SMART TICKETING ALLIANCE: what changed
SMART TICKETING ALLIANCE
Largest movements
- Cash +€37,803
up €37,803 (+41.2%), from €91,668 to €129,472
mainly Net result for the year (+€34,639) and Trade debts (+€2,375)
- Profit (loss) carried forward +€34,639
up €34,639 (+38.6%), from €89,654 to €124,293
- Trade debts +€2,375
up €2,375 (+91.4%), from €2,599 to €4,974
- Gross operating margin -€37,783
down €37,783 (-50.8%), from €74,327 to €36,545
- Write-downs -€3,750
no longer reported in 2025 (was €3,750)
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 | €92,253 | €129,903 | +€37,650 | +40.8% |
| Current assets | 29/58 | €92,253 | €129,903 | +€37,650 | +40.8% |
| Amounts receivable within one year | 40/41 | €585 | €431 | -€153 | -26.2% |
| Trade receivables | 40 | - | €280 | +€280 | |
| Other amounts receivable | 41 | €585 | €151 | -€433 | -74.1% |
| Cash at bank and in hand | 54/58 | €91,668 | €129,472 | +€37,803 | +41.2% |
| Total equity and liabilities | 10/49 | €92,253 | €129,903 | +€37,650 | +40.8% |
| Equity | 10/15 | €89,654 | €124,293 | +€34,639 | +38.6% |
| Profit (loss) carried forward | 14 | €89,654 | €124,293 | +€34,639 | +38.6% |
| Amounts payable | 17/49 | €2,599 | €5,610 | +€3,011 | +116% |
| Amounts payable within one year | 42/48 | €2,599 | €4,974 | +€2,375 | +91.4% |
| Trade debts | 44 | €2,599 | €4,974 | +€2,375 | +91.4% |
| Suppliers | 440/4 | €2,599 | €4,974 | +€2,375 | +91.4% |
| Accrued charges and deferred income | 492/3 | - | €636 | +€636 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,750 | - | -€3,750 | |
| Other operating charges | 640/8 | €280 | - | -€280 | |
| Gross operating margin | 9900 | €74,327 | €36,545 | -€37,783 | -50.8% |
| Operating profit (loss) | 9901 | €70,297 | €36,545 | -€33,753 | -48.0% |
| Financial charges | 65/66B | €1,583 | €1,906 | +€324 | +20.4% |
| Recurring financial charges | 65 | €1,583 | €1,906 | +€324 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €68,715 | €34,639 | -€34,076 | -49.6% |
| Profit (loss) for the period | 9904 | €68,715 | €34,639 | -€34,076 | -49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €68,715 | €34,639 | -€34,076 | -49.6% |
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.