SMARTER ENGINEERING: what changed
SMARTER ENGINEERING
Largest movements
- Tangible fixed assets -€14,204
down €14,204 (-58.5%), from €24,279 to €10,075
of which Leasing and similar rights: -€7,324
- Current investments +€10,141
up €10,141 (+33.9%), from €29,897 to €40,039
- Receivables within one year +€5,678
up €5,678 (+109%), from €5,232 to €10,910
of which Other amounts receivable: +€5,297
- Cash -€3,309
down €3,309 (-75.9%), from €4,359 to €1,051
mainly Current investments (-€10,141) and Tax, wage and social debts (-€8,768)
- Deferred charges and accrued income +€688
up €688 (+159%), from €432 to €1,120
- Profit (loss) carried forward +€13,096
up €13,096 (+45.0%), from €29,126 to €42,222
- Tax, wage and social debts -€8,768
down €8,768 (-87.7%), from €9,999 to €1,232
- Debts after one year -€6,536
down €6,536 (-64.0%), from €10,206 to €3,670
- Trade debts +€1,760
up €1,760 (+58.2%), from €3,025 to €4,784
- Gross operating margin -€3,880
down €3,880 (-12.4%), from €31,198 to €27,318
- Depreciation -€1,015
down €1,015 (-10.2%), from €9,988 to €8,973
- Financial charges -€439
down €439 (-53.4%), from €821 to €382
- Taxes -€433
down €433 (-9.2%), from €4,712 to €4,279
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,450 | €63,444 | -€1,006 | -1.6% |
| Fixed assets | 21/28 | €24,529 | €10,325 | -€14,204 | -57.9% |
| Tangible fixed assets | 22/27 | €24,279 | €10,075 | -€14,204 | -58.5% |
| Plant, machinery and equipment | 23 | €3,178 | €1,530 | -€1,648 | -51.9% |
| Furniture and vehicles | 24 | €5,232 | - | -€5,232 | |
| Leasing and similar rights | 25 | €15,869 | €8,545 | -€7,324 | -46.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €39,921 | €53,119 | +€13,198 | +33.1% |
| Amounts receivable within one year | 40/41 | €5,232 | €10,910 | +€5,678 | +109% |
| Trade receivables | 40 | €4,973 | €5,354 | +€381 | +7.7% |
| Other amounts receivable | 41 | €259 | €5,556 | +€5,297 | +2,041% |
| Current investments | 50/53 | €29,897 | €40,039 | +€10,141 | +33.9% |
| Cash at bank and in hand | 54/58 | €4,359 | €1,051 | -€3,309 | -75.9% |
| Deferred charges and accrued income | 490/1 | €432 | €1,120 | +€688 | +159% |
| Total equity and liabilities | 10/49 | €64,450 | €63,444 | -€1,006 | -1.6% |
| Equity | 10/15 | €34,126 | €47,222 | +€13,096 | +38.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,126 | €42,222 | +€13,096 | +45.0% |
| Amounts payable | 17/49 | €30,324 | €16,222 | -€14,102 | -46.5% |
| Amounts payable after more than one year | 17 | €10,206 | €3,670 | -€6,536 | -64.0% |
| Financial debts | 170/4 | €10,206 | €3,670 | -€6,536 | -64.0% |
| Amounts payable within one year | 42/48 | €20,118 | €12,552 | -€7,566 | -37.6% |
| Current portion of amounts payable after more than one year | 42 | €7,094 | €6,536 | -€558 | -7.9% |
| Trade debts | 44 | €3,025 | €4,784 | +€1,760 | +58.2% |
| Suppliers | 440/4 | €3,025 | €4,784 | +€1,760 | +58.2% |
| Taxes, remuneration and social security | 45 | €9,999 | €1,232 | -€8,768 | -87.7% |
| Taxes | 450/3 | €9,999 | €1,232 | -€8,768 | -87.7% |
| Non-recurring operating income | 76A | - | €284 | +€284 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,988 | €8,973 | -€1,015 | -10.2% |
| Other operating charges | 640/8 | €755 | €894 | +€140 | +18.5% |
| Gross operating margin | 9900 | €31,198 | €27,318 | -€3,880 | -12.4% |
| Operating profit (loss) | 9901 | €20,455 | €17,451 | -€3,005 | -14.7% |
| Financial income | 75/76B | €193 | €306 | +€113 | +58.8% |
| Recurring financial income | 75 | €193 | €306 | +€113 | +58.8% |
| Financial charges | 65/66B | €821 | €382 | -€439 | -53.4% |
| Recurring financial charges | 65 | €821 | €382 | -€439 | -53.4% |
| Profit (loss) for the period before taxes | 9903 | €19,827 | €17,374 | -€2,453 | -12.4% |
| Income taxes | 67/77 | €4,712 | €4,279 | -€433 | -9.2% |
| Profit (loss) for the period | 9904 | €15,116 | €13,096 | -€2,020 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,116 | €13,096 | -€2,020 | -13.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.