CLEAR 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.
CLEAR SMILE
Largest movements
- Current investments +€18,000
up €18,000 (+100%), from €18,000 to €36,000
- Receivables within one year +€3,200
up €3,200 (+70.6%), from €4,533 to €7,733
- Cash -€1,465
down €1,465 (-3.2%), from €45,566 to €44,101
mainly Contributions, distributions and other (-€64,706) and Current investments (-€18,000)
- Other debts +€25,000
new in 2025: €25,000
- Tax, wage and social debts -€3,356
down €3,356 (-23.6%), from €14,192 to €10,836
- Reserves -€1,893
down €1,893 (-2.8%), from €67,219 to €65,326
- Gross operating margin +€47,343
up €47,343 (+123%), from €38,591 to €85,934
- Taxes +€11,018
up €11,018 (+155%), from €7,099 to €18,118
- Financial charges -€1,358
down €1,358 (-94.8%), from €1,433 to €75
- Depreciation -€994
down €994 (-18.4%), from €5,394 to €4,400
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 | €83,129 | €102,712 | +€19,583 | +23.6% |
| Fixed assets | 21/28 | €14,927 | €14,017 | -€910 | -6.1% |
| Tangible fixed assets | 22/27 | €14,596 | €13,686 | -€910 | -6.2% |
| Land and buildings | 22 | €8,970 | €6,706 | -€2,264 | -25.2% |
| Plant, machinery and equipment | 23 | - | €3,484 | +€3,484 | |
| Furniture and vehicles | 24 | €5,626 | €3,496 | -€2,131 | -37.9% |
| Financial fixed assets | 28 | €331 | €331 | = | 0.0% |
| Current assets | 29/58 | €68,201 | €88,695 | +€20,493 | +30.0% |
| Amounts receivable within one year | 40/41 | €4,533 | €7,733 | +€3,200 | +70.6% |
| Other amounts receivable | 41 | €4,533 | €7,733 | +€3,200 | +70.6% |
| Current investments | 50/53 | €18,000 | €36,000 | +€18,000 | +100% |
| Cash at bank and in hand | 54/58 | €45,566 | €44,101 | -€1,465 | -3.2% |
| Deferred charges and accrued income | 490/1 | €103 | €861 | +€758 | +737% |
| Total equity and liabilities | 10/49 | €83,129 | €102,712 | +€19,583 | +23.6% |
| Equity | 10/15 | €68,719 | €66,826 | -€1,893 | -2.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €67,219 | €65,326 | -€1,893 | -2.8% |
| Distributable reserves | 133 | €67,219 | €65,326 | -€1,893 | -2.8% |
| Amounts payable | 17/49 | €14,410 | €35,886 | +€21,476 | +149% |
| Amounts payable within one year | 42/48 | €14,410 | €35,886 | +€21,476 | +149% |
| Trade debts | 44 | €218 | €50 | -€168 | -77.1% |
| Suppliers | 440/4 | €218 | €50 | -€168 | -77.1% |
| Taxes, remuneration and social security | 45 | €14,192 | €10,836 | -€3,356 | -23.6% |
| Taxes | 450/3 | €14,192 | €10,836 | -€3,356 | -23.6% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,394 | €4,400 | -€994 | -18.4% |
| Other operating charges | 640/8 | €592 | €528 | -€64 | -10.8% |
| Gross operating margin | 9900 | €38,591 | €85,934 | +€47,343 | +123% |
| Operating profit (loss) | 9901 | €32,604 | €81,005 | +€48,401 | +148% |
| Financial income | 75/76B | €144 | €0 | -€144 | -99.7% |
| Recurring financial income | 75 | €144 | €0 | -€144 | -99.7% |
| Financial charges | 65/66B | €1,433 | €75 | -€1,358 | -94.8% |
| Recurring financial charges | 65 | €1,433 | €75 | -€1,358 | -94.8% |
| Profit (loss) for the period before taxes | 9903 | €31,316 | €80,931 | +€49,614 | +158% |
| Income taxes | 67/77 | €7,099 | €18,118 | +€11,018 | +155% |
| Profit (loss) for the period | 9904 | €24,217 | €62,813 | +€38,596 | +159% |
| Profit (loss) for the period to be appropriated | 9905 | €24,217 | €62,813 | +€38,596 | +159% |
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 19 October 2026 via checked.be.