SMILE TECHNOLOGY: 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.
What changed
SMILE TECHNOLOGY
NACE 32.500, Manufacture of medical and dental instruments and supplies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€247,877
2024 · €331,312-€83,434
Equity
€732,534
2024 · €688,397+€44,137
Cash
€601,629
2024 · €428,996+€172,633
Balance sheet total
€1.4m
2024 · €1.2m+€200,499
Largest movements
Assets
- Cash +€172,633
up €172,633 (+40.2%), from €428,996 to €601,629
mainly Net result for the year (+€247,877) and Other debts (+€165,891)
- Receivables within one year +€19,794
up €19,794 (+6.9%), from €286,028 to €305,822
of which Other amounts receivable: +€12,493
Equity and liabilities
- Other debts +€165,891
up €165,891 (+43.8%), from €378,992 to €544,883
- Reserves +€60,000
up €60,000 (+9.6%), from €622,860 to €682,860
of which Distributable reserves: +€60,000
Income statement
- Staff costs +€136,430
up €136,430 (+38.9%), from €350,926 to €487,356
- Gross operating margin +€33,833
up €33,833 (+3.9%), from €869,908 to €903,741
- Taxes -€23,905
down €23,905 (-22.2%), from €107,570 to €83,665
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.
Result 2024
€331,312
Gross operating margin
+€33,833
Staff costs
-€136,430
Depreciation
-€1,049
Write-downs
-€497
Other operating charges
-€315
Financial income
-€3,353
Financial charges
+€472
Taxes
+€23,905
Result 2025
€247,877
raises the resultlowers the result
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.
From operations
+€473,729
Investment
-€89,174
Financing
-€211,922
Cash 2024
€428,996
From operations (derived)
+€473,729
Net result for the year
+€247,877
Depreciation
+€84,625
Stocks and contracts
-€650
Receivables within one year
-€19,794
Deferred charges and accrued income
-€2,873
Trade debts
-€10,176
Tax, wage and social debts
+€5,058
Other debts
+€165,891
Accrued charges and deferred income
+€3,771
Investment (derived)
-€89,174
Investment in fixed assets (net)
-€89,174
Financing
-€211,922
Debts after one year
-€11,342
Current portion of long-term debt
+€3,160
Contributions, distributions and other
-€203,740
Cash 2025
€601,629
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,187,916 | €1,388,415 | +€200,499 | +16.9% |
| Fixed assets | 21/28 | €456,907 | €461,456 | +€4,549 | +1.0% |
| Tangible fixed assets | 22/27 | €453,325 | €457,875 | +€4,549 | +1.0% |
| Plant, machinery and equipment | 23 | €54,848 | €78,206 | +€23,359 | +42.6% |
| Furniture and vehicles | 24 | €50,493 | €47,354 | -€3,139 | -6.2% |
| Other tangible fixed assets | 26 | €347,985 | €332,314 | -€15,671 | -4.5% |
| Financial fixed assets | 28 | €3,582 | €3,582 | = | 0.0% |
| Current assets | 29/58 | €731,009 | €926,959 | +€195,950 | +26.8% |
| Stocks and contracts in progress | 3 | €11,920 | €12,570 | +€650 | +5.5% |
| Stocks | 30/36 | €11,920 | €12,570 | +€650 | +5.5% |
| Amounts receivable within one year | 40/41 | €286,028 | €305,822 | +€19,794 | +6.9% |
| Trade receivables | 40 | €220,504 | €227,806 | +€7,301 | +3.3% |
| Other amounts receivable | 41 | €65,524 | €78,016 | +€12,493 | +19.1% |
| Cash at bank and in hand | 54/58 | €428,996 | €601,629 | +€172,633 | +40.2% |
| Deferred charges and accrued income | 490/1 | €4,066 | €6,938 | +€2,873 | +70.7% |
| Total equity and liabilities | 10/49 | €1,187,916 | €1,388,415 | +€200,499 | +16.9% |
| Equity | 10/15 | €688,397 | €732,534 | +€44,137 | +6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €622,860 | €682,860 | +€60,000 | +9.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €621,000 | €681,000 | +€60,000 | +9.7% |
| Profit (loss) carried forward | 14 | €16,977 | €4,854 | -€12,123 | -71.4% |
| Investment grants | 15 | €29,960 | €26,220 | -€3,740 | -12.5% |
| Amounts payable | 17/49 | €499,520 | €655,881 | +€156,361 | +31.3% |
| Amounts payable after more than one year | 17 | €14,094 | €2,752 | -€11,342 | -80.5% |
| Financial debts | 170/4 | €14,094 | €2,752 | -€11,342 | -80.5% |
| Amounts payable within one year | 42/48 | €485,426 | €649,358 | +€163,932 | +33.8% |
| Current portion of amounts payable after more than one year | 42 | €24,170 | €27,330 | +€3,160 | +13.1% |
| Trade debts | 44 | €16,092 | €5,915 | -€10,176 | -63.2% |
| Suppliers | 440/4 | €16,092 | €5,915 | -€10,176 | -63.2% |
| Taxes, remuneration and social security | 45 | €66,172 | €71,230 | +€5,058 | +7.6% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €66,172 | €71,230 | +€5,058 | +7.6% |
| Other amounts payable | 47/48 | €378,992 | €544,883 | +€165,891 | +43.8% |
| Accrued charges and deferred income | 492/3 | - | €3,771 | +€3,771 | |
| Remuneration, social security and pensions | 62 | €350,926 | €487,356 | +€136,430 | +38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,576 | €84,625 | +€1,049 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €497 | +€497 | |
| Other operating charges | 640/8 | €2,103 | €2,418 | +€315 | +15.0% |
| Gross operating margin | 9900 | €869,908 | €903,741 | +€33,833 | +3.9% |
| Operating profit (loss) | 9901 | €433,304 | €328,846 | -€104,458 | -24.1% |
| Financial income | 75/76B | €7,465 | €4,113 | -€3,353 | -44.9% |
| Recurring financial income | 75 | €7,465 | €4,113 | -€3,353 | -44.9% |
| Financial charges | 65/66B | €1,888 | €1,416 | -€472 | -25.0% |
| Recurring financial charges | 65 | €1,888 | €1,416 | -€472 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €438,882 | €331,542 | -€107,339 | -24.5% |
| Income taxes | 67/77 | €107,570 | €83,665 | -€23,905 | -22.2% |
| Profit (loss) for the period | 9904 | €331,312 | €247,877 | -€83,434 | -25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €331,312 | €247,877 | -€83,434 | -25.2% |
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 15 October 2026 via checked.be.