Ets SIMON: 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.
What changed
Ets SIMON
NACE 47.526, Retail trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€9,075
2024 · -€169,406+€178,480
Equity
€3.2m
2024 · €3.2m+€7,725
Cash
€590,279
2024 · €1.1m-€505,246
Balance sheet total
€4.4m
2024 · €5.4m-€1.0m
Largest movements
Assets
- Cash -€505,246
down €505,246 (-46.1%), from €1.1m to €590,279
mainly Trade debts (-€1.0m) and Investment in fixed assets (net) (-€44,723)
- Receivables within one year -€397,923
down €397,923 (-11.0%), from €3.6m to €3.2m
of which Trade receivables: -€469,124
- Tangible fixed assets -€118,674
down €118,674 (-18.3%), from €650,250 to €531,575
Equity and liabilities
- Trade debts -€1.0m
down €1.0m (-51.7%), from €2.0m to €972,585
Income statement
- Turnover -€3.7m
down €3.7m (-28.9%), from €12.8m to €9.1m
- Goods and materials -€3.4m
down €3.4m (-33.2%), from €10.3m to €6.9m
of which Change in stocks: decrease (increase): -€1.8m
- Services and other goods -€395,182
down €395,182 (-27.1%), from €1.5m to €1.1m
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
-€169,406
Turnover
-€3.7m
Other operating income
-€10,971
Goods and materials
+€3.4m
Services and other goods
+€395,182
Staff costs
+€32,891
Depreciation
+€14,742
Write-downs
+€85,209
Other operating charges
-€37,275
Other operating items
+€11,489
Financial income
-€4,797
Financial charges
-€21,650
Taxes
-€1,032
Result 2025
€9,075
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.
From operations
-€417,078
Investment
-€44,685
Financing
-€43,482
Cash 2024
€1.1m
From operations (derived)
-€417,078
Net result for the year
+€9,075
Depreciation
+€159,776
Receivables within one year
+€397,923
Smaller working-capital items
+€3,085
Trade debts
-€1.0m
Tax, wage and social debts
+€50,221
Advances received
+€2,888
Investment (derived)
-€44,685
Investment in fixed assets (net)
-€44,723
Current investments
+€38
Financing
-€43,482
Debts after one year
-€11,107
Current portion of long-term debt
-€31,025
Contributions, distributions and other
-€1,350
Cash 2025
€590,279
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,398,164 | €4,378,642 | -€1.0m | -18.9% |
| Fixed assets | 21/28 | €664,255 | €549,202 | -€115,053 | -17.3% |
| Intangible fixed assets | 21 | €129 | €0 | -€129 | -100.0% |
| Tangible fixed assets | 22/27 | €650,250 | €531,575 | -€118,674 | -18.3% |
| Plant, machinery and equipment | 23 | €45,263 | €41,032 | -€4,231 | -9.3% |
| Furniture and vehicles | 24 | €87,976 | €37,671 | -€50,305 | -57.2% |
| Leasing and similar rights | 25 | €30,997 | €22,238 | -€8,759 | -28.3% |
| Other tangible fixed assets | 26 | €486,014 | €430,634 | -€55,379 | -11.4% |
| Financial fixed assets | 28 | €13,876 | €17,626 | +€3,750 | +27.0% |
| Other financial fixed assets | 284/8 | €13,876 | €17,626 | +€3,750 | +27.0% |
| Amounts receivable and cash guarantees | 285/8 | €13,876 | €17,626 | +€3,750 | +27.0% |
| Current assets | 29/58 | €4,733,909 | €3,829,440 | -€904,469 | -19.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | - | = | |
| Goods purchased for resale | 34 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €3,617,893 | €3,219,971 | -€397,923 | -11.0% |
| Trade receivables | 40 | €3,517,016 | €3,047,892 | -€469,124 | -13.3% |
| Other amounts receivable | 41 | €100,878 | €172,079 | +€71,202 | +70.6% |
| Current investments | 50/53 | €38 | €0 | -€38 | -100.0% |
| Other investments | 51/53 | €38 | €0 | -€38 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,095,525 | €590,279 | -€505,246 | -46.1% |
| Deferred charges and accrued income | 490/1 | €20,453 | €19,190 | -€1,263 | -6.2% |
| Total equity and liabilities | 10/49 | €5,398,164 | €4,378,642 | -€1.0m | -18.9% |
| Equity | 10/15 | €3,151,934 | €3,159,659 | +€7,725 | +0.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €3,082,221 | €3,091,296 | +€9,075 | +0.3% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,648 | €2,648 | = | 0.0% |
| Distributable reserves | 133 | €3,073,423 | €3,082,498 | +€9,075 | +0.3% |
| Investment grants | 15 | €8,213 | €6,863 | -€1,350 | -16.4% |
| Amounts payable | 17/49 | €2,246,230 | €1,218,983 | -€1.0m | -45.7% |
| Amounts payable after more than one year | 17 | €24,246 | €13,139 | -€11,107 | -45.8% |
| Financial debts | 170/4 | €24,246 | €13,139 | -€11,107 | -45.8% |
| Leasing and similar obligations | 172 | €22,336 | €13,139 | -€9,197 | -41.2% |
| Other loans | 174 | €1,910 | €0 | -€1,910 | -100.0% |
| Amounts payable within one year | 42/48 | €2,221,984 | €1,205,844 | -€1.0m | -45.7% |
| Current portion of amounts payable after more than one year | 42 | €42,132 | €11,107 | -€31,025 | -73.6% |
| Trade debts | 44 | €2,012,630 | €972,585 | -€1.0m | -51.7% |
| Suppliers | 440/4 | €2,012,630 | €972,585 | -€1.0m | -51.7% |
| Advances received on contracts in progress | 46 | €3,922 | €6,809 | +€2,888 | +73.6% |
| Taxes, remuneration and social security | 45 | €163,119 | €213,340 | +€50,221 | +30.8% |
| Taxes | 450/3 | €47,410 | €92,455 | +€45,045 | +95.0% |
| Remuneration and social security | 454/9 | €115,710 | €120,885 | +€5,176 | +4.5% |
| Other amounts payable | 47/48 | €181 | €2,003 | +€1,822 | +1004.8% |
| Operating income | 70/76A | €12,912,270 | €9,195,568 | -€3.7m | -28.8% |
| Turnover | 70 | €12,829,837 | €9,119,805 | -€3.7m | -28.9% |
| Other operating income | 74 | €82,394 | €71,423 | -€10,971 | -13.3% |
| Non-recurring operating income | 76A | €40 | €4,340 | +€4,301 | +10871.7% |
| Operating charges | 60/66A | €13,077,731 | €9,155,070 | -€3.9m | -30.0% |
| Goods for resale, raw materials and consumables | 60 | €10,313,014 | €6,888,290 | -€3.4m | -33.2% |
| Purchases | 600/8 | €8,468,286 | €6,834,898 | -€1.6m | -19.3% |
| Change in stocks: decrease (increase) | 609 | €1,844,728 | €53,392 | -€1.8m | -97.1% |
| Services and other goods | 61 | €1,460,536 | €1,065,354 | -€395,182 | -27.1% |
| Remuneration, social security and pensions | 62 | €1,074,112 | €1,041,220 | -€32,891 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,518 | €159,776 | -€14,742 | -8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,941 | -€94,150 | -€85,209 | -953.0% |
| Other operating charges | 640/8 | €57,304 | €94,579 | +€37,275 | +65.0% |
| Non-recurring operating charges | 66A | €7,188 | €0 | -€7,188 | -100.0% |
| Operating profit (loss) | 9901 | -€165,461 | €40,499 | +€205,959 | |
| Financial income | 75/76B | €21,001 | €16,203 | -€4,797 | -22.8% |
| Recurring financial income | 75 | €21,001 | €16,203 | -€4,797 | -22.8% |
| Other financial income | 752/9 | €21,001 | €16,203 | -€4,797 | -22.8% |
| Financial charges | 65/66B | €21,544 | €43,194 | +€21,650 | +100.5% |
| Recurring financial charges | 65 | €21,544 | €43,194 | +€21,650 | +100.5% |
| Debt charges | 650 | €5,955 | €3,103 | -€2,852 | -47.9% |
| Other financial charges | 652/9 | €15,589 | €40,091 | +€24,502 | +157.2% |
| Profit (loss) for the period before taxes | 9903 | -€166,005 | €13,508 | +€179,512 | |
| Income taxes | 67/77 | €3,401 | €4,433 | +€1,032 | +30.3% |
| Taxes | 670/3 | €3,409 | €4,433 | +€1,024 | +30.0% |
| Tax adjustments and reversals of tax provisions | 77 | €8 | €0 | -€8 | -100.0% |
| Profit (loss) for the period | 9904 | -€169,406 | €9,075 | +€178,480 | |
| Profit (loss) for the period to be appropriated | 9905 | -€169,406 | €9,075 | +€178,480 |
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 5 October 2026 via checked.be.