EDEN SMILE: what changed
EDEN SMILE
Largest movements
- Receivables within one year +€24,821
up €24,821 (+194%), from €12,790 to €37,611
of which Other amounts receivable: +€25,976
- Deferred charges and accrued income -€21,577
down €21,577 (-56.8%), from €38,008 to €16,432
- Tangible fixed assets -€15,996
down €15,996 (-49.7%), from €32,180 to €16,184
of which Plant, machinery and equipment: -€13,357
- Receivables after one year +€7,366
up €7,366 (+2.9%), from €257,893 to €265,259
- Cash -€4,371
down €4,371 (-50.4%), from €8,680 to €4,309
mainly Contributions, distributions and other (-€97,654) and Receivables within one year (-€24,821)
- Reserves -€87,180
down €87,180 (-59.8%), from €145,847 to €58,667
- Other debts +€80,138
up €80,138 (+78.9%), from €101,516 to €181,654
- Debts after one year -€13,124
down €13,124 (-17.4%), from €75,442 to €62,318
- Tax, wage and social debts +€8,342
up €8,342 (+10.2%), from €81,658 to €90,001
of which Remuneration and social security: +€12,022
- Trade debts +€5,372
up €5,372 (+7.8%), from €68,936 to €74,308
- Gross operating margin -€32,584
down €32,584 (-15.6%), from €208,427 to €175,843
- Other operating charges -€7,941
down €7,941 (-40.9%), from €19,428 to €11,487
- Taxes -€6,140
down €6,140 (-32.2%), from €19,070 to €12,931
- Depreciation -€4,959
down €4,959 (-19.0%), from €26,082 to €21,123
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €351,052 | €341,295 | -€9,757 | -2.8% |
| Fixed assets | 21/28 | €33,680 | €17,684 | -€15,996 | -47.5% |
| Tangible fixed assets | 22/27 | €32,180 | €16,184 | -€15,996 | -49.7% |
| Plant, machinery and equipment | 23 | €13,994 | €637 | -€13,357 | -95.4% |
| Furniture and vehicles | 24 | €11,699 | €10,662 | -€1,037 | -8.9% |
| Leasing and similar rights | 25 | €5,134 | €1,551 | -€3,583 | -69.8% |
| Other tangible fixed assets | 26 | €1,352 | €3,335 | +€1,982 | +147% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €317,372 | €323,611 | +€6,239 | +2.0% |
| Amounts receivable after more than one year | 29 | €257,893 | €265,259 | +€7,366 | +2.9% |
| Other amounts receivable | 291 | €257,893 | €265,259 | +€7,366 | +2.9% |
| Amounts receivable within one year | 40/41 | €12,790 | €37,611 | +€24,821 | +194% |
| Trade receivables | 40 | €1,264 | €109 | -€1,155 | -91.4% |
| Other amounts receivable | 41 | €11,527 | €37,502 | +€25,976 | +225% |
| Cash at bank and in hand | 54/58 | €8,680 | €4,309 | -€4,371 | -50.4% |
| Deferred charges and accrued income | 490/1 | €38,008 | €16,432 | -€21,577 | -56.8% |
| Total equity and liabilities | 10/49 | €351,052 | €341,295 | -€9,757 | -2.8% |
| Equity | 10/15 | €4,998 | -€82,182 | -€87,180 | |
| Contributions | 10/11 | €6,220 | €6,220 | = | 0.0% |
| Reserves | 13 | €145,847 | €58,667 | -€87,180 | -59.8% |
| Distributable reserves | 133 | €145,847 | €58,667 | -€87,180 | -59.8% |
| Profit (loss) carried forward | 14 | -€147,069 | -€147,069 | = | 0.0% |
| Amounts payable | 17/49 | €346,054 | €423,478 | +€77,424 | +22.4% |
| Amounts payable after more than one year | 17 | €75,442 | €62,318 | -€13,124 | -17.4% |
| Financial debts | 170/4 | €75,442 | €62,318 | -€13,124 | -17.4% |
| Amounts payable within one year | 42/48 | €268,873 | €359,604 | +€90,731 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €15,365 | €13,124 | -€2,241 | -14.6% |
| Financial debts | 43 | €898 | €518 | -€380 | -42.3% |
| Credit institutions | 430/8 | €898 | €518 | -€380 | -42.3% |
| Trade debts | 44 | €68,936 | €74,308 | +€5,372 | +7.8% |
| Suppliers | 440/4 | €68,936 | €74,308 | +€5,372 | +7.8% |
| Advances received on contracts in progress | 46 | €500 | €0 | -€500 | -100% |
| Taxes, remuneration and social security | 45 | €81,658 | €90,001 | +€8,342 | +10.2% |
| Taxes | 450/3 | €67,676 | €63,996 | -€3,680 | -5.4% |
| Remuneration and social security | 454/9 | €13,982 | €26,004 | +€12,022 | +86.0% |
| Other amounts payable | 47/48 | €101,516 | €181,654 | +€80,138 | +78.9% |
| Accrued charges and deferred income | 492/3 | €1,739 | €1,555 | -€184 | -10.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €103,602 | €102,269 | -€1,333 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,082 | €21,123 | -€4,959 | -19.0% |
| Other operating charges | 640/8 | €19,428 | €11,487 | -€7,941 | -40.9% |
| Non-recurring operating charges | 66A | €2,150 | €17,908 | +€15,758 | +733% |
| Gross operating margin | 9900 | €208,427 | €175,843 | -€32,584 | -15.6% |
| Operating profit (loss) | 9901 | €57,165 | €23,056 | -€34,109 | -59.7% |
| Financial income | 75/76B | €8,103 | €8,894 | +€792 | +9.8% |
| Recurring financial income | 75 | €8,103 | €8,894 | +€792 | +9.8% |
| Financial charges | 65/66B | €9,668 | €8,546 | -€1,122 | -11.6% |
| Recurring financial charges | 65 | €9,668 | €8,546 | -€1,122 | -11.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €55,599 | €23,404 | -€32,195 | -57.9% |
| Income taxes | 67/77 | €19,070 | €12,931 | -€6,140 | -32.2% |
| Profit (loss) for the period | 9904 | €36,529 | €10,474 | -€26,055 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,529 | €10,474 | -€26,055 | -71.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.