JUST 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.
JUST SMILE
Largest movements
- Cash +€4,161
up €4,161 (+75.4%), from €5,521 to €9,682
mainly Net result for the year (+€1,964) and Stocks and contracts (+€561)
- Stocks and contracts -€561
no longer reported in 2025 (was €561)
- Tangible fixed assets -€466
down €466 (-53.4%), from €872 to €406
- Deferred charges and accrued income -€393
no longer reported in 2025 (was €393)
- Reserves +€1,964
up €1,964 (+491%), from €400 to €2,364
of which Distributable reserves: +€2,364
- Tax, wage and social debts +€523
new in 2025: €523
- Other debts +€281
up €281 (+427%), from €66 to €347
- Gross operating margin +€1,432
up €1,432 (+105%), from €1,362 to €2,794
- Taxes +€196
new in 2025: €196
- Financial charges +€71
up €71 (+48.9%), from €146 to €218
- Financial income +€50
up €50 (+33,300%), from €0 to €50
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 | €8,105 | €10,872 | +€2,767 | +34.1% |
| Fixed assets | 21/28 | €872 | €406 | -€466 | -53.4% |
| Tangible fixed assets | 22/27 | €872 | €406 | -€466 | -53.4% |
| Furniture and vehicles | 24 | €872 | €406 | -€466 | -53.4% |
| Current assets | 29/58 | €7,232 | €10,466 | +€3,233 | +44.7% |
| Stocks and contracts in progress | 3 | €561 | - | -€561 | |
| Stocks | 30/36 | €561 | - | -€561 | |
| Amounts receivable within one year | 40/41 | €758 | €784 | +€26 | +3.5% |
| Trade receivables | 40 | €708 | €784 | +€76 | +10.8% |
| Other amounts receivable | 41 | €50 | - | -€50 | |
| Cash at bank and in hand | 54/58 | €5,521 | €9,682 | +€4,161 | +75.4% |
| Deferred charges and accrued income | 490/1 | €393 | - | -€393 | |
| Total equity and liabilities | 10/49 | €8,105 | €10,872 | +€2,767 | +34.1% |
| Equity | 10/15 | €8,039 | €10,002 | +€1,964 | +24.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Capital | 10 | €4,000 | - | -€4,000 | |
| Issued capital | 100 | €4,000 | - | -€4,000 | |
| Reserves | 13 | €400 | €2,364 | +€1,964 | +491% |
| Non-distributable reserves | 130/1 | €400 | - | -€400 | |
| Legal reserve | 130 | €400 | - | -€400 | |
| Distributable reserves | 133 | - | €2,364 | +€2,364 | |
| Profit (loss) carried forward | 14 | €3,639 | €3,639 | = | 0.0% |
| Amounts payable | 17/49 | €66 | €869 | +€804 | +1,221% |
| Amounts payable within one year | 42/48 | €66 | €869 | +€804 | +1,221% |
| Taxes, remuneration and social security | 45 | - | €523 | +€523 | |
| Taxes | 450/3 | - | €523 | +€523 | |
| Other amounts payable | 47/48 | €66 | €347 | +€281 | +427% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €466 | €466 | = | 0.0% |
| Gross operating margin | 9900 | €1,362 | €2,794 | +€1,432 | +105% |
| Operating profit (loss) | 9901 | €895 | €2,328 | +€1,432 | +160% |
| Financial income | 75/76B | €0 | €50 | +€50 | +33,300% |
| Recurring financial income | 75 | €0 | €50 | +€50 | +33,300% |
| Financial charges | 65/66B | €146 | €218 | +€71 | +48.9% |
| Recurring financial charges | 65 | €146 | €218 | +€71 | +48.9% |
| Profit (loss) for the period before taxes | 9903 | €749 | €2,160 | +€1,411 | +188% |
| Income taxes | 67/77 | - | €196 | +€196 | |
| Profit (loss) for the period | 9904 | €749 | €1,964 | +€1,214 | +162% |
| Profit (loss) for the period to be appropriated | 9905 | €749 | €1,964 | +€1,214 | +162% |
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.