PURE 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.
PURE SMILE
Largest movements
- Tangible fixed assets +€69,696
up €69,696 (+18.5%), from €376,028 to €445,724
of which Land and buildings: +€43,767
- Intangible fixed assets -€13,800
down €13,800 (-23.3%), from €59,159 to €45,359
- Receivables within one year -€9,552
down €9,552 (-88.7%), from €10,770 to €1,219
of which Other amounts receivable: -€7,602
- Cash -€9,114
down €9,114 (-49.2%), from €18,537 to €9,423
mainly Investment in fixed assets (net) (-€97,977) and Trade debts (-€9,304)
- Reserves +€31,064
new in 2025: €31,064
- Profit (loss) carried forward +€14,915
no longer reported in 2025 (was -€14,915)
- Trade debts -€9,304
down €9,304 (-78.9%), from €11,799 to €2,494
- Gross operating margin +€101,711
up €101,711 (+670%), from €15,174 to €116,885
- Financial charges +€20,556
up €20,556 (+1,370%), from €1,500 to €22,056
- Depreciation +€18,801
up €18,801 (+80.8%), from €23,279 to €42,080
- Taxes +€4,579
new in 2025: €4,579
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 | €468,261 | €507,557 | +€39,296 | +8.4% |
| Fixed assets | 21/28 | €435,187 | €491,083 | +€55,896 | +12.8% |
| Intangible fixed assets | 21 | €59,159 | €45,359 | -€13,800 | -23.3% |
| Tangible fixed assets | 22/27 | €376,028 | €445,724 | +€69,696 | +18.5% |
| Land and buildings | 22 | €343,291 | €387,059 | +€43,767 | +12.7% |
| Furniture and vehicles | 24 | €32,736 | €58,665 | +€25,929 | +79.2% |
| Current assets | 29/58 | €33,074 | €16,474 | -€16,600 | -50.2% |
| Stocks and contracts in progress | 3 | €3,537 | €3,944 | +€407 | +11.5% |
| Stocks | 30/36 | €3,537 | €3,944 | +€407 | +11.5% |
| Amounts receivable within one year | 40/41 | €10,770 | €1,219 | -€9,552 | -88.7% |
| Trade receivables | 40 | €3,168 | €1,219 | -€1,950 | -61.5% |
| Other amounts receivable | 41 | €7,602 | - | -€7,602 | |
| Cash at bank and in hand | 54/58 | €18,537 | €9,423 | -€9,114 | -49.2% |
| Deferred charges and accrued income | 490/1 | €230 | €1,889 | +€1,659 | +722% |
| Total equity and liabilities | 10/49 | €468,261 | €507,557 | +€39,296 | +8.4% |
| Equity | 10/15 | -€10,915 | €35,064 | +€45,979 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €31,064 | +€31,064 | |
| Distributable reserves | 133 | - | €31,064 | +€31,064 | |
| Profit (loss) carried forward | 14 | -€14,915 | - | +€14,915 | |
| Amounts payable | 17/49 | €479,176 | €472,493 | -€6,682 | -1.4% |
| Amounts payable after more than one year | 17 | €432,109 | €428,127 | -€3,982 | -0.9% |
| Financial debts | 170/4 | €432,109 | €428,127 | -€3,982 | -0.9% |
| Amounts payable within one year | 42/48 | €45,000 | €42,299 | -€2,702 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €30,408 | €31,558 | +€1,150 | +3.8% |
| Trade debts | 44 | €11,799 | €2,494 | -€9,304 | -78.9% |
| Suppliers | 440/4 | €11,799 | €2,494 | -€9,304 | -78.9% |
| Advances received on contracts in progress | 46 | €2,440 | €3,440 | +€1,000 | +41.0% |
| Taxes, remuneration and social security | 45 | - | €4,579 | +€4,579 | |
| Taxes | 450/3 | - | €4,579 | +€4,579 | |
| Other amounts payable | 47/48 | €354 | €228 | -€126 | -35.7% |
| Accrued charges and deferred income | 492/3 | €2,066 | €2,067 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,279 | €42,080 | +€18,801 | +80.8% |
| Other operating charges | 640/8 | €1,899 | €2,202 | +€303 | +16.0% |
| Non-recurring operating charges | 66A | €3,411 | - | -€3,411 | |
| Gross operating margin | 9900 | €15,174 | €116,885 | +€101,711 | +670% |
| Operating profit (loss) | 9901 | -€13,415 | €72,603 | +€86,018 | |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €1,500 | €22,056 | +€20,556 | +1,370% |
| Recurring financial charges | 65 | €1,500 | €22,056 | +€20,556 | +1,370% |
| Profit (loss) for the period before taxes | 9903 | -€14,915 | €50,557 | +€65,472 | |
| Income taxes | 67/77 | - | €4,579 | +€4,579 | |
| Profit (loss) for the period | 9904 | -€14,915 | €45,979 | +€60,894 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,915 | €45,979 | +€60,894 |
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 24 October 2026 via checked.be.