SmartEye: 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.
SmartEye
Largest movements
- Current investments -€1.9m
down €1.9m (-88.2%), from €2.1m to €250,537
- Cash +€106,756
up €106,756 (+14.5%), from €736,602 to €843,358
mainly Current investments (+€1.9m) and Net result for the year (+€788,621)
- Receivables within one year +€61,503
up €61,503 (+252.3%), from €24,374 to €85,876
of which Other amounts receivable: +€55,584
- Stocks and contracts +€47,759
up €47,759, from €0 to €47,759
- Other debts -€2.3m
down €2.3m (-100.0%), from €2.3m to €42
- Reserves +€788,621
up €788,621 (+242.5%), from €325,152 to €1.1m
of which Distributable reserves: +€929,471
- Tax, wage and social debts -€143,642
down €143,642 (-63.5%), from €226,380 to €82,737
of which Taxes: -€126,009
- Trade debts +€96,727
up €96,727 (+231.9%), from €41,702 to €138,429
- Provisions -€91,024
down €91,024 (-33.7%), from €270,065 to €179,041
- Gross operating margin -€332,172
down €332,172 (-17.8%), from €1.9m to €1.5m
- Provisions +€234,962
up €234,962 (+72.1%), from -€325,986 to -€91,024
- Taxes -€115,933
down €115,933 (-30.5%), from €380,431 to €264,498
- Staff costs -€101,248
down €101,248 (-17.8%), from €568,184 to €466,936
- Depreciation +€30,705
up €30,705 (+38.8%), from €79,070 to €109,775
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 | €3,178,844 | €1,533,000 | -€1.6m | -51.8% |
| Fixed assets | 21/28 | €266,361 | €272,008 | +€5,647 | +2.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €251,672 | €232,319 | -€19,353 | -7.7% |
| Plant, machinery and equipment | 23 | €164,382 | €172,814 | +€8,433 | +5.1% |
| Furniture and vehicles | 24 | €87,290 | €59,504 | -€27,786 | -31.8% |
| Financial fixed assets | 28 | €14,689 | €39,689 | +€25,000 | +170.2% |
| Current assets | 29/58 | €2,912,483 | €1,260,992 | -€1.7m | -56.7% |
| Stocks and contracts in progress | 3 | €0 | €47,759 | +€47,759 | |
| Stocks | 30/36 | €0 | €47,759 | +€47,759 | |
| Amounts receivable within one year | 40/41 | €24,374 | €85,876 | +€61,503 | +252.3% |
| Trade receivables | 40 | €24,316 | €30,235 | +€5,918 | +24.3% |
| Other amounts receivable | 41 | €58 | €55,642 | +€55,584 | +96333.1% |
| Current investments | 50/53 | €2,122,207 | €250,537 | -€1.9m | -88.2% |
| Cash at bank and in hand | 54/58 | €736,602 | €843,358 | +€106,756 | +14.5% |
| Deferred charges and accrued income | 490/1 | €29,301 | €33,462 | +€4,161 | +14.2% |
| Total equity and liabilities | 10/49 | €3,178,844 | €1,533,000 | -€1.6m | -51.8% |
| Equity | 10/15 | €343,752 | €1,132,373 | +€788,621 | +229.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €325,152 | €1,113,773 | +€788,621 | +242.5% |
| Tax-exempt reserves | 132 | €182,950 | €42,100 | -€140,850 | -77.0% |
| Distributable reserves | 133 | €142,202 | €1,071,673 | +€929,471 | +653.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €270,065 | €179,041 | -€91,024 | -33.7% |
| Provisions for liabilities and charges | 160/5 | €270,065 | €179,041 | -€91,024 | -33.7% |
| Other liabilities and charges | 164/5 | €270,065 | €179,041 | -€91,024 | -33.7% |
| Amounts payable | 17/49 | €2,565,027 | €221,585 | -€2.3m | -91.4% |
| Amounts payable within one year | 42/48 | €2,548,124 | €221,208 | -€2.3m | -91.3% |
| Trade debts | 44 | €41,702 | €138,429 | +€96,727 | +231.9% |
| Suppliers | 440/4 | €41,702 | €138,429 | +€96,727 | +231.9% |
| Taxes, remuneration and social security | 45 | €226,380 | €82,737 | -€143,642 | -63.5% |
| Taxes | 450/3 | €129,154 | €3,145 | -€126,009 | -97.6% |
| Remuneration and social security | 454/9 | €97,226 | €79,592 | -€17,634 | -18.1% |
| Other amounts payable | 47/48 | €2,280,042 | €42 | -€2.3m | -100.0% |
| Accrued charges and deferred income | 492/3 | €16,904 | €377 | -€16,526 | -97.8% |
| Remuneration, social security and pensions | 62 | €568,184 | €466,936 | -€101,248 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,070 | €109,775 | +€30,705 | +38.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€325,986 | -€91,024 | +€234,962 | +72.1% |
| Other operating charges | 640/8 | €6,037 | €5,394 | -€643 | -10.7% |
| Non-recurring operating charges | 66A | €2,404 | €0 | -€2,404 | -100.0% |
| Gross operating margin | 9900 | €1,866,741 | €1,534,569 | -€332,172 | -17.8% |
| Operating profit (loss) | 9901 | €1,537,031 | €1,043,488 | -€493,543 | -32.1% |
| Financial income | 75/76B | €22,574 | €10,842 | -€11,732 | -52.0% |
| Recurring financial income | 75 | €22,574 | €10,842 | -€11,732 | -52.0% |
| Financial charges | 65/66B | €914 | €1,210 | +€296 | +32.4% |
| Recurring financial charges | 65 | €914 | €1,210 | +€296 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | €1,558,690 | €1,053,119 | -€505,571 | -32.4% |
| Income taxes | 67/77 | €380,431 | €264,498 | -€115,933 | -30.5% |
| Profit (loss) for the period | 9904 | €1,178,260 | €788,621 | -€389,638 | -33.1% |
| Transfer from tax-exempt reserves | 789 | €134,350 | €140,850 | +€6,500 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,312,610 | €929,471 | -€383,138 | -29.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.