Etablissements SIMONIS S.: 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.
What changed
Etablissements SIMONIS S.
NACE 38.210, Materials recovery from waste
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€422,746
2024 · €124,186+€298,560
Equity
€2.3m
2024 · €2.1m+€206,261
Cash
€35,585
2024 · €26,599+€8,986
Balance sheet total
€6.0m
2024 · €6.7m-€763,637
Largest movements
Assets
- Tangible fixed assets -€447,267
down €447,267 (-39.0%), from €1.1m to €700,952
of which Land and buildings: -€268,843
- Receivables within one year -€169,778
down €169,778 (-4.0%), from €4.3m to €4.1m
of which Trade receivables: -€170,713
- Stocks and contracts -€142,835
down €142,835 (-12.0%), from €1.2m to €1.0m
Equity and liabilities
- Short-term financial debts -€859,450
down €859,450 (-62.8%), from €1.4m to €510,150
- Reserves +€362,887
up €362,887 (+431%), from €84,102 to €446,989
of which Tax-exempt reserves: +€362,887
- Revaluation surpluses -€175,000
down €175,000 (-100%), from €175,000 to €0
- Trade debts -€164,010
down €164,010 (-11.0%), from €1.5m to €1.3m
- Provisions +€120,962
up €120,962, from €0 to €120,962
Income statement
- Financial income +€486,959
up €486,959 (+360%), from €135,082 to €622,041
of which Non-recurring financial income: +€493,055
- Gross operating margin -€147,863
down €147,863 (-13.6%), from €1.1m to €937,528
- Staff costs -€76,260
down €76,260 (-14.0%), from €543,140 to €466,881
- Other operating charges -€34,785
down €34,785 (-68.8%), from €50,528 to €15,743
- Depreciation -€20,111
down €20,111 (-6.6%), from €305,044 to €284,933
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.
Result 2024
€124,186
Gross operating margin
-€147,863
Staff costs
+€76,260
Depreciation
+€20,111
Other operating charges
+€34,785
Other operating items
-€72,425
Financial income
+€486,959
Financial charges
+€19,548
Taxes
+€2,959
Deferred taxes and other
-€121,774
Result 2025
€422,746
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€946,997
Investment
+€163,786
Financing
-€1.1m
Cash 2024
€26,599
From operations (derived)
+€946,997
Net result for the year
+€422,746
Depreciation
+€284,933
Stocks and contracts
+€142,835
Receivables within one year
+€169,778
Deferred charges and accrued income
+€11,289
Provisions
+€120,962
Trade debts
-€164,010
Tax, wage and social debts
+€914
Advances received
-€19,965
Other debts
-€11,309
Accrued charges and deferred income
-€11,178
Investment (derived)
+€163,786
Investment in fixed assets (net)
+€163,786
Financing
-€1.1m
Debts after one year
+€23,574
Current portion of long-term debt
-€49,437
Short-term financial debts
-€859,450
Contributions, distributions and other
-€216,484
Cash 2025
€35,585
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,723,405 | €5,959,768 | -€763,637 | -11.4% |
| Fixed assets | 21/28 | €1,175,073 | €726,354 | -€448,720 | -38.2% |
| Intangible fixed assets | 21 | €26,584 | €25,132 | -€1,453 | -5.5% |
| Tangible fixed assets | 22/27 | €1,148,219 | €700,952 | -€447,267 | -39.0% |
| Land and buildings | 22 | €409,468 | €140,625 | -€268,843 | -65.7% |
| Plant, machinery and equipment | 23 | €344,321 | €257,101 | -€87,220 | -25.3% |
| Furniture and vehicles | 24 | €46,876 | €49,413 | +€2,537 | +5.4% |
| Leasing and similar rights | 25 | €312,011 | €154,222 | -€157,788 | -50.6% |
| Other tangible fixed assets | 26 | €35,543 | €99,591 | +€64,049 | +180% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €5,548,331 | €5,233,414 | -€314,917 | -5.7% |
| Stocks and contracts in progress | 3 | €1,190,905 | €1,048,070 | -€142,835 | -12.0% |
| Stocks | 30/36 | €1,190,905 | €1,048,070 | -€142,835 | -12.0% |
| Amounts receivable within one year | 40/41 | €4,294,076 | €4,124,298 | -€169,778 | -4.0% |
| Trade receivables | 40 | €961,302 | €790,589 | -€170,713 | -17.8% |
| Other amounts receivable | 41 | €3,332,774 | €3,333,709 | +€935 | 0.0% |
| Cash at bank and in hand | 54/58 | €26,599 | €35,585 | +€8,986 | +33.8% |
| Deferred charges and accrued income | 490/1 | €36,751 | €25,462 | -€11,289 | -30.7% |
| Total equity and liabilities | 10/49 | €6,723,405 | €5,959,768 | -€763,637 | -11.4% |
| Equity | 10/15 | €2,103,515 | €2,309,777 | +€206,261 | +9.8% |
| Contributions | 10/11 | €117,405 | €117,405 | = | 0.0% |
| Capital | 10 | €117,405 | €117,405 | = | 0.0% |
| Issued capital | 100 | €117,405 | €117,405 | = | 0.0% |
| Revaluation surpluses | 12 | €175,000 | €0 | -€175,000 | -100% |
| Reserves | 13 | €84,102 | €446,989 | +€362,887 | +431% |
| Non-distributable reserves | 130/1 | €11,741 | €11,741 | = | 0.0% |
| Legal reserve | 130 | €11,741 | €11,741 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | €362,887 | +€362,887 | |
| Distributable reserves | 133 | €72,361 | €72,361 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,716,868 | €1,736,726 | +€19,858 | +1.2% |
| Investment grants | 15 | €10,140 | €8,656 | -€1,484 | -14.6% |
| Provisions and deferred taxes | 16 | €0 | €120,962 | +€120,962 | |
| Deferred taxes | 168 | €0 | €120,962 | +€120,962 | |
| Amounts payable | 17/49 | €4,619,889 | €3,529,029 | -€1.1m | -23.6% |
| Amounts payable after more than one year | 17 | €1,064,180 | €1,087,754 | +€23,574 | +2.2% |
| Financial debts | 170/4 | €1,064,180 | €1,087,754 | +€23,574 | +2.2% |
| Amounts payable within one year | 42/48 | €3,537,497 | €2,434,240 | -€1.1m | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €336,257 | €286,820 | -€49,437 | -14.7% |
| Financial debts | 43 | €1,369,600 | €510,150 | -€859,450 | -62.8% |
| Credit institutions | 430/8 | €1,369,600 | €510,150 | -€859,450 | -62.8% |
| Trade debts | 44 | €1,490,644 | €1,326,634 | -€164,010 | -11.0% |
| Suppliers | 440/4 | €1,490,644 | €1,326,634 | -€164,010 | -11.0% |
| Advances received on contracts in progress | 46 | €19,965 | €0 | -€19,965 | -100% |
| Taxes, remuneration and social security | 45 | €42,661 | €43,576 | +€914 | +2.1% |
| Taxes | 450/3 | €6,655 | €7,563 | +€908 | +13.6% |
| Remuneration and social security | 454/9 | €36,007 | €36,013 | +€6 | 0.0% |
| Other amounts payable | 47/48 | €278,370 | €267,061 | -€11,309 | -4.1% |
| Accrued charges and deferred income | 492/3 | €18,212 | €7,035 | -€11,178 | -61.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €543,140 | €466,881 | -€76,260 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305,044 | €284,933 | -€20,111 | -6.6% |
| Other operating charges | 640/8 | €50,528 | €15,743 | -€34,785 | -68.8% |
| Non-recurring operating charges | 66A | - | €72,425 | +€72,425 | |
| Gross operating margin | 9900 | €1,085,391 | €937,528 | -€147,863 | -13.6% |
| Operating profit (loss) | 9901 | €186,679 | €97,546 | -€89,133 | -47.7% |
| Financial income | 75/76B | €135,082 | €622,041 | +€486,959 | +360% |
| Recurring financial income | 75 | €135,082 | €128,986 | -€6,096 | -4.5% |
| Non-recurring financial income | 76B | - | €493,055 | +€493,055 | |
| Financial charges | 65/66B | €195,427 | €175,879 | -€19,548 | -10.0% |
| Recurring financial charges | 65 | €195,427 | €175,879 | -€19,548 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €126,334 | €543,708 | +€417,374 | +330% |
| Transfer from deferred taxes | 780 | €811 | €2,301 | +€1,490 | +184% |
| Transfer to deferred taxes | 680 | - | €123,264 | +€123,264 | |
| Income taxes | 67/77 | €2,959 | €0 | -€2,959 | -100% |
| Profit (loss) for the period | 9904 | €124,186 | €422,746 | +€298,560 | +240% |
| Transfer from tax-exempt reserves | 789 | €1,575 | €6,904 | +€5,329 | +338% |
| Transfer to tax-exempt reserves | 689 | - | €369,791 | +€369,791 | |
| Profit (loss) for the period to be appropriated | 9905 | €125,761 | €59,858 | -€65,903 | -52.4% |
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 22 October 2026 via checked.be.