J-P GERARD - SIMON: what changed
J-P GERARD - SIMON
Largest movements
- Stocks and contracts -€67,394
down €67,394 (-11.4%), from €592,026 to €524,632
- Receivables within one year +€66,938
up €66,938 (+27.8%), from €241,098 to €308,036
of which Other amounts receivable: +€41,787
- Cash +€32,069
up €32,069 (+85.7%), from €37,398 to €69,467
mainly Current portion of long-term debt (+€99,310) and Advances received (+€68,250)
- Tangible fixed assets -€13,301
down €13,301 (-22.8%), from €58,412 to €45,111
of which Furniture and vehicles: -€7,798
- Trade debts -€145,672
down €145,672 (-85.6%), from €170,162 to €24,490
- Current portion of long-term debt +€99,310
up €99,310 (+382%), from €26,014 to €125,324
- Short-term financial debts -€84,676
no longer reported in 2025 (was €84,676)
- Advances received +€68,250
new in 2025: €68,250
- Reserves +€39,426
up €39,426 (+9.8%), from €401,910 to €441,336
of which Distributable reserves: +€39,426
- Staff costs +€22,674
up €22,674 (+45.4%), from €49,940 to €72,613
- Gross operating margin +€19,237
up €19,237 (+14.0%), from €137,688 to €156,924
- Depreciation -€11,071
down €11,071 (-39.2%), from €28,238 to €17,167
- Financial charges -€8,451
down €8,451 (-45.7%), from €18,472 to €10,021
- Taxes +€4,045
up €4,045 (+36.6%), from €11,044 to €15,089
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €935,555 | €956,269 | +€20,714 | +2.2% |
| Fixed assets | 21/28 | €64,092 | €50,790 | -€13,301 | -20.8% |
| Tangible fixed assets | 22/27 | €58,412 | €45,111 | -€13,301 | -22.8% |
| Plant, machinery and equipment | 23 | €11,613 | €6,558 | -€5,055 | -43.5% |
| Furniture and vehicles | 24 | €42,085 | €34,287 | -€7,798 | -18.5% |
| Other tangible fixed assets | 26 | €4,714 | €4,267 | -€448 | -9.5% |
| Financial fixed assets | 28 | €5,679 | €5,679 | = | 0.0% |
| Current assets | 29/58 | €871,463 | €905,478 | +€34,015 | +3.9% |
| Stocks and contracts in progress | 3 | €592,026 | €524,632 | -€67,394 | -11.4% |
| Stocks | 30/36 | €592,026 | €524,632 | -€67,394 | -11.4% |
| Amounts receivable within one year | 40/41 | €241,098 | €308,036 | +€66,938 | +27.8% |
| Trade receivables | 40 | €228,328 | €253,479 | +€25,151 | +11.0% |
| Other amounts receivable | 41 | €12,770 | €54,557 | +€41,787 | +327% |
| Cash at bank and in hand | 54/58 | €37,398 | €69,467 | +€32,069 | +85.7% |
| Deferred charges and accrued income | 490/1 | €942 | €3,344 | +€2,402 | +255% |
| Total equity and liabilities | 10/49 | €935,555 | €956,269 | +€20,714 | +2.2% |
| Equity | 10/15 | €463,910 | €503,336 | +€39,426 | +8.5% |
| 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 | €401,910 | €441,336 | +€39,426 | +9.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €395,710 | €435,136 | +€39,426 | +10.0% |
| Amounts payable | 17/49 | €471,645 | €452,932 | -€18,713 | -4.0% |
| Amounts payable after more than one year | 17 | €21,752 | €14,761 | -€6,991 | -32.1% |
| Financial debts | 170/4 | €21,752 | €14,761 | -€6,991 | -32.1% |
| Amounts payable within one year | 42/48 | €449,369 | €434,072 | -€15,297 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €26,014 | €125,324 | +€99,310 | +382% |
| Financial debts | 43 | €84,676 | - | -€84,676 | |
| Credit institutions | 430/8 | €84,676 | - | -€84,676 | |
| Trade debts | 44 | €170,162 | €24,490 | -€145,672 | -85.6% |
| Suppliers | 440/4 | €170,162 | €24,490 | -€145,672 | -85.6% |
| Advances received on contracts in progress | 46 | - | €68,250 | +€68,250 | |
| Taxes, remuneration and social security | 45 | €18,470 | €35,688 | +€17,218 | +93.2% |
| Taxes | 450/3 | €14,497 | €28,049 | +€13,552 | +93.5% |
| Remuneration and social security | 454/9 | €3,973 | €7,639 | +€3,666 | +92.3% |
| Other amounts payable | 47/48 | €150,047 | €180,320 | +€30,273 | +20.2% |
| Accrued charges and deferred income | 492/3 | €525 | €4,099 | +€3,575 | +681% |
| Remuneration, social security and pensions | 62 | €49,940 | €72,613 | +€22,674 | +45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,238 | €17,167 | -€11,071 | -39.2% |
| Other operating charges | 640/8 | €1,186 | €2,662 | +€1,475 | +124% |
| Gross operating margin | 9900 | €137,688 | €156,924 | +€19,237 | +14.0% |
| Operating profit (loss) | 9901 | €58,324 | €64,482 | +€6,159 | +10.6% |
| Financial income | 75/76B | €1,186 | €54 | -€1,132 | -95.4% |
| Recurring financial income | 75 | €359 | €54 | -€305 | -84.9% |
| Non-recurring financial income | 76B | €826 | - | -€826 | |
| Financial charges | 65/66B | €18,472 | €10,021 | -€8,451 | -45.7% |
| Recurring financial charges | 65 | €18,472 | €10,021 | -€8,451 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | €41,038 | €54,516 | +€13,478 | +32.8% |
| Income taxes | 67/77 | €11,044 | €15,089 | +€4,045 | +36.6% |
| Profit (loss) for the period | 9904 | €29,994 | €39,426 | +€9,433 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,994 | €39,426 | +€9,433 | +31.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.