SMART TEL: what changed
SMART TEL
Largest movements
- Cash +€71,894
up €71,894 (+103%), from €70,140 to €142,035
mainly Net result for the year (+€106,638) and Trade debts (+€56,259)
- Tangible fixed assets +€47,190
up €47,190 (+41.0%), from €115,011 to €162,200
of which Other tangible fixed assets: +€42,293
- Financial fixed assets +€43,050
up €43,050 (+17,220%), from €250 to €43,300
- Receivables within one year -€36,969
down €36,969 (-13.0%), from €284,365 to €247,396
of which Trade receivables: -€60,284
- Stocks and contracts +€29,765
up €29,765 (+1,264%), from €2,355 to €32,120
- Profit (loss) carried forward +€106,638
up €106,638 (+43.3%), from €246,315 to €352,953
- Trade debts +€56,259
up €56,259 (+95.4%), from €58,982 to €115,241
- Tax, wage and social debts -€18,003
down €18,003 (-14.1%), from €127,299 to €109,297
of which Remuneration and social security: -€23,442
- Current portion of long-term debt +€9,707
up €9,707 (+332%), from €2,923 to €12,631
- Turnover +€188,313
up €188,313 (+21.5%), from €874,533 to €1.1m
- Gross operating margin +€145,310
up €145,310 (+36.5%), from €398,530 to €543,841
- Staff costs +€104,414
up €104,414 (+43.4%), from €240,588 to €345,001
- Purchases and services +€43,002
up €43,002 (+9.0%), from €476,003 to €519,005
- Taxes +€13,151
up €13,151 (+42.0%), from €31,289 to €44,441
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €475,980 | €630,582 | +€154,602 | +32.5% |
| Fixed assets | 21/28 | €115,261 | €205,500 | +€90,240 | +78.3% |
| Tangible fixed assets | 22/27 | €115,011 | €162,200 | +€47,190 | +41.0% |
| Plant, machinery and equipment | 23 | €5,794 | - | -€5,794 | |
| Furniture and vehicles | 24 | €28,606 | €39,297 | +€10,691 | +37.4% |
| Other tangible fixed assets | 26 | €80,611 | €122,904 | +€42,293 | +52.5% |
| Financial fixed assets | 28 | €250 | €43,300 | +€43,050 | +17,220% |
| Current assets | 29/58 | €360,719 | €425,081 | +€64,363 | +17.8% |
| Stocks and contracts in progress | 3 | €2,355 | €32,120 | +€29,765 | +1,264% |
| Stocks | 30/36 | €2,355 | €32,120 | +€29,765 | +1,264% |
| Amounts receivable within one year | 40/41 | €284,365 | €247,396 | -€36,969 | -13.0% |
| Trade receivables | 40 | €220,639 | €160,355 | -€60,284 | -27.3% |
| Other amounts receivable | 41 | €63,726 | €87,041 | +€23,315 | +36.6% |
| Cash at bank and in hand | 54/58 | €70,140 | €142,035 | +€71,894 | +103% |
| Deferred charges and accrued income | 490/1 | €3,859 | €3,531 | -€328 | -8.5% |
| Total equity and liabilities | 10/49 | €475,980 | €630,582 | +€154,602 | +32.5% |
| Equity | 10/15 | €266,775 | €373,413 | +€106,638 | +40.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €246,315 | €352,953 | +€106,638 | +43.3% |
| Amounts payable | 17/49 | €209,204 | €257,168 | +€47,964 | +22.9% |
| Amounts payable within one year | 42/48 | €209,204 | €257,168 | +€47,964 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €2,923 | €12,631 | +€9,707 | +332% |
| Trade debts | 44 | €58,982 | €115,241 | +€56,259 | +95.4% |
| Suppliers | 440/4 | €58,982 | €115,241 | +€56,259 | +95.4% |
| Taxes, remuneration and social security | 45 | €127,299 | €109,297 | -€18,003 | -14.1% |
| Taxes | 450/3 | €75,861 | €81,301 | +€5,440 | +7.2% |
| Remuneration and social security | 454/9 | €51,438 | €27,996 | -€23,442 | -45.6% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Turnover | 70 | €874,533 | €1,062,846 | +€188,313 | +21.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €476,003 | €519,005 | +€43,002 | +9.0% |
| Remuneration, social security and pensions | 62 | €240,588 | €345,001 | +€104,414 | +43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,954 | €41,236 | +€1,281 | +3.2% |
| Other operating charges | 640/8 | €1,917 | €1,208 | -€708 | -37.0% |
| Gross operating margin | 9900 | €398,530 | €543,841 | +€145,310 | +36.5% |
| Operating profit (loss) | 9901 | €116,071 | €156,395 | +€40,324 | +34.7% |
| Financial income | 75/76B | €1,630 | €2,930 | +€1,299 | +79.7% |
| Recurring financial income | 75 | €1,630 | €2,930 | +€1,299 | +79.7% |
| Financial charges | 65/66B | €7,434 | €8,246 | +€812 | +10.9% |
| Recurring financial charges | 65 | €7,434 | €8,246 | +€812 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €110,267 | €151,079 | +€40,812 | +37.0% |
| Income taxes | 67/77 | €31,289 | €44,441 | +€13,151 | +42.0% |
| Profit (loss) for the period | 9904 | €78,978 | €106,638 | +€27,660 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,978 | €106,638 | +€27,660 | +35.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.