SMART KITCHENS: 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.
SMART KITCHENS
Largest movements
- Tangible fixed assets -€65,044
down €65,044 (-11.9%), from €545,161 to €480,117
of which Other tangible fixed assets: -€46,964
- Stocks and contracts +€37,475
up €37,475 (+33.6%), from €111,512 to €148,986
- Cash +€17,148
up €17,148 (+398.1%), from €4,307 to €21,455
mainly Net result for the year (+€116,148) and Depreciation (+€92,710)
- Profit (loss) carried forward +€116,148
up €116,148 (+87.2%), from -€133,201 to -€17,053
- Debts after one year -€102,470
down €102,470 (-53.9%), from €190,012 to €87,542
- Trade debts -€96,829
down €96,829 (-57.0%), from €169,929 to €73,100
- Other debts +€50,000
up €50,000 (+101399.3%), from €49 to €50,049
- Gross operating margin +€84,100
up €84,100 (+17.2%), from €487,904 to €572,004
- Staff costs +€30,061
up €30,061 (+7.6%), from €397,679 to €427,741
- Financial income +€14,370
up €14,370 (+22.9%), from €62,824 to €77,195
of which Financial income: +€11,872
- Depreciation +€7,302
up €7,302 (+8.5%), from €85,408 to €92,710
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 | €989,119 | €962,665 | -€26,454 | -2.7% |
| Fixed assets | 21/28 | €558,683 | €490,562 | -€68,121 | -12.2% |
| Intangible fixed assets | 21 | €13,522 | €10,445 | -€3,077 | -22.8% |
| Tangible fixed assets | 22/27 | €545,161 | €480,117 | -€65,044 | -11.9% |
| Furniture and vehicles | 24 | €37,130 | €19,050 | -€18,080 | -48.7% |
| Other tangible fixed assets | 26 | €508,031 | €461,067 | -€46,964 | -9.2% |
| Current assets | 29/58 | €430,436 | €472,103 | +€41,667 | +9.7% |
| Stocks and contracts in progress | 3 | €111,512 | €148,986 | +€37,475 | +33.6% |
| Stocks | 30/36 | €111,512 | €148,986 | +€37,475 | +33.6% |
| Amounts receivable within one year | 40/41 | €295,194 | €288,925 | -€6,269 | -2.1% |
| Trade receivables | 40 | €274,816 | €271,049 | -€3,768 | -1.4% |
| Other amounts receivable | 41 | €20,378 | €17,877 | -€2,501 | -12.3% |
| Cash at bank and in hand | 54/58 | €4,307 | €21,455 | +€17,148 | +398.1% |
| Deferred charges and accrued income | 490/1 | €19,423 | €12,737 | -€6,687 | -34.4% |
| Total equity and liabilities | 10/49 | €989,119 | €962,665 | -€26,454 | -2.7% |
| Equity | 10/15 | -€33,201 | €82,947 | +€116,148 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,201 | -€17,053 | +€116,148 | +87.2% |
| Amounts payable | 17/49 | €1,022,320 | €879,718 | -€142,602 | -13.9% |
| Amounts payable after more than one year | 17 | €190,012 | €87,542 | -€102,470 | -53.9% |
| Financial debts | 170/4 | €190,012 | €87,542 | -€102,470 | -53.9% |
| Amounts payable within one year | 42/48 | €832,308 | €792,176 | -€40,132 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €99,726 | €102,470 | +€2,744 | +2.8% |
| Trade debts | 44 | €169,929 | €73,100 | -€96,829 | -57.0% |
| Suppliers | 440/4 | €169,929 | €73,100 | -€96,829 | -57.0% |
| Advances received on contracts in progress | 46 | €502,475 | €507,968 | +€5,493 | +1.1% |
| Taxes, remuneration and social security | 45 | €60,129 | €58,589 | -€1,540 | -2.6% |
| Taxes | 450/3 | €2,287 | €400 | -€1,888 | -82.5% |
| Remuneration and social security | 454/9 | €57,842 | €58,189 | +€347 | +0.6% |
| Other amounts payable | 47/48 | €49 | €50,049 | +€50,000 | +101399.3% |
| Remuneration, social security and pensions | 62 | €397,679 | €427,741 | +€30,061 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,408 | €92,710 | +€7,302 | +8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €115 | +€115 | |
| Other operating charges | 640/8 | €6,691 | €2,275 | -€4,416 | -66.0% |
| Gross operating margin | 9900 | €487,904 | €572,004 | +€84,100 | +17.2% |
| Operating profit (loss) | 9901 | -€1,874 | €49,163 | +€51,038 | |
| Financial income | 75/76B | €62,824 | €77,195 | +€14,370 | +22.9% |
| Recurring financial income | 75 | €62,730 | €74,602 | +€11,872 | +18.9% |
| Non-recurring financial income | 76B | €94 | €2,592 | +€2,498 | +2651.4% |
| Financial charges | 65/66B | €15,256 | €10,210 | -€5,046 | -33.1% |
| Recurring financial charges | 65 | €15,256 | €10,210 | -€5,046 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €45,694 | €116,148 | +€70,454 | +154.2% |
| Profit (loss) for the period | 9904 | €45,694 | €116,148 | +€70,454 | +154.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,694 | €116,148 | +€70,454 | +154.2% |
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 7 October 2026 via checked.be.