LMKSMILE: 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.
LMKSMILE
Largest movements
- Receivables within one year -€17,657
no longer reported in 2025 (was €17,657)
of which Trade receivables: -€16,450
- Cash +€7,957
up €7,957 (+243%), from €3,280 to €11,237
mainly Receivables within one year (+€17,657) and Other debts (+€13,868)
- Tangible fixed assets -€2,001
down €2,001 (-34.3%), from €5,843 to €3,842
- Deferred charges and accrued income -€1,017
no longer reported in 2025 (was €1,017)
- Profit (loss) carried forward -€30,142
new in 2025: -€30,142
- Other debts +€13,868
new in 2025: €13,868
- Tax, wage and social debts +€8,840
up €8,840 (+170%), from €5,197 to €14,038
of which Remuneration and social security: +€9,555
- Trade debts -€5,285
down €5,285 (-55.7%), from €9,486 to €4,201
- Turnover -€57,694
no longer reported in 2025 (was €57,694)
- Purchases and services -€48,106
no longer reported in 2025 (was €48,106)
- Gross operating margin -€42,395
down €42,395, from €13,936 to -€28,459
- Taxes -€3,793
down €3,793, from €3,077 to -€715
- Depreciation +€1,841
up €1,841 (+1,145%), from €161 to €2,001
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 | €27,895 | €15,176 | -€12,719 | -45.6% |
| Fixed assets | 21/28 | €5,941 | €3,940 | -€2,001 | -33.7% |
| Tangible fixed assets | 22/27 | €5,843 | €3,842 | -€2,001 | -34.3% |
| Plant, machinery and equipment | 23 | €5,843 | €3,842 | -€2,001 | -34.3% |
| Financial fixed assets | 28 | €98 | €98 | = | 0.0% |
| Current assets | 29/58 | €21,954 | €11,237 | -€10,717 | -48.8% |
| Amounts receivable within one year | 40/41 | €17,657 | - | -€17,657 | |
| Trade receivables | 40 | €16,450 | - | -€16,450 | |
| Other amounts receivable | 41 | €1,207 | - | -€1,207 | |
| Cash at bank and in hand | 54/58 | €3,280 | €11,237 | +€7,957 | +243% |
| Deferred charges and accrued income | 490/1 | €1,017 | - | -€1,017 | |
| Total equity and liabilities | 10/49 | €27,895 | €15,176 | -€12,719 | -45.6% |
| Equity | 10/15 | €13,212 | -€16,930 | -€30,142 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €10,212 | €10,212 | = | 0.0% |
| Distributable reserves | 133 | €10,212 | €10,212 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€30,142 | -€30,142 | |
| Amounts payable | 17/49 | €14,683 | €32,107 | +€17,424 | +119% |
| Amounts payable within one year | 42/48 | €14,683 | €32,107 | +€17,424 | +119% |
| Trade debts | 44 | €9,486 | €4,201 | -€5,285 | -55.7% |
| Suppliers | 440/4 | €9,486 | €4,201 | -€5,285 | -55.7% |
| Taxes, remuneration and social security | 45 | €5,197 | €14,038 | +€8,840 | +170% |
| Taxes | 450/3 | €3,077 | €2,362 | -€715 | -23.2% |
| Remuneration and social security | 454/9 | €2,120 | €11,675 | +€9,555 | +451% |
| Other amounts payable | 47/48 | - | €13,868 | +€13,868 | |
| Turnover | 70 | €57,694 | - | -€57,694 | |
| Goods, raw materials, services and sundry goods | 60/61 | €48,106 | - | -€48,106 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161 | €2,001 | +€1,841 | +1,145% |
| Other operating charges | 640/8 | €463 | €352 | -€112 | -24.1% |
| Gross operating margin | 9900 | €13,936 | -€28,459 | -€42,395 | |
| Operating profit (loss) | 9901 | €13,312 | -€30,812 | -€44,124 | |
| Financial charges | 65/66B | €23 | €45 | +€23 | +100% |
| Recurring financial charges | 65 | €23 | €45 | +€23 | +100% |
| Profit (loss) for the period before taxes | 9903 | €13,289 | -€30,857 | -€44,147 | |
| Income taxes | 67/77 | €3,077 | -€715 | -€3,793 | |
| Profit (loss) for the period | 9904 | €10,212 | -€30,142 | -€40,354 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,212 | -€30,142 | -€40,354 |
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 19 October 2026 via checked.be.