MWSMILE: 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.
MWSMILE
Largest movements
- Cash +€52,967
up €52,967 (+62.4%), from €84,943 to €137,911
mainly Net result for the year (+€51,984) and Debts after one year (+€22,001)
- Tangible fixed assets +€29,640
new in 2025: €29,640
- Profit (loss) carried forward +€51,984
up €51,984 (+56.4%), from €92,179 to €144,163
- Debts after one year +€22,001
new in 2025: €22,001
- Current portion of long-term debt +€8,374
new in 2025: €8,374
- Tax, wage and social debts +€2,527
up €2,527 (+16.5%), from €15,296 to €17,823
- Gross operating margin +€7,075
up €7,075 (+10.6%), from €66,507 to €73,582
- Depreciation +€6,362
new in 2025: €6,362
- Financial charges +€911
up €911 (+388%), from €235 to €1,145
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 | €112,613 | €196,172 | +€83,559 | +74.2% |
| Fixed assets | 21/28 | - | €29,640 | +€29,640 | |
| Tangible fixed assets | 22/27 | - | €29,640 | +€29,640 | |
| Furniture and vehicles | 24 | - | €29,640 | +€29,640 | |
| Current assets | 29/58 | €112,613 | €166,532 | +€53,920 | +47.9% |
| Cash at bank and in hand | 54/58 | €84,943 | €137,911 | +€52,967 | +62.4% |
| Deferred charges and accrued income | 490/1 | €27,670 | €28,622 | +€952 | +3.4% |
| Total equity and liabilities | 10/49 | €112,613 | €196,172 | +€83,559 | +74.2% |
| Equity | 10/15 | €94,679 | €146,663 | +€51,984 | +54.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,179 | €144,163 | +€51,984 | +56.4% |
| Amounts payable | 17/49 | €17,934 | €49,510 | +€31,576 | +176% |
| Amounts payable after more than one year | 17 | - | €22,001 | +€22,001 | |
| Financial debts | 170/4 | - | €22,001 | +€22,001 | |
| Amounts payable within one year | 42/48 | €17,934 | €27,267 | +€9,333 | +52.0% |
| Current portion of amounts payable after more than one year | 42 | - | €8,374 | +€8,374 | |
| Trade debts | 44 | €40 | €85 | +€45 | +112% |
| Suppliers | 440/4 | €40 | €85 | +€45 | +112% |
| Taxes, remuneration and social security | 45 | €15,296 | €17,823 | +€2,527 | +16.5% |
| Taxes | 450/3 | €15,296 | €17,823 | +€2,527 | +16.5% |
| Other amounts payable | 47/48 | €2,598 | €985 | -€1,612 | -62.1% |
| Accrued charges and deferred income | 492/3 | - | €241 | +€241 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,362 | +€6,362 | |
| Other operating charges | 640/8 | - | €315 | +€315 | |
| Gross operating margin | 9900 | €66,507 | €73,582 | +€7,075 | +10.6% |
| Operating profit (loss) | 9901 | €66,507 | €66,905 | +€398 | +0.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €235 | €1,145 | +€911 | +388% |
| Recurring financial charges | 65 | €235 | €1,145 | +€911 | +388% |
| Profit (loss) for the period before taxes | 9903 | €66,273 | €65,760 | -€512 | -0.8% |
| Income taxes | 67/77 | €14,046 | €13,777 | -€270 | -1.9% |
| Profit (loss) for the period | 9904 | €52,226 | €51,984 | -€242 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,226 | €51,984 | -€242 | -0.5% |
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 15 October 2026 via checked.be.