What changed?
Two fiscal 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.
Nok Smile
Largest movements
- Cash +€75,685
up €75,685 (+192.1%), from €39,397 to €115,082
mainly Net result for the year (+€113,627) and Tax, wage and social debts (+€40,249)
- Receivables within one year +€54,542
up €54,542 (+220.2%), from €24,769 to €79,311
of which Other amounts receivable: +€74,542
- Profit (loss) carried forward +€113,627
up €113,627 (+170.2%), from €66,780 to €180,406
- Tax, wage and social debts +€40,249
up €40,249 (+143.4%), from €28,074 to €68,323
of which Taxes: +€39,877
- Debts after one year -€27,000
down €27,000 (-11.3%), from €238,500 to €211,500
- Gross operating margin +€91,458
up €91,458 (+130.7%), from €69,969 to €161,427
- Taxes +€21,950
up €21,950 (+112.8%), from €19,457 to €41,407
- Financial charges +€5,951
up €5,951 (+403.7%), from €1,474 to €7,426
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.
Cash bridge derived
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 | €370,107 | €495,909 | +€125,802 | +34.0% |
| Fixed assets | 21/28 | €301,941 | €301,268 | -€673 | -0.2% |
| Tangible fixed assets | 22/27 | €2,941 | €2,268 | -€673 | -22.9% |
| Plant, machinery and equipment | 23 | €2,941 | €2,268 | -€673 | -22.9% |
| Financial fixed assets | 28 | €299,000 | €299,000 | = | 0.0% |
| Current assets | 29/58 | €68,166 | €194,641 | +€126,475 | +185.5% |
| Amounts receivable within one year | 40/41 | €24,769 | €79,311 | +€54,542 | +220.2% |
| Trade receivables | 40 | €20,000 | €0 | -€20,000 | -100.0% |
| Other amounts receivable | 41 | €4,769 | €79,311 | +€74,542 | +1562.9% |
| Cash at bank and in hand | 54/58 | €39,397 | €115,082 | +€75,685 | +192.1% |
| Deferred charges and accrued income | 490/1 | €4,000 | €248 | -€3,752 | -93.8% |
| Total equity and liabilities | 10/49 | €370,107 | €495,909 | +€125,802 | +34.0% |
| Equity | 10/15 | €68,780 | €182,406 | +€113,627 | +165.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,780 | €180,406 | +€113,627 | +170.2% |
| Amounts payable | 17/49 | €301,327 | €313,502 | +€12,175 | +4.0% |
| Amounts payable after more than one year | 17 | €238,500 | €211,500 | -€27,000 | -11.3% |
| Financial debts | 170/4 | €238,500 | €211,500 | -€27,000 | -11.3% |
| Amounts payable within one year | 42/48 | €62,119 | €102,002 | +€39,883 | +64.2% |
| Current portion of amounts payable after more than one year | 42 | €29,250 | €29,250 | = | 0.0% |
| Trade debts | 44 | €4,795 | €4,429 | -€365 | -7.6% |
| Suppliers | 440/4 | €4,795 | €4,429 | -€365 | -7.6% |
| Taxes, remuneration and social security | 45 | €28,074 | €68,323 | +€40,249 | +143.4% |
| Taxes | 450/3 | €26,096 | €65,973 | +€39,877 | +152.8% |
| Remuneration and social security | 454/9 | €1,978 | €2,350 | +€372 | +18.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €708 | €0 | -€708 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €423 | €673 | +€250 | +59.1% |
| Gross operating margin | 9900 | €69,969 | €161,427 | +€91,458 | +130.7% |
| Operating profit (loss) | 9901 | €69,546 | €160,754 | +€91,208 | +131.1% |
| Financial income | 75/76B | €654 | €1,706 | +€1,052 | +160.8% |
| Recurring financial income | 75 | €654 | €1,706 | +€1,052 | +160.8% |
| Financial charges | 65/66B | €1,474 | €7,426 | +€5,951 | +403.7% |
| Recurring financial charges | 65 | €1,474 | €7,426 | +€5,951 | +403.7% |
| Profit (loss) for the period before taxes | 9903 | €68,725 | €155,034 | +€86,309 | +125.6% |
| Income taxes | 67/77 | €19,457 | €41,407 | +€21,950 | +112.8% |
| Profit (loss) for the period | 9904 | €49,268 | €113,627 | +€64,358 | +130.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,268 | €113,627 | +€64,358 | +130.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 September 2026 via checked.be.