A-SIMO: 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.
A-SIMO
Largest movements
- Cash -€92,214
down €92,214 (-52.7%), from €174,953 to €82,739
mainly Net result for the year (-€83,922) and Tax, wage and social debts (-€18,977)
- Receivables within one year -€39,953
down €39,953 (-97.4%), from €41,018 to €1,066
of which Trade receivables: -€38,382
- Deferred charges and accrued income -€15,432
down €15,432 (-56.8%), from €27,177 to €11,745
- Stocks and contracts +€11,454
up €11,454 (+11.1%), from €103,440 to €114,893
- Reserves -€81,300
down €81,300 (-44.3%), from €183,386 to €102,086
- Tax, wage and social debts -€18,977
down €18,977 (-51.4%), from €36,889 to €17,912
of which Taxes: -€19,458
- Trade debts -€14,469
down €14,469 (-20.5%), from €70,576 to €56,107
- Accrued charges and deferred income -€13,302
down €13,302 (-80.0%), from €16,619 to €3,317
- Other debts -€6,083
down €6,083 (-31.7%), from €19,176 to €13,093
- Gross operating margin -€74,846
down €74,846, from €63,027 to -€11,819
- Staff costs +€11,550
up €11,550 (+22.9%), from €50,386 to €61,936
- Financial charges +€4,047
up €4,047 (+98.8%), from €4,098 to €8,146
- Taxes -€2,180
down €2,180 (-93.2%), from €2,339 to €159
- Other operating charges -€1,551
down €1,551 (-55.3%), from €2,807 to €1,255
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €347,868 | €211,115 | -€136,753 | -39.3% |
| Fixed assets | 21/28 | €1,279 | €672 | -€608 | -47.5% |
| Tangible fixed assets | 22/27 | €1,279 | €672 | -€608 | -47.5% |
| Plant, machinery and equipment | 23 | €972 | €672 | -€300 | -30.9% |
| Furniture and vehicles | 24 | €308 | - | -€308 | |
| Current assets | 29/58 | €346,589 | €210,443 | -€136,145 | -39.3% |
| Stocks and contracts in progress | 3 | €103,440 | €114,893 | +€11,454 | +11.1% |
| Stocks | 30/36 | €103,440 | €114,893 | +€11,454 | +11.1% |
| Amounts receivable within one year | 40/41 | €41,018 | €1,066 | -€39,953 | -97.4% |
| Trade receivables | 40 | €38,508 | €126 | -€38,382 | -99.7% |
| Other amounts receivable | 41 | €2,510 | €940 | -€1,570 | -62.6% |
| Cash at bank and in hand | 54/58 | €174,953 | €82,739 | -€92,214 | -52.7% |
| Deferred charges and accrued income | 490/1 | €27,177 | €11,745 | -€15,432 | -56.8% |
| Total equity and liabilities | 10/49 | €347,868 | €211,115 | -€136,753 | -39.3% |
| Equity | 10/15 | €204,608 | €120,686 | -€83,922 | -41.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €183,386 | €102,086 | -€81,300 | -44.3% |
| Distributable reserves | 133 | €183,386 | €102,086 | -€81,300 | -44.3% |
| Profit (loss) carried forward | 14 | €2,622 | - | -€2,622 | |
| Amounts payable | 17/49 | €143,260 | €90,429 | -€52,831 | -36.9% |
| Amounts payable within one year | 42/48 | €126,641 | €87,112 | -€39,529 | -31.2% |
| Trade debts | 44 | €70,576 | €56,107 | -€14,469 | -20.5% |
| Suppliers | 440/4 | €70,576 | €56,107 | -€14,469 | -20.5% |
| Taxes, remuneration and social security | 45 | €36,889 | €17,912 | -€18,977 | -51.4% |
| Taxes | 450/3 | €24,295 | €4,837 | -€19,458 | -80.1% |
| Remuneration and social security | 454/9 | €12,594 | €13,075 | +€481 | +3.8% |
| Other amounts payable | 47/48 | €19,176 | €13,093 | -€6,083 | -31.7% |
| Accrued charges and deferred income | 492/3 | €16,619 | €3,317 | -€13,302 | -80.0% |
| Non-recurring operating income | 76A | €820 | - | -€820 | |
| Remuneration, social security and pensions | 62 | €50,386 | €61,936 | +€11,550 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €780 | €608 | -€172 | -22.0% |
| Other operating charges | 640/8 | €2,807 | €1,255 | -€1,551 | -55.3% |
| Gross operating margin | 9900 | €63,027 | -€11,819 | -€74,846 | |
| Operating profit (loss) | 9901 | €9,054 | -€75,618 | -€84,673 | |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €4,098 | €8,146 | +€4,047 | +98.8% |
| Recurring financial charges | 65 | €4,098 | €8,146 | +€4,047 | +98.8% |
| Profit (loss) for the period before taxes | 9903 | €4,961 | -€83,764 | -€88,725 | |
| Income taxes | 67/77 | €2,339 | €159 | -€2,180 | -93.2% |
| Profit (loss) for the period | 9904 | €2,622 | -€83,922 | -€86,545 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,622 | -€83,922 | -€86,545 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.