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
- Cash -€8,944
down €8,944 (-24.1%), from €37,119 to €28,175
mainly Contributions, distributions and other (-€3,269) and Receivables within one year (-€2,860)
- Receivables within one year +€2,860
up €2,860 (+186%), from €1,541 to €4,401
of which Other amounts receivable: +€2,331
- Tangible fixed assets +€2,230
new in 2025: €2,230
- Financial fixed assets -€418
down €418 (-100%), from €418 to €0
- Reserves -€2,741
down €2,741 (-15.0%), from €18,238 to €15,497
of which Distributable reserves: -€2,741
- Other debts -€1,116
down €1,116 (-8.0%), from €13,897 to €12,781
- Gross operating margin -€6,009
down €6,009 (-75.4%), from €7,969 to €1,959
- Taxes -€2,227
down €2,227 (-93.8%), from €2,375 to €148
- Depreciation +€723
new in 2025: €723
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 | €39,216 | €34,806 | -€4,411 | -11.2% |
| Fixed assets | 21/28 | €418 | €2,230 | +€1,812 | +433% |
| Tangible fixed assets | 22/27 | - | €2,230 | +€2,230 | |
| Plant, machinery and equipment | 23 | - | €2,230 | +€2,230 | |
| Financial fixed assets | 28 | €418 | €0 | -€418 | -100% |
| Current assets | 29/58 | €38,798 | €32,576 | -€6,223 | -16.0% |
| Amounts receivable within one year | 40/41 | €1,541 | €4,401 | +€2,860 | +186% |
| Trade receivables | 40 | €1,176 | €1,705 | +€529 | +45.0% |
| Other amounts receivable | 41 | €365 | €2,696 | +€2,331 | +638% |
| Cash at bank and in hand | 54/58 | €37,119 | €28,175 | -€8,944 | -24.1% |
| Deferred charges and accrued income | 490/1 | €139 | €0 | -€139 | -100% |
| Total equity and liabilities | 10/49 | €39,216 | €34,806 | -€4,411 | -11.2% |
| Equity | 10/15 | €24,438 | €21,697 | -€2,741 | -11.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,238 | €15,497 | -€2,741 | -15.0% |
| Non-distributable reserves | 130/1 | €187 | €187 | = | 0.0% |
| Reserves not available under the articles | 1311 | €187 | €187 | = | 0.0% |
| Distributable reserves | 133 | €18,051 | €15,310 | -€2,741 | -15.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €14,779 | €13,109 | -€1,670 | -11.3% |
| Amounts payable within one year | 42/48 | €14,779 | €13,109 | -€1,670 | -11.3% |
| Trade debts | 44 | €605 | €226 | -€379 | -62.7% |
| Suppliers | 440/4 | €605 | €226 | -€379 | -62.7% |
| Taxes, remuneration and social security | 45 | €277 | €102 | -€175 | -63.1% |
| Taxes | 450/3 | €277 | €102 | -€175 | -63.1% |
| Other amounts payable | 47/48 | €13,897 | €12,781 | -€1,116 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €723 | +€723 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €7,969 | €1,959 | -€6,009 | -75.4% |
| Operating profit (loss) | 9901 | €7,463 | €717 | -€6,746 | -90.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €75 | €40 | -€34 | -45.9% |
| Recurring financial charges | 65 | €75 | €40 | -€34 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €7,389 | €677 | -€6,712 | -90.8% |
| Income taxes | 67/77 | €2,375 | €148 | -€2,227 | -93.8% |
| Profit (loss) for the period | 9904 | €5,014 | €529 | -€4,485 | -89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,014 | €529 | -€4,485 | -89.5% |
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 19 October 2026 via checked.be.