SMRT Group: 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.
SMRT Group
Largest movements
- Financial fixed assets -€125,055
down €125,055 (-100.0%), from €125,055 to €0
- Intangible fixed assets +€106,566
up €106,566 (+334.5%), from €31,859 to €138,425
- Cash +€83,035
up €83,035 (+755.6%), from €10,989 to €94,024
mainly Contributions, distributions and other (+€250,000) and Other debts (+€120,355)
- Receivables within one year -€77,888
down €77,888 (-62.7%), from €124,207 to €46,320
of which Trade receivables: -€86,237
- Stocks and contracts +€34,710
new in 2024: €34,710
- Contributions +€250,000
up €250,000 (+1666.7%), from €15,000 to €265,000
- Profit (loss) carried forward -€157,164
down €157,164 (-300.2%), from -€52,351 to -€209,515
- Short-term financial debts -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Other debts +€120,355
up €120,355 (+98.8%), from €121,770 to €242,125
- Debts after one year -€31,938
down €31,938 (-63.9%), from €50,000 to €18,062
- Gross operating margin -€133,925
down €133,925, from €56,081 to -€77,845
- Staff costs -€37,442
down €37,442 (-74.9%), from €49,985 to €12,542
- Depreciation +€13,949
up €13,949 (+96.3%), from €14,486 to €28,435
- Other operating charges +€1,401
up €1,401 (+284.3%), from €493 to €1,893
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.
Cash bridge derived
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 | €292,184 | €345,686 | +€53,502 | +18.3% |
| Fixed assets | 21/28 | €156,988 | €170,208 | +€13,220 | +8.4% |
| Intangible fixed assets | 21 | €31,859 | €138,425 | +€106,566 | +334.5% |
| Tangible fixed assets | 22/27 | €74 | €31,783 | +€31,709 | +42914.2% |
| Plant, machinery and equipment | 23 | €74 | €3,366 | +€3,292 | +4455.7% |
| Leasing and similar rights | 25 | - | €28,417 | +€28,417 | |
| Financial fixed assets | 28 | €125,055 | €0 | -€125,055 | -100.0% |
| Current assets | 29/58 | €135,196 | €175,479 | +€40,282 | +29.8% |
| Stocks and contracts in progress | 3 | - | €34,710 | +€34,710 | |
| Stocks | 30/36 | - | €34,710 | +€34,710 | |
| Amounts receivable within one year | 40/41 | €124,207 | €46,320 | -€77,888 | -62.7% |
| Trade receivables | 40 | €123,170 | €36,932 | -€86,237 | -70.0% |
| Other amounts receivable | 41 | €1,038 | €9,388 | +€8,350 | +804.7% |
| Cash at bank and in hand | 54/58 | €10,989 | €94,024 | +€83,035 | +755.6% |
| Deferred charges and accrued income | 490/1 | - | €425 | +€425 | |
| Total equity and liabilities | 10/49 | €292,184 | €345,686 | +€53,502 | +18.3% |
| Equity | 10/15 | -€37,351 | €55,485 | +€92,836 | |
| Contributions | 10/11 | €15,000 | €265,000 | +€250,000 | +1666.7% |
| Profit (loss) carried forward | 14 | -€52,351 | -€209,515 | -€157,164 | -300.2% |
| Amounts payable | 17/49 | €329,535 | €290,201 | -€39,334 | -11.9% |
| Amounts payable after more than one year | 17 | €50,000 | €18,062 | -€31,938 | -63.9% |
| Financial debts | 170/4 | €50,000 | €18,062 | -€31,938 | -63.9% |
| Amounts payable within one year | 42/48 | €278,285 | €270,890 | -€7,396 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,807 | +€5,807 | |
| Financial debts | 43 | €150,000 | €0 | -€150,000 | -100.0% |
| Credit institutions | 430/8 | €150,000 | €0 | -€150,000 | -100.0% |
| Trade debts | 44 | €6,175 | €21,234 | +€15,059 | +243.9% |
| Suppliers | 440/4 | €6,175 | €21,234 | +€15,059 | +243.9% |
| Taxes, remuneration and social security | 45 | €340 | €1,725 | +€1,384 | +406.7% |
| Taxes | 450/3 | €340 | €322 | -€18 | -5.3% |
| Remuneration and social security | 454/9 | - | €1,402 | +€1,402 | |
| Other amounts payable | 47/48 | €121,770 | €242,125 | +€120,355 | +98.8% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Non-recurring operating income | 76A | €118 | €0 | -€118 | -100.0% |
| Remuneration, social security and pensions | 62 | €49,985 | €12,542 | -€37,442 | -74.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,486 | €28,435 | +€13,949 | +96.3% |
| Other operating charges | 640/8 | €493 | €1,893 | +€1,401 | +284.3% |
| Non-recurring operating charges | 66A | - | €25,000 | +€25,000 | |
| Gross operating margin | 9900 | €56,081 | -€77,845 | -€133,925 | |
| Operating profit (loss) | 9901 | -€8,883 | -€145,715 | -€136,832 | -1540.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €11,913 | €11,386 | -€527 | -4.4% |
| Recurring financial charges | 65 | €11,913 | €11,386 | -€527 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | -€20,795 | -€157,099 | -€136,304 | -655.5% |
| Income taxes | 67/77 | €258 | €64 | -€193 | -75.0% |
| Profit (loss) for the period | 9904 | -€21,053 | -€157,164 | -€136,111 | -646.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,053 | -€157,164 | -€136,111 | -646.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.