SMIDA: 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.
SMIDA
Largest movements
- Cash +€2,163
new in 2025: €2,163
mainly Net result for the year (+€31,085) and Tax, wage and social debts (+€6,579)
- Other debts -€35,500
down €35,500 (-27.6%), from €128,580 to €93,080
- Profit (loss) carried forward +€31,085
up €31,085 (+27.4%), from -€113,517 to -€82,433
- Tax, wage and social debts +€6,579
up €6,579 (+34.0%), from €19,331 to €25,910
- Gross operating margin +€1,518
up €1,518 (+5.1%), from €29,808 to €31,327
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 | €42,120 | €44,283 | +€2,163 | +5.1% |
| Fixed assets | 21/28 | €120 | €120 | = | 0.0% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €42,000 | €44,163 | +€2,163 | +5.2% |
| Amounts receivable within one year | 40/41 | €42,000 | €42,000 | = | 0.0% |
| Trade receivables | 40 | €42,000 | €42,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €2,163 | +€2,163 | |
| Total equity and liabilities | 10/49 | €42,120 | €44,283 | +€2,163 | +5.1% |
| Equity | 10/15 | -€112,743 | -€81,659 | +€31,085 | +27.6% |
| Reserves | 13 | €774 | €774 | = | 0.0% |
| Non-distributable reserves | 130/1 | €774 | €774 | = | 0.0% |
| Reserves not available under the articles | 1311 | €774 | €774 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,517 | -€82,433 | +€31,085 | +27.4% |
| Amounts payable | 17/49 | €154,863 | €125,942 | -€28,921 | -18.7% |
| Amounts payable within one year | 42/48 | €154,863 | €125,942 | -€28,921 | -18.7% |
| Trade debts | 44 | €6,951 | €6,951 | = | 0.0% |
| Suppliers | 440/4 | €6,951 | €6,951 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €19,331 | €25,910 | +€6,579 | +34.0% |
| Taxes | 450/3 | €19,331 | €25,910 | +€6,579 | +34.0% |
| Other amounts payable | 47/48 | €128,580 | €93,080 | -€35,500 | -27.6% |
| Other operating charges | 640/8 | €235 | €242 | +€7 | +3.2% |
| Gross operating margin | 9900 | €29,808 | €31,327 | +€1,518 | +5.1% |
| Operating profit (loss) | 9901 | €29,574 | €31,085 | +€1,511 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €29,574 | €31,085 | +€1,511 | +5.1% |
| Profit (loss) for the period | 9904 | €29,574 | €31,085 | +€1,511 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,574 | €31,085 | +€1,511 | +5.1% |
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 9 October 2026 via checked.be.