DSmile: 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.
DSmile
Largest movements
- Tangible fixed assets -€11,343
down €11,343 (-5.3%), from €215,082 to €203,739
of which Leasing and similar rights: -€8,960
- Cash -€8,442
down €8,442 (-27.6%), from €30,606 to €22,164
mainly Debts after one year (-€38,301) and Investment in fixed assets (net) (-€23,879)
- Receivables within one year -€4,059
down €4,059 (-33.1%), from €12,273 to €8,213
of which Other amounts receivable: -€4,059
- Debts after one year -€38,301
down €38,301 (-41.9%), from €91,347 to €53,045
- Reserves +€14,037
up €14,037 (+12.1%), from €116,341 to €130,378
- Tax, wage and social debts +€10,233
up €10,233 (+140.2%), from €7,297 to €17,531
of which Taxes: +€7,373
- Trade debts -€8,773
down €8,773 (-76.0%), from €11,547 to €2,774
- Gross operating margin +€22,305
up €22,305 (+21.9%), from €101,764 to €124,069
- Taxes +€6,318
up €6,318 (+79.4%), from €7,955 to €14,273
- Depreciation +€4,166
up €4,166 (+13.4%), from €31,057 to €35,223
- Other operating charges -€1,631
down €1,631 (-29.4%), from €5,544 to €3,913
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 | €272,121 | €250,106 | -€22,014 | -8.1% |
| Fixed assets | 21/28 | €215,307 | €203,964 | -€11,343 | -5.3% |
| Tangible fixed assets | 22/27 | €215,082 | €203,739 | -€11,343 | -5.3% |
| Land and buildings | 22 | €158,471 | €161,074 | +€2,603 | +1.6% |
| Plant, machinery and equipment | 23 | - | €264 | +€264 | |
| Furniture and vehicles | 24 | €5,349 | €1,542 | -€3,807 | -71.2% |
| Leasing and similar rights | 25 | €49,819 | €40,859 | -€8,960 | -18.0% |
| Other tangible fixed assets | 26 | €1,444 | - | -€1,444 | |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €56,814 | €46,143 | -€10,671 | -18.8% |
| Stocks and contracts in progress | 3 | €9,274 | €11,464 | +€2,190 | +23.6% |
| Stocks | 30/36 | €9,274 | €11,464 | +€2,190 | +23.6% |
| Amounts receivable within one year | 40/41 | €12,273 | €8,213 | -€4,059 | -33.1% |
| Trade receivables | 40 | €8,213 | €8,213 | = | 0.0% |
| Other amounts receivable | 41 | €4,059 | - | -€4,059 | |
| Cash at bank and in hand | 54/58 | €30,606 | €22,164 | -€8,442 | -27.6% |
| Deferred charges and accrued income | 490/1 | €4,661 | €4,301 | -€360 | -7.7% |
| Total equity and liabilities | 10/49 | €272,121 | €250,106 | -€22,014 | -8.1% |
| Equity | 10/15 | €116,341 | €130,378 | +€14,037 | +12.1% |
| Reserves | 13 | €116,341 | €130,378 | +€14,037 | +12.1% |
| Distributable reserves | 133 | €116,341 | €130,378 | +€14,037 | +12.1% |
| Amounts payable | 17/49 | €155,780 | €119,729 | -€36,051 | -23.1% |
| Amounts payable after more than one year | 17 | €91,347 | €53,045 | -€38,301 | -41.9% |
| Financial debts | 170/4 | €91,347 | €53,045 | -€38,301 | -41.9% |
| Amounts payable within one year | 42/48 | €61,324 | €63,295 | +€1,972 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €39,952 | €38,301 | -€1,651 | -4.1% |
| Trade debts | 44 | €11,547 | €2,774 | -€8,773 | -76.0% |
| Suppliers | 440/4 | €11,547 | €2,774 | -€8,773 | -76.0% |
| Taxes, remuneration and social security | 45 | €7,297 | €17,531 | +€10,233 | +140.2% |
| Taxes | 450/3 | €1,200 | €8,573 | +€7,373 | +614.4% |
| Remuneration and social security | 454/9 | €6,097 | €8,957 | +€2,860 | +46.9% |
| Other amounts payable | 47/48 | €2,527 | €4,689 | +€2,162 | +85.5% |
| Accrued charges and deferred income | 492/3 | €3,110 | €3,388 | +€278 | +8.9% |
| Remuneration, social security and pensions | 62 | €37,301 | €37,004 | -€297 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,057 | €35,223 | +€4,166 | +13.4% |
| Other operating charges | 640/8 | €5,544 | €3,913 | -€1,631 | -29.4% |
| Gross operating margin | 9900 | €101,764 | €124,069 | +€22,305 | +21.9% |
| Operating profit (loss) | 9901 | €27,862 | €47,929 | +€20,068 | +72.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,779 | €3,143 | -€637 | -16.8% |
| Recurring financial charges | 65 | €3,779 | €3,143 | -€637 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €24,083 | €44,787 | +€20,704 | +86.0% |
| Income taxes | 67/77 | €7,955 | €14,273 | +€6,318 | +79.4% |
| Profit (loss) for the period | 9904 | €16,127 | €30,514 | +€14,386 | +89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,127 | €30,514 | +€14,386 | +89.2% |
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 11 October 2026 via checked.be.