SMILE DESIGN & BUILD: 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 & BUILD
Largest movements
- Cash -€532,973
down €532,973 (-24.3%), from €2.2m to €1.7m
mainly Trade debts (-€1.4m) and Contributions, distributions and other (-€307,812)
- Receivables within one year -€352,513
down €352,513 (-66.6%), from €529,487 to €176,974
of which Other amounts receivable: -€356,219
- Tangible fixed assets +€57,456
up €57,456 (+26.2%), from €219,269 to €276,725
of which Other tangible fixed assets: +€53,600
- Deferred charges and accrued income +€43,258
up €43,258 (+236%), from €18,359 to €61,616
- Trade debts -€1.4m
down €1.4m (-53.7%), from €2.6m to €1.2m
- Other debts +€348,962
up €348,962 (+5,318%), from €6,561 to €355,523
- Profit (loss) carried forward -€328,186
down €328,186 (-94.0%), from €349,281 to €21,095
- Accrued charges and deferred income +€277,064
up €277,064 (+3,166,448%), from €9 to €277,073
- Debts after one year +€210,204
new in 2025: €210,204
- Gross operating margin -€263,916
down €263,916 (-75.8%), from €348,318 to €84,402
- Taxes -€76,702
down €76,702 (-94.7%), from €80,984 to €4,282
- Depreciation +€61,657
up €61,657 (+793%), from €7,779 to €69,436
- Financial income +€17,774
up €17,774 (+2,575,871%), from €1 to €17,774
- Financial charges +€8,345
up €8,345 (+3,388%), from €246 to €8,591
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 | €2,972,964 | €2,189,911 | -€783,053 | -26.3% |
| Fixed assets | 21/28 | €234,720 | €293,895 | +€59,175 | +25.2% |
| Intangible fixed assets | 21 | €2,020 | €3,739 | +€1,719 | +85.1% |
| Tangible fixed assets | 22/27 | €219,269 | €276,725 | +€57,456 | +26.2% |
| Furniture and vehicles | 24 | €11,065 | €14,922 | +€3,856 | +34.8% |
| Other tangible fixed assets | 26 | €208,204 | €261,804 | +€53,600 | +25.7% |
| Financial fixed assets | 28 | €13,431 | €13,431 | = | 0.0% |
| Current assets | 29/58 | €2,738,244 | €1,896,016 | -€842,228 | -30.8% |
| Amounts receivable within one year | 40/41 | €529,487 | €176,974 | -€352,513 | -66.6% |
| Trade receivables | 40 | €137,976 | €141,681 | +€3,706 | +2.7% |
| Other amounts receivable | 41 | €391,511 | €35,292 | -€356,219 | -91.0% |
| Cash at bank and in hand | 54/58 | €2,190,398 | €1,657,426 | -€532,973 | -24.3% |
| Deferred charges and accrued income | 490/1 | €18,359 | €61,616 | +€43,258 | +236% |
| Total equity and liabilities | 10/49 | €2,972,964 | €2,189,911 | -€783,053 | -26.3% |
| Equity | 10/15 | €350,281 | €64,283 | -€285,998 | -81.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €349,281 | €21,095 | -€328,186 | -94.0% |
| Investment grants | 15 | - | €42,188 | +€42,188 | |
| Provisions and deferred taxes | 16 | - | €14,063 | +€14,063 | |
| Deferred taxes | 168 | - | €14,063 | +€14,063 | |
| Amounts payable | 17/49 | €2,622,683 | €2,111,565 | -€511,118 | -19.5% |
| Amounts payable after more than one year | 17 | - | €210,204 | +€210,204 | |
| Financial debts | 170/4 | - | €210,204 | +€210,204 | |
| Amounts payable within one year | 42/48 | €2,622,675 | €1,624,288 | -€998,386 | -38.1% |
| Current portion of amounts payable after more than one year | 42 | - | €57,248 | +€57,248 | |
| Trade debts | 44 | €2,616,113 | €1,211,517 | -€1.4m | -53.7% |
| Suppliers | 440/4 | €2,616,113 | €1,211,517 | -€1.4m | -53.7% |
| Other amounts payable | 47/48 | €6,561 | €355,523 | +€348,962 | +5,318% |
| Accrued charges and deferred income | 492/3 | €9 | €277,073 | +€277,064 | +3,166,448% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,779 | €69,436 | +€61,657 | +793% |
| Other operating charges | 640/8 | €4,872 | €1,779 | -€3,093 | -63.5% |
| Gross operating margin | 9900 | €348,318 | €84,402 | -€263,916 | -75.8% |
| Operating profit (loss) | 9901 | €335,667 | €13,187 | -€322,480 | -96.1% |
| Financial income | 75/76B | €1 | €17,774 | +€17,774 | +2,575,871% |
| Recurring financial income | 75 | €1 | €17,774 | +€17,774 | +2,575,871% |
| Financial charges | 65/66B | €246 | €8,591 | +€8,345 | +3,388% |
| Recurring financial charges | 65 | €246 | €8,591 | +€8,345 | +3,388% |
| Profit (loss) for the period before taxes | 9903 | €335,422 | €22,370 | -€313,052 | -93.3% |
| Transfer from deferred taxes | 780 | - | €3,726 | +€3,726 | |
| Income taxes | 67/77 | €80,984 | €4,282 | -€76,702 | -94.7% |
| Profit (loss) for the period | 9904 | €254,438 | €21,814 | -€232,624 | -91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €254,438 | €21,814 | -€232,624 | -91.4% |
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 31 October 2026 via checked.be.