SIM CONSTRUCT: 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.
SIM CONSTRUCT
Largest movements
- Tangible fixed assets -€10,572
down €10,572 (-9.1%), from €116,731 to €106,159
of which Land and buildings: -€9,596
- Receivables within one year -€6,529
down €6,529 (-42.4%), from €15,390 to €8,861
of which Other amounts receivable: -€3,675
- Cash +€4,425
up €4,425 (+18.3%), from €24,116 to €28,541
mainly Depreciation (+€10,572) and Net result for the year (+€9,781)
- Current portion of long-term debt -€15,299
down €15,299 (-100%), from €15,299 to €0
- Reserves +€4,987
up €4,987 (+10.8%), from €46,318 to €51,305
of which Distributable reserves: +€4,987
- Other debts -€4,016
down €4,016 (-9.9%), from €40,595 to €36,580
- Tax, wage and social debts +€2,028
up €2,028 (+1,831%), from €111 to €2,139
- Gross operating margin -€10,444
down €10,444 (-26.6%), from €39,203 to €28,759
- Taxes -€2,949
down €2,949 (-38.9%), from €7,589 to €4,639
- Financial charges -€1,284
down €1,284 (-46.8%), from €2,745 to €1,461
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.
Derived cash bridge
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 | €156,747 | €144,087 | -€12,661 | -8.1% |
| Fixed assets | 21/28 | €116,731 | €106,159 | -€10,572 | -9.1% |
| Tangible fixed assets | 22/27 | €116,731 | €106,159 | -€10,572 | -9.1% |
| Land and buildings | 22 | €115,755 | €106,159 | -€9,596 | -8.3% |
| Furniture and vehicles | 24 | €975 | €0 | -€975 | -100% |
| Current assets | 29/58 | €40,016 | €37,928 | -€2,089 | -5.2% |
| Amounts receivable within one year | 40/41 | €15,390 | €8,861 | -€6,529 | -42.4% |
| Trade receivables | 40 | €10,012 | €7,158 | -€2,854 | -28.5% |
| Other amounts receivable | 41 | €5,378 | €1,703 | -€3,675 | -68.3% |
| Cash at bank and in hand | 54/58 | €24,116 | €28,541 | +€4,425 | +18.3% |
| Deferred charges and accrued income | 490/1 | €511 | €526 | +€15 | +2.9% |
| Total equity and liabilities | 10/49 | €156,747 | €144,087 | -€12,661 | -8.1% |
| Equity | 10/15 | €99,491 | €104,478 | +€4,987 | +5.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €46,318 | €51,305 | +€4,987 | +10.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €46,318 | €51,305 | +€4,987 | +10.8% |
| Profit (loss) carried forward | 14 | €33,173 | €33,173 | = | 0.0% |
| Amounts payable | 17/49 | €57,256 | €39,609 | -€17,648 | -30.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €56,869 | €38,845 | -€18,024 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €15,299 | €0 | -€15,299 | -100% |
| Trade debts | 44 | €864 | €126 | -€738 | -85.4% |
| Suppliers | 440/4 | €864 | €126 | -€738 | -85.4% |
| Taxes, remuneration and social security | 45 | €111 | €2,139 | +€2,028 | +1,831% |
| Taxes | 450/3 | €111 | €2,139 | +€2,028 | +1,831% |
| Other amounts payable | 47/48 | €40,595 | €36,580 | -€4,016 | -9.9% |
| Accrued charges and deferred income | 492/3 | €387 | €763 | +€376 | +97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,596 | €10,572 | -€25 | -0.2% |
| Other operating charges | 640/8 | €2,490 | €2,404 | -€86 | -3.5% |
| Gross operating margin | 9900 | €39,203 | €28,759 | -€10,444 | -26.6% |
| Operating profit (loss) | 9901 | €26,117 | €15,783 | -€10,334 | -39.6% |
| Financial income | 75/76B | €402 | €98 | -€305 | -75.7% |
| Recurring financial income | 75 | €402 | €98 | -€305 | -75.7% |
| Financial charges | 65/66B | €2,745 | €1,461 | -€1,284 | -46.8% |
| Recurring financial charges | 65 | €2,745 | €1,461 | -€1,284 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | €23,774 | €14,420 | -€9,354 | -39.3% |
| Income taxes | 67/77 | €7,589 | €4,639 | -€2,949 | -38.9% |
| Profit (loss) for the period | 9904 | €16,186 | €9,781 | -€6,405 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,186 | €9,781 | -€6,405 | -39.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.