Smart Protocol Exchange Systems: 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 Protocol Exchange Systems
Largest movements
- Receivables within one year +€68,572
up €68,572 (+457%), from €15,000 to €83,572
of which Other amounts receivable: +€40,313
- Cash -€18,323
down €18,323 (-58.6%), from €31,290 to €12,966
- Tangible fixed assets +€1,954
up €1,954 (+192%), from €1,016 to €2,970
- Trade debts +€66,369
up €66,369 (+530%), from €12,513 to €78,882
- Other debts -€60,079
down €60,079 (-95.9%), from €62,650 to €2,571
- Profit (loss) carried forward +€46,335
up €46,335 (+89.8%), from -€51,601 to -€5,266
- Gross operating margin +€147,023
up €147,023 (+1,067%), from €13,777 to €160,800
- Staff costs +€39,964
up €39,964 (+62.8%), from €63,591 to €103,555
- Other operating charges +€6,350
new in 2024: €6,350
- Financial charges +€1,765
up €1,765 (+103%), from €1,720 to €3,484
From the 2022 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,077 | €100,280 | +€52,202 | +109% |
| Fixed assets | 21/28 | €1,788 | €3,742 | +€1,954 | +109% |
| Tangible fixed assets | 22/27 | €1,016 | €2,970 | +€1,954 | +192% |
| Furniture and vehicles | 24 | €1,016 | €2,970 | +€1,954 | +192% |
| Financial fixed assets | 28 | €772 | €772 | = | 0.0% |
| Current assets | 29/58 | €46,290 | €96,538 | +€50,249 | +109% |
| Amounts receivable within one year | 40/41 | €15,000 | €83,572 | +€68,572 | +457% |
| Trade receivables | 40 | €15,000 | €43,259 | +€28,259 | +188% |
| Other amounts receivable | 41 | - | €40,313 | +€40,313 | |
| Cash at bank and in hand | 54/58 | €31,290 | €12,966 | -€18,323 | -58.6% |
| Total equity and liabilities | 10/49 | €48,077 | €100,280 | +€52,202 | +109% |
| Equity | 10/15 | -€39,601 | €6,734 | +€46,335 | |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,601 | -€5,266 | +€46,335 | +89.8% |
| Amounts payable | 17/49 | €87,678 | €93,546 | +€5,868 | +6.7% |
| Amounts payable within one year | 42/48 | €87,678 | €93,546 | +€5,868 | +6.7% |
| Financial debts | 43 | €138 | - | -€138 | |
| Credit institutions | 430/8 | €138 | - | -€138 | |
| Trade debts | 44 | €12,513 | €78,882 | +€66,369 | +530% |
| Suppliers | 440/4 | €12,513 | €78,882 | +€66,369 | +530% |
| Taxes, remuneration and social security | 45 | €12,377 | €12,093 | -€284 | -2.3% |
| Taxes | 450/3 | €4,306 | €5,242 | +€937 | +21.8% |
| Remuneration and social security | 454/9 | €8,072 | €6,851 | -€1,221 | -15.1% |
| Other amounts payable | 47/48 | €62,650 | €2,571 | -€60,079 | -95.9% |
| Remuneration, social security and pensions | 62 | €63,591 | €103,555 | +€39,964 | +62.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €223 | €1,359 | +€1,136 | +510% |
| Other operating charges | 640/8 | - | €6,350 | +€6,350 | |
| Gross operating margin | 9900 | €13,777 | €160,800 | +€147,023 | +1,067% |
| Operating profit (loss) | 9901 | -€50,038 | €49,536 | +€99,574 | |
| Financial income | 75/76B | €157 | €283 | +€126 | +80.3% |
| Recurring financial income | 75 | €157 | €283 | +€126 | +80.3% |
| Financial charges | 65/66B | €1,720 | €3,484 | +€1,765 | +103% |
| Recurring financial charges | 65 | €1,720 | €3,484 | +€1,765 | +103% |
| Profit (loss) for the period before taxes | 9903 | -€51,601 | €46,335 | +€97,935 | |
| Profit (loss) for the period | 9904 | -€51,601 | €46,335 | +€97,935 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,601 | €46,335 | +€97,935 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.