F & R SIMONS: 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.
F & R SIMONS
Largest movements
- Cash -€199,971
down €199,971 (-84.4%), from €236,932 to €36,960
mainly Net result for the year (-€220,889) and Short-term financial debts (-€90,000)
- Tangible fixed assets -€83,027
down €83,027 (-14.7%), from €563,209 to €480,182
of which Furniture and vehicles: -€78,430
- Stocks and contracts -€75,767
down €75,767 (-24.9%), from €303,910 to €228,143
of which Stocks: -€60,767
- Profit (loss) carried forward -€220,889
down €220,889 (-54.2%), from -€407,633 to -€628,522
- Short-term financial debts -€90,000
down €90,000 (-18.4%), from €490,000 to €400,000
of which Credit institutions: -€90,000
- Debts after one year -€40,073
down €40,073 (-45.7%), from €87,593 to €47,520
- Other debts +€33,922
up €33,922 (+128%), from €26,427 to €60,349
- Trade debts -€24,464
down €24,464 (-18.4%), from €133,086 to €108,622
- Gross operating margin +€117,308
up €117,308 (+2,310%), from €5,079 to €122,386
- Staff costs -€51,222
down €51,222 (-23.1%), from €222,193 to €170,971
- Depreciation +€7,444
up €7,444 (+6.2%), from €119,145 to €126,589
- Financial charges -€3,804
down €3,804 (-9.2%), from €41,127 to €37,324
- Financial income -€2,526
down €2,526 (-15.5%), from €16,336 to €13,809
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 | €1,427,310 | €1,061,665 | -€365,645 | -25.6% |
| Fixed assets | 21/28 | €563,479 | €480,452 | -€83,027 | -14.7% |
| Tangible fixed assets | 22/27 | €563,209 | €480,182 | -€83,027 | -14.7% |
| Land and buildings | 22 | €339,444 | €339,093 | -€350 | -0.1% |
| Plant, machinery and equipment | 23 | €26,649 | €22,402 | -€4,247 | -15.9% |
| Furniture and vehicles | 24 | €197,116 | €118,686 | -€78,430 | -39.8% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €863,831 | €581,213 | -€282,618 | -32.7% |
| Amounts receivable after more than one year | 29 | €218,000 | €218,000 | = | 0.0% |
| Other amounts receivable | 291 | €218,000 | €218,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €303,910 | €228,143 | -€75,767 | -24.9% |
| Stocks | 30/36 | €288,910 | €228,143 | -€60,767 | -21.0% |
| Contracts in progress | 37 | €15,000 | - | -€15,000 | |
| Amounts receivable within one year | 40/41 | €78,622 | €80,208 | +€1,587 | +2.0% |
| Trade receivables | 40 | €59,442 | €70,328 | +€10,886 | +18.3% |
| Other amounts receivable | 41 | €19,179 | €9,880 | -€9,299 | -48.5% |
| Cash at bank and in hand | 54/58 | €236,932 | €36,960 | -€199,971 | -84.4% |
| Deferred charges and accrued income | 490/1 | €26,368 | €17,901 | -€8,467 | -32.1% |
| Total equity and liabilities | 10/49 | €1,427,310 | €1,061,665 | -€365,645 | -25.6% |
| Equity | 10/15 | €595,566 | €374,677 | -€220,889 | -37.1% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €753,199 | €753,199 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,271 | €8,271 | = | 0.0% |
| Distributable reserves | 133 | €719,928 | €719,928 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€407,633 | -€628,522 | -€220,889 | -54.2% |
| Amounts payable | 17/49 | €831,744 | €686,988 | -€144,756 | -17.4% |
| Amounts payable after more than one year | 17 | €87,593 | €47,520 | -€40,073 | -45.7% |
| Financial debts | 170/4 | €87,593 | €47,520 | -€40,073 | -45.7% |
| Amounts payable within one year | 42/48 | €717,462 | €617,615 | -€99,847 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €49,819 | €40,073 | -€9,746 | -19.6% |
| Financial debts | 43 | €490,000 | €400,000 | -€90,000 | -18.4% |
| Credit institutions | 430/8 | €90,000 | - | -€90,000 | |
| Other loans | 439 | €400,000 | €400,000 | = | 0.0% |
| Trade debts | 44 | €133,086 | €108,622 | -€24,464 | -18.4% |
| Suppliers | 440/4 | €133,086 | €108,622 | -€24,464 | -18.4% |
| Taxes, remuneration and social security | 45 | €18,130 | €8,571 | -€9,559 | -52.7% |
| Taxes | 450/3 | €7,727 | €4,632 | -€3,094 | -40.0% |
| Remuneration and social security | 454/9 | €10,403 | €3,938 | -€6,465 | -62.1% |
| Other amounts payable | 47/48 | €26,427 | €60,349 | +€33,922 | +128% |
| Accrued charges and deferred income | 492/3 | €26,689 | €21,853 | -€4,836 | -18.1% |
| Non-recurring operating income | 76A | - | €11,000 | +€11,000 | |
| Remuneration, social security and pensions | 62 | €222,193 | €170,971 | -€51,222 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,145 | €126,589 | +€7,444 | +6.2% |
| Other operating charges | 640/8 | €21,184 | €20,200 | -€983 | -4.6% |
| Gross operating margin | 9900 | €5,079 | €122,386 | +€117,308 | +2,310% |
| Operating profit (loss) | 9901 | -€357,443 | -€195,374 | +€162,069 | +45.3% |
| Financial income | 75/76B | €16,336 | €13,809 | -€2,526 | -15.5% |
| Recurring financial income | 75 | €16,336 | €13,809 | -€2,526 | -15.5% |
| Financial charges | 65/66B | €41,127 | €37,324 | -€3,804 | -9.2% |
| Recurring financial charges | 65 | €41,127 | €37,324 | -€3,804 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | -€382,235 | -€218,889 | +€163,346 | +42.7% |
| Income taxes | 67/77 | €1,820 | €2,000 | +€180 | +9.9% |
| Profit (loss) for the period | 9904 | -€384,055 | -€220,889 | +€163,166 | +42.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€384,055 | -€220,889 | +€163,166 | +42.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.