Always Smiling: 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.
Always Smiling
Largest movements
- Cash +€109,723
up €109,723 (+172.5%), from €63,598 to €173,321
mainly Other debts (+€138,093) and Net result for the year (+€76,542)
- Current investments -€60,000
no longer reported in 2025 (was €60,000)
- Other debts +€138,093
up €138,093 (+133255.8%), from €104 to €138,197
- Profit (loss) carried forward -€89,023
down €89,023 (-100.0%), from €89,024 to €2
- Gross operating margin +€54,370
up €54,370 (+110.1%), from €49,377 to €103,747
- Taxes +€10,001
up €10,001 (+99.0%), from €10,100 to €20,101
- Financial charges +€4,958
up €4,958 (+244.1%), from €2,031 to €6,989
- Financial income +€1,181
up €1,181 (+10971.7%), from €11 to €1,191
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 | €156,719 | €205,251 | +€48,532 | +31.0% |
| Fixed assets | 21/28 | €4,694 | €3,453 | -€1,241 | -26.4% |
| Tangible fixed assets | 22/27 | €4,694 | €3,453 | -€1,241 | -26.4% |
| Plant, machinery and equipment | 23 | €1,614 | €1,154 | -€460 | -28.5% |
| Furniture and vehicles | 24 | €2,236 | €1,724 | -€512 | -22.9% |
| Other tangible fixed assets | 26 | €845 | €576 | -€269 | -31.8% |
| Current assets | 29/58 | €152,025 | €201,797 | +€49,772 | +32.7% |
| Amounts receivable within one year | 40/41 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €1,000 | - | -€1,000 | |
| Current investments | 50/53 | €60,000 | - | -€60,000 | |
| Cash at bank and in hand | 54/58 | €63,598 | €173,321 | +€109,723 | +172.5% |
| Deferred charges and accrued income | 490/1 | €27,427 | €28,476 | +€1,049 | +3.8% |
| Total equity and liabilities | 10/49 | €156,719 | €205,251 | +€48,532 | +31.0% |
| Equity | 10/15 | €153,102 | €64,079 | -€89,023 | -58.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €61,078 | €61,078 | = | 0.0% |
| Distributable reserves | 133 | €61,078 | €61,078 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,024 | €2 | -€89,023 | -100.0% |
| Amounts payable | 17/49 | €3,617 | €141,171 | +€137,554 | +3802.9% |
| Amounts payable within one year | 42/48 | €3,617 | €141,171 | +€137,554 | +3802.9% |
| Trade debts | 44 | €1,229 | €64 | -€1,166 | -94.8% |
| Suppliers | 440/4 | €1,229 | €64 | -€1,166 | -94.8% |
| Taxes, remuneration and social security | 45 | €2,284 | €2,911 | +€627 | +27.5% |
| Taxes | 450/3 | €2,284 | €2,911 | +€627 | +27.5% |
| Other amounts payable | 47/48 | €104 | €138,197 | +€138,093 | +133255.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,055 | €1,241 | +€186 | +17.7% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | €49,377 | €103,747 | +€54,370 | +110.1% |
| Operating profit (loss) | 9901 | €48,259 | €102,441 | +€54,182 | +112.3% |
| Financial income | 75/76B | €11 | €1,191 | +€1,181 | +10971.7% |
| Recurring financial income | 75 | €11 | €1,191 | +€1,181 | +10971.7% |
| Financial charges | 65/66B | €2,031 | €6,989 | +€4,958 | +244.1% |
| Recurring financial charges | 65 | €2,031 | €6,989 | +€4,958 | +244.1% |
| Profit (loss) for the period before taxes | 9903 | €46,238 | €96,644 | +€50,405 | +109.0% |
| Income taxes | 67/77 | €10,100 | €20,101 | +€10,001 | +99.0% |
| Profit (loss) for the period | 9904 | €36,138 | €76,542 | +€40,404 | +111.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,138 | €76,542 | +€40,404 | +111.8% |
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 10 October 2026 via checked.be.