Smile Design: 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 Design
Largest movements
- Tangible fixed assets +€31,921
up €31,921 (+678%), from €4,711 to €36,632
of which Plant, machinery and equipment: +€32,187
- Receivables after one year -€30,200
no longer reported in 2025 (was €30,200)
- Cash +€16,776
up €16,776 (+146%), from €11,515 to €28,291
mainly Other debts (+€36,824) and Receivables after one year (+€30,200)
- Receivables within one year +€11,642
up €11,642 (+683%), from €1,703 to €13,346
of which Trade receivables: +€11,775
- Other debts +€36,824
up €36,824 (+38,402%), from €96 to €36,920
- Profit (loss) carried forward -€15,966
down €15,966 (-39.4%), from €40,521 to €24,555
- Trade debts +€6,165
up €6,165 (+396%), from €1,558 to €7,722
- Tax, wage and social debts +€3,219
up €3,219 (+79.9%), from €4,031 to €7,250
- Gross operating margin +€33,997
up €33,997 (+1,443%), from €2,357 to €36,354
- Depreciation +€6,525
up €6,525 (+200%), from €3,254 to €9,779
- Taxes +€5,977
up €5,977 (+1,708%), from €350 to €6,327
- Financial income -€576
down €576 (-100.0%), from €576 to €0
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 | €48,705 | €78,946 | +€30,241 | +62.1% |
| Fixed assets | 21/28 | €4,711 | €36,632 | +€31,921 | +678% |
| Tangible fixed assets | 22/27 | €4,711 | €36,632 | +€31,921 | +678% |
| Plant, machinery and equipment | 23 | €4,445 | €36,632 | +€32,187 | +724% |
| Furniture and vehicles | 24 | €266 | - | -€266 | |
| Current assets | 29/58 | €43,995 | €42,315 | -€1,680 | -3.8% |
| Amounts receivable after more than one year | 29 | €30,200 | - | -€30,200 | |
| Other amounts receivable | 291 | €30,200 | - | -€30,200 | |
| Amounts receivable within one year | 40/41 | €1,703 | €13,346 | +€11,642 | +683% |
| Trade receivables | 40 | €1,571 | €13,346 | +€11,775 | +750% |
| Other amounts receivable | 41 | €133 | - | -€133 | |
| Cash at bank and in hand | 54/58 | €11,515 | €28,291 | +€16,776 | +146% |
| Deferred charges and accrued income | 490/1 | €576 | €678 | +€102 | +17.7% |
| Total equity and liabilities | 10/49 | €48,705 | €78,946 | +€30,241 | +62.1% |
| Equity | 10/15 | €43,021 | €27,055 | -€15,966 | -37.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,521 | €24,555 | -€15,966 | -39.4% |
| Amounts payable | 17/49 | €5,684 | €51,892 | +€46,208 | +813% |
| Amounts payable within one year | 42/48 | €5,684 | €51,892 | +€46,208 | +813% |
| Trade debts | 44 | €1,558 | €7,722 | +€6,165 | +396% |
| Suppliers | 440/4 | €1,558 | €7,722 | +€6,165 | +396% |
| Taxes, remuneration and social security | 45 | €4,031 | €7,250 | +€3,219 | +79.9% |
| Taxes | 450/3 | €4,031 | €7,250 | +€3,219 | +79.9% |
| Other amounts payable | 47/48 | €96 | €36,920 | +€36,824 | +38,402% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,254 | €9,779 | +€6,525 | +200% |
| Other operating charges | 640/8 | - | €117 | +€117 | |
| Gross operating margin | 9900 | €2,357 | €36,354 | +€33,997 | +1,443% |
| Operating profit (loss) | 9901 | -€898 | €26,457 | +€27,355 | |
| Financial income | 75/76B | €576 | €0 | -€576 | -100.0% |
| Recurring financial income | 75 | €576 | €0 | -€576 | -100.0% |
| Financial charges | 65/66B | €905 | €803 | -€102 | -11.3% |
| Recurring financial charges | 65 | €905 | €803 | -€102 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,226 | €25,655 | +€26,881 | |
| Income taxes | 67/77 | €350 | €6,327 | +€5,977 | +1,708% |
| Profit (loss) for the period | 9904 | -€1,576 | €19,328 | +€20,904 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,576 | €19,328 | +€20,904 |
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 30 October 2026 via checked.be.