SMILE OPEN SOURCE SOLUTIONS: 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 OPEN SOURCE SOLUTIONS
Largest movements
- Receivables within one year -€271,756
down €271,756 (-37.1%), from €732,444 to €460,688
of which Trade receivables: -€293,248
- Cash +€48,928
up €48,928 (+36.0%), from €135,792 to €184,719
mainly Receivables within one year (+€271,756) and Deferred charges and accrued income (+€31,377)
- Deferred charges and accrued income -€31,377
down €31,377 (-39.0%), from €80,423 to €49,046
- Trade debts -€274,718
down €274,718 (-60.3%), from €455,958 to €181,239
- Accrued charges and deferred income -€30,863
down €30,863 (-27.9%), from €110,741 to €79,878
- Tax, wage and social debts +€30,597
up €30,597 (+15.9%), from €192,446 to €223,043
of which Taxes: +€48,857
- Profit (loss) carried forward +€20,984
up €20,984 (+34.1%), from €61,577 to €82,561
- Staff costs -€31,788
down €31,788 (-2.5%), from €1.3m to €1.2m
- Provisions +€25,000
up €25,000, from -€25,000 to €0
- Gross operating margin -€17,844
down €17,844 (-1.4%), from €1.3m to €1.3m
- Write-downs +€13,130
up €13,130, from -€13,130 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.
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 | €952,722 | €698,722 | -€254,001 | -26.7% |
| Fixed assets | 21/28 | €4,064 | €4,269 | +€204 | +5.0% |
| Tangible fixed assets | 22/27 | €4,064 | €4,269 | +€204 | +5.0% |
| Furniture and vehicles | 24 | €4,064 | €4,269 | +€204 | +5.0% |
| Current assets | 29/58 | €948,658 | €694,453 | -€254,205 | -26.8% |
| Amounts receivable within one year | 40/41 | €732,444 | €460,688 | -€271,756 | -37.1% |
| Trade receivables | 40 | €683,739 | €390,491 | -€293,248 | -42.9% |
| Other amounts receivable | 41 | €48,705 | €70,197 | +€21,492 | +44.1% |
| Cash at bank and in hand | 54/58 | €135,792 | €184,719 | +€48,928 | +36.0% |
| Deferred charges and accrued income | 490/1 | €80,423 | €49,046 | -€31,377 | -39.0% |
| Total equity and liabilities | 10/49 | €952,722 | €698,722 | -€254,001 | -26.7% |
| Equity | 10/15 | €193,577 | €214,561 | +€20,984 | +10.8% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,577 | €82,561 | +€20,984 | +34.1% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €759,145 | €484,160 | -€274,985 | -36.2% |
| Amounts payable within one year | 42/48 | €648,404 | €404,282 | -€244,122 | -37.6% |
| Trade debts | 44 | €455,958 | €181,239 | -€274,718 | -60.3% |
| Suppliers | 440/4 | €455,958 | €181,239 | -€274,718 | -60.3% |
| Taxes, remuneration and social security | 45 | €192,446 | €223,043 | +€30,597 | +15.9% |
| Taxes | 450/3 | €40,963 | €89,820 | +€48,857 | +119.3% |
| Remuneration and social security | 454/9 | €151,483 | €133,223 | -€18,260 | -12.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €110,741 | €79,878 | -€30,863 | -27.9% |
| Remuneration, social security and pensions | 62 | €1,251,932 | €1,220,144 | -€31,788 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,158 | €1,874 | -€284 | -13.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€13,130 | €0 | +€13,130 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€25,000 | €0 | +€25,000 | |
| Other operating charges | 640/8 | €15,135 | €4,910 | -€10,226 | -67.6% |
| Non-recurring operating charges | 66A | €2,637 | €1,135 | -€1,502 | -57.0% |
| Gross operating margin | 9900 | €1,291,628 | €1,273,784 | -€17,844 | -1.4% |
| Operating profit (loss) | 9901 | €57,895 | €45,721 | -€12,175 | -21.0% |
| Financial income | 75/76B | €0 | €219 | +€219 | +46491.5% |
| Recurring financial income | 75 | €0 | €219 | +€219 | +46491.5% |
| Financial charges | 65/66B | €13,248 | €2,889 | -€10,359 | -78.2% |
| Recurring financial charges | 65 | €13,248 | €2,889 | -€10,359 | -78.2% |
| Profit (loss) for the period before taxes | 9903 | €44,648 | €43,051 | -€1,598 | -3.6% |
| Income taxes | 67/77 | €23,247 | €22,067 | -€1,181 | -5.1% |
| Profit (loss) for the period | 9904 | €21,401 | €20,984 | -€417 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,401 | €20,984 | -€417 | -1.9% |
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.