SMART INDUSTRIES: what changed
Two fiscal 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.
What changed
SMART INDUSTRIES
NACE 70.200, Business and other management consultancy
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€3.3m
2023 · €3.0m+€333,422
Equity
€37.3m
2023 · €34.0m+€3.3m
Cash
€1.6m
2023 · €2.2m-€554,136
Balance sheet total
€44.6m
2023 · €39.8m+€4.8m
Largest movements
Assets
- Financial fixed assets +€2.9m
up €2.9m (+9.7%), from €29.8m to €32.7m
- Receivables within one year +€2.5m
up €2.5m (+37.6%), from €6.7m to €9.2m
of which Other amounts receivable: +€3.2m
- Cash -€554,136
down €554,136 (-25.2%), from €2.2m to €1.6m
mainly Investment in fixed assets (net) (-€2.9m) and Receivables within one year (-€2.5m)
Equity and liabilities
- Reserves +€3.0m
up €3.0m (+13.0%), from €23.0m to €26.0m
of which Distributable reserves: +€3.0m
- Other debts +€2.6m
up €2.6m (+140.7%), from €1.9m to €4.5m
- Debts after one year -€1.1m
down €1.1m (-36.0%), from €3.0m to €1.9m
of which Other amounts payable: -€564,950
Income statement
- Financial income +€336,637
up €336,637 (+10.9%), from €3.1m to €3.4m
- Services and other goods -€129,645
down €129,645 (-15.0%), from €862,661 to €733,016
- Turnover -€115,746
down €115,746 (-10.3%), from €1.1m to €1.0m
- Financial charges +€26,433
up €26,433 (+21.1%), from €125,560 to €151,993
From the 2023 result to the 2024 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.
Result 2023
€3.0m
Turnover
-€115,746
Other operating income
+€10,026
Services and other goods
+€129,645
Staff costs
-€6,419
Depreciation
+€4,686
Other operating charges
+€1,300
Other operating items
-€274
Financial income
+€336,637
Financial charges
-€26,433
Result 2024
€3.3m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€3.4m
Investment
-€2.9m
Financing
-€1.1m
Cash 2023
€2.2m
From operations (derived)
+€3.4m
Net result for the year
+€3.3m
Depreciation
+€49,338
Receivables within one year
-€2.5m
Smaller working-capital items
-€3,464
Trade debts
-€95,907
Other debts
+€2.6m
Accrued charges and deferred income
+€83,425
Investment (derived)
-€2.9m
Investment in fixed assets (net)
-€2.9m
Current investments
-€15,900
Financing
-€1.1m
Debts after one year
-€1.1m
Current portion of long-term debt
-€8,863
Short-term financial debts
+€95
Cash 2024
€1.6m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,797,077 | €44,624,336 | +€4.8m | +12.1% |
| Fixed assets | 21/28 | €30,739,840 | €33,580,971 | +€2.8m | +9.2% |
| Intangible fixed assets | 21 | €274,625 | €240,243 | -€34,382 | -12.5% |
| Tangible fixed assets | 22/27 | €675,706 | €666,219 | -€9,487 | -1.4% |
| Land and buildings | 22 | €656,571 | €666,219 | +€9,648 | +1.5% |
| Leasing and similar rights | 25 | €19,135 | - | -€19,135 | |
| Financial fixed assets | 28 | €29,789,509 | €32,674,509 | +€2.9m | +9.7% |
| Affiliated companies | 280/1 | €29,789,509 | €32,674,509 | +€2.9m | +9.7% |
| Participating interests | 280 | €28,689,509 | €31,574,509 | +€2.9m | +10.1% |
| Amounts receivable | 281 | €1,100,000 | €1,100,000 | = | 0.0% |
| Current assets | 29/58 | €9,057,237 | €11,043,365 | +€2.0m | +21.9% |
| Amounts receivable within one year | 40/41 | €6,717,197 | €9,240,317 | +€2.5m | +37.6% |
| Trade receivables | 40 | €1,348,010 | €673,393 | -€674,617 | -50.0% |
| Other amounts receivable | 41 | €5,369,187 | €8,566,924 | +€3.2m | +59.6% |
| Current investments | 50/53 | €141,110 | €157,010 | +€15,900 | +11.3% |
| Other investments | 51/53 | €141,110 | €157,010 | +€15,900 | +11.3% |
| Cash at bank and in hand | 54/58 | €2,198,146 | €1,644,010 | -€554,136 | -25.2% |
| Deferred charges and accrued income | 490/1 | €784 | €2,028 | +€1,244 | +158.7% |
| Total equity and liabilities | 10/49 | €39,797,077 | €44,624,336 | +€4.8m | +12.1% |
| Equity | 10/15 | €34,023,984 | €37,338,476 | +€3.3m | +9.7% |
| Contributions | 10/11 | €10,000,000 | €10,000,000 | = | 0.0% |
| Capital | 10 | €10,000,000 | €10,000,000 | = | 0.0% |
| Issued capital | 100 | €10,000,000 | €10,000,000 | = | 0.0% |
| Reserves | 13 | €23,000,000 | €26,000,000 | +€3.0m | +13.0% |
| Non-distributable reserves | 130/1 | €1,000,000 | €1,000,000 | = | 0.0% |
| Legal reserve | 130 | €1,000,000 | €1,000,000 | = | 0.0% |
| Distributable reserves | 133 | €22,000,000 | €25,000,000 | +€3.0m | +13.6% |
| Profit (loss) carried forward | 14 | €1,023,984 | €1,338,476 | +€314,492 | +30.7% |
| Amounts payable | 17/49 | €5,773,093 | €7,285,860 | +€1.5m | +26.2% |
| Amounts payable after more than one year | 17 | €3,016,704 | €1,929,349 | -€1.1m | -36.0% |
| Financial debts | 170/4 | €2,451,754 | €1,929,349 | -€522,405 | -21.3% |
| Leasing and similar obligations | 172 | €3,551 | - | -€3,551 | |
| Credit institutions | 173 | €2,448,203 | €1,929,349 | -€518,854 | -21.2% |
| Other amounts payable | 178/9 | €564,950 | - | -€564,950 | |
| Amounts payable within one year | 42/48 | €2,609,484 | €5,126,181 | +€2.5m | +96.4% |
| Current portion of amounts payable after more than one year | 42 | €527,717 | €518,854 | -€8,863 | -1.7% |
| Financial debts | 43 | €13,428 | €13,524 | +€95 | +0.7% |
| Other loans | 439 | €13,428 | €13,524 | +€95 | +0.7% |
| Trade debts | 44 | €166,044 | €70,136 | -€95,907 | -57.8% |
| Suppliers | 440/4 | €166,044 | €70,136 | -€95,907 | -57.8% |
| Taxes, remuneration and social security | 45 | €37,345 | €35,125 | -€2,219 | -5.9% |
| Taxes | 450/3 | €7,549 | €7,748 | +€199 | +2.6% |
| Remuneration and social security | 454/9 | €29,795 | €27,377 | -€2,418 | -8.1% |
| Other amounts payable | 47/48 | €1,864,950 | €4,488,541 | +€2.6m | +140.7% |
| Accrued charges and deferred income | 492/3 | €146,905 | €230,330 | +€83,425 | +56.8% |
| Operating income | 70/76A | €1,135,132 | €1,029,412 | -€105,721 | -9.3% |
| Turnover | 70 | €1,118,715 | €1,002,968 | -€115,746 | -10.3% |
| Other operating income | 74 | €16,418 | €26,443 | +€10,026 | +61.1% |
| Operating charges | 60/66A | €1,115,380 | €986,441 | -€128,938 | -11.6% |
| Services and other goods | 61 | €862,661 | €733,016 | -€129,645 | -15.0% |
| Remuneration, social security and pensions | 62 | €188,957 | €195,376 | +€6,419 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,024 | €49,338 | -€4,686 | -8.7% |
| Other operating charges | 640/8 | €9,738 | €8,438 | -€1,300 | -13.4% |
| Non-recurring operating charges | 66A | - | €274 | +€274 | |
| Operating profit (loss) | 9901 | €19,753 | €42,971 | +€23,218 | +117.5% |
| Financial income | 75/76B | €3,086,877 | €3,423,514 | +€336,637 | +10.9% |
| Recurring financial income | 75 | €3,086,877 | €3,423,514 | +€336,637 | +10.9% |
| Income from financial fixed assets | 750 | €2,967,891 | €3,339,801 | +€371,910 | +12.5% |
| Income from current assets | 751 | €73,113 | €59,446 | -€13,667 | -18.7% |
| Other financial income | 752/9 | €45,873 | €24,267 | -€21,606 | -47.1% |
| Financial charges | 65/66B | €125,560 | €151,993 | +€26,433 | +21.1% |
| Recurring financial charges | 65 | €125,560 | €151,993 | +€26,433 | +21.1% |
| Debt charges | 650 | €79,255 | €137,368 | +€58,113 | +73.3% |
| Other financial charges | 652/9 | €46,305 | €14,625 | -€31,680 | -68.4% |
| Profit (loss) for the period before taxes | 9903 | €2,981,070 | €3,314,492 | +€333,422 | +11.2% |
| Profit (loss) for the period | 9904 | €2,981,070 | €3,314,492 | +€333,422 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,981,070 | €3,314,492 | +€333,422 | +11.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.