SMILE: 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.
SMILE
Largest movements
- Cash -€5,081
down €5,081 (-88.9%), from €5,716 to €635
mainly Net result for the year (-€9,767) and Debts after one year (-€6,702)
- Tangible fixed assets -€4,358
down €4,358 (-45.1%), from €9,656 to €5,298
of which Furniture and vehicles: -€3,010
- Receivables within one year -€3,752
no longer reported in 2025 (was €3,752)
of which Other amounts receivable: -€3,152
- Profit (loss) carried forward -€9,767
down €9,767, from €2,001 to -€7,766
- Debts after one year -€6,702
down €6,702 (-65.9%), from €10,169 to €3,468
- Other debts +€4,032
new in 2025: €4,032
- Tax, wage and social debts -€753
no longer reported in 2025 (was €753)
- Gross operating margin -€12,955
down €12,955, from €7,654 to -€5,301
- Other operating charges -€180
no longer reported in 2025 (was €180)
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 | €19,124 | €5,933 | -€13,191 | -69.0% |
| Fixed assets | 21/28 | €9,656 | €5,298 | -€4,358 | -45.1% |
| Tangible fixed assets | 22/27 | €9,656 | €5,298 | -€4,358 | -45.1% |
| Land and buildings | 22 | €321 | €204 | -€117 | -36.4% |
| Plant, machinery and equipment | 23 | €2,394 | €1,163 | -€1,231 | -51.4% |
| Furniture and vehicles | 24 | €6,941 | €3,931 | -€3,010 | -43.4% |
| Current assets | 29/58 | €9,468 | €635 | -€8,833 | -93.3% |
| Amounts receivable within one year | 40/41 | €3,752 | - | -€3,752 | |
| Trade receivables | 40 | €600 | - | -€600 | |
| Other amounts receivable | 41 | €3,152 | - | -€3,152 | |
| Cash at bank and in hand | 54/58 | €5,716 | €635 | -€5,081 | -88.9% |
| Total equity and liabilities | 10/49 | €19,124 | €5,933 | -€13,191 | -69.0% |
| Equity | 10/15 | €8,201 | -€1,566 | -€9,767 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,001 | -€7,766 | -€9,767 | |
| Amounts payable | 17/49 | €10,923 | €7,499 | -€3,424 | -31.3% |
| Amounts payable after more than one year | 17 | €10,169 | €3,468 | -€6,702 | -65.9% |
| Financial debts | 170/4 | €10,169 | €3,468 | -€6,702 | -65.9% |
| Amounts payable within one year | 42/48 | €753 | €4,032 | +€3,278 | +435.1% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €753 | - | -€753 | |
| Taxes | 450/3 | €753 | - | -€753 | |
| Other amounts payable | 47/48 | - | €4,032 | +€4,032 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,358 | €4,358 | +€0 | 0.0% |
| Other operating charges | 640/8 | €180 | - | -€180 | |
| Gross operating margin | 9900 | €7,654 | -€5,301 | -€12,955 | |
| Operating profit (loss) | 9901 | €3,116 | -€9,658 | -€12,775 | |
| Financial charges | 65/66B | €85 | €109 | +€23 | +27.5% |
| Recurring financial charges | 65 | €85 | €109 | +€23 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | €3,031 | -€9,767 | -€12,798 | |
| Profit (loss) for the period | 9904 | €3,031 | -€9,767 | -€12,798 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,031 | -€9,767 | -€12,798 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.