CLEVER 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.
CLEVER SMILE
Largest movements
- Current investments +€120,843
new in 2025: €120,843
- Cash -€36,803
down €36,803 (-72.0%), from €51,151 to €14,347
mainly Current investments (-€120,843) and Receivables within one year (-€18,598)
- Receivables within one year +€18,598
new in 2025: €18,598
- Deferred charges and accrued income -€16,445
down €16,445 (-91.2%), from €18,029 to €1,585
- Tangible fixed assets +€5,183
new in 2025: €5,183
- Reserves +€50,150
new in 2025: €50,150
- Tax, wage and social debts +€42,711
up €42,711 (+327%), from €13,075 to €55,786
of which Taxes: +€39,911
- Gross operating margin +€13,658
up €13,658 (+20.7%), from €66,113 to €79,770
- Taxes +€12,305
up €12,305 (+94.1%), from €13,075 to €25,380
- Financial charges +€1,286
up €1,286 (+76.2%), from €1,688 to €2,975
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 | €69,180 | €160,556 | +€91,376 | +132% |
| Fixed assets | 21/28 | - | €5,183 | +€5,183 | |
| Tangible fixed assets | 22/27 | - | €5,183 | +€5,183 | |
| Furniture and vehicles | 24 | - | €5,183 | +€5,183 | |
| Current assets | 29/58 | €69,180 | €155,373 | +€86,193 | +125% |
| Amounts receivable within one year | 40/41 | - | €18,598 | +€18,598 | |
| Trade receivables | 40 | - | €18,598 | +€18,598 | |
| Current investments | 50/53 | - | €120,843 | +€120,843 | |
| Cash at bank and in hand | 54/58 | €51,151 | €14,347 | -€36,803 | -72.0% |
| Deferred charges and accrued income | 490/1 | €18,029 | €1,585 | -€16,445 | -91.2% |
| Total equity and liabilities | 10/49 | €69,180 | €160,556 | +€91,376 | +132% |
| Equity | 10/15 | €51,950 | €101,203 | +€49,253 | +94.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €50,150 | +€50,150 | |
| Distributable reserves | 133 | - | €50,150 | +€50,150 | |
| Profit (loss) carried forward | 14 | €49,950 | €49,053 | -€897 | -1.8% |
| Amounts payable | 17/49 | €17,230 | €59,353 | +€42,123 | +244% |
| Amounts payable within one year | 42/48 | €17,109 | €59,114 | +€42,005 | +246% |
| Financial debts | 43 | - | €4 | +€4 | |
| Credit institutions | 430/8 | - | €4 | +€4 | |
| Trade debts | 44 | €3,175 | €2,424 | -€751 | -23.7% |
| Suppliers | 440/4 | €3,175 | €2,424 | -€751 | -23.7% |
| Taxes, remuneration and social security | 45 | €13,075 | €55,786 | +€42,711 | +327% |
| Taxes | 450/3 | €13,075 | €52,986 | +€39,911 | +305% |
| Remuneration and social security | 454/9 | - | €2,800 | +€2,800 | |
| Other amounts payable | 47/48 | €859 | €900 | +€41 | +4.8% |
| Accrued charges and deferred income | 492/3 | €121 | €239 | +€118 | +97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €761 | +€761 | |
| Other operating charges | 640/8 | €541 | €502 | -€40 | -7.3% |
| Gross operating margin | 9900 | €66,113 | €79,770 | +€13,658 | +20.7% |
| Operating profit (loss) | 9901 | €65,571 | €78,508 | +€12,936 | +19.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €1,688 | €2,975 | +€1,286 | +76.2% |
| Recurring financial charges | 65 | €1,688 | €2,975 | +€1,286 | +76.2% |
| Profit (loss) for the period before taxes | 9903 | €63,884 | €75,533 | +€11,648 | +18.2% |
| Income taxes | 67/77 | €13,075 | €25,380 | +€12,305 | +94.1% |
| Profit (loss) for the period | 9904 | €50,809 | €50,153 | -€657 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,809 | €50,153 | -€657 | -1.3% |
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 15 October 2026 via checked.be.