KEEP SMILE: what changed
Two fiscal 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.
KEEP SMILE
Largest movements
- Cash +€217,968
up €217,968 (+48.4%), from €450,092 to €668,060
mainly Net result for the year (+€98,192) and Other debts (+€82,809)
- Receivables within one year -€24,688
down €24,688 (-96.8%), from €25,492 to €803
of which Other amounts receivable: -€19,792
- Tangible fixed assets -€9,312
down €9,312 (-24.1%), from €38,668 to €29,356
- Deferred charges and accrued income -€8,026
down €8,026 (-27.6%), from €29,107 to €21,081
- Reserves +€98,192
up €98,192 (+19.6%), from €500,180 to €598,372
of which Distributable reserves: +€98,192
- Other debts +€82,809
up €82,809 (+4257.0%), from €1,945 to €84,754
- Tax, wage and social debts -€11,097
no longer reported in 2025 (was €11,097)
- Financial charges +€7,043
up €7,043 (+1589.6%), from €443 to €7,486
- Depreciation +€1,998
up €1,998 (+22.6%), from €8,835 to €10,833
- Taxes -€1,721
down €1,721 (-4.2%), from €41,097 to €39,376
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 | €543,359 | €719,301 | +€175,942 | +32.4% |
| Fixed assets | 21/28 | €38,668 | €29,356 | -€9,312 | -24.1% |
| Tangible fixed assets | 22/27 | €38,668 | €29,356 | -€9,312 | -24.1% |
| Furniture and vehicles | 24 | €38,668 | €29,356 | -€9,312 | -24.1% |
| Current assets | 29/58 | €504,691 | €689,945 | +€185,254 | +36.7% |
| Amounts receivable within one year | 40/41 | €25,492 | €803 | -€24,688 | -96.8% |
| Trade receivables | 40 | €4,896 | - | -€4,896 | |
| Other amounts receivable | 41 | €20,595 | €803 | -€19,792 | -96.1% |
| Cash at bank and in hand | 54/58 | €450,092 | €668,060 | +€217,968 | +48.4% |
| Deferred charges and accrued income | 490/1 | €29,107 | €21,081 | -€8,026 | -27.6% |
| Total equity and liabilities | 10/49 | €543,359 | €719,301 | +€175,942 | +32.4% |
| Equity | 10/15 | €520,180 | €618,372 | +€98,192 | +18.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €500,180 | €598,372 | +€98,192 | +19.6% |
| Non-distributable reserves | 130/1 | €6,774 | €6,774 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,774 | €6,774 | = | 0.0% |
| Distributable reserves | 133 | €493,406 | €591,598 | +€98,192 | +19.9% |
| Amounts payable | 17/49 | €23,179 | €100,929 | +€77,750 | +335.4% |
| Amounts payable within one year | 42/48 | €22,655 | €94,386 | +€71,732 | +316.6% |
| Trade debts | 44 | €9,612 | €9,632 | +€20 | +0.2% |
| Suppliers | 440/4 | €9,612 | €9,632 | +€20 | +0.2% |
| Taxes, remuneration and social security | 45 | €11,097 | - | -€11,097 | |
| Taxes | 450/3 | €11,097 | - | -€11,097 | |
| Other amounts payable | 47/48 | €1,945 | €84,754 | +€82,809 | +4257.0% |
| Accrued charges and deferred income | 492/3 | €525 | €6,543 | +€6,018 | +1146.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,835 | €10,833 | +€1,998 | +22.6% |
| Other operating charges | 640/8 | €2,796 | €3,524 | +€728 | +26.0% |
| Non-recurring operating charges | 66A | €4,889 | €58 | -€4,831 | -98.8% |
| Gross operating margin | 9900 | €156,720 | €157,603 | +€883 | +0.6% |
| Operating profit (loss) | 9901 | €140,200 | €143,188 | +€2,988 | +2.1% |
| Financial income | 75/76B | €2,165 | €1,866 | -€300 | -13.8% |
| Recurring financial income | 75 | €2,165 | €1,866 | -€300 | -13.8% |
| Financial charges | 65/66B | €443 | €7,486 | +€7,043 | +1589.6% |
| Recurring financial charges | 65 | €443 | €7,486 | +€7,043 | +1589.6% |
| Profit (loss) for the period before taxes | 9903 | €141,923 | €137,568 | -€4,355 | -3.1% |
| Income taxes | 67/77 | €41,097 | €39,376 | -€1,721 | -4.2% |
| Profit (loss) for the period | 9904 | €100,825 | €98,192 | -€2,634 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €100,825 | €98,192 | -€2,634 | -2.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.