SIM RENOV: 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 RENOV
Largest movements
- Receivables within one year -€19,882
no longer reported in 2025 (was €19,882)
of which Trade receivables: -€11,177
- Cash +€7,401
up €7,401 (+19.5%), from €37,982 to €45,383
mainly Receivables within one year (+€19,882) and Net result for the year (+€12,474)
- Tangible fixed assets +€3,126
new in 2025: €3,126
of which Plant, machinery and equipment: +€1,672
- Accrued charges and deferred income -€19,009
no longer reported in 2025 (was €19,009)
- Profit (loss) carried forward +€12,474
up €12,474 (+139.9%), from €8,914 to €21,388
- Trade debts -€5,133
down €5,133 (-43.6%), from €11,768 to €6,635
- Tax, wage and social debts +€1,628
up €1,628 (+48.5%), from €3,353 to €4,981
- Staff costs -€6,700
down €6,700 (-100.0%), from €6,700 to €0
- Other operating charges -€3,005
down €3,005 (-43.1%), from €6,968 to €3,963
- Gross operating margin -€1,742
down €1,742 (-7.0%), from €24,970 to €23,228
- Taxes +€1,628
up €1,628 (+48.5%), from €3,353 to €4,981
- Depreciation +€1,291
up €1,291 (+293.4%), from €440 to €1,731
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 | €58,675 | €48,802 | -€9,873 | -16.8% |
| Fixed assets | 21/28 | €811 | €3,419 | +€2,608 | +321.4% |
| Intangible fixed assets | 21 | €733 | €293 | -€440 | -60.0% |
| Tangible fixed assets | 22/27 | - | €3,126 | +€3,126 | |
| Plant, machinery and equipment | 23 | - | €1,672 | +€1,672 | |
| Furniture and vehicles | 24 | - | €1,454 | +€1,454 | |
| Financial fixed assets | 28 | €78 | - | -€78 | |
| Current assets | 29/58 | €57,864 | €45,383 | -€12,481 | -21.6% |
| Amounts receivable within one year | 40/41 | €19,882 | - | -€19,882 | |
| Trade receivables | 40 | €11,177 | - | -€11,177 | |
| Other amounts receivable | 41 | €8,705 | - | -€8,705 | |
| Cash at bank and in hand | 54/58 | €37,982 | €45,383 | +€7,401 | +19.5% |
| Total equity and liabilities | 10/49 | €58,675 | €48,802 | -€9,873 | -16.8% |
| Equity | 10/15 | €15,184 | €27,658 | +€12,474 | +82.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | - | €6,200 | +€6,200 | |
| Share premium | 1100/10 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €70 | €70 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €70 | €70 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €70 | €70 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €8,914 | €21,388 | +€12,474 | +139.9% |
| Amounts payable | 17/49 | €43,491 | €21,144 | -€22,347 | -51.4% |
| Amounts payable within one year | 42/48 | €24,483 | €21,144 | -€3,339 | -13.6% |
| Financial debts | 43 | €60 | €60 | +€0 | +0.8% |
| Credit institutions | 430/8 | €60 | €60 | +€0 | +0.8% |
| Trade debts | 44 | €11,768 | €6,635 | -€5,133 | -43.6% |
| Suppliers | 440/4 | €11,768 | €6,635 | -€5,133 | -43.6% |
| Taxes, remuneration and social security | 45 | €3,353 | €4,981 | +€1,628 | +48.5% |
| Taxes | 450/3 | €3,353 | €4,981 | +€1,628 | +48.5% |
| Other amounts payable | 47/48 | €9,302 | €9,468 | +€166 | +1.8% |
| Accrued charges and deferred income | 492/3 | €19,009 | - | -€19,009 | |
| Remuneration, social security and pensions | 62 | €6,700 | €0 | -€6,700 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €440 | €1,731 | +€1,291 | +293.4% |
| Other operating charges | 640/8 | €6,968 | €3,963 | -€3,005 | -43.1% |
| Gross operating margin | 9900 | €24,970 | €23,228 | -€1,742 | -7.0% |
| Operating profit (loss) | 9901 | €10,862 | €17,534 | +€6,672 | +61.4% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €46 | €79 | +€33 | +71.0% |
| Recurring financial charges | 65 | €46 | €79 | +€33 | +71.0% |
| Profit (loss) for the period before taxes | 9903 | €10,819 | €17,455 | +€6,636 | +61.3% |
| Income taxes | 67/77 | €3,353 | €4,981 | +€1,628 | +48.5% |
| Profit (loss) for the period | 9904 | €7,466 | €12,474 | +€5,008 | +67.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,466 | €12,474 | +€5,008 | +67.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.