CLEFTS 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.
CLEFTS SMILE
Largest movements
- Cash +€47,937
up €47,937 (+105%), from €45,779 to €93,716
mainly Net result for the year (+€90,216)
- Deferred charges and accrued income +€27,302
up €27,302 (+74.8%), from €36,498 to €63,800
- Receivables within one year +€7,890
up €7,890 (+197%), from €4,000 to €11,890
- Profit (loss) carried forward +€90,216
up €90,216 (+3,572%), from €2,526 to €92,741
- Trade debts -€3,884
down €3,884 (-92.5%), from €4,199 to €315
- Other debts -€3,203
no longer reported in 2025 (was €3,203)
- Gross operating margin +€19,663
up €19,663 (+21.1%), from €93,024 to €112,687
- Depreciation -€1,920
no longer reported in 2025 (was €1,920)
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 | €127,428 | €210,556 | +€83,129 | +65.2% |
| Fixed assets | 21/28 | €1,150 | €1,150 | = | 0.0% |
| Financial fixed assets | 28 | €1,150 | €1,150 | = | 0.0% |
| Current assets | 29/58 | €126,278 | €209,406 | +€83,129 | +65.8% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,000 | €11,890 | +€7,890 | +197% |
| Other amounts receivable | 41 | €4,000 | €11,890 | +€7,890 | +197% |
| Cash at bank and in hand | 54/58 | €45,779 | €93,716 | +€47,937 | +105% |
| Deferred charges and accrued income | 490/1 | €36,498 | €63,800 | +€27,302 | +74.8% |
| Total equity and liabilities | 10/49 | €127,428 | €210,556 | +€83,129 | +65.2% |
| Equity | 10/15 | €120,026 | €210,241 | +€90,216 | +75.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €117,000 | €117,000 | = | 0.0% |
| Distributable reserves | 133 | €117,000 | €117,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,526 | €92,741 | +€90,216 | +3,572% |
| Amounts payable | 17/49 | €7,402 | €315 | -€7,087 | -95.7% |
| Amounts payable within one year | 42/48 | €7,402 | €315 | -€7,087 | -95.7% |
| Trade debts | 44 | €4,199 | €315 | -€3,884 | -92.5% |
| Suppliers | 440/4 | €4,199 | €315 | -€3,884 | -92.5% |
| Other amounts payable | 47/48 | €3,203 | - | -€3,203 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,920 | - | -€1,920 | |
| Other operating charges | 640/8 | €381 | €66 | -€316 | -82.8% |
| Gross operating margin | 9900 | €93,024 | €112,687 | +€19,663 | +21.1% |
| Operating profit (loss) | 9901 | €90,723 | €112,621 | +€21,899 | +24.1% |
| Financial income | 75/76B | €1,133 | €1,512 | +€379 | +33.4% |
| Recurring financial income | 75 | €1,133 | €1,512 | +€379 | +33.4% |
| Financial charges | 65/66B | €38 | €38 | = | 0.0% |
| Recurring financial charges | 65 | €38 | €38 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €91,817 | €114,095 | +€22,278 | +24.3% |
| Income taxes | 67/77 | €25,000 | €23,879 | -€1,121 | -4.5% |
| Profit (loss) for the period | 9904 | €66,817 | €90,216 | +€23,399 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,817 | €90,216 | +€23,399 | +35.0% |
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 31 October 2026 via checked.be.