SMART SURVEYS: what changed
What changed
SMART SURVEYS
NACE 72.200, Scientific research and development
filed annual accounts (NBB)
Net result for the year
€44,155
2025 · €78,428-€34,273
Equity
€279,834
2025 · €270,978+€8,855
Cash
€100,306
2025 · €72,815+€27,491
Balance sheet total
€745,102
2025 · €693,064+€52,038
Largest movements
Assets
- Tangible fixed assets +€51,172
up €51,172 (+9.4%), from €544,144 to €595,316
of which Land and buildings: +€63,105
- Cash +€27,491
up €27,491 (+37.8%), from €72,815 to €100,306
mainly Depreciation (+€46,505) and Net result for the year (+€44,155)
- Receivables within one year -€26,848
down €26,848 (-36.6%), from €73,435 to €46,587
of which Trade receivables: -€34,724
Equity and liabilities
- Other debts +€41,555
up €41,555, from €0 to €41,555
- Reserves +€8,855
up €8,855 (+3.7%), from €240,728 to €249,584
- Accrued charges and deferred income +€7,740
up €7,740 (+25.1%), from €30,869 to €38,609
Income statement
- Gross operating margin -€30,586
down €30,586 (-13.2%), from €231,389 to €200,803
- Taxes -€9,151
down €9,151 (-44.2%), from €20,684 to €11,533
- Depreciation +€7,900
up €7,900 (+20.5%), from €38,605 to €46,505
- Financial charges +€4,999
up €4,999 (+33.3%), from €14,992 to €19,991
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€78,428
Gross operating margin
-€30,586
Staff costs
+€153
Depreciation
-€7,900
Other operating charges
-€68
Financial income
-€24
Financial charges
-€4,999
Taxes
+€9,151
Result 2026
€44,155
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€164,162
Investment
-€97,677
Financing
-€38,993
Cash 2025
€72,815
From operations (derived)
+€164,162
Net result for the year
+€44,155
Depreciation
+€46,505
Receivables within one year
+€26,848
Deferred charges and accrued income
-€223
Trade debts
+€1,668
Tax, wage and social debts
-€4,086
Other debts
+€41,555
Accrued charges and deferred income
+€7,740
Investment (derived)
-€97,677
Investment in fixed assets (net)
-€97,677
Financing
-€38,993
Debts after one year
-€4,227
Current portion of long-term debt
+€533
Contributions, distributions and other
-€35,300
Cash 2026
€100,306
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €693,064 | €745,102 | +€52,038 | +7.5% |
| Fixed assets | 21/28 | €544,144 | €595,316 | +€51,172 | +9.4% |
| Tangible fixed assets | 22/27 | €544,144 | €595,316 | +€51,172 | +9.4% |
| Land and buildings | 22 | €469,716 | €532,821 | +€63,105 | +13.4% |
| Plant, machinery and equipment | 23 | €4,285 | €7,316 | +€3,031 | +70.7% |
| Furniture and vehicles | 24 | €67,221 | €51,442 | -€15,779 | -23.5% |
| Other tangible fixed assets | 26 | €2,922 | €3,737 | +€815 | +27.9% |
| Current assets | 29/58 | €148,920 | €149,787 | +€866 | +0.6% |
| Amounts receivable within one year | 40/41 | €73,435 | €46,587 | -€26,848 | -36.6% |
| Trade receivables | 40 | €73,435 | €38,711 | -€34,724 | -47.3% |
| Other amounts receivable | 41 | €0 | €7,876 | +€7,876 | |
| Cash at bank and in hand | 54/58 | €72,815 | €100,306 | +€27,491 | +37.8% |
| Deferred charges and accrued income | 490/1 | €2,671 | €2,894 | +€223 | +8.4% |
| Total equity and liabilities | 10/49 | €693,064 | €745,102 | +€52,038 | +7.5% |
| Equity | 10/15 | €270,978 | €279,834 | +€8,855 | +3.3% |
| Contributions | 10/11 | €30,250 | €30,250 | = | 0.0% |
| Reserves | 13 | €240,728 | €249,584 | +€8,855 | +3.7% |
| Distributable reserves | 133 | €240,728 | €249,584 | +€8,855 | +3.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €422,086 | €465,269 | +€43,183 | +10.2% |
| Amounts payable after more than one year | 17 | €323,256 | €319,029 | -€4,227 | -1.3% |
| Financial debts | 170/4 | €323,256 | €319,029 | -€4,227 | -1.3% |
| Amounts payable within one year | 42/48 | €67,961 | €107,631 | +€39,670 | +58.4% |
| Current portion of amounts payable after more than one year | 42 | €20,319 | €20,852 | +€533 | +2.6% |
| Trade debts | 44 | €15,495 | €17,163 | +€1,668 | +10.8% |
| Suppliers | 440/4 | €15,495 | €17,163 | +€1,668 | +10.8% |
| Taxes, remuneration and social security | 45 | €32,147 | €28,061 | -€4,086 | -12.7% |
| Taxes | 450/3 | €16,159 | €3,863 | -€12,296 | -76.1% |
| Remuneration and social security | 454/9 | €15,988 | €24,198 | +€8,210 | +51.3% |
| Other amounts payable | 47/48 | €0 | €41,555 | +€41,555 | |
| Accrued charges and deferred income | 492/3 | €30,869 | €38,609 | +€7,740 | +25.1% |
| Remuneration, social security and pensions | 62 | €76,860 | €76,707 | -€153 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,605 | €46,505 | +€7,900 | +20.5% |
| Other operating charges | 640/8 | €2,226 | €2,294 | +€68 | +3.1% |
| Gross operating margin | 9900 | €231,389 | €200,803 | -€30,586 | -13.2% |
| Operating profit (loss) | 9901 | €113,698 | €75,297 | -€38,401 | -33.8% |
| Financial income | 75/76B | €405 | €382 | -€24 | -5.9% |
| Recurring financial income | 75 | €405 | €382 | -€24 | -5.9% |
| Financial charges | 65/66B | €14,992 | €19,991 | +€4,999 | +33.3% |
| Recurring financial charges | 65 | €14,992 | €19,991 | +€4,999 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €99,112 | €55,688 | -€43,424 | -43.8% |
| Income taxes | 67/77 | €20,684 | €11,533 | -€9,151 | -44.2% |
| Profit (loss) for the period | 9904 | €78,428 | €44,155 | -€34,273 | -43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €78,428 | €44,155 | -€34,273 | -43.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.