SMILE TOGETHER: 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 TOGETHER
Largest movements
- Cash +€40,074
up €40,074 (+239%), from €16,778 to €56,852
mainly Net result for the year (+€46,188) and Other debts (+€33,796)
- Receivables within one year -€2,093
down €2,093 (-76.8%), from €2,727 to €634
of which Trade receivables: -€2,117
- Deferred charges and accrued income +€1,188
up €1,188 (+47.7%), from €2,489 to €3,677
- Other debts +€33,796
up €33,796 (+880%), from €3,842 to €37,638
- Reserves +€3,264
new in 2025: €3,264
- Profit (loss) carried forward +€2,924
no longer reported in 2025 (was -€2,924)
- Trade debts -€1,107
down €1,107 (-84.3%), from €1,313 to €206
- Gross operating margin +€80,315
up €80,315, from -€25,940 to €54,375
- Taxes +€4,700
up €4,700 (+2,831%), from €166 to €4,866
- Financial charges -€565
down €565 (-23.1%), from €2,441 to €1,876
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 | €23,497 | €62,374 | +€38,877 | +165% |
| Fixed assets | 21/28 | €1,503 | €1,211 | -€292 | -19.4% |
| Tangible fixed assets | 22/27 | €1,503 | €1,211 | -€292 | -19.4% |
| Plant, machinery and equipment | 23 | €704 | €381 | -€323 | -45.9% |
| Furniture and vehicles | 24 | €799 | €830 | +€31 | +3.9% |
| Current assets | 29/58 | €21,994 | €61,163 | +€39,169 | +178% |
| Amounts receivable within one year | 40/41 | €2,727 | €634 | -€2,093 | -76.8% |
| Trade receivables | 40 | €2,117 | - | -€2,117 | |
| Other amounts receivable | 41 | €610 | €634 | +€24 | +3.9% |
| Cash at bank and in hand | 54/58 | €16,778 | €56,852 | +€40,074 | +239% |
| Deferred charges and accrued income | 490/1 | €2,489 | €3,677 | +€1,188 | +47.7% |
| Total equity and liabilities | 10/49 | €23,497 | €62,374 | +€38,877 | +165% |
| Equity | 10/15 | €15,676 | €21,864 | +€6,188 | +39.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €3,264 | +€3,264 | |
| Distributable reserves | 133 | - | €3,264 | +€3,264 | |
| Profit (loss) carried forward | 14 | -€2,924 | - | +€2,924 | |
| Amounts payable | 17/49 | €7,821 | €40,510 | +€32,689 | +418% |
| Amounts payable within one year | 42/48 | €7,821 | €40,510 | +€32,689 | +418% |
| Trade debts | 44 | €1,313 | €206 | -€1,107 | -84.3% |
| Suppliers | 440/4 | €1,313 | €206 | -€1,107 | -84.3% |
| Taxes, remuneration and social security | 45 | €2,666 | €2,666 | = | 0.0% |
| Taxes | 450/3 | €2,666 | €2,666 | = | 0.0% |
| Other amounts payable | 47/48 | €3,842 | €37,638 | +€33,796 | +880% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,583 | €1,261 | -€322 | -20.3% |
| Other operating charges | 640/8 | €362 | €186 | -€176 | -48.6% |
| Gross operating margin | 9900 | -€25,940 | €54,375 | +€80,315 | |
| Operating profit (loss) | 9901 | -€27,885 | €52,928 | +€80,813 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €2,441 | €1,876 | -€565 | -23.1% |
| Recurring financial charges | 65 | €2,441 | €1,876 | -€565 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | -€30,326 | €51,054 | +€81,380 | |
| Income taxes | 67/77 | €166 | €4,866 | +€4,700 | +2,831% |
| Profit (loss) for the period | 9904 | -€30,492 | €46,188 | +€76,680 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,492 | €46,188 | +€76,680 |
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 22 October 2026 via checked.be.