FILIP SIMAL: 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.
FILIP SIMAL
Largest movements
- Tangible fixed assets -€93,680
down €93,680 (-12.4%), from €753,206 to €659,526
of which Land and buildings: -€77,818
- Cash +€16,083
up €16,083 (+44.2%), from €36,409 to €52,492
mainly Depreciation (+€94,754) and Receivables within one year (+€13,724)
- Receivables within one year -€13,724
down €13,724 (-69.0%), from €19,878 to €6,154
of which Trade receivables: -€11,129
- Other debts -€52,092
down €52,092 (-13.6%), from €382,752 to €330,660
- Reserves -€22,300
down €22,300 (-6.6%), from €336,792 to €314,492
of which Tax-exempt reserves: -€22,300
- Provisions -€11,483
down €11,483 (-19.3%), from €59,587 to €48,105
- Debts after one year -€11,192
down €11,192 (-96.2%), from €11,636 to €445
- Profit (loss) carried forward +€8,662
up €8,662 (+14.7%), from -€58,855 to -€50,193
- Gross operating margin -€21,514
down €21,514 (-20.5%), from €104,723 to €83,209
- Taxes -€4,731
down €4,731 (-47.8%), from €9,889 to €5,157
- Depreciation -€2,183
down €2,183 (-2.3%), from €96,937 to €94,754
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 | €814,890 | €730,302 | -€84,588 | -10.4% |
| Fixed assets | 21/28 | €755,006 | €661,326 | -€93,680 | -12.4% |
| Tangible fixed assets | 22/27 | €753,206 | €659,526 | -€93,680 | -12.4% |
| Land and buildings | 22 | €714,385 | €636,567 | -€77,818 | -10.9% |
| Plant, machinery and equipment | 23 | €0 | €767 | +€767 | |
| Furniture and vehicles | 24 | €38,821 | €22,192 | -€16,629 | -42.8% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €59,885 | €68,977 | +€9,092 | +15.2% |
| Stocks and contracts in progress | 3 | €1,300 | €5,283 | +€3,983 | +306% |
| Stocks | 30/36 | €1,300 | €5,283 | +€3,983 | +306% |
| Amounts receivable within one year | 40/41 | €19,878 | €6,154 | -€13,724 | -69.0% |
| Trade receivables | 40 | €11,129 | €0 | -€11,129 | -100% |
| Other amounts receivable | 41 | €8,750 | €6,154 | -€2,596 | -29.7% |
| Cash at bank and in hand | 54/58 | €36,409 | €52,492 | +€16,083 | +44.2% |
| Deferred charges and accrued income | 490/1 | €2,297 | €5,048 | +€2,751 | +120% |
| Total equity and liabilities | 10/49 | €814,890 | €730,302 | -€84,588 | -10.4% |
| Equity | 10/15 | €339,937 | €326,299 | -€13,638 | -4.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €336,792 | €314,492 | -€22,300 | -6.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €330,595 | €308,295 | -€22,300 | -6.7% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€58,855 | -€50,193 | +€8,662 | +14.7% |
| Provisions and deferred taxes | 16 | €59,587 | €48,105 | -€11,483 | -19.3% |
| Deferred taxes | 168 | €59,587 | €48,105 | -€11,483 | -19.3% |
| Amounts payable | 17/49 | €415,366 | €355,899 | -€59,467 | -14.3% |
| Amounts payable after more than one year | 17 | €11,636 | €445 | -€11,192 | -96.2% |
| Financial debts | 170/4 | €11,636 | €445 | -€11,192 | -96.2% |
| Amounts payable within one year | 42/48 | €403,730 | €355,454 | -€48,276 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €18,010 | €12,542 | -€5,468 | -30.4% |
| Trade debts | 44 | €2,176 | €9,450 | +€7,274 | +334% |
| Suppliers | 440/4 | €2,176 | €9,450 | +€7,274 | +334% |
| Taxes, remuneration and social security | 45 | €792 | €2,802 | +€2,010 | +254% |
| Taxes | 450/3 | €42 | €1,007 | +€965 | +2,289% |
| Remuneration and social security | 454/9 | €750 | €1,795 | +€1,045 | +139% |
| Other amounts payable | 47/48 | €382,752 | €330,660 | -€52,092 | -13.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,937 | €94,754 | -€2,183 | -2.3% |
| Other operating charges | 640/8 | €5,650 | €6,062 | +€411 | +7.3% |
| Gross operating margin | 9900 | €104,723 | €83,209 | -€21,514 | -20.5% |
| Operating profit (loss) | 9901 | €2,137 | -€17,606 | -€19,743 | |
| Financial income | 75/76B | €7 | €14 | +€7 | +105% |
| Recurring financial income | 75 | €7 | €14 | +€7 | +105% |
| Financial charges | 65/66B | €2,852 | €2,371 | -€480 | -16.8% |
| Recurring financial charges | 65 | €2,852 | €2,371 | -€480 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | -€708 | -€19,963 | -€19,255 | -2,719% |
| Transfer from deferred taxes | 780 | €11,483 | €11,483 | = | 0.0% |
| Income taxes | 67/77 | €9,889 | €5,157 | -€4,731 | -47.8% |
| Profit (loss) for the period | 9904 | €886 | -€13,638 | -€14,524 | |
| Transfer from tax-exempt reserves | 789 | €23,269 | €22,300 | -€969 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,155 | €8,662 | -€15,493 | -64.1% |
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 26 October 2026 via checked.be.