Smartlux: 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.
Smartlux
Largest movements
- Cash -€132,114
down €132,114 (-35.7%), from €369,658 to €237,544
mainly Contributions, distributions and other (-€127,028) and Receivables within one year (-€104,497)
- Receivables within one year +€104,497
up €104,497 (+86.8%), from €120,457 to €224,955
of which Trade receivables: +€91,853
- Tangible fixed assets +€27,860
up €27,860 (+5.5%), from €502,884 to €530,744
of which Land and buildings: +€26,658
- Stocks and contracts -€23,720
down €23,720 (-43.5%), from €54,575 to €30,855
- Other debts +€59,608
up €59,608 (+49.6%), from €120,239 to €179,847
- Profit (loss) carried forward -€39,811
down €39,811 (-31.3%), from €127,028 to €87,217
- Debts after one year -€39,541
down €39,541 (-8.9%), from €442,985 to €403,444
- Gross operating margin +€34,216
up €34,216 (+17.2%), from €199,180 to €233,396
- Other operating charges -€10,713
down €10,713 (-84.8%), from €12,639 to €1,926
- Taxes +€7,356
up €7,356 (+49.3%), from €14,910 to €22,265
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 | €1,083,932 | €1,056,257 | -€27,675 | -2.6% |
| Fixed assets | 21/28 | €508,494 | €536,354 | +€27,860 | +5.5% |
| Tangible fixed assets | 22/27 | €502,884 | €530,744 | +€27,860 | +5.5% |
| Land and buildings | 22 | €469,738 | €496,396 | +€26,658 | +5.7% |
| Plant, machinery and equipment | 23 | €21,947 | €24,425 | +€2,478 | +11.3% |
| Furniture and vehicles | 24 | €11,199 | €9,923 | -€1,276 | -11.4% |
| Financial fixed assets | 28 | €5,610 | €5,610 | = | 0.0% |
| Current assets | 29/58 | €575,438 | €519,902 | -€55,535 | -9.7% |
| Stocks and contracts in progress | 3 | €54,575 | €30,855 | -€23,720 | -43.5% |
| Stocks | 30/36 | €54,575 | €30,855 | -€23,720 | -43.5% |
| Amounts receivable within one year | 40/41 | €120,457 | €224,955 | +€104,497 | +86.8% |
| Trade receivables | 40 | €115,367 | €207,220 | +€91,853 | +79.6% |
| Other amounts receivable | 41 | €5,090 | €17,735 | +€12,644 | +248.4% |
| Cash at bank and in hand | 54/58 | €369,658 | €237,544 | -€132,114 | -35.7% |
| Deferred charges and accrued income | 490/1 | €30,747 | €26,549 | -€4,198 | -13.7% |
| Total equity and liabilities | 10/49 | €1,083,932 | €1,056,257 | -€27,675 | -2.6% |
| Equity | 10/15 | €322,294 | €282,482 | -€39,811 | -12.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €190,265 | €190,265 | = | 0.0% |
| Distributable reserves | 133 | €190,265 | €190,265 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,028 | €87,217 | -€39,811 | -31.3% |
| Amounts payable | 17/49 | €761,638 | €773,774 | +€12,136 | +1.6% |
| Amounts payable after more than one year | 17 | €442,985 | €403,444 | -€39,541 | -8.9% |
| Financial debts | 170/4 | €442,985 | €403,444 | -€39,541 | -8.9% |
| Amounts payable within one year | 42/48 | €318,653 | €370,330 | +€51,677 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €41,456 | €39,541 | -€1,915 | -4.6% |
| Trade debts | 44 | €92,141 | €86,329 | -€5,812 | -6.3% |
| Suppliers | 440/4 | €92,141 | €86,329 | -€5,812 | -6.3% |
| Taxes, remuneration and social security | 45 | €64,818 | €64,614 | -€204 | -0.3% |
| Taxes | 450/3 | €56,238 | €50,727 | -€5,511 | -9.8% |
| Remuneration and social security | 454/9 | €8,580 | €13,886 | +€5,307 | +61.9% |
| Other amounts payable | 47/48 | €120,239 | €179,847 | +€59,608 | +49.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €63,790 | €64,331 | +€542 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,701 | €35,880 | +€2,179 | +6.5% |
| Other operating charges | 640/8 | €12,639 | €1,926 | -€10,713 | -84.8% |
| Gross operating margin | 9900 | €199,180 | €233,396 | +€34,216 | +17.2% |
| Operating profit (loss) | 9901 | €89,050 | €131,259 | +€42,209 | +47.4% |
| Financial income | 75/76B | €1,163 | €391 | -€772 | -66.4% |
| Recurring financial income | 75 | €1,163 | €391 | -€772 | -66.4% |
| Financial charges | 65/66B | €24,234 | €22,167 | -€2,067 | -8.5% |
| Recurring financial charges | 65 | €24,234 | €22,167 | -€2,067 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €65,979 | €109,482 | +€43,503 | +65.9% |
| Income taxes | 67/77 | €14,910 | €22,265 | +€7,356 | +49.3% |
| Profit (loss) for the period | 9904 | €51,069 | €87,217 | +€36,148 | +70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,069 | €87,217 | +€36,148 | +70.8% |
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 11 October 2026 via checked.be.