SMARTFIBER: 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.
SMARTFIBER
Largest movements
- Receivables within one year +€50,766
up €50,766 (+32.7%), from €155,132 to €205,898
of which Other amounts receivable: +€67,306
- Cash -€6,934
no longer reported in 2025 (was €6,934)
mainly Receivables within one year (-€50,766) and Contributions, distributions and other (-€22,845)
- Tangible fixed assets -€6,237
down €6,237 (-65.2%), from €9,568 to €3,331
- Other debts +€22,845
new in 2025: €22,845
- Short-term financial debts +€18,180
up €18,180 (+5202.5%), from €349 to €18,530
- Tax, wage and social debts -€16,787
down €16,787 (-42.3%), from €39,684 to €22,897
- Reserves +€12,414
up €12,414 (+9.9%), from €125,067 to €137,481
- Gross operating margin -€44,877
down €44,877 (-43.9%), from €102,307 to €57,430
- Taxes -€11,350
down €11,350 (-33.2%), from €34,183 to €22,833
- Financial income +€6,200
up €6,200 (+130.4%), from €4,755 to €10,955
- Other operating charges +€5,360
up €5,360 (+512.6%), from €1,046 to €6,406
- Write-downs -€4,473
new in 2025: -€4,473
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 | €172,252 | €209,624 | +€37,372 | +21.7% |
| Fixed assets | 21/28 | €9,568 | €3,331 | -€6,237 | -65.2% |
| Tangible fixed assets | 22/27 | €9,568 | €3,331 | -€6,237 | -65.2% |
| Furniture and vehicles | 24 | €9,568 | €3,331 | -€6,237 | -65.2% |
| Current assets | 29/58 | €162,684 | €206,293 | +€43,609 | +26.8% |
| Amounts receivable within one year | 40/41 | €155,132 | €205,898 | +€50,766 | +32.7% |
| Trade receivables | 40 | €24,353 | €7,812 | -€16,541 | -67.9% |
| Other amounts receivable | 41 | €130,780 | €198,086 | +€67,306 | +51.5% |
| Cash at bank and in hand | 54/58 | €6,934 | - | -€6,934 | |
| Deferred charges and accrued income | 490/1 | €618 | €394 | -€223 | -36.1% |
| Total equity and liabilities | 10/49 | €172,252 | €209,624 | +€37,372 | +21.7% |
| Equity | 10/15 | €131,267 | €143,681 | +€12,414 | +9.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €125,067 | €137,481 | +€12,414 | +9.9% |
| Distributable reserves | 133 | €125,067 | €137,481 | +€12,414 | +9.9% |
| Amounts payable | 17/49 | €40,985 | €65,943 | +€24,958 | +60.9% |
| Amounts payable within one year | 42/48 | €40,985 | €65,943 | +€24,958 | +60.9% |
| Financial debts | 43 | €349 | €18,530 | +€18,180 | +5202.5% |
| Credit institutions | 430/8 | €349 | €18,530 | +€18,180 | +5202.5% |
| Trade debts | 44 | €952 | €1,670 | +€719 | +75.5% |
| Suppliers | 440/4 | €952 | €1,670 | +€719 | +75.5% |
| Taxes, remuneration and social security | 45 | €39,684 | €22,897 | -€16,787 | -42.3% |
| Taxes | 450/3 | €39,684 | €22,897 | -€16,787 | -42.3% |
| Other amounts payable | 47/48 | - | €22,845 | +€22,845 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,465 | €7,324 | -€1,141 | -13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€4,473 | -€4,473 | |
| Other operating charges | 640/8 | €1,046 | €6,406 | +€5,360 | +512.6% |
| Gross operating margin | 9900 | €102,307 | €57,430 | -€44,877 | -43.9% |
| Operating profit (loss) | 9901 | €92,797 | €48,173 | -€44,623 | -48.1% |
| Financial income | 75/76B | €4,755 | €10,955 | +€6,200 | +130.4% |
| Recurring financial income | 75 | €4,755 | €10,955 | +€6,200 | +130.4% |
| Financial charges | 65/66B | €185 | €1,036 | +€851 | +461.0% |
| Recurring financial charges | 65 | €185 | €1,036 | +€851 | +461.0% |
| Profit (loss) for the period before taxes | 9903 | €97,367 | €58,093 | -€39,275 | -40.3% |
| Income taxes | 67/77 | €34,183 | €22,833 | -€11,350 | -33.2% |
| Profit (loss) for the period | 9904 | €63,184 | €35,259 | -€27,925 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €63,184 | €35,259 | -€27,925 | -44.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.