SMILE PROVIDER: 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 PROVIDER
Largest movements
- Current investments -€48,490
down €48,490 (-15.8%), from €306,798 to €258,308
- Tangible fixed assets +€21,965
up €21,965 (+11.8%), from €186,184 to €208,148
of which Furniture and vehicles: +€43,845
- Receivables within one year -€7,549
down €7,549 (-43.5%), from €17,371 to €9,822
- Cash +€7,463
up €7,463 (+46.2%), from €16,158 to €23,621
mainly Net result for the year (+€108,702) and Current investments (+€48,490)
- Reserves -€23,637
down €23,637 (-5.8%), from €407,317 to €383,680
of which Distributable reserves: -€23,637
- Debts after one year -€15,017
down €15,017 (-18.4%), from €81,584 to €66,568
- Other debts +€7,518
up €7,518 (+283%), from €2,657 to €10,176
- Gross operating margin +€63,336
up €63,336 (+39.2%), from €161,593 to €224,929
- Financial charges -€53,566
down €53,566 (-96.9%), from €55,267 to €1,701
- Financial income +€41,959
up €41,959 (+2,475%), from €1,695 to €43,654
- Taxes +€23,467
up €23,467 (+308%), from €7,629 to €31,095
- Staff costs +€19,387
up €19,387 (+30.7%), from €63,076 to €82,463
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 | €533,147 | €504,315 | -€28,832 | -5.4% |
| Fixed assets | 21/28 | €186,439 | €208,403 | +€21,965 | +11.8% |
| Tangible fixed assets | 22/27 | €186,184 | €208,148 | +€21,965 | +11.8% |
| Plant, machinery and equipment | 23 | €62,665 | €52,890 | -€9,774 | -15.6% |
| Furniture and vehicles | 24 | €15,034 | €58,878 | +€43,845 | +292% |
| Other tangible fixed assets | 26 | €108,485 | €96,379 | -€12,106 | -11.2% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €346,709 | €295,912 | -€50,797 | -14.7% |
| Amounts receivable within one year | 40/41 | €17,371 | €9,822 | -€7,549 | -43.5% |
| Other amounts receivable | 41 | €17,371 | €9,822 | -€7,549 | -43.5% |
| Current investments | 50/53 | €306,798 | €258,308 | -€48,490 | -15.8% |
| Cash at bank and in hand | 54/58 | €16,158 | €23,621 | +€7,463 | +46.2% |
| Deferred charges and accrued income | 490/1 | €6,382 | €4,161 | -€2,221 | -34.8% |
| Total equity and liabilities | 10/49 | €533,147 | €504,315 | -€28,832 | -5.4% |
| Equity | 10/15 | €419,717 | €396,080 | -€23,637 | -5.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €407,317 | €383,680 | -€23,637 | -5.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,584 | €10,584 | = | 0.0% |
| Distributable reserves | 133 | €394,874 | €371,237 | -€23,637 | -6.0% |
| Amounts payable | 17/49 | €113,430 | €108,235 | -€5,195 | -4.6% |
| Amounts payable after more than one year | 17 | €81,584 | €66,568 | -€15,017 | -18.4% |
| Financial debts | 170/4 | €81,584 | €66,568 | -€15,017 | -18.4% |
| Amounts payable within one year | 42/48 | €29,610 | €39,421 | +€9,811 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €14,890 | €15,017 | +€127 | +0.9% |
| Trade debts | 44 | €11,020 | €12,384 | +€1,364 | +12.4% |
| Suppliers | 440/4 | €11,020 | €12,384 | +€1,364 | +12.4% |
| Taxes, remuneration and social security | 45 | €1,044 | €1,845 | +€801 | +76.8% |
| Taxes | 450/3 | €240 | €97 | -€143 | -59.7% |
| Remuneration and social security | 454/9 | €804 | €1,748 | +€944 | +118% |
| Other amounts payable | 47/48 | €2,657 | €10,176 | +€7,518 | +283% |
| Accrued charges and deferred income | 492/3 | €2,235 | €2,246 | +€11 | +0.5% |
| Remuneration, social security and pensions | 62 | €63,076 | €82,463 | +€19,387 | +30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,732 | €38,738 | +€4,006 | +11.5% |
| Other operating charges | 640/8 | €2,493 | €5,884 | +€3,391 | +136% |
| Gross operating margin | 9900 | €161,593 | €224,929 | +€63,336 | +39.2% |
| Operating profit (loss) | 9901 | €61,292 | €97,844 | +€36,552 | +59.6% |
| Financial income | 75/76B | €1,695 | €43,654 | +€41,959 | +2,475% |
| Recurring financial income | 75 | €1,695 | €43,654 | +€41,959 | +2,475% |
| Financial charges | 65/66B | €55,267 | €1,701 | -€53,566 | -96.9% |
| Recurring financial charges | 65 | €55,267 | €1,701 | -€53,566 | -96.9% |
| Profit (loss) for the period before taxes | 9903 | €7,720 | €139,797 | +€132,077 | +1,711% |
| Income taxes | 67/77 | €7,629 | €31,095 | +€23,467 | +308% |
| Profit (loss) for the period | 9904 | €92 | €108,702 | +€108,610 | +118,480% |
| Profit (loss) for the period to be appropriated | 9905 | €92 | €108,702 | +€108,610 | +118,480% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.