CARO SMILE: what changed
CARO SMILE
Largest movements
- Cash -€30,931
down €30,931 (-14.8%), from €209,039 to €178,108
mainly Contributions, distributions and other (-€300,000) and Debts after one year (-€18,248)
- Tangible fixed assets -€12,628
down €12,628 (-23.2%), from €54,369 to €41,741
of which Furniture and vehicles: -€14,157
- Receivables within one year +€10,696
up €10,696 (+7.1%), from €151,331 to €162,028
of which Other amounts receivable: +€23,416
- Profit (loss) carried forward -€183,986
down €183,986 (-64.8%), from €283,717 to €99,731
- Other debts +€175,625
up €175,625 (+136%), from €128,926 to €304,550
- Debts after one year -€18,248
down €18,248 (-70.0%), from €26,068 to €7,820
- Gross operating margin +€63,336
up €63,336 (+59.9%), from €105,673 to €169,009
- Taxes +€15,767
up €15,767 (+86.5%), from €18,233 to €34,000
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €467,732 | €435,495 | -€32,237 | -6.9% |
| Fixed assets | 21/28 | €106,163 | €93,534 | -€12,628 | -11.9% |
| Tangible fixed assets | 22/27 | €54,369 | €41,741 | -€12,628 | -23.2% |
| Plant, machinery and equipment | 23 | €1,814 | €3,343 | +€1,529 | +84.3% |
| Furniture and vehicles | 24 | €52,555 | €38,398 | -€14,157 | -26.9% |
| Financial fixed assets | 28 | €51,793 | €51,793 | = | 0.0% |
| Current assets | 29/58 | €361,570 | €341,961 | -€19,609 | -5.4% |
| Amounts receivable within one year | 40/41 | €151,331 | €162,028 | +€10,696 | +7.1% |
| Trade receivables | 40 | €14,000 | €1,280 | -€12,720 | -90.9% |
| Other amounts receivable | 41 | €137,331 | €160,748 | +€23,416 | +17.1% |
| Cash at bank and in hand | 54/58 | €209,039 | €178,108 | -€30,931 | -14.8% |
| Deferred charges and accrued income | 490/1 | €1,199 | €1,825 | +€626 | +52.2% |
| Total equity and liabilities | 10/49 | €467,732 | €435,495 | -€32,237 | -6.9% |
| Equity | 10/15 | €288,717 | €104,731 | -€183,986 | -63.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €283,717 | €99,731 | -€183,986 | -64.8% |
| Amounts payable | 17/49 | €179,015 | €330,764 | +€151,749 | +84.8% |
| Amounts payable after more than one year | 17 | €26,068 | €7,820 | -€18,248 | -70.0% |
| Financial debts | 170/4 | €26,068 | €7,820 | -€18,248 | -70.0% |
| Amounts payable within one year | 42/48 | €152,948 | €322,944 | +€169,997 | +111% |
| Current portion of amounts payable after more than one year | 42 | €17,537 | €18,248 | +€711 | +4.1% |
| Trade debts | 44 | €2,507 | €146 | -€2,361 | -94.2% |
| Suppliers | 440/4 | €2,507 | €146 | -€2,361 | -94.2% |
| Taxes, remuneration and social security | 45 | €3,977 | - | -€3,977 | |
| Remuneration and social security | 454/9 | €3,977 | - | -€3,977 | |
| Other amounts payable | 47/48 | €128,926 | €304,550 | +€175,625 | +136% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,410 | €16,359 | +€950 | +6.2% |
| Other operating charges | 640/8 | €899 | €1,081 | +€182 | +20.3% |
| Gross operating margin | 9900 | €105,673 | €169,009 | +€63,336 | +59.9% |
| Operating profit (loss) | 9901 | €89,365 | €151,569 | +€62,204 | +69.6% |
| Financial income | 75/76B | €12 | €9 | -€3 | -25.0% |
| Recurring financial income | 75 | €12 | €9 | -€3 | -25.0% |
| Financial charges | 65/66B | €2,222 | €1,564 | -€659 | -29.6% |
| Recurring financial charges | 65 | €2,222 | €1,564 | -€659 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €87,155 | €150,014 | +€62,859 | +72.1% |
| Income taxes | 67/77 | €18,233 | €34,000 | +€15,767 | +86.5% |
| Profit (loss) for the period | 9904 | €68,922 | €116,014 | +€47,092 | +68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,922 | €116,014 | +€47,092 | +68.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.