SMILESTATE: 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.
SMILESTATE
Largest movements
- Receivables within one year +€31,113
up €31,113, from €0 to €31,113
- Cash -€1,982
down €1,982 (-81.5%), from €2,432 to €450
mainly Receivables within one year (-€31,113) and Tax, wage and social debts (-€2,050)
- Tangible fixed assets -€649
down €649 (-22.3%), from €2,911 to €2,263
of which Furniture and vehicles: -€372
- Deferred charges and accrued income +€484
up €484 (+36.4%), from €1,330 to €1,814
- Profit (loss) carried forward +€31,936
up €31,936, from -€28,568 to €3,367
- Tax, wage and social debts -€2,050
down €2,050 (-12.2%), from €16,738 to €14,689
of which Remuneration and social security: -€6,768
- Accrued charges and deferred income -€480
down €480 (-24.0%), from €2,000 to €1,520
- Other debts -€455
down €455 (-3.8%), from €12,036 to €11,582
- Gross operating margin +€50,352
up €50,352, from -€14,663 to €35,689
- Taxes +€845
up €845 (+614%), from €138 to €983
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 | €6,674 | €35,639 | +€28,966 | +434% |
| Fixed assets | 21/28 | €2,911 | €2,263 | -€649 | -22.3% |
| Tangible fixed assets | 22/27 | €2,911 | €2,263 | -€649 | -22.3% |
| Furniture and vehicles | 24 | €380 | €8 | -€372 | -97.8% |
| Other tangible fixed assets | 26 | €2,532 | €2,255 | -€277 | -10.9% |
| Current assets | 29/58 | €3,762 | €33,377 | +€29,614 | +787% |
| Amounts receivable within one year | 40/41 | €0 | €31,113 | +€31,113 | |
| Trade receivables | 40 | €0 | €31,113 | +€31,113 | |
| Cash at bank and in hand | 54/58 | €2,432 | €450 | -€1,982 | -81.5% |
| Deferred charges and accrued income | 490/1 | €1,330 | €1,814 | +€484 | +36.4% |
| Total equity and liabilities | 10/49 | €6,674 | €35,639 | +€28,966 | +434% |
| Equity | 10/15 | -€26,068 | €5,867 | +€31,936 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,568 | €3,367 | +€31,936 | |
| Amounts payable | 17/49 | €32,742 | €29,772 | -€2,970 | -9.1% |
| Amounts payable within one year | 42/48 | €30,742 | €28,252 | -€2,490 | -8.1% |
| Trade debts | 44 | €1,967 | €1,982 | +€15 | +0.7% |
| Suppliers | 440/4 | €1,967 | €1,982 | +€15 | +0.7% |
| Taxes, remuneration and social security | 45 | €16,738 | €14,689 | -€2,050 | -12.2% |
| Taxes | 450/3 | €3,202 | €7,921 | +€4,718 | +147% |
| Remuneration and social security | 454/9 | €13,536 | €6,768 | -€6,768 | -50.0% |
| Other amounts payable | 47/48 | €12,036 | €11,582 | -€455 | -3.8% |
| Accrued charges and deferred income | 492/3 | €2,000 | €1,520 | -€480 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €610 | €649 | +€39 | +6.3% |
| Other operating charges | 640/8 | €569 | €807 | +€239 | +42.0% |
| Gross operating margin | 9900 | -€14,663 | €35,689 | +€50,352 | |
| Operating profit (loss) | 9901 | -€15,841 | €34,233 | +€50,075 | |
| Financial charges | 65/66B | €1,183 | €1,314 | +€131 | +11.1% |
| Recurring financial charges | 65 | €1,183 | €1,314 | +€131 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,025 | €32,919 | +€49,944 | |
| Income taxes | 67/77 | €138 | €983 | +€845 | +614% |
| Profit (loss) for the period | 9904 | -€17,163 | €31,936 | +€49,098 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,163 | €31,936 | +€49,098 |
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 15 October 2026 via checked.be.