DR. WILLIAM SIMOENS: what changed
DR. WILLIAM SIMOENS
Largest movements
- Current investments +€127,100
up €127,100 (+6.0%), from €2.1m to €2.3m
- Cash +€60,498
up €60,498 (+53.7%), from €112,600 to €173,098
mainly Other debts (+€797,838) and Net result for the year (+€421,308)
- Receivables within one year -€59,071
down €59,071 (-31.5%), from €187,472 to €128,401
of which Other amounts receivable: -€59,071
- Tangible fixed assets -€55,850
down €55,850 (-19.3%), from €289,181 to €233,330
of which Land and buildings: -€53,134
- Other debts +€797,838
up €797,838 (+141%), from €566,295 to €1.4m
- Reserves -€727,280
down €727,280 (-34.2%), from €2.1m to €1.4m
- Gross operating margin +€249,621
up €249,621 (+81.6%), from €305,748 to €555,369
- Taxes +€86,701
up €86,701 (+124%), from €69,930 to €156,631
- Financial income +€77,392
up €77,392 (+234%), from €33,085 to €110,477
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,721,829 | €2,797,417 | +€75,588 | +2.8% |
| Fixed assets | 21/28 | €289,199 | €233,330 | -€55,869 | -19.3% |
| Tangible fixed assets | 22/27 | €289,181 | €233,330 | -€55,850 | -19.3% |
| Land and buildings | 22 | €273,360 | €220,226 | -€53,134 | -19.4% |
| Plant, machinery and equipment | 23 | €1,167 | €4,274 | +€3,108 | +266% |
| Furniture and vehicles | 24 | €14,654 | €8,830 | -€5,824 | -39.7% |
| Financial fixed assets | 28 | €19 | €0 | -€19 | -100% |
| Current assets | 29/58 | €2,432,630 | €2,564,087 | +€131,457 | +5.4% |
| Amounts receivable within one year | 40/41 | €187,472 | €128,401 | -€59,071 | -31.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €187,472 | €128,401 | -€59,071 | -31.5% |
| Current investments | 50/53 | €2,132,405 | €2,259,505 | +€127,100 | +6.0% |
| Cash at bank and in hand | 54/58 | €112,600 | €173,098 | +€60,498 | +53.7% |
| Deferred charges and accrued income | 490/1 | €153 | €3,083 | +€2,930 | +1,920% |
| Total equity and liabilities | 10/49 | €2,721,829 | €2,797,417 | +€75,588 | +2.8% |
| Equity | 10/15 | €2,142,623 | €1,415,343 | -€727,280 | -33.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,124,023 | €1,396,743 | -€727,280 | -34.2% |
| Distributable reserves | 133 | €2,124,023 | €1,396,743 | -€727,280 | -34.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €579,206 | €1,382,074 | +€802,868 | +139% |
| Amounts payable within one year | 42/48 | €579,206 | €1,382,074 | +€802,868 | +139% |
| Financial debts | 43 | €372 | €828 | +€457 | +123% |
| Credit institutions | 430/8 | €372 | €828 | +€457 | +123% |
| Trade debts | 44 | €12,539 | €17,113 | +€4,574 | +36.5% |
| Suppliers | 440/4 | €12,539 | €17,113 | +€4,574 | +36.5% |
| Other amounts payable | 47/48 | €566,295 | €1,364,133 | +€797,838 | +141% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,036 | €63,150 | -€2,886 | -4.4% |
| Other operating charges | 640/8 | €9,230 | €9,584 | +€354 | +3.8% |
| Gross operating margin | 9900 | €305,748 | €555,369 | +€249,621 | +81.6% |
| Operating profit (loss) | 9901 | €230,481 | €482,634 | +€252,153 | +109% |
| Financial income | 75/76B | €33,085 | €110,477 | +€77,392 | +234% |
| Recurring financial income | 75 | €33,085 | €110,477 | +€77,392 | +234% |
| Financial charges | 65/66B | €15,133 | €15,172 | +€39 | +0.3% |
| Recurring financial charges | 65 | €15,133 | €15,172 | +€39 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €248,434 | €577,939 | +€329,505 | +133% |
| Income taxes | 67/77 | €69,930 | €156,631 | +€86,701 | +124% |
| Profit (loss) for the period | 9904 | €178,503 | €421,308 | +€242,805 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €178,503 | €421,308 | +€242,805 | +136% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.