Smart Home Concept: 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.
What changed
Smart Home Concept
NACE 43.120, Site preparation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€10,091
2024 · €8,710+€1,382
Equity
€28,801
2024 · €18,710+€10,091
Cash
€28,407
2024 · €2,545+€25,862
Balance sheet total
€135,131
2024 · €96,086+€39,044
Largest movements
Assets
- Tangible fixed assets -€33,090
down €33,090 (-81.4%), from €40,639 to €7,549
of which Furniture and vehicles: -€37,248
- Cash +€25,862
up €25,862 (+1,016%), from €2,545 to €28,407
mainly Other debts (+€27,500) and Trade debts (+€27,440)
- Stocks and contracts +€24,364
up €24,364 (+224%), from €10,896 to €35,260
of which Stocks: +€12,600
- Receivables within one year +€21,908
up €21,908 (+53.9%), from €40,659 to €62,567
of which Trade receivables: +€26,862
Equity and liabilities
- Debts after one year -€27,923
down €27,923 (-100%), from €27,923 to €0
of which Financial debts: -€27,923
- Other debts +€27,500
up €27,500 (+84.6%), from €32,500 to €60,000
- Trade debts +€27,440
up €27,440 (+649%), from €4,227 to €31,667
of which Suppliers: +€27,440
- Tax, wage and social debts +€10,533
up €10,533 (+255%), from €4,130 to €14,663
of which Taxes: +€5,968
- Profit (loss) carried forward +€10,091
up €10,091 (+116%), from €8,710 to €18,801
Income statement
- Gross operating margin +€77,705
up €77,705 (+265%), from €29,376 to €107,080
- Staff costs +€65,917
up €65,917 (+433%), from €15,212 to €81,130
- Depreciation +€8,890
up €8,890 (+332%), from €2,677 to €11,567
- Financial charges +€1,483
up €1,483 (+5,506%), from €27 to €1,510
of which Financial charges: +€1,483
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.
Result 2024
€8,710
Gross operating margin
+€77,705
Staff costs
-€65,917
Depreciation
-€8,890
Other operating charges
+€1
Financial income
+€678
Financial charges
-€1,483
Taxes
-€713
Result 2025
€10,091
raises the resultlowers the result
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.
From operations
+€40,859
Investment
+€21,523
Financing
-€36,520
Cash 2024
€2,545
From operations (derived)
+€40,859
Net result for the year
+€10,091
Depreciation
+€11,567
Stocks and contracts
-€24,364
Receivables within one year
-€21,908
Trade debts
+€27,440
Tax, wage and social debts
+€10,533
Other debts
+€27,500
Investment (derived)
+€21,523
Investment in fixed assets (net)
+€21,523
Financing
-€36,520
Debts after one year
-€27,923
Current portion of long-term debt
-€8,597
Cash 2025
€28,407
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,086 | €135,131 | +€39,044 | +40.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €40,639 | €7,549 | -€33,090 | -81.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €40,639 | €7,549 | -€33,090 | -81.4% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | €2,078 | €6,235 | +€4,158 | +200% |
| Furniture and vehicles | 24 | €38,561 | €1,314 | -€37,248 | -96.6% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €55,447 | €127,582 | +€72,134 | +130% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Stocks and contracts in progress | 3 | €10,896 | €35,260 | +€24,364 | +224% |
| Stocks | 30/36 | - | €12,600 | +€12,600 | |
| Contracts in progress | 37 | €10,896 | €22,659 | +€11,764 | +108% |
| Amounts receivable within one year | 40/41 | €40,659 | €62,567 | +€21,908 | +53.9% |
| Trade receivables | 40 | €34,984 | €61,846 | +€26,862 | +76.8% |
| Other amounts receivable | 41 | €5,674 | €721 | -€4,953 | -87.3% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €2,545 | €28,407 | +€25,862 | +1,016% |
| Deferred charges and accrued income | 490/1 | €1,348 | €1,348 | = | 0.0% |
| Total equity and liabilities | 10/49 | €96,086 | €135,131 | +€39,044 | +40.6% |
| Equity | 10/15 | €18,710 | €28,801 | +€10,091 | +53.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | - | -€10,000 | |
| Other | 1109/19 | €10,000 | - | -€10,000 | |
| Revaluation surpluses | 12 | - | €0 | = | |
| Reserves | 13 | - | €0 | = | |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Own shares acquired | 1312 | - | €0 | = | |
| Financial assistance | 1313 | - | €0 | = | |
| Other | 1319 | - | €0 | = | |
| Tax-exempt reserves | 132 | - | €0 | = | |
| Distributable reserves | 133 | - | €0 | = | |
| Profit (loss) carried forward | 14 | €8,710 | €18,801 | +€10,091 | +116% |
| Investment grants | 15 | - | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | - | €0 | = | |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Provisions for liabilities and charges | 160/5 | - | €0 | = | |
| Pensions and similar obligations | 160 | - | €0 | = | |
| Taxes | 161 | - | €0 | = | |
| Major repairs and maintenance | 162 | - | €0 | = | |
| Environmental obligations | 163 | - | €0 | = | |
| Other liabilities and charges | 164/5 | - | €0 | = | |
| Deferred taxes | 168 | - | €0 | = | |
| Amounts payable | 17/49 | €77,377 | €106,330 | +€28,953 | +37.4% |
| Amounts payable after more than one year | 17 | €27,923 | €0 | -€27,923 | -100% |
| Financial debts | 170/4 | €27,923 | €0 | -€27,923 | -100% |
| Trade debts | 175 | - | €0 | = | |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €49,454 | €106,330 | +€56,876 | +115% |
| Current portion of amounts payable after more than one year | 42 | €8,597 | €0 | -€8,597 | -100% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €4,227 | €31,667 | +€27,440 | +649% |
| Suppliers | 440/4 | €4,227 | €31,667 | +€27,440 | +649% |
| Bills of exchange payable | 441 | - | €0 | = | |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €4,130 | €14,663 | +€10,533 | +255% |
| Taxes | 450/3 | €2,226 | €8,194 | +€5,968 | +268% |
| Remuneration and social security | 454/9 | €1,904 | €6,469 | +€4,566 | +240% |
| Other amounts payable | 47/48 | €32,500 | €60,000 | +€27,500 | +84.6% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €15,212 | €81,130 | +€65,917 | +433% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,677 | €11,567 | +€8,890 | +332% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €550 | €548 | -€1 | -0.2% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €29,376 | €107,080 | +€77,705 | +265% |
| Operating profit (loss) | 9901 | €10,936 | €13,835 | +€2,899 | +26.5% |
| Financial income | 75/76B | €0 | €678 | +€678 | +1,695,400% |
| Recurring financial income | 75 | €0 | €678 | +€678 | +1,695,400% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €27 | €1,510 | +€1,483 | +5,506% |
| Recurring financial charges | 65 | €27 | €1,510 | +€1,483 | +5,506% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €10,910 | €13,004 | +€2,094 | +19.2% |
| Transfer from deferred taxes | 780 | - | €0 | = | |
| Transfer to deferred taxes | 680 | - | €0 | = | |
| Income taxes | 67/77 | €2,200 | €2,913 | +€713 | +32.4% |
| Profit (loss) for the period | 9904 | €8,710 | €10,091 | +€1,382 | +15.9% |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Transfer to tax-exempt reserves | 689 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €8,710 | €10,091 | +€1,382 | +15.9% |
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 28 October 2026 via checked.be.