SMILE.be: 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.be
Largest movements
- Stocks and contracts +€142,560
up €142,560 (+44.6%), from €319,390 to €461,950
- Cash +€138,810
up €138,810 (+82.3%), from €168,638 to €307,448
mainly Net result for the year (+€207,975) and Depreciation (+€34,784)
- Tangible fixed assets +€36,823
up €36,823 (+8.9%), from €412,076 to €448,899
of which Furniture and vehicles: +€51,802
- Receivables within one year -€16,583
down €16,583 (-43.8%), from €37,891 to €21,308
of which Trade receivables: -€11,129
- Profit (loss) carried forward +€207,975
up €207,975 (+54.3%), from €383,225 to €591,200
- Debts after one year +€30,147
up €30,147 (+22.4%), from €134,870 to €165,016
- Tax, wage and social debts +€23,912
up €23,912 (+21.7%), from €109,972 to €133,884
of which Taxes: +€30,523
- Accrued charges and deferred income +€18,273
new in 2025: €18,273
- Gross operating margin +€105,143
up €105,143 (+19.1%), from €551,352 to €656,495
- Staff costs +€38,977
up €38,977 (+15.0%), from €260,103 to €299,080
- Taxes +€16,070
up €16,070 (+27.0%), from €59,610 to €75,680
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 | €946,955 | €1,247,850 | +€300,895 | +31.8% |
| Fixed assets | 21/28 | €412,996 | €449,769 | +€36,773 | +8.9% |
| Tangible fixed assets | 22/27 | €412,076 | €448,899 | +€36,823 | +8.9% |
| Land and buildings | 22 | €358,142 | €349,044 | -€9,098 | -2.5% |
| Plant, machinery and equipment | 23 | €26,630 | €20,749 | -€5,881 | -22.1% |
| Furniture and vehicles | 24 | €27,304 | €79,106 | +€51,802 | +190% |
| Financial fixed assets | 28 | €920 | €870 | -€50 | -5.4% |
| Current assets | 29/58 | €533,959 | €798,081 | +€264,122 | +49.5% |
| Stocks and contracts in progress | 3 | €319,390 | €461,950 | +€142,560 | +44.6% |
| Stocks | 30/36 | €319,390 | €461,950 | +€142,560 | +44.6% |
| Amounts receivable within one year | 40/41 | €37,891 | €21,308 | -€16,583 | -43.8% |
| Trade receivables | 40 | €32,288 | €21,159 | -€11,129 | -34.5% |
| Other amounts receivable | 41 | €5,603 | €149 | -€5,453 | -97.3% |
| Cash at bank and in hand | 54/58 | €168,638 | €307,448 | +€138,810 | +82.3% |
| Deferred charges and accrued income | 490/1 | €8,040 | €7,375 | -€665 | -8.3% |
| Total equity and liabilities | 10/49 | €946,955 | €1,247,850 | +€300,895 | +31.8% |
| Equity | 10/15 | €403,685 | €611,660 | +€207,975 | +51.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €383,225 | €591,200 | +€207,975 | +54.3% |
| Amounts payable | 17/49 | €543,270 | €636,190 | +€92,920 | +17.1% |
| Amounts payable after more than one year | 17 | €134,870 | €165,016 | +€30,147 | +22.4% |
| Financial debts | 170/4 | €134,870 | €165,016 | +€30,147 | +22.4% |
| Amounts payable within one year | 42/48 | €408,400 | €452,900 | +€44,500 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €13,871 | €26,017 | +€12,146 | +87.6% |
| Trade debts | 44 | €26,537 | €34,827 | +€8,289 | +31.2% |
| Suppliers | 440/4 | €26,537 | €34,827 | +€8,289 | +31.2% |
| Taxes, remuneration and social security | 45 | €109,972 | €133,884 | +€23,912 | +21.7% |
| Taxes | 450/3 | €75,779 | €106,302 | +€30,523 | +40.3% |
| Remuneration and social security | 454/9 | €34,193 | €27,583 | -€6,611 | -19.3% |
| Other amounts payable | 47/48 | €258,020 | €258,172 | +€153 | +0.1% |
| Accrued charges and deferred income | 492/3 | - | €18,273 | +€18,273 | |
| Remuneration, social security and pensions | 62 | €260,103 | €299,080 | +€38,977 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,734 | €34,784 | +€3,050 | +9.6% |
| Other operating charges | 640/8 | €2,887 | €3,035 | +€148 | +5.1% |
| Gross operating margin | 9900 | €551,352 | €656,495 | +€105,143 | +19.1% |
| Operating profit (loss) | 9901 | €256,628 | €319,596 | +€62,968 | +24.5% |
| Financial income | 75/76B | €164 | €45 | -€119 | -72.4% |
| Recurring financial income | 75 | €164 | €45 | -€119 | -72.4% |
| Financial charges | 65/66B | €30,571 | €35,986 | +€5,415 | +17.7% |
| Recurring financial charges | 65 | €30,571 | €35,986 | +€5,415 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €226,221 | €283,655 | +€57,434 | +25.4% |
| Income taxes | 67/77 | €59,610 | €75,680 | +€16,070 | +27.0% |
| Profit (loss) for the period | 9904 | €166,610 | €207,975 | +€41,365 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €166,610 | €207,975 | +€41,365 | +24.8% |
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 28 October 2026 via checked.be.