DR J.SIMONS: 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 J.SIMONS
Largest movements
- Cash +€63,024
up €63,024 (+32.6%), from €193,054 to €256,078
mainly Net result for the year (+€120,924) and Depreciation (+€41,842)
- Current investments +€50,000
new in 2025: €50,000
- Intangible fixed assets -€36,500
down €36,500 (-13.0%), from €279,800 to €243,300
- Receivables within one year +€16,834
up €16,834 (+30.1%), from €55,842 to €72,677
- Deferred charges and accrued income -€9,728
down €9,728 (-75.9%), from €12,815 to €3,087
- Profit (loss) carried forward +€120,924
up €120,924 (+201.5%), from €60,000 to €180,924
- Debts after one year -€34,630
down €34,630 (-12.3%), from €280,778 to €246,148
- Depreciation -€12,244
down €12,244 (-22.6%), from €54,087 to €41,842
- Gross operating margin -€4,379
down €4,379 (-2.1%), from €210,349 to €205,970
- Taxes -€2,471
down €2,471 (-6.8%), from €36,432 to €33,962
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 | €549,341 | €636,882 | +€87,541 | +15.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €287,630 | €255,041 | -€32,589 | -11.3% |
| Intangible fixed assets | 21 | €279,800 | €243,300 | -€36,500 | -13.0% |
| Tangible fixed assets | 22/27 | €7,830 | €11,741 | +€3,911 | +49.9% |
| Furniture and vehicles | 24 | €7,830 | €8,538 | +€708 | +9.0% |
| Other tangible fixed assets | 26 | - | €3,203 | +€3,203 | |
| Current assets | 29/58 | €261,711 | €381,841 | +€120,130 | +45.9% |
| Amounts receivable within one year | 40/41 | €55,842 | €72,677 | +€16,834 | +30.1% |
| Other amounts receivable | 41 | €55,842 | €72,677 | +€16,834 | +30.1% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €193,054 | €256,078 | +€63,024 | +32.6% |
| Deferred charges and accrued income | 490/1 | €12,815 | €3,087 | -€9,728 | -75.9% |
| Total equity and liabilities | 10/49 | €549,341 | €636,882 | +€87,541 | +15.9% |
| Equity | 10/15 | €230,816 | €351,740 | +€120,924 | +52.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €160,816 | €160,816 | = | 0.0% |
| Distributable reserves | 133 | €160,816 | €160,816 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,000 | €180,924 | +€120,924 | +201.5% |
| Amounts payable | 17/49 | €318,526 | €285,143 | -€33,383 | -10.5% |
| Amounts payable after more than one year | 17 | €280,778 | €246,148 | -€34,630 | -12.3% |
| Financial debts | 170/4 | €280,778 | €246,148 | -€34,630 | -12.3% |
| Amounts payable within one year | 42/48 | €37,682 | €38,928 | +€1,246 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €33,441 | €34,630 | +€1,189 | +3.6% |
| Trade debts | 44 | €3,225 | €3,281 | +€57 | +1.8% |
| Suppliers | 440/4 | €3,225 | €3,281 | +€57 | +1.8% |
| Taxes, remuneration and social security | 45 | €1,017 | €1,017 | = | 0.0% |
| Taxes | 450/3 | €1,017 | €1,017 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,087 | €41,842 | -€12,244 | -22.6% |
| Other operating charges | 640/8 | €534 | €501 | -€33 | -6.2% |
| Gross operating margin | 9900 | €210,349 | €205,970 | -€4,379 | -2.1% |
| Operating profit (loss) | 9901 | €155,728 | €163,627 | +€7,899 | +5.1% |
| Financial income | 75/76B | €1,386 | €1,924 | +€538 | +38.8% |
| Recurring financial income | 75 | €1,386 | €1,924 | +€538 | +38.8% |
| Financial charges | 65/66B | €11,761 | €10,666 | -€1,095 | -9.3% |
| Recurring financial charges | 65 | €11,761 | €10,666 | -€1,095 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €145,353 | €154,886 | +€9,532 | +6.6% |
| Income taxes | 67/77 | €36,432 | €33,962 | -€2,471 | -6.8% |
| Profit (loss) for the period | 9904 | €108,921 | €120,924 | +€12,003 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,921 | €120,924 | +€12,003 | +11.0% |
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 8 October 2026 via checked.be.