SMARTHOME: 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.
SMARTHOME
Largest movements
- Stocks and contracts +€867,933
up €867,933 (+9.8%), from €8.9m to €9.7m
- Receivables within one year +€346,410
up €346,410 (+307.9%), from €112,501 to €458,911
of which Trade receivables: +€442,471
- Cash -€133,025
down €133,025 (-19.9%), from €667,622 to €534,597
mainly Stocks and contracts (-€867,933) and Receivables within one year (-€346,410)
- Accrued charges and deferred income +€474,219
up €474,219 (+974.0%), from €48,687 to €522,907
- Short-term financial debts +€400,987
up €400,987 (+20.1%), from €2.0m to €2.4m
- Debts after one year +€250,000
up €250,000 (+4.5%), from €5.5m to €5.8m
- Gross operating margin +€541,736
up €541,736 (+130.3%), from €415,719 to €957,455
- Financial charges +€231,934
up €231,934 (+62.2%), from €372,881 to €604,815
- Financial income +€15,242
up €15,242 (+2476.9%), from €615 to €15,857
- Staff costs +€10,938
up €10,938 (+4.5%), from €244,396 to €255,334
- Depreciation +€9,630
up €9,630 (+18.9%), from €51,078 to €60,707
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,061,551 | €12,108,455 | +€1.0m | +9.5% |
| Fixed assets | 21/28 | €1,408,045 | €1,353,123 | -€54,922 | -3.9% |
| Tangible fixed assets | 22/27 | €1,400,771 | €1,345,848 | -€54,922 | -3.9% |
| Land and buildings | 22 | €1,349,267 | €1,296,832 | -€52,434 | -3.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €13,379 | €17,523 | +€4,144 | +31.0% |
| Other tangible fixed assets | 26 | €38,125 | €31,493 | -€6,632 | -17.4% |
| Financial fixed assets | 28 | €7,274 | €7,274 | = | 0.0% |
| Current assets | 29/58 | €9,653,506 | €10,755,333 | +€1.1m | +11.4% |
| Stocks and contracts in progress | 3 | €8,860,716 | €9,728,649 | +€867,933 | +9.8% |
| Stocks | 30/36 | €8,860,716 | €9,728,649 | +€867,933 | +9.8% |
| Amounts receivable within one year | 40/41 | €112,501 | €458,911 | +€346,410 | +307.9% |
| Trade receivables | 40 | €16,440 | €458,911 | +€442,471 | +2691.4% |
| Other amounts receivable | 41 | €96,061 | €0 | -€96,061 | -100.0% |
| Cash at bank and in hand | 54/58 | €667,622 | €534,597 | -€133,025 | -19.9% |
| Deferred charges and accrued income | 490/1 | €12,667 | €33,176 | +€20,509 | +161.9% |
| Total equity and liabilities | 10/49 | €11,061,551 | €12,108,455 | +€1.0m | +9.5% |
| Equity | 10/15 | €1,572,343 | €1,618,106 | +€45,763 | +2.9% |
| Contributions | 10/11 | €740,194 | €740,194 | = | 0.0% |
| Capital | 10 | €740,194 | €740,194 | = | 0.0% |
| Issued capital | 100 | €740,194 | €740,194 | = | 0.0% |
| Reserves | 13 | €832,149 | €877,912 | +€45,763 | +5.5% |
| Non-distributable reserves | 130/1 | €55,248 | €57,537 | +€2,288 | +4.1% |
| Legal reserve | 130 | €55,248 | €57,537 | +€2,288 | +4.1% |
| Distributable reserves | 133 | €776,900 | €820,375 | +€43,475 | +5.6% |
| Amounts payable | 17/49 | €9,489,208 | €10,490,349 | +€1.0m | +10.6% |
| Amounts payable after more than one year | 17 | €5,500,001 | €5,750,001 | +€250,000 | +4.5% |
| Financial debts | 170/4 | €5,500,001 | €5,750,001 | +€250,000 | +4.5% |
| Amounts payable within one year | 42/48 | €3,940,520 | €4,217,441 | +€276,922 | +7.0% |
| Financial debts | 43 | €1,999,013 | €2,400,000 | +€400,987 | +20.1% |
| Credit institutions | 430/8 | €1,999,013 | €2,400,000 | +€400,987 | +20.1% |
| Trade debts | 44 | €1,795,568 | €1,680,301 | -€115,268 | -6.4% |
| Suppliers | 440/4 | €1,795,568 | €1,680,301 | -€115,268 | -6.4% |
| Taxes, remuneration and social security | 45 | €45,938 | €137,141 | +€91,202 | +198.5% |
| Taxes | 450/3 | €18,721 | €106,333 | +€87,613 | +468.0% |
| Remuneration and social security | 454/9 | €27,218 | €30,808 | +€3,590 | +13.2% |
| Other amounts payable | 47/48 | €100,000 | €0 | -€100,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €48,687 | €522,907 | +€474,219 | +974.0% |
| Non-recurring operating income | 76A | - | €3,313 | +€3,313 | |
| Remuneration, social security and pensions | 62 | €244,396 | €255,334 | +€10,938 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,078 | €60,707 | +€9,630 | +18.9% |
| Other operating charges | 640/8 | €10,484 | €5,964 | -€4,520 | -43.1% |
| Gross operating margin | 9900 | €415,719 | €957,455 | +€541,736 | +130.3% |
| Operating profit (loss) | 9901 | €109,761 | €635,449 | +€525,688 | +478.9% |
| Financial income | 75/76B | €615 | €15,857 | +€15,242 | +2476.9% |
| Recurring financial income | 75 | €615 | €15,857 | +€15,242 | +2476.9% |
| Financial charges | 65/66B | €372,881 | €604,815 | +€231,934 | +62.2% |
| Recurring financial charges | 65 | €372,881 | €604,815 | +€231,934 | +62.2% |
| Profit (loss) for the period before taxes | 9903 | -€262,505 | €46,491 | +€308,996 | |
| Income taxes | 67/77 | €743 | €728 | -€15 | -2.1% |
| Profit (loss) for the period | 9904 | -€263,248 | €45,763 | +€309,011 | |
| Profit (loss) for the period to be appropriated | 9905 | -€263,248 | €45,763 | +€309,011 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.