We Smile: 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.
We Smile
Largest movements
- Cash +€56,434
up €56,434 (+167%), from €33,744 to €90,178
mainly Net result for the year (+€60,175) and Accrued charges and deferred income (+€39,184)
- Receivables within one year +€36,484
up €36,484 (+63.9%), from €57,067 to €93,551
of which Trade receivables: +€63,851
- Tangible fixed assets +€34,549
up €34,549 (+1,042%), from €3,315 to €37,864
of which Furniture and vehicles: +€35,502
- Reserves +€60,175
up €60,175 (+437%), from €13,770 to €73,945
- Accrued charges and deferred income +€39,184
new in 2025: €39,184
- Trade debts +€24,228
up €24,228 (+974%), from €2,487 to €26,715
- Debts after one year +€15,783
new in 2025: €15,783
- Tax, wage and social debts -€11,678
down €11,678 (-71.0%), from €16,446 to €4,768
of which Taxes: -€10,978
- Gross operating margin +€67,417
up €67,417 (+177%), from €38,167 to €105,584
- Taxes +€11,033
up €11,033 (+195%), from €5,667 to €16,700
- Financial income -€8,413
down €8,413 (-100.0%), from €8,413 to €0
- Depreciation +€3,561
up €3,561 (+716%), from €497 to €4,059
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 | €94,126 | €222,524 | +€128,398 | +136% |
| Fixed assets | 21/28 | €3,315 | €37,864 | +€34,549 | +1,042% |
| Tangible fixed assets | 22/27 | €3,315 | €37,864 | +€34,549 | +1,042% |
| Plant, machinery and equipment | 23 | €3,315 | €2,362 | -€953 | -28.8% |
| Furniture and vehicles | 24 | - | €35,502 | +€35,502 | |
| Current assets | 29/58 | €90,810 | €184,659 | +€93,849 | +103% |
| Amounts receivable within one year | 40/41 | €57,067 | €93,551 | +€36,484 | +63.9% |
| Trade receivables | 40 | €26,400 | €90,251 | +€63,851 | +242% |
| Other amounts receivable | 41 | €30,667 | €3,300 | -€27,367 | -89.2% |
| Cash at bank and in hand | 54/58 | €33,744 | €90,178 | +€56,434 | +167% |
| Deferred charges and accrued income | 490/1 | - | €931 | +€931 | |
| Total equity and liabilities | 10/49 | €94,126 | €222,524 | +€128,398 | +136% |
| Equity | 10/15 | €28,770 | €88,945 | +€60,175 | +209% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €13,770 | €73,945 | +€60,175 | +437% |
| Distributable reserves | 133 | €13,770 | €73,945 | +€60,175 | +437% |
| Amounts payable | 17/49 | €65,355 | €133,579 | +€68,223 | +104% |
| Amounts payable after more than one year | 17 | - | €15,783 | +€15,783 | |
| Financial debts | 170/4 | - | €15,783 | +€15,783 | |
| Amounts payable within one year | 42/48 | €65,355 | €78,611 | +€13,256 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | - | €9,618 | +€9,618 | |
| Trade debts | 44 | €2,487 | €26,715 | +€24,228 | +974% |
| Suppliers | 440/4 | €2,487 | €26,715 | +€24,228 | +974% |
| Taxes, remuneration and social security | 45 | €16,446 | €4,768 | -€11,678 | -71.0% |
| Taxes | 450/3 | €15,746 | €4,768 | -€10,978 | -69.7% |
| Remuneration and social security | 454/9 | €700 | €0 | -€700 | -100% |
| Other amounts payable | 47/48 | €46,422 | €37,510 | -€8,912 | -19.2% |
| Accrued charges and deferred income | 492/3 | - | €39,184 | +€39,184 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €497 | €4,059 | +€3,561 | +716% |
| Other operating charges | 640/8 | €1,035 | €1,790 | +€755 | +73.0% |
| Non-recurring operating charges | 66A | €25,078 | €22,289 | -€2,789 | -11.1% |
| Gross operating margin | 9900 | €38,167 | €105,584 | +€67,417 | +177% |
| Operating profit (loss) | 9901 | €11,557 | €77,447 | +€65,890 | +570% |
| Financial income | 75/76B | €8,413 | €0 | -€8,413 | -100.0% |
| Recurring financial income | 75 | €8,413 | €0 | -€8,413 | -100.0% |
| Financial charges | 65/66B | €533 | €573 | +€40 | +7.4% |
| Recurring financial charges | 65 | €533 | €573 | +€40 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €19,437 | €76,875 | +€57,438 | +296% |
| Income taxes | 67/77 | €5,667 | €16,700 | +€11,033 | +195% |
| Profit (loss) for the period | 9904 | €13,770 | €60,175 | +€46,405 | +337% |
| Profit (loss) for the period to be appropriated | 9905 | €13,770 | €60,175 | +€46,405 | +337% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.