SMILE TECHNICS: 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 TECHNICS
Largest movements
- Receivables within one year -€12,272
down €12,272 (-80.3%), from €15,285 to €3,013
of which Trade receivables: -€11,445
- Tangible fixed assets -€1,842
down €1,842 (-15.8%), from €11,638 to €9,796
of which Furniture and vehicles: -€2,520
- Deferred charges and accrued income +€737
up €737 (+34.1%), from €2,162 to €2,899
- Cash -€600
down €600 (-21.9%), from €2,742 to €2,141
mainly Net result for the year (-€17,565) and Investment in fixed assets (net) (-€2,124)
- Profit (loss) carried forward -€17,565
down €17,565 (-67.5%), from €26,014 to €8,450
- Tax, wage and social debts +€2,573
up €2,573 (+119%), from €2,160 to €4,733
of which Taxes: +€4,336
- Other debts +€1,396
new in 2025: €1,396
- Trade debts -€381
down €381 (-23.1%), from €1,652 to €1,271
- Staff costs +€29,928
up €29,928 (+108%), from €27,794 to €57,722
- Gross operating margin -€7,573
down €7,573 (-13.2%), from €57,577 to €50,004
- Taxes +€5,203
new in 2025: €5,203
- Depreciation +€586
up €586 (+17.3%), from €3,380 to €3,966
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 | €31,826 | €17,850 | -€13,976 | -43.9% |
| Fixed assets | 21/28 | €11,638 | €9,796 | -€1,842 | -15.8% |
| Tangible fixed assets | 22/27 | €11,638 | €9,796 | -€1,842 | -15.8% |
| Plant, machinery and equipment | 23 | €1,551 | €2,229 | +€678 | +43.7% |
| Furniture and vehicles | 24 | €10,087 | €7,567 | -€2,520 | -25.0% |
| Current assets | 29/58 | €20,188 | €8,053 | -€12,134 | -60.1% |
| Amounts receivable within one year | 40/41 | €15,285 | €3,013 | -€12,272 | -80.3% |
| Trade receivables | 40 | €14,081 | €2,636 | -€11,445 | -81.3% |
| Other amounts receivable | 41 | €1,203 | €377 | -€826 | -68.7% |
| Cash at bank and in hand | 54/58 | €2,742 | €2,141 | -€600 | -21.9% |
| Deferred charges and accrued income | 490/1 | €2,162 | €2,899 | +€737 | +34.1% |
| Total equity and liabilities | 10/49 | €31,826 | €17,850 | -€13,976 | -43.9% |
| Equity | 10/15 | €28,014 | €10,450 | -€17,565 | -62.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,014 | €8,450 | -€17,565 | -67.5% |
| Amounts payable | 17/49 | €3,812 | €7,400 | +€3,588 | +94.1% |
| Amounts payable within one year | 42/48 | €3,812 | €7,400 | +€3,588 | +94.1% |
| Trade debts | 44 | €1,652 | €1,271 | -€381 | -23.1% |
| Suppliers | 440/4 | €1,652 | €1,271 | -€381 | -23.1% |
| Taxes, remuneration and social security | 45 | €2,160 | €4,733 | +€2,573 | +119% |
| Taxes | 450/3 | - | €4,336 | +€4,336 | |
| Remuneration and social security | 454/9 | €2,160 | €398 | -€1,762 | -81.6% |
| Other amounts payable | 47/48 | - | €1,396 | +€1,396 | |
| Remuneration, social security and pensions | 62 | €27,794 | €57,722 | +€29,928 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,380 | €3,966 | +€586 | +17.3% |
| Other operating charges | 640/8 | €364 | €382 | +€18 | +4.9% |
| Gross operating margin | 9900 | €57,577 | €50,004 | -€7,573 | -13.2% |
| Operating profit (loss) | 9901 | €26,039 | -€12,066 | -€38,105 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €25 | €295 | +€270 | +1,075% |
| Recurring financial charges | 65 | €25 | €295 | +€270 | +1,075% |
| Profit (loss) for the period before taxes | 9903 | €26,014 | -€12,362 | -€38,376 | |
| Income taxes | 67/77 | - | €5,203 | +€5,203 | |
| Profit (loss) for the period | 9904 | €26,014 | -€17,565 | -€43,579 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,014 | -€17,565 | -€43,579 |
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 20 October 2026 via checked.be.