Smart Project Solutions: what changed
Smart Project Solutions
Largest movements
- Receivables within one year -€84,236
down €84,236 (-27.1%), from €311,179 to €226,943
of which Other amounts receivable: -€62,327
- Tangible fixed assets +€48,570
up €48,570 (+20.6%), from €235,866 to €284,436
of which Land and buildings: +€57,875
- Deferred charges and accrued income +€15,431
up €15,431 (+3,923%), from €393 to €15,825
- Cash +€6,873
up €6,873 (+25.6%), from €26,839 to €33,712
mainly Receivables within one year (+€84,236) and Net result for the year (+€61,404)
- Reserves +€61,404
up €61,404 (+56.1%), from €109,427 to €170,831
- Debts after one year -€37,500
down €37,500 (-11.4%), from €328,125 to €290,625
- Other debts -€24,010
down €24,010 (-99.4%), from €24,162 to €152
- Contributions -€15,000
down €15,000 (-100%), from €15,000 to €0
- Accrued charges and deferred income -€6,561
down €6,561 (-100%), from €6,561 to €0
- Gross operating margin +€32,155
up €32,155 (+46.0%), from €69,960 to €102,115
- Taxes +€6,986
up €6,986 (+63.9%), from €10,940 to €17,925
- Financial charges +€6,581
up €6,581 (+231%), from €2,852 to €9,433
- Depreciation +€1,856
up €1,856 (+16.7%), from €11,094 to €12,950
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €574,278 | €560,916 | -€13,362 | -2.3% |
| Fixed assets | 21/28 | €235,866 | €284,436 | +€48,570 | +20.6% |
| Tangible fixed assets | 22/27 | €235,866 | €284,436 | +€48,570 | +20.6% |
| Land and buildings | 22 | €207,542 | €265,417 | +€57,875 | +27.9% |
| Plant, machinery and equipment | 23 | €3,619 | €3,232 | -€388 | -10.7% |
| Furniture and vehicles | 24 | €21,605 | €12,688 | -€8,917 | -41.3% |
| Other tangible fixed assets | 26 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €338,411 | €276,480 | -€61,932 | -18.3% |
| Amounts receivable within one year | 40/41 | €311,179 | €226,943 | -€84,236 | -27.1% |
| Trade receivables | 40 | €46,095 | €24,185 | -€21,909 | -47.5% |
| Other amounts receivable | 41 | €265,085 | €202,758 | -€62,327 | -23.5% |
| Cash at bank and in hand | 54/58 | €26,839 | €33,712 | +€6,873 | +25.6% |
| Deferred charges and accrued income | 490/1 | €393 | €15,825 | +€15,431 | +3,923% |
| Total equity and liabilities | 10/49 | €574,278 | €560,916 | -€13,362 | -2.3% |
| Equity | 10/15 | €163,325 | €209,729 | +€46,404 | +28.4% |
| Contributions | 10/11 | €15,000 | €0 | -€15,000 | -100% |
| Capital | 10 | €15,000 | - | -€15,000 | |
| Issued capital | 100 | €15,000 | - | -€15,000 | |
| Reserves | 13 | €109,427 | €170,831 | +€61,404 | +56.1% |
| Distributable reserves | 133 | €109,427 | €170,831 | +€61,404 | +56.1% |
| Profit (loss) carried forward | 14 | €38,898 | €38,898 | = | 0.0% |
| Amounts payable | 17/49 | €410,953 | €351,187 | -€59,766 | -14.5% |
| Amounts payable after more than one year | 17 | €328,125 | €290,625 | -€37,500 | -11.4% |
| Financial debts | 170/4 | €328,125 | €290,625 | -€37,500 | -11.4% |
| Amounts payable within one year | 42/48 | €76,267 | €60,562 | -€15,705 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €37,500 | €42,292 | +€4,792 | +12.8% |
| Trade debts | 44 | €133 | €5,290 | +€5,157 | +3,891% |
| Suppliers | 440/4 | €133 | €5,290 | +€5,157 | +3,891% |
| Taxes, remuneration and social security | 45 | €14,473 | €12,828 | -€1,644 | -11.4% |
| Taxes | 450/3 | €14,473 | €12,828 | -€1,644 | -11.4% |
| Other amounts payable | 47/48 | €24,162 | €152 | -€24,010 | -99.4% |
| Accrued charges and deferred income | 492/3 | €6,561 | €0 | -€6,561 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,094 | €12,950 | +€1,856 | +16.7% |
| Other operating charges | 640/8 | €381 | €403 | +€22 | +5.8% |
| Gross operating margin | 9900 | €69,960 | €102,115 | +€32,155 | +46.0% |
| Operating profit (loss) | 9901 | €58,485 | €88,762 | +€30,277 | +51.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,852 | €9,433 | +€6,581 | +231% |
| Recurring financial charges | 65 | €2,852 | €9,433 | +€6,581 | +231% |
| Profit (loss) for the period before taxes | 9903 | €55,633 | €79,329 | +€23,696 | +42.6% |
| Income taxes | 67/77 | €10,940 | €17,925 | +€6,986 | +63.9% |
| Profit (loss) for the period | 9904 | €44,693 | €61,404 | +€16,711 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,693 | €61,404 | +€16,711 | +37.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.