loss) | 9901 | €145,311 | €68,021 | -€77,290 | -53.2% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €1,111 | €1,166 | +€55 | +4.9% |
| Recurring financial charges | 65 | €1,111 | €1,166 | +€55 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €144,199 | €66,859 | -€77,341 | -53.6% |
| Income taxes | 67/77 | €35,708 | €17,437 | -€18,270 | -51.2% |
| Profit (loss) for the period | 9904 | €108,492 | €49,421 | -€59,071 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €108,492 | €49,421 | -€59,071 | -54.4% |
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 28 October 2026 via checked.be.