BOURSIMMO: 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.
BOURSIMMO
Largest movements
- Current investments +€774,545
up €774,545 (+24.2%), from €3.2m to €4.0m
- Cash -€204,991
down €204,991 (-86.5%), from €237,086 to €32,095
mainly Current investments (-€774,545) and Investment in fixed assets (net) (-€36,282)
- Reserves +€529,382
up €529,382 (+57.7%), from €918,086 to €1.4m
of which Distributable reserves: +€507,787
- Financial charges -€199,768
down €199,768 (-98.0%), from €203,799 to €4,031
- Taxes +€72,524
up €72,524 (+43.9%), from €165,370 to €237,894
- Staff costs -€56,063
no longer reported in 2025 (was €56,063)
- Financial income +€31,205
up €31,205 (+4.1%), from €755,510 to €786,715
- Gross operating margin +€7,106
up €7,106, from -€1,873 to €5,233
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 | €3,791,448 | €4,381,783 | +€590,335 | +15.6% |
| Fixed assets | 21/28 | €349,479 | €369,804 | +€20,324 | +5.8% |
| Tangible fixed assets | 22/27 | €349,479 | €369,804 | +€20,324 | +5.8% |
| Land and buildings | 22 | €349,479 | €338,964 | -€10,516 | -3.0% |
| Furniture and vehicles | 24 | - | €30,840 | +€30,840 | |
| Current assets | 29/58 | €3,441,969 | €4,011,979 | +€570,011 | +16.6% |
| Current investments | 50/53 | €3,202,363 | €3,976,907 | +€774,545 | +24.2% |
| Cash at bank and in hand | 54/58 | €237,086 | €32,095 | -€204,991 | -86.5% |
| Deferred charges and accrued income | 490/1 | €2,521 | €2,977 | +€457 | +18.1% |
| Total equity and liabilities | 10/49 | €3,791,448 | €4,381,783 | +€590,335 | +15.6% |
| Equity | 10/15 | €3,695,366 | €4,224,747 | +€529,382 | +14.3% |
| Contributions | 10/11 | €2,777,280 | €2,777,280 | = | 0.0% |
| Capital | 10 | €2,777,280 | €2,777,280 | = | 0.0% |
| Issued capital | 100 | €2,777,280 | €2,777,280 | = | 0.0% |
| Reserves | 13 | €918,086 | €1,447,467 | +€529,382 | +57.7% |
| Non-distributable reserves | 130/1 | €128,829 | €155,829 | +€27,000 | +21.0% |
| Legal reserve | 130 | €128,829 | €155,829 | +€27,000 | +21.0% |
| Tax-exempt reserves | 132 | €126,128 | €120,723 | -€5,406 | -4.3% |
| Distributable reserves | 133 | €663,128 | €1,170,916 | +€507,787 | +76.6% |
| Provisions and deferred taxes | 16 | €64,946 | €62,163 | -€2,783 | -4.3% |
| Deferred taxes | 168 | €64,946 | €62,163 | -€2,783 | -4.3% |
| Amounts payable | 17/49 | €31,136 | €94,873 | +€63,737 | +204.7% |
| Amounts payable after more than one year | 17 | - | €24,317 | +€24,317 | |
| Other amounts payable | 178/9 | - | €24,317 | +€24,317 | |
| Amounts payable within one year | 42/48 | €28,976 | €68,317 | +€39,341 | +135.8% |
| Current portion of amounts payable after more than one year | 42 | - | €6,931 | +€6,931 | |
| Trade debts | 44 | €5,056 | €7,592 | +€2,536 | +50.1% |
| Suppliers | 440/4 | €5,056 | €7,592 | +€2,536 | +50.1% |
| Taxes, remuneration and social security | 45 | €23,919 | €53,794 | +€29,875 | +124.9% |
| Taxes | 450/3 | €23,919 | €53,794 | +€29,875 | +124.9% |
| Accrued charges and deferred income | 492/3 | €2,161 | €2,239 | +€78 | +3.6% |
| Remuneration, social security and pensions | 62 | €56,063 | - | -€56,063 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,516 | €15,958 | +€5,442 | +51.8% |
| Other operating charges | 640/8 | €7,532 | €6,415 | -€1,117 | -14.8% |
| Gross operating margin | 9900 | -€1,873 | €5,233 | +€7,106 | |
| Operating profit (loss) | 9901 | -€75,984 | -€17,140 | +€58,844 | +77.4% |
| Financial income | 75/76B | €755,510 | €786,715 | +€31,205 | +4.1% |
| Recurring financial income | 75 | €755,510 | €786,715 | +€31,205 | +4.1% |
| Financial charges | 65/66B | €203,799 | €4,031 | -€199,768 | -98.0% |
| Recurring financial charges | 65 | €203,799 | €4,031 | -€199,768 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | €475,727 | €765,544 | +€289,817 | +60.9% |
| Transfer from deferred taxes | 780 | €2,783 | €2,783 | = | 0.0% |
| Income taxes | 67/77 | €165,370 | €237,894 | +€72,524 | +43.9% |
| Profit (loss) for the period | 9904 | €313,140 | €530,434 | +€217,293 | +69.4% |
| Transfer from tax-exempt reserves | 789 | €5,406 | €5,406 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €318,546 | €535,839 | +€217,293 | +68.2% |
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 11 October 2026 via checked.be.