SIM SOLUTIONS: 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 SOLUTIONS
Largest movements
- Receivables after one year +€554,261
new in 2025: €554,261
- Receivables within one year -€399,076
down €399,076 (-89.3%), from €446,797 to €47,721
of which Other amounts receivable: -€446,797
- Cash -€18,608
down €18,608 (-57.4%), from €32,399 to €13,791
mainly Receivables after one year (-€554,261) and Contributions, distributions and other (-€12,774)
- Reserves +€88,500
up €88,500 (+26.5%), from €334,296 to €422,796
of which Distributable reserves: +€88,500
- Trade debts +€28,042
up €28,042 (+59.4%), from €47,190 to €75,232
- Tax, wage and social debts +€18,685
up €18,685 (+24.0%), from €77,740 to €96,426
- Gross operating margin -€17,336
down €17,336 (-12.7%), from €136,530 to €119,194
- Taxes +€5,664
up €5,664 (+14.6%), from €38,786 to €44,449
- Financial income +€2,968
up €2,968 (+11.3%), from €26,285 to €29,253
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 | €485,278 | €620,755 | +€135,477 | +27.9% |
| Fixed assets | 21/28 | €6,082 | €4,982 | -€1,099 | -18.1% |
| Tangible fixed assets | 22/27 | €6,082 | €4,982 | -€1,099 | -18.1% |
| Plant, machinery and equipment | 23 | €560 | €89 | -€471 | -84.2% |
| Furniture and vehicles | 24 | €5,522 | €4,894 | -€628 | -11.4% |
| Current assets | 29/58 | €479,196 | €615,773 | +€136,577 | +28.5% |
| Amounts receivable after more than one year | 29 | - | €554,261 | +€554,261 | |
| Other amounts receivable | 291 | - | €554,261 | +€554,261 | |
| Amounts receivable within one year | 40/41 | €446,797 | €47,721 | -€399,076 | -89.3% |
| Trade receivables | 40 | - | €47,721 | +€47,721 | |
| Other amounts receivable | 41 | €446,797 | - | -€446,797 | |
| Cash at bank and in hand | 54/58 | €32,399 | €13,791 | -€18,608 | -57.4% |
| Total equity and liabilities | 10/49 | €485,278 | €620,755 | +€135,477 | +27.9% |
| Equity | 10/15 | €360,348 | €449,098 | +€88,750 | +24.6% |
| Reserves | 13 | €334,296 | €422,796 | +€88,500 | +26.5% |
| Non-distributable reserves | 130/1 | €18,600 | €18,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,600 | €18,600 | = | 0.0% |
| Distributable reserves | 133 | €315,696 | €404,196 | +€88,500 | +28.0% |
| Profit (loss) carried forward | 14 | €26,052 | €26,302 | +€250 | +1.0% |
| Amounts payable | 17/49 | €124,930 | €171,657 | +€46,727 | +37.4% |
| Amounts payable within one year | 42/48 | €124,930 | €171,657 | +€46,727 | +37.4% |
| Trade debts | 44 | €47,190 | €75,232 | +€28,042 | +59.4% |
| Suppliers | 440/4 | €47,190 | €75,232 | +€28,042 | +59.4% |
| Taxes, remuneration and social security | 45 | €77,740 | €96,426 | +€18,685 | +24.0% |
| Taxes | 450/3 | €77,740 | €96,426 | +€18,685 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,223 | €2,132 | +€909 | +74.4% |
| Other operating charges | 640/8 | €1,140 | €38 | -€1,102 | -96.7% |
| Gross operating margin | 9900 | €136,530 | €119,194 | -€17,336 | -12.7% |
| Operating profit (loss) | 9901 | €134,168 | €117,024 | -€17,143 | -12.8% |
| Financial income | 75/76B | €26,285 | €29,253 | +€2,968 | +11.3% |
| Recurring financial income | 75 | €26,285 | €29,253 | +€2,968 | +11.3% |
| Financial charges | 65/66B | €487 | €304 | -€183 | -37.5% |
| Recurring financial charges | 65 | €487 | €304 | -€183 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €159,966 | €145,973 | -€13,993 | -8.7% |
| Income taxes | 67/77 | €38,786 | €44,449 | +€5,664 | +14.6% |
| Profit (loss) for the period | 9904 | €121,180 | €101,524 | -€19,656 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €121,180 | €101,524 | -€19,656 | -16.2% |
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 9 October 2026 via checked.be.