SMART METERING & CONSULT: 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 METERING & CONSULT
Largest movements
- Receivables within one year +€15,800
up €15,800 (+51.0%), from €30,988 to €46,787
of which Other amounts receivable: +€9,457
- Cash -€14,304
down €14,304 (-54.4%), from €26,278 to €11,975
mainly Contributions, distributions and other (-€33,140) and Receivables within one year (-€15,800)
- Tangible fixed assets -€1,202
down €1,202 (-5.4%), from €22,184 to €20,982
- Reserves -€7,782
down €7,782 (-90.8%), from €8,570 to €788
of which Distributable reserves: -€7,782
- Trade debts +€5,268
up €5,268 (+212%), from €2,482 to €7,750
- Debts after one year +€3,822
up €3,822 (+27.2%), from €14,071 to €17,893
- Current portion of long-term debt -€1,242
down €1,242 (-14.3%), from €8,682 to €7,440
- Gross operating margin -€54,357
down €54,357 (-53.6%), from €101,450 to €47,092
- Taxes -€12,667
down €12,667 (-71.5%), from €17,710 to €5,042
- Depreciation +€5,761
up €5,761 (+78.0%), from €7,383 to €13,144
- Other operating charges -€2,177
down €2,177 (-51.3%), from €4,245 to €2,069
- Write-downs -€2,172
no longer reported in 2025 (was €2,172)
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 | €80,675 | €80,969 | +€294 | +0.4% |
| Fixed assets | 21/28 | €23,409 | €22,207 | -€1,202 | -5.1% |
| Tangible fixed assets | 22/27 | €22,184 | €20,982 | -€1,202 | -5.4% |
| Furniture and vehicles | 24 | €22,184 | €20,982 | -€1,202 | -5.4% |
| Financial fixed assets | 28 | €1,225 | €1,225 | = | 0.0% |
| Current assets | 29/58 | €57,266 | €58,762 | +€1,496 | +2.6% |
| Amounts receivable within one year | 40/41 | €30,988 | €46,787 | +€15,800 | +51.0% |
| Trade receivables | 40 | €5,998 | €12,341 | +€6,343 | +106% |
| Other amounts receivable | 41 | €24,990 | €34,446 | +€9,457 | +37.8% |
| Cash at bank and in hand | 54/58 | €26,278 | €11,975 | -€14,304 | -54.4% |
| Total equity and liabilities | 10/49 | €80,675 | €80,969 | +€294 | +0.4% |
| Equity | 10/15 | €27,170 | €19,388 | -€7,782 | -28.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,570 | €788 | -€7,782 | -90.8% |
| Non-distributable reserves | 130/1 | €788 | €788 | = | 0.0% |
| Reserves not available under the articles | 1311 | €788 | €788 | = | 0.0% |
| Distributable reserves | 133 | €7,782 | - | -€7,782 | |
| Amounts payable | 17/49 | €53,505 | €61,581 | +€8,076 | +15.1% |
| Amounts payable after more than one year | 17 | €14,071 | €17,893 | +€3,822 | +27.2% |
| Financial debts | 170/4 | €14,071 | €17,893 | +€3,822 | +27.2% |
| Amounts payable within one year | 42/48 | €39,434 | €43,688 | +€4,254 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €8,682 | €7,440 | -€1,242 | -14.3% |
| Trade debts | 44 | €2,482 | €7,750 | +€5,268 | +212% |
| Suppliers | 440/4 | €2,482 | €7,750 | +€5,268 | +212% |
| Taxes, remuneration and social security | 45 | €28,270 | €28,498 | +€228 | +0.8% |
| Taxes | 450/3 | €28,270 | €28,498 | +€228 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,383 | €13,144 | +€5,761 | +78.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,172 | - | -€2,172 | |
| Other operating charges | 640/8 | €4,245 | €2,069 | -€2,177 | -51.3% |
| Non-recurring operating charges | 66A | €8,250 | - | -€8,250 | |
| Gross operating margin | 9900 | €101,450 | €47,092 | -€54,357 | -53.6% |
| Operating profit (loss) | 9901 | €79,398 | €31,879 | -€47,519 | -59.8% |
| Financial charges | 65/66B | €1,560 | €1,479 | -€81 | -5.2% |
| Recurring financial charges | 65 | €1,560 | €1,479 | -€81 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €77,839 | €30,400 | -€47,439 | -60.9% |
| Income taxes | 67/77 | €17,710 | €5,042 | -€12,667 | -71.5% |
| Profit (loss) for the period | 9904 | €60,129 | €25,358 | -€34,771 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,129 | €25,358 | -€34,771 | -57.8% |
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 27 October 2026 via checked.be.