Sim Local (Belgium): 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 Local (Belgium)
Largest movements
- Tangible fixed assets -€36,757
down €36,757 (-32.8%), from €112,002 to €75,245
of which Furniture and vehicles: -€23,283
- Stocks and contracts -€24,480
down €24,480 (-100%), from €24,480 to €0
- Receivables within one year -€19,815
down €19,815 (-64.2%), from €30,849 to €11,034
of which Trade receivables: -€30,661
- Cash -€14,066
down €14,066 (-59.2%), from €23,751 to €9,685
mainly Net result for the year (-€126,833) and Tax, wage and social debts (-€24,903)
- Profit (loss) carried forward -€126,833
down €126,833 (-66.5%), from -€190,789 to -€317,621
- Other debts +€77,207
up €77,207 (+22.0%), from €351,060 to €428,267
- Tax, wage and social debts -€24,903
down €24,903 (-100%), from €24,903 to €0
of which Remuneration and social security: -€21,325
- Trade debts -€12,312
down €12,312 (-45.6%), from €27,022 to €14,710
- Accrued charges and deferred income -€10,417
down €10,417 (-100%), from €10,417 to €0
- Gross operating margin -€102,425
down €102,425, from €31,334 to -€71,091
- Staff costs -€76,176
down €76,176 (-73.0%), from €104,388 to €28,213
- Financial income +€12,244
new in 2025: €12,244
- Financial charges -€6,228
down €6,228 (-67.4%), from €9,244 to €3,016
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 | €222,713 | €125,356 | -€97,358 | -43.7% |
| Fixed assets | 21/28 | €141,702 | €104,636 | -€37,066 | -26.2% |
| Tangible fixed assets | 22/27 | €112,002 | €75,245 | -€36,757 | -32.8% |
| Plant, machinery and equipment | 23 | €31,468 | €17,995 | -€13,474 | -42.8% |
| Furniture and vehicles | 24 | €80,534 | €57,250 | -€23,283 | -28.9% |
| Financial fixed assets | 28 | €29,700 | €29,391 | -€309 | -1.0% |
| Current assets | 29/58 | €81,011 | €20,719 | -€60,292 | -74.4% |
| Stocks and contracts in progress | 3 | €24,480 | €0 | -€24,480 | -100% |
| Stocks | 30/36 | €24,480 | €0 | -€24,480 | -100% |
| Amounts receivable within one year | 40/41 | €30,849 | €11,034 | -€19,815 | -64.2% |
| Trade receivables | 40 | €30,661 | €0 | -€30,661 | -100% |
| Other amounts receivable | 41 | €188 | €11,034 | +€10,846 | +5,763% |
| Cash at bank and in hand | 54/58 | €23,751 | €9,685 | -€14,066 | -59.2% |
| Deferred charges and accrued income | 490/1 | €1,931 | €0 | -€1,931 | -100% |
| Total equity and liabilities | 10/49 | €222,713 | €125,356 | -€97,358 | -43.7% |
| Equity | 10/15 | -€190,689 | -€317,621 | -€126,933 | -66.6% |
| Contributions | 10/11 | €100 | €0 | -€100 | -100% |
| Profit (loss) carried forward | 14 | -€190,789 | -€317,621 | -€126,833 | -66.5% |
| Amounts payable | 17/49 | €413,402 | €442,977 | +€29,575 | +7.2% |
| Amounts payable within one year | 42/48 | €402,985 | €442,977 | +€39,992 | +9.9% |
| Trade debts | 44 | €27,022 | €14,710 | -€12,312 | -45.6% |
| Suppliers | 440/4 | €27,022 | €14,710 | -€12,312 | -45.6% |
| Taxes, remuneration and social security | 45 | €24,903 | €0 | -€24,903 | -100% |
| Taxes | 450/3 | €3,578 | €0 | -€3,578 | -100% |
| Remuneration and social security | 454/9 | €21,325 | €0 | -€21,325 | -100% |
| Other amounts payable | 47/48 | €351,060 | €428,267 | +€77,207 | +22.0% |
| Accrued charges and deferred income | 492/3 | €10,417 | €0 | -€10,417 | -100% |
| Remuneration, social security and pensions | 62 | €104,388 | €28,213 | -€76,176 | -73.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,305 | €36,757 | -€548 | -1.5% |
| Gross operating margin | 9900 | €31,334 | -€71,091 | -€102,425 | |
| Operating profit (loss) | 9901 | -€110,360 | -€136,061 | -€25,701 | -23.3% |
| Financial income | 75/76B | - | €12,244 | +€12,244 | |
| Recurring financial income | 75 | - | €12,244 | +€12,244 | |
| Financial charges | 65/66B | €9,244 | €3,016 | -€6,228 | -67.4% |
| Recurring financial charges | 65 | €9,244 | €3,016 | -€6,228 | -67.4% |
| Profit (loss) for the period before taxes | 9903 | -€119,604 | -€126,833 | -€7,229 | -6.0% |
| Profit (loss) for the period | 9904 | -€119,604 | -€126,833 | -€7,229 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€119,604 | -€126,833 | -€7,229 | -6.0% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.