Smart Food Design: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
Smart Food Design
Largest movements
- Cash -€69,138
down €69,138 (-19.4%), from €357,229 to €288,092
mainly Contributions, distributions and other (-€273,191) and Investment in fixed assets (net) (-€39,706)
- Tangible fixed assets +€22,189
up €22,189 (+37.9%), from €58,481 to €80,671
of which Furniture and vehicles: +€22,086
- Reserves -€170,639
down €170,639 (-39.2%), from €435,324 to €264,685
- Other debts +€97,709
new in 2025: €97,709
- Tax, wage and social debts +€19,406
up €19,406 (+1,439%), from €1,349 to €20,755
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Gross operating margin +€13,352
up €13,352 (+8.7%), from €153,488 to €166,840
- Taxes +€2,743
up €2,743 (+8.9%), from €30,804 to €33,547
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €444,537 | €403,173 | -€41,364 | -9.3% |
| Fixed assets | 21/28 | €58,481 | €80,671 | +€22,189 | +37.9% |
| Tangible fixed assets | 22/27 | €58,481 | €80,671 | +€22,189 | +37.9% |
| Plant, machinery and equipment | 23 | €14,097 | €14,300 | +€203 | +1.4% |
| Furniture and vehicles | 24 | €42,885 | €64,971 | +€22,086 | +51.5% |
| Other tangible fixed assets | 26 | €1,500 | €1,400 | -€100 | -6.7% |
| Current assets | 29/58 | €386,055 | €322,502 | -€63,553 | -16.5% |
| Amounts receivable within one year | 40/41 | €27,070 | €30,891 | +€3,821 | +14.1% |
| Trade receivables | 40 | €22,808 | €25,104 | +€2,296 | +10.1% |
| Other amounts receivable | 41 | €4,262 | €5,787 | +€1,525 | +35.8% |
| Cash at bank and in hand | 54/58 | €357,229 | €288,092 | -€69,138 | -19.4% |
| Deferred charges and accrued income | 490/1 | €1,755 | €3,520 | +€1,764 | +100% |
| Total equity and liabilities | 10/49 | €444,537 | €403,173 | -€41,364 | -9.3% |
| Equity | 10/15 | €441,524 | €283,285 | -€158,239 | -35.8% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €435,324 | €264,685 | -€170,639 | -39.2% |
| Distributable reserves | 133 | €435,324 | €264,685 | -€170,639 | -39.2% |
| Amounts payable | 17/49 | €3,013 | €119,888 | +€116,875 | +3,879% |
| Amounts payable within one year | 42/48 | €2,410 | €119,888 | +€117,478 | +4,874% |
| Trade debts | 44 | €1,061 | €1,424 | +€362 | +34.1% |
| Suppliers | 440/4 | €1,061 | €1,424 | +€362 | +34.1% |
| Taxes, remuneration and social security | 45 | €1,349 | €20,755 | +€19,406 | +1,439% |
| Taxes | 450/3 | €1,349 | €20,755 | +€19,406 | +1,439% |
| Other amounts payable | 47/48 | - | €97,709 | +€97,709 | |
| Accrued charges and deferred income | 492/3 | €602 | - | -€602 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,033 | €17,517 | +€1,484 | +9.3% |
| Other operating charges | 640/8 | €982 | €1,013 | +€31 | +3.2% |
| Gross operating margin | 9900 | €153,488 | €166,840 | +€13,352 | +8.7% |
| Operating profit (loss) | 9901 | €136,473 | €148,310 | +€11,837 | +8.7% |
| Financial income | 75/76B | €198 | €282 | +€84 | +42.3% |
| Recurring financial income | 75 | €198 | €282 | +€84 | +42.3% |
| Financial charges | 65/66B | €154 | €93 | -€62 | -40.0% |
| Recurring financial charges | 65 | €154 | €93 | -€62 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €136,516 | €148,499 | +€11,982 | +8.8% |
| Income taxes | 67/77 | €30,804 | €33,547 | +€2,743 | +8.9% |
| Profit (loss) for the period | 9904 | €105,713 | €114,952 | +€9,239 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €105,713 | €114,952 | +€9,239 | +8.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.