SMARTECH-ELEC: 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-ELEC
Largest movements
- Tangible fixed assets +€39,959
up €39,959 (+134%), from €29,825 to €69,784
of which Furniture and vehicles: +€39,507
- Cash +€39,770
up €39,770 (+363%), from €10,966 to €50,736
mainly Debts after one year (+€41,796) and Depreciation (+€23,311)
- Receivables within one year -€12,204
down €12,204 (-49.7%), from €24,570 to €12,367
of which Trade receivables: -€12,619
- Debts after one year +€41,796
new in 2025: €41,796
- Profit (loss) carried forward +€14,636
up €14,636 (+67.1%), from €21,823 to €36,459
- Current portion of long-term debt +€10,271
new in 2025: €10,271
- Other debts -€5,895
down €5,895 (-16.3%), from €36,258 to €30,363
- Tax, wage and social debts +€4,652
up €4,652 (+31.6%), from €14,702 to €19,354
- Gross operating margin +€30,861
up €30,861 (+151%), from €20,439 to €51,300
- Taxes +€11,049
new in 2025: €11,049
- Depreciation +€3,752
up €3,752 (+19.2%), from €19,559 to €23,311
- Other operating charges +€1,479
up €1,479 (+592%), from €250 to €1,729
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 | €74,783 | €141,986 | +€67,203 | +89.9% |
| Fixed assets | 21/28 | €29,825 | €69,784 | +€39,959 | +134% |
| Tangible fixed assets | 22/27 | €29,825 | €69,784 | +€39,959 | +134% |
| Plant, machinery and equipment | 23 | €1,568 | €2,019 | +€452 | +28.8% |
| Furniture and vehicles | 24 | €28,258 | €67,765 | +€39,507 | +140% |
| Current assets | 29/58 | €44,958 | €72,202 | +€27,244 | +60.6% |
| Stocks and contracts in progress | 3 | €9,421 | €9,099 | -€322 | -3.4% |
| Stocks | 30/36 | €9,421 | €9,099 | -€322 | -3.4% |
| Amounts receivable within one year | 40/41 | €24,570 | €12,367 | -€12,204 | -49.7% |
| Trade receivables | 40 | €24,570 | €11,951 | -€12,619 | -51.4% |
| Other amounts receivable | 41 | - | €415 | +€415 | |
| Cash at bank and in hand | 54/58 | €10,966 | €50,736 | +€39,770 | +363% |
| Total equity and liabilities | 10/49 | €74,783 | €141,986 | +€67,203 | +89.9% |
| Equity | 10/15 | €23,823 | €38,459 | +€14,636 | +61.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,823 | €36,459 | +€14,636 | +67.1% |
| Amounts payable | 17/49 | €50,960 | €103,527 | +€52,566 | +103% |
| Amounts payable after more than one year | 17 | - | €41,796 | +€41,796 | |
| Financial debts | 170/4 | - | €41,796 | +€41,796 | |
| Amounts payable within one year | 42/48 | €50,960 | €61,731 | +€10,770 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | - | €10,271 | +€10,271 | |
| Trade debts | 44 | - | €1,743 | +€1,743 | |
| Suppliers | 440/4 | - | €1,743 | +€1,743 | |
| Taxes, remuneration and social security | 45 | €14,702 | €19,354 | +€4,652 | +31.6% |
| Taxes | 450/3 | €14,702 | €19,354 | +€4,652 | +31.6% |
| Other amounts payable | 47/48 | €36,258 | €30,363 | -€5,895 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,559 | €23,311 | +€3,752 | +19.2% |
| Other operating charges | 640/8 | €250 | €1,729 | +€1,479 | +592% |
| Gross operating margin | 9900 | €20,439 | €51,300 | +€30,861 | +151% |
| Operating profit (loss) | 9901 | €630 | €26,260 | +€25,631 | +4,071% |
| Financial income | 75/76B | €21 | €11 | -€11 | -49.4% |
| Recurring financial income | 75 | €21 | €11 | -€11 | -49.4% |
| Financial charges | 65/66B | €199 | €585 | +€386 | +194% |
| Recurring financial charges | 65 | €199 | €585 | +€386 | +194% |
| Profit (loss) for the period before taxes | 9903 | €452 | €25,686 | +€25,234 | +5,582% |
| Income taxes | 67/77 | - | €11,049 | +€11,049 | |
| Profit (loss) for the period | 9904 | €452 | €14,636 | +€14,184 | +3,138% |
| Profit (loss) for the period to be appropriated | 9905 | €452 | €14,636 | +€14,184 | +3,138% |
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 14 October 2026 via checked.be.