A.M. SMILE: 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.
A.M. SMILE
Largest movements
- Cash +€51,799
up €51,799 (+23.4%), from €221,769 to €273,568
mainly Net result for the year (+€34,755) and Depreciation (+€13,140)
- Tangible fixed assets -€13,140
down €13,140 (-34.1%), from €38,569 to €25,429
of which Plant, machinery and equipment: -€8,643
- Reserves +€34,000
up €34,000 (+30.3%), from €112,042 to €146,042
of which Distributable reserves: +€34,000
- Gross operating margin +€5,463
up €5,463 (+7.4%), from €74,155 to €79,619
- Taxes +€3,850
up €3,850 (+40.6%), from €9,483 to €13,333
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 | €268,421 | €304,518 | +€36,097 | +13.4% |
| Fixed assets | 21/28 | €38,569 | €25,429 | -€13,140 | -34.1% |
| Tangible fixed assets | 22/27 | €38,569 | €25,429 | -€13,140 | -34.1% |
| Plant, machinery and equipment | 23 | €26,543 | €17,901 | -€8,643 | -32.6% |
| Furniture and vehicles | 24 | €12,026 | €7,529 | -€4,498 | -37.4% |
| Current assets | 29/58 | €229,852 | €279,089 | +€49,237 | +21.4% |
| Amounts receivable within one year | 40/41 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €1,000 | - | -€1,000 | |
| Cash at bank and in hand | 54/58 | €221,769 | €273,568 | +€51,799 | +23.4% |
| Deferred charges and accrued income | 490/1 | €7,083 | €5,521 | -€1,561 | -22.0% |
| Total equity and liabilities | 10/49 | €268,421 | €304,518 | +€36,097 | +13.4% |
| Equity | 10/15 | €260,365 | €295,120 | +€34,755 | +13.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €112,042 | €146,042 | +€34,000 | +30.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €110,182 | €144,182 | +€34,000 | +30.9% |
| Profit (loss) carried forward | 14 | €135,923 | €136,679 | +€755 | +0.6% |
| Amounts payable | 17/49 | €8,056 | €9,398 | +€1,342 | +16.7% |
| Amounts payable within one year | 42/48 | €8,056 | €9,398 | +€1,342 | +16.7% |
| Trade debts | 44 | €1,940 | €1,375 | -€565 | -29.1% |
| Suppliers | 440/4 | €1,940 | €1,375 | -€565 | -29.1% |
| Taxes, remuneration and social security | 45 | €4,916 | €6,097 | +€1,181 | +24.0% |
| Taxes | 450/3 | €2,400 | €2,400 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,516 | €3,697 | +€1,181 | +47.0% |
| Other amounts payable | 47/48 | €1,200 | €1,926 | +€726 | +60.5% |
| Remuneration, social security and pensions | 62 | €18,076 | €17,758 | -€318 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,140 | €13,140 | = | 0.0% |
| Other operating charges | 640/8 | €655 | €586 | -€69 | -10.5% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €74,155 | €79,619 | +€5,463 | +7.4% |
| Operating profit (loss) | 9901 | €42,285 | €48,135 | +€5,850 | +13.8% |
| Financial charges | 65/66B | €45 | €46 | +€2 | +3.4% |
| Recurring financial charges | 65 | €45 | €46 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €42,240 | €48,089 | +€5,849 | +13.8% |
| Income taxes | 67/77 | €9,483 | €13,333 | +€3,850 | +40.6% |
| Profit (loss) for the period | 9904 | €32,757 | €34,755 | +€1,998 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,757 | €34,755 | +€1,998 | +6.1% |
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 28 October 2026 via checked.be.