SIM-ELEC Construct: 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-ELEC Construct
Largest movements
- Receivables within one year +€23,980
up €23,980 (+148.7%), from €16,129 to €40,109
of which Trade receivables: +€24,984
- Tangible fixed assets +€3,902
up €3,902 (+27.8%), from €14,018 to €17,920
of which Other tangible fixed assets: +€7,480
- Cash +€3,281
up €3,281 (+63.5%), from €5,163 to €8,444
mainly Net result for the year (+€31,799) and Tax, wage and social debts (+€6,973)
- Deferred charges and accrued income +€832
new in 2025: €832
- Profit (loss) carried forward +€31,690
up €31,690 (+134.5%), from €23,561 to €55,251
- Tax, wage and social debts +€6,973
up €6,973 (+474.7%), from €1,469 to €8,442
- Trade debts -€3,778
no longer reported in 2025 (was €3,778)
- Current portion of long-term debt -€3,500
no longer reported in 2025 (was €3,500)
- Gross operating margin +€40,195
up €40,195 (+619.5%), from €6,488 to €46,683
- Taxes +€8,314
up €8,314 (+6495.3%), from €128 to €8,442
- Staff costs -€1,059
down €1,059 (-52.9%), from €2,001 to €942
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 | €36,360 | €68,235 | +€31,875 | +87.7% |
| Fixed assets | 21/28 | €14,618 | €18,400 | +€3,782 | +25.9% |
| Intangible fixed assets | 21 | €600 | €480 | -€120 | -20.0% |
| Tangible fixed assets | 22/27 | €14,018 | €17,920 | +€3,902 | +27.8% |
| Plant, machinery and equipment | 23 | €1,430 | €986 | -€444 | -31.0% |
| Furniture and vehicles | 24 | €3,777 | €643 | -€3,134 | -83.0% |
| Other tangible fixed assets | 26 | €8,811 | €16,291 | +€7,480 | +84.9% |
| Current assets | 29/58 | €21,742 | €49,835 | +€28,093 | +129.2% |
| Stocks and contracts in progress | 3 | €450 | €450 | = | 0.0% |
| Stocks | 30/36 | €450 | €450 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,129 | €40,109 | +€23,980 | +148.7% |
| Trade receivables | 40 | €10,596 | €35,580 | +€24,984 | +235.8% |
| Other amounts receivable | 41 | €5,533 | €4,529 | -€1,004 | -18.1% |
| Cash at bank and in hand | 54/58 | €5,163 | €8,444 | +€3,281 | +63.5% |
| Deferred charges and accrued income | 490/1 | - | €832 | +€832 | |
| Total equity and liabilities | 10/49 | €36,360 | €68,235 | +€31,875 | +87.7% |
| Equity | 10/15 | €26,561 | €58,251 | +€31,690 | +119.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,561 | €55,251 | +€31,690 | +134.5% |
| Amounts payable | 17/49 | €9,799 | €9,984 | +€185 | +1.9% |
| Amounts payable within one year | 42/48 | €9,799 | €9,984 | +€185 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €3,500 | - | -€3,500 | |
| Trade debts | 44 | €3,778 | - | -€3,778 | |
| Suppliers | 440/4 | €3,778 | - | -€3,778 | |
| Taxes, remuneration and social security | 45 | €1,469 | €8,442 | +€6,973 | +474.7% |
| Taxes | 450/3 | €1,469 | €8,442 | +€6,973 | +474.7% |
| Other amounts payable | 47/48 | €1,052 | €1,542 | +€490 | +46.6% |
| Remuneration, social security and pensions | 62 | €2,001 | €942 | -€1,059 | -52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,610 | €5,217 | -€393 | -7.0% |
| Other operating charges | 640/8 | €212 | €127 | -€85 | -40.1% |
| Gross operating margin | 9900 | €6,488 | €46,683 | +€40,195 | +619.5% |
| Operating profit (loss) | 9901 | -€1,335 | €40,397 | +€41,732 | |
| Financial charges | 65/66B | €195 | €156 | -€39 | -20.0% |
| Recurring financial charges | 65 | €195 | €156 | -€39 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,530 | €40,241 | +€41,771 | |
| Income taxes | 67/77 | €128 | €8,442 | +€8,314 | +6495.3% |
| Profit (loss) for the period | 9904 | -€1,658 | €31,799 | +€33,457 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,658 | €31,799 | +€33,457 |
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.