SMEDIA: 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.
SMEDIA
Largest movements
- Receivables within one year -€20,266
down €20,266 (-11.8%), from €171,348 to €151,082
of which Trade receivables: -€13,773
- Profit (loss) carried forward -€64,969
down €64,969 (-40.7%), from €159,788 to €94,819
- Trade debts +€60,107
up €60,107 (+286%), from €21,034 to €81,142
- Tax, wage and social debts -€12,723
down €12,723 (-81.6%), from €15,584 to €2,861
- Gross operating margin -€73,403
down €73,403, from €10,072 to -€63,331
- Taxes -€2,694
no longer reported in 2025 (was €2,694)
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 | €415,108 | €395,180 | -€19,927 | -4.8% |
| Fixed assets | 21/28 | €243,482 | €243,482 | = | 0.0% |
| Financial fixed assets | 28 | €243,482 | €243,482 | = | 0.0% |
| Current assets | 29/58 | €171,625 | €151,698 | -€19,927 | -11.6% |
| Amounts receivable within one year | 40/41 | €171,348 | €151,082 | -€20,266 | -11.8% |
| Trade receivables | 40 | €13,773 | - | -€13,773 | |
| Other amounts receivable | 41 | €157,576 | €151,082 | -€6,494 | -4.1% |
| Cash at bank and in hand | 54/58 | €21 | €322 | +€301 | +1,410% |
| Deferred charges and accrued income | 490/1 | €256 | €294 | +€38 | +15.0% |
| Total equity and liabilities | 10/49 | €415,108 | €395,180 | -€19,927 | -4.8% |
| Equity | 10/15 | €376,147 | €311,178 | -€64,969 | -17.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €154,359 | €154,359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €148,159 | €148,159 | = | 0.0% |
| Profit (loss) carried forward | 14 | €159,788 | €94,819 | -€64,969 | -40.7% |
| Amounts payable | 17/49 | €38,960 | €84,002 | +€45,042 | +116% |
| Amounts payable within one year | 42/48 | €38,902 | €84,002 | +€45,100 | +116% |
| Trade debts | 44 | €21,034 | €81,142 | +€60,107 | +286% |
| Suppliers | 440/4 | €21,034 | €81,142 | +€60,107 | +286% |
| Taxes, remuneration and social security | 45 | €15,584 | €2,861 | -€12,723 | -81.6% |
| Taxes | 450/3 | €15,584 | €2,861 | -€12,723 | -81.6% |
| Other amounts payable | 47/48 | €2,284 | - | -€2,284 | |
| Accrued charges and deferred income | 492/3 | €58 | - | -€58 | |
| Other operating charges | 640/8 | €404 | €1,034 | +€630 | +156% |
| Gross operating margin | 9900 | €10,072 | -€63,331 | -€73,403 | |
| Operating profit (loss) | 9901 | €9,668 | -€64,365 | -€74,033 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,150 | €605 | -€546 | -47.4% |
| Recurring financial charges | 65 | €1,150 | €605 | -€546 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | €8,517 | -€64,969 | -€73,487 | |
| Income taxes | 67/77 | €2,694 | - | -€2,694 | |
| Profit (loss) for the period | 9904 | €5,823 | -€64,969 | -€70,792 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,823 | -€64,969 | -€70,792 |
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 16 October 2026 via checked.be.