Julien 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.
Julien Simonis
Largest movements
- Cash -€53,147
down €53,147 (-54.7%), from €97,086 to €43,939
mainly Contributions, distributions and other (-€156,500) and Investment in fixed assets (net) (-€47,433)
- Receivables within one year +€40,445
up €40,445 (+57.4%), from €70,482 to €110,927
of which Trade receivables: +€38,210
- Tangible fixed assets +€34,456
up €34,456 (+98.7%), from €34,918 to €69,375
of which Plant, machinery and equipment: +€41,789
- Debts after one year +€30,371
up €30,371 (+254.3%), from €11,943 to €42,314
- Reserves -€26,704
down €26,704 (-100.0%), from €26,705 to €0
- Other debts +€15,696
up €15,696 (+11.1%), from €141,919 to €157,615
- Current portion of long-term debt +€9,177
up €9,177 (+128.2%), from €7,158 to €16,335
- Tax, wage and social debts -€5,759
down €5,759 (-62.8%), from €9,174 to €3,416
- Gross operating margin +€32,149
up €32,149 (+21.4%), from €150,185 to €182,333
- Taxes +€6,823
up €6,823 (+22.2%), from €30,717 to €37,540
- Depreciation +€5,737
up €5,737 (+79.2%), from €7,240 to €12,976
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €203,046 | €225,473 | +€22,427 | +11.0% |
| Fixed assets | 21/28 | €34,918 | €69,375 | +€34,456 | +98.7% |
| Tangible fixed assets | 22/27 | €34,918 | €69,375 | +€34,456 | +98.7% |
| Plant, machinery and equipment | 23 | €16,545 | €58,335 | +€41,789 | +252.6% |
| Furniture and vehicles | 24 | €18,373 | €11,040 | -€7,333 | -39.9% |
| Current assets | 29/58 | €168,128 | €156,098 | -€12,030 | -7.2% |
| Amounts receivable within one year | 40/41 | €70,482 | €110,927 | +€40,445 | +57.4% |
| Trade receivables | 40 | €70,257 | €108,467 | +€38,210 | +54.4% |
| Other amounts receivable | 41 | €225 | €2,460 | +€2,235 | +993.3% |
| Cash at bank and in hand | 54/58 | €97,086 | €43,939 | -€53,147 | -54.7% |
| Deferred charges and accrued income | 490/1 | €561 | €1,232 | +€671 | +119.6% |
| Total equity and liabilities | 10/49 | €203,046 | €225,473 | +€22,427 | +11.0% |
| Equity | 10/15 | €31,705 | €5,000 | -€26,704 | -84.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,705 | €0 | -€26,704 | -100.0% |
| Distributable reserves | 133 | €26,705 | €0 | -€26,704 | -100.0% |
| Amounts payable | 17/49 | €171,342 | €220,473 | +€49,131 | +28.7% |
| Amounts payable after more than one year | 17 | €11,943 | €42,314 | +€30,371 | +254.3% |
| Financial debts | 170/4 | €11,943 | €42,314 | +€30,371 | +254.3% |
| Amounts payable within one year | 42/48 | €159,399 | €178,159 | +€18,760 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €7,158 | €16,335 | +€9,177 | +128.2% |
| Trade debts | 44 | €1,148 | €793 | -€355 | -30.9% |
| Suppliers | 440/4 | €1,148 | €793 | -€355 | -30.9% |
| Taxes, remuneration and social security | 45 | €9,174 | €3,416 | -€5,759 | -62.8% |
| Taxes | 450/3 | €9,174 | €3,416 | -€5,759 | -62.8% |
| Other amounts payable | 47/48 | €141,919 | €157,615 | +€15,696 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,240 | €12,976 | +€5,737 | +79.2% |
| Other operating charges | 640/8 | €577 | €826 | +€249 | +43.2% |
| Gross operating margin | 9900 | €150,185 | €182,333 | +€32,149 | +21.4% |
| Operating profit (loss) | 9901 | €142,368 | €168,531 | +€26,163 | +18.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €605 | €1,195 | +€590 | +97.4% |
| Recurring financial charges | 65 | €605 | €1,195 | +€590 | +97.4% |
| Profit (loss) for the period before taxes | 9903 | €141,763 | €167,336 | +€25,574 | +18.0% |
| Income taxes | 67/77 | €30,717 | €37,540 | +€6,823 | +22.2% |
| Profit (loss) for the period | 9904 | €111,045 | €129,796 | +€18,750 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €111,045 | €129,796 | +€18,750 | +16.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.