LA SMALA: 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.
LA SMALA
Largest movements
- Cash -€59,104
down €59,104 (-74.0%), from €79,822 to €20,718
mainly Net result for the year (-€63,406) and Investment in fixed assets (net) (-€53,248)
- Receivables within one year -€37,049
down €37,049 (-25.5%), from €145,399 to €108,350
of which Other amounts receivable: -€32,992
- Intangible fixed assets +€31,640
up €31,640 (+188%), from €16,863 to €48,502
- Deferred charges and accrued income +€10,470
up €10,470 (+1,108%), from €945 to €11,415
- Financial fixed assets +€5,636
up €5,636 (+564%), from €1,000 to €6,636
- Profit (loss) carried forward -€63,406
down €63,406 (-50.6%), from -€125,326 to -€188,731
- Trade debts +€23,917
up €23,917 (+128%), from €18,613 to €42,530
- Accrued charges and deferred income -€17,899
down €17,899 (-100%), from €17,899 to €0
- Contributions +€14,000
up €14,000 (+4.8%), from €289,000 to €303,000
- Tax, wage and social debts -€8,264
down €8,264 (-18.2%), from €45,502 to €37,238
of which Taxes: -€6,073
- Turnover +€75,151
up €75,151 (+28.9%), from €260,165 to €335,316
- Staff costs +€45,030
up €45,030 (+23.2%), from €194,454 to €239,484
- Purchases and services +€29,578
up €29,578 (+17.6%), from €167,855 to €197,433
- Gross operating margin -€18,434
down €18,434 (-8.5%), from €215,832 to €197,398
- Depreciation +€8,687
up €8,687 (+115%), from €7,529 to €16,216
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.
Derived cash bridge
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 | €245,688 | €197,036 | -€48,651 | -19.8% |
| Formation expenses | 20 | €436 | €0 | -€436 | -100% |
| Fixed assets | 21/28 | €19,086 | €56,553 | +€37,468 | +196% |
| Intangible fixed assets | 21 | €16,863 | €48,502 | +€31,640 | +188% |
| Tangible fixed assets | 22/27 | €1,223 | €1,415 | +€191 | +15.6% |
| Furniture and vehicles | 24 | €1,223 | €1,415 | +€191 | +15.6% |
| Financial fixed assets | 28 | €1,000 | €6,636 | +€5,636 | +564% |
| Current assets | 29/58 | €226,165 | €140,483 | -€85,683 | -37.9% |
| Amounts receivable within one year | 40/41 | €145,399 | €108,350 | -€37,049 | -25.5% |
| Trade receivables | 40 | €105,604 | €101,548 | -€4,057 | -3.8% |
| Other amounts receivable | 41 | €39,794 | €6,802 | -€32,992 | -82.9% |
| Cash at bank and in hand | 54/58 | €79,822 | €20,718 | -€59,104 | -74.0% |
| Deferred charges and accrued income | 490/1 | €945 | €11,415 | +€10,470 | +1,108% |
| Total equity and liabilities | 10/49 | €245,688 | €197,036 | -€48,651 | -19.8% |
| Equity | 10/15 | €163,674 | €114,269 | -€49,406 | -30.2% |
| Contributions | 10/11 | €289,000 | €303,000 | +€14,000 | +4.8% |
| Profit (loss) carried forward | 14 | -€125,326 | -€188,731 | -€63,406 | -50.6% |
| Provisions and deferred taxes | 16 | - | €3,000 | +€3,000 | |
| Provisions for liabilities and charges | 160/5 | - | €3,000 | +€3,000 | |
| Other liabilities and charges | 164/5 | - | €3,000 | +€3,000 | |
| Amounts payable | 17/49 | €82,013 | €79,768 | -€2,246 | -2.7% |
| Amounts payable within one year | 42/48 | €64,115 | €79,768 | +€15,653 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €18,613 | €42,530 | +€23,917 | +128% |
| Suppliers | 440/4 | €18,613 | €42,530 | +€23,917 | +128% |
| Taxes, remuneration and social security | 45 | €45,502 | €37,238 | -€8,264 | -18.2% |
| Taxes | 450/3 | €14,478 | €8,405 | -€6,073 | -41.9% |
| Remuneration and social security | 454/9 | €31,024 | €28,833 | -€2,191 | -7.1% |
| Accrued charges and deferred income | 492/3 | €17,899 | €0 | -€17,899 | -100% |
| Turnover | 70 | €260,165 | €335,316 | +€75,151 | +28.9% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €167,855 | €197,433 | +€29,578 | +17.6% |
| Remuneration, social security and pensions | 62 | €194,454 | €239,484 | +€45,030 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,529 | €16,216 | +€8,687 | +115% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €5,325 | +€5,325 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €3,000 | +€3,000 | |
| Other operating charges | 640/8 | €457 | €3,740 | +€3,282 | +718% |
| Gross operating margin | 9900 | €215,832 | €197,398 | -€18,434 | -8.5% |
| Operating profit (loss) | 9901 | €13,392 | -€70,367 | -€83,759 | |
| Financial income | 75/76B | €0 | €8,000 | +€8,000 | |
| Recurring financial income | 75 | €0 | €8,000 | +€8,000 | |
| Financial charges | 65/66B | €148 | €1,039 | +€891 | +602% |
| Recurring financial charges | 65 | €148 | €1,039 | +€891 | +602% |
| Profit (loss) for the period before taxes | 9903 | €13,244 | -€63,406 | -€76,650 | |
| Profit (loss) for the period | 9904 | €13,244 | -€63,406 | -€76,650 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,244 | -€63,406 | -€76,650 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.