Smile Harmony: 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 Harmony
Largest movements
- Cash +€58,970
up €58,970 (+41.4%), from €142,500 to €201,470
mainly Net result for the year (+€66,782) and Receivables within one year (+€2,334)
- Profit (loss) carried forward +€66,782
up €66,782 (+87.2%), from €76,579 to €143,362
- Other debts -€11,952
down €11,952 (-31.8%), from €37,527 to €25,575
- Gross operating margin -€22,653
down €22,653 (-16.0%), from €141,760 to €119,106
- Depreciation -€9,493
down €9,493 (-84.0%), from €11,297 to €1,804
- Financial charges -€4,927
down €4,927 (-13.7%), from €36,007 to €31,081
- Taxes -€2,200
down €2,200 (-10.8%), from €20,325 to €18,125
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 | €178,542 | €234,168 | +€55,626 | +31.2% |
| Fixed assets | 21/28 | €1,838 | €34 | -€1,804 | -98.2% |
| Tangible fixed assets | 22/27 | €1,838 | €34 | -€1,804 | -98.2% |
| Furniture and vehicles | 24 | €1,838 | €34 | -€1,804 | -98.2% |
| Current assets | 29/58 | €176,704 | €234,134 | +€57,430 | +32.5% |
| Amounts receivable within one year | 40/41 | €33,804 | €31,470 | -€2,334 | -6.9% |
| Trade receivables | 40 | €23,129 | €16,920 | -€6,209 | -26.8% |
| Other amounts receivable | 41 | €10,675 | €14,550 | +€3,875 | +36.3% |
| Cash at bank and in hand | 54/58 | €142,500 | €201,470 | +€58,970 | +41.4% |
| Deferred charges and accrued income | 490/1 | €400 | €1,194 | +€794 | +198% |
| Total equity and liabilities | 10/49 | €178,542 | €234,168 | +€55,626 | +31.2% |
| Equity | 10/15 | €109,579 | €176,362 | +€66,782 | +60.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,579 | €143,362 | +€66,782 | +87.2% |
| Provisions and deferred taxes | 16 | €28,914 | €29,829 | +€915 | +3.2% |
| Provisions for liabilities and charges | 160/5 | €28,914 | €29,829 | +€915 | +3.2% |
| Other liabilities and charges | 164/5 | €28,914 | €29,829 | +€915 | +3.2% |
| Amounts payable | 17/49 | €40,048 | €27,977 | -€12,071 | -30.1% |
| Amounts payable within one year | 42/48 | €40,048 | €27,977 | -€12,071 | -30.1% |
| Financial debts | 43 | - | €377 | +€377 | |
| Credit institutions | 430/8 | - | €377 | +€377 | |
| Trade debts | 44 | €238 | - | -€238 | |
| Suppliers | 440/4 | €238 | - | -€238 | |
| Taxes, remuneration and social security | 45 | €2,283 | €2,025 | -€258 | -11.3% |
| Taxes | 450/3 | €258 | - | -€258 | |
| Remuneration and social security | 454/9 | €2,025 | €2,025 | = | 0.0% |
| Other amounts payable | 47/48 | €37,527 | €25,575 | -€11,952 | -31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,297 | €1,804 | -€9,493 | -84.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €705 | €915 | +€209 | +29.7% |
| Other operating charges | 640/8 | €735 | €400 | -€336 | -45.6% |
| Gross operating margin | 9900 | €141,760 | €119,106 | -€22,653 | -16.0% |
| Operating profit (loss) | 9901 | €129,022 | €115,988 | -€13,034 | -10.1% |
| Financial charges | 65/66B | €36,007 | €31,081 | -€4,927 | -13.7% |
| Recurring financial charges | 65 | €36,007 | €31,081 | -€4,927 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €93,015 | €84,907 | -€8,108 | -8.7% |
| Income taxes | 67/77 | €20,325 | €18,125 | -€2,200 | -10.8% |
| Profit (loss) for the period | 9904 | €72,690 | €66,782 | -€5,908 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €72,690 | €66,782 | -€5,908 | -8.1% |
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 15 October 2026 via checked.be.