SIM ECHELPOELS: 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 ECHELPOELS
Largest movements
- Tangible fixed assets -€3,176
down €3,176 (-25.4%), from €12,500 to €9,323
of which Furniture and vehicles: -€1,762
- Deferred charges and accrued income +€2,719
up €2,719 (+517%), from €526 to €3,245
- Receivables within one year +€922
up €922 (+5.6%), from €16,330 to €17,253
of which Other amounts receivable: +€1,160
- Cash -€844
down €844 (-7.0%), from €12,062 to €11,217
mainly Contributions, distributions and other (-€10,000) and Other debts (-€9,160)
- Other debts -€9,160
down €9,160 (-40.6%), from €22,572 to €13,412
- Reserves +€6,251
up €6,251 (+36.0%), from €17,342 to €23,593
- Trade debts +€2,530
up €2,530 (+503%), from €503 to €3,032
- Gross operating margin +€4,784
up €4,784 (+18.6%), from €25,681 to €30,464
- Taxes +€669
up €669 (+12.9%), from €5,198 to €5,867
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 | €41,417 | €41,038 | -€379 | -0.9% |
| Fixed assets | 21/28 | €12,500 | €9,323 | -€3,176 | -25.4% |
| Tangible fixed assets | 22/27 | €12,500 | €9,323 | -€3,176 | -25.4% |
| Plant, machinery and equipment | 23 | €734 | €424 | -€310 | -42.2% |
| Furniture and vehicles | 24 | €5,214 | €3,452 | -€1,762 | -33.8% |
| Other tangible fixed assets | 26 | €6,552 | €5,447 | -€1,105 | -16.9% |
| Current assets | 29/58 | €28,918 | €31,715 | +€2,797 | +9.7% |
| Amounts receivable within one year | 40/41 | €16,330 | €17,253 | +€922 | +5.6% |
| Trade receivables | 40 | €11,738 | €11,500 | -€238 | -2.0% |
| Other amounts receivable | 41 | €4,592 | €5,753 | +€1,160 | +25.3% |
| Cash at bank and in hand | 54/58 | €12,062 | €11,217 | -€844 | -7.0% |
| Deferred charges and accrued income | 490/1 | €526 | €3,245 | +€2,719 | +517% |
| Total equity and liabilities | 10/49 | €41,417 | €41,038 | -€379 | -0.9% |
| Equity | 10/15 | €18,342 | €24,593 | +€6,251 | +34.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €17,342 | €23,593 | +€6,251 | +36.0% |
| Distributable reserves | 133 | €17,342 | €23,593 | +€6,251 | +36.0% |
| Amounts payable | 17/49 | €23,075 | €16,445 | -€6,631 | -28.7% |
| Amounts payable within one year | 42/48 | €23,075 | €16,445 | -€6,631 | -28.7% |
| Trade debts | 44 | €503 | €3,032 | +€2,530 | +503% |
| Suppliers | 440/4 | €503 | €3,032 | +€2,530 | +503% |
| Other amounts payable | 47/48 | €22,572 | €13,412 | -€9,160 | -40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,927 | €3,176 | +€249 | +8.5% |
| Other operating charges | 640/8 | €1,002 | €1,085 | +€83 | +8.3% |
| Gross operating margin | 9900 | €25,681 | €30,464 | +€4,784 | +18.6% |
| Operating profit (loss) | 9901 | €21,752 | €26,203 | +€4,451 | +20.5% |
| Financial income | 75/76B | €3 | €2 | -€1 | -19.9% |
| Recurring financial income | 75 | €3 | €2 | -€1 | -19.9% |
| Financial charges | 65/66B | €4,116 | €4,087 | -€29 | -0.7% |
| Recurring financial charges | 65 | €4,116 | €4,087 | -€29 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €17,639 | €22,118 | +€4,480 | +25.4% |
| Income taxes | 67/77 | €5,198 | €5,867 | +€669 | +12.9% |
| Profit (loss) for the period | 9904 | €12,441 | €16,251 | +€3,811 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,441 | €16,251 | +€3,811 | +30.6% |
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 19 October 2026 via checked.be.