SIM'S: 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'S
Largest movements
- Receivables within one year +€65,205
up €65,205 (+193.5%), from €33,705 to €98,910
of which Other amounts receivable: +€64,350
- Tangible fixed assets -€33,356
down €33,356 (-5.2%), from €639,738 to €606,382
of which Furniture and vehicles: -€34,169
- Cash -€12,933
down €12,933 (-5.4%), from €238,603 to €225,670
mainly Investment in fixed assets (net) (-€83,332) and Receivables within one year (-€65,205)
- Reserves +€101,086
up €101,086 (+24.9%), from €405,847 to €506,933
- Debts after one year -€64,363
down €64,363 (-39.4%), from €163,507 to €99,144
- Trade debts -€44,438
down €44,438 (-79.6%), from €55,828 to €11,390
- Current portion of long-term debt +€29,475
up €29,475 (+39.0%), from €75,490 to €104,965
- Gross operating margin -€55,348
down €55,348 (-5.5%), from €999,586 to €944,238
- Taxes -€34,851
down €34,851 (-42.8%), from €81,506 to €46,655
- Financial charges +€21,623
up €21,623 (+310.4%), from €6,965 to €28,588
- Staff costs +€17,999
up €17,999 (+2.9%), from €631,532 to €649,531
- Depreciation +€13,478
up €13,478 (+13.1%), from €103,210 to €116,689
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 | €948,071 | €974,973 | +€26,902 | +2.8% |
| Fixed assets | 21/28 | €641,348 | €607,991 | -€33,356 | -5.2% |
| Tangible fixed assets | 22/27 | €639,738 | €606,382 | -€33,356 | -5.2% |
| Land and buildings | 22 | €100,000 | €100,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €468,006 | €468,819 | +€813 | +0.2% |
| Furniture and vehicles | 24 | €71,733 | €37,563 | -€34,169 | -47.6% |
| Financial fixed assets | 28 | €1,609 | €1,609 | = | 0.0% |
| Current assets | 29/58 | €306,724 | €366,982 | +€60,258 | +19.6% |
| Stocks and contracts in progress | 3 | €32,733 | €33,774 | +€1,041 | +3.2% |
| Stocks | 30/36 | €32,733 | €33,774 | +€1,041 | +3.2% |
| Amounts receivable within one year | 40/41 | €33,705 | €98,910 | +€65,205 | +193.5% |
| Trade receivables | 40 | €9,255 | €10,111 | +€856 | +9.2% |
| Other amounts receivable | 41 | €24,450 | €88,800 | +€64,350 | +263.2% |
| Cash at bank and in hand | 54/58 | €238,603 | €225,670 | -€12,933 | -5.4% |
| Deferred charges and accrued income | 490/1 | €1,684 | €8,628 | +€6,945 | +412.5% |
| Total equity and liabilities | 10/49 | €948,071 | €974,973 | +€26,902 | +2.8% |
| Equity | 10/15 | €602,946 | €704,033 | +€101,086 | +16.8% |
| Contributions | 10/11 | €48,600 | €48,600 | = | 0.0% |
| Capital | 10 | €48,600 | €48,600 | = | 0.0% |
| Issued capital | 100 | €48,600 | €48,600 | = | 0.0% |
| Reserves | 13 | €405,847 | €506,933 | +€101,086 | +24.9% |
| Distributable reserves | 133 | €405,847 | €506,933 | +€101,086 | +24.9% |
| Profit (loss) carried forward | 14 | €148,499 | €148,499 | = | 0.0% |
| Amounts payable | 17/49 | €345,125 | €270,940 | -€74,185 | -21.5% |
| Amounts payable after more than one year | 17 | €163,507 | €99,144 | -€64,363 | -39.4% |
| Financial debts | 170/4 | €163,507 | €99,144 | -€64,363 | -39.4% |
| Amounts payable within one year | 42/48 | €181,619 | €171,680 | -€9,938 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €75,490 | €104,965 | +€29,475 | +39.0% |
| Trade debts | 44 | €55,828 | €11,390 | -€44,438 | -79.6% |
| Suppliers | 440/4 | €55,828 | €11,390 | -€44,438 | -79.6% |
| Taxes, remuneration and social security | 45 | €50,300 | €55,325 | +€5,025 | +10.0% |
| Taxes | 450/3 | €22,199 | €12,739 | -€9,459 | -42.6% |
| Remuneration and social security | 454/9 | €28,102 | €42,586 | +€14,484 | +51.5% |
| Accrued charges and deferred income | 492/3 | - | €116 | +€116 | |
| Remuneration, social security and pensions | 62 | €631,532 | €649,531 | +€17,999 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,210 | €116,689 | +€13,478 | +13.1% |
| Other operating charges | 640/8 | €1,402 | €1,688 | +€286 | +20.4% |
| Gross operating margin | 9900 | €999,586 | €944,238 | -€55,348 | -5.5% |
| Operating profit (loss) | 9901 | €263,442 | €176,330 | -€87,111 | -33.1% |
| Financial income | 75/76B | €92 | €0 | -€92 | -99.9% |
| Recurring financial income | 75 | €92 | €0 | -€92 | -99.9% |
| Financial charges | 65/66B | €6,965 | €28,588 | +€21,623 | +310.4% |
| Recurring financial charges | 65 | €6,965 | €28,588 | +€21,623 | +310.4% |
| Profit (loss) for the period before taxes | 9903 | €256,568 | €147,742 | -€108,826 | -42.4% |
| Income taxes | 67/77 | €81,506 | €46,655 | -€34,851 | -42.8% |
| Profit (loss) for the period | 9904 | €175,062 | €101,086 | -€73,975 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €175,062 | €101,086 | -€73,975 | -42.3% |
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 2 October 2026 via checked.be.