SMILEASY: 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.
SMILEASY
Largest movements
- Cash +€37,471
up €37,471 (+221.7%), from €16,900 to €54,371
mainly Net result for the year (+€21,856) and Depreciation (+€15,920)
- Intangible fixed assets -€10,400
down €10,400 (-14.3%), from €72,800 to €62,400
- Receivables within one year -€6,197
down €6,197 (-94.0%), from €6,593 to €396
of which Trade receivables: -€6,500
- Deferred charges and accrued income -€6,024
down €6,024 (-31.2%), from €19,283 to €13,259
- Tangible fixed assets -€4,502
down €4,502 (-46.4%), from €9,708 to €5,207
- Reserves +€21,023
up €21,023 (+26.5%), from €79,390 to €100,413
- Other debts -€10,017
down €10,017 (-25.4%), from €39,386 to €29,369
- Gross operating margin +€18,360
up €18,360 (+20.6%), from €89,180 to €107,540
- Financial charges -€9,828
down €9,828 (-14.3%), from €68,960 to €59,132
- Taxes +€6,289
up €6,289 (+184.6%), from €3,407 to €9,697
- Depreciation +€3,933
up €3,933 (+32.8%), from €11,987 to €15,920
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.
Cash bridge derived
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 | €125,284 | €135,632 | +€10,349 | +8.3% |
| Fixed assets | 21/28 | €82,508 | €67,607 | -€14,902 | -18.1% |
| Intangible fixed assets | 21 | €72,800 | €62,400 | -€10,400 | -14.3% |
| Tangible fixed assets | 22/27 | €9,708 | €5,207 | -€4,502 | -46.4% |
| Furniture and vehicles | 24 | €9,708 | €5,207 | -€4,502 | -46.4% |
| Current assets | 29/58 | €42,775 | €68,026 | +€25,250 | +59.0% |
| Amounts receivable within one year | 40/41 | €6,593 | €396 | -€6,197 | -94.0% |
| Trade receivables | 40 | €6,500 | - | -€6,500 | |
| Other amounts receivable | 41 | €93 | €396 | +€303 | +327.7% |
| Cash at bank and in hand | 54/58 | €16,900 | €54,371 | +€37,471 | +221.7% |
| Deferred charges and accrued income | 490/1 | €19,283 | €13,259 | -€6,024 | -31.2% |
| Total equity and liabilities | 10/49 | €125,284 | €135,632 | +€10,349 | +8.3% |
| Equity | 10/15 | €84,390 | €105,413 | +€21,023 | +24.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €79,390 | €100,413 | +€21,023 | +26.5% |
| Distributable reserves | 133 | €79,390 | €100,413 | +€21,023 | +26.5% |
| Amounts payable | 17/49 | €40,893 | €30,219 | -€10,674 | -26.1% |
| Amounts payable within one year | 42/48 | €40,893 | €30,219 | -€10,674 | -26.1% |
| Trade debts | 44 | €1,507 | €850 | -€657 | -43.6% |
| Suppliers | 440/4 | €1,507 | €850 | -€657 | -43.6% |
| Other amounts payable | 47/48 | €39,386 | €29,369 | -€10,017 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,987 | €15,920 | +€3,933 | +32.8% |
| Other operating charges | 640/8 | €230 | €936 | +€706 | +306.5% |
| Gross operating margin | 9900 | €89,180 | €107,540 | +€18,360 | +20.6% |
| Operating profit (loss) | 9901 | €76,963 | €90,684 | +€13,721 | +17.8% |
| Financial income | 75/76B | €164 | - | -€164 | |
| Recurring financial income | 75 | €164 | - | -€164 | |
| Financial charges | 65/66B | €68,960 | €59,132 | -€9,828 | -14.3% |
| Recurring financial charges | 65 | €68,960 | €59,132 | -€9,828 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €8,167 | €31,552 | +€23,386 | +286.3% |
| Income taxes | 67/77 | €3,407 | €9,697 | +€6,289 | +184.6% |
| Profit (loss) for the period | 9904 | €4,759 | €21,856 | +€17,096 | +359.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,759 | €21,856 | +€17,096 | +359.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.