AA SMILE: 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.
AA SMILE
Largest movements
- Cash +€25,745
up €25,745 (+203.4%), from €12,659 to €38,404
mainly Net result for the year (+€15,877) and Deferred charges and accrued income (+€6,077)
- Deferred charges and accrued income -€6,077
no longer reported in 2025 (was €6,077)
- Tangible fixed assets -€2,800
down €2,800 (-44.2%), from €6,333 to €3,534
- Profit (loss) carried forward +€15,877
up €15,877 (+102.7%), from €15,454 to €31,331
- Tax, wage and social debts +€829
up €829 (+13.5%), from €6,158 to €6,986
- Trade debts +€607
new in 2025: €607
- Other debts -€444
down €444 (-97.1%), from €457 to €13
- Taxes -€2,200
down €2,200 (-35.5%), from €6,200 to €4,000
- Gross operating margin -€911
down €911 (-3.6%), from €25,128 to €24,217
- Financial charges +€450
up €450 (+1988.7%), from €23 to €473
- Depreciation +€318
up €318 (+10.4%), from €3,064 to €3,383
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 | €25,069 | €41,938 | +€16,868 | +67.3% |
| Fixed assets | 21/28 | €6,333 | €3,534 | -€2,800 | -44.2% |
| Tangible fixed assets | 22/27 | €6,333 | €3,534 | -€2,800 | -44.2% |
| Furniture and vehicles | 24 | €6,333 | €3,534 | -€2,800 | -44.2% |
| Current assets | 29/58 | €18,736 | €38,404 | +€19,668 | +105.0% |
| Cash at bank and in hand | 54/58 | €12,659 | €38,404 | +€25,745 | +203.4% |
| Deferred charges and accrued income | 490/1 | €6,077 | - | -€6,077 | |
| Total equity and liabilities | 10/49 | €25,069 | €41,938 | +€16,868 | +67.3% |
| Equity | 10/15 | €18,454 | €34,331 | +€15,877 | +86.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,454 | €31,331 | +€15,877 | +102.7% |
| Amounts payable | 17/49 | €6,615 | €7,607 | +€992 | +15.0% |
| Amounts payable within one year | 42/48 | €6,615 | €7,607 | +€992 | +15.0% |
| Trade debts | 44 | - | €607 | +€607 | |
| Suppliers | 440/4 | - | €607 | +€607 | |
| Taxes, remuneration and social security | 45 | €6,158 | €6,986 | +€829 | +13.5% |
| Taxes | 450/3 | €6,158 | €6,986 | +€829 | +13.5% |
| Other amounts payable | 47/48 | €457 | €13 | -€444 | -97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,064 | €3,383 | +€318 | +10.4% |
| Other operating charges | 640/8 | €387 | €485 | +€98 | +25.3% |
| Gross operating margin | 9900 | €25,128 | €24,217 | -€911 | -3.6% |
| Operating profit (loss) | 9901 | €21,677 | €20,349 | -€1,327 | -6.1% |
| Financial charges | 65/66B | €23 | €473 | +€450 | +1988.7% |
| Recurring financial charges | 65 | €23 | €473 | +€450 | +1988.7% |
| Profit (loss) for the period before taxes | 9903 | €21,654 | €19,877 | -€1,778 | -8.2% |
| Income taxes | 67/77 | €6,200 | €4,000 | -€2,200 | -35.5% |
| Profit (loss) for the period | 9904 | €15,454 | €15,877 | +€422 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,454 | €15,877 | +€422 | +2.7% |
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 6 October 2026 via checked.be.