Smile Academy: 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.
Smile Academy
Largest movements
- Cash +€74,707
up €74,707 (+62.2%), from €120,121 to €194,829
mainly Net result for the year (+€300,312) and Depreciation (+€35,794)
- Receivables within one year +€27,928
up €27,928 (+129%), from €21,570 to €49,498
of which Other amounts receivable: +€27,926
- Tangible fixed assets -€27,077
down €27,077 (-16.8%), from €160,875 to €133,798
of which Plant, machinery and equipment: -€28,867
- Deferred charges and accrued income +€8,160
new in 2025: €8,160
- Profit (loss) carried forward +€300,312
up €300,312, from -€94,618 to €205,694
- Trade debts -€177,900
down €177,900 (-75.3%), from €236,114 to €58,215
- Debts after one year -€40,980
no longer reported in 2025 (was €40,980)
- Short-term financial debts -€30,597
no longer reported in 2025 (was €30,597)
- Current portion of long-term debt +€20,721
up €20,721 (+102%), from €20,259 to €40,980
- Gross operating margin +€313,621
up €313,621 (+112%), from €278,823 to €592,444
- Staff costs +€63,520
up €63,520 (+33.4%), from €190,387 to €253,906
- Taxes -€32,127
down €32,127, from €25,008 to -€7,119
- Depreciation -€11,682
down €11,682 (-24.6%), from €47,476 to €35,794
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 | €302,610 | €386,329 | +€83,719 | +27.7% |
| Fixed assets | 21/28 | €160,919 | €133,842 | -€27,077 | -16.8% |
| Tangible fixed assets | 22/27 | €160,875 | €133,798 | -€27,077 | -16.8% |
| Plant, machinery and equipment | 23 | €145,948 | €117,081 | -€28,867 | -19.8% |
| Furniture and vehicles | 24 | €14,927 | €16,717 | +€1,791 | +12.0% |
| Financial fixed assets | 28 | €44 | €44 | = | 0.0% |
| Current assets | 29/58 | €141,691 | €252,487 | +€110,796 | +78.2% |
| Amounts receivable within one year | 40/41 | €21,570 | €49,498 | +€27,928 | +129% |
| Trade receivables | 40 | - | €2 | +€2 | |
| Other amounts receivable | 41 | €21,570 | €49,496 | +€27,926 | +129% |
| Cash at bank and in hand | 54/58 | €120,121 | €194,829 | +€74,707 | +62.2% |
| Deferred charges and accrued income | 490/1 | - | €8,160 | +€8,160 | |
| Total equity and liabilities | 10/49 | €302,610 | €386,329 | +€83,719 | +27.7% |
| Equity | 10/15 | -€84,618 | €215,694 | +€300,312 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,618 | €205,694 | +€300,312 | |
| Amounts payable | 17/49 | €387,228 | €170,635 | -€216,593 | -55.9% |
| Amounts payable after more than one year | 17 | €40,980 | - | -€40,980 | |
| Financial debts | 170/4 | €40,980 | - | -€40,980 | |
| Amounts payable within one year | 42/48 | €346,248 | €161,676 | -€184,571 | -53.3% |
| Current portion of amounts payable after more than one year | 42 | €20,259 | €40,980 | +€20,721 | +102% |
| Financial debts | 43 | €30,597 | - | -€30,597 | |
| Credit institutions | 430/8 | €30,597 | - | -€30,597 | |
| Trade debts | 44 | €236,114 | €58,215 | -€177,900 | -75.3% |
| Suppliers | 440/4 | €236,114 | €58,215 | -€177,900 | -75.3% |
| Taxes, remuneration and social security | 45 | €24,967 | €32,408 | +€7,441 | +29.8% |
| Remuneration and social security | 454/9 | €24,967 | €32,408 | +€7,441 | +29.8% |
| Other amounts payable | 47/48 | €34,311 | €30,074 | -€4,237 | -12.3% |
| Accrued charges and deferred income | 492/3 | - | €8,959 | +€8,959 | |
| Remuneration, social security and pensions | 62 | €190,387 | €253,906 | +€63,520 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,476 | €35,794 | -€11,682 | -24.6% |
| Other operating charges | 640/8 | €7,500 | €1,619 | -€5,881 | -78.4% |
| Gross operating margin | 9900 | €278,823 | €592,444 | +€313,621 | +112% |
| Operating profit (loss) | 9901 | €33,459 | €301,124 | +€267,664 | +800% |
| Financial income | 75/76B | €131 | €2,026 | +€1,895 | +1,450% |
| Recurring financial income | 75 | €131 | €2,026 | +€1,895 | +1,450% |
| Financial charges | 65/66B | €7,234 | €9,957 | +€2,723 | +37.6% |
| Recurring financial charges | 65 | €7,234 | €9,957 | +€2,723 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €26,356 | €293,192 | +€266,836 | +1,012% |
| Income taxes | 67/77 | €25,008 | -€7,119 | -€32,127 | |
| Profit (loss) for the period | 9904 | €1,348 | €300,312 | +€298,963 | +22,176% |
| Profit (loss) for the period to be appropriated | 9905 | €1,348 | €300,312 | +€298,963 | +22,176% |
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 27 October 2026 via checked.be.