1380 SMILES: 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.
1380 SMILES
Largest movements
- Current investments +€40,000
new in 2025: €40,000
- Receivables within one year +€23,062
up €23,062 (+948%), from €2,434 to €25,496
of which Other amounts receivable: +€24,362
- Cash +€9,586
up €9,586 (+15.0%), from €64,065 to €73,652
mainly Net result for the year (+€60,050) and Depreciation (+€11,139)
- Tangible fixed assets -€9,571
down €9,571 (-23.9%), from €39,973 to €30,402
of which Plant, machinery and equipment: -€7,964
- Reserves +€60,050
up €60,050 (+120%), from €50,042 to €110,092
- Trade debts -€7,589
down €7,589 (-79.3%), from €9,575 to €1,986
- Other debts +€6,224
up €6,224 (+24.0%), from €25,899 to €32,123
- Current portion of long-term debt +€3,000
up €3,000 (+25.0%), from €12,000 to €15,000
- Tax, wage and social debts +€2,101
up €2,101 (+42.0%), from €5,004 to €7,105
- Gross operating margin +€8,375
up €8,375 (+9.6%), from €87,307 to €95,682
- Depreciation -€5,599
down €5,599 (-33.5%), from €16,738 to €11,139
- Taxes +€3,638
up €3,638 (+18.2%), from €19,996 to €23,634
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,521 | €170,307 | +€63,786 | +59.9% |
| Fixed assets | 21/28 | €39,973 | €30,402 | -€9,571 | -23.9% |
| Tangible fixed assets | 22/27 | €39,973 | €30,402 | -€9,571 | -23.9% |
| Plant, machinery and equipment | 23 | €34,831 | €26,868 | -€7,964 | -22.9% |
| Furniture and vehicles | 24 | €914 | €443 | -€471 | -51.5% |
| Other tangible fixed assets | 26 | €4,227 | €3,091 | -€1,136 | -26.9% |
| Current assets | 29/58 | €66,548 | €139,904 | +€73,356 | +110% |
| Amounts receivable within one year | 40/41 | €2,434 | €25,496 | +€23,062 | +948% |
| Trade receivables | 40 | €1,426 | €126 | -€1,300 | -91.2% |
| Other amounts receivable | 41 | €1,008 | €25,371 | +€24,362 | +2,416% |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €64,065 | €73,652 | +€9,586 | +15.0% |
| Deferred charges and accrued income | 490/1 | €49 | €756 | +€708 | +1,456% |
| Total equity and liabilities | 10/49 | €106,521 | €170,307 | +€63,786 | +59.9% |
| Equity | 10/15 | €54,042 | €114,092 | +€60,050 | +111% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €50,042 | €110,092 | +€60,050 | +120% |
| Distributable reserves | 133 | €50,042 | €110,092 | +€60,050 | +120% |
| Amounts payable | 17/49 | €52,479 | €56,215 | +€3,736 | +7.1% |
| Amounts payable within one year | 42/48 | €52,479 | €56,215 | +€3,736 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | €15,000 | +€3,000 | +25.0% |
| Trade debts | 44 | €9,575 | €1,986 | -€7,589 | -79.3% |
| Suppliers | 440/4 | €9,575 | €1,986 | -€7,589 | -79.3% |
| Taxes, remuneration and social security | 45 | €5,004 | €7,105 | +€2,101 | +42.0% |
| Taxes | 450/3 | €5,004 | €7,105 | +€2,101 | +42.0% |
| Other amounts payable | 47/48 | €25,899 | €32,123 | +€6,224 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,738 | €11,139 | -€5,599 | -33.5% |
| Non-recurring operating charges | 66A | €416 | €417 | +€0 | +0.1% |
| Gross operating margin | 9900 | €87,307 | €95,682 | +€8,375 | +9.6% |
| Operating profit (loss) | 9901 | €70,153 | €84,127 | +€13,974 | +19.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +900% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +900% |
| Financial charges | 65/66B | €115 | €443 | +€328 | +286% |
| Recurring financial charges | 65 | €109 | €340 | +€231 | +213% |
| Non-recurring financial charges | 66B | €6 | €103 | +€97 | +1,645% |
| Profit (loss) for the period before taxes | 9903 | €70,038 | €83,684 | +€13,646 | +19.5% |
| Income taxes | 67/77 | €19,996 | €23,634 | +€3,638 | +18.2% |
| Profit (loss) for the period | 9904 | €50,042 | €60,050 | +€10,007 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,042 | €60,050 | +€10,007 | +20.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.