DE GULDEN SIMME: 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.
DE GULDEN SIMME
Largest movements
- Cash +€33,133
up €33,133 (+18.1%), from €183,282 to €216,415
mainly Other debts (+€42,904) and Depreciation (+€40,118)
- Receivables within one year -€5,148
down €5,148 (-50.7%), from €10,148 to €5,000
of which Trade receivables: -€6,148
- Other debts +€42,904
up €42,904 (+27.8%), from €154,518 to €197,421
- Debts after one year -€33,226
no longer reported in 2025 (was €33,226)
of which Financial debts: -€30,644
- Reserves +€18,892
up €18,892 (+9.5%), from €198,733 to €217,625
of which Distributable reserves: +€18,892
- Gross operating margin -€16,346
down €16,346 (-16.1%), from €101,514 to €85,167
- Taxes -€6,918
down €6,918 (-42.2%), from €16,375 to €9,457
- Financial charges +€2,927
up €2,927 (+38.3%), from €7,634 to €10,561
- Other operating charges +€1,923
up €1,923 (+45.6%), from €4,216 to €6,139
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 | €441,754 | €467,691 | +€25,937 | +5.9% |
| Fixed assets | 21/28 | €246,322 | €243,706 | -€2,616 | -1.1% |
| Tangible fixed assets | 22/27 | €246,322 | €243,706 | -€2,616 | -1.1% |
| Land and buildings | 22 | €98,555 | €93,196 | -€5,359 | -5.4% |
| Plant, machinery and equipment | 23 | €29 | - | -€29 | |
| Other tangible fixed assets | 26 | €147,739 | €150,511 | +€2,772 | +1.9% |
| Current assets | 29/58 | €195,432 | €223,985 | +€28,553 | +14.6% |
| Amounts receivable within one year | 40/41 | €10,148 | €5,000 | -€5,148 | -50.7% |
| Trade receivables | 40 | €6,148 | - | -€6,148 | |
| Other amounts receivable | 41 | €4,000 | €5,000 | +€1,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €183,282 | €216,415 | +€33,133 | +18.1% |
| Deferred charges and accrued income | 490/1 | €2,002 | €2,570 | +€568 | +28.4% |
| Total equity and liabilities | 10/49 | €441,754 | €467,691 | +€25,937 | +5.9% |
| Equity | 10/15 | €236,150 | €255,042 | +€18,892 | +8.0% |
| Contributions | 10/11 | €21,071 | €21,071 | = | 0.0% |
| Reserves | 13 | €198,733 | €217,625 | +€18,892 | +9.5% |
| Non-distributable reserves | 130/1 | €2,107 | €2,107 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,107 | €2,107 | = | 0.0% |
| Distributable reserves | 133 | €196,626 | €215,518 | +€18,892 | +9.6% |
| Profit (loss) carried forward | 14 | €16,346 | €16,346 | = | 0.0% |
| Amounts payable | 17/49 | €205,604 | €212,649 | +€7,045 | +3.4% |
| Amounts payable after more than one year | 17 | €33,226 | - | -€33,226 | |
| Financial debts | 170/4 | €30,644 | - | -€30,644 | |
| Other amounts payable | 178/9 | €2,582 | - | -€2,582 | |
| Amounts payable within one year | 42/48 | €172,378 | €211,754 | +€39,376 | +22.8% |
| Trade debts | 44 | €2,042 | €500 | -€1,542 | -75.5% |
| Suppliers | 440/4 | €2,042 | €500 | -€1,542 | -75.5% |
| Taxes, remuneration and social security | 45 | €15,818 | €13,832 | -€1,986 | -12.6% |
| Taxes | 450/3 | €15,818 | €13,832 | -€1,986 | -12.6% |
| Other amounts payable | 47/48 | €154,518 | €197,421 | +€42,904 | +27.8% |
| Accrued charges and deferred income | 492/3 | - | €895 | +€895 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,374 | €40,118 | +€744 | +1.9% |
| Other operating charges | 640/8 | €4,216 | €6,139 | +€1,923 | +45.6% |
| Gross operating margin | 9900 | €101,514 | €85,167 | -€16,346 | -16.1% |
| Operating profit (loss) | 9901 | €57,923 | €38,910 | -€19,013 | -32.8% |
| Financial charges | 65/66B | €7,634 | €10,561 | +€2,927 | +38.3% |
| Recurring financial charges | 65 | €7,634 | €10,561 | +€2,927 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €50,289 | €28,349 | -€21,940 | -43.6% |
| Income taxes | 67/77 | €16,375 | €9,457 | -€6,918 | -42.2% |
| Profit (loss) for the period | 9904 | €33,914 | €18,892 | -€15,022 | -44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,914 | €18,892 | -€15,022 | -44.3% |
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 26 October 2026 via checked.be.