INVEST SIMABRES: what changed
What changed
INVEST SIMABRES
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€2.7m
2024 · €11.1m-€8.4m
Equity
€30.0m
2024 · €27.3m+€2.7m
Cash
€103,662
2024 · €484,321-€380,658
Balance sheet total
€30.9m
2024 · €28.2m+€2.7m
Largest movements
Assets
- Current investments +€1.6m
up €1.6m (+30.9%), from €5.2m to €6.9m
- Deferred charges and accrued income +€779,536
up €779,536 (+587%), from €132,747 to €912,284
- Receivables within one year +€535,157
up €535,157 (+37.3%), from €1.4m to €2.0m
of which Other amounts receivable: +€543,699
- Cash -€380,658
down €380,658 (-78.6%), from €484,321 to €103,662
mainly Current investments (-€1.6m) and Deferred charges and accrued income (-€779,536)
Equity and liabilities
- Profit (loss) carried forward +€2.7m
up €2.7m (+12.1%), from €22.2m to €24.9m
Income statement
- Financial income -€7.9m
down €7.9m (-70.0%), from €11.2m to €3.4m
- Financial charges +€589,258
up €589,258 (+400%), from €147,495 to €736,753
of which Non-recurring financial charges: +€332,405
- Goods and materials +€122,647
new in 2025: €122,647
- Turnover +€114,608
up €114,608 (+24.5%), from €467,428 to €582,035
- Staff costs -€14,030
down €14,030 (-7.9%), from €177,925 to €163,895
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€11.1m
Turnover
+€114,608
Other operating income
+€6,568
Goods and materials
-€122,647
Services and other goods
-€1,272
Staff costs
+€14,030
Depreciation
-€1,271
Other operating charges
-€9,925
Other operating items
+€5,878
Financial income
-€7.9m
Financial charges
-€589,258
Taxes
+€1,777
Result 2025
€2.7m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.6m
Investment
-€2.0m
Financing
+€57,732
Cash 2024
€484,321
From operations (derived)
+€1.6m
Net result for the year
+€2.7m
Depreciation
+€227,802
Receivables within one year
-€535,157
Deferred charges and accrued income
-€779,536
Trade debts
-€25,979
Smaller working-capital items
+€2,237
Accrued charges and deferred income
-€25,186
Investment (derived)
-€2.0m
Investment in fixed assets (net)
-€374,728
Current investments
-€1.6m
Financing
+€57,732
Debts after one year
+€113,417
Current portion of long-term debt
-€59,437
Short-term financial debts
+€3,752
Cash 2025
€103,662
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,234,754 | €30,932,954 | +€2.7m | +9.6% |
| Fixed assets | 21/28 | €20,946,348 | €21,093,274 | +€146,926 | +0.7% |
| Tangible fixed assets | 22/27 | €4,312,493 | €4,460,086 | +€147,593 | +3.4% |
| Land and buildings | 22 | €3,807,707 | €4,012,390 | +€204,683 | +5.4% |
| Plant, machinery and equipment | 23 | €460,384 | €424,362 | -€36,022 | -7.8% |
| Furniture and vehicles | 24 | €44,402 | €23,333 | -€21,068 | -47.4% |
| Financial fixed assets | 28 | €16,633,855 | €16,633,188 | -€667 | 0.0% |
| Affiliated companies | 280/1 | €2,965,720 | €2,631,747 | -€333,973 | -11.3% |
| Participating interests | 280 | €2,965,720 | €2,631,747 | -€333,973 | -11.3% |
| Companies linked by participating interests | 282/3 | €12,687,192 | €12,687,192 | = | 0.0% |
| Participating interests | 282 | €12,687,192 | €12,687,192 | = | 0.0% |
| Other financial fixed assets | 284/8 | €980,944 | €1,314,249 | +€333,305 | +34.0% |
| Shares | 284 | €530,944 | €864,249 | +€333,305 | +62.8% |
| Amounts receivable and cash guarantees | 285/8 | €450,000 | €450,000 | = | 0.0% |
| Current assets | 29/58 | €7,288,406 | €9,839,681 | +€2.6m | +35.0% |
| Amounts receivable within one year | 40/41 | €1,434,204 | €1,969,362 | +€535,157 | +37.3% |
| Trade receivables | 40 | €104,771 | €96,229 | -€8,542 | -8.2% |
| Other amounts receivable | 41 | €1,329,433 | €1,873,132 | +€543,699 | +40.9% |
| Current investments | 50/53 | €5,237,134 | €6,854,373 | +€1.6m | +30.9% |
| Other investments | 51/53 | €5,237,134 | €6,854,373 | +€1.6m | +30.9% |
| Cash at bank and in hand | 54/58 | €484,321 | €103,662 | -€380,658 | -78.6% |
| Deferred charges and accrued income | 490/1 | €132,747 | €912,284 | +€779,536 | +587% |
| Total equity and liabilities | 10/49 | €28,234,754 | €30,932,954 | +€2.7m | +9.6% |
| Equity | 10/15 | €27,320,943 | €30,010,339 | +€2.7m | +9.8% |
| Contributions | 10/11 | €3,713,181 | €3,713,181 | = | 0.0% |
| Capital | 10 | €1,778,090 | €1,778,090 | = | 0.0% |
| Issued capital | 100 | €1,778,090 | €1,778,090 | = | 0.0% |
| Contributions outside capital | 11 | €1,935,091 | €1,935,091 | = | 0.0% |
| Share premium | 1100/10 | €1,935,091 | €1,935,091 | = | 0.0% |
| Reserves | 13 | €1,358,267 | €1,358,267 | = | 0.0% |
| Non-distributable reserves | 130/1 | €179,684 | €179,684 | = | 0.0% |
| Legal reserve | 130 | €179,684 | €179,684 | = | 0.0% |
| Distributable reserves | 133 | €1,178,583 | €1,178,583 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,249,494 | €24,938,890 | +€2.7m | +12.1% |
| Amounts payable | 17/49 | €913,812 | €922,616 | +€8,804 | +1.0% |
| Amounts payable after more than one year | 17 | €460,740 | €574,157 | +€113,417 | +24.6% |
| Financial debts | 170/4 | €410,651 | €527,269 | +€116,617 | +28.4% |
| Credit institutions | 173 | €410,651 | €527,269 | +€116,617 | +28.4% |
| Other amounts payable | 178/9 | €50,089 | €46,889 | -€3,200 | -6.4% |
| Amounts payable within one year | 42/48 | €382,546 | €303,118 | -€79,427 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €274,829 | €215,392 | -€59,437 | -21.6% |
| Financial debts | 43 | - | €3,752 | +€3,752 | |
| Credit institutions | 430/8 | - | €3,752 | +€3,752 | |
| Trade debts | 44 | €50,539 | €24,561 | -€25,979 | -51.4% |
| Suppliers | 440/4 | €50,539 | €24,561 | -€25,979 | -51.4% |
| Taxes, remuneration and social security | 45 | €51,064 | €47,769 | -€3,296 | -6.5% |
| Taxes | 450/3 | €31,346 | €30,204 | -€1,142 | -3.6% |
| Remuneration and social security | 454/9 | €19,718 | €17,565 | -€2,153 | -10.9% |
| Other amounts payable | 47/48 | €6,113 | €11,646 | +€5,533 | +90.5% |
| Accrued charges and deferred income | 492/3 | €70,526 | €45,340 | -€25,186 | -35.7% |
| Operating income | 70/76A | €646,936 | €758,086 | +€111,150 | +17.2% |
| Turnover | 70 | €467,428 | €582,035 | +€114,608 | +24.5% |
| Other operating income | 74 | €165,512 | €172,080 | +€6,568 | +4.0% |
| Non-recurring operating income | 76A | €13,996 | €3,970 | -€10,025 | -71.6% |
| Operating charges | 60/66A | €599,449 | €704,631 | +€105,182 | +17.5% |
| Goods for resale, raw materials and consumables | 60 | - | €122,647 | +€122,647 | |
| Purchases | 600/8 | - | €122,647 | +€122,647 | |
| Services and other goods | 61 | €143,799 | €145,072 | +€1,272 | +0.9% |
| Remuneration, social security and pensions | 62 | €177,925 | €163,895 | -€14,030 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,531 | €227,802 | +€1,271 | +0.6% |
| Other operating charges | 640/8 | €35,108 | €45,033 | +€9,925 | +28.3% |
| Non-recurring operating charges | 66A | €16,085 | €181 | -€15,904 | -98.9% |
| Operating profit (loss) | 9901 | €47,487 | €53,455 | +€5,969 | +12.6% |
| Financial income | 75/76B | €11,232,108 | €3,372,986 | -€7.9m | -70.0% |
| Recurring financial income | 75 | €11,232,108 | €3,372,986 | -€7.9m | -70.0% |
| Income from financial fixed assets | 750 | €11,076,187 | €3,025,374 | -€8.1m | -72.7% |
| Income from current assets | 751 | €133,847 | €180,919 | +€47,071 | +35.2% |
| Other financial income | 752/9 | €22,073 | €166,693 | +€144,619 | +655% |
| Financial charges | 65/66B | €147,495 | €736,753 | +€589,258 | +400% |
| Recurring financial charges | 65 | €144,427 | €401,280 | +€256,853 | +178% |
| Debt charges | 650 | €9,949 | €8,850 | -€1,099 | -11.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €98,194 | €96,950 | -€1,245 | -1.3% |
| Other financial charges | 652/9 | €36,283 | €295,481 | +€259,197 | +714% |
| Non-recurring financial charges | 66B | €3,068 | €335,473 | +€332,405 | +10,834% |
| Profit (loss) for the period before taxes | 9903 | €11,132,099 | €2,689,688 | -€8.4m | -75.8% |
| Income taxes | 67/77 | €2,069 | €292 | -€1,777 | -85.9% |
| Taxes | 670/3 | €2,069 | €292 | -€1,777 | -85.9% |
| Profit (loss) for the period | 9904 | €11,130,030 | €2,689,396 | -€8.4m | -75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,130,030 | €2,689,396 | -€8.4m | -75.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.