N 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.
N SMILE
Largest movements
- Cash +€21,783
up €21,783 (+59.9%), from €36,364 to €58,148
mainly Net result for the year (+€30,108) and Other debts (+€21,228)
- Intangible fixed assets -€4,000
down €4,000 (-15.4%), from €25,918 to €21,918
- Tangible fixed assets -€1,279
down €1,279 (-17.2%), from €7,438 to €6,159
of which Land and buildings: -€1,080
- Other debts +€21,228
up €21,228 (+144%), from €14,781 to €36,009
- Debts after one year -€14,879
down €14,879 (-38.4%), from €38,789 to €23,910
- Tax, wage and social debts +€6,485
up €6,485 (+360%), from €1,800 to €8,285
of which Taxes: +€6,485
- Profit (loss) carried forward +€5,108
up €5,108, from -€4,794 to €315
- Trade debts -€1,805
down €1,805 (-70.3%), from €2,569 to €764
- Gross operating margin +€20,317
up €20,317 (+100%), from €20,307 to €40,625
- Taxes +€2,446
up €2,446 (+571%), from €428 to €2,875
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 | €77,855 | €94,162 | +€16,307 | +20.9% |
| Fixed assets | 21/28 | €33,356 | €28,077 | -€5,279 | -15.8% |
| Intangible fixed assets | 21 | €25,918 | €21,918 | -€4,000 | -15.4% |
| Tangible fixed assets | 22/27 | €7,438 | €6,159 | -€1,279 | -17.2% |
| Land and buildings | 22 | €7,004 | €5,925 | -€1,080 | -15.4% |
| Plant, machinery and equipment | 23 | €434 | €234 | -€200 | -46.0% |
| Current assets | 29/58 | €44,499 | €66,085 | +€21,586 | +48.5% |
| Amounts receivable within one year | 40/41 | €6,723 | €6,639 | -€84 | -1.2% |
| Trade receivables | 40 | €6,723 | €6,639 | -€84 | -1.2% |
| Cash at bank and in hand | 54/58 | €36,364 | €58,148 | +€21,783 | +59.9% |
| Deferred charges and accrued income | 490/1 | €1,412 | €1,298 | -€114 | -8.1% |
| Total equity and liabilities | 10/49 | €77,855 | €94,162 | +€16,307 | +20.9% |
| Equity | 10/15 | €5,206 | €10,315 | +€5,108 | +98.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,794 | €315 | +€5,108 | |
| Amounts payable | 17/49 | €72,649 | €83,847 | +€11,198 | +15.4% |
| Amounts payable after more than one year | 17 | €38,789 | €23,910 | -€14,879 | -38.4% |
| Financial debts | 170/4 | €38,789 | €23,910 | -€14,879 | -38.4% |
| Amounts payable within one year | 42/48 | €33,860 | €59,937 | +€26,078 | +77.0% |
| Current portion of amounts payable after more than one year | 42 | €14,710 | €14,879 | +€169 | +1.2% |
| Trade debts | 44 | €2,569 | €764 | -€1,805 | -70.3% |
| Suppliers | 440/4 | €2,569 | €764 | -€1,805 | -70.3% |
| Taxes, remuneration and social security | 45 | €1,800 | €8,285 | +€6,485 | +360% |
| Taxes | 450/3 | €135 | €6,620 | +€6,485 | +4,804% |
| Remuneration and social security | 454/9 | €1,665 | €1,665 | = | 0.0% |
| Other amounts payable | 47/48 | €14,781 | €36,009 | +€21,228 | +144% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,279 | €5,279 | = | 0.0% |
| Other operating charges | 640/8 | €1,116 | €1,171 | +€54 | +4.9% |
| Gross operating margin | 9900 | €20,307 | €40,625 | +€20,317 | +100% |
| Operating profit (loss) | 9901 | €13,912 | €34,175 | +€20,263 | +146% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,466 | €1,192 | -€274 | -18.7% |
| Recurring financial charges | 65 | €1,466 | €1,192 | -€274 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €12,446 | €32,983 | +€20,537 | +165% |
| Income taxes | 67/77 | €428 | €2,875 | +€2,446 | +571% |
| Profit (loss) for the period | 9904 | €12,018 | €30,108 | +€18,091 | +151% |
| Profit (loss) for the period to be appropriated | 9905 | €12,018 | €30,108 | +€18,091 | +151% |
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 16 October 2026 via checked.be.