SMILEY'S: 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'S
Largest movements
- Receivables within one year -€17,831
down €17,831 (-69.0%), from €25,831 to €8,000
- Cash -€608
down €608 (-28.9%), from €2,102 to €1,494
- Debts within one year -€11,720
down €11,720 (-5.0%), from €234,688 to €222,968
- Profit (loss) carried forward -€6,718
down €6,718 (-3.0%), from -€225,356 to -€232,074
- Gross operating margin +€47,017
up €47,017 (+99.6%), from -€47,196 to -€179
- Turnover -€11,433
no longer reported in 2021 (was €11,433)
From the 2019 result to the 2021 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.
Cash bridge derived
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,932 | €9,494 | -€18,438 | -66.0% |
| Current assets | 29/58 | €27,932 | €9,494 | -€18,438 | -66.0% |
| Amounts receivable within one year | 40/41 | €25,831 | €8,000 | -€17,831 | -69.0% |
| Trade receivables | 40 | - | €8,000 | +€8,000 | |
| Cash at bank and in hand | 54/58 | €2,102 | €1,494 | -€608 | -28.9% |
| Total equity and liabilities | 10/49 | €27,932 | €9,494 | -€18,438 | -66.0% |
| Equity | 10/15 | -€206,756 | -€213,474 | -€6,718 | -3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€225,356 | -€232,074 | -€6,718 | -3.0% |
| Amounts payable | 17/49 | €234,688 | €222,968 | -€11,720 | -5.0% |
| Amounts payable within one year | 42/48 | €234,688 | €222,968 | -€11,720 | -5.0% |
| Other amounts payable | 47/48 | - | €222,968 | +€222,968 | |
| Turnover | 70 | €11,433 | - | -€11,433 | |
| Other operating charges | 640/8 | - | €366 | +€366 | |
| Gross operating margin | 9900 | -€47,196 | -€179 | +€47,017 | +99.6% |
| Operating profit (loss) | 9901 | -€83,589 | -€545 | +€83,044 | +99.3% |
| Financial charges | 65/66B | - | €180 | +€180 | |
| Recurring financial charges | 65 | €362 | €180 | -€183 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | -€83,292 | -€725 | +€82,567 | +99.1% |
| Profit (loss) for the period | 9904 | -€83,292 | -€725 | +€82,567 | +99.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€83,292 | -€725 | +€82,567 | +99.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.