Smartwork: 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.
Smartwork
Largest movements
- Deferred charges and accrued income -€10,215
down €10,215 (-53.5%), from €19,104 to €8,889
- Profit (loss) carried forward -€8,774
down €8,774 (-2.0%), from -€432,110 to -€440,884
- Tax, wage and social debts -€4,538
down €4,538 (-100%), from €4,538 to €0
- Other debts +€2,788
up €2,788 (+1.5%), from €181,031 to €183,820
- Trade debts +€883
up €883 (+5.8%), from €15,199 to €16,082
- Short-term financial debts -€435
down €435 (-100%), from €435 to €0
- Financial charges -€4,635
down €4,635 (-94.9%), from €4,883 to €248
- Other operating charges +€2,234
up €2,234, from €0 to €2,234
- Depreciation -€2,141
no longer reported in 2022 (was €2,141)
- Purchases and services +€641
up €641 (+11.1%), from €5,789 to €6,429
- Gross operating margin -€503
down €503 (-8.7%), from -€5,789 to -€6,292
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,229 | €9,017 | -€10,212 | -53.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €125 | €125 | = | 0.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €19,104 | €8,892 | -€10,212 | -53.5% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €0 | €3 | +€3 | |
| Deferred charges and accrued income | 490/1 | €19,104 | €8,889 | -€10,215 | -53.5% |
| Total equity and liabilities | 10/49 | €19,229 | €9,017 | -€10,212 | -53.1% |
| Equity | 10/15 | -€182,110 | -€190,884 | -€8,774 | -4.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€432,110 | -€440,884 | -€8,774 | -2.0% |
| Amounts payable | 17/49 | €201,340 | €199,901 | -€1,438 | -0.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €201,203 | €199,901 | -€1,301 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €435 | €0 | -€435 | -100% |
| Credit institutions | 430/8 | €435 | €0 | -€435 | -100% |
| Trade debts | 44 | €15,199 | €16,082 | +€883 | +5.8% |
| Suppliers | 440/4 | €15,199 | €16,082 | +€883 | +5.8% |
| Taxes, remuneration and social security | 45 | €4,538 | €0 | -€4,538 | -100% |
| Taxes | 450/3 | €4,538 | €0 | -€4,538 | -100% |
| Other amounts payable | 47/48 | €181,031 | €183,820 | +€2,788 | +1.5% |
| Accrued charges and deferred income | 492/3 | €137 | €0 | -€137 | -100% |
| Non-recurring operating income | 76A | €0 | €137 | +€137 | |
| Goods, raw materials, services and sundry goods | 60/61 | €5,789 | €6,429 | +€641 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,141 | - | -€2,141 | |
| Other operating charges | 640/8 | €0 | €2,234 | +€2,234 | |
| Gross operating margin | 9900 | -€5,789 | -€6,292 | -€503 | -8.7% |
| Operating profit (loss) | 9901 | -€7,930 | -€8,526 | -€596 | -7.5% |
| Financial charges | 65/66B | €4,883 | €248 | -€4,635 | -94.9% |
| Recurring financial charges | 65 | €4,883 | €248 | -€4,635 | -94.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,814 | -€8,774 | +€4,040 | +31.5% |
| Profit (loss) for the period | 9904 | -€12,814 | -€8,774 | +€4,040 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,814 | -€8,774 | +€4,040 | +31.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2021 and 30 September 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.