CDR 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.
CDR Smile
Largest movements
- Tangible fixed assets +€18,360
up €18,360 (+414%), from €4,431 to €22,791
- Cash +€14,236
up €14,236 (+26.5%), from €53,629 to €67,864
mainly Net result for the year (+€38,145) and Tax, wage and social debts (+€6,755)
- Receivables within one year +€5,579
up €5,579 (+112%), from €5,000 to €10,579
of which Other amounts receivable: +€5,134
- Profit (loss) carried forward +€38,145
up €38,145 (+83.3%), from €45,776 to €83,921
- Other debts -€8,510
no longer reported in 2025 (was €8,510)
- Tax, wage and social debts +€6,755
up €6,755 (+97.2%), from €6,947 to €13,702
- Current portion of long-term debt +€1,417
new in 2025: €1,417
- Gross operating margin +€23,840
up €23,840 (+68.9%), from €34,610 to €58,450
- Taxes +€6,755
up €6,755 (+97.2%), from €6,947 to €13,702
- Depreciation +€3,222
up €3,222 (+117%), from €2,745 to €5,967
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 | €63,505 | €101,234 | +€37,729 | +59.4% |
| Fixed assets | 21/28 | €4,431 | €22,791 | +€18,360 | +414% |
| Tangible fixed assets | 22/27 | €4,431 | €22,791 | +€18,360 | +414% |
| Furniture and vehicles | 24 | €4,431 | €22,791 | +€18,360 | +414% |
| Current assets | 29/58 | €59,074 | €78,443 | +€19,370 | +32.8% |
| Amounts receivable within one year | 40/41 | €5,000 | €10,579 | +€5,579 | +112% |
| Trade receivables | 40 | - | €445 | +€445 | |
| Other amounts receivable | 41 | €5,000 | €10,134 | +€5,134 | +103% |
| Cash at bank and in hand | 54/58 | €53,629 | €67,864 | +€14,236 | +26.5% |
| Deferred charges and accrued income | 490/1 | €445 | - | -€445 | |
| Total equity and liabilities | 10/49 | €63,505 | €101,234 | +€37,729 | +59.4% |
| Equity | 10/15 | €47,776 | €85,921 | +€38,145 | +79.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,776 | €83,921 | +€38,145 | +83.3% |
| Amounts payable | 17/49 | €15,729 | €15,313 | -€415 | -2.6% |
| Amounts payable within one year | 42/48 | €15,729 | €15,313 | -€415 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | - | €1,417 | +€1,417 | |
| Trade debts | 44 | €271 | €194 | -€77 | -28.3% |
| Suppliers | 440/4 | €271 | €194 | -€77 | -28.3% |
| Taxes, remuneration and social security | 45 | €6,947 | €13,702 | +€6,755 | +97.2% |
| Taxes | 450/3 | €6,947 | €13,702 | +€6,755 | +97.2% |
| Other amounts payable | 47/48 | €8,510 | - | -€8,510 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,745 | €5,967 | +€3,222 | +117% |
| Other operating charges | 640/8 | €727 | €751 | +€24 | +3.3% |
| Gross operating margin | 9900 | €34,610 | €58,450 | +€23,840 | +68.9% |
| Operating profit (loss) | 9901 | €31,138 | €51,732 | +€20,594 | +66.1% |
| Financial income | 75/76B | - | €145 | +€145 | |
| Recurring financial income | 75 | - | €145 | +€145 | |
| Financial charges | 65/66B | €55 | €30 | -€25 | -45.5% |
| Recurring financial charges | 65 | €55 | €30 | -€25 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €31,083 | €51,847 | +€20,763 | +66.8% |
| Income taxes | 67/77 | €6,947 | €13,702 | +€6,755 | +97.2% |
| Profit (loss) for the period | 9904 | €24,136 | €38,145 | +€14,009 | +58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,136 | €38,145 | +€14,009 | +58.0% |
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 24 October 2026 via checked.be.