SMART CMC: 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.
SMART CMC
Largest movements
- Receivables within one year -€45,879
down €45,879 (-67.7%), from €67,745 to €21,866
of which Trade receivables: -€28,543
- Cash +€27,714
up €27,714 (+184%), from €15,072 to €42,786
mainly Receivables within one year (+€45,879) and Depreciation (+€39,926)
- Tangible fixed assets -€21,420
down €21,420 (-4.0%), from €532,183 to €510,763
of which Land and buildings: -€14,359
- Debts after one year -€46,517
down €46,517 (-22.6%), from €206,251 to €159,735
- Tax, wage and social debts +€13,376
up €13,376 (+143%), from €9,385 to €22,761
of which Remuneration and social security: +€12,757
- Turnover -€26,758
down €26,758 (-13.3%), from €200,831 to €174,074
- Purchases and services -€16,400
down €16,400 (-12.6%), from €130,613 to €114,213
- Gross operating margin -€10,358
down €10,358 (-14.8%), from €70,218 to €59,861
- Other operating charges -€3,665
down €3,665 (-65.3%), from €5,610 to €1,945
- Financial income -€2,237
down €2,237 (-82.6%), from €2,710 to €473
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 | €615,075 | €577,492 | -€37,582 | -6.1% |
| Fixed assets | 21/28 | €532,258 | €510,838 | -€21,420 | -4.0% |
| Tangible fixed assets | 22/27 | €532,183 | €510,763 | -€21,420 | -4.0% |
| Land and buildings | 22 | €395,410 | €381,051 | -€14,359 | -3.6% |
| Plant, machinery and equipment | 23 | €135,515 | €126,420 | -€9,095 | -6.7% |
| Furniture and vehicles | 24 | €1,258 | €3,292 | +€2,034 | +162% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €82,816 | €66,654 | -€16,162 | -19.5% |
| Amounts receivable within one year | 40/41 | €67,745 | €21,866 | -€45,879 | -67.7% |
| Trade receivables | 40 | €49,947 | €21,404 | -€28,543 | -57.1% |
| Other amounts receivable | 41 | €17,797 | €462 | -€17,336 | -97.4% |
| Cash at bank and in hand | 54/58 | €15,072 | €42,786 | +€27,714 | +184% |
| Deferred charges and accrued income | 490/1 | - | €2,003 | +€2,003 | |
| Total equity and liabilities | 10/49 | €615,075 | €577,492 | -€37,582 | -6.1% |
| Equity | 10/15 | €340,423 | €344,645 | +€4,222 | +1.2% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €326,163 | €330,385 | +€4,222 | +1.3% |
| Amounts payable | 17/49 | €274,651 | €232,847 | -€41,804 | -15.2% |
| Amounts payable after more than one year | 17 | €206,251 | €159,735 | -€46,517 | -22.6% |
| Financial debts | 170/4 | €206,251 | €159,735 | -€46,517 | -22.6% |
| Amounts payable within one year | 42/48 | €67,326 | €73,113 | +€5,787 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €49,776 | €47,010 | -€2,766 | -5.6% |
| Trade debts | 44 | €8,165 | €3,341 | -€4,823 | -59.1% |
| Suppliers | 440/4 | €5,550 | €849 | -€4,701 | -84.7% |
| Bills of exchange payable | 441 | €2,615 | €2,492 | -€123 | -4.7% |
| Taxes, remuneration and social security | 45 | €9,385 | €22,761 | +€13,376 | +143% |
| Taxes | 450/3 | €9,385 | €10,004 | +€619 | +6.6% |
| Remuneration and social security | 454/9 | - | €12,757 | +€12,757 | |
| Accrued charges and deferred income | 492/3 | €1,074 | €0 | -€1,074 | -100% |
| Turnover | 70 | €200,831 | €174,074 | -€26,758 | -13.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €130,613 | €114,213 | -€16,400 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,233 | €39,926 | -€1,307 | -3.2% |
| Other operating charges | 640/8 | €5,610 | €1,945 | -€3,665 | -65.3% |
| Gross operating margin | 9900 | €70,218 | €59,861 | -€10,358 | -14.8% |
| Operating profit (loss) | 9901 | €23,376 | €17,990 | -€5,386 | -23.0% |
| Financial income | 75/76B | €2,710 | €473 | -€2,237 | -82.6% |
| Recurring financial income | 75 | €2,710 | €473 | -€2,237 | -82.6% |
| Financial charges | 65/66B | €10,833 | €12,459 | +€1,626 | +15.0% |
| Recurring financial charges | 65 | €10,833 | €12,459 | +€1,626 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €15,253 | €6,003 | -€9,249 | -60.6% |
| Income taxes | 67/77 | €3,410 | €1,781 | -€1,629 | -47.8% |
| Profit (loss) for the period | 9904 | €11,843 | €4,222 | -€7,621 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,843 | €4,222 | -€7,621 | -64.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.