CT Smile: what changed
Two fiscal 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.
CT Smile
Largest movements
- Tangible fixed assets +€276,909
up €276,909 (+1486.0%), from €18,634 to €295,543
of which Land and buildings: +€206,495
- Cash -€78,522
down €78,522 (-53.1%), from €147,940 to €69,418
mainly Investment in fixed assets (net) (-€286,302) and Receivables within one year (-€18,325)
- Receivables within one year +€18,325
up €18,325 (+98.0%), from €18,708 to €37,032
of which Other amounts receivable: +€9,606
- Debts after one year +€135,280
new in 2025: €135,280
- Profit (loss) carried forward +€71,909
up €71,909 (+40.2%), from €179,048 to €250,957
- Trade debts +€8,944
up €8,944 (+976.6%), from €916 to €9,859
- Gross operating margin -€21,026
down €21,026 (-17.8%), from €118,452 to €97,427
- Taxes -€12,224
down €12,224 (-50.2%), from €24,329 to €12,105
- Depreciation +€3,209
up €3,209 (+51.9%), from €6,185 to €9,393
- Financial charges +€2,580
up €2,580 (+1798.5%), from €143 to €2,724
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.
Cash bridge derived
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 | €187,132 | €406,173 | +€219,041 | +117.1% |
| Fixed assets | 21/28 | €18,634 | €295,543 | +€276,909 | +1486.0% |
| Tangible fixed assets | 22/27 | €18,634 | €295,543 | +€276,909 | +1486.0% |
| Land and buildings | 22 | - | €206,495 | +€206,495 | |
| Furniture and vehicles | 24 | €18,634 | €21,403 | +€2,768 | +14.9% |
| Other tangible fixed assets | 26 | - | €67,645 | +€67,645 | |
| Current assets | 29/58 | €168,498 | €110,630 | -€57,868 | -34.3% |
| Amounts receivable within one year | 40/41 | €18,708 | €37,032 | +€18,325 | +98.0% |
| Trade receivables | 40 | €14,500 | €23,218 | +€8,718 | +60.1% |
| Other amounts receivable | 41 | €4,208 | €13,814 | +€9,606 | +228.3% |
| Cash at bank and in hand | 54/58 | €147,940 | €69,418 | -€78,522 | -53.1% |
| Deferred charges and accrued income | 490/1 | €1,850 | €4,180 | +€2,329 | +125.9% |
| Total equity and liabilities | 10/49 | €187,132 | €406,173 | +€219,041 | +117.1% |
| Equity | 10/15 | €182,048 | €253,957 | +€71,909 | +39.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €179,048 | €250,957 | +€71,909 | +40.2% |
| Amounts payable | 17/49 | €5,084 | €152,216 | +€147,132 | +2893.9% |
| Amounts payable after more than one year | 17 | - | €135,280 | +€135,280 | |
| Financial debts | 170/4 | - | €135,280 | +€135,280 | |
| Amounts payable within one year | 42/48 | €5,084 | €16,936 | +€11,852 | +233.1% |
| Current portion of amounts payable after more than one year | 42 | - | €2,934 | +€2,934 | |
| Trade debts | 44 | €916 | €9,859 | +€8,944 | +976.6% |
| Suppliers | 440/4 | €916 | €9,859 | +€8,944 | +976.6% |
| Taxes, remuneration and social security | 45 | €3,567 | €3,310 | -€258 | -7.2% |
| Taxes | 450/3 | €3,567 | €3,310 | -€258 | -7.2% |
| Other amounts payable | 47/48 | €601 | €833 | +€232 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,185 | €9,393 | +€3,209 | +51.9% |
| Other operating charges | 640/8 | €802 | €704 | -€98 | -12.2% |
| Gross operating margin | 9900 | €118,452 | €97,427 | -€21,026 | -17.8% |
| Operating profit (loss) | 9901 | €111,466 | €87,329 | -€24,136 | -21.7% |
| Financial income | 75/76B | €128 | €241 | +€114 | +89.2% |
| Recurring financial income | 75 | €128 | €241 | +€114 | +89.2% |
| Financial charges | 65/66B | €143 | €2,724 | +€2,580 | +1798.5% |
| Recurring financial charges | 65 | €143 | €2,724 | +€2,580 | +1798.5% |
| Profit (loss) for the period before taxes | 9903 | €111,450 | €84,847 | -€26,603 | -23.9% |
| Income taxes | 67/77 | €24,329 | €12,105 | -€12,224 | -50.2% |
| Profit (loss) for the period | 9904 | €87,120 | €72,742 | -€14,379 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €87,120 | €72,742 | -€14,379 | -16.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.