DR. C. SIMOENS: what changed
Two fiscal 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.
DR. C. SIMOENS
Largest movements
- Current investments +€157,489
up €157,489 (+31.7%), from €497,000 to €654,489
- Cash +€33,115
up €33,115 (+14.2%), from €233,273 to €266,388
mainly Net result for the year (+€119,849) and Provisions (+€75,421)
- Receivables within one year +€9,998
up €9,998 (+1764.9%), from €567 to €10,565
of which Other amounts receivable: +€10,425
- Reserves +€81,587
up €81,587 (+13.2%), from €618,667 to €700,254
of which Distributable reserves: +€81,587
- Provisions +€75,421
new in 2025: €75,421
- Tax, wage and social debts +€36,513
up €36,513 (+62.4%), from €58,494 to €95,007
of which Taxes: +€39,513
- Provisions +€75,421
new in 2025: €75,421
- Gross operating margin +€11,812
up €11,812 (+4.5%), from €260,828 to €272,640
- Financial income +€9,128
up €9,128 (+1976.1%), from €462 to €9,590
- Financial charges -€3,277
down €3,277 (-94.1%), from €3,484 to €207
of which Non-recurring financial charges: -€3,239
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 | €737,906 | €940,328 | +€202,422 | +27.4% |
| Fixed assets | 21/28 | €4,454 | €3,401 | -€1,054 | -23.7% |
| Tangible fixed assets | 22/27 | €4,374 | €3,321 | -€1,054 | -24.1% |
| Plant, machinery and equipment | 23 | €250 | - | -€250 | |
| Furniture and vehicles | 24 | €187 | €115 | -€72 | -38.3% |
| Other tangible fixed assets | 26 | €3,938 | €3,206 | -€732 | -18.6% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €733,451 | €936,927 | +€203,476 | +27.7% |
| Amounts receivable within one year | 40/41 | €567 | €10,565 | +€9,998 | +1764.9% |
| Trade receivables | 40 | €567 | €140 | -€427 | -75.3% |
| Other amounts receivable | 41 | - | €10,425 | +€10,425 | |
| Current investments | 50/53 | €497,000 | €654,489 | +€157,489 | +31.7% |
| Cash at bank and in hand | 54/58 | €233,273 | €266,388 | +€33,115 | +14.2% |
| Deferred charges and accrued income | 490/1 | €2,612 | €5,486 | +€2,874 | +110.0% |
| Total equity and liabilities | 10/49 | €737,906 | €940,328 | +€202,422 | +27.4% |
| Equity | 10/15 | €637,267 | €718,854 | +€81,587 | +12.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €618,667 | €700,254 | +€81,587 | +13.2% |
| Tax-exempt reserves | 132 | €22,665 | €22,665 | = | 0.0% |
| Distributable reserves | 133 | €596,003 | €677,590 | +€81,587 | +13.7% |
| Provisions and deferred taxes | 16 | - | €75,421 | +€75,421 | |
| Deferred taxes | 168 | - | €75,421 | +€75,421 | |
| Amounts payable | 17/49 | €100,639 | €146,053 | +€45,414 | +45.1% |
| Amounts payable within one year | 42/48 | €96,483 | €141,897 | +€45,414 | +47.1% |
| Trade debts | 44 | €8,966 | €10,541 | +€1,575 | +17.6% |
| Suppliers | 440/4 | €8,966 | €10,541 | +€1,575 | +17.6% |
| Taxes, remuneration and social security | 45 | €58,494 | €95,007 | +€36,513 | +62.4% |
| Taxes | 450/3 | €52,494 | €92,007 | +€39,513 | +75.3% |
| Remuneration and social security | 454/9 | €6,000 | €3,000 | -€3,000 | -50.0% |
| Other amounts payable | 47/48 | €29,023 | €36,349 | +€7,326 | +25.2% |
| Accrued charges and deferred income | 492/3 | €4,156 | €4,156 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,186 | €1,054 | -€133 | -11.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €75,421 | +€75,421 | |
| Other operating charges | 640/8 | €1,174 | €1,210 | +€36 | +3.1% |
| Gross operating margin | 9900 | €260,828 | €272,640 | +€11,812 | +4.5% |
| Operating profit (loss) | 9901 | €258,468 | €194,955 | -€63,513 | -24.6% |
| Financial income | 75/76B | €462 | €9,590 | +€9,128 | +1976.1% |
| Recurring financial income | 75 | €462 | €9,590 | +€9,128 | +1976.1% |
| Financial charges | 65/66B | €3,484 | €207 | -€3,277 | -94.1% |
| Recurring financial charges | 65 | €192 | €154 | -€38 | -19.6% |
| Non-recurring financial charges | 66B | €3,292 | €53 | -€3,239 | -98.4% |
| Profit (loss) for the period before taxes | 9903 | €255,446 | €204,338 | -€51,108 | -20.0% |
| Income taxes | 67/77 | €82,937 | €84,489 | +€1,552 | +1.9% |
| Profit (loss) for the period | 9904 | €172,509 | €119,849 | -€52,660 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €172,509 | €119,849 | -€52,660 | -30.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.