LG SMILE: what changed
LG SMILE
Largest movements
- Receivables within one year +€52,070
up €52,070 (+434%), from €11,988 to €64,059
of which Other amounts receivable: +€47,620
- Cash -€9,520
down €9,520 (-10.6%), from €90,130 to €80,611
mainly Contributions, distributions and other (-€97,174) and Receivables within one year (-€52,070)
- Tangible fixed assets -€4,059
down €4,059 (-72.7%), from €5,579 to €1,521
- Other debts +€82,598
new in 2025: €82,598
- Profit (loss) carried forward -€52,565
no longer reported in 2025 (was €52,565)
- Tax, wage and social debts +€21,776
up €21,776 (+363%), from €6,000 to €27,776
- Trade debts -€13,606
down €13,606 (-99.7%), from €13,652 to €47
- Gross operating margin +€32,185
up €32,185 (+104%), from €31,079 to €63,264
- Taxes +€6,757
up €6,757 (+103%), from €6,587 to €13,344
- Depreciation -€1,234
down €1,234 (-18.8%), from €6,573 to €5,339
- Financial income +€1,225
up €1,225 (+303%), from €404 to €1,629
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 | €108,478 | €147,182 | +€38,704 | +35.7% |
| Fixed assets | 21/28 | €5,579 | €1,521 | -€4,059 | -72.7% |
| Tangible fixed assets | 22/27 | €5,579 | €1,521 | -€4,059 | -72.7% |
| Furniture and vehicles | 24 | €5,579 | €1,521 | -€4,059 | -72.7% |
| Current assets | 29/58 | €102,898 | €145,661 | +€42,762 | +41.6% |
| Amounts receivable within one year | 40/41 | €11,988 | €64,059 | +€52,070 | +434% |
| Trade receivables | 40 | €6,694 | €11,144 | +€4,450 | +66.5% |
| Other amounts receivable | 41 | €5,295 | €52,915 | +€47,620 | +899% |
| Cash at bank and in hand | 54/58 | €90,130 | €80,611 | -€9,520 | -10.6% |
| Deferred charges and accrued income | 490/1 | €780 | €991 | +€211 | +27.1% |
| Total equity and liabilities | 10/49 | €108,478 | €147,182 | +€38,704 | +35.7% |
| Equity | 10/15 | €88,826 | €36,761 | -€52,065 | -58.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,261 | €31,761 | +€500 | +1.6% |
| Distributable reserves | 133 | €31,261 | €31,761 | +€500 | +1.6% |
| Profit (loss) carried forward | 14 | €52,565 | - | -€52,565 | |
| Amounts payable | 17/49 | €19,652 | €110,421 | +€90,768 | +462% |
| Amounts payable within one year | 42/48 | €19,652 | €110,421 | +€90,768 | +462% |
| Trade debts | 44 | €13,652 | €47 | -€13,606 | -99.7% |
| Suppliers | 440/4 | €13,652 | €47 | -€13,606 | -99.7% |
| Taxes, remuneration and social security | 45 | €6,000 | €27,776 | +€21,776 | +363% |
| Taxes | 450/3 | €6,000 | €27,776 | +€21,776 | +363% |
| Other amounts payable | 47/48 | - | €82,598 | +€82,598 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,573 | €5,339 | -€1,234 | -18.8% |
| Other operating charges | 640/8 | €570 | €846 | +€276 | +48.3% |
| Gross operating margin | 9900 | €31,079 | €63,264 | +€32,185 | +104% |
| Operating profit (loss) | 9901 | €23,936 | €57,079 | +€33,143 | +138% |
| Financial income | 75/76B | €404 | €1,629 | +€1,225 | +303% |
| Recurring financial income | 75 | €404 | €1,629 | +€1,225 | +303% |
| Financial charges | 65/66B | €253 | €255 | +€2 | +0.6% |
| Recurring financial charges | 65 | €253 | €255 | +€2 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €24,087 | €58,453 | +€34,367 | +143% |
| Income taxes | 67/77 | €6,587 | €13,344 | +€6,757 | +103% |
| Profit (loss) for the period | 9904 | €17,500 | €45,109 | +€27,610 | +158% |
| Profit (loss) for the period to be appropriated | 9905 | €17,500 | €45,109 | +€27,610 | +158% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.