Smartgreen: what changed
Two fiscal 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.
Smartgreen
Largest movements
- Cash -€44,336
down €44,336 (-92.8%), from €47,778 to €3,442
mainly Trade debts (-€44,766) and Receivables within one year (-€39,819)
- Receivables within one year +€39,819
up €39,819 (+72.2%), from €55,151 to €94,971
of which Trade receivables: +€31,995
- Deferred charges and accrued income -€8,801
down €8,801 (-94.6%), from €9,303 to €502
- Tangible fixed assets -€2,150
down €2,150 (-5.2%), from €41,261 to €39,111
of which Furniture and vehicles: -€2,014
- Trade debts -€44,766
down €44,766 (-83.4%), from €53,697 to €8,930
- Tax, wage and social debts +€20,597
up €20,597 (+78.5%), from €26,240 to €46,837
of which Taxes: +€18,938
- Accrued charges and deferred income +€10,000
up €10,000 (+2877.7%), from €348 to €10,348
- Debts after one year -€8,931
down €8,931 (-33.8%), from €26,393 to €17,462
- Current portion of long-term debt +€3,576
up €3,576 (+40.5%), from €8,828 to €12,403
- Gross operating margin +€47,259
up €47,259 (+35.8%), from €131,885 to €179,145
- Staff costs +€33,033
up €33,033 (+24.4%), from €135,415 to €168,447
- Financial income -€7,467
no longer reported in 2023 (was €7,467)
of which Non-recurring financial income: -€7,329
- Depreciation -€4,275
down €4,275 (-45.2%), from €9,465 to €5,190
- Financial charges +€2,029
up €2,029 (+189.6%), from €1,070 to €3,100
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €156,016 | €140,547 | -€15,468 | -9.9% |
| Fixed assets | 21/28 | €43,784 | €41,633 | -€2,150 | -4.9% |
| Tangible fixed assets | 22/27 | €41,261 | €39,111 | -€2,150 | -5.2% |
| Plant, machinery and equipment | 23 | €543 | €407 | -€136 | -25.0% |
| Furniture and vehicles | 24 | €40,718 | €38,703 | -€2,014 | -4.9% |
| Financial fixed assets | 28 | €2,523 | €2,523 | = | 0.0% |
| Current assets | 29/58 | €112,232 | €98,914 | -€13,318 | -11.9% |
| Amounts receivable within one year | 40/41 | €55,151 | €94,971 | +€39,819 | +72.2% |
| Trade receivables | 40 | €51,792 | €83,787 | +€31,995 | +61.8% |
| Other amounts receivable | 41 | €3,359 | €11,184 | +€7,824 | +232.9% |
| Cash at bank and in hand | 54/58 | €47,778 | €3,442 | -€44,336 | -92.8% |
| Deferred charges and accrued income | 490/1 | €9,303 | €502 | -€8,801 | -94.6% |
| Total equity and liabilities | 10/49 | €156,016 | €140,547 | -€15,468 | -9.9% |
| Equity | 10/15 | €40,278 | €41,248 | +€969 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,218 | €33,188 | +€969 | +3.0% |
| Amounts payable | 17/49 | €115,737 | €99,300 | -€16,438 | -14.2% |
| Amounts payable after more than one year | 17 | €26,393 | €17,462 | -€8,931 | -33.8% |
| Financial debts | 170/4 | €26,393 | €17,462 | -€8,931 | -33.8% |
| Amounts payable within one year | 42/48 | €88,997 | €71,490 | -€17,507 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €8,828 | €12,403 | +€3,576 | +40.5% |
| Financial debts | 43 | - | €3,087 | +€3,087 | |
| Credit institutions | 430/8 | - | €3,087 | +€3,087 | |
| Trade debts | 44 | €53,697 | €8,930 | -€44,766 | -83.4% |
| Suppliers | 440/4 | €53,697 | €8,930 | -€44,766 | -83.4% |
| Taxes, remuneration and social security | 45 | €26,240 | €46,837 | +€20,597 | +78.5% |
| Taxes | 450/3 | €10,340 | €29,278 | +€18,938 | +183.2% |
| Remuneration and social security | 454/9 | €15,901 | €17,559 | +€1,659 | +10.4% |
| Other amounts payable | 47/48 | €232 | €232 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €348 | €10,348 | +€10,000 | +2877.7% |
| Remuneration, social security and pensions | 62 | €135,415 | €168,447 | +€33,033 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,465 | €5,190 | -€4,275 | -45.2% |
| Other operating charges | 640/8 | €3,305 | €1,438 | -€1,866 | -56.5% |
| Gross operating margin | 9900 | €131,885 | €179,145 | +€47,259 | +35.8% |
| Operating profit (loss) | 9901 | -€16,299 | €4,069 | +€20,368 | |
| Financial income | 75/76B | €7,467 | - | -€7,467 | |
| Recurring financial income | 75 | €138 | - | -€138 | |
| Non-recurring financial income | 76B | €7,329 | - | -€7,329 | |
| Financial charges | 65/66B | €1,070 | €3,100 | +€2,029 | +189.6% |
| Recurring financial charges | 65 | €1,070 | €3,100 | +€2,029 | +189.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,903 | €969 | +€10,872 | |
| Profit (loss) for the period | 9904 | -€9,903 | €969 | +€10,872 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,903 | €969 | +€10,872 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.