SMATCOM: 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.
SMATCOM
Largest movements
- Cash +€170,214
up €170,214 (+331.0%), from €51,422 to €221,635
mainly Net result for the year (+€149,339) and Tax, wage and social debts (+€30,014)
- Tangible fixed assets +€4,114
up €4,114 (+36.2%), from €11,368 to €15,481
of which Furniture and vehicles: +€4,670
- Profit (loss) carried forward +€149,339
up €149,339 (+241.0%), from €61,958 to €211,297
- Tax, wage and social debts +€30,014
up €30,014 (+97.5%), from €30,798 to €60,813
- Other debts -€4,961
down €4,961 (-58.8%), from €8,443 to €3,482
- Gross operating margin +€104,146
up €104,146 (+107.4%), from €96,951 to €201,098
- Taxes +€24,996
up €24,996 (+125.9%), from €19,854 to €44,850
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 | €109,948 | €282,374 | +€172,426 | +156.8% |
| Fixed assets | 21/28 | €11,368 | €15,481 | +€4,114 | +36.2% |
| Tangible fixed assets | 22/27 | €11,368 | €15,481 | +€4,114 | +36.2% |
| Plant, machinery and equipment | 23 | €10,673 | €10,117 | -€556 | -5.2% |
| Furniture and vehicles | 24 | €695 | €5,365 | +€4,670 | +672.3% |
| Current assets | 29/58 | €98,580 | €266,893 | +€168,312 | +170.7% |
| Amounts receivable within one year | 40/41 | €47,060 | €45,158 | -€1,901 | -4.0% |
| Trade receivables | 40 | €47,060 | €45,158 | -€1,901 | -4.0% |
| Cash at bank and in hand | 54/58 | €51,422 | €221,635 | +€170,214 | +331.0% |
| Deferred charges and accrued income | 490/1 | €99 | €99 | = | 0.0% |
| Total equity and liabilities | 10/49 | €109,948 | €282,374 | +€172,426 | +156.8% |
| Equity | 10/15 | €64,458 | €213,797 | +€149,339 | +231.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,958 | €211,297 | +€149,339 | +241.0% |
| Amounts payable | 17/49 | €45,490 | €68,577 | +€23,087 | +50.8% |
| Amounts payable within one year | 42/48 | €45,465 | €68,459 | +€22,994 | +50.6% |
| Trade debts | 44 | €6,223 | €4,164 | -€2,059 | -33.1% |
| Suppliers | 440/4 | €6,223 | €4,164 | -€2,059 | -33.1% |
| Taxes, remuneration and social security | 45 | €30,798 | €60,813 | +€30,014 | +97.5% |
| Taxes | 450/3 | €30,798 | €60,813 | +€30,014 | +97.5% |
| Other amounts payable | 47/48 | €8,443 | €3,482 | -€4,961 | -58.8% |
| Accrued charges and deferred income | 492/3 | €24 | €118 | +€93 | +382.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,277 | €3,621 | +€343 | +10.5% |
| Other operating charges | 640/8 | €121 | €250 | +€130 | +107.4% |
| Gross operating margin | 9900 | €96,951 | €201,098 | +€104,146 | +107.4% |
| Operating profit (loss) | 9901 | €93,553 | €197,227 | +€103,674 | +110.8% |
| Financial income | 75/76B | - | €748 | +€748 | |
| Recurring financial income | 75 | - | €748 | +€748 | |
| Financial charges | 65/66B | €4,599 | €3,786 | -€813 | -17.7% |
| Recurring financial charges | 65 | €4,599 | €3,786 | -€813 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €88,955 | €194,189 | +€105,234 | +118.3% |
| Income taxes | 67/77 | €19,854 | €44,850 | +€24,996 | +125.9% |
| Profit (loss) for the period | 9904 | €69,101 | €149,339 | +€80,238 | +116.1% |
| Profit (loss) for the period to be appropriated | 9905 | €69,101 | €149,339 | +€80,238 | +116.1% |
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 8 October 2026 via checked.be.