SMILE CONCEPTION: 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 CONCEPTION
Largest movements
- Cash -€95,081
down €95,081 (-56.2%), from €169,191 to €74,110
mainly Contributions, distributions and other (-€115,000) and Receivables within one year (-€24,746)
- Receivables within one year +€24,746
up €24,746 (+291.3%), from €8,496 to €33,242
of which Other amounts receivable: +€14,746
- Profit (loss) carried forward -€113,943
down €113,943 (-99.7%), from €114,307 to €363
- Other debts +€32,647
up €32,647 (+39.6%), from €82,353 to €115,000
- Tax, wage and social debts +€6,782
up €6,782 (+29.9%), from €22,668 to €29,450
of which Taxes: +€4,712
- Provisions +€6,017
up €6,017 (+18.8%), from €31,969 to €37,986
- Trade debts -€3,358
down €3,358 (-81.5%), from €4,123 to €764
- Gross operating margin -€61,218
down €61,218 (-35.4%), from €172,904 to €111,686
- Financial charges +€31,839
up €31,839 (+477.6%), from €6,666 to €38,506
- Provisions -€25,952
down €25,952 (-81.2%), from €31,969 to €6,017
- Taxes -€16,269
down €16,269 (-52.2%), from €31,168 to €14,899
- Staff costs +€11,065
up €11,065 (+52.6%), from €21,040 to €32,105
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 | €270,236 | €196,150 | -€74,086 | -27.4% |
| Fixed assets | 21/28 | €78,446 | €76,886 | -€1,560 | -2.0% |
| Tangible fixed assets | 22/27 | €75,446 | €73,886 | -€1,560 | -2.1% |
| Plant, machinery and equipment | 23 | €32,337 | €23,174 | -€9,163 | -28.3% |
| Furniture and vehicles | 24 | €1,285 | €8,449 | +€7,164 | +557.6% |
| Leasing and similar rights | 25 | €11,921 | €9,521 | -€2,400 | -20.1% |
| Other tangible fixed assets | 26 | €29,903 | €32,741 | +€2,839 | +9.5% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €191,790 | €119,264 | -€72,526 | -37.8% |
| Amounts receivable after more than one year | 29 | €7,812 | €8,247 | +€435 | +5.6% |
| Other amounts receivable | 291 | €7,812 | €8,247 | +€435 | +5.6% |
| Amounts receivable within one year | 40/41 | €8,496 | €33,242 | +€24,746 | +291.3% |
| Trade receivables | 40 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 41 | €8,496 | €23,242 | +€14,746 | +173.6% |
| Cash at bank and in hand | 54/58 | €169,191 | €74,110 | -€95,081 | -56.2% |
| Deferred charges and accrued income | 490/1 | €6,291 | €3,665 | -€2,627 | -41.7% |
| Total equity and liabilities | 10/49 | €270,236 | €196,150 | -€74,086 | -27.4% |
| Equity | 10/15 | €117,307 | €3,363 | -€113,943 | -97.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,307 | €363 | -€113,943 | -99.7% |
| Provisions and deferred taxes | 16 | €31,969 | €37,986 | +€6,017 | +18.8% |
| Deferred taxes | 168 | €31,969 | €37,986 | +€6,017 | +18.8% |
| Amounts payable | 17/49 | €120,961 | €154,800 | +€33,839 | +28.0% |
| Amounts payable after more than one year | 17 | €9,586 | €7,281 | -€2,305 | -24.0% |
| Financial debts | 170/4 | €9,586 | €7,281 | -€2,305 | -24.0% |
| Amounts payable within one year | 42/48 | €111,375 | €147,519 | +€36,144 | +32.5% |
| Current portion of amounts payable after more than one year | 42 | €2,232 | €2,305 | +€73 | +3.3% |
| Trade debts | 44 | €4,123 | €764 | -€3,358 | -81.5% |
| Suppliers | 440/4 | €4,123 | €764 | -€3,358 | -81.5% |
| Taxes, remuneration and social security | 45 | €22,668 | €29,450 | +€6,782 | +29.9% |
| Taxes | 450/3 | €21,168 | €25,880 | +€4,712 | +22.3% |
| Remuneration and social security | 454/9 | €1,500 | €3,570 | +€2,070 | +138.0% |
| Other amounts payable | 47/48 | €82,353 | €115,000 | +€32,647 | +39.6% |
| Remuneration, social security and pensions | 62 | €21,040 | €32,105 | +€11,065 | +52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,223 | €16,876 | +€2,653 | +18.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €31,969 | €6,017 | -€25,952 | -81.2% |
| Other operating charges | 640/8 | €7,856 | €3,795 | -€4,061 | -51.7% |
| Gross operating margin | 9900 | €172,904 | €111,686 | -€61,218 | -35.4% |
| Operating profit (loss) | 9901 | €97,816 | €52,893 | -€44,924 | -45.9% |
| Financial income | 75/76B | €673 | €1,569 | +€896 | +133.0% |
| Recurring financial income | 75 | €673 | €1,569 | +€896 | +133.0% |
| Financial charges | 65/66B | €6,666 | €38,506 | +€31,839 | +477.6% |
| Recurring financial charges | 65 | €6,666 | €38,506 | +€31,839 | +477.6% |
| Profit (loss) for the period before taxes | 9903 | €91,823 | €15,956 | -€75,867 | -82.6% |
| Income taxes | 67/77 | €31,168 | €14,899 | -€16,269 | -52.2% |
| Profit (loss) for the period | 9904 | €60,655 | €1,057 | -€59,598 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,655 | €1,057 | -€59,598 | -98.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.