SMITH & CHIPS: 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.
SMITH & CHIPS
Largest movements
- Tangible fixed assets +€70,997
up €70,997 (+150.6%), from €47,156 to €118,153
of which Plant, machinery and equipment: +€103,765
- Receivables within one year +€17,329
up €17,329 (+172.4%), from €10,052 to €27,381
of which Other amounts receivable: +€18,722
- Cash +€5,236
up €5,236 (+115.0%), from €4,555 to €9,791
mainly Debts after one year (+€40,806) and Net result for the year (+€31,199)
- Debts after one year +€40,806
up €40,806 (+408.1%), from €10,000 to €50,806
- Reserves +€21,578
up €21,578 (+98.8%), from €21,834 to €43,412
of which Tax-exempt reserves: +€19,318
- Other debts +€16,431
new in 2025: €16,431
- Current portion of long-term debt +€8,564
up €8,564 (+208.2%), from €4,114 to €12,678
- Trade debts +€7,309
up €7,309 (+71.1%), from €10,274 to €17,582
- Gross operating margin +€19,211
up €19,211 (+28.5%), from €67,454 to €86,666
- Depreciation -€2,657
down €2,657 (-16.5%), from €16,116 to €13,459
- Other operating charges -€1,976
down €1,976 (-79.2%), from €2,494 to €518
- Taxes -€1,223
down €1,223 (-41.8%), from €2,928 to €1,705
- Staff costs -€1,069
down €1,069 (-3.0%), from €35,214 to €34,145
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 | €65,156 | €159,351 | +€94,195 | +144.6% |
| Fixed assets | 21/28 | €47,156 | €118,153 | +€70,997 | +150.6% |
| Tangible fixed assets | 22/27 | €47,156 | €118,153 | +€70,997 | +150.6% |
| Plant, machinery and equipment | 23 | €1,775 | €105,540 | +€103,765 | +5846.0% |
| Furniture and vehicles | 24 | €6,586 | €1,941 | -€4,645 | -70.5% |
| Leasing and similar rights | 25 | €29,600 | - | -€29,600 | |
| Other tangible fixed assets | 26 | €9,195 | €10,672 | +€1,477 | +16.1% |
| Current assets | 29/58 | €18,000 | €41,198 | +€23,198 | +128.9% |
| Stocks and contracts in progress | 3 | €2,360 | €3,635 | +€1,275 | +54.0% |
| Stocks | 30/36 | €2,360 | €3,635 | +€1,275 | +54.0% |
| Amounts receivable within one year | 40/41 | €10,052 | €27,381 | +€17,329 | +172.4% |
| Trade receivables | 40 | €5,789 | €4,396 | -€1,393 | -24.1% |
| Other amounts receivable | 41 | €4,263 | €22,985 | +€18,722 | +439.2% |
| Cash at bank and in hand | 54/58 | €4,555 | €9,791 | +€5,236 | +115.0% |
| Deferred charges and accrued income | 490/1 | €1,033 | €391 | -€642 | -62.2% |
| Total equity and liabilities | 10/49 | €65,156 | €159,351 | +€94,195 | +144.6% |
| Equity | 10/15 | €34,845 | €49,612 | +€14,768 | +42.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,834 | €43,412 | +€21,578 | +98.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €19,318 | +€19,318 | |
| Distributable reserves | 133 | €19,974 | €22,234 | +€2,260 | +11.3% |
| Profit (loss) carried forward | 14 | €6,811 | - | -€6,811 | |
| Provisions and deferred taxes | 16 | - | €4,829 | +€4,829 | |
| Deferred taxes | 168 | - | €4,829 | +€4,829 | |
| Amounts payable | 17/49 | €30,311 | €104,909 | +€74,598 | +246.1% |
| Amounts payable after more than one year | 17 | €10,000 | €50,806 | +€40,806 | +408.1% |
| Financial debts | 170/4 | €10,000 | €50,806 | +€40,806 | +408.1% |
| Amounts payable within one year | 42/48 | €20,246 | €53,879 | +€33,633 | +166.1% |
| Current portion of amounts payable after more than one year | 42 | €4,114 | €12,678 | +€8,564 | +208.2% |
| Trade debts | 44 | €10,274 | €17,582 | +€7,309 | +71.1% |
| Suppliers | 440/4 | €10,274 | €17,582 | +€7,309 | +71.1% |
| Taxes, remuneration and social security | 45 | €5,858 | €7,187 | +€1,329 | +22.7% |
| Taxes | 450/3 | €1,575 | €1,666 | +€91 | +5.7% |
| Remuneration and social security | 454/9 | €4,283 | €5,522 | +€1,238 | +28.9% |
| Other amounts payable | 47/48 | - | €16,431 | +€16,431 | |
| Accrued charges and deferred income | 492/3 | €66 | €225 | +€159 | +241.9% |
| Remuneration, social security and pensions | 62 | €35,214 | €34,145 | -€1,069 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,116 | €13,459 | -€2,657 | -16.5% |
| Other operating charges | 640/8 | €2,494 | €518 | -€1,976 | -79.2% |
| Gross operating margin | 9900 | €67,454 | €86,666 | +€19,211 | +28.5% |
| Operating profit (loss) | 9901 | €13,631 | €38,544 | +€24,913 | +182.8% |
| Financial income | 75/76B | €213 | €716 | +€504 | +236.8% |
| Recurring financial income | 75 | €213 | €716 | +€504 | +236.8% |
| Financial charges | 65/66B | €1,562 | €1,527 | -€35 | -2.3% |
| Recurring financial charges | 65 | €1,562 | €1,527 | -€35 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €12,281 | €37,733 | +€25,452 | +207.2% |
| Transfer from deferred taxes | 780 | - | €251 | +€251 | |
| Transfer to deferred taxes | 680 | - | €5,080 | +€5,080 | |
| Income taxes | 67/77 | €2,928 | €1,705 | -€1,223 | -41.8% |
| Profit (loss) for the period | 9904 | €9,354 | €31,199 | +€21,845 | +233.5% |
| Transfer from tax-exempt reserves | 789 | - | €1,002 | +€1,002 | |
| Transfer to tax-exempt reserves | 689 | - | €20,320 | +€20,320 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,354 | €11,881 | +€2,527 | +27.0% |
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 12 October 2026 via checked.be.