SMARTIA: 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.
SMARTIA
Largest movements
- Receivables within one year +€8,057
up €8,057 (+73.8%), from €10,918 to €18,975
- Tangible fixed assets -€6,392
down €6,392 (-6.7%), from €94,883 to €88,490
of which Land and buildings: -€5,612
- Cash +€1,528
up €1,528 (+480%), from €318 to €1,846
mainly Trade debts (+€7,528) and Depreciation (+€6,392)
- Trade debts +€7,528
up €7,528 (+207%), from €3,640 to €11,168
- Short-term financial debts -€4,913
no longer reported in 2025 (was €4,913)
- Profit (loss) carried forward +€4,349
up €4,349 (+56.6%), from -€7,677 to -€3,329
- Debts after one year -€3,171
down €3,171 (-5.1%), from €62,118 to €58,947
of which Financial debts: -€3,171
- Tax, wage and social debts -€2,480
down €2,480 (-41.7%), from €5,939 to €3,460
- Gross operating margin +€3,860
up €3,860 (+31.5%), from €12,246 to €16,106
- Other operating charges -€1,915
down €1,915 (-55.9%), from €3,424 to €1,509
- Depreciation -€715
down €715 (-10.1%), from €7,108 to €6,392
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 | €106,911 | €110,024 | +€3,113 | +2.9% |
| Fixed assets | 21/28 | €94,883 | €88,490 | -€6,392 | -6.7% |
| Tangible fixed assets | 22/27 | €94,883 | €88,490 | -€6,392 | -6.7% |
| Land and buildings | 22 | €90,682 | €85,070 | -€5,612 | -6.2% |
| Plant, machinery and equipment | 23 | €127 | - | -€127 | |
| Other tangible fixed assets | 26 | €4,074 | €3,420 | -€654 | -16.1% |
| Current assets | 29/58 | €12,028 | €21,533 | +€9,505 | +79.0% |
| Amounts receivable within one year | 40/41 | €10,918 | €18,975 | +€8,057 | +73.8% |
| Trade receivables | 40 | €10,918 | €18,975 | +€8,057 | +73.8% |
| Cash at bank and in hand | 54/58 | €318 | €1,846 | +€1,528 | +480% |
| Deferred charges and accrued income | 490/1 | €792 | €712 | -€80 | -10.1% |
| Total equity and liabilities | 10/49 | €106,911 | €110,024 | +€3,113 | +2.9% |
| Equity | 10/15 | €12,783 | €17,131 | +€4,349 | +34.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,677 | -€3,329 | +€4,349 | +56.6% |
| Amounts payable | 17/49 | €94,128 | €92,892 | -€1,236 | -1.3% |
| Amounts payable after more than one year | 17 | €62,118 | €58,947 | -€3,171 | -5.1% |
| Financial debts | 170/4 | €60,818 | €57,647 | -€3,171 | -5.2% |
| Other amounts payable | 178/9 | €1,300 | €1,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €30,949 | €32,858 | +€1,909 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €3,095 | €3,171 | +€76 | +2.4% |
| Financial debts | 43 | €4,913 | - | -€4,913 | |
| Credit institutions | 430/8 | €4,913 | - | -€4,913 | |
| Trade debts | 44 | €3,640 | €11,168 | +€7,528 | +207% |
| Suppliers | 440/4 | €3,640 | €11,168 | +€7,528 | +207% |
| Taxes, remuneration and social security | 45 | €5,939 | €3,460 | -€2,480 | -41.7% |
| Taxes | 450/3 | €5,939 | €3,460 | -€2,480 | -41.7% |
| Other amounts payable | 47/48 | €13,361 | €15,059 | +€1,698 | +12.7% |
| Accrued charges and deferred income | 492/3 | €1,060 | €1,086 | +€26 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,108 | €6,392 | -€715 | -10.1% |
| Other operating charges | 640/8 | €3,424 | €1,509 | -€1,915 | -55.9% |
| Gross operating margin | 9900 | €12,246 | €16,106 | +€3,860 | +31.5% |
| Operating profit (loss) | 9901 | €1,715 | €8,205 | +€6,491 | +379% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,773 | €3,704 | -€69 | -1.8% |
| Recurring financial charges | 65 | €3,773 | €3,704 | -€69 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,058 | €4,501 | +€6,560 | |
| Income taxes | 67/77 | €168 | €153 | -€15 | -8.9% |
| Profit (loss) for the period | 9904 | -€2,226 | €4,349 | +€6,575 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,226 | €4,349 | +€6,575 |
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 13 October 2026 via checked.be.