SMARTECH: 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.
SMARTECH
Largest movements
- Stocks and contracts +€2,046
up €2,046 (+5.7%), from €36,190 to €38,236
- Cash -€1,329
down €1,329 (-42.8%), from €3,108 to €1,779
mainly Stocks and contracts (-€2,046) and Trade debts (-€1,042)
- Tax, wage and social debts +€1,103
up €1,103 (+15.8%), from €6,966 to €8,069
- Trade debts -€1,042
down €1,042 (-16.9%), from €6,153 to €5,111
- Profit (loss) carried forward +€547
up €547 (+7.3%), from €7,530 to €8,077
- Gross operating margin +€5,713
up €5,713, from -€5,021 to €692
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 | €40,477 | €41,188 | +€712 | +1.8% |
| Current assets | 29/58 | €40,477 | €41,188 | +€712 | +1.8% |
| Stocks and contracts in progress | 3 | €36,190 | €38,236 | +€2,046 | +5.7% |
| Stocks | 30/36 | €36,190 | €38,236 | +€2,046 | +5.7% |
| Amounts receivable within one year | 40/41 | €337 | €332 | -€5 | -1.4% |
| Trade receivables | 40 | - | €332 | +€332 | |
| Other amounts receivable | 41 | €337 | - | -€337 | |
| Cash at bank and in hand | 54/58 | €3,108 | €1,779 | -€1,329 | -42.8% |
| Deferred charges and accrued income | 490/1 | €842 | €842 | = | 0.0% |
| Total equity and liabilities | 10/49 | €40,477 | €41,188 | +€712 | +1.8% |
| Equity | 10/15 | €7,640 | €8,187 | +€547 | +7.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Capital | 10 | €100 | €100 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €18,500 | €18,500 | = | 0.0% |
| Reserves | 13 | €10 | €10 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Legal reserve | 130 | €10 | €10 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,530 | €8,077 | +€547 | +7.3% |
| Amounts payable | 17/49 | €32,837 | €33,002 | +€165 | +0.5% |
| Amounts payable within one year | 42/48 | €32,837 | €33,002 | +€165 | +0.5% |
| Trade debts | 44 | €6,153 | €5,111 | -€1,042 | -16.9% |
| Suppliers | 440/4 | €6,153 | €5,111 | -€1,042 | -16.9% |
| Taxes, remuneration and social security | 45 | €6,966 | €8,069 | +€1,103 | +15.8% |
| Taxes | 450/3 | €6,966 | €8,069 | +€1,103 | +15.8% |
| Other amounts payable | 47/48 | €19,718 | €19,822 | +€104 | +0.5% |
| Gross operating margin | 9900 | -€5,021 | €692 | +€5,713 | |
| Operating profit (loss) | 9901 | -€5,021 | €692 | +€5,713 | |
| Financial charges | 65/66B | €131 | €145 | +€14 | +10.4% |
| Recurring financial charges | 65 | €131 | €145 | +€14 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,152 | €547 | +€5,699 | |
| Profit (loss) for the period | 9904 | -€5,152 | €547 | +€5,699 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,152 | €547 | +€5,699 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.