SMILE PROJECT: 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 PROJECT
Largest movements
- Tangible fixed assets +€20,832
up €20,832 (+86.8%), from €23,997 to €44,828
of which Furniture and vehicles: +€20,832
- Receivables within one year -€5,836
no longer reported in 2025 (was €5,836)
of which Other amounts receivable: -€5,053
- Cash +€1,733
up €1,733 (+157%), from €1,105 to €2,838
mainly Other debts (+€15,314) and Receivables within one year (+€5,836)
- Other debts +€15,314
new in 2025: €15,314
- Tax, wage and social debts +€738
up €738 (+14.8%), from €4,992 to €5,729
of which Remuneration and social security: +€1,644
- Profit (loss) carried forward +€677
up €677 (+6.0%), from €11,321 to €11,998
- Turnover -€16,631
down €16,631 (-9.0%), from €185,086 to €168,454
- Gross operating margin -€13,375
down €13,375 (-26.1%), from €51,324 to €37,949
- Staff costs -€11,998
down €11,998 (-40.6%), from €29,532 to €17,534
- Purchases and services -€11,344
down €11,344 (-7.9%), from €143,361 to €132,017
- Depreciation -€5,839
down €5,839 (-54.5%), from €10,715 to €4,875
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 | €30,937 | €47,666 | +€16,729 | +54.1% |
| Fixed assets | 21/28 | €23,997 | €44,828 | +€20,832 | +86.8% |
| Tangible fixed assets | 22/27 | €23,997 | €44,828 | +€20,832 | +86.8% |
| Plant, machinery and equipment | 23 | €504 | €504 | = | 0.0% |
| Furniture and vehicles | 24 | €23,493 | €44,325 | +€20,832 | +88.7% |
| Current assets | 29/58 | €6,941 | €2,838 | -€4,102 | -59.1% |
| Amounts receivable within one year | 40/41 | €5,836 | - | -€5,836 | |
| Trade receivables | 40 | €783 | - | -€783 | |
| Other amounts receivable | 41 | €5,053 | - | -€5,053 | |
| Cash at bank and in hand | 54/58 | €1,105 | €2,838 | +€1,733 | +157% |
| Total equity and liabilities | 10/49 | €30,937 | €47,666 | +€16,729 | +54.1% |
| Equity | 10/15 | €25,946 | €26,623 | +€677 | +2.6% |
| Contributions | 10/11 | €14,625 | €14,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,321 | €11,998 | +€677 | +6.0% |
| Amounts payable | 17/49 | €4,992 | €21,044 | +€16,052 | +322% |
| Amounts payable within one year | 42/48 | €4,992 | €21,044 | +€16,052 | +322% |
| Taxes, remuneration and social security | 45 | €4,992 | €5,729 | +€738 | +14.8% |
| Taxes | 450/3 | €4,936 | €4,029 | -€906 | -18.4% |
| Remuneration and social security | 454/9 | €56 | €1,700 | +€1,644 | +2,957% |
| Other amounts payable | 47/48 | - | €15,314 | +€15,314 | |
| Turnover | 70 | €185,086 | €168,454 | -€16,631 | -9.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €143,361 | €132,017 | -€11,344 | -7.9% |
| Remuneration, social security and pensions | 62 | €29,532 | €17,534 | -€11,998 | -40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,715 | €4,875 | -€5,839 | -54.5% |
| Other operating charges | 640/8 | €844 | €3,181 | +€2,338 | +277% |
| Non-recurring operating charges | 66A | €9,269 | €11,439 | +€2,170 | +23.4% |
| Gross operating margin | 9900 | €51,324 | €37,949 | -€13,375 | -26.1% |
| Operating profit (loss) | 9901 | €965 | €920 | -€45 | -4.7% |
| Financial income | 75/76B | €548 | - | -€548 | |
| Recurring financial income | 75 | €548 | - | -€548 | |
| Financial charges | 65/66B | €448 | €243 | -€205 | -45.8% |
| Recurring financial charges | 65 | €448 | €243 | -€205 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | €1,065 | €677 | -€388 | -36.4% |
| Profit (loss) for the period | 9904 | €1,065 | €677 | -€388 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,065 | €677 | -€388 | -36.4% |
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 17 October 2026 via checked.be.