SMILE CONCEPT: 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 CONCEPT
Largest movements
- Tangible fixed assets -€12,680
down €12,680 (-24.1%), from €52,659 to €39,979
- Receivables within one year -€7,812
down €7,812 (-26.4%), from €29,541 to €21,730
of which Trade receivables: -€13,165
- Debts after one year -€8,173
down €8,173 (-32.3%), from €25,316 to €17,143
of which Financial debts: -€8,173
- Trade debts -€5,452
down €5,452 (-50.7%), from €10,745 to €5,293
- Current portion of long-term debt -€2,985
down €2,985 (-25.2%), from €11,824 to €8,840
- Tax, wage and social debts -€2,525
down €2,525 (-62.3%), from €4,052 to €1,527
of which Remuneration and social security: -€1,541
- Accrued charges and deferred income -€1,802
down €1,802 (-73.7%), from €2,447 to €644
- Gross operating margin -€2,759
down €2,759 (-15.9%), from €17,382 to €14,623
- Financial income +€704
up €704 (+141%), from €498 to €1,203
- Financial charges -€477
down €477 (-28.8%), from €1,655 to €1,178
- Taxes -€377
down €377 (-24.0%), from €1,570 to €1,193
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 | €86,047 | €65,230 | -€20,817 | -24.2% |
| Fixed assets | 21/28 | €52,659 | €39,979 | -€12,680 | -24.1% |
| Tangible fixed assets | 22/27 | €52,659 | €39,979 | -€12,680 | -24.1% |
| Plant, machinery and equipment | 23 | €3,676 | €558 | -€3,118 | -84.8% |
| Furniture and vehicles | 24 | €5,481 | €1,026 | -€4,455 | -81.3% |
| Other tangible fixed assets | 26 | €43,502 | €38,395 | -€5,107 | -11.7% |
| Current assets | 29/58 | €33,387 | €25,250 | -€8,137 | -24.4% |
| Stocks and contracts in progress | 3 | €1,736 | €1,497 | -€240 | -13.8% |
| Stocks | 30/36 | €1,736 | €1,497 | -€240 | -13.8% |
| Amounts receivable within one year | 40/41 | €29,541 | €21,730 | -€7,812 | -26.4% |
| Trade receivables | 40 | €14,415 | €1,251 | -€13,165 | -91.3% |
| Other amounts receivable | 41 | €15,126 | €20,479 | +€5,353 | +35.4% |
| Cash at bank and in hand | 54/58 | €2,019 | €1,929 | -€90 | -4.4% |
| Deferred charges and accrued income | 490/1 | €91 | €95 | +€4 | +4.6% |
| Total equity and liabilities | 10/49 | €86,047 | €65,230 | -€20,817 | -24.2% |
| Equity | 10/15 | €27,756 | €27,905 | +€150 | +0.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €22,756 | €22,905 | +€150 | +0.7% |
| Distributable reserves | 133 | €22,756 | €22,905 | +€150 | +0.7% |
| Amounts payable | 17/49 | €58,291 | €37,324 | -€20,967 | -36.0% |
| Amounts payable after more than one year | 17 | €25,316 | €17,143 | -€8,173 | -32.3% |
| Financial debts | 170/4 | €20,316 | €12,143 | -€8,173 | -40.2% |
| Other amounts payable | 178/9 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €30,528 | €19,537 | -€10,991 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €11,824 | €8,840 | -€2,985 | -25.2% |
| Financial debts | 43 | €406 | €378 | -€29 | -7.1% |
| Credit institutions | 430/8 | €406 | €378 | -€29 | -7.1% |
| Trade debts | 44 | €10,745 | €5,293 | -€5,452 | -50.7% |
| Suppliers | 440/4 | €10,745 | €5,293 | -€5,452 | -50.7% |
| Taxes, remuneration and social security | 45 | €4,052 | €1,527 | -€2,525 | -62.3% |
| Taxes | 450/3 | €2,511 | €1,527 | -€985 | -39.2% |
| Remuneration and social security | 454/9 | €1,541 | €0 | -€1,541 | -100% |
| Other amounts payable | 47/48 | €3,500 | €3,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,447 | €644 | -€1,802 | -73.7% |
| Non-recurring operating income | 76A | €177 | €0 | -€177 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,802 | €12,680 | -€122 | -1.0% |
| Other operating charges | 640/8 | €625 | €625 | +€0 | 0.0% |
| Gross operating margin | 9900 | €17,382 | €14,623 | -€2,759 | -15.9% |
| Operating profit (loss) | 9901 | €3,955 | €1,318 | -€2,637 | -66.7% |
| Financial income | 75/76B | €498 | €1,203 | +€704 | +141% |
| Recurring financial income | 75 | €498 | €1,203 | +€704 | +141% |
| Financial charges | 65/66B | €1,655 | €1,178 | -€477 | -28.8% |
| Recurring financial charges | 65 | €1,655 | €1,178 | -€477 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €2,799 | €1,342 | -€1,456 | -52.0% |
| Income taxes | 67/77 | €1,570 | €1,193 | -€377 | -24.0% |
| Profit (loss) for the period | 9904 | €1,229 | €150 | -€1,079 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,229 | €150 | -€1,079 | -87.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.