Docteur Michaël SIMON: 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.
Docteur Michaël SIMON
Largest movements
- Receivables within one year -€17,632
down €17,632 (-88.2%), from €19,988 to €2,356
of which Trade receivables: -€10,581
- Cash +€1,731
up €1,731 (+2.3%), from €74,166 to €75,896
mainly Receivables within one year (+€17,632) and Net result for the year (+€7,637)
- Other debts -€15,215
down €15,215 (-57.5%), from €26,481 to €11,266
- Gross operating margin -€15,164
down €15,164 (-53.6%), from €28,303 to €13,139
- Turnover -€8,697
down €8,697 (-15.1%), from €57,741 to €49,044
- Purchases and services +€6,969
up €6,969 (+23.0%), from €30,339 to €37,309
- Taxes -€948
down €948 (-17.4%), from €5,457 to €4,508
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 | €96,464 | €79,799 | -€16,664 | -17.3% |
| Fixed assets | 21/28 | €1,537 | €1,288 | -€250 | -16.2% |
| Tangible fixed assets | 22/27 | €497 | €248 | -€250 | -50.2% |
| Furniture and vehicles | 24 | €497 | €248 | -€250 | -50.2% |
| Financial fixed assets | 28 | €1,040 | €1,040 | = | 0.0% |
| Current assets | 29/58 | €94,926 | €78,511 | -€16,415 | -17.3% |
| Amounts receivable within one year | 40/41 | €19,988 | €2,356 | -€17,632 | -88.2% |
| Trade receivables | 40 | €10,581 | €0 | -€10,581 | -100% |
| Other amounts receivable | 41 | €9,407 | €2,356 | -€7,051 | -75.0% |
| Cash at bank and in hand | 54/58 | €74,166 | €75,896 | +€1,731 | +2.3% |
| Deferred charges and accrued income | 490/1 | €772 | €259 | -€513 | -66.5% |
| Total equity and liabilities | 10/49 | €96,464 | €79,799 | -€16,664 | -17.3% |
| Equity | 10/15 | €67,582 | €67,582 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,982 | €48,982 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €47,122 | €47,122 | = | 0.0% |
| Amounts payable | 17/49 | €28,882 | €12,217 | -€16,664 | -57.7% |
| Amounts payable within one year | 42/48 | €27,280 | €11,544 | -€15,736 | -57.7% |
| Trade debts | 44 | €799 | €278 | -€521 | -65.2% |
| Suppliers | 440/4 | €799 | €278 | -€521 | -65.2% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €26,481 | €11,266 | -€15,215 | -57.5% |
| Accrued charges and deferred income | 492/3 | €1,602 | €673 | -€928 | -58.0% |
| Turnover | 70 | €57,741 | €49,044 | -€8,697 | -15.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €30,339 | €37,309 | +€6,969 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250 | €250 | = | 0.0% |
| Other operating charges | 640/8 | €656 | €620 | -€37 | -5.6% |
| Gross operating margin | 9900 | €28,303 | €13,139 | -€15,164 | -53.6% |
| Operating profit (loss) | 9901 | €27,397 | €12,270 | -€15,127 | -55.2% |
| Financial charges | 65/66B | €125 | €125 | = | 0.0% |
| Recurring financial charges | 65 | €125 | €125 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €27,273 | €12,145 | -€15,127 | -55.5% |
| Income taxes | 67/77 | €5,457 | €4,508 | -€948 | -17.4% |
| Profit (loss) for the period | 9904 | €21,816 | €7,637 | -€14,179 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,816 | €7,637 | -€14,179 | -65.0% |
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 22 October 2026 via checked.be.