SMAYI: 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.
SMAYI
Largest movements
- Receivables within one year +€2,614
up €2,614 (+1279.5%), from €204 to €2,819
- Stocks and contracts +€743
up €743 (+17.3%), from €4,292 to €5,035
- Cash -€221
down €221 (-77.4%), from €286 to €65
mainly Receivables within one year (-€2,614) and Stocks and contracts (-€743)
- Profit (loss) carried forward +€3,070
up €3,070, from -€2,548 to €522
- Tax, wage and social debts +€166
up €166 (+7.4%), from €2,230 to €2,396
- Trade debts -€100
no longer reported in 2025 (was €100)
- Other operating charges +€239
up €239 (+25.1%), from €955 to €1,195
- Gross operating margin -€171
down €171 (-3.8%), from €4,542 to €4,371
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 | €4,782 | €7,918 | +€3,136 | +65.6% |
| Current assets | 29/58 | €4,782 | €7,918 | +€3,136 | +65.6% |
| Stocks and contracts in progress | 3 | €4,292 | €5,035 | +€743 | +17.3% |
| Stocks | 30/36 | €4,292 | €5,035 | +€743 | +17.3% |
| Amounts receivable within one year | 40/41 | €204 | €2,819 | +€2,614 | +1279.5% |
| Other amounts receivable | 41 | €204 | €2,819 | +€2,614 | +1279.5% |
| Cash at bank and in hand | 54/58 | €286 | €65 | -€221 | -77.4% |
| Total equity and liabilities | 10/49 | €4,782 | €7,918 | +€3,136 | +65.6% |
| Equity | 10/15 | €2,452 | €5,522 | +€3,070 | +125.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,548 | €522 | +€3,070 | |
| Amounts payable | 17/49 | €2,330 | €2,396 | +€66 | +2.8% |
| Amounts payable within one year | 42/48 | €2,330 | €2,396 | +€66 | +2.8% |
| Trade debts | 44 | €100 | - | -€100 | |
| Suppliers | 440/4 | €100 | - | -€100 | |
| Taxes, remuneration and social security | 45 | €2,230 | €2,396 | +€166 | +7.4% |
| Taxes | 450/3 | €2,230 | €2,396 | +€166 | +7.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Other operating charges | 640/8 | €955 | €1,195 | +€239 | +25.1% |
| Gross operating margin | 9900 | €4,542 | €4,371 | -€171 | -3.8% |
| Operating profit (loss) | 9901 | €3,586 | €3,176 | -€410 | -11.4% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €94 | €107 | +€13 | +13.8% |
| Recurring financial charges | 65 | €94 | €107 | +€13 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €3,499 | €3,070 | -€429 | -12.3% |
| Profit (loss) for the period | 9904 | €3,499 | €3,070 | -€429 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,499 | €3,070 | -€429 | -12.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.