Smay.Dia: 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.
Smay.Dia
Largest movements
- Cash -€29,589
down €29,589 (-28.6%), from €103,531 to €73,942
mainly Receivables within one year (-€29,373) and Debts after one year (-€23,537)
- Receivables within one year +€29,373
up €29,373 (+99.0%), from €29,674 to €59,047
of which Trade receivables: +€15,288
- Tangible fixed assets -€12,904
down €12,904 (-12.3%), from €104,694 to €91,790
of which Furniture and vehicles: -€12,575
- Debts after one year -€23,537
down €23,537 (-29.3%), from €80,325 to €56,787
- Current portion of long-term debt +€9,197
up €9,197 (+25.5%), from €36,002 to €45,199
- Reserves +€5,053
up €5,053 (+6.5%), from €77,692 to €82,744
- Other debts -€4,823
down €4,823 (-89.2%), from €5,406 to €583
- Tax, wage and social debts -€3,252
down €3,252 (-8.7%), from €37,316 to €34,064
of which Remuneration and social security: -€3,000
- Gross operating margin -€114,073
down €114,073 (-62.8%), from €181,695 to €67,622
- Taxes -€24,362
down €24,362 (-89.2%), from €27,310 to €2,948
- Other operating charges -€8,790
down €8,790 (-32.1%), from €27,392 to €18,602
- Financial charges -€4,572
down €4,572 (-45.9%), from €9,970 to €5,398
- Financial income -€3,760
down €3,760 (-100.0%), from €3,760 to €0
of which Non-recurring financial income: -€3,688
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 | €253,963 | €238,680 | -€15,283 | -6.0% |
| Formation expenses | 20 | €1,264 | €901 | -€364 | -28.8% |
| Fixed assets | 21/28 | €117,694 | €104,790 | -€12,904 | -11.0% |
| Tangible fixed assets | 22/27 | €104,694 | €91,790 | -€12,904 | -12.3% |
| Plant, machinery and equipment | 23 | €1,286 | €957 | -€329 | -25.6% |
| Furniture and vehicles | 24 | €103,408 | €90,833 | -€12,575 | -12.2% |
| Financial fixed assets | 28 | €13,000 | €13,000 | = | 0.0% |
| Current assets | 29/58 | €135,004 | €132,989 | -€2,015 | -1.5% |
| Amounts receivable within one year | 40/41 | €29,674 | €59,047 | +€29,373 | +99.0% |
| Trade receivables | 40 | €29,454 | €44,742 | +€15,288 | +51.9% |
| Other amounts receivable | 41 | €220 | €14,305 | +€14,086 | +6,413% |
| Cash at bank and in hand | 54/58 | €103,531 | €73,942 | -€29,589 | -28.6% |
| Deferred charges and accrued income | 490/1 | €1,800 | €0 | -€1,800 | -100% |
| Total equity and liabilities | 10/49 | €253,963 | €238,680 | -€15,283 | -6.0% |
| Equity | 10/15 | €87,692 | €92,744 | +€5,053 | +5.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €77,692 | €82,744 | +€5,053 | +6.5% |
| Distributable reserves | 133 | €77,692 | €82,744 | +€5,053 | +6.5% |
| Amounts payable | 17/49 | €166,271 | €145,936 | -€20,336 | -12.2% |
| Amounts payable after more than one year | 17 | €80,325 | €56,787 | -€23,537 | -29.3% |
| Financial debts | 170/4 | €80,325 | €56,787 | -€23,537 | -29.3% |
| Amounts payable within one year | 42/48 | €85,947 | €89,148 | +€3,202 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €36,002 | €45,199 | +€9,197 | +25.5% |
| Financial debts | 43 | - | €1,705 | +€1,705 | |
| Credit institutions | 430/8 | - | €1,705 | +€1,705 | |
| Trade debts | 44 | €7,223 | €7,597 | +€374 | +5.2% |
| Suppliers | 440/4 | €7,223 | €7,597 | +€374 | +5.2% |
| Taxes, remuneration and social security | 45 | €37,316 | €34,064 | -€3,252 | -8.7% |
| Taxes | 450/3 | €34,316 | €34,064 | -€252 | -0.7% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €5,406 | €583 | -€4,823 | -89.2% |
| Remuneration, social security and pensions | 62 | €4,035 | €297 | -€3,738 | -92.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,197 | €34,492 | -€3,705 | -9.7% |
| Other operating charges | 640/8 | €27,392 | €18,602 | -€8,790 | -32.1% |
| Gross operating margin | 9900 | €181,695 | €67,622 | -€114,073 | -62.8% |
| Operating profit (loss) | 9901 | €112,070 | €14,231 | -€97,839 | -87.3% |
| Financial income | 75/76B | €3,760 | €0 | -€3,760 | -100.0% |
| Recurring financial income | 75 | €72 | €0 | -€72 | -99.9% |
| Non-recurring financial income | 76B | €3,688 | €0 | -€3,688 | -100.0% |
| Financial charges | 65/66B | €9,970 | €5,398 | -€4,572 | -45.9% |
| Recurring financial charges | 65 | €9,970 | €5,398 | -€4,572 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €105,860 | €8,833 | -€97,027 | -91.7% |
| Income taxes | 67/77 | €27,310 | €2,948 | -€24,362 | -89.2% |
| Profit (loss) for the period | 9904 | €78,551 | €5,886 | -€72,665 | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €78,551 | €5,886 | -€72,665 | -92.5% |
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 15 October 2026 via checked.be.