TEARS & SMILES: 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.
TEARS & SMILES
Largest movements
- Receivables after one year -€245,000
down €245,000 (-90.1%), from €272,000 to €27,000
- Cash +€185,338
up €185,338 (+1,669%), from €11,102 to €196,440
mainly Receivables after one year (+€245,000) and Net result for the year (+€8,571)
- Tangible fixed assets +€3,489
up €3,489 (+49.7%), from €7,021 to €10,510
of which Other tangible fixed assets: +€3,426
- Other debts -€54,489
down €54,489 (-93.7%), from €58,132 to €3,643
- Reserves +€8,571
up €8,571 (+3.5%), from €242,063 to €250,634
- Tax, wage and social debts -€4,964
down €4,964 (-53.2%), from €9,338 to €4,374
- Trade debts -€3,271
down €3,271 (-76.6%), from €4,271 to €1,000
- Gross operating margin -€26,279
down €26,279 (-68.0%), from €38,662 to €12,383
- Taxes -€8,733
down €8,733 (-65.2%), from €13,389 to €4,656
- Financial income -€4,495
down €4,495 (-55.2%), from €8,147 to €3,651
- Depreciation +€1,049
up €1,049 (+83.9%), from €1,250 to €2,299
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 | €319,994 | €264,907 | -€55,087 | -17.2% |
| Fixed assets | 21/28 | €7,271 | €10,760 | +€3,489 | +48.0% |
| Tangible fixed assets | 22/27 | €7,021 | €10,510 | +€3,489 | +49.7% |
| Plant, machinery and equipment | 23 | €1,311 | €767 | -€544 | -41.5% |
| Furniture and vehicles | 24 | €5,710 | €6,317 | +€607 | +10.6% |
| Other tangible fixed assets | 26 | - | €3,426 | +€3,426 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €312,723 | €254,148 | -€58,575 | -18.7% |
| Amounts receivable after more than one year | 29 | €272,000 | €27,000 | -€245,000 | -90.1% |
| Other amounts receivable | 291 | €272,000 | €27,000 | -€245,000 | -90.1% |
| Amounts receivable within one year | 40/41 | €28,083 | €26,150 | -€1,932 | -6.9% |
| Trade receivables | 40 | €16,552 | €14,195 | -€2,356 | -14.2% |
| Other amounts receivable | 41 | €11,531 | €11,955 | +€424 | +3.7% |
| Cash at bank and in hand | 54/58 | €11,102 | €196,440 | +€185,338 | +1,669% |
| Deferred charges and accrued income | 490/1 | €1,539 | €4,558 | +€3,019 | +196% |
| Total equity and liabilities | 10/49 | €319,994 | €264,907 | -€55,087 | -17.2% |
| Equity | 10/15 | €244,463 | €253,034 | +€8,571 | +3.5% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €242,063 | €250,634 | +€8,571 | +3.5% |
| Distributable reserves | 133 | €242,063 | €250,634 | +€8,571 | +3.5% |
| Amounts payable | 17/49 | €75,531 | €11,873 | -€63,658 | -84.3% |
| Amounts payable within one year | 42/48 | €71,741 | €9,017 | -€62,724 | -87.4% |
| Trade debts | 44 | €4,271 | €1,000 | -€3,271 | -76.6% |
| Suppliers | 440/4 | €4,271 | €1,000 | -€3,271 | -76.6% |
| Taxes, remuneration and social security | 45 | €9,338 | €4,374 | -€4,964 | -53.2% |
| Taxes | 450/3 | €9,338 | €4,374 | -€4,964 | -53.2% |
| Other amounts payable | 47/48 | €58,132 | €3,643 | -€54,489 | -93.7% |
| Accrued charges and deferred income | 492/3 | €3,790 | €2,856 | -€934 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,250 | €2,299 | +€1,049 | +83.9% |
| Other operating charges | 640/8 | €616 | €467 | -€150 | -24.3% |
| Gross operating margin | 9900 | €38,662 | €12,383 | -€26,279 | -68.0% |
| Operating profit (loss) | 9901 | €36,796 | €9,617 | -€27,179 | -73.9% |
| Financial income | 75/76B | €8,147 | €3,651 | -€4,495 | -55.2% |
| Recurring financial income | 75 | €8,147 | €3,651 | -€4,495 | -55.2% |
| Financial charges | 65/66B | €42 | €40 | -€1 | -2.9% |
| Recurring financial charges | 65 | €42 | €40 | -€1 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €44,901 | €13,228 | -€31,673 | -70.5% |
| Income taxes | 67/77 | €13,389 | €4,656 | -€8,733 | -65.2% |
| Profit (loss) for the period | 9904 | €31,512 | €8,571 | -€22,940 | -72.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,512 | €8,571 | -€22,940 | -72.8% |
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 18 October 2026 via checked.be.