SMILEY DENT: 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.
SMILEY DENT
Largest movements
- Tangible fixed assets -€42,184
down €42,184 (-28.5%), from €148,181 to €105,996
- Cash +€14,676
up €14,676 (+67.9%), from €21,608 to €36,285
mainly Depreciation (+€42,184) and Deferred charges and accrued income (+€6,827)
- Deferred charges and accrued income -€6,827
down €6,827 (-47.3%), from €14,442 to €7,615
- Receivables within one year -€2,611
down €2,611 (-87.5%), from €2,985 to €374
- Debts after one year -€23,774
down €23,774 (-54.8%), from €43,352 to €19,578
- Profit (loss) carried forward -€7,528
down €7,528 (-70.6%), from -€10,662 to -€18,191
- Trade debts -€5,452
down €5,452 (-5.6%), from €96,792 to €91,340
- Other debts -€2,605
down €2,605 (-10.7%), from €24,422 to €21,818
- Depreciation -€653
down €653 (-1.5%), from €42,838 to €42,184
- Financial charges -€561
down €561 (-22.0%), from €2,553 to €1,993
- Gross operating margin -€541
down €541 (-1.3%), from €42,301 to €41,759
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 | €187,216 | €150,270 | -€36,946 | -19.7% |
| Fixed assets | 21/28 | €148,181 | €105,996 | -€42,184 | -28.5% |
| Tangible fixed assets | 22/27 | €148,181 | €105,996 | -€42,184 | -28.5% |
| Plant, machinery and equipment | 23 | €31,586 | €22,558 | -€9,028 | -28.6% |
| Furniture and vehicles | 24 | €24,048 | €15,918 | -€8,130 | -33.8% |
| Leasing and similar rights | 25 | €47,912 | €28,955 | -€18,957 | -39.6% |
| Other tangible fixed assets | 26 | €44,635 | €38,565 | -€6,070 | -13.6% |
| Current assets | 29/58 | €39,035 | €44,274 | +€5,239 | +13.4% |
| Amounts receivable within one year | 40/41 | €2,985 | €374 | -€2,611 | -87.5% |
| Trade receivables | 40 | €2,985 | €374 | -€2,611 | -87.5% |
| Cash at bank and in hand | 54/58 | €21,608 | €36,285 | +€14,676 | +67.9% |
| Deferred charges and accrued income | 490/1 | €14,442 | €7,615 | -€6,827 | -47.3% |
| Total equity and liabilities | 10/49 | €187,216 | €150,270 | -€36,946 | -19.7% |
| Equity | 10/15 | -€662 | -€8,191 | -€7,528 | -1,137% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,662 | -€18,191 | -€7,528 | -70.6% |
| Amounts payable | 17/49 | €187,879 | €158,461 | -€29,417 | -15.7% |
| Amounts payable after more than one year | 17 | €43,352 | €19,578 | -€23,774 | -54.8% |
| Financial debts | 170/4 | €43,352 | €19,578 | -€23,774 | -54.8% |
| Amounts payable within one year | 42/48 | €144,460 | €138,883 | -€5,577 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €23,094 | €23,774 | +€680 | +2.9% |
| Trade debts | 44 | €96,792 | €91,340 | -€5,452 | -5.6% |
| Suppliers | 440/4 | €96,792 | €91,340 | -€5,452 | -5.6% |
| Taxes, remuneration and social security | 45 | €152 | €1,952 | +€1,800 | +1,181% |
| Taxes | 450/3 | €152 | €152 | -€0 | 0.0% |
| Remuneration and social security | 454/9 | - | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | €24,422 | €21,818 | -€2,605 | -10.7% |
| Accrued charges and deferred income | 492/3 | €67 | - | -€67 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,838 | €42,184 | -€653 | -1.5% |
| Other operating charges | 640/8 | €5,010 | €4,958 | -€51 | -1.0% |
| Gross operating margin | 9900 | €42,301 | €41,759 | -€541 | -1.3% |
| Operating profit (loss) | 9901 | -€5,547 | -€5,383 | +€163 | +2.9% |
| Financial charges | 65/66B | €2,553 | €1,993 | -€561 | -22.0% |
| Recurring financial charges | 65 | €2,553 | €1,993 | -€561 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,100 | -€7,376 | +€724 | +8.9% |
| Income taxes | 67/77 | €282 | €152 | -€129 | -45.9% |
| Profit (loss) for the period | 9904 | -€8,382 | -€7,528 | +€853 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,382 | -€7,528 | +€853 | +10.2% |
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 24 October 2026 via checked.be.