SMARTECO: 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.
SMARTECO
Largest movements
- Receivables within one year +€6,374
up €6,374 (+689%), from €925 to €7,299
- Tangible fixed assets -€5,801
down €5,801 (-43.9%), from €13,201 to €7,400
- Cash -€620
down €620 (-27.0%), from €2,297 to €1,677
mainly Receivables within one year (-€6,374) and Debts after one year (-€1,746)
- Profit (loss) carried forward +€4,332
up €4,332 (+20.5%), from -€21,087 to -€16,755
- Debts after one year -€1,746
down €1,746 (-62.8%), from €2,780 to €1,034
- Other debts -€1,718
down €1,718 (-19.0%), from €9,061 to €7,343
- Trade debts -€1,252
down €1,252 (-6.6%), from €18,895 to €17,644
- Tax, wage and social debts +€303
up €303 (+28.6%), from €1,062 to €1,365
- Gross operating margin +€5,102
up €5,102 (+96.7%), from €5,276 to €10,377
- Depreciation +€1,655
up €1,655 (+39.9%), from €4,146 to €5,801
- Other operating charges -€271
no longer reported in 2024 (was €271)
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 | €16,424 | €16,376 | -€47 | -0.3% |
| Fixed assets | 21/28 | €13,201 | €7,400 | -€5,801 | -43.9% |
| Tangible fixed assets | 22/27 | €13,201 | €7,400 | -€5,801 | -43.9% |
| Furniture and vehicles | 24 | €13,201 | €7,400 | -€5,801 | -43.9% |
| Current assets | 29/58 | €3,222 | €8,976 | +€5,754 | +179% |
| Amounts receivable within one year | 40/41 | €925 | €7,299 | +€6,374 | +689% |
| Trade receivables | 40 | €925 | €7,299 | +€6,374 | +689% |
| Cash at bank and in hand | 54/58 | €2,297 | €1,677 | -€620 | -27.0% |
| Total equity and liabilities | 10/49 | €16,424 | €16,376 | -€47 | -0.3% |
| Equity | 10/15 | -€17,087 | -€12,755 | +€4,332 | +25.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,087 | -€16,755 | +€4,332 | +20.5% |
| Amounts payable | 17/49 | €33,510 | €29,131 | -€4,379 | -13.1% |
| Amounts payable after more than one year | 17 | €2,780 | €1,034 | -€1,746 | -62.8% |
| Financial debts | 170/4 | €2,780 | €1,034 | -€1,746 | -62.8% |
| Amounts payable within one year | 42/48 | €30,731 | €28,098 | -€2,633 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €1,713 | €1,746 | +€33 | +1.9% |
| Trade debts | 44 | €18,895 | €17,644 | -€1,252 | -6.6% |
| Suppliers | 440/4 | €18,895 | €17,644 | -€1,252 | -6.6% |
| Taxes, remuneration and social security | 45 | €1,062 | €1,365 | +€303 | +28.6% |
| Taxes | 450/3 | €1,062 | €1,365 | +€303 | +28.6% |
| Other amounts payable | 47/48 | €9,061 | €7,343 | -€1,718 | -19.0% |
| Non-recurring operating income | 76A | €2,800 | - | -€2,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,146 | €5,801 | +€1,655 | +39.9% |
| Other operating charges | 640/8 | €271 | - | -€271 | |
| Gross operating margin | 9900 | €5,276 | €10,377 | +€5,102 | +96.7% |
| Operating profit (loss) | 9901 | €859 | €4,576 | +€3,717 | +433% |
| Financial charges | 65/66B | €256 | €245 | -€11 | -4.5% |
| Recurring financial charges | 65 | €256 | €245 | -€11 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €603 | €4,332 | +€3,729 | +619% |
| Profit (loss) for the period | 9904 | €603 | €4,332 | +€3,729 | +619% |
| Profit (loss) for the period to be appropriated | 9905 | €603 | €4,332 | +€3,729 | +619% |
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.