NICO SIMONS: what changed
What changed
NICO SIMONS
NACE 43.310, Plastering work
filed annual accounts (NBB)
Net result for the year
€39,414
2024 · €13,462+€25,952
Equity
€204,341
2024 · €174,897+€29,443
Cash
€19,051
2024 · €13,564+€5,487
Balance sheet total
€280,361
2024 · €184,914+€95,446
Largest movements
Assets
- Tangible fixed assets +€55,940
up €55,940 (+364%), from €15,365 to €71,306
of which Furniture and vehicles: +€58,160
- Receivables within one year +€38,770
up €38,770 (+108%), from €36,036 to €74,806
of which Other amounts receivable: +€24,262
- Cash +€5,487
up €5,487 (+40.5%), from €13,564 to €19,051
mainly Debts after one year (+€40,304) and Net result for the year (+€39,414)
- Current investments -€4,623
down €4,623 (-4.2%), from €109,736 to €105,113
Equity and liabilities
- Debts after one year +€40,304
new in 2025: €40,304
- Reserves +€29,443
up €29,443 (+17.6%), from €167,647 to €197,091
of which Tax-exempt reserves: +€16,614
- Current portion of long-term debt +€16,926
new in 2025: €16,926
- Trade debts +€7,568
up €7,568 (+172%), from €4,405 to €11,973
- Provisions +€4,153
new in 2025: €4,153
Income statement
- Gross operating margin +€26,587
up €26,587 (+72.7%), from €36,585 to €63,173
- Depreciation +€13,901
up €13,901 (+336%), from €4,131 to €18,033
- Financial income +€8,502
up €8,502 (+4,101%), from €207 to €8,710
- Write-downs -€5,415
down €5,415 (-100%), from €5,415 to €0
- Other operating charges -€5,125
down €5,125 (-79.2%), from €6,468 to €1,343
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.
Result 2024
€13,462
Gross operating margin
+€26,587
Depreciation
-€13,901
Write-downs
+€5,415
Other operating charges
+€5,125
Financial income
+€8,502
Financial charges
-€219
Taxes
-€1,404
Deferred taxes and other
-€4,153
Result 2025
€39,414
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€27,316
Investment
-€69,088
Financing
+€47,259
Cash 2024
€13,564
From operations (derived)
+€27,316
Net result for the year
+€39,414
Depreciation
+€18,033
Receivables within one year
-€38,770
Deferred charges and accrued income
-€133
Provisions
+€4,153
Trade debts
+€7,568
Tax, wage and social debts
-€2,949
Investment (derived)
-€69,088
Investment in fixed assets (net)
-€73,711
Current investments
+€4,623
Financing
+€47,259
Debts after one year
+€40,304
Current portion of long-term debt
+€16,926
Contributions, distributions and other
-€9,971
Cash 2025
€19,051
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €184,914 | €280,361 | +€95,446 | +51.6% |
| Fixed assets | 21/28 | €24,769 | €80,446 | +€55,678 | +225% |
| Intangible fixed assets | 21 | €403 | €141 | -€263 | -65.1% |
| Tangible fixed assets | 22/27 | €15,365 | €71,306 | +€55,940 | +364% |
| Plant, machinery and equipment | 23 | €1,110 | €599 | -€511 | -46.0% |
| Furniture and vehicles | 24 | €4,778 | €62,938 | +€58,160 | +1,217% |
| Other tangible fixed assets | 26 | €9,477 | €7,768 | -€1,709 | -18.0% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €160,146 | €199,914 | +€39,768 | +24.8% |
| Amounts receivable within one year | 40/41 | €36,036 | €74,806 | +€38,770 | +108% |
| Trade receivables | 40 | €20,271 | €34,779 | +€14,508 | +71.6% |
| Other amounts receivable | 41 | €15,765 | €40,027 | +€24,262 | +154% |
| Current investments | 50/53 | €109,736 | €105,113 | -€4,623 | -4.2% |
| Cash at bank and in hand | 54/58 | €13,564 | €19,051 | +€5,487 | +40.5% |
| Deferred charges and accrued income | 490/1 | €810 | €943 | +€133 | +16.4% |
| Total equity and liabilities | 10/49 | €184,914 | €280,361 | +€95,446 | +51.6% |
| Equity | 10/15 | €174,897 | €204,341 | +€29,443 | +16.8% |
| Contributions | 10/11 | €7,250 | €7,250 | = | 0.0% |
| Reserves | 13 | €167,647 | €197,091 | +€29,443 | +17.6% |
| Tax-exempt reserves | 132 | €14,500 | €31,114 | +€16,614 | +115% |
| Distributable reserves | 133 | €153,147 | €165,977 | +€12,830 | +8.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €4,153 | +€4,153 | |
| Deferred taxes | 168 | - | €4,153 | +€4,153 | |
| Amounts payable | 17/49 | €10,017 | €71,867 | +€61,849 | +617% |
| Amounts payable after more than one year | 17 | - | €40,304 | +€40,304 | |
| Financial debts | 170/4 | - | €40,304 | +€40,304 | |
| Amounts payable within one year | 42/48 | €10,017 | €31,563 | +€21,546 | +215% |
| Current portion of amounts payable after more than one year | 42 | - | €16,926 | +€16,926 | |
| Trade debts | 44 | €4,405 | €11,973 | +€7,568 | +172% |
| Suppliers | 440/4 | €4,405 | €11,973 | +€7,568 | +172% |
| Taxes, remuneration and social security | 45 | €5,612 | €2,663 | -€2,949 | -52.5% |
| Taxes | 450/3 | €5,612 | €2,663 | -€2,949 | -52.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,200 | €25,000 | +€22,800 | +1,036% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,131 | €18,033 | +€13,901 | +336% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,415 | €0 | -€5,415 | -100% |
| Other operating charges | 640/8 | €6,468 | €1,343 | -€5,125 | -79.2% |
| Gross operating margin | 9900 | €36,585 | €63,173 | +€26,587 | +72.7% |
| Operating profit (loss) | 9901 | €20,570 | €43,797 | +€23,226 | +113% |
| Financial income | 75/76B | €207 | €8,710 | +€8,502 | +4,101% |
| Recurring financial income | 75 | €207 | €8,710 | +€8,502 | +4,101% |
| Financial charges | 65/66B | €1,703 | €1,922 | +€219 | +12.8% |
| Recurring financial charges | 65 | €1,703 | €1,922 | +€219 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €19,074 | €50,584 | +€31,510 | +165% |
| Transfer from deferred taxes | 780 | - | €847 | +€847 | |
| Transfer to deferred taxes | 680 | - | €5,000 | +€5,000 | |
| Income taxes | 67/77 | €5,612 | €7,017 | +€1,404 | +25.0% |
| Profit (loss) for the period | 9904 | €13,462 | €39,414 | +€25,952 | +193% |
| Transfer from tax-exempt reserves | 789 | - | €3,386 | +€3,386 | |
| Transfer to tax-exempt reserves | 689 | - | €20,000 | +€20,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,462 | €22,800 | +€9,338 | +69.4% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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.