Smile2m: what changed
Two fiscal 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.
Smile2m
Largest movements
- Tangible fixed assets +€211,744
up €211,744 (+16.3%), from €1.3m to €1.5m
of which Land and buildings: +€223,488
- Cash +€173,365
up €173,365 (+11.6%), from €1.5m to €1.7m
mainly Net result for the year (+€502,995) and Depreciation (+€98,619)
- Reserves +€427,206
up €427,206 (+22.6%), from €1.9m to €2.3m
- Debts after one year -€105,792
down €105,792 (-17.0%), from €622,525 to €516,733
- Trade debts +€54,385
up €54,385 (+7293.0%), from €746 to €55,130
- Gross operating margin +€102,524
up €102,524 (+13.1%), from €781,939 to €884,463
- Depreciation +€26,898
up €26,898 (+37.5%), from €71,721 to €98,619
- Taxes +€20,376
up €20,376 (+10.4%), from €195,590 to €215,966
- Financial income +€17,434
up €17,434 (+112549.6%), from €15 to €17,449
of which Financial income: +€16,642
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,806,357 | €3,197,460 | +€391,103 | +13.9% |
| Fixed assets | 21/28 | €1,302,711 | €1,514,455 | +€211,744 | +16.3% |
| Tangible fixed assets | 22/27 | €1,302,711 | €1,514,455 | +€211,744 | +16.3% |
| Land and buildings | 22 | €1,217,689 | €1,441,177 | +€223,488 | +18.4% |
| Plant, machinery and equipment | 23 | €13,979 | €7,183 | -€6,796 | -48.6% |
| Furniture and vehicles | 24 | €28,133 | €23,185 | -€4,948 | -17.6% |
| Other tangible fixed assets | 26 | €42,910 | €42,910 | = | 0.0% |
| Current assets | 29/58 | €1,503,647 | €1,683,005 | +€179,359 | +11.9% |
| Amounts receivable within one year | 40/41 | - | €5,113 | +€5,113 | |
| Other amounts receivable | 41 | - | €5,113 | +€5,113 | |
| Cash at bank and in hand | 54/58 | €1,499,505 | €1,672,870 | +€173,365 | +11.6% |
| Deferred charges and accrued income | 490/1 | €4,142 | €5,023 | +€881 | +21.3% |
| Total equity and liabilities | 10/49 | €2,806,357 | €3,197,460 | +€391,103 | +13.9% |
| Equity | 10/15 | €1,905,725 | €2,332,931 | +€427,206 | +22.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,893,325 | €2,320,531 | +€427,206 | +22.6% |
| Distributable reserves | 133 | €1,893,325 | €2,320,531 | +€427,206 | +22.6% |
| Amounts payable | 17/49 | €900,632 | €864,529 | -€36,103 | -4.0% |
| Amounts payable after more than one year | 17 | €622,525 | €516,733 | -€105,792 | -17.0% |
| Financial debts | 170/4 | €622,525 | €516,733 | -€105,792 | -17.0% |
| Amounts payable within one year | 42/48 | €277,783 | €347,796 | +€70,013 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €104,829 | €105,792 | +€963 | +0.9% |
| Trade debts | 44 | €746 | €55,130 | +€54,385 | +7293.0% |
| Suppliers | 440/4 | €746 | €55,130 | +€54,385 | +7293.0% |
| Advances received on contracts in progress | 46 | €31,186 | €27,810 | -€3,376 | -10.8% |
| Taxes, remuneration and social security | 45 | €135,351 | €155,274 | +€19,923 | +14.7% |
| Taxes | 450/3 | €114,388 | €145,481 | +€31,093 | +27.2% |
| Remuneration and social security | 454/9 | €20,963 | €9,793 | -€11,170 | -53.3% |
| Other amounts payable | 47/48 | €5,671 | €3,789 | -€1,881 | -33.2% |
| Accrued charges and deferred income | 492/3 | €324 | - | -€324 | |
| Remuneration, social security and pensions | 62 | €67,754 | €63,955 | -€3,799 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,721 | €98,619 | +€26,898 | +37.5% |
| Other operating charges | 640/8 | €15,185 | €14,663 | -€522 | -3.4% |
| Gross operating margin | 9900 | €781,939 | €884,463 | +€102,524 | +13.1% |
| Operating profit (loss) | 9901 | €627,278 | €707,226 | +€79,947 | +12.7% |
| Financial income | 75/76B | €15 | €17,449 | +€17,434 | +112549.6% |
| Recurring financial income | 75 | €15 | €16,657 | +€16,642 | +107435.5% |
| Non-recurring financial income | 76B | - | €792 | +€792 | |
| Financial charges | 65/66B | €7,660 | €5,714 | -€1,946 | -25.4% |
| Recurring financial charges | 65 | €7,660 | €5,714 | -€1,946 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €619,633 | €718,961 | +€99,327 | +16.0% |
| Income taxes | 67/77 | €195,590 | €215,966 | +€20,376 | +10.4% |
| Profit (loss) for the period | 9904 | €424,043 | €502,995 | +€78,952 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €424,043 | €502,995 | +€78,952 | +18.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.