Dr. 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. Simons
Largest movements
- Tangible fixed assets +€50,771
up €50,771 (+582.0%), from €8,723 to €59,495
of which Furniture and vehicles: +€51,853
- Current investments -€44,087
down €44,087 (-70.7%), from €62,397 to €18,310
- Cash +€5,182
up €5,182 (+10.2%), from €50,987 to €56,169
mainly Net result for the year (+€124,663) and Other debts (+€78,270)
- Reserves -€115,337
down €115,337 (-96.0%), from €120,173 to €4,836
- Other debts +€78,270
up €78,270 (+315.1%), from €24,839 to €103,109
- Debts after one year +€19,538
new in 2025: €19,538
- Tax, wage and social debts +€15,348
up €15,348 (+388.6%), from €3,949 to €19,297
- Current portion of long-term debt +€13,242
new in 2025: €13,242
- Gross operating margin +€14,488
up €14,488 (+9.0%), from €160,933 to €175,421
- Depreciation +€9,771
up €9,771 (+608.9%), from €1,605 to €11,376
- Financial income +€3,988
up €3,988 (+235.2%), from €1,696 to €5,684
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 | €151,602 | €163,301 | +€11,699 | +7.7% |
| Fixed assets | 21/28 | €8,723 | €59,495 | +€50,771 | +582.0% |
| Tangible fixed assets | 22/27 | €8,723 | €59,495 | +€50,771 | +582.0% |
| Plant, machinery and equipment | 23 | €4,003 | €2,921 | -€1,082 | -27.0% |
| Furniture and vehicles | 24 | €4,721 | €56,574 | +€51,853 | +1098.4% |
| Current assets | 29/58 | €142,879 | €103,806 | -€39,073 | -27.3% |
| Amounts receivable within one year | 40/41 | €29,495 | €29,327 | -€168 | -0.6% |
| Trade receivables | 40 | €29,495 | €27,717 | -€1,778 | -6.0% |
| Other amounts receivable | 41 | - | €1,611 | +€1,611 | |
| Current investments | 50/53 | €62,397 | €18,310 | -€44,087 | -70.7% |
| Cash at bank and in hand | 54/58 | €50,987 | €56,169 | +€5,182 | +10.2% |
| Total equity and liabilities | 10/49 | €151,602 | €163,301 | +€11,699 | +7.7% |
| Equity | 10/15 | €122,673 | €7,336 | -€115,337 | -94.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €120,173 | €4,836 | -€115,337 | -96.0% |
| Distributable reserves | 133 | €120,173 | €4,836 | -€115,337 | -96.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,929 | €155,965 | +€127,036 | +439.1% |
| Amounts payable after more than one year | 17 | - | €19,538 | +€19,538 | |
| Financial debts | 170/4 | - | €19,538 | +€19,538 | |
| Amounts payable within one year | 42/48 | €28,929 | €136,427 | +€107,498 | +371.6% |
| Current portion of amounts payable after more than one year | 42 | - | €13,242 | +€13,242 | |
| Trade debts | 44 | €141 | €779 | +€639 | +453.7% |
| Suppliers | 440/4 | €141 | €779 | +€639 | +453.7% |
| Taxes, remuneration and social security | 45 | €3,949 | €19,297 | +€15,348 | +388.6% |
| Taxes | 450/3 | €3,949 | €19,297 | +€15,348 | +388.6% |
| Other amounts payable | 47/48 | €24,839 | €103,109 | +€78,270 | +315.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,605 | €11,376 | +€9,771 | +608.9% |
| Other operating charges | 640/8 | €1,537 | €1,269 | -€267 | -17.4% |
| Gross operating margin | 9900 | €160,933 | €175,421 | +€14,488 | +9.0% |
| Operating profit (loss) | 9901 | €157,792 | €162,776 | +€4,984 | +3.2% |
| Financial income | 75/76B | €1,696 | €5,684 | +€3,988 | +235.2% |
| Recurring financial income | 75 | €1,696 | €5,684 | +€3,988 | +235.2% |
| Financial charges | 65/66B | €2,952 | €2,676 | -€276 | -9.3% |
| Recurring financial charges | 65 | €2,952 | €2,676 | -€276 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €156,536 | €165,784 | +€9,248 | +5.9% |
| Income taxes | 67/77 | €39,396 | €41,122 | +€1,726 | +4.4% |
| Profit (loss) for the period | 9904 | €117,141 | €124,663 | +€7,522 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €117,141 | €124,663 | +€7,522 | +6.4% |
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 28 September 2026 via checked.be.