SMART POWER: 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.
SMART POWER
Largest movements
- Cash +€234,590
up €234,590 (+296.0%), from €79,243 to €313,834
mainly Receivables within one year (+€224,829) and Debts after one year (+€150,000)
- Receivables within one year -€224,829
down €224,829 (-63.2%), from €355,807 to €130,978
of which Other amounts receivable: -€200,554
- Current investments -€115,082
no longer reported in 2025 (was €115,082)
- Receivables after one year +€88,334
new in 2025: €88,334
- Tangible fixed assets -€6,838
down €6,838 (-37.2%), from €18,387 to €11,549
- Debts after one year +€150,000
new in 2025: €150,000
- Profit (loss) carried forward -€125,605
down €125,605 (-29.0%), from €433,233 to €307,627
- Tax, wage and social debts -€98,942
down €98,942 (-73.9%), from €133,920 to €34,978
- Other debts +€50,000
new in 2025: €50,000
- Gross operating margin -€219,044
down €219,044 (-72.8%), from €300,715 to €81,671
- Financial charges +€210,335
up €210,335 (+30014.9%), from €701 to €211,036
of which Non-recurring financial charges: +€209,402
- Taxes -€48,184
down €48,184 (-68.0%), from €70,884 to €22,699
- Financial income +€27,170
up €27,170 (+385.6%), from €7,046 to €34,216
of which Non-recurring financial income: +€27,226
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 | €575,553 | €549,370 | -€26,183 | -4.5% |
| Fixed assets | 21/28 | €18,387 | €11,549 | -€6,838 | -37.2% |
| Tangible fixed assets | 22/27 | €18,387 | €11,549 | -€6,838 | -37.2% |
| Furniture and vehicles | 24 | €18,387 | €11,549 | -€6,838 | -37.2% |
| Current assets | 29/58 | €557,166 | €537,821 | -€19,345 | -3.5% |
| Amounts receivable after more than one year | 29 | - | €88,334 | +€88,334 | |
| Other amounts receivable | 291 | - | €88,334 | +€88,334 | |
| Amounts receivable within one year | 40/41 | €355,807 | €130,978 | -€224,829 | -63.2% |
| Trade receivables | 40 | €65,807 | €41,532 | -€24,275 | -36.9% |
| Other amounts receivable | 41 | €290,000 | €89,446 | -€200,554 | -69.2% |
| Current investments | 50/53 | €115,082 | - | -€115,082 | |
| Cash at bank and in hand | 54/58 | €79,243 | €313,834 | +€234,590 | +296.0% |
| Deferred charges and accrued income | 490/1 | €7,035 | €4,676 | -€2,359 | -33.5% |
| Total equity and liabilities | 10/49 | €575,553 | €549,370 | -€26,183 | -4.5% |
| Equity | 10/15 | €438,233 | €312,627 | -€125,605 | -28.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €433,233 | €307,627 | -€125,605 | -29.0% |
| Amounts payable | 17/49 | €137,320 | €236,743 | +€99,422 | +72.4% |
| Amounts payable after more than one year | 17 | - | €150,000 | +€150,000 | |
| Financial debts | 170/4 | - | €150,000 | +€150,000 | |
| Amounts payable within one year | 42/48 | €134,840 | €86,343 | -€48,497 | -36.0% |
| Trade debts | 44 | €920 | €1,365 | +€446 | +48.4% |
| Suppliers | 440/4 | €920 | €1,365 | +€446 | +48.4% |
| Taxes, remuneration and social security | 45 | €133,920 | €34,978 | -€98,942 | -73.9% |
| Taxes | 450/3 | €133,920 | €34,978 | -€98,942 | -73.9% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €2,481 | €400 | -€2,081 | -83.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,838 | €6,838 | = | 0.0% |
| Other operating charges | 640/8 | €1,168 | €919 | -€250 | -21.4% |
| Gross operating margin | 9900 | €300,715 | €81,671 | -€219,044 | -72.8% |
| Operating profit (loss) | 9901 | €292,709 | €73,914 | -€218,795 | -74.7% |
| Financial income | 75/76B | €7,046 | €34,216 | +€27,170 | +385.6% |
| Recurring financial income | 75 | €7,046 | €6,990 | -€57 | -0.8% |
| Non-recurring financial income | 76B | - | €27,226 | +€27,226 | |
| Financial charges | 65/66B | €701 | €211,036 | +€210,335 | +30014.9% |
| Recurring financial charges | 65 | €701 | €1,634 | +€934 | +133.2% |
| Non-recurring financial charges | 66B | - | €209,402 | +€209,402 | |
| Profit (loss) for the period before taxes | 9903 | €299,054 | -€102,906 | -€401,960 | |
| Income taxes | 67/77 | €70,884 | €22,699 | -€48,184 | -68.0% |
| Profit (loss) for the period | 9904 | €228,171 | -€125,605 | -€353,776 | |
| Profit (loss) for the period to be appropriated | 9905 | €228,171 | -€125,605 | -€353,776 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.