SMART SYSTEMS & BUILDING TECHNOLOGIES: 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 SYSTEMS & BUILDING TECHNOLOGIES
Largest movements
- Cash +€224,115
up €224,115 (+291.2%), from €76,962 to €301,076
mainly Net result for the year (+€96,027) and Trade debts (+€86,340)
- Stocks and contracts -€55,000
down €55,000 (-86.6%), from €63,500 to €8,500
- Receivables within one year -€28,978
down €28,978 (-11.7%), from €247,597 to €218,619
of which Trade receivables: -€44,484
- Reserves +€96,027
up €96,027 (+36.0%), from €266,996 to €363,023
- Trade debts +€86,340
up €86,340 (+374.2%), from €23,071 to €109,411
- Tax, wage and social debts -€73,559
down €73,559 (-71.6%), from €102,764 to €29,205
of which Taxes: -€70,259
- Current portion of long-term debt +€33,982
up €33,982 (+424.0%), from €8,015 to €41,997
- Debts after one year -€8,428
down €8,428 (-69.8%), from €12,067 to €3,638
- Gross operating margin -€151,866
down €151,866 (-51.4%), from €295,404 to €143,538
- Taxes -€49,176
down €49,176 (-55.5%), from €88,664 to €39,488
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 | €417,713 | €553,184 | +€135,472 | +32.4% |
| Formation expenses | 20 | €422 | €156 | -€265 | -62.9% |
| Fixed assets | 21/28 | €25,073 | €21,319 | -€3,755 | -15.0% |
| Tangible fixed assets | 22/27 | €23,370 | €19,615 | -€3,755 | -16.1% |
| Plant, machinery and equipment | 23 | €736 | €242 | -€494 | -67.1% |
| Furniture and vehicles | 24 | €22,634 | €19,373 | -€3,261 | -14.4% |
| Financial fixed assets | 28 | €1,703 | €1,703 | = | 0.0% |
| Current assets | 29/58 | €392,217 | €531,709 | +€139,492 | +35.6% |
| Stocks and contracts in progress | 3 | €63,500 | €8,500 | -€55,000 | -86.6% |
| Stocks | 30/36 | €63,500 | €8,500 | -€55,000 | -86.6% |
| Amounts receivable within one year | 40/41 | €247,597 | €218,619 | -€28,978 | -11.7% |
| Trade receivables | 40 | €180,984 | €136,500 | -€44,484 | -24.6% |
| Other amounts receivable | 41 | €66,613 | €82,119 | +€15,506 | +23.3% |
| Cash at bank and in hand | 54/58 | €76,962 | €301,076 | +€224,115 | +291.2% |
| Deferred charges and accrued income | 490/1 | €4,159 | €3,514 | -€645 | -15.5% |
| Total equity and liabilities | 10/49 | €417,713 | €553,184 | +€135,472 | +32.4% |
| Equity | 10/15 | €269,996 | €366,023 | +€96,027 | +35.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €266,996 | €363,023 | +€96,027 | +36.0% |
| Distributable reserves | 133 | €266,996 | €363,023 | +€96,027 | +36.0% |
| Amounts payable | 17/49 | €147,717 | €187,161 | +€39,444 | +26.7% |
| Amounts payable after more than one year | 17 | €12,067 | €3,638 | -€8,428 | -69.8% |
| Financial debts | 170/4 | €12,067 | €3,638 | -€8,428 | -69.8% |
| Amounts payable within one year | 42/48 | €135,650 | €183,523 | +€47,873 | +35.3% |
| Current portion of amounts payable after more than one year | 42 | €8,015 | €41,997 | +€33,982 | +424.0% |
| Financial debts | 43 | - | €260 | +€260 | |
| Credit institutions | 430/8 | - | €260 | +€260 | |
| Trade debts | 44 | €23,071 | €109,411 | +€86,340 | +374.2% |
| Suppliers | 440/4 | €23,071 | €109,411 | +€86,340 | +374.2% |
| Taxes, remuneration and social security | 45 | €102,764 | €29,205 | -€73,559 | -71.6% |
| Taxes | 450/3 | €99,464 | €29,205 | -€70,259 | -70.6% |
| Remuneration and social security | 454/9 | €3,300 | €0 | -€3,300 | -100.0% |
| Other amounts payable | 47/48 | €1,800 | €2,650 | +€850 | +47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,858 | €6,120 | +€2,262 | +58.6% |
| Other operating charges | 640/8 | €743 | €716 | -€27 | -3.7% |
| Gross operating margin | 9900 | €295,404 | €143,538 | -€151,866 | -51.4% |
| Operating profit (loss) | 9901 | €290,803 | €136,703 | -€154,100 | -53.0% |
| Financial income | 75/76B | €3,496 | €3,990 | +€494 | +14.1% |
| Recurring financial income | 75 | €3,496 | €3,990 | +€494 | +14.1% |
| Financial charges | 65/66B | €2,485 | €5,177 | +€2,692 | +108.3% |
| Recurring financial charges | 65 | €2,485 | €5,177 | +€2,692 | +108.3% |
| Profit (loss) for the period before taxes | 9903 | €291,814 | €135,515 | -€156,299 | -53.6% |
| Income taxes | 67/77 | €88,664 | €39,488 | -€49,176 | -55.5% |
| Profit (loss) for the period | 9904 | €203,150 | €96,027 | -€107,123 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €203,150 | €96,027 | -€107,123 | -52.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.