Bright 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.
Bright Smile
Largest movements
- Receivables within one year +€53,244
up €53,244 (+586%), from €9,088 to €62,332
of which Trade receivables: +€53,131
- Stocks and contracts -€27,717
down €27,717 (-100%), from €27,717 to €0
- Current investments +€19,878
up €19,878 (+103%), from €19,345 to €39,224
- Cash -€7,740
down €7,740 (-17.7%), from €43,831 to €36,091
mainly Receivables within one year (-€53,244) and Current investments (-€19,878)
- Tangible fixed assets -€3,996
down €3,996 (-9.8%), from €40,606 to €36,610
- Reserves +€22,566
up €22,566 (+24.2%), from €93,078 to €115,644
- Trade debts +€16,516
up €16,516 (+1,012%), from €1,632 to €18,148
- Other debts -€5,908
down €5,908 (-100%), from €5,908 to €0
- Tax, wage and social debts +€3,431
up €3,431 (+1,919%), from €179 to €3,610
- Debts after one year -€2,950
down €2,950 (-11.9%), from €24,693 to €21,743
- Gross operating margin +€33,601
up €33,601 (+190%), from €17,662 to €51,263
- Taxes +€8,902
up €8,902 (+276%), from €3,224 to €12,127
- Financial income -€992
down €992 (-64.8%), from €1,531 to €539
- Other operating charges -€576
down €576 (-47.5%), from €1,214 to €637
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 | €141,587 | €174,495 | +€32,908 | +23.2% |
| Fixed assets | 21/28 | €40,606 | €36,610 | -€3,996 | -9.8% |
| Tangible fixed assets | 22/27 | €40,606 | €36,610 | -€3,996 | -9.8% |
| Land and buildings | 22 | €33,920 | €32,045 | -€1,875 | -5.5% |
| Plant, machinery and equipment | 23 | €3,410 | €2,099 | -€1,311 | -38.4% |
| Furniture and vehicles | 24 | €3,276 | €2,466 | -€810 | -24.7% |
| Current assets | 29/58 | €100,981 | €137,886 | +€36,904 | +36.5% |
| Stocks and contracts in progress | 3 | €27,717 | €0 | -€27,717 | -100% |
| Stocks | 30/36 | €27,717 | €0 | -€27,717 | -100% |
| Amounts receivable within one year | 40/41 | €9,088 | €62,332 | +€53,244 | +586% |
| Trade receivables | 40 | €794 | €53,925 | +€53,131 | +6,691% |
| Other amounts receivable | 41 | €8,294 | €8,407 | +€113 | +1.4% |
| Current investments | 50/53 | €19,345 | €39,224 | +€19,878 | +103% |
| Cash at bank and in hand | 54/58 | €43,831 | €36,091 | -€7,740 | -17.7% |
| Deferred charges and accrued income | 490/1 | €1,000 | €239 | -€761 | -76.1% |
| Total equity and liabilities | 10/49 | €141,587 | €174,495 | +€32,908 | +23.2% |
| Equity | 10/15 | €105,478 | €128,044 | +€22,566 | +21.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €93,078 | €115,644 | +€22,566 | +24.2% |
| Distributable reserves | 133 | €93,078 | €115,644 | +€22,566 | +24.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €36,109 | €46,452 | +€10,342 | +28.6% |
| Amounts payable after more than one year | 17 | €24,693 | €21,743 | -€2,950 | -11.9% |
| Financial debts | 170/4 | €24,693 | €21,743 | -€2,950 | -11.9% |
| Amounts payable within one year | 42/48 | €10,552 | €24,709 | +€14,157 | +134% |
| Current portion of amounts payable after more than one year | 42 | €2,833 | €2,950 | +€117 | +4.1% |
| Trade debts | 44 | €1,632 | €18,148 | +€16,516 | +1,012% |
| Suppliers | 440/4 | €1,632 | €18,148 | +€16,516 | +1,012% |
| Taxes, remuneration and social security | 45 | €179 | €3,610 | +€3,431 | +1,919% |
| Taxes | 450/3 | €179 | €3,610 | +€3,431 | +1,919% |
| Other amounts payable | 47/48 | €5,908 | €0 | -€5,908 | -100% |
| Accrued charges and deferred income | 492/3 | €864 | €0 | -€864 | -100% |
| Remuneration, social security and pensions | 62 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,236 | €5,028 | -€207 | -4.0% |
| Other operating charges | 640/8 | €1,214 | €637 | -€576 | -47.5% |
| Gross operating margin | 9900 | €17,662 | €51,263 | +€33,601 | +190% |
| Operating profit (loss) | 9901 | €11,213 | €45,347 | +€34,135 | +304% |
| Financial income | 75/76B | €1,531 | €539 | -€992 | -64.8% |
| Recurring financial income | 75 | €1,531 | €539 | -€992 | -64.8% |
| Financial charges | 65/66B | €3,367 | €3,329 | -€38 | -1.1% |
| Recurring financial charges | 65 | €3,367 | €3,329 | -€38 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €9,378 | €42,558 | +€33,180 | +354% |
| Income taxes | 67/77 | €3,224 | €12,127 | +€8,902 | +276% |
| Profit (loss) for the period | 9904 | €6,153 | €30,431 | +€24,278 | +395% |
| Profit (loss) for the period to be appropriated | 9905 | €6,153 | €30,431 | +€24,278 | +395% |
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 29 October 2026 via checked.be.