MARC SIMEON: what changed
MARC SIMEON
Largest movements
- Cash +€164,281
up €164,281 (+104%), from €158,146 to €322,427
mainly Depreciation (+€192,559) and Other debts (+€132,250)
- Tangible fixed assets -€84,165
down €84,165 (-11.4%), from €739,564 to €655,399
of which Furniture and vehicles: -€123,688
- Receivables within one year -€42,540
down €42,540 (-64.2%), from €66,264 to €23,724
of which Trade receivables: -€35,365
- Other debts +€132,250
up €132,250 (+4,860%), from €2,721 to €134,971
- Reserves -€83,000
down €83,000 (-11.5%), from €719,000 to €636,000
of which Distributable reserves: -€83,000
- Purchases and services -€57,131
down €57,131 (-14.8%), from €385,461 to €328,330
- Gross operating margin -€51,652
down €51,652 (-11.2%), from €460,401 to €408,749
- Taxes -€27,246
down €27,246 (-39.5%), from €69,000 to €41,754
- Depreciation +€22,441
up €22,441 (+13.2%), from €170,118 to €192,559
- Other operating charges +€15,599
up €15,599 (+79.1%), from €19,709 to €35,308
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 | €963,974 | €1,001,550 | +€37,576 | +3.9% |
| Fixed assets | 21/28 | €739,564 | €655,399 | -€84,165 | -11.4% |
| Tangible fixed assets | 22/27 | €739,564 | €655,399 | -€84,165 | -11.4% |
| Plant, machinery and equipment | 23 | €165,797 | €205,320 | +€39,523 | +23.8% |
| Furniture and vehicles | 24 | €573,767 | €450,079 | -€123,688 | -21.6% |
| Current assets | 29/58 | €224,410 | €346,151 | +€121,741 | +54.2% |
| Amounts receivable within one year | 40/41 | €66,264 | €23,724 | -€42,540 | -64.2% |
| Trade receivables | 40 | €55,589 | €20,224 | -€35,365 | -63.6% |
| Other amounts receivable | 41 | €10,675 | €3,500 | -€7,175 | -67.2% |
| Cash at bank and in hand | 54/58 | €158,146 | €322,427 | +€164,281 | +104% |
| Total equity and liabilities | 10/49 | €963,974 | €1,001,550 | +€37,576 | +3.9% |
| Equity | 10/15 | €924,772 | €838,176 | -€86,596 | -9.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €719,000 | €636,000 | -€83,000 | -11.5% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €709,000 | €626,000 | -€83,000 | -11.7% |
| Profit (loss) carried forward | 14 | €102,001 | €102,176 | +€175 | +0.2% |
| Investment grants | 15 | €3,771 | €0 | -€3,771 | -100% |
| Amounts payable | 17/49 | €39,202 | €163,374 | +€124,172 | +317% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €39,202 | €163,374 | +€124,172 | +317% |
| Trade debts | 44 | - | €294 | +€294 | |
| Suppliers | 440/4 | - | €294 | +€294 | |
| Taxes, remuneration and social security | 45 | €36,481 | €28,109 | -€8,372 | -22.9% |
| Taxes | 450/3 | €29,422 | €19,688 | -€9,734 | -33.1% |
| Remuneration and social security | 454/9 | €7,059 | €8,421 | +€1,362 | +19.3% |
| Other amounts payable | 47/48 | €2,721 | €134,971 | +€132,250 | +4,860% |
| Goods, raw materials, services and sundry goods | 60/61 | €385,461 | €328,330 | -€57,131 | -14.8% |
| Remuneration, social security and pensions | 62 | €39,458 | €48,132 | +€8,674 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,118 | €192,559 | +€22,441 | +13.2% |
| Other operating charges | 640/8 | €19,709 | €35,308 | +€15,599 | +79.1% |
| Gross operating margin | 9900 | €460,401 | €408,749 | -€51,652 | -11.2% |
| Operating profit (loss) | 9901 | €231,116 | €132,750 | -€98,366 | -42.6% |
| Financial income | 75/76B | €10,149 | €3,771 | -€6,378 | -62.8% |
| Recurring financial income | 75 | €10,149 | €3,771 | -€6,378 | -62.8% |
| Financial charges | 65/66B | €885 | €1,592 | +€707 | +79.9% |
| Recurring financial charges | 65 | €885 | €1,592 | +€707 | +79.9% |
| Profit (loss) for the period before taxes | 9903 | €240,380 | €134,929 | -€105,451 | -43.9% |
| Income taxes | 67/77 | €69,000 | €41,754 | -€27,246 | -39.5% |
| Profit (loss) for the period | 9904 | €171,380 | €93,175 | -€78,205 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €171,380 | €93,175 | -€78,205 | -45.6% |
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 5 November 2026 via checked.be.