Philippe SIMAR: 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.
Philippe SIMAR
Largest movements
- Receivables within one year +€19,405
up €19,405 (+605.3%), from €3,206 to €22,610
of which Trade receivables: +€22,074
- Cash -€6,744
down €6,744 (-34.4%), from €19,607 to €12,863
mainly Receivables within one year (-€19,405) and Investment in fixed assets (net) (-€13,809)
- Tangible fixed assets +€5,891
up €5,891 (+20.4%), from €28,826 to €34,717
of which Furniture and vehicles: +€7,147
- Deferred charges and accrued income -€5,841
down €5,841 (-86.6%), from €6,742 to €900
- Stocks and contracts -€5,600
down €5,600 (-69.0%), from €8,120 to €2,520
- Accrued charges and deferred income +€10,049
new in 2025: €10,049
- Reserves -€4,459
down €4,459 (-22.3%), from €20,035 to €15,576
- Debts after one year -€4,062
down €4,062 (-62.5%), from €6,505 to €2,442
- Profit (loss) carried forward +€3,894
up €3,894 (+47.6%), from €8,185 to €12,079
- Tax, wage and social debts +€3,113
up €3,113 (+152.5%), from €2,041 to €5,154
of which Taxes: +€1,644
- Gross operating margin -€20,601
down €20,601 (-33.2%), from €62,127 to €41,526
- Staff costs +€4,943
up €4,943 (+17.3%), from €28,545 to €33,488
- Depreciation +€3,141
up €3,141 (+65.7%), from €4,777 to €7,918
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 | €66,499 | €73,610 | +€7,110 | +10.7% |
| Fixed assets | 21/28 | €28,826 | €34,717 | +€5,891 | +20.4% |
| Tangible fixed assets | 22/27 | €28,826 | €34,717 | +€5,891 | +20.4% |
| Land and buildings | 22 | €1,315 | €59 | -€1,256 | -95.5% |
| Furniture and vehicles | 24 | €27,511 | €34,658 | +€7,147 | +26.0% |
| Current assets | 29/58 | €37,674 | €38,893 | +€1,219 | +3.2% |
| Stocks and contracts in progress | 3 | €8,120 | €2,520 | -€5,600 | -69.0% |
| Stocks | 30/36 | €8,120 | €2,520 | -€5,600 | -69.0% |
| Amounts receivable within one year | 40/41 | €3,206 | €22,610 | +€19,405 | +605.3% |
| Trade receivables | 40 | €537 | €22,610 | +€22,074 | +4111.3% |
| Other amounts receivable | 41 | €2,669 | - | -€2,669 | |
| Cash at bank and in hand | 54/58 | €19,607 | €12,863 | -€6,744 | -34.4% |
| Deferred charges and accrued income | 490/1 | €6,742 | €900 | -€5,841 | -86.6% |
| Total equity and liabilities | 10/49 | €66,499 | €73,610 | +€7,110 | +10.7% |
| Equity | 10/15 | €40,620 | €40,055 | -€565 | -1.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €20,035 | €15,576 | -€4,459 | -22.3% |
| Tax-exempt reserves | 132 | €20,035 | €15,576 | -€4,459 | -22.3% |
| Profit (loss) carried forward | 14 | €8,185 | €12,079 | +€3,894 | +47.6% |
| Provisions and deferred taxes | 16 | €6,678 | €5,192 | -€1,486 | -22.3% |
| Deferred taxes | 168 | €6,678 | €5,192 | -€1,486 | -22.3% |
| Amounts payable | 17/49 | €19,202 | €28,363 | +€9,161 | +47.7% |
| Amounts payable after more than one year | 17 | €6,505 | €2,442 | -€4,062 | -62.5% |
| Financial debts | 170/4 | €6,505 | €2,442 | -€4,062 | -62.5% |
| Amounts payable within one year | 42/48 | €12,697 | €15,871 | +€3,175 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €3,910 | €4,062 | +€153 | +3.9% |
| Trade debts | 44 | €4,326 | €5,357 | +€1,030 | +23.8% |
| Suppliers | 440/4 | €4,326 | €5,357 | +€1,030 | +23.8% |
| Taxes, remuneration and social security | 45 | €2,041 | €5,154 | +€3,113 | +152.5% |
| Taxes | 450/3 | €137 | €1,781 | +€1,644 | +1203.4% |
| Remuneration and social security | 454/9 | €1,905 | €3,373 | +€1,469 | +77.1% |
| Other amounts payable | 47/48 | €2,419 | €1,298 | -€1,121 | -46.3% |
| Accrued charges and deferred income | 492/3 | - | €10,049 | +€10,049 | |
| Remuneration, social security and pensions | 62 | €28,545 | €33,488 | +€4,943 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,777 | €7,918 | +€3,141 | +65.7% |
| Other operating charges | 640/8 | €1,111 | €868 | -€243 | -21.9% |
| Gross operating margin | 9900 | €62,127 | €41,526 | -€20,601 | -33.2% |
| Operating profit (loss) | 9901 | €27,694 | -€748 | -€28,442 | |
| Financial income | 75/76B | €34 | €45 | +€10 | +30.0% |
| Recurring financial income | 75 | €34 | €45 | +€10 | +30.0% |
| Financial charges | 65/66B | €1,477 | €1,168 | -€310 | -21.0% |
| Recurring financial charges | 65 | €1,477 | €1,168 | -€310 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €26,251 | -€1,871 | -€28,122 | |
| Transfer from deferred taxes | 780 | €753 | €1,486 | +€733 | +97.3% |
| Transfer to deferred taxes | 680 | €7,432 | - | -€7,432 | |
| Income taxes | 67/77 | €137 | €180 | +€43 | +31.6% |
| Profit (loss) for the period | 9904 | €19,436 | -€565 | -€20,000 | |
| Transfer from tax-exempt reserves | 789 | €2,260 | €4,459 | +€2,199 | +97.3% |
| Transfer to tax-exempt reserves | 689 | €22,295 | - | -€22,295 | |
| Profit (loss) for the period to be appropriated | 9905 | -€599 | €3,894 | +€4,493 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.