DL 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.
DL Smile
Largest movements
- Tangible fixed assets -€31,670
down €31,670 (-2.2%), from €1.4m to €1.4m
of which Plant, machinery and equipment: -€40,843
- Debts after one year -€90,765
down €90,765 (-6.3%), from €1.4m to €1.3m
- Profit (loss) carried forward +€85,703
up €85,703 (+35.6%), from -€240,845 to -€155,142
- Gross operating margin +€241,081
up €241,081 (+383%), from €62,996 to €304,077
- Staff costs +€61,091
up €61,091 (+216%), from €28,343 to €89,433
- Depreciation +€47,505
up €47,505 (+78.9%), from €60,180 to €107,685
- Financial charges +€3,427
up €3,427 (+19.6%), from €17,520 to €20,947
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 | €1,480,244 | €1,456,259 | -€23,985 | -1.6% |
| Fixed assets | 21/28 | €1,415,211 | €1,383,541 | -€31,670 | -2.2% |
| Tangible fixed assets | 22/27 | €1,415,211 | €1,383,541 | -€31,670 | -2.2% |
| Land and buildings | 22 | €1,055,915 | €1,083,644 | +€27,730 | +2.6% |
| Plant, machinery and equipment | 23 | €180,318 | €139,475 | -€40,843 | -22.7% |
| Furniture and vehicles | 24 | €178,978 | €160,421 | -€18,557 | -10.4% |
| Current assets | 29/58 | €65,033 | €72,718 | +€7,685 | +11.8% |
| Amounts receivable within one year | 40/41 | - | €1,069 | +€1,069 | |
| Other amounts receivable | 41 | - | €1,069 | +€1,069 | |
| Cash at bank and in hand | 54/58 | €49,434 | €51,402 | +€1,968 | +4.0% |
| Deferred charges and accrued income | 490/1 | €15,599 | €20,247 | +€4,648 | +29.8% |
| Total equity and liabilities | 10/49 | €1,480,244 | €1,456,259 | -€23,985 | -1.6% |
| Equity | 10/15 | -€141,845 | -€56,142 | +€85,703 | +60.4% |
| Contributions | 10/11 | €99,000 | €99,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€240,845 | -€155,142 | +€85,703 | +35.6% |
| Amounts payable | 17/49 | €1,622,089 | €1,512,401 | -€109,688 | -6.8% |
| Amounts payable after more than one year | 17 | €1,432,504 | €1,341,739 | -€90,765 | -6.3% |
| Financial debts | 170/4 | €1,432,504 | €1,341,739 | -€90,765 | -6.3% |
| Amounts payable within one year | 42/48 | €186,172 | €167,089 | -€19,084 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €94,490 | €79,724 | -€14,766 | -15.6% |
| Trade debts | 44 | €35,398 | €34,604 | -€794 | -2.2% |
| Suppliers | 440/4 | €35,398 | €34,604 | -€794 | -2.2% |
| Taxes, remuneration and social security | 45 | €3,283 | €14,021 | +€10,737 | +327% |
| Remuneration and social security | 454/9 | €3,283 | €14,021 | +€10,737 | +327% |
| Other amounts payable | 47/48 | €53,000 | €38,740 | -€14,260 | -26.9% |
| Accrued charges and deferred income | 492/3 | €3,413 | €3,573 | +€161 | +4.7% |
| Remuneration, social security and pensions | 62 | €28,343 | €89,433 | +€61,091 | +216% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,180 | €107,685 | +€47,505 | +78.9% |
| Other operating charges | 640/8 | €289 | €309 | +€21 | +7.1% |
| Gross operating margin | 9900 | €62,996 | €304,077 | +€241,081 | +383% |
| Operating profit (loss) | 9901 | -€25,816 | €106,649 | +€132,465 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €17,520 | €20,947 | +€3,427 | +19.6% |
| Recurring financial charges | 65 | €17,520 | €20,947 | +€3,427 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | -€43,336 | €85,703 | +€129,039 | |
| Income taxes | 67/77 | €225 | - | -€225 | |
| Profit (loss) for the period | 9904 | -€43,561 | €85,703 | +€129,264 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,561 | €85,703 | +€129,264 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.