SMARTELIA: 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.
SMARTELIA
Largest movements
- Receivables within one year +€235,690
up €235,690 (+42.9%), from €549,969 to €785,659
of which Other amounts receivable: +€488,387
- Cash -€135,977
down €135,977 (-72.2%), from €188,298 to €52,321
mainly Receivables within one year (-€235,690) and Tax, wage and social debts (-€90,974)
- Deferred charges and accrued income -€52,400
down €52,400 (-81.9%), from €64,000 to €11,600
- Intangible fixed assets +€8,687
new in 2025: €8,687
- Trade debts +€202,581
up €202,581 (+50.6%), from €400,420 to €603,001
- Tax, wage and social debts -€90,974
down €90,974 (-39.7%), from €229,109 to €138,135
- Other debts -€65,792
down €65,792 (-54.3%), from €121,104 to €55,312
- Short-term financial debts +€14,660
new in 2025: €14,660
- Gross operating margin -€69,964
down €69,964 (-53.5%), from €130,767 to €60,803
- Taxes -€62,299
down €62,299 (-96.3%), from €64,722 to €2,423
- Financial income -€17,800
down €17,800 (-85.5%), from €20,825 to €3,025
- Other operating charges +€3,161
up €3,161 (+815%), from €388 to €3,549
- Depreciation +€2,413
new in 2025: €2,413
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 | €802,267 | €858,267 | +€56,000 | +7.0% |
| Fixed assets | 21/28 | - | €8,687 | +€8,687 | |
| Intangible fixed assets | 21 | - | €8,687 | +€8,687 | |
| Current assets | 29/58 | €802,267 | €849,580 | +€47,313 | +5.9% |
| Amounts receivable within one year | 40/41 | €549,969 | €785,659 | +€235,690 | +42.9% |
| Trade receivables | 40 | €549,969 | €297,272 | -€252,697 | -45.9% |
| Other amounts receivable | 41 | - | €488,387 | +€488,387 | |
| Cash at bank and in hand | 54/58 | €188,298 | €52,321 | -€135,977 | -72.2% |
| Deferred charges and accrued income | 490/1 | €64,000 | €11,600 | -€52,400 | -81.9% |
| Total equity and liabilities | 10/49 | €802,267 | €858,267 | +€56,000 | +7.0% |
| Equity | 10/15 | €24,753 | €27,577 | +€2,824 | +11.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,537 | €1,537 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,537 | €1,537 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,537 | €1,537 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,016 | €19,840 | +€2,824 | +16.6% |
| Amounts payable | 17/49 | €777,514 | €830,690 | +€53,176 | +6.8% |
| Amounts payable within one year | 42/48 | €750,633 | €811,108 | +€60,475 | +8.1% |
| Financial debts | 43 | - | €14,660 | +€14,660 | |
| Credit institutions | 430/8 | - | €14,660 | +€14,660 | |
| Trade debts | 44 | €400,420 | €603,001 | +€202,581 | +50.6% |
| Suppliers | 440/4 | €400,420 | €603,001 | +€202,581 | +50.6% |
| Taxes, remuneration and social security | 45 | €229,109 | €138,135 | -€90,974 | -39.7% |
| Taxes | 450/3 | €229,109 | €138,135 | -€90,974 | -39.7% |
| Other amounts payable | 47/48 | €121,104 | €55,312 | -€65,792 | -54.3% |
| Accrued charges and deferred income | 492/3 | €26,881 | €19,582 | -€7,299 | -27.2% |
| Non-recurring operating income | 76A | €565 | - | -€565 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,413 | +€2,413 | |
| Other operating charges | 640/8 | €388 | €3,549 | +€3,161 | +815% |
| Gross operating margin | 9900 | €130,767 | €60,803 | -€69,964 | -53.5% |
| Operating profit (loss) | 9901 | €130,379 | €54,841 | -€75,538 | -57.9% |
| Financial income | 75/76B | €20,825 | €3,025 | -€17,800 | -85.5% |
| Recurring financial income | 75 | €20,825 | €3,025 | -€17,800 | -85.5% |
| Financial charges | 65/66B | €1,729 | €2,619 | +€890 | +51.5% |
| Recurring financial charges | 65 | €1,729 | €2,619 | +€890 | +51.5% |
| Profit (loss) for the period before taxes | 9903 | €149,475 | €55,247 | -€94,228 | -63.0% |
| Income taxes | 67/77 | €64,722 | €2,423 | -€62,299 | -96.3% |
| Profit (loss) for the period | 9904 | €84,753 | €52,824 | -€31,929 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €84,753 | €52,824 | -€31,929 | -37.7% |
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 17 October 2026 via checked.be.