SM TECH: 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.
SM TECH
Largest movements
- Cash +€35,637
up €35,637 (+156.5%), from €22,770 to €58,408
mainly Net result for the year (+€32,840) and Trade debts (+€12,294)
- Receivables within one year +€16,405
up €16,405 (+20.2%), from €81,191 to €97,595
of which Trade receivables: +€15,053
- Tangible fixed assets -€1,780
down €1,780 (-38.2%), from €4,661 to €2,881
- Profit (loss) carried forward +€32,840
up €32,840 (+36.0%), from €91,281 to €124,121
- Trade debts +€12,294
up €12,294 (+1599.9%), from €768 to €13,063
- Tax, wage and social debts +€8,100
up €8,100 (+94.2%), from €8,600 to €16,700
- Current portion of long-term debt -€2,973
no longer reported in 2025 (was €2,973)
- Turnover +€134,962
up €134,962 (+56.5%), from €238,751 to €373,713
- Purchases and services +€108,468
up €108,468 (+51.2%), from €211,869 to €320,337
- Gross operating margin +€30,100
up €30,100 (+94.1%), from €31,984 to €62,085
- Taxes +€10,510
up €10,510 (+115.5%), from €9,100 to €19,610
- Other operating charges +€5,135
up €5,135 (+192.0%), from €2,674 to €7,810
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 | €108,622 | €158,884 | +€50,262 | +46.3% |
| Fixed assets | 21/28 | €4,661 | €2,881 | -€1,780 | -38.2% |
| Tangible fixed assets | 22/27 | €4,661 | €2,881 | -€1,780 | -38.2% |
| Furniture and vehicles | 24 | €4,661 | €2,881 | -€1,780 | -38.2% |
| Current assets | 29/58 | €103,961 | €156,003 | +€52,042 | +50.1% |
| Amounts receivable within one year | 40/41 | €81,191 | €97,595 | +€16,405 | +20.2% |
| Trade receivables | 40 | €42,835 | €57,888 | +€15,053 | +35.1% |
| Other amounts receivable | 41 | €38,356 | €39,707 | +€1,351 | +3.5% |
| Cash at bank and in hand | 54/58 | €22,770 | €58,408 | +€35,637 | +156.5% |
| Total equity and liabilities | 10/49 | €108,622 | €158,884 | +€50,262 | +46.3% |
| Equity | 10/15 | €96,281 | €129,121 | +€32,840 | +34.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,281 | €124,121 | +€32,840 | +36.0% |
| Amounts payable | 17/49 | €12,341 | €29,763 | +€17,421 | +141.2% |
| Amounts payable within one year | 42/48 | €12,341 | €29,763 | +€17,421 | +141.2% |
| Current portion of amounts payable after more than one year | 42 | €2,973 | - | -€2,973 | |
| Trade debts | 44 | €768 | €13,063 | +€12,294 | +1599.9% |
| Suppliers | 440/4 | €768 | €13,063 | +€12,294 | +1599.9% |
| Taxes, remuneration and social security | 45 | €8,600 | €16,700 | +€8,100 | +94.2% |
| Taxes | 450/3 | €8,600 | €16,700 | +€8,100 | +94.2% |
| Turnover | 70 | €238,751 | €373,713 | +€134,962 | +56.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €211,869 | €320,337 | +€108,468 | +51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,894 | €1,780 | -€114 | -6.0% |
| Other operating charges | 640/8 | €2,674 | €7,810 | +€5,135 | +192.0% |
| Gross operating margin | 9900 | €31,984 | €62,085 | +€30,100 | +94.1% |
| Operating profit (loss) | 9901 | €27,416 | €52,495 | +€25,079 | +91.5% |
| Financial income | 75/76B | - | €325 | +€325 | |
| Recurring financial income | 75 | - | €325 | +€325 | |
| Financial charges | 65/66B | €308 | €370 | +€62 | +20.1% |
| Recurring financial charges | 65 | €308 | €370 | +€62 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €27,108 | €52,450 | +€25,341 | +93.5% |
| Income taxes | 67/77 | €9,100 | €19,610 | +€10,510 | +115.5% |
| Profit (loss) for the period | 9904 | €18,009 | €32,840 | +€14,831 | +82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,009 | €32,840 | +€14,831 | +82.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.