Elite 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.
Elite Smile
Largest movements
- Tangible fixed assets +€74,703
up €74,703 (+21.5%), from €346,980 to €421,684
of which Land and buildings: +€74,931
- Receivables within one year +€20,549
up €20,549 (+97.7%), from €21,022 to €41,572
- Debts after one year +€72,925
up €72,925 (+24.1%), from €302,464 to €375,389
- Other debts +€22,300
new in 2025: €22,300
- Reserves -€21,043
down €21,043 (-26.3%), from €79,869 to €58,826
- Current portion of long-term debt +€10,376
up €10,376 (+80.4%), from €12,909 to €23,285
- Trade debts +€8,094
up €8,094 (+378%), from €2,143 to €10,237
- Gross operating margin -€21,656
down €21,656 (-31.9%), from €67,821 to €46,165
- Depreciation +€14,047
up €14,047 (+112%), from €12,492 to €26,538
- Financial charges +€5,141
up €5,141 (+42.8%), from €12,017 to €17,158
- Other operating charges -€1,117
down €1,117 (-29.7%), from €3,764 to €2,647
- Financial income +€745
up €745 (+90.6%), from €822 to €1,567
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 | €400,800 | €493,286 | +€92,487 | +23.1% |
| Fixed assets | 21/28 | €346,980 | €421,684 | +€74,703 | +21.5% |
| Tangible fixed assets | 22/27 | €346,980 | €421,684 | +€74,703 | +21.5% |
| Land and buildings | 22 | €345,526 | €420,457 | +€74,931 | +21.7% |
| Plant, machinery and equipment | 23 | €1,454 | €1,226 | -€228 | -15.7% |
| Current assets | 29/58 | €53,819 | €71,603 | +€17,783 | +33.0% |
| Amounts receivable within one year | 40/41 | €21,022 | €41,572 | +€20,549 | +97.7% |
| Other amounts receivable | 41 | €21,022 | €41,572 | +€20,549 | +97.7% |
| Cash at bank and in hand | 54/58 | €20,183 | €20,151 | -€32 | -0.2% |
| Deferred charges and accrued income | 490/1 | €12,614 | €9,880 | -€2,733 | -21.7% |
| Total equity and liabilities | 10/49 | €400,800 | €493,286 | +€92,487 | +23.1% |
| Equity | 10/15 | €80,869 | €59,826 | -€21,043 | -26.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €79,869 | €58,826 | -€21,043 | -26.3% |
| Distributable reserves | 133 | €79,869 | €58,826 | -€21,043 | -26.3% |
| Amounts payable | 17/49 | €319,931 | €433,460 | +€113,530 | +35.5% |
| Amounts payable after more than one year | 17 | €302,464 | €375,389 | +€72,925 | +24.1% |
| Financial debts | 170/4 | €302,464 | €375,389 | +€72,925 | +24.1% |
| Amounts payable within one year | 42/48 | €17,467 | €58,072 | +€40,605 | +232% |
| Current portion of amounts payable after more than one year | 42 | €12,909 | €23,285 | +€10,376 | +80.4% |
| Trade debts | 44 | €2,143 | €10,237 | +€8,094 | +378% |
| Suppliers | 440/4 | €2,143 | €10,237 | +€8,094 | +378% |
| Taxes, remuneration and social security | 45 | €2,415 | €2,250 | -€165 | -6.8% |
| Taxes | 450/3 | €2,415 | €2,250 | -€165 | -6.8% |
| Other amounts payable | 47/48 | - | €22,300 | +€22,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,492 | €26,538 | +€14,047 | +112% |
| Other operating charges | 640/8 | €3,764 | €2,647 | -€1,117 | -29.7% |
| Gross operating margin | 9900 | €67,821 | €46,165 | -€21,656 | -31.9% |
| Operating profit (loss) | 9901 | €51,566 | €16,980 | -€34,586 | -67.1% |
| Financial income | 75/76B | €822 | €1,567 | +€745 | +90.6% |
| Recurring financial income | 75 | €822 | €1,567 | +€745 | +90.6% |
| Financial charges | 65/66B | €12,017 | €17,158 | +€5,141 | +42.8% |
| Recurring financial charges | 65 | €12,017 | €17,158 | +€5,141 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | €40,371 | €1,389 | -€38,981 | -96.6% |
| Income taxes | 67/77 | €165 | €132 | -€32 | -19.5% |
| Profit (loss) for the period | 9904 | €40,206 | €1,257 | -€38,949 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,206 | €1,257 | -€38,949 | -96.9% |
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 23 October 2026 via checked.be.