SIMA: 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.
What changed
SIMA
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€489,902
2024 · €1.2m-€757,944
Equity
€7.9m
2024 · €7.4m+€487,342
Cash
€132,449
2024 · €145,768-€13,319
Balance sheet total
€13.9m
2024 · €12.9m+€922,883
Largest movements
Assets
- Tangible fixed assets +€708,661
up €708,661 (+35.0%), from €2.0m to €2.7m
of which Land and buildings: +€432,280
- Receivables within one year +€560,319
up €560,319 (+20.7%), from €2.7m to €3.3m
of which Other amounts receivable: +€801,630
- Stocks and contracts -€521,599
down €521,599 (-13.7%), from €3.8m to €3.3m
of which Stocks: -€542,522
- Intangible fixed assets +€182,908
up €182,908 (+268%), from €68,129 to €251,036
Equity and liabilities
- Debts after one year +€1.3m
up €1.3m (+131%), from €980,834 to €2.3m
- Trade debts -€1.2m
down €1.2m (-39.7%), from €3.1m to €1.9m
- Reserves +€489,902
up €489,902 (+6.8%), from €7.2m to €7.7m
of which Distributable reserves: +€489,902
- Current portion of long-term debt +€199,051
up €199,051 (+52.0%), from €382,833 to €581,884
- Short-term financial debts +€197,323
up €197,323 (+49.1%), from €401,724 to €599,048
Income statement
- Financial income -€1.0m
down €1.0m (-89.2%), from €1.1m to €123,238
- Goods and materials +€623,059
up €623,059 (+5.8%), from €10.8m to €11.4m
of which Change in stocks: decrease (increase): +€932,013
- Turnover +€535,265
up €535,265 (+3.2%), from €16.7m to €17.2m
- Other operating income +€298,565
up €298,565 (+81.0%), from €368,491 to €667,056
- Staff costs +€260,258
up €260,258 (+10.0%), from €2.6m to €2.9m
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.
Result 2024
€1.2m
Turnover
+€535,265
Other operating income
+€298,565
Goods and materials
-€623,059
Services and other goods
+€180,564
Staff costs
-€260,258
Depreciation
-€58,661
Other operating charges
-€96,461
Other operating items
+€388,848
Financial income
-€1.0m
Financial charges
-€54,690
Taxes
-€54,491
Result 2025
€489,902
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€343,587
Investment
-€1.4m
Financing
+€1.7m
Cash 2024
€145,768
From operations (derived)
-€343,587
Net result for the year
+€489,902
Depreciation
+€439,907
Stocks and contracts
+€521,599
Receivables within one year
-€560,319
Deferred charges and accrued income
+€14,088
Smaller working-capital items
-€4,944
Trade debts
-€1.2m
Tax, wage and social debts
+€81,363
Other debts
-€81,400
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Financing
+€1.7m
Debts after one year
+€1.3m
Current portion of long-term debt
+€199,051
Short-term financial debts
+€197,323
Contributions, distributions and other
-€2,560
Cash 2025
€132,449
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,928,119 | €13,851,002 | +€922,883 | +7.1% |
| Fixed assets | 21/28 | €6,221,037 | €7,132,606 | +€911,569 | +14.7% |
| Intangible fixed assets | 21 | €68,129 | €251,036 | +€182,908 | +268% |
| Tangible fixed assets | 22/27 | €2,027,431 | €2,736,093 | +€708,661 | +35.0% |
| Land and buildings | 22 | €1,399,116 | €1,831,396 | +€432,280 | +30.9% |
| Plant, machinery and equipment | 23 | €256,334 | €594,278 | +€337,944 | +132% |
| Furniture and vehicles | 24 | €146,104 | €137,040 | -€9,065 | -6.2% |
| Leasing and similar rights | 25 | €225,878 | €173,380 | -€52,498 | -23.2% |
| Financial fixed assets | 28 | €4,125,477 | €4,145,477 | +€20,000 | +0.5% |
| Affiliated companies | 280/1 | €4,125,477 | €4,145,477 | +€20,000 | +0.5% |
| Participating interests | 280 | €4,125,477 | €4,145,477 | +€20,000 | +0.5% |
| Current assets | 29/58 | €6,707,082 | €6,718,396 | +€11,314 | +0.2% |
| Stocks and contracts in progress | 3 | €3,802,564 | €3,280,966 | -€521,599 | -13.7% |
| Stocks | 30/36 | €3,802,564 | €3,260,043 | -€542,522 | -14.3% |
| Raw materials and consumables | 30/31 | €3,213,958 | €3,054,993 | -€158,964 | -4.9% |
| Work in progress | 32 | €55,893 | €205,049 | +€149,156 | +267% |
| Finished goods | 33 | €532,713 | €0 | -€532,713 | -100% |
| Contracts in progress | 37 | - | €20,923 | +€20,923 | |
| Amounts receivable within one year | 40/41 | €2,706,697 | €3,267,017 | +€560,319 | +20.7% |
| Trade receivables | 40 | €1,503,104 | €1,261,793 | -€241,311 | -16.1% |
| Other amounts receivable | 41 | €1,203,594 | €2,005,224 | +€801,630 | +66.6% |
| Cash at bank and in hand | 54/58 | €145,768 | €132,449 | -€13,319 | -9.1% |
| Deferred charges and accrued income | 490/1 | €52,052 | €37,964 | -€14,088 | -27.1% |
| Total equity and liabilities | 10/49 | €12,928,119 | €13,851,002 | +€922,883 | +7.1% |
| Equity | 10/15 | €7,401,389 | €7,888,731 | +€487,342 | +6.6% |
| Contributions | 10/11 | €205,000 | €205,000 | = | 0.0% |
| Capital | 10 | €205,000 | €205,000 | = | 0.0% |
| Issued capital | 100 | €205,000 | €205,000 | = | 0.0% |
| Reserves | 13 | €7,178,755 | €7,668,657 | +€489,902 | +6.8% |
| Non-distributable reserves | 130/1 | €20,500 | €20,500 | = | 0.0% |
| Legal reserve | 130 | €20,500 | €20,500 | = | 0.0% |
| Distributable reserves | 133 | €7,158,255 | €7,648,157 | +€489,902 | +6.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €17,634 | €15,073 | -€2,560 | -14.5% |
| Provisions and deferred taxes | 16 | €11,311 | €9,698 | -€1,614 | -14.3% |
| Deferred taxes | 168 | €11,311 | €9,698 | -€1,614 | -14.3% |
| Amounts payable | 17/49 | €5,515,419 | €5,952,574 | +€437,155 | +7.9% |
| Amounts payable after more than one year | 17 | €980,834 | €2,268,764 | +€1.3m | +131% |
| Financial debts | 170/4 | €980,834 | €2,268,764 | +€1.3m | +131% |
| Leasing and similar obligations | 172 | €97,344 | €119,862 | +€22,518 | +23.1% |
| Credit institutions | 173 | €883,490 | €2,148,902 | +€1.3m | +143% |
| Amounts payable within one year | 42/48 | €4,510,829 | €3,663,385 | -€847,445 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €382,833 | €581,884 | +€199,051 | +52.0% |
| Financial debts | 43 | €401,724 | €599,048 | +€197,323 | +49.1% |
| Credit institutions | 430/8 | €401,724 | €599,048 | +€197,323 | +49.1% |
| Trade debts | 44 | €3,131,995 | €1,888,213 | -€1.2m | -39.7% |
| Suppliers | 440/4 | €3,131,995 | €1,888,213 | -€1.2m | -39.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €429,657 | €511,020 | +€81,363 | +18.9% |
| Taxes | 450/3 | €15,095 | €74,039 | +€58,944 | +390% |
| Remuneration and social security | 454/9 | €414,562 | €436,981 | +€22,419 | +5.4% |
| Other amounts payable | 47/48 | €164,621 | €83,221 | -€81,400 | -49.4% |
| Accrued charges and deferred income | 492/3 | €23,755 | €20,425 | -€3,330 | -14.0% |
| Operating income | 70/76A | €16,373,380 | €17,619,066 | +€1.2m | +7.6% |
| Turnover | 70 | €16,691,410 | €17,226,675 | +€535,265 | +3.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€978,135 | -€362,634 | +€615,501 | +62.9% |
| Other operating income | 74 | €368,491 | €667,056 | +€298,565 | +81.0% |
| Non-recurring operating income | 76A | €291,615 | €87,969 | -€203,645 | -69.8% |
| Operating charges | 60/66A | €16,213,728 | €17,094,609 | +€880,881 | +5.4% |
| Goods for resale, raw materials and consumables | 60 | €10,778,592 | €11,401,650 | +€623,059 | +5.8% |
| Purchases | 600/8 | €11,551,640 | €11,242,686 | -€308,954 | -2.7% |
| Change in stocks: decrease (increase) | 609 | -€773,048 | €158,964 | +€932,013 | |
| Services and other goods | 61 | €2,350,878 | €2,170,314 | -€180,564 | -7.7% |
| Remuneration, social security and pensions | 62 | €2,593,394 | €2,853,651 | +€260,258 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €381,246 | €439,907 | +€58,661 | +15.4% |
| Other operating charges | 640/8 | €109,619 | €206,079 | +€96,461 | +88.0% |
| Non-recurring operating charges | 66A | - | €23,007 | +€23,007 | |
| Operating profit (loss) | 9901 | €159,652 | €524,457 | +€364,805 | +228% |
| Financial income | 75/76B | €1,136,805 | €123,238 | -€1.0m | -89.2% |
| Recurring financial income | 75 | €1,136,805 | €123,238 | -€1.0m | -89.2% |
| Income from financial fixed assets | 750 | €1,110,000 | €0 | -€1.1m | -100% |
| Income from current assets | 751 | €15,888 | €105,947 | +€90,059 | +567% |
| Other financial income | 752/9 | €10,916 | €17,291 | +€6,375 | +58.4% |
| Financial charges | 65/66B | €49,725 | €104,415 | +€54,690 | +110% |
| Recurring financial charges | 65 | €49,725 | €104,415 | +€54,690 | +110% |
| Debt charges | 650 | €44,569 | €87,926 | +€43,357 | +97.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €129 | +€129 | |
| Other financial charges | 652/9 | €5,156 | €16,360 | +€11,204 | +217% |
| Profit (loss) for the period before taxes | 9903 | €1,246,732 | €543,280 | -€703,452 | -56.4% |
| Transfer from deferred taxes | 780 | €1,614 | €1,614 | = | 0.0% |
| Income taxes | 67/77 | €500 | €54,991 | +€54,491 | +10,898% |
| Taxes | 670/3 | €500 | €55,000 | +€54,500 | +10,900% |
| Tax adjustments and reversals of tax provisions | 77 | - | €9 | +€9 | |
| Profit (loss) for the period | 9904 | €1,247,846 | €489,902 | -€757,944 | -60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,247,846 | €489,902 | -€757,944 | -60.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.