CP 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.
CP SMILE
Largest movements
- Cash +€60,048
up €60,048 (+80.6%), from €74,504 to €134,552
mainly Net result for the year (+€47,492) and Receivables within one year (+€11,923)
- Receivables within one year -€11,923
down €11,923 (-28.6%), from €41,631 to €29,708
of which Other amounts receivable: -€29,450
- Profit (loss) carried forward +€47,492
up €47,492 (+48.2%), from €98,609 to €146,101
- Turnover -€147,699
no longer reported in 2025 (was €147,699)
- Purchases and services -€73,670
no longer reported in 2025 (was €73,670)
- Gross operating margin -€14,426
down €14,426 (-19.5%), from €74,052 to €59,627
- Taxes -€2,851
down €2,851 (-19.1%), from €14,896 to €12,045
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 | €116,412 | €165,134 | +€48,722 | +41.9% |
| Current assets | 29/58 | €116,412 | €165,134 | +€48,722 | +41.9% |
| Amounts receivable within one year | 40/41 | €41,631 | €29,708 | -€11,923 | -28.6% |
| Trade receivables | 40 | €12,181 | €29,708 | +€17,527 | +144% |
| Other amounts receivable | 41 | €29,450 | - | -€29,450 | |
| Cash at bank and in hand | 54/58 | €74,504 | €134,552 | +€60,048 | +80.6% |
| Deferred charges and accrued income | 490/1 | €277 | €874 | +€597 | +216% |
| Total equity and liabilities | 10/49 | €116,412 | €165,134 | +€48,722 | +41.9% |
| Equity | 10/15 | €101,109 | €148,601 | +€47,492 | +47.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,609 | €146,101 | +€47,492 | +48.2% |
| Amounts payable | 17/49 | €15,303 | €16,533 | +€1,230 | +8.0% |
| Amounts payable within one year | 42/48 | €15,303 | €16,533 | +€1,230 | +8.0% |
| Trade debts | 44 | €93 | €643 | +€550 | +590% |
| Suppliers | 440/4 | €93 | €643 | +€550 | +590% |
| Taxes, remuneration and social security | 45 | €14,933 | €15,498 | +€564 | +3.8% |
| Taxes | 450/3 | €14,896 | €12,045 | -€2,851 | -19.1% |
| Remuneration and social security | 454/9 | €38 | €3,453 | +€3,416 | +9,109% |
| Other amounts payable | 47/48 | €277 | €392 | +€116 | +41.8% |
| Turnover | 70 | €147,699 | - | -€147,699 | |
| Non-recurring operating income | 76A | €24 | - | -€24 | |
| Goods, raw materials, services and sundry goods | 60/61 | €73,670 | - | -€73,670 | |
| Gross operating margin | 9900 | €74,052 | €59,627 | -€14,426 | -19.5% |
| Operating profit (loss) | 9901 | €74,052 | €59,627 | -€14,426 | -19.5% |
| Financial charges | 65/66B | €123 | €90 | -€33 | -26.9% |
| Recurring financial charges | 65 | €123 | €90 | -€33 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €73,929 | €59,537 | -€14,393 | -19.5% |
| Income taxes | 67/77 | €14,896 | €12,045 | -€2,851 | -19.1% |
| Profit (loss) for the period | 9904 | €59,033 | €47,492 | -€11,541 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,033 | €47,492 | -€11,541 | -19.6% |
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.