SMILETECH: 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.
SMILETECH
Largest movements
- Cash -€12,639
down €12,639 (-43.4%), from €29,124 to €16,485
mainly Trade debts (-€10,023) and Net result for the year (-€6,222)
- Tangible fixed assets -€1,991
down €1,991 (-37.4%), from €5,321 to €3,330
of which Furniture and vehicles: -€1,303
- Stocks and contracts -€1,288
down €1,288 (-32.0%), from €4,026 to €2,738
- Receivables within one year +€497
up €497 (+171%), from €290 to €786
of which Trade receivables: +€492
- Trade debts -€10,023
down €10,023 (-71.2%), from €14,084 to €4,061
- Profit (loss) carried forward -€6,222
down €6,222 (-57.9%), from -€10,748 to -€16,971
- Other debts +€1,166
up €1,166 (+14.2%), from €8,236 to €9,402
- Gross operating margin +€2,034
up €2,034 (+38.2%), from -€5,321 to -€3,287
- Depreciation +€211
up €211 (+11.8%), from €1,780 to €1,991
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 | €38,791 | €23,370 | -€15,421 | -39.8% |
| Fixed assets | 21/28 | €5,351 | €3,360 | -€1,991 | -37.2% |
| Tangible fixed assets | 22/27 | €5,321 | €3,330 | -€1,991 | -37.4% |
| Plant, machinery and equipment | 23 | €2,376 | €1,688 | -€688 | -29.0% |
| Furniture and vehicles | 24 | €2,945 | €1,643 | -€1,303 | -44.2% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €33,440 | €20,009 | -€13,430 | -40.2% |
| Stocks and contracts in progress | 3 | €4,026 | €2,738 | -€1,288 | -32.0% |
| Stocks | 30/36 | €4,026 | €2,738 | -€1,288 | -32.0% |
| Amounts receivable within one year | 40/41 | €290 | €786 | +€497 | +171% |
| Trade receivables | 40 | €290 | €782 | +€492 | +170% |
| Other amounts receivable | 41 | €0 | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €29,124 | €16,485 | -€12,639 | -43.4% |
| Total equity and liabilities | 10/49 | €38,791 | €23,370 | -€15,421 | -39.8% |
| Equity | 10/15 | €14,292 | €8,069 | -€6,222 | -43.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,840 | €18,840 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €16,980 | €16,980 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,748 | -€16,971 | -€6,222 | -57.9% |
| Amounts payable | 17/49 | €24,499 | €15,300 | -€9,199 | -37.5% |
| Amounts payable within one year | 42/48 | €24,499 | €15,300 | -€9,199 | -37.5% |
| Trade debts | 44 | €14,084 | €4,061 | -€10,023 | -71.2% |
| Suppliers | 440/4 | €14,084 | €4,061 | -€10,023 | -71.2% |
| Taxes, remuneration and social security | 45 | €2,179 | €1,838 | -€341 | -15.7% |
| Taxes | 450/3 | €2,179 | €1,838 | -€341 | -15.7% |
| Other amounts payable | 47/48 | €8,236 | €9,402 | +€1,166 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,780 | €1,991 | +€211 | +11.8% |
| Other operating charges | 640/8 | €844 | €871 | +€27 | +3.2% |
| Gross operating margin | 9900 | -€5,321 | -€3,287 | +€2,034 | +38.2% |
| Operating profit (loss) | 9901 | -€7,945 | -€6,149 | +€1,797 | +22.6% |
| Financial charges | 65/66B | €72 | €74 | +€2 | +2.7% |
| Recurring financial charges | 65 | €72 | €74 | +€2 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,017 | -€6,222 | +€1,795 | +22.4% |
| Profit (loss) for the period | 9904 | -€8,017 | -€6,222 | +€1,795 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,017 | -€6,222 | +€1,795 | +22.4% |
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 30 October 2026 via checked.be.