Smile-HR: what changed
Smile-HR
Largest movements
- Receivables within one year +€76,425
up €76,425 (+46.3%), from €164,949 to €241,374
of which Other amounts receivable: +€76,425
- Cash -€72,557
down €72,557 (-26.0%), from €278,896 to €206,339
mainly Receivables within one year (-€76,425) and Debts after one year (-€66,270)
- Intangible fixed assets -€32,000
down €32,000 (-16.7%), from €192,000 to €160,000
- Tangible fixed assets -€13,173
down €13,173 (-3.4%), from €383,655 to €370,481
of which Land and buildings: -€9,762
- Debts after one year -€66,270
down €66,270 (-13.3%), from €496,776 to €430,505
- Reserves +€64,000
up €64,000 (+21.6%), from €296,860 to €360,860
- Other debts -€27,900
down €27,900 (-93.0%), from €30,000 to €2,100
- Current portion of long-term debt -€25,820
down €25,820 (-19.9%), from €129,447 to €103,627
- Gross operating margin +€41,805
up €41,805 (+14.9%), from €281,155 to €322,961
- Taxes +€16,467
up €16,467 (+46.1%), from €35,730 to €52,197
- Staff costs +€15,720
up €15,720 (+19.2%), from €81,744 to €97,464
- Financial income +€7,577
up €7,577 (+129%), from €5,863 to €13,440
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,022,554 | €979,138 | -€43,416 | -4.2% |
| Fixed assets | 21/28 | €575,680 | €530,506 | -€45,173 | -7.8% |
| Intangible fixed assets | 21 | €192,000 | €160,000 | -€32,000 | -16.7% |
| Tangible fixed assets | 22/27 | €383,655 | €370,481 | -€13,173 | -3.4% |
| Land and buildings | 22 | €335,026 | €325,264 | -€9,762 | -2.9% |
| Plant, machinery and equipment | 23 | €37,311 | €28,463 | -€8,848 | -23.7% |
| Furniture and vehicles | 24 | €11,318 | €16,754 | +€5,436 | +48.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €446,874 | €448,632 | +€1,758 | +0.4% |
| Amounts receivable within one year | 40/41 | €164,949 | €241,374 | +€76,425 | +46.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €164,949 | €241,374 | +€76,425 | +46.3% |
| Cash at bank and in hand | 54/58 | €278,896 | €206,339 | -€72,557 | -26.0% |
| Deferred charges and accrued income | 490/1 | €3,030 | €920 | -€2,110 | -69.6% |
| Total equity and liabilities | 10/49 | €1,022,554 | €979,138 | -€43,416 | -4.2% |
| Equity | 10/15 | €303,168 | €367,184 | +€64,016 | +21.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €296,860 | €360,860 | +€64,000 | +21.6% |
| Distributable reserves | 133 | €296,860 | €360,860 | +€64,000 | +21.6% |
| Profit (loss) carried forward | 14 | €108 | €124 | +€16 | +15.3% |
| Amounts payable | 17/49 | €719,386 | €611,954 | -€107,432 | -14.9% |
| Amounts payable after more than one year | 17 | €496,776 | €430,505 | -€66,270 | -13.3% |
| Financial debts | 170/4 | €496,776 | €430,505 | -€66,270 | -13.3% |
| Amounts payable within one year | 42/48 | €222,611 | €181,449 | -€41,162 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €129,447 | €103,627 | -€25,820 | -19.9% |
| Trade debts | 44 | €38,503 | €47,165 | +€8,661 | +22.5% |
| Suppliers | 440/4 | €38,503 | €47,165 | +€8,661 | +22.5% |
| Taxes, remuneration and social security | 45 | €24,661 | €28,558 | +€3,897 | +15.8% |
| Taxes | 450/3 | €3,000 | €13,939 | +€10,939 | +365% |
| Remuneration and social security | 454/9 | €21,661 | €14,618 | -€7,042 | -32.5% |
| Other amounts payable | 47/48 | €30,000 | €2,100 | -€27,900 | -93.0% |
| Remuneration, social security and pensions | 62 | €81,744 | €97,464 | +€15,720 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,007 | €66,963 | -€2,044 | -3.0% |
| Other operating charges | 640/8 | €2,880 | €1,763 | -€1,117 | -38.8% |
| Non-recurring operating charges | 66A | - | €369 | +€369 | |
| Gross operating margin | 9900 | €281,155 | €322,961 | +€41,805 | +14.9% |
| Operating profit (loss) | 9901 | €127,524 | €156,402 | +€28,878 | +22.6% |
| Financial income | 75/76B | €5,863 | €13,440 | +€7,577 | +129% |
| Recurring financial income | 75 | €5,863 | €13,440 | +€7,577 | +129% |
| Financial charges | 65/66B | €8,420 | €11,629 | +€3,208 | +38.1% |
| Recurring financial charges | 65 | €8,420 | €11,629 | +€3,208 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | €124,967 | €158,213 | +€33,247 | +26.6% |
| Income taxes | 67/77 | €35,730 | €52,197 | +€16,467 | +46.1% |
| Profit (loss) for the period | 9904 | €89,236 | €106,016 | +€16,780 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €89,236 | €106,016 | +€16,780 | +18.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.