N.G. SIMON: 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.
N.G. SIMON
Largest movements
- Stocks and contracts -€593,435
down €593,435 (-100%), from €593,435 to €0
- Cash +€139,026
up €139,026 (+41.9%), from €331,708 to €470,734
mainly Stocks and contracts (+€593,435) and Receivables within one year (+€105,706)
- Receivables within one year -€105,706
down €105,706 (-90.1%), from €117,342 to €11,636
of which Trade receivables: -€105,706
- Tangible fixed assets -€48,947
down €48,947 (-11.2%), from €438,102 to €389,155
of which Land and buildings: -€45,917
- Trade debts -€283,944
down €283,944 (-97.3%), from €291,743 to €7,799
- Other debts -€197,879
down €197,879 (-29.1%), from €680,980 to €483,101
- Profit (loss) carried forward -€104,091
down €104,091 (-27.8%), from €374,458 to €270,367
- Tax, wage and social debts -€23,248
down €23,248 (-73.6%), from €31,602 to €8,354
of which Remuneration and social security: -€20,373
- Turnover -€1.9m
down €1.9m (-62.4%), from €3.1m to €1.1m
- Purchases and services -€1.8m
down €1.8m (-64.0%), from €2.8m to €1.0m
- Staff costs -€194,915
down €194,915 (-86.1%), from €226,471 to €31,556
- Write-downs +€151,783
new in 2025: €151,783
- Gross operating margin -€119,379
down €119,379 (-45.4%), from €262,896 to €143,517
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.
Derived cash bridge
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 | €1,485,004 | €875,842 | -€609,162 | -41.0% |
| Fixed assets | 21/28 | €442,519 | €393,472 | -€49,047 | -11.1% |
| Tangible fixed assets | 22/27 | €438,102 | €389,155 | -€48,947 | -11.2% |
| Land and buildings | 22 | €399,102 | €353,185 | -€45,917 | -11.5% |
| Plant, machinery and equipment | 23 | €22,031 | €19,592 | -€2,439 | -11.1% |
| Furniture and vehicles | 24 | €16,969 | €16,378 | -€591 | -3.5% |
| Financial fixed assets | 28 | €4,417 | €4,317 | -€100 | -2.3% |
| Current assets | 29/58 | €1,042,485 | €482,370 | -€560,115 | -53.7% |
| Stocks and contracts in progress | 3 | €593,435 | €0 | -€593,435 | -100% |
| Stocks | 30/36 | €593,435 | €0 | -€593,435 | -100% |
| Amounts receivable within one year | 40/41 | €117,342 | €11,636 | -€105,706 | -90.1% |
| Trade receivables | 40 | €108,418 | €2,712 | -€105,706 | -97.5% |
| Other amounts receivable | 41 | €8,924 | €8,924 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €331,708 | €470,734 | +€139,026 | +41.9% |
| Total equity and liabilities | 10/49 | €1,485,004 | €875,842 | -€609,162 | -41.0% |
| Equity | 10/15 | €480,679 | €376,588 | -€104,091 | -21.7% |
| 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 | €44,221 | €44,221 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €38,021 | €38,021 | = | 0.0% |
| Profit (loss) carried forward | 14 | €374,458 | €270,367 | -€104,091 | -27.8% |
| Amounts payable | 17/49 | €1,004,325 | €499,254 | -€505,071 | -50.3% |
| Amounts payable within one year | 42/48 | €1,004,325 | €499,254 | -€505,071 | -50.3% |
| Trade debts | 44 | €291,743 | €7,799 | -€283,944 | -97.3% |
| Suppliers | 440/4 | €291,743 | €7,799 | -€283,944 | -97.3% |
| Taxes, remuneration and social security | 45 | €31,602 | €8,354 | -€23,248 | -73.6% |
| Taxes | 450/3 | €10,572 | €7,697 | -€2,875 | -27.2% |
| Remuneration and social security | 454/9 | €21,030 | €657 | -€20,373 | -96.9% |
| Other amounts payable | 47/48 | €680,980 | €483,101 | -€197,879 | -29.1% |
| Turnover | 70 | €3,050,260 | €1,145,579 | -€1.9m | -62.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,787,364 | €1,002,062 | -€1.8m | -64.0% |
| Remuneration, social security and pensions | 62 | €226,471 | €31,556 | -€194,915 | -86.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,798 | €48,781 | -€9,017 | -15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €151,783 | +€151,783 | |
| Other operating charges | 640/8 | €18,217 | €15,936 | -€2,281 | -12.5% |
| Non-recurring operating charges | 66A | - | €100 | +€100 | |
| Gross operating margin | 9900 | €262,896 | €143,517 | -€119,379 | -45.4% |
| Operating profit (loss) | 9901 | -€39,590 | -€104,639 | -€65,049 | -164% |
| Financial income | 75/76B | €4,163 | €17,591 | +€13,428 | +323% |
| Recurring financial income | 75 | €29 | €8 | -€21 | -72.4% |
| Non-recurring financial income | 76B | €4,134 | €17,583 | +€13,449 | +325% |
| Financial charges | 65/66B | €21,360 | €17,043 | -€4,317 | -20.2% |
| Recurring financial charges | 65 | €21,360 | €17,043 | -€4,317 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | -€56,787 | -€104,091 | -€47,304 | -83.3% |
| Income taxes | 67/77 | €2 | - | -€2 | |
| Profit (loss) for the period | 9904 | -€56,789 | -€104,091 | -€47,302 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,789 | -€104,091 | -€47,302 | -83.3% |
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 18 October 2026 via checked.be.