MC 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.
MC SMILE
Largest movements
- Cash +€61,534
up €61,534 (+114%), from €53,802 to €115,336
mainly Other debts (+€84,141) and Net result for the year (+€50,428)
- Deferred charges and accrued income -€9,563
down €9,563 (-93.8%), from €10,193 to €630
- Receivables within one year +€4,440
up €4,440 (+7.0%), from €63,742 to €68,182
- Tangible fixed assets +€2,419
new in 2025: €2,419
- Other debts +€84,141
up €84,141 (+9,795%), from €859 to €85,000
- Profit (loss) carried forward -€34,572
down €34,572 (-38.9%), from €88,934 to €54,362
- Tax, wage and social debts +€14,801
up €14,801 (+74.2%), from €19,948 to €34,749
of which Taxes: +€13,866
- Debts after one year -€5,728
down €5,728 (-51.2%), from €11,177 to €5,449
- Taxes -€20,683
down €20,683 (-59.9%), from €34,549 to €13,866
- Gross operating margin -€17,438
down €17,438 (-21.9%), from €79,457 to €62,019
- Depreciation -€9,398
down €9,398 (-100.0%), from €9,400 to €1
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 | €127,738 | €186,567 | +€58,829 | +46.1% |
| Fixed assets | 21/28 | - | €2,419 | +€2,419 | |
| Tangible fixed assets | 22/27 | - | €2,419 | +€2,419 | |
| Furniture and vehicles | 24 | - | €2,419 | +€2,419 | |
| Current assets | 29/58 | €127,738 | €184,148 | +€56,410 | +44.2% |
| Amounts receivable within one year | 40/41 | €63,742 | €68,182 | +€4,440 | +7.0% |
| Other amounts receivable | 41 | €63,742 | €68,182 | +€4,440 | +7.0% |
| Cash at bank and in hand | 54/58 | €53,802 | €115,336 | +€61,534 | +114% |
| Deferred charges and accrued income | 490/1 | €10,193 | €630 | -€9,563 | -93.8% |
| Total equity and liabilities | 10/49 | €127,738 | €186,567 | +€58,829 | +46.1% |
| Equity | 10/15 | €90,184 | €55,612 | -€34,572 | -38.3% |
| Contributions | 10/11 | €1,150 | €1,150 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,934 | €54,362 | -€34,572 | -38.9% |
| Amounts payable | 17/49 | €37,554 | €130,954 | +€93,401 | +249% |
| Amounts payable after more than one year | 17 | €11,177 | €5,449 | -€5,728 | -51.2% |
| Financial debts | 170/4 | €11,177 | €5,449 | -€5,728 | -51.2% |
| Amounts payable within one year | 42/48 | €26,377 | €125,505 | +€99,129 | +376% |
| Current portion of amounts payable after more than one year | 42 | €5,510 | €5,728 | +€218 | +4.0% |
| Trade debts | 44 | €60 | €28 | -€31 | -52.6% |
| Suppliers | 440/4 | €60 | €28 | -€31 | -52.6% |
| Taxes, remuneration and social security | 45 | €19,948 | €34,749 | +€14,801 | +74.2% |
| Taxes | 450/3 | €18,948 | €32,814 | +€13,866 | +73.2% |
| Remuneration and social security | 454/9 | €1,000 | €1,935 | +€935 | +93.5% |
| Other amounts payable | 47/48 | €859 | €85,000 | +€84,141 | +9,795% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,400 | €1 | -€9,398 | -100.0% |
| Other operating charges | 640/8 | €182 | €525 | +€343 | +188% |
| Gross operating margin | 9900 | €79,457 | €62,019 | -€17,438 | -21.9% |
| Operating profit (loss) | 9901 | €69,875 | €61,493 | -€8,383 | -12.0% |
| Financial income | 75/76B | €4,053 | €3,580 | -€473 | -11.7% |
| Recurring financial income | 75 | €4,053 | €3,580 | -€473 | -11.7% |
| Financial charges | 65/66B | €1,074 | €779 | -€295 | -27.5% |
| Recurring financial charges | 65 | €1,074 | €779 | -€295 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €72,854 | €64,294 | -€8,560 | -11.7% |
| Income taxes | 67/77 | €34,549 | €13,866 | -€20,683 | -59.9% |
| Profit (loss) for the period | 9904 | €38,305 | €50,428 | +€12,123 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,305 | €50,428 | +€12,123 | +31.6% |
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.