LSmile: 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.
LSmile
Largest movements
- Receivables within one year -€5,459
down €5,459 (-35.2%), from €15,522 to €10,064
- Deferred charges and accrued income +€5,325
up €5,325 (+103.3%), from €5,156 to €10,481
- Cash +€4,146
up €4,146 (+93.6%), from €4,431 to €8,578
mainly Other debts (+€20,206) and Receivables within one year (+€5,459)
- Tangible fixed assets -€1,237
down €1,237 (-60.5%), from €2,046 to €809
- Other debts +€20,206
new in 2025: €20,206
- Profit (loss) carried forward -€17,285
down €17,285 (-100.0%), from €17,285 to €0
- Accrued charges and deferred income -€400
no longer reported in 2025 (was €400)
- Gross operating margin +€24,903
up €24,903, from -€15,231 to €9,673
- Other operating charges -€10,816
down €10,816 (-72.6%), from €14,905 to €4,088
- Taxes +€801
up €801 (+244.7%), from €327 to €1,129
- Financial charges +€763
up €763 (+324.2%), from €235 to €999
- Financial income -€268
down €268 (-27.7%), from €969 to €701
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 | €27,156 | €29,931 | +€2,775 | +10.2% |
| Fixed assets | 21/28 | €2,046 | €809 | -€1,237 | -60.5% |
| Tangible fixed assets | 22/27 | €2,046 | €809 | -€1,237 | -60.5% |
| Plant, machinery and equipment | 23 | €2,046 | €809 | -€1,237 | -60.5% |
| Current assets | 29/58 | €25,110 | €29,122 | +€4,012 | +16.0% |
| Amounts receivable within one year | 40/41 | €15,522 | €10,064 | -€5,459 | -35.2% |
| Other amounts receivable | 41 | €15,522 | €10,064 | -€5,459 | -35.2% |
| Cash at bank and in hand | 54/58 | €4,431 | €8,578 | +€4,146 | +93.6% |
| Deferred charges and accrued income | 490/1 | €5,156 | €10,481 | +€5,325 | +103.3% |
| Total equity and liabilities | 10/49 | €27,156 | €29,931 | +€2,775 | +10.2% |
| Equity | 10/15 | €22,285 | €5,000 | -€17,285 | -77.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,285 | €0 | -€17,285 | -100.0% |
| Amounts payable | 17/49 | €4,871 | €24,931 | +€20,060 | +411.8% |
| Amounts payable within one year | 42/48 | €4,471 | €24,931 | +€20,460 | +457.6% |
| Trade debts | 44 | - | €288 | +€288 | |
| Suppliers | 440/4 | - | €288 | +€288 | |
| Taxes, remuneration and social security | 45 | €4,471 | €4,437 | -€34 | -0.8% |
| Taxes | 450/3 | €4,471 | €3,437 | -€1,034 | -23.1% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | - | €20,206 | +€20,206 | |
| Accrued charges and deferred income | 492/3 | €400 | - | -€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,329 | €1,237 | -€92 | -6.9% |
| Other operating charges | 640/8 | €14,905 | €4,088 | -€10,816 | -72.6% |
| Gross operating margin | 9900 | -€15,231 | €9,673 | +€24,903 | |
| Operating profit (loss) | 9901 | -€31,464 | €4,347 | +€35,811 | |
| Financial income | 75/76B | €969 | €701 | -€268 | -27.7% |
| Recurring financial income | 75 | €969 | €701 | -€268 | -27.7% |
| Financial charges | 65/66B | €235 | €999 | +€763 | +324.2% |
| Recurring financial charges | 65 | €235 | €999 | +€763 | +324.2% |
| Profit (loss) for the period before taxes | 9903 | -€30,731 | €4,049 | +€34,780 | |
| Income taxes | 67/77 | €327 | €1,129 | +€801 | +244.7% |
| Profit (loss) for the period | 9904 | -€31,058 | €2,921 | +€33,979 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,058 | €2,921 | +€33,979 |
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 8 October 2026 via checked.be.