GERALD SIMONIS: 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
GERALD SIMONIS
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€6,720
2024 · €50,619-€57,339
Equity
€2.6m
2024 · €1.6m+€1.0m
Cash
€23,202
2024 · €61,527-€38,326
Balance sheet total
€5.8m
2024 · €4.8m+€1.0m
Largest movements
Assets
- Tangible fixed assets +€1.3m
up €1.3m (+73.9%), from €1.7m to €2.9m
of which Land and buildings: +€1.3m
- Current investments -€298,200
down €298,200 (-66.3%), from €450,000 to €151,800
- Receivables within one year +€111,170
up €111,170 (+100.3%), from €110,815 to €221,985
of which Other amounts receivable: +€111,270
Equity and liabilities
- Short-term financial debts +€1.5m
new in 2025: €1.5m
- Debts after one year -€1.4m
down €1.4m (-62.0%), from €2.2m to €832,127
- Contributions +€1.0m
up €1.0m (+5623.7%), from €18,600 to €1.1m
- Trade debts -€72,467
down €72,467 (-11.9%), from €610,305 to €537,837
Income statement
- Gross operating margin -€165,512
down €165,512, from €103,000 to -€62,512
- Financial income +€158,188
up €158,188 (+309.7%), from €51,070 to €209,258
- Financial charges +€45,104
up €45,104 (+111.0%), from €40,650 to €85,754
- Depreciation +€7,445
up €7,445 (+17.8%), from €41,729 to €49,174
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
€50,619
Gross operating margin
-€165,512
Depreciation
-€7,445
Other operating charges
-€90
Financial income
+€158,188
Financial charges
-€45,104
Taxes
+€85
Deferred taxes and other
+€2,539
Result 2025
-€6,720
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
-€194,725
Investment
-€1.0m
Financing
+€1.2m
Cash 2024
€61,527
From operations (derived)
-€194,725
Net result for the year
-€6,720
Depreciation
+€49,174
Receivables within one year
-€111,170
Provisions
-€5,910
Trade debts
-€72,467
Tax, wage and social debts
-€30,078
Other debts
-€16,638
Accrued charges and deferred income
-€916
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€1.3m
Current investments
+€298,200
Financing
+€1.2m
Debts after one year
-€1.4m
Current portion of long-term debt
+€16,553
Short-term financial debts
+€1.5m
Contributions, distributions and other
+€1.0m
Cash 2025
€23,202
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,806,489 | €5,832,546 | +€1.0m | +21.3% |
| Fixed assets | 21/28 | €4,183,571 | €5,434,985 | +€1.3m | +29.9% |
| Tangible fixed assets | 22/27 | €1,692,971 | €2,944,385 | +€1.3m | +73.9% |
| Land and buildings | 22 | €1,618,958 | €2,881,173 | +€1.3m | +78.0% |
| Furniture and vehicles | 24 | €64,013 | €63,212 | -€801 | -1.3% |
| Assets under construction and advance payments | 27 | €10,000 | - | -€10,000 | |
| Financial fixed assets | 28 | €2,490,600 | €2,490,600 | = | 0.0% |
| Current assets | 29/58 | €622,918 | €397,562 | -€225,356 | -36.2% |
| Amounts receivable within one year | 40/41 | €110,815 | €221,985 | +€111,170 | +100.3% |
| Trade receivables | 40 | €100 | - | -€100 | |
| Other amounts receivable | 41 | €110,715 | €221,985 | +€111,270 | +100.5% |
| Current investments | 50/53 | €450,000 | €151,800 | -€298,200 | -66.3% |
| Cash at bank and in hand | 54/58 | €61,527 | €23,202 | -€38,326 | -62.3% |
| Deferred charges and accrued income | 490/1 | €576 | €576 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,806,489 | €5,832,546 | +€1.0m | +21.3% |
| Equity | 10/15 | €1,610,273 | €2,649,553 | +€1.0m | +64.5% |
| Contributions | 10/11 | €18,600 | €1,064,600 | +€1.0m | +5623.7% |
| Reserves | 13 | €1,248,904 | €1,225,263 | -€23,641 | -1.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,247,044 | €1,223,403 | -€23,641 | -1.9% |
| Profit (loss) carried forward | 14 | €342,769 | €359,689 | +€16,920 | +4.9% |
| Provisions and deferred taxes | 16 | €311,761 | €305,851 | -€5,910 | -1.9% |
| Deferred taxes | 168 | €311,761 | €305,851 | -€5,910 | -1.9% |
| Amounts payable | 17/49 | €2,884,455 | €2,877,143 | -€7,312 | -0.3% |
| Amounts payable after more than one year | 17 | €2,190,893 | €832,127 | -€1.4m | -62.0% |
| Financial debts | 170/4 | €2,190,893 | €832,127 | -€1.4m | -62.0% |
| Amounts payable within one year | 42/48 | €692,646 | €2,045,016 | +€1.4m | +195.2% |
| Current portion of amounts payable after more than one year | 42 | €29,255 | €45,808 | +€16,553 | +56.6% |
| Financial debts | 43 | - | €1,455,000 | +€1.5m | |
| Credit institutions | 430/8 | - | €1,455,000 | +€1.5m | |
| Trade debts | 44 | €610,305 | €537,837 | -€72,467 | -11.9% |
| Suppliers | 440/4 | €610,305 | €537,837 | -€72,467 | -11.9% |
| Taxes, remuneration and social security | 45 | €36,357 | €6,278 | -€30,078 | -82.7% |
| Taxes | 450/3 | €36,357 | €4,834 | -€31,523 | -86.7% |
| Remuneration and social security | 454/9 | - | €1,445 | +€1,445 | |
| Other amounts payable | 47/48 | €16,729 | €92 | -€16,638 | -99.5% |
| Accrued charges and deferred income | 492/3 | €916 | - | -€916 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,729 | €49,174 | +€7,445 | +17.8% |
| Other operating charges | 640/8 | €24,270 | €24,360 | +€90 | +0.4% |
| Gross operating margin | 9900 | €103,000 | -€62,512 | -€165,512 | |
| Operating profit (loss) | 9901 | €37,001 | -€136,046 | -€173,047 | |
| Financial income | 75/76B | €51,070 | €209,258 | +€158,188 | +309.7% |
| Recurring financial income | 75 | €51,070 | €209,258 | +€158,188 | +309.7% |
| Financial charges | 65/66B | €40,650 | €85,754 | +€45,104 | +111.0% |
| Recurring financial charges | 65 | €40,650 | €85,754 | +€45,104 | +111.0% |
| Profit (loss) for the period before taxes | 9903 | €47,421 | -€12,542 | -€59,963 | |
| Transfer from deferred taxes | 780 | €3,371 | €5,910 | +€2,539 | +75.3% |
| Income taxes | 67/77 | €173 | €88 | -€85 | -49.0% |
| Profit (loss) for the period | 9904 | €50,619 | -€6,720 | -€57,339 | |
| Transfer from tax-exempt reserves | 789 | €13,486 | €23,641 | +€10,155 | +75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €64,105 | €16,920 | -€47,184 | -73.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.