IWAN SIMONIS: 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.
What changed
IWAN SIMONIS
NACE 13.100, Manufacture of textiles
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7.5m
2024 · €6.1m+€1.4m
Equity
€47.0m
2024 · €44.5m+€2.5m
Cash
€2.1m
2024 · €647,200+€1.5m
Balance sheet total
€56.1m
2024 · €54.2m+€1.9m
Largest movements
Assets
- Cash +€1.5m
up €1.5m (+231.1%), from €647,200 to €2.1m
mainly Net result for the year (+€7.5m) and Depreciation (+€901,028)
- Stocks and contracts +€948,550
up €948,550 (+18.0%), from €5.3m to €6.2m
Equity and liabilities
- Profit (loss) carried forward +€1.5m
up €1.5m (+6.2%), from €25.1m to €26.7m
- Other debts -€1.4m
down €1.4m (-21.4%), from €6.6m to €5.2m
- Reserves +€999,997
up €999,997 (+26.4%), from €3.8m to €4.8m
of which Tax-exempt reserves: +€999,997
- Provisions +€587,935
new in 2025: €587,935
Income statement
- Financial income +€2.1m
up €2.1m (+54.0%), from €3.9m to €6.0m
of which Financial income: +€2.1m
- Provisions +€587,935
new in 2025: €587,935
- Other operating income +€527,965
up €527,965 (+32.0%), from €1.7m to €2.2m
- Turnover -€438,651
down €438,651 (-3.4%), from €12.8m to €12.4m
- Goods and materials -€360,856
down €360,856 (-7.2%), from €5.0m to €4.7m
of which Purchases: -€515,048
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
€6.1m
Turnover
-€438,651
Other operating income
+€527,965
Goods and materials
+€360,856
Services and other goods
-€180,624
Staff costs
-€32,287
Depreciation
-€319,433
Write-downs
-€447
Provisions
-€587,935
Other operating charges
-€5,211
Other operating items
+€577,507
Financial income
+€2.1m
Financial charges
-€228,601
Taxes
-€342,606
Result 2025
€7.5m
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
+€7.3m
Investment
-€803,638
Financing
-€5.0m
Cash 2024
€647,200
From operations (derived)
+€7.3m
Net result for the year
+€7.5m
Depreciation
+€901,028
Stocks and contracts
-€948,550
Receivables within one year
+€271,878
Deferred charges and accrued income
+€174,138
Provisions
+€587,935
Trade debts
+€108,005
Tax, wage and social debts
+€104,134
Other debts
-€1.4m
Accrued charges and deferred income
-€4,180
Investment (derived)
-€803,638
Investment in fixed assets (net)
-€803,638
Financing
-€5.0m
Debts after one year
-€237,475
Current portion of long-term debt
+€205,933
Contributions, distributions and other
-€5.0m
Cash 2025
€2.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,158,996 | €56,059,828 | +€1.9m | +3.5% |
| Fixed assets | 21/28 | €44,715,338 | €44,617,948 | -€97,390 | -0.2% |
| Intangible fixed assets | 21 | €0 | €848 | +€848 | |
| Tangible fixed assets | 22/27 | €2,843,876 | €2,745,638 | -€98,238 | -3.5% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €2,822,264 | €2,452,958 | -€369,306 | -13.1% |
| Furniture and vehicles | 24 | €20,052 | €38,168 | +€18,116 | +90.3% |
| Other tangible fixed assets | 26 | €1,560 | €254,511 | +€252,952 | +16219.5% |
| Financial fixed assets | 28 | €41,871,462 | €41,871,462 | = | 0.0% |
| Affiliated companies | 280/1 | €41,870,639 | €41,870,639 | = | 0.0% |
| Participating interests | 280 | €41,870,639 | €41,870,639 | = | 0.0% |
| Other financial fixed assets | 284/8 | €823 | €823 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €823 | €823 | = | 0.0% |
| Current assets | 29/58 | €9,443,658 | €11,441,879 | +€2.0m | +21.2% |
| Stocks and contracts in progress | 3 | €5,271,455 | €6,220,005 | +€948,550 | +18.0% |
| Stocks | 30/36 | €5,271,455 | €6,220,005 | +€948,550 | +18.0% |
| Raw materials and consumables | 30/31 | €1,525,249 | €1,306,726 | -€218,523 | -14.3% |
| Work in progress | 32 | €1,387,217 | €1,491,255 | +€104,038 | +7.5% |
| Finished goods | 33 | €2,111,224 | €3,141,282 | +€1.0m | +48.8% |
| Goods purchased for resale | 34 | €247,765 | €280,742 | +€32,977 | +13.3% |
| Amounts receivable within one year | 40/41 | €3,285,949 | €3,014,071 | -€271,878 | -8.3% |
| Trade receivables | 40 | €2,368,163 | €2,754,494 | +€386,331 | +16.3% |
| Other amounts receivable | 41 | €917,786 | €259,577 | -€658,209 | -71.7% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €647,200 | €2,142,888 | +€1.5m | +231.1% |
| Deferred charges and accrued income | 490/1 | €239,054 | €64,915 | -€174,138 | -72.8% |
| Total equity and liabilities | 10/49 | €54,158,996 | €56,059,828 | +€1.9m | +3.5% |
| Equity | 10/15 | €44,456,683 | €47,001,211 | +€2.5m | +5.7% |
| Contributions | 10/11 | €15,561,973 | €15,561,973 | = | 0.0% |
| Capital | 10 | €15,561,973 | €15,561,973 | = | 0.0% |
| Issued capital | 100 | €15,561,973 | €15,561,973 | = | 0.0% |
| Reserves | 13 | €3,781,399 | €4,781,396 | +€999,997 | +26.4% |
| Non-distributable reserves | 130/1 | €1,556,197 | €1,556,197 | = | 0.0% |
| Legal reserve | 130 | €1,556,197 | €1,556,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,000,001 | €1,999,998 | +€999,997 | +100.0% |
| Distributable reserves | 133 | €1,225,200 | €1,225,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,113,311 | €26,657,843 | +€1.5m | +6.2% |
| Provisions and deferred taxes | 16 | - | €587,935 | +€587,935 | |
| Provisions for liabilities and charges | 160/5 | - | €587,935 | +€587,935 | |
| Other liabilities and charges | 164/5 | - | €587,935 | +€587,935 | |
| Amounts payable | 17/49 | €9,702,313 | €8,470,682 | -€1.2m | -12.7% |
| Amounts payable after more than one year | 17 | €1,500,000 | €1,262,525 | -€237,475 | -15.8% |
| Financial debts | 170/4 | €1,500,000 | €1,262,525 | -€237,475 | -15.8% |
| Credit institutions | 173 | €1,500,000 | €1,262,525 | -€237,475 | -15.8% |
| Amounts payable within one year | 42/48 | €8,197,653 | €7,207,676 | -€989,977 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €400,000 | €605,933 | +€205,933 | +51.5% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | €714,131 | €822,136 | +€108,005 | +15.1% |
| Suppliers | 440/4 | €714,131 | €822,136 | +€108,005 | +15.1% |
| Taxes, remuneration and social security | 45 | €504,944 | €609,078 | +€104,134 | +20.6% |
| Taxes | 450/3 | €227,382 | €223,652 | -€3,729 | -1.6% |
| Remuneration and social security | 454/9 | €277,563 | €385,426 | +€107,863 | +38.9% |
| Other amounts payable | 47/48 | €6,578,578 | €5,170,529 | -€1.4m | -21.4% |
| Accrued charges and deferred income | 492/3 | €4,660 | €480 | -€4,180 | -89.7% |
| Operating income | 70/76A | €15,033,395 | €15,702,136 | +€668,740 | +4.4% |
| Turnover | 70 | €12,826,722 | €12,388,071 | -€438,651 | -3.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €552,266 | €1,134,095 | +€581,829 | +105.4% |
| Other operating income | 74 | €1,652,004 | €2,179,969 | +€527,965 | +32.0% |
| Non-recurring operating income | 76A | €2,403 | - | -€2,403 | |
| Operating charges | 60/66A | €12,067,590 | €12,834,590 | +€767,000 | +6.4% |
| Goods for resale, raw materials and consumables | 60 | €5,037,173 | €4,676,317 | -€360,856 | -7.2% |
| Purchases | 600/8 | €5,005,820 | €4,490,772 | -€515,048 | -10.3% |
| Change in stocks: decrease (increase) | 609 | €31,353 | €185,545 | +€154,192 | +491.8% |
| Services and other goods | 61 | €3,798,555 | €3,979,179 | +€180,624 | +4.8% |
| Remuneration, social security and pensions | 62 | €2,561,535 | €2,593,822 | +€32,287 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €581,595 | €901,028 | +€319,433 | +54.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€112 | €335 | +€447 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €587,935 | +€587,935 | |
| Other operating charges | 640/8 | €77,408 | €82,619 | +€5,211 | +6.7% |
| Non-recurring operating charges | 66A | €11,437 | €13,355 | +€1,918 | +16.8% |
| Operating profit (loss) | 9901 | €2,965,805 | €2,867,545 | -€98,260 | -3.3% |
| Financial income | 75/76B | €3,923,296 | €6,039,986 | +€2.1m | +54.0% |
| Recurring financial income | 75 | €3,923,296 | €6,039,986 | +€2.1m | +54.0% |
| Income from financial fixed assets | 750 | €3,500,000 | €5,669,454 | +€2.2m | +62.0% |
| Income from current assets | 751 | €47,562 | €49,572 | +€2,010 | +4.2% |
| Other financial income | 752/9 | €375,734 | €320,960 | -€54,774 | -14.6% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €192,455 | €421,056 | +€228,601 | +118.8% |
| Recurring financial charges | 65 | €192,455 | €421,056 | +€228,601 | +118.8% |
| Debt charges | 650 | €29,019 | €38,666 | +€9,647 | +33.2% |
| Other financial charges | 652/9 | €163,436 | €382,390 | +€218,954 | +134.0% |
| Profit (loss) for the period before taxes | 9903 | €6,696,646 | €8,486,475 | +€1.8m | +26.7% |
| Income taxes | 67/77 | €599,340 | €941,947 | +€342,606 | +57.2% |
| Taxes | 670/3 | €835,336 | €943,772 | +€108,436 | +13.0% |
| Tax adjustments and reversals of tax provisions | 77 | €235,996 | €1,826 | -€234,170 | -99.2% |
| Profit (loss) for the period | 9904 | €6,097,306 | €7,544,529 | +€1.4m | +23.7% |
| Transfer to tax-exempt reserves | 689 | - | €999,997 | +€999,997 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,097,306 | €6,544,532 | +€447,226 | +7.3% |
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 11 October 2026 via checked.be.