S.IM.E: 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.
S.IM.E
Largest movements
- Cash +€146,695
up €146,695 (+53.7%), from €273,128 to €419,824
mainly Net result for the year (+€215,847) and Tax, wage and social debts (+€17,624)
- Deferred charges and accrued income +€53,396
up €53,396 (+80.0%), from €66,726 to €120,122
- Receivables within one year +€38,316
up €38,316 (+225.7%), from €16,979 to €55,294
- Profit (loss) carried forward +€215,847
up €215,847 (+68.7%), from €314,264 to €530,111
- Tax, wage and social debts +€17,624
up €17,624 (+35.7%), from €49,408 to €67,032
- Gross operating margin +€80,824
up €80,824 (+39.5%), from €204,436 to €285,260
- Taxes +€19,936
up €19,936 (+42.4%), from €47,068 to €67,004
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 | €369,401 | €604,203 | +€234,802 | +63.6% |
| Fixed assets | 21/28 | €12,567 | €8,963 | -€3,604 | -28.7% |
| Tangible fixed assets | 22/27 | €12,567 | €8,963 | -€3,604 | -28.7% |
| Plant, machinery and equipment | 23 | €1,483 | €291 | -€1,192 | -80.4% |
| Furniture and vehicles | 24 | €11,084 | €8,672 | -€2,413 | -21.8% |
| Current assets | 29/58 | €356,834 | €595,240 | +€238,407 | +66.8% |
| Amounts receivable within one year | 40/41 | €16,979 | €55,294 | +€38,316 | +225.7% |
| Other amounts receivable | 41 | €16,979 | €55,294 | +€38,316 | +225.7% |
| Cash at bank and in hand | 54/58 | €273,128 | €419,824 | +€146,695 | +53.7% |
| Deferred charges and accrued income | 490/1 | €66,726 | €120,122 | +€53,396 | +80.0% |
| Total equity and liabilities | 10/49 | €369,401 | €604,203 | +€234,802 | +63.6% |
| Equity | 10/15 | €317,264 | €533,111 | +€215,847 | +68.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €314,264 | €530,111 | +€215,847 | +68.7% |
| Amounts payable | 17/49 | €52,136 | €71,092 | +€18,955 | +36.4% |
| Amounts payable within one year | 42/48 | €51,620 | €70,902 | +€19,282 | +37.4% |
| Trade debts | 44 | €2,212 | €3,870 | +€1,658 | +74.9% |
| Suppliers | 440/4 | €2,212 | €3,870 | +€1,658 | +74.9% |
| Taxes, remuneration and social security | 45 | €49,408 | €67,032 | +€17,624 | +35.7% |
| Taxes | 450/3 | €49,408 | €67,032 | +€17,624 | +35.7% |
| Accrued charges and deferred income | 492/3 | €516 | €189 | -€327 | -63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,170 | €3,604 | +€1,434 | +66.1% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | €204,436 | €285,260 | +€80,824 | +39.5% |
| Operating profit (loss) | 9901 | €202,202 | €281,590 | +€79,388 | +39.3% |
| Financial income | 75/76B | €477 | €1,429 | +€952 | +199.7% |
| Recurring financial income | 75 | €477 | €1,429 | +€952 | +199.7% |
| Financial charges | 65/66B | €70 | €168 | +€98 | +138.9% |
| Recurring financial charges | 65 | €70 | €168 | +€98 | +138.9% |
| Profit (loss) for the period before taxes | 9903 | €202,609 | €282,851 | +€80,242 | +39.6% |
| Income taxes | 67/77 | €47,068 | €67,004 | +€19,936 | +42.4% |
| Profit (loss) for the period | 9904 | €155,541 | €215,847 | +€60,306 | +38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €155,541 | €215,847 | +€60,306 | +38.8% |
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 9 October 2026 via checked.be.