BUILDING SMILES: 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.
BUILDING SMILES
Largest movements
- Intangible fixed assets +€90,000
new in 2024: €90,000
- Tangible fixed assets +€20,695
up €20,695 (+119.2%), from €17,363 to €38,058
- Cash +€20,256
up €20,256 (+30.4%), from €66,575 to €86,831
mainly Other debts (+€90,000) and Net result for the year (+€30,621)
- Receivables within one year -€9,998
down €9,998 (-87.4%), from €11,440 to €1,442
of which Trade receivables: -€7,270
- Other debts +€90,000
new in 2024: €90,000
- Reserves +€30,444
up €30,444 (+53.0%), from €57,391 to €87,835
- Trade debts +€12,167
new in 2024: €12,167
- Tax, wage and social debts -€11,193
down €11,193 (-40.9%), from €27,349 to €16,156
of which Taxes: -€9,795
- Staff costs +€19,662
up €19,662 (+56.5%), from €34,814 to €54,476
- Taxes -€11,633
down €11,633 (-47.0%), from €24,726 to €13,093
- Depreciation +€10,453
up €10,453 (+189.4%), from €5,519 to €15,972
- Gross operating margin -€8,896
down €8,896 (-7.1%), from €125,751 to €116,855
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,378 | €216,973 | +€121,595 | +127.5% |
| Fixed assets | 21/28 | €17,363 | €128,058 | +€110,695 | +637.5% |
| Intangible fixed assets | 21 | - | €90,000 | +€90,000 | |
| Tangible fixed assets | 22/27 | €17,363 | €38,058 | +€20,695 | +119.2% |
| Furniture and vehicles | 24 | €17,363 | €38,058 | +€20,695 | +119.2% |
| Current assets | 29/58 | €78,015 | €88,915 | +€10,900 | +14.0% |
| Amounts receivable within one year | 40/41 | €11,440 | €1,442 | -€9,998 | -87.4% |
| Trade receivables | 40 | €8,712 | €1,442 | -€7,270 | -83.4% |
| Other amounts receivable | 41 | €2,728 | - | -€2,728 | |
| Cash at bank and in hand | 54/58 | €66,575 | €86,831 | +€20,256 | +30.4% |
| Deferred charges and accrued income | 490/1 | - | €642 | +€642 | |
| Total equity and liabilities | 10/49 | €95,378 | €216,973 | +€121,595 | +127.5% |
| Equity | 10/15 | €68,029 | €98,650 | +€30,621 | +45.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €57,391 | €87,835 | +€30,444 | +53.0% |
| Distributable reserves | 133 | €57,391 | €87,835 | +€30,444 | +53.0% |
| Profit (loss) carried forward | 14 | €638 | €815 | +€177 | +27.7% |
| Amounts payable | 17/49 | €27,349 | €118,323 | +€90,974 | +332.6% |
| Amounts payable within one year | 42/48 | €27,349 | €118,323 | +€90,974 | +332.6% |
| Trade debts | 44 | - | €12,167 | +€12,167 | |
| Suppliers | 440/4 | - | €12,167 | +€12,167 | |
| Taxes, remuneration and social security | 45 | €27,349 | €16,156 | -€11,193 | -40.9% |
| Taxes | 450/3 | €22,888 | €13,093 | -€9,795 | -42.8% |
| Remuneration and social security | 454/9 | €4,461 | €3,063 | -€1,398 | -31.3% |
| Other amounts payable | 47/48 | - | €90,000 | +€90,000 | |
| Remuneration, social security and pensions | 62 | €34,814 | €54,476 | +€19,662 | +56.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,519 | €15,972 | +€10,453 | +189.4% |
| Other operating charges | 640/8 | €1,634 | €1,640 | +€6 | +0.4% |
| Gross operating margin | 9900 | €125,751 | €116,855 | -€8,896 | -7.1% |
| Operating profit (loss) | 9901 | €83,784 | €44,767 | -€39,017 | -46.6% |
| Financial charges | 65/66B | €1,029 | €1,053 | +€24 | +2.3% |
| Recurring financial charges | 65 | €1,029 | €1,053 | +€24 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €82,755 | €43,714 | -€39,041 | -47.2% |
| Income taxes | 67/77 | €24,726 | €13,093 | -€11,633 | -47.0% |
| Profit (loss) for the period | 9904 | €58,029 | €30,621 | -€27,408 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,029 | €30,621 | -€27,408 | -47.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.