Smile Way: 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 Way
Largest movements
- Cash +€16,247
up €16,247 (+225%), from €7,227 to €23,474
mainly Net result for the year (+€26,776) and Depreciation (+€1,702)
- Receivables within one year +€2,712
up €2,712 (+15.3%), from €17,694 to €20,406
- Tangible fixed assets +€1,546
up €1,546 (+39.8%), from €3,880 to €5,425
of which Plant, machinery and equipment: +€2,379
- Reserves +€26,776
up €26,776 (+126%), from €21,288 to €48,064
- Trade debts -€3,641
down €3,641 (-94.4%), from €3,859 to €218
- Tax, wage and social debts -€2,630
down €2,630 (-34.2%), from €7,685 to €5,056
of which Remuneration and social security: -€3,770
- Gross operating margin +€34,080
up €34,080 (+579%), from €5,889 to €39,969
- Taxes +€9,659
up €9,659 (+795%), from €1,216 to €10,875
- Financial charges -€576
down €576 (-78.8%), from €730 to €155
- Depreciation +€524
up €524 (+44.5%), from €1,178 to €1,702
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 | €35,832 | €56,338 | +€20,505 | +57.2% |
| Fixed assets | 21/28 | €3,880 | €5,425 | +€1,546 | +39.8% |
| Tangible fixed assets | 22/27 | €3,880 | €5,425 | +€1,546 | +39.8% |
| Plant, machinery and equipment | 23 | €1,932 | €4,311 | +€2,379 | +123% |
| Furniture and vehicles | 24 | €1,948 | €1,114 | -€834 | -42.8% |
| Current assets | 29/58 | €31,953 | €50,912 | +€18,960 | +59.3% |
| Amounts receivable within one year | 40/41 | €17,694 | €20,406 | +€2,712 | +15.3% |
| Other amounts receivable | 41 | €17,694 | €20,406 | +€2,712 | +15.3% |
| Cash at bank and in hand | 54/58 | €7,227 | €23,474 | +€16,247 | +225% |
| Deferred charges and accrued income | 490/1 | €7,032 | €7,032 | = | 0.0% |
| Total equity and liabilities | 10/49 | €35,832 | €56,338 | +€20,505 | +57.2% |
| Equity | 10/15 | €24,288 | €51,064 | +€26,776 | +110% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,288 | €48,064 | +€26,776 | +126% |
| Distributable reserves | 133 | €21,288 | €48,064 | +€26,776 | +126% |
| Amounts payable | 17/49 | €11,545 | €5,274 | -€6,271 | -54.3% |
| Amounts payable within one year | 42/48 | €11,545 | €5,274 | -€6,271 | -54.3% |
| Trade debts | 44 | €3,859 | €218 | -€3,641 | -94.4% |
| Suppliers | 440/4 | €3,859 | €218 | -€3,641 | -94.4% |
| Taxes, remuneration and social security | 45 | €7,685 | €5,056 | -€2,630 | -34.2% |
| Taxes | 450/3 | €3,915 | €5,056 | +€1,140 | +29.1% |
| Remuneration and social security | 454/9 | €3,770 | €0 | -€3,770 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,178 | €1,702 | +€524 | +44.5% |
| Other operating charges | 640/8 | €511 | €462 | -€50 | -9.7% |
| Gross operating margin | 9900 | €5,889 | €39,969 | +€34,080 | +579% |
| Operating profit (loss) | 9901 | €4,200 | €37,806 | +€33,606 | +800% |
| Financial charges | 65/66B | €730 | €155 | -€576 | -78.8% |
| Recurring financial charges | 65 | €730 | €155 | -€576 | -78.8% |
| Profit (loss) for the period before taxes | 9903 | €3,469 | €37,651 | +€34,182 | +985% |
| Income taxes | 67/77 | €1,216 | €10,875 | +€9,659 | +795% |
| Profit (loss) for the period | 9904 | €2,254 | €26,776 | +€24,523 | +1,088% |
| Profit (loss) for the period to be appropriated | 9905 | €2,254 | €26,776 | +€24,523 | +1,088% |
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 30 October 2026 via checked.be.