SMART RENOV: 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 RENOV
Largest movements
- Cash -€5,438
down €5,438 (-57.0%), from €9,536 to €4,098
mainly Net result for the year (-€20,471) and Stocks and contracts (-€3,689)
- Stocks and contracts +€3,689
new in 2024: €3,689
- Receivables within one year +€728
up €728 (+1.6%), from €45,732 to €46,460
of which Other amounts receivable: +€10,239
- Trade debts +€23,820
up €23,820 (+140%), from €17,056 to €40,876
- Profit (loss) carried forward -€20,471
down €20,471, from €4,328 to -€16,143
- Current portion of long-term debt -€3,000
no longer reported in 2024 (was €3,000)
- Other debts -€1,834
down €1,834 (-14.2%), from €12,922 to €11,088
- Gross operating margin -€5,712
down €5,712 (-43.8%), from -€13,029 to -€18,741
- Financial charges +€897
up €897 (+681%), from €132 to €1,029
- Financial income +€345
new in 2024: €345
- Other operating charges -€343
down €343 (-36.3%), from €944 to €602
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,806 | €54,421 | -€1,385 | -2.5% |
| Fixed assets | 21/28 | €538 | €93 | -€446 | -82.8% |
| Tangible fixed assets | 22/27 | €538 | €93 | -€446 | -82.8% |
| Plant, machinery and equipment | 23 | €538 | €93 | -€446 | -82.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €55,267 | €54,328 | -€940 | -1.7% |
| Stocks and contracts in progress | 3 | - | €3,689 | +€3,689 | |
| Stocks | 30/36 | - | €3,689 | +€3,689 | |
| Amounts receivable within one year | 40/41 | €45,732 | €46,460 | +€728 | +1.6% |
| Trade receivables | 40 | €44,140 | €34,629 | -€9,511 | -21.5% |
| Other amounts receivable | 41 | €1,591 | €11,831 | +€10,239 | +643% |
| Cash at bank and in hand | 54/58 | €9,536 | €4,098 | -€5,438 | -57.0% |
| Deferred charges and accrued income | 490/1 | - | €82 | +€82 | |
| Total equity and liabilities | 10/49 | €55,806 | €54,421 | -€1,385 | -2.5% |
| Equity | 10/15 | €22,828 | €2,457 | -€20,371 | -89.2% |
| Contributions | 10/11 | €18,500 | €18,600 | +€100 | +0.5% |
| Profit (loss) carried forward | 14 | €4,328 | -€16,143 | -€20,471 | |
| Amounts payable | 17/49 | €32,978 | €51,964 | +€18,986 | +57.6% |
| Amounts payable within one year | 42/48 | €32,978 | €51,964 | +€18,986 | +57.6% |
| Current portion of amounts payable after more than one year | 42 | €3,000 | - | -€3,000 | |
| Trade debts | 44 | €17,056 | €40,876 | +€23,820 | +140% |
| Suppliers | 440/4 | €17,056 | €40,876 | +€23,820 | +140% |
| Other amounts payable | 47/48 | €12,922 | €11,088 | -€1,834 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €446 | €446 | = | 0.0% |
| Other operating charges | 640/8 | €944 | €602 | -€343 | -36.3% |
| Gross operating margin | 9900 | -€13,029 | -€18,741 | -€5,712 | -43.8% |
| Operating profit (loss) | 9901 | -€14,419 | -€19,788 | -€5,369 | -37.2% |
| Financial income | 75/76B | - | €345 | +€345 | |
| Recurring financial income | 75 | - | €345 | +€345 | |
| Financial charges | 65/66B | €132 | €1,029 | +€897 | +681% |
| Recurring financial charges | 65 | €132 | €1,029 | +€897 | +681% |
| Profit (loss) for the period before taxes | 9903 | -€14,550 | -€20,471 | -€5,921 | -40.7% |
| Income taxes | 67/77 | €176 | - | -€176 | |
| Profit (loss) for the period | 9904 | -€14,727 | -€20,471 | -€5,745 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,727 | -€20,471 | -€5,745 | -39.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.