SmartCoop: 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.
SmartCoop
Largest movements
- Financial fixed assets -€2.1m
down €2.1m (-93.1%), from €2.3m to €159,515
of which Affiliated companies: -€2.1m
- Cash +€1.3m
up €1.3m (+207%), from €649,215 to €2.0m
mainly Depreciation (+€1.1m) and Contributions, distributions and other (+€558,300)
- Intangible fixed assets +€716,260
up €716,260 (+27.3%), from €2.6m to €3.3m
- Receivables within one year +€391,171
up €391,171 (+10.2%), from €3.9m to €4.2m
of which Trade receivables: +€1.4m
- Deferred charges and accrued income -€158,538
down €158,538 (-54.9%), from €288,842 to €130,304
- Other debts -€1.2m
down €1.2m (-70.8%), from €1.7m to €509,403
- Contributions +€558,300
up €558,300 (+13.1%), from €4.3m to €4.8m
- Profit (loss) carried forward +€346,117
up €346,117 (+79.4%), from €436,165 to €782,282
- Current portion of long-term debt +€223,794
up €223,794 (+97.7%), from €229,016 to €452,810
- Tax, wage and social debts +€128,158
up €128,158 (+6.5%), from €2.0m to €2.1m
of which Remuneration and social security: +€198,485
- Other operating income +€2.7m
up €2.7m (+20.2%), from €13.5m to €16.2m
- Staff costs +€1.6m
up €1.6m (+15.2%), from €10.7m to €12.3m
- Financial charges -€951,500
down €951,500 (-89.2%), from €1.1m to €115,405
of which Financial charges: -€941,500
- Financial income -€940,494
down €940,494 (-95.0%), from €990,354 to €49,860
of which Financial income: -€885,182
- Services and other goods +€863,968
up €863,968 (+34.3%), from €2.5m to €3.4m
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.
Derived cash bridge
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 | €10,018,553 | €10,016,050 | -€2,503 | 0.0% |
| Fixed assets | 21/28 | €4,926,667 | €3,500,097 | -€1.4m | -29.0% |
| Intangible fixed assets | 21 | €2,623,009 | €3,339,269 | +€716,260 | +27.3% |
| Tangible fixed assets | 22/27 | €0 | €1,313 | +€1,313 | |
| Plant, machinery and equipment | 23 | €0 | €1,313 | +€1,313 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €2,303,658 | €159,515 | -€2.1m | -93.1% |
| Affiliated companies | 280/1 | €2,260,893 | €116,750 | -€2.1m | -94.8% |
| Participating interests | 280 | €2,260,893 | €116,750 | -€2.1m | -94.8% |
| Companies linked by participating interests | 282/3 | €42,765 | €42,765 | = | 0.0% |
| Amounts receivable | 283 | €42,765 | €42,765 | = | 0.0% |
| Current assets | 29/58 | €5,091,886 | €6,515,953 | +€1.4m | +28.0% |
| Amounts receivable after more than one year | 29 | €303,750 | €153,000 | -€150,750 | -49.6% |
| Other amounts receivable | 291 | €303,750 | €153,000 | -€150,750 | -49.6% |
| Amounts receivable within one year | 40/41 | €3,850,079 | €4,241,250 | +€391,171 | +10.2% |
| Trade receivables | 40 | €1,695,280 | €3,050,292 | +€1.4m | +79.9% |
| Other amounts receivable | 41 | €2,154,799 | €1,190,958 | -€963,841 | -44.7% |
| Cash at bank and in hand | 54/58 | €649,215 | €1,991,399 | +€1.3m | +207% |
| Deferred charges and accrued income | 490/1 | €288,842 | €130,304 | -€158,538 | -54.9% |
| Total equity and liabilities | 10/49 | €10,018,553 | €10,016,050 | -€2,503 | 0.0% |
| Equity | 10/15 | €4,817,260 | €5,721,677 | +€904,417 | +18.8% |
| Contributions | 10/11 | €4,270,920 | €4,829,220 | +€558,300 | +13.1% |
| Reserves | 13 | €110,175 | €110,175 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,308 | €21,308 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,308 | €21,308 | = | 0.0% |
| Distributable reserves | 133 | €88,867 | €88,867 | = | 0.0% |
| Profit (loss) carried forward | 14 | €436,165 | €782,282 | +€346,117 | +79.4% |
| Amounts payable | 17/49 | €5,201,293 | €4,294,373 | -€906,920 | -17.4% |
| Amounts payable within one year | 42/48 | €5,196,717 | €4,294,373 | -€902,344 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €229,016 | €452,810 | +€223,794 | +97.7% |
| Trade debts | 44 | €1,265,399 | €1,247,062 | -€18,337 | -1.4% |
| Suppliers | 440/4 | €1,265,399 | €1,247,062 | -€18,337 | -1.4% |
| Taxes, remuneration and social security | 45 | €1,956,940 | €2,085,098 | +€128,158 | +6.5% |
| Taxes | 450/3 | €653,557 | €583,230 | -€70,327 | -10.8% |
| Remuneration and social security | 454/9 | €1,303,383 | €1,501,868 | +€198,485 | +15.2% |
| Other amounts payable | 47/48 | €1,745,362 | €509,403 | -€1.2m | -70.8% |
| Accrued charges and deferred income | 492/3 | €4,576 | - | -€4,576 | |
| Operating income | 70/76A | €14,756,656 | €17,349,753 | +€2.6m | +17.6% |
| Turnover | 70 | €7,880 | €6,741 | -€1,139 | -14.5% |
| Own construction capitalised | 72 | €1,240,927 | €1,127,975 | -€112,952 | -9.1% |
| Other operating income | 74 | €13,487,179 | €16,215,037 | +€2.7m | +20.2% |
| Non-recurring operating income | 76A | €20,670 | - | -€20,670 | |
| Operating charges | 60/66A | €14,223,607 | €16,793,224 | +€2.6m | +18.1% |
| Services and other goods | 61 | €2,518,501 | €3,382,469 | +€863,968 | +34.3% |
| Remuneration, social security and pensions | 62 | €10,700,561 | €12,322,418 | +€1.6m | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €991,181 | €1,079,749 | +€88,568 | +8.9% |
| Other operating charges | 640/8 | €1,953 | €8,388 | +€6,435 | +329% |
| Non-recurring operating charges | 66A | €11,411 | €200 | -€11,211 | -98.2% |
| Operating profit (loss) | 9901 | €533,049 | €556,529 | +€23,480 | +4.4% |
| Financial income | 75/76B | €990,354 | €49,860 | -€940,494 | -95.0% |
| Recurring financial income | 75 | €935,042 | €49,860 | -€885,182 | -94.7% |
| Income from current assets | 751 | €5,386 | €4,875 | -€511 | -9.5% |
| Other financial income | 752/9 | €929,656 | €44,985 | -€884,671 | -95.2% |
| Non-recurring financial income | 76B | €55,312 | - | -€55,312 | |
| Financial charges | 65/66B | €1,066,905 | €115,405 | -€951,500 | -89.2% |
| Recurring financial charges | 65 | €1,056,905 | €115,405 | -€941,500 | -89.1% |
| Debt charges | 650 | €38,565 | €10,742 | -€27,823 | -72.1% |
| Other financial charges | 652/9 | €1,018,340 | €104,663 | -€913,677 | -89.7% |
| Non-recurring financial charges | 66B | €10,000 | - | -€10,000 | |
| Profit (loss) for the period before taxes | 9903 | €456,498 | €490,984 | +€34,486 | +7.6% |
| Income taxes | 67/77 | €472 | €144,867 | +€144,395 | +30,592% |
| Taxes | 670/3 | €472 | €144,867 | +€144,395 | +30,592% |
| Profit (loss) for the period | 9904 | €456,026 | €346,117 | -€109,909 | -24.1% |
| Transfer from tax-exempt reserves | 789 | €88,867 | - | -€88,867 | |
| Profit (loss) for the period to be appropriated | 9905 | €544,893 | €346,117 | -€198,776 | -36.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.