De Simz: 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 Simz
Largest movements
- Tangible fixed assets +€103,088
up €103,088 (+32.3%), from €318,699 to €421,788
of which Furniture and vehicles: +€144,129
- Receivables after one year -€62,500
down €62,500 (-64.1%), from €97,500 to €35,000
- Current investments +€40,000
new in 2025: €40,000
- Cash +€36,942
up €36,942 (+185%), from €19,978 to €56,919
mainly Depreciation (+€86,371) and Receivables after one year (+€62,500)
- Reserves +€57,572
up €57,572 (+188%), from €30,634 to €88,205
- Debts after one year +€42,044
up €42,044 (+11.0%), from €381,235 to €423,279
- Current portion of long-term debt +€19,788
up €19,788 (+73.7%), from €26,863 to €46,651
- Tax, wage and social debts +€18,278
up €18,278 (+99.8%), from €18,309 to €36,587
of which Taxes: +€16,950
- Trade debts -€10,163
down €10,163 (-44.1%), from €23,033 to €12,869
- Gross operating margin +€52,874
up €52,874 (+28.5%), from €185,260 to €238,134
- Depreciation +€19,669
up €19,669 (+29.5%), from €66,702 to €86,371
- Taxes +€14,560
up €14,560 (+106%), from €13,687 to €28,248
- Financial charges -€7,922
down €7,922 (-27.2%), from €29,122 to €21,200
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 | €456,527 | €582,900 | +€126,373 | +27.7% |
| Fixed assets | 21/28 | €322,195 | €424,283 | +€102,088 | +31.7% |
| Intangible fixed assets | 21 | €3,496 | €2,496 | -€1,000 | -28.6% |
| Tangible fixed assets | 22/27 | €318,699 | €421,788 | +€103,088 | +32.3% |
| Land and buildings | 22 | €184,276 | €163,614 | -€20,661 | -11.2% |
| Plant, machinery and equipment | 23 | €110,473 | €88,475 | -€21,998 | -19.9% |
| Furniture and vehicles | 24 | €23,950 | €168,079 | +€144,129 | +602% |
| Other tangible fixed assets | 26 | - | €1,619 | +€1,619 | |
| Current assets | 29/58 | €134,332 | €158,617 | +€24,285 | +18.1% |
| Amounts receivable after more than one year | 29 | €97,500 | €35,000 | -€62,500 | -64.1% |
| Other amounts receivable | 291 | €97,500 | €35,000 | -€62,500 | -64.1% |
| Stocks and contracts in progress | 3 | €6,091 | €8,203 | +€2,111 | +34.7% |
| Stocks | 30/36 | €6,091 | €8,203 | +€2,111 | +34.7% |
| Amounts receivable within one year | 40/41 | €9,040 | €14,660 | +€5,620 | +62.2% |
| Trade receivables | 40 | €6,295 | €505 | -€5,790 | -92.0% |
| Other amounts receivable | 41 | €2,745 | €14,155 | +€11,410 | +416% |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €19,978 | €56,919 | +€36,942 | +185% |
| Deferred charges and accrued income | 490/1 | €1,724 | €3,835 | +€2,112 | +123% |
| Total equity and liabilities | 10/49 | €456,527 | €582,900 | +€126,373 | +27.7% |
| Equity | 10/15 | €2,851 | €60,423 | +€57,572 | +2,019% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €30,634 | €88,205 | +€57,572 | +188% |
| Distributable reserves | 133 | €30,634 | €88,205 | +€57,572 | +188% |
| Profit (loss) carried forward | 14 | -€28,783 | -€28,783 | = | 0.0% |
| Amounts payable | 17/49 | €453,676 | €522,478 | +€68,802 | +15.2% |
| Amounts payable after more than one year | 17 | €381,235 | €423,279 | +€42,044 | +11.0% |
| Financial debts | 170/4 | €381,235 | €423,279 | +€42,044 | +11.0% |
| Amounts payable within one year | 42/48 | €70,458 | €96,287 | +€25,829 | +36.7% |
| Current portion of amounts payable after more than one year | 42 | €26,863 | €46,651 | +€19,788 | +73.7% |
| Trade debts | 44 | €23,033 | €12,869 | -€10,163 | -44.1% |
| Suppliers | 440/4 | €23,033 | €12,869 | -€10,163 | -44.1% |
| Advances received on contracts in progress | 46 | €50 | €180 | +€130 | +260% |
| Taxes, remuneration and social security | 45 | €18,309 | €36,587 | +€18,278 | +99.8% |
| Taxes | 450/3 | €14,280 | €31,231 | +€16,950 | +119% |
| Remuneration and social security | 454/9 | €4,029 | €5,356 | +€1,328 | +32.9% |
| Other amounts payable | 47/48 | €2,204 | - | -€2,204 | |
| Accrued charges and deferred income | 492/3 | €1,983 | €2,912 | +€928 | +46.8% |
| Remuneration, social security and pensions | 62 | €45,919 | €44,171 | -€1,748 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,702 | €86,371 | +€19,669 | +29.5% |
| Other operating charges | 640/8 | €4,380 | €3,528 | -€852 | -19.5% |
| Gross operating margin | 9900 | €185,260 | €238,134 | +€52,874 | +28.5% |
| Operating profit (loss) | 9901 | €68,259 | €104,065 | +€35,806 | +52.5% |
| Financial income | 75/76B | €5,184 | €2,954 | -€2,230 | -43.0% |
| Recurring financial income | 75 | €5,184 | €2,954 | -€2,230 | -43.0% |
| Financial charges | 65/66B | €29,122 | €21,200 | -€7,922 | -27.2% |
| Recurring financial charges | 65 | €29,122 | €21,200 | -€7,922 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €44,321 | €85,819 | +€41,498 | +93.6% |
| Income taxes | 67/77 | €13,687 | €28,248 | +€14,560 | +106% |
| Profit (loss) for the period | 9904 | €30,634 | €57,572 | +€26,938 | +87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,634 | €57,572 | +€26,938 | +87.9% |
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 18 October 2026 via checked.be.