SMARDIX: 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.
SMARDIX
Largest movements
- Cash +€834,487
up €834,487 (+201.6%), from €413,975 to €1.2m
mainly Current investments (+€750,000) and Net result for the year (+€628,929)
- Current investments -€750,000
down €750,000 (-100.0%), from €750,000 to €0
- Receivables after one year +€385,338
new in 2025: €385,338
- Tangible fixed assets +€103,200
new in 2025: €103,200
- Deferred charges and accrued income -€18,739
down €18,739 (-71.1%), from €26,353 to €7,614
- Reserves +€628,929
up €628,929 (+74.1%), from €848,466 to €1.5m
- Tax, wage and social debts -€98,337
down €98,337 (-26.5%), from €371,547 to €273,210
- Gross operating margin -€137,049
down €137,049 (-14.3%), from €956,708 to €819,659
- Taxes -€98,248
down €98,248 (-32.4%), from €303,577 to €205,329
- Financial income +€17,390
up €17,390 (+24669.6%), from €70 to €17,460
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 | €1,230,798 | €1,766,794 | +€535,996 | +43.5% |
| Fixed assets | 21/28 | €400 | €103,600 | +€103,200 | +25800.0% |
| Tangible fixed assets | 22/27 | - | €103,200 | +€103,200 | |
| Furniture and vehicles | 24 | - | €103,200 | +€103,200 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €1,230,398 | €1,663,194 | +€432,796 | +35.2% |
| Amounts receivable after more than one year | 29 | - | €385,338 | +€385,338 | |
| Other amounts receivable | 291 | - | €385,338 | +€385,338 | |
| Amounts receivable within one year | 40/41 | €40,070 | €21,780 | -€18,290 | -45.6% |
| Trade receivables | 40 | €0 | €21,780 | +€21,780 | |
| Other amounts receivable | 41 | €40,070 | €0 | -€40,070 | -100.0% |
| Current investments | 50/53 | €750,000 | €0 | -€750,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €413,975 | €1,248,462 | +€834,487 | +201.6% |
| Deferred charges and accrued income | 490/1 | €26,353 | €7,614 | -€18,739 | -71.1% |
| Total equity and liabilities | 10/49 | €1,230,798 | €1,766,794 | +€535,996 | +43.5% |
| Equity | 10/15 | €858,466 | €1,487,395 | +€628,929 | +73.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €848,466 | €1,477,395 | +€628,929 | +74.1% |
| Distributable reserves | 133 | €848,466 | €1,477,395 | +€628,929 | +74.1% |
| Amounts payable | 17/49 | €372,333 | €279,399 | -€92,933 | -25.0% |
| Amounts payable within one year | 42/48 | €372,333 | €279,399 | -€92,933 | -25.0% |
| Trade debts | 44 | €786 | €6,190 | +€5,404 | +687.9% |
| Suppliers | 440/4 | €786 | €6,190 | +€5,404 | +687.9% |
| Taxes, remuneration and social security | 45 | €371,547 | €273,210 | -€98,337 | -26.5% |
| Taxes | 450/3 | €371,547 | €273,210 | -€98,337 | -26.5% |
| Remuneration, social security and pensions | 62 | - | €1,820 | +€1,820 | |
| Other operating charges | 640/8 | €1,038 | €979 | -€59 | -5.7% |
| Gross operating margin | 9900 | €956,708 | €819,659 | -€137,049 | -14.3% |
| Operating profit (loss) | 9901 | €955,669 | €816,860 | -€138,809 | -14.5% |
| Financial income | 75/76B | €70 | €17,460 | +€17,390 | +24669.6% |
| Recurring financial income | 75 | €70 | €17,460 | +€17,390 | +24669.6% |
| Financial charges | 65/66B | €45 | €62 | +€17 | +38.4% |
| Recurring financial charges | 65 | €45 | €62 | +€17 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | €955,695 | €834,258 | -€121,437 | -12.7% |
| Income taxes | 67/77 | €303,577 | €205,329 | -€98,248 | -32.4% |
| Profit (loss) for the period | 9904 | €652,117 | €628,929 | -€23,189 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €652,117 | €628,929 | -€23,189 | -3.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.