Smart Home Construct: what changed
What changed
Smart Home Construct
NACE 43.240, Other construction installation
filed annual accounts (NBB)
Net result for the year
€35,246
2024 · €18,591+€16,655
Equity
€97,416
2024 · €49,770+€47,646
Cash
€1,538
2024 · €7,502-€5,964
Balance sheet total
€369,984
2024 · €81,804+€288,180
Largest movements
Assets
- Tangible fixed assets +€227,485
up €227,485 (+831%), from €27,377 to €254,863
of which Land and buildings: +€219,752
- Receivables within one year +€83,370
up €83,370 (+408%), from €20,456 to €103,826
of which Trade receivables: +€91,623
- Receivables after one year -€22,129
no longer reported in 2025 (was €22,129)
- Cash -€5,964
down €5,964 (-79.5%), from €7,502 to €1,538
mainly Investment in fixed assets (net) (-€271,304) and Receivables within one year (-€83,370)
- Deferred charges and accrued income +€5,418
new in 2025: €5,418
Equity and liabilities
- Other debts +€132,220
up €132,220 (+1,938%), from €6,822 to €139,042
- Advances received +€54,343
up €54,343 (+344%), from €15,787 to €70,130
- Trade debts +€40,674
new in 2025: €40,674
- Reserves +€35,246
up €35,246 (+80.9%), from €43,570 to €78,816
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
Income statement
- Gross operating margin +€56,577
up €56,577 (+135%), from €41,996 to €98,574
- Depreciation +€33,558
up €33,558 (+327%), from €10,261 to €43,819
- Taxes +€7,468
up €7,468 (+114%), from €6,531 to €13,998
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.
Result 2024
€18,591
Gross operating margin
+€56,577
Depreciation
-€33,558
Other operating charges
-€556
Other operating items
+€543
Financial income
+€254
Financial charges
+€863
Taxes
-€7,468
Result 2025
€35,246
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€241,877
Investment
-€271,304
Financing
+€23,464
Cash 2024
€7,502
From operations (derived)
+€241,877
Net result for the year
+€35,246
Depreciation
+€43,819
Receivables after one year
+€22,129
Receivables within one year
-€83,370
Deferred charges and accrued income
-€5,418
Trade debts
+€40,674
Tax, wage and social debts
+€2,234
Advances received
+€54,343
Other debts
+€132,220
Investment (derived)
-€271,304
Investment in fixed assets (net)
-€271,304
Financing
+€23,464
Debts after one year
+€9,476
Current portion of long-term debt
+€1,588
Contributions, distributions and other
+€12,400
Cash 2025
€1,538
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,804 | €369,984 | +€288,180 | +352% |
| Fixed assets | 21/28 | €31,717 | €259,202 | +€227,485 | +717% |
| Tangible fixed assets | 22/27 | €27,377 | €254,863 | +€227,485 | +831% |
| Land and buildings | 22 | - | €219,752 | +€219,752 | |
| Plant, machinery and equipment | 23 | €14,111 | €12,457 | -€1,653 | -11.7% |
| Furniture and vehicles | 24 | €13,266 | €22,654 | +€9,387 | +70.8% |
| Financial fixed assets | 28 | €4,340 | €4,340 | = | 0.0% |
| Current assets | 29/58 | €50,087 | €110,782 | +€60,695 | +121% |
| Amounts receivable after more than one year | 29 | €22,129 | - | -€22,129 | |
| Other amounts receivable | 291 | €22,129 | - | -€22,129 | |
| Amounts receivable within one year | 40/41 | €20,456 | €103,826 | +€83,370 | +408% |
| Trade receivables | 40 | €5,415 | €97,037 | +€91,623 | +1,692% |
| Other amounts receivable | 41 | €15,042 | €6,789 | -€8,253 | -54.9% |
| Cash at bank and in hand | 54/58 | €7,502 | €1,538 | -€5,964 | -79.5% |
| Deferred charges and accrued income | 490/1 | - | €5,418 | +€5,418 | |
| Total equity and liabilities | 10/49 | €81,804 | €369,984 | +€288,180 | +352% |
| Equity | 10/15 | €49,770 | €97,416 | +€47,646 | +95.7% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €43,570 | €78,816 | +€35,246 | +80.9% |
| Distributable reserves | 133 | €43,570 | €78,816 | +€35,246 | +80.9% |
| Amounts payable | 17/49 | €32,033 | €272,568 | +€240,535 | +751% |
| Amounts payable after more than one year | 17 | - | €9,476 | +€9,476 | |
| Financial debts | 170/4 | - | €9,476 | +€9,476 | |
| Amounts payable within one year | 42/48 | €32,033 | €263,092 | +€231,058 | +721% |
| Current portion of amounts payable after more than one year | 42 | €6,212 | €7,799 | +€1,588 | +25.6% |
| Trade debts | 44 | - | €40,674 | +€40,674 | |
| Suppliers | 440/4 | - | €40,674 | +€40,674 | |
| Advances received on contracts in progress | 46 | €15,787 | €70,130 | +€54,343 | +344% |
| Taxes, remuneration and social security | 45 | €3,213 | €5,447 | +€2,234 | +69.5% |
| Taxes | 450/3 | €1,213 | €4,097 | +€2,884 | +238% |
| Remuneration and social security | 454/9 | €2,000 | €1,350 | -€650 | -32.5% |
| Other amounts payable | 47/48 | €6,822 | €139,042 | +€132,220 | +1,938% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,261 | €43,819 | +€33,558 | +327% |
| Other operating charges | 640/8 | €2,049 | €2,606 | +€556 | +27.2% |
| Non-recurring operating charges | 66A | €2,527 | €1,984 | -€543 | -21.5% |
| Gross operating margin | 9900 | €41,996 | €98,574 | +€56,577 | +135% |
| Operating profit (loss) | 9901 | €27,159 | €50,166 | +€23,006 | +84.7% |
| Financial income | 75/76B | €344 | €598 | +€254 | +73.7% |
| Recurring financial income | 75 | €344 | €254 | -€90 | -26.2% |
| Non-recurring financial income | 76B | €344 | €344 | -€0 | -0.1% |
| Financial charges | 65/66B | €2,382 | €1,519 | -€863 | -36.2% |
| Recurring financial charges | 65 | €1,387 | €1,518 | +€131 | +9.5% |
| Non-recurring financial charges | 66B | €995 | €1 | -€994 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | €25,121 | €49,244 | +€24,123 | +96.0% |
| Income taxes | 67/77 | €6,531 | €13,998 | +€7,468 | +114% |
| Profit (loss) for the period | 9904 | €18,591 | €35,246 | +€16,655 | +89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,591 | €35,246 | +€16,655 | +89.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
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 5 November 2026 via checked.be.