SMARTronics: 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.
SMARTronics
Largest movements
- Tangible fixed assets -€35,160
down €35,160 (-19.4%), from €181,432 to €146,272
of which Leasing and similar rights: -€26,276
- Cash +€23,258
up €23,258 (+205%), from €11,368 to €34,626
mainly Depreciation (+€41,042) and Net result for the year (+€22,070)
- Debts after one year -€30,809
down €30,809 (-47.8%), from €64,474 to €33,665
- Reserves +€22,070
up €22,070 (+23.6%), from €93,593 to €115,662
- Tax, wage and social debts +€9,231
up €9,231 (+94.1%), from €9,806 to €19,037
- Current portion of long-term debt -€4,599
down €4,599 (-13.0%), from €35,408 to €30,809
- Other debts -€4,162
down €4,162 (-100%), from €4,162 to €0
- Gross operating margin -€13,181
down €13,181 (-14.9%), from €88,431 to €75,250
- Depreciation +€4,962
up €4,962 (+13.8%), from €36,081 to €41,042
- Taxes -€2,632
down €2,632 (-27.6%), from €9,543 to €6,911
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 | €234,654 | €223,247 | -€11,408 | -4.9% |
| Fixed assets | 21/28 | €181,432 | €146,272 | -€35,160 | -19.4% |
| Tangible fixed assets | 22/27 | €181,432 | €146,272 | -€35,160 | -19.4% |
| Plant, machinery and equipment | 23 | €1,076 | €6,444 | +€5,368 | +499% |
| Furniture and vehicles | 24 | €7,491 | €4,573 | -€2,917 | -38.9% |
| Leasing and similar rights | 25 | €86,073 | €59,797 | -€26,276 | -30.5% |
| Other tangible fixed assets | 26 | €86,793 | €75,458 | -€11,335 | -13.1% |
| Current assets | 29/58 | €53,222 | €76,975 | +€23,753 | +44.6% |
| Stocks and contracts in progress | 3 | €3,267 | €2,359 | -€908 | -27.8% |
| Stocks | 30/36 | €3,267 | €2,359 | -€908 | -27.8% |
| Amounts receivable within one year | 40/41 | €32,954 | €33,237 | +€283 | +0.9% |
| Trade receivables | 40 | €29,723 | €24,533 | -€5,190 | -17.5% |
| Other amounts receivable | 41 | €3,231 | €8,704 | +€5,473 | +169% |
| Cash at bank and in hand | 54/58 | €11,368 | €34,626 | +€23,258 | +205% |
| Deferred charges and accrued income | 490/1 | €5,632 | €6,753 | +€1,121 | +19.9% |
| Total equity and liabilities | 10/49 | €234,654 | €223,247 | -€11,408 | -4.9% |
| Equity | 10/15 | €105,269 | €127,338 | +€22,070 | +21.0% |
| Contributions | 10/11 | €11,676 | €11,676 | = | 0.0% |
| Reserves | 13 | €93,593 | €115,662 | +€22,070 | +23.6% |
| Distributable reserves | 133 | €93,593 | €115,662 | +€22,070 | +23.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €129,386 | €95,909 | -€33,477 | -25.9% |
| Amounts payable after more than one year | 17 | €64,474 | €33,665 | -€30,809 | -47.8% |
| Financial debts | 170/4 | €64,474 | €33,665 | -€30,809 | -47.8% |
| Amounts payable within one year | 42/48 | €64,912 | €62,227 | -€2,685 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €35,408 | €30,809 | -€4,599 | -13.0% |
| Financial debts | 43 | €25 | €0 | -€25 | -100% |
| Credit institutions | 430/8 | €25 | €0 | -€25 | -100% |
| Trade debts | 44 | €15,511 | €12,380 | -€3,130 | -20.2% |
| Suppliers | 440/4 | €15,511 | €12,380 | -€3,130 | -20.2% |
| Taxes, remuneration and social security | 45 | €9,806 | €19,037 | +€9,231 | +94.1% |
| Taxes | 450/3 | €9,806 | €19,037 | +€9,231 | +94.1% |
| Other amounts payable | 47/48 | €4,162 | €0 | -€4,162 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €17 | +€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,081 | €41,042 | +€4,962 | +13.8% |
| Other operating charges | 640/8 | €1,955 | €1,911 | -€44 | -2.3% |
| Gross operating margin | 9900 | €88,431 | €75,250 | -€13,181 | -14.9% |
| Operating profit (loss) | 9901 | €50,396 | €32,297 | -€18,099 | -35.9% |
| Financial income | 75/76B | €8 | €13 | +€5 | +60.4% |
| Recurring financial income | 75 | €8 | €13 | +€5 | +60.4% |
| Financial charges | 65/66B | €3,651 | €3,329 | -€322 | -8.8% |
| Recurring financial charges | 65 | €3,651 | €3,329 | -€322 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €46,752 | €28,981 | -€17,772 | -38.0% |
| Income taxes | 67/77 | €9,543 | €6,911 | -€2,632 | -27.6% |
| Profit (loss) for the period | 9904 | €37,209 | €22,070 | -€15,139 | -40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,209 | €22,070 | -€15,139 | -40.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.