SMART FRIDGES: 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.
SMART FRIDGES
Largest movements
- Tangible fixed assets +€69,695
up €69,695 (+61.7%), from €113,028 to €182,723
of which Plant, machinery and equipment: +€54,898
- Cash -€20,784
down €20,784 (-43.1%), from €48,234 to €27,451
mainly Investment in fixed assets (net) (-€95,893) and Debts after one year (-€30,078)
- Receivables within one year +€14,351
up €14,351 (+21.7%), from €66,181 to €80,532
of which Trade receivables: +€16,856
- Stocks and contracts +€12,154
up €12,154 (+94.7%), from €12,839 to €24,993
- Short-term financial debts +€56,807
up €56,807 (+133%), from €42,700 to €99,507
- Debts after one year -€30,078
down €30,078 (-57.4%), from €52,405 to €22,327
- Trade debts +€24,913
up €24,913 (+25.2%), from €98,824 to €123,737
- Accrued charges and deferred income +€11,449
new in 2025: €11,449
- Tax, wage and social debts +€8,308
up €8,308 (+37.2%), from €22,361 to €30,670
of which Taxes: +€8,468
- Gross operating margin +€42,516
up €42,516 (+26.5%), from €160,250 to €202,766
- Staff costs +€26,760
up €26,760 (+23.6%), from €113,367 to €140,127
- Financial charges +€12,151
up €12,151 (+52.4%), from €23,167 to €35,318
- Depreciation +€3,579
up €3,579 (+15.8%), from €22,589 to €26,168
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 | €254,773 | €329,525 | +€74,753 | +29.3% |
| Fixed assets | 21/28 | €117,118 | €186,843 | +€69,725 | +59.5% |
| Intangible fixed assets | 21 | €190 | - | -€190 | |
| Tangible fixed assets | 22/27 | €113,028 | €182,723 | +€69,695 | +61.7% |
| Plant, machinery and equipment | 23 | €110,251 | €165,149 | +€54,898 | +49.8% |
| Furniture and vehicles | 24 | €2,777 | €17,573 | +€14,796 | +533% |
| Financial fixed assets | 28 | €3,900 | €4,120 | +€220 | +5.6% |
| Current assets | 29/58 | €137,655 | €142,683 | +€5,028 | +3.7% |
| Stocks and contracts in progress | 3 | €12,839 | €24,993 | +€12,154 | +94.7% |
| Stocks | 30/36 | €12,839 | €24,993 | +€12,154 | +94.7% |
| Amounts receivable within one year | 40/41 | €66,181 | €80,532 | +€14,351 | +21.7% |
| Trade receivables | 40 | €63,676 | €80,532 | +€16,856 | +26.5% |
| Other amounts receivable | 41 | €2,505 | - | -€2,505 | |
| Cash at bank and in hand | 54/58 | €48,234 | €27,451 | -€20,784 | -43.1% |
| Deferred charges and accrued income | 490/1 | €10,401 | €9,707 | -€694 | -6.7% |
| Total equity and liabilities | 10/49 | €254,773 | €329,525 | +€74,753 | +29.3% |
| Equity | 10/15 | €11,095 | €11,537 | +€442 | +4.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,905 | -€13,463 | +€442 | +3.2% |
| Amounts payable | 17/49 | €243,677 | €317,988 | +€74,311 | +30.5% |
| Amounts payable after more than one year | 17 | €52,405 | €22,327 | -€30,078 | -57.4% |
| Financial debts | 170/4 | €52,405 | €22,327 | -€30,078 | -57.4% |
| Amounts payable within one year | 42/48 | €191,272 | €284,212 | +€92,940 | +48.6% |
| Current portion of amounts payable after more than one year | 42 | €27,387 | €30,078 | +€2,691 | +9.8% |
| Financial debts | 43 | €42,700 | €99,507 | +€56,807 | +133% |
| Credit institutions | 430/8 | €42,700 | €99,507 | +€56,807 | +133% |
| Trade debts | 44 | €98,824 | €123,737 | +€24,913 | +25.2% |
| Suppliers | 440/4 | €98,824 | €123,737 | +€24,913 | +25.2% |
| Taxes, remuneration and social security | 45 | €22,361 | €30,670 | +€8,308 | +37.2% |
| Taxes | 450/3 | €10,452 | €18,921 | +€8,468 | +81.0% |
| Remuneration and social security | 454/9 | €11,909 | €11,749 | -€160 | -1.3% |
| Other amounts payable | 47/48 | - | €220 | +€220 | |
| Accrued charges and deferred income | 492/3 | - | €11,449 | +€11,449 | |
| Remuneration, social security and pensions | 62 | €113,367 | €140,127 | +€26,760 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,589 | €26,168 | +€3,579 | +15.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €160,250 | €202,766 | +€42,516 | +26.5% |
| Operating profit (loss) | 9901 | €23,907 | €36,070 | +€12,164 | +50.9% |
| Financial income | 75/76B | €6 | €18 | +€13 | +227% |
| Recurring financial income | 75 | €6 | €18 | +€13 | +227% |
| Financial charges | 65/66B | €23,167 | €35,318 | +€12,151 | +52.4% |
| Recurring financial charges | 65 | €23,167 | €35,318 | +€12,151 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | €745 | €771 | +€26 | +3.5% |
| Income taxes | 67/77 | €303 | €329 | +€26 | +8.4% |
| Profit (loss) for the period | 9904 | €442 | €442 | +€0 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €442 | €442 | +€0 | +0.1% |
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 23 October 2026 via checked.be.