SMILENTZ: 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.
SMILENTZ
Largest movements
- Deferred charges and accrued income +€1,450
up €1,450 (+113%), from €1,286 to €2,736
- Cash -€1,413
down €1,413 (-3.5%), from €39,891 to €38,478
mainly Contributions, distributions and other (-€39,824) and Deferred charges and accrued income (-€1,450)
- Receivables within one year +€669
up €669 (+7.7%), from €8,747 to €9,416
of which Trade receivables: +€639
- Tangible fixed assets -€564
down €564 (-11.5%), from €4,919 to €4,356
of which Plant, machinery and equipment: -€700
- Reserves -€23,174
down €23,174 (-56.4%), from €41,075 to €17,901
- Other debts +€20,117
up €20,117, from €0 to €20,117
- Trade debts +€2,723
up €2,723 (+183%), from €1,487 to €4,211
- Gross operating margin +€16,205
up €16,205 (+142%), from €11,376 to €27,581
- Taxes +€4,220
up €4,220 (+177%), from €2,387 to €6,607
- Other operating charges +€1,812
up €1,812 (+298%), from €607 to €2,419
- Depreciation -€396
down €396 (-18.0%), from €2,192 to €1,797
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 | €54,988 | €54,986 | -€2 | 0.0% |
| Formation expenses | 20 | €144 | - | -€144 | |
| Fixed assets | 21/28 | €4,919 | €4,356 | -€564 | -11.5% |
| Tangible fixed assets | 22/27 | €4,919 | €4,356 | -€564 | -11.5% |
| Plant, machinery and equipment | 23 | €2,973 | €2,273 | -€700 | -23.6% |
| Furniture and vehicles | 24 | €1,946 | €2,083 | +€137 | +7.0% |
| Current assets | 29/58 | €49,925 | €50,631 | +€706 | +1.4% |
| Amounts receivable within one year | 40/41 | €8,747 | €9,416 | +€669 | +7.7% |
| Trade receivables | 40 | €8,385 | €9,024 | +€639 | +7.6% |
| Other amounts receivable | 41 | €362 | €393 | +€30 | +8.4% |
| Cash at bank and in hand | 54/58 | €39,891 | €38,478 | -€1,413 | -3.5% |
| Deferred charges and accrued income | 490/1 | €1,286 | €2,736 | +€1,450 | +113% |
| Total equity and liabilities | 10/49 | €54,988 | €54,986 | -€2 | 0.0% |
| Equity | 10/15 | €47,075 | €23,901 | -€23,174 | -49.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €41,075 | €17,901 | -€23,174 | -56.4% |
| Distributable reserves | 133 | €41,075 | €17,901 | -€23,174 | -56.4% |
| Amounts payable | 17/49 | €7,913 | €31,085 | +€23,172 | +293% |
| Amounts payable within one year | 42/48 | €7,913 | €31,085 | +€23,172 | +293% |
| Trade debts | 44 | €1,487 | €4,211 | +€2,723 | +183% |
| Suppliers | 440/4 | €1,487 | €4,211 | +€2,723 | +183% |
| Taxes, remuneration and social security | 45 | €6,426 | €6,757 | +€331 | +5.2% |
| Taxes | 450/3 | €6,426 | €6,757 | +€331 | +5.2% |
| Other amounts payable | 47/48 | €0 | €20,117 | +€20,117 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,192 | €1,797 | -€396 | -18.0% |
| Other operating charges | 640/8 | €607 | €2,419 | +€1,812 | +298% |
| Gross operating margin | 9900 | €11,376 | €27,581 | +€16,205 | +142% |
| Operating profit (loss) | 9901 | €8,576 | €23,365 | +€14,789 | +172% |
| Financial charges | 65/66B | €204 | €107 | -€97 | -47.5% |
| Recurring financial charges | 65 | €204 | €107 | -€97 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €8,372 | €23,257 | +€14,886 | +178% |
| Income taxes | 67/77 | €2,387 | €6,607 | +€4,220 | +177% |
| Profit (loss) for the period | 9904 | €5,984 | €16,650 | +€10,666 | +178% |
| Profit (loss) for the period to be appropriated | 9905 | €5,984 | €16,650 | +€10,666 | +178% |
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 23 October 2026 via checked.be.