SmiLei: 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.
SmiLei
Largest movements
- Cash +€18,938
up €18,938 (+31.9%), from €59,459 to €78,397
mainly Net result for the year (+€17,228) and Trade debts (+€16,252)
- Deferred charges and accrued income -€13,638
down €13,638 (-60.6%), from €22,509 to €8,872
- Receivables within one year +€12,313
up €12,313 (+195%), from €6,299 to €18,611
of which Trade receivables: +€16,613
- Tangible fixed assets +€1,195
up €1,195 (+358%), from €334 to €1,529
- Trade debts +€16,252
up €16,252 (+513%), from €3,171 to €19,423
- Other debts +€12,248
up €12,248 (+798%), from €1,534 to €13,782
- Tax, wage and social debts -€9,691
down €9,691 (-52.2%), from €18,567 to €8,876
of which Taxes: -€14,370
- Gross operating margin -€12,846
down €12,846 (-34.3%), from €37,400 to €24,554
- Taxes -€4,649
down €4,649 (-45.3%), from €10,274 to €5,625
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 | €88,600 | €107,409 | +€18,809 | +21.2% |
| Fixed assets | 21/28 | €334 | €1,529 | +€1,195 | +358% |
| Tangible fixed assets | 22/27 | €334 | €1,529 | +€1,195 | +358% |
| Furniture and vehicles | 24 | €334 | €1,529 | +€1,195 | +358% |
| Current assets | 29/58 | €88,267 | €105,880 | +€17,614 | +20.0% |
| Amounts receivable within one year | 40/41 | €6,299 | €18,611 | +€12,313 | +195% |
| Trade receivables | 40 | €1,520 | €18,132 | +€16,613 | +1,093% |
| Other amounts receivable | 41 | €4,779 | €479 | -€4,300 | -90.0% |
| Cash at bank and in hand | 54/58 | €59,459 | €78,397 | +€18,938 | +31.9% |
| Deferred charges and accrued income | 490/1 | €22,509 | €8,872 | -€13,638 | -60.6% |
| Total equity and liabilities | 10/49 | €88,600 | €107,409 | +€18,809 | +21.2% |
| Equity | 10/15 | €65,328 | €65,328 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €64,328 | €64,328 | = | 0.0% |
| Distributable reserves | 133 | €64,328 | €64,328 | = | 0.0% |
| Amounts payable | 17/49 | €23,272 | €42,081 | +€18,809 | +80.8% |
| Amounts payable within one year | 42/48 | €23,272 | €42,081 | +€18,809 | +80.8% |
| Trade debts | 44 | €3,171 | €19,423 | +€16,252 | +513% |
| Suppliers | 440/4 | €3,171 | €19,423 | +€16,252 | +513% |
| Taxes, remuneration and social security | 45 | €18,567 | €8,876 | -€9,691 | -52.2% |
| Taxes | 450/3 | €18,567 | €4,197 | -€14,370 | -77.4% |
| Remuneration and social security | 454/9 | - | €4,679 | +€4,679 | |
| Other amounts payable | 47/48 | €1,534 | €13,782 | +€12,248 | +798% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250 | €583 | +€333 | +133% |
| Gross operating margin | 9900 | €37,400 | €24,554 | -€12,846 | -34.3% |
| Operating profit (loss) | 9901 | €37,150 | €23,971 | -€13,179 | -35.5% |
| Financial charges | 65/66B | €1,352 | €1,119 | -€234 | -17.3% |
| Recurring financial charges | 65 | €1,352 | €1,119 | -€234 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €35,797 | €22,853 | -€12,945 | -36.2% |
| Income taxes | 67/77 | €10,274 | €5,625 | -€4,649 | -45.3% |
| Profit (loss) for the period | 9904 | €25,524 | €17,228 | -€8,296 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,524 | €17,228 | -€8,296 | -32.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.