Dr SIMON M-F: 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.
Dr SIMON M-F
Largest movements
- Tangible fixed assets +€204,302
up €204,302 (+269%), from €75,973 to €280,275
of which Land and buildings: +€204,937
- Cash +€42,196
up €42,196 (+25.9%), from €162,731 to €204,926
mainly Trade debts (+€127,149) and Net result for the year (+€93,132)
- Trade debts +€127,149
up €127,149 (+13,450%), from €945 to €128,094
- Profit (loss) carried forward +€92,299
up €92,299 (+46.5%), from €198,310 to €290,610
- Debts after one year +€19,489
new in 2025: €19,489
- Current portion of long-term debt +€8,310
new in 2025: €8,310
- Depreciation +€6,085
up €6,085 (+105%), from €5,775 to €11,860
- Financial charges +€3,057
up €3,057 (+128%), from €2,383 to €5,440
- Taxes -€2,463
down €2,463 (-8.9%), from €27,820 to €25,357
- Staff costs +€1,740
up €1,740 (+7.9%), from €21,940 to €23,681
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 | €238,704 | €485,839 | +€247,135 | +104% |
| Fixed assets | 21/28 | €75,973 | €280,275 | +€204,302 | +269% |
| Tangible fixed assets | 22/27 | €75,973 | €280,275 | +€204,302 | +269% |
| Land and buildings | 22 | €69,517 | €274,454 | +€204,937 | +295% |
| Plant, machinery and equipment | 23 | €4,568 | €3,051 | -€1,517 | -33.2% |
| Furniture and vehicles | 24 | €1,888 | €2,770 | +€882 | +46.7% |
| Current assets | 29/58 | €162,731 | €205,564 | +€42,833 | +26.3% |
| Cash at bank and in hand | 54/58 | €162,731 | €204,926 | +€42,196 | +25.9% |
| Deferred charges and accrued income | 490/1 | - | €637 | +€637 | |
| Total equity and liabilities | 10/49 | €238,704 | €485,839 | +€247,135 | +104% |
| Equity | 10/15 | €203,310 | €295,610 | +€92,299 | +45.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €198,310 | €290,610 | +€92,299 | +46.5% |
| Amounts payable | 17/49 | €35,393 | €190,229 | +€154,836 | +437% |
| Amounts payable after more than one year | 17 | - | €19,489 | +€19,489 | |
| Financial debts | 170/4 | - | €19,489 | +€19,489 | |
| Amounts payable within one year | 42/48 | €35,393 | €170,740 | +€135,347 | +382% |
| Current portion of amounts payable after more than one year | 42 | - | €8,310 | +€8,310 | |
| Trade debts | 44 | €945 | €128,094 | +€127,149 | +13,450% |
| Suppliers | 440/4 | €945 | €128,094 | +€127,149 | +13,450% |
| Taxes, remuneration and social security | 45 | €34,207 | €34,071 | -€135 | -0.4% |
| Taxes | 450/3 | €30,880 | €30,565 | -€315 | -1.0% |
| Remuneration and social security | 454/9 | €3,327 | €3,507 | +€180 | +5.4% |
| Other amounts payable | 47/48 | €241 | €264 | +€23 | +9.5% |
| Remuneration, social security and pensions | 62 | €21,940 | €23,681 | +€1,740 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,775 | €11,860 | +€6,085 | +105% |
| Other operating charges | 640/8 | €650 | €776 | +€127 | +19.5% |
| Gross operating margin | 9900 | €160,641 | €160,242 | -€399 | -0.2% |
| Operating profit (loss) | 9901 | €132,277 | €123,926 | -€8,351 | -6.3% |
| Financial income | 75/76B | €0 | €3 | +€3 | +30,000% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +30,000% |
| Financial charges | 65/66B | €2,383 | €5,440 | +€3,057 | +128% |
| Recurring financial charges | 65 | €2,383 | €5,440 | +€3,057 | +128% |
| Profit (loss) for the period before taxes | 9903 | €129,894 | €118,489 | -€11,405 | -8.8% |
| Income taxes | 67/77 | €27,820 | €25,357 | -€2,463 | -8.9% |
| Profit (loss) for the period | 9904 | €102,074 | €93,132 | -€8,942 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €102,074 | €93,132 | -€8,942 | -8.8% |
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 27 October 2026 via checked.be.