Smartelia Finance: what changed
Smartelia Finance
Largest movements
- Receivables within one year +€35,385
up €35,385 (+336%), from €10,528 to €45,913
of which Trade receivables: +€30,655
- Cash -€2,512
down €2,512 (-3.7%), from €68,071 to €65,559
mainly Receivables within one year (-€35,385)
- Trade debts +€29,831
up €29,831 (+38.9%), from €76,675 to €106,506
- Profit (loss) carried forward +€2,579
up €2,579 (+9,552%), from €27 to €2,606
- Gross operating margin +€2,058
up €2,058 (+101%), from €2,039 to €4,097
- Taxes +€851
up €851 (+9,456%), from €9 to €860
- Other operating charges -€789
no longer reported in 2025 (was €789)
- Write-downs +€399
new in 2025: €399
- Financial charges +€191
up €191 (+269%), from €71 to €262
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 | €78,599 | €111,472 | +€32,873 | +41.8% |
| Current assets | 29/58 | €78,599 | €111,472 | +€32,873 | +41.8% |
| Amounts receivable within one year | 40/41 | €10,528 | €45,913 | +€35,385 | +336% |
| Trade receivables | 40 | €10,453 | €41,108 | +€30,655 | +293% |
| Other amounts receivable | 41 | €75 | €4,805 | +€4,730 | +6,307% |
| Cash at bank and in hand | 54/58 | €68,071 | €65,559 | -€2,512 | -3.7% |
| Total equity and liabilities | 10/49 | €78,599 | €111,472 | +€32,873 | +41.8% |
| Equity | 10/15 | €1,527 | €4,106 | +€2,579 | +169% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27 | €2,606 | +€2,579 | +9,552% |
| Amounts payable | 17/49 | €77,072 | €107,366 | +€30,294 | +39.3% |
| Amounts payable within one year | 42/48 | €77,072 | €107,366 | +€30,294 | +39.3% |
| Trade debts | 44 | €76,675 | €106,506 | +€29,831 | +38.9% |
| Suppliers | 440/4 | €76,675 | €106,506 | +€29,831 | +38.9% |
| Taxes, remuneration and social security | 45 | €397 | €860 | +€463 | +117% |
| Taxes | 450/3 | €397 | €860 | +€463 | +117% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €399 | +€399 | |
| Other operating charges | 640/8 | €789 | - | -€789 | |
| Gross operating margin | 9900 | €2,039 | €4,097 | +€2,058 | +101% |
| Operating profit (loss) | 9901 | €1,250 | €3,698 | +€2,448 | +196% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €71 | €262 | +€191 | +269% |
| Recurring financial charges | 65 | €71 | €262 | +€191 | +269% |
| Profit (loss) for the period before taxes | 9903 | €1,179 | €3,439 | +€2,260 | +192% |
| Income taxes | 67/77 | €9 | €860 | +€851 | +9,456% |
| Profit (loss) for the period | 9904 | €1,170 | €2,579 | +€1,409 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €1,170 | €2,579 | +€1,409 | +120% |
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 4 November 2026 via checked.be.