SMARTEK24: what changed
Two fiscal 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.
SMARTEK24
Largest movements
- Stocks and contracts -€480,547
no longer reported in 2025 (was €480,547)
- Cash -€118,584
down €118,584 (-96.0%), from €123,552 to €4,968
mainly Trade debts (-€593,775) and Receivables within one year (-€14,271)
- Trade debts -€593,775
down €593,775 (-24.9%), from €2.4m to €1.8m
- Financial income -€111,711
down €111,711 (-98.5%), from €113,418 to €1,708
- Financial charges -€75,279
down €75,279 (-82.3%), from €91,493 to €16,215
- Staff costs -€53,915
down €53,915 (-78.1%), from €68,992 to €15,077
- Gross operating margin -€27,083
down €27,083 (-25.0%), from €108,455 to €81,372
- Depreciation +€11,702
up €11,702 (+152.5%), from €7,675 to €19,377
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 | €2,518,310 | €1,926,810 | -€591,500 | -23.5% |
| Fixed assets | 21/28 | €51,376 | €45,836 | -€5,540 | -10.8% |
| Tangible fixed assets | 22/27 | €42,376 | €45,836 | +€3,460 | +8.2% |
| Plant, machinery and equipment | 23 | €42,376 | €39,758 | -€2,618 | -6.2% |
| Furniture and vehicles | 24 | - | €631 | +€631 | |
| Other tangible fixed assets | 26 | - | €5,448 | +€5,448 | |
| Financial fixed assets | 28 | €9,000 | - | -€9,000 | |
| Current assets | 29/58 | €2,466,934 | €1,880,974 | -€585,960 | -23.8% |
| Stocks and contracts in progress | 3 | €480,547 | - | -€480,547 | |
| Stocks | 30/36 | €480,547 | - | -€480,547 | |
| Amounts receivable within one year | 40/41 | €1,861,735 | €1,876,006 | +€14,271 | +0.8% |
| Trade receivables | 40 | €1,861,735 | €1,865,693 | +€3,958 | +0.2% |
| Other amounts receivable | 41 | - | €10,313 | +€10,313 | |
| Cash at bank and in hand | 54/58 | €123,552 | €4,968 | -€118,584 | -96.0% |
| Deferred charges and accrued income | 490/1 | €1,100 | - | -€1,100 | |
| Total equity and liabilities | 10/49 | €2,518,310 | €1,926,810 | -€591,500 | -23.5% |
| Equity | 10/15 | €52,661 | €77,188 | +€24,527 | +46.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,661 | €67,188 | +€24,527 | +57.5% |
| Amounts payable | 17/49 | €2,465,649 | €1,849,622 | -€616,027 | -25.0% |
| Amounts payable within one year | 42/48 | €2,465,649 | €1,849,622 | -€616,027 | -25.0% |
| Financial debts | 43 | - | €163 | +€163 | |
| Credit institutions | 430/8 | - | €163 | +€163 | |
| Trade debts | 44 | €2,386,933 | €1,793,157 | -€593,775 | -24.9% |
| Suppliers | 440/4 | €2,386,933 | €1,793,157 | -€593,775 | -24.9% |
| Taxes, remuneration and social security | 45 | €37,260 | €24,967 | -€12,293 | -33.0% |
| Taxes | 450/3 | €19,289 | €9,635 | -€9,654 | -50.0% |
| Remuneration and social security | 454/9 | €17,970 | €15,332 | -€2,639 | -14.7% |
| Other amounts payable | 47/48 | €41,456 | €31,335 | -€10,122 | -24.4% |
| Remuneration, social security and pensions | 62 | €68,992 | €15,077 | -€53,915 | -78.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,675 | €19,377 | +€11,702 | +152.5% |
| Other operating charges | 640/8 | €387 | €1,497 | +€1,110 | +286.6% |
| Gross operating margin | 9900 | €108,455 | €81,372 | -€27,083 | -25.0% |
| Operating profit (loss) | 9901 | €31,401 | €45,421 | +€14,020 | +44.6% |
| Financial income | 75/76B | €113,418 | €1,708 | -€111,711 | -98.5% |
| Recurring financial income | 75 | €113,418 | €1,708 | -€111,711 | -98.5% |
| Financial charges | 65/66B | €91,493 | €16,215 | -€75,279 | -82.3% |
| Recurring financial charges | 65 | €91,493 | €16,215 | -€75,279 | -82.3% |
| Profit (loss) for the period before taxes | 9903 | €53,326 | €30,914 | -€22,413 | -42.0% |
| Income taxes | 67/77 | €10,665 | €6,387 | -€4,278 | -40.1% |
| Profit (loss) for the period | 9904 | €42,661 | €24,527 | -€18,134 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,661 | €24,527 | -€18,134 | -42.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.