SIM Concept: 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.
SIM Concept
Largest movements
- Tangible fixed assets -€35,768
down €35,768 (-6.6%), from €544,478 to €508,710
- Receivables within one year +€11,341
up €11,341 (+26.0%), from €43,560 to €54,901
of which Trade receivables: +€10,235
- Debts after one year -€43,887
down €43,887 (-9.6%), from €454,888 to €411,001
- Reserves +€8,000
up €8,000 (+80.0%), from €10,000 to €18,000
- Current portion of long-term debt +€6,710
up €6,710 (+15.5%), from €43,211 to €49,921
- Financial charges -€2,610
down €2,610 (-27.0%), from €9,652 to €7,043
- Gross operating margin +€2,420
up €2,420 (+2.9%), from €82,160 to €84,580
- Taxes +€1,089
up €1,089 (+10.6%), from €10,236 to €11,325
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 | €591,001 | €567,222 | -€23,779 | -4.0% |
| Fixed assets | 21/28 | €544,478 | €508,710 | -€35,768 | -6.6% |
| Tangible fixed assets | 22/27 | €544,478 | €508,710 | -€35,768 | -6.6% |
| Land and buildings | 22 | €544,478 | €508,710 | -€35,768 | -6.6% |
| Current assets | 29/58 | €46,524 | €58,512 | +€11,988 | +25.8% |
| Amounts receivable within one year | 40/41 | €43,560 | €54,901 | +€11,341 | +26.0% |
| Trade receivables | 40 | €43,560 | €53,795 | +€10,235 | +23.5% |
| Other amounts receivable | 41 | - | €1,106 | +€1,106 | |
| Cash at bank and in hand | 54/58 | €2,495 | €3,139 | +€643 | +25.8% |
| Deferred charges and accrued income | 490/1 | €468 | €472 | +€4 | +0.9% |
| Total equity and liabilities | 10/49 | €591,001 | €567,222 | -€23,779 | -4.0% |
| Equity | 10/15 | €57,882 | €67,590 | +€9,708 | +16.8% |
| Contributions | 10/11 | €8,160 | €8,160 | = | 0.0% |
| Reserves | 13 | €10,000 | €18,000 | +€8,000 | +80.0% |
| Distributable reserves | 133 | €10,000 | €18,000 | +€8,000 | +80.0% |
| Profit (loss) carried forward | 14 | €39,722 | €41,430 | +€1,708 | +4.3% |
| Amounts payable | 17/49 | €533,119 | €499,632 | -€33,488 | -6.3% |
| Amounts payable after more than one year | 17 | €454,888 | €411,001 | -€43,887 | -9.6% |
| Financial debts | 170/4 | €454,888 | €411,001 | -€43,887 | -9.6% |
| Amounts payable within one year | 42/48 | €78,231 | €88,631 | +€10,399 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €43,211 | €49,921 | +€6,710 | +15.5% |
| Trade debts | 44 | €932 | €2,532 | +€1,600 | +171.7% |
| Suppliers | 440/4 | €932 | €2,532 | +€1,600 | +171.7% |
| Taxes, remuneration and social security | 45 | €12,292 | €17,138 | +€4,846 | +39.4% |
| Taxes | 450/3 | €12,292 | €17,138 | +€4,846 | +39.4% |
| Other amounts payable | 47/48 | €21,797 | €19,040 | -€2,757 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,768 | €35,768 | = | 0.0% |
| Other operating charges | 640/8 | €717 | €736 | +€19 | +2.7% |
| Gross operating margin | 9900 | €82,160 | €84,580 | +€2,420 | +2.9% |
| Operating profit (loss) | 9901 | €45,675 | €48,076 | +€2,401 | +5.3% |
| Financial charges | 65/66B | €9,652 | €7,043 | -€2,610 | -27.0% |
| Recurring financial charges | 65 | €9,652 | €7,043 | -€2,610 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €36,022 | €41,033 | +€5,011 | +13.9% |
| Income taxes | 67/77 | €10,236 | €11,325 | +€1,089 | +10.6% |
| Profit (loss) for the period | 9904 | €25,786 | €29,708 | +€3,922 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,786 | €29,708 | +€3,922 | +15.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.