ROBERT SIMILON: 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.
ROBERT SIMILON
Largest movements
- Cash +€427,664
up €427,664 (+217.2%), from €196,877 to €624,542
mainly Current investments (+€400,000) and Net result for the year (+€197,895)
- Current investments -€400,000
down €400,000 (-100.0%), from €400,000 to €0
- Tangible fixed assets +€73,205
up €73,205 (+142.5%), from €51,372 to €124,577
of which Furniture and vehicles: +€73,652
- Receivables within one year -€60,383
down €60,383 (-23.6%), from €256,222 to €195,839
of which Trade receivables: -€89,135
- Deferred charges and accrued income -€13,498
down €13,498 (-25.4%), from €53,190 to €39,692
- Reserves -€133,402
down €133,402 (-21.6%), from €618,852 to €485,450
of which Distributable reserves: -€133,402
- Other debts +€130,663
up €130,663 (+65.1%), from €200,634 to €331,297
- Debts after one year +€49,217
up €49,217 (+543.2%), from €9,061 to €58,278
- Trade debts -€24,637
down €24,637 (-50.1%), from €49,208 to €24,572
- Current portion of long-term debt +€20,945
up €20,945 (+737.7%), from €2,839 to €23,784
- Gross operating margin +€85,589
up €85,589 (+33.0%), from €259,063 to €344,652
- Taxes +€20,232
up €20,232 (+29.3%), from €68,984 to €89,216
- Staff costs +€14,098
up €14,098 (+69.3%), from €20,336 to €34,434
- Depreciation +€9,118
up €9,118 (+50.9%), from €17,897 to €27,015
- Financial income +€7,081
up €7,081 (+107.9%), from €6,560 to €13,641
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 | €958,316 | €984,649 | +€26,334 | +2.7% |
| Fixed assets | 21/28 | €52,027 | €124,577 | +€72,550 | +139.4% |
| Intangible fixed assets | 21 | €654 | €0 | -€654 | -100.0% |
| Tangible fixed assets | 22/27 | €51,372 | €124,577 | +€73,205 | +142.5% |
| Plant, machinery and equipment | 23 | €13,538 | €13,090 | -€447 | -3.3% |
| Furniture and vehicles | 24 | €37,834 | €111,487 | +€73,652 | +194.7% |
| Current assets | 29/58 | €906,289 | €860,072 | -€46,217 | -5.1% |
| Amounts receivable within one year | 40/41 | €256,222 | €195,839 | -€60,383 | -23.6% |
| Trade receivables | 40 | €243,985 | €154,851 | -€89,135 | -36.5% |
| Other amounts receivable | 41 | €12,237 | €40,988 | +€28,751 | +235.0% |
| Current investments | 50/53 | €400,000 | €0 | -€400,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €196,877 | €624,542 | +€427,664 | +217.2% |
| Deferred charges and accrued income | 490/1 | €53,190 | €39,692 | -€13,498 | -25.4% |
| Total equity and liabilities | 10/49 | €958,316 | €984,649 | +€26,334 | +2.7% |
| Equity | 10/15 | €648,852 | €515,450 | -€133,402 | -20.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €618,852 | €485,450 | -€133,402 | -21.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €618,852 | €485,450 | -€133,402 | -21.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €309,464 | €469,199 | +€159,736 | +51.6% |
| Amounts payable after more than one year | 17 | €9,061 | €58,278 | +€49,217 | +543.2% |
| Financial debts | 170/4 | €9,061 | €58,278 | +€49,217 | +543.2% |
| Amounts payable within one year | 42/48 | €300,403 | €410,922 | +€110,519 | +36.8% |
| Current portion of amounts payable after more than one year | 42 | €2,839 | €23,784 | +€20,945 | +737.7% |
| Trade debts | 44 | €49,208 | €24,572 | -€24,637 | -50.1% |
| Suppliers | 440/4 | €49,208 | €24,572 | -€24,637 | -50.1% |
| Taxes, remuneration and social security | 45 | €47,721 | €31,269 | -€16,452 | -34.5% |
| Taxes | 450/3 | €42,914 | €24,210 | -€18,704 | -43.6% |
| Remuneration and social security | 454/9 | €4,807 | €7,058 | +€2,251 | +46.8% |
| Other amounts payable | 47/48 | €200,634 | €331,297 | +€130,663 | +65.1% |
| Remuneration, social security and pensions | 62 | €20,336 | €34,434 | +€14,098 | +69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,897 | €27,015 | +€9,118 | +50.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €1,919 | €6,422 | +€4,502 | +234.6% |
| Gross operating margin | 9900 | €259,063 | €344,652 | +€85,589 | +33.0% |
| Operating profit (loss) | 9901 | €218,910 | €276,781 | +€57,871 | +26.4% |
| Financial income | 75/76B | €6,560 | €13,641 | +€7,081 | +107.9% |
| Recurring financial income | 75 | €6,560 | €13,641 | +€7,081 | +107.9% |
| Financial charges | 65/66B | €1,051 | €3,311 | +€2,260 | +215.0% |
| Recurring financial charges | 65 | €1,051 | €3,311 | +€2,260 | +215.0% |
| Profit (loss) for the period before taxes | 9903 | €224,420 | €287,111 | +€62,691 | +27.9% |
| Income taxes | 67/77 | €68,984 | €89,216 | +€20,232 | +29.3% |
| Profit (loss) for the period | 9904 | €155,435 | €197,895 | +€42,460 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €155,435 | €197,895 | +€42,460 | +27.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.