P2Smile: 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.
P2Smile
Largest movements
- Tangible fixed assets -€115,470
down €115,470 (-3.8%), from €3.0m to €2.9m
of which Land and buildings: -€107,911
- Cash -€47,427
down €47,427 (-42.9%), from €110,531 to €63,103
mainly Debts after one year (-€92,097) and Net result for the year (-€52,792)
- Receivables within one year -€38,531
down €38,531 (-97.3%), from €39,619 to €1,088
of which Other amounts receivable: -€33,236
- Debts after one year -€92,097
down €92,097 (-9.9%), from €933,097 to €841,001
- Tax, wage and social debts -€33,481
down €33,481 (-99.8%), from €33,561 to €80
- Gross operating margin -€1.3m
down €1.3m (-93.9%), from €1.4m to €81,929
- Financial income -€602,544
down €602,544 (-99.8%), from €603,677 to €1,133
of which Non-recurring financial income: -€600,968
- Staff costs -€380,204
no longer reported in 2025 (was €380,204)
- Taxes -€164,085
down €164,085 (-99.8%), from €164,452 to €366
- Depreciation +€48,526
up €48,526 (+68.8%), from €70,545 to €119,070
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 | €3,162,689 | €2,964,021 | -€198,668 | -6.3% |
| Fixed assets | 21/28 | €3,005,902 | €2,890,432 | -€115,470 | -3.8% |
| Tangible fixed assets | 22/27 | €3,005,902 | €2,890,432 | -€115,470 | -3.8% |
| Land and buildings | 22 | €2,973,424 | €2,865,513 | -€107,911 | -3.6% |
| Furniture and vehicles | 24 | €32,478 | €24,919 | -€7,559 | -23.3% |
| Current assets | 29/58 | €156,787 | €73,589 | -€83,198 | -53.1% |
| Amounts receivable within one year | 40/41 | €39,619 | €1,088 | -€38,531 | -97.3% |
| Trade receivables | 40 | €5,295 | - | -€5,295 | |
| Other amounts receivable | 41 | €34,324 | €1,088 | -€33,236 | -96.8% |
| Cash at bank and in hand | 54/58 | €110,531 | €63,103 | -€47,427 | -42.9% |
| Deferred charges and accrued income | 490/1 | €6,638 | €9,398 | +€2,760 | +41.6% |
| Total equity and liabilities | 10/49 | €3,162,689 | €2,964,021 | -€198,668 | -6.3% |
| Equity | 10/15 | €1,878,471 | €1,825,678 | -€52,792 | -2.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,103,324 | €1,073,031 | -€30,292 | -2.7% |
| Tax-exempt reserves | 132 | €603,324 | €573,031 | -€30,292 | -5.0% |
| Distributable reserves | 133 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €625,147 | €602,647 | -€22,500 | -3.6% |
| Provisions and deferred taxes | 16 | €201,108 | €191,010 | -€10,097 | -5.0% |
| Deferred taxes | 168 | €201,108 | €191,010 | -€10,097 | -5.0% |
| Amounts payable | 17/49 | €1,083,111 | €947,332 | -€135,778 | -12.5% |
| Amounts payable after more than one year | 17 | €933,097 | €841,001 | -€92,097 | -9.9% |
| Financial debts | 170/4 | €933,097 | €841,001 | -€92,097 | -9.9% |
| Amounts payable within one year | 42/48 | €150,013 | €106,332 | -€43,682 | -29.1% |
| Current portion of amounts payable after more than one year | 42 | €96,110 | €101,603 | +€5,493 | +5.7% |
| Trade debts | 44 | €19,204 | €2,230 | -€16,974 | -88.4% |
| Suppliers | 440/4 | €19,204 | €2,230 | -€16,974 | -88.4% |
| Taxes, remuneration and social security | 45 | €33,561 | €80 | -€33,481 | -99.8% |
| Taxes | 450/3 | €33,561 | €80 | -€33,481 | -99.8% |
| Other amounts payable | 47/48 | €1,138 | €2,418 | +€1,280 | +112.4% |
| Remuneration, social security and pensions | 62 | €380,204 | - | -€380,204 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,545 | €119,070 | +€48,526 | +68.8% |
| Other operating charges | 640/8 | - | €1,626 | +€1,626 | |
| Gross operating margin | 9900 | €1,351,900 | €81,929 | -€1.3m | -93.9% |
| Operating profit (loss) | 9901 | €901,151 | -€38,767 | -€939,918 | |
| Financial income | 75/76B | €603,677 | €1,133 | -€602,544 | -99.8% |
| Recurring financial income | 75 | €2,708 | €1,133 | -€1,575 | -58.2% |
| Non-recurring financial income | 76B | €600,968 | - | -€600,968 | |
| Financial charges | 65/66B | €31,889 | €24,890 | -€6,999 | -21.9% |
| Recurring financial charges | 65 | €31,889 | €24,890 | -€6,999 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €1,472,939 | -€62,524 | -€1.5m | |
| Transfer from deferred taxes | 780 | €841 | €10,097 | +€9,256 | +1100.0% |
| Transfer to deferred taxes | 680 | €201,949 | - | -€201,949 | |
| Income taxes | 67/77 | €164,452 | €366 | -€164,085 | -99.8% |
| Profit (loss) for the period | 9904 | €1,107,379 | -€52,792 | -€1.2m | |
| Transfer from tax-exempt reserves | 789 | €2,524 | €30,292 | +€27,768 | +1100.0% |
| Transfer to tax-exempt reserves | 689 | €605,848 | - | -€605,848 | |
| Profit (loss) for the period to be appropriated | 9905 | €504,055 | -€22,500 | -€526,555 |
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 6 October 2026 via checked.be.