Smilepunt: 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.
Smilepunt
Largest movements
- Tangible fixed assets +€320,917
up €320,917 (+1,160%), from €27,657 to €348,574
of which Land and buildings: +€253,105
- Cash -€157,978
down €157,978 (-82.4%), from €191,757 to €33,779
mainly Investment in fixed assets (net) (-€352,924) and Contributions, distributions and other (-€338,807)
- Receivables within one year -€72,180
down €72,180 (-73.6%), from €98,095 to €25,915
of which Other amounts receivable: -€39,303
- Intangible fixed assets -€15,000
down €15,000 (-14.0%), from €107,425 to €92,425
- Financial fixed assets -€5,100
down €5,100 (-100%), from €5,100 to €0
- Reserves -€264,056
down €264,056 (-77.9%), from €338,807 to €74,751
- Debts after one year +€228,311
up €228,311 (+452%), from €50,551 to €278,861
- Other debts +€77,805
up €77,805 (+8,963%), from €868 to €78,673
- Current portion of long-term debt +€23,575
up €23,575 (+195%), from €12,099 to €35,674
- Depreciation +€32,310
up €32,310 (+163%), from €19,797 to €52,107
- Other operating charges +€26,013
up €26,013 (+1,373%), from €1,895 to €27,908
- Taxes -€19,759
down €19,759 (-54.8%), from €36,086 to €16,327
- Gross operating margin -€6,922
down €6,922 (-3.7%), from €185,506 to €178,584
- Financial charges +€6,647
up €6,647 (+225%), from €2,960 to €9,607
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 | €431,893 | €500,693 | +€68,800 | +15.9% |
| Fixed assets | 21/28 | €140,182 | €440,999 | +€300,817 | +215% |
| Intangible fixed assets | 21 | €107,425 | €92,425 | -€15,000 | -14.0% |
| Tangible fixed assets | 22/27 | €27,657 | €348,574 | +€320,917 | +1,160% |
| Land and buildings | 22 | - | €253,105 | +€253,105 | |
| Plant, machinery and equipment | 23 | €25,630 | €81,475 | +€55,845 | +218% |
| Furniture and vehicles | 24 | €2,027 | €13,994 | +€11,967 | +590% |
| Financial fixed assets | 28 | €5,100 | €0 | -€5,100 | -100% |
| Current assets | 29/58 | €291,711 | €59,694 | -€232,017 | -79.5% |
| Amounts receivable within one year | 40/41 | €98,095 | €25,915 | -€72,180 | -73.6% |
| Trade receivables | 40 | €33,011 | €134 | -€32,877 | -99.6% |
| Other amounts receivable | 41 | €65,084 | €25,781 | -€39,303 | -60.4% |
| Cash at bank and in hand | 54/58 | €191,757 | €33,779 | -€157,978 | -82.4% |
| Deferred charges and accrued income | 490/1 | €1,859 | €0 | -€1,859 | -100% |
| Total equity and liabilities | 10/49 | €431,893 | €500,693 | +€68,800 | +15.9% |
| Equity | 10/15 | €340,807 | €76,751 | -€264,056 | -77.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €338,807 | €74,751 | -€264,056 | -77.9% |
| Distributable reserves | 133 | €338,807 | €74,751 | -€264,056 | -77.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €91,086 | €423,941 | +€332,856 | +365% |
| Amounts payable after more than one year | 17 | €50,551 | €278,861 | +€228,311 | +452% |
| Financial debts | 170/4 | €50,551 | €278,861 | +€228,311 | +452% |
| Amounts payable within one year | 42/48 | €40,535 | €145,080 | +€104,545 | +258% |
| Current portion of amounts payable after more than one year | 42 | €12,099 | €35,674 | +€23,575 | +195% |
| Trade debts | 44 | €6,110 | €8,821 | +€2,711 | +44.4% |
| Suppliers | 440/4 | €6,110 | €8,821 | +€2,711 | +44.4% |
| Taxes, remuneration and social security | 45 | €21,458 | €21,913 | +€455 | +2.1% |
| Taxes | 450/3 | €21,458 | €21,913 | +€455 | +2.1% |
| Other amounts payable | 47/48 | €868 | €78,673 | +€77,805 | +8,963% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,797 | €52,107 | +€32,310 | +163% |
| Other operating charges | 640/8 | €1,895 | €27,908 | +€26,013 | +1,373% |
| Non-recurring operating charges | 66A | €637 | €0 | -€637 | -100% |
| Gross operating margin | 9900 | €185,506 | €178,584 | -€6,922 | -3.7% |
| Operating profit (loss) | 9901 | €163,177 | €98,569 | -€64,607 | -39.6% |
| Financial income | 75/76B | €765 | €2,116 | +€1,350 | +176% |
| Recurring financial income | 75 | €765 | €2,116 | +€1,350 | +176% |
| Financial charges | 65/66B | €2,960 | €9,607 | +€6,647 | +225% |
| Recurring financial charges | 65 | €2,960 | €9,607 | +€6,647 | +225% |
| Profit (loss) for the period before taxes | 9903 | €160,982 | €91,078 | -€69,904 | -43.4% |
| Income taxes | 67/77 | €36,086 | €16,327 | -€19,759 | -54.8% |
| Profit (loss) for the period | 9904 | €124,896 | €74,751 | -€50,145 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €124,896 | €74,751 | -€50,145 | -40.1% |
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 17 October 2026 via checked.be.