Sima: 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.
Sima
Largest movements
- Tangible fixed assets -€3,982
down €3,982 (-14.7%), from €27,122 to €23,140
- Intangible fixed assets +€3,819
new in 2025: €3,819
- Cash -€1,449
down €1,449 (-43.8%), from €3,304 to €1,855
mainly Current portion of long-term debt (-€9,023) and Investment in fixed assets (net) (-€8,430)
- Receivables within one year -€1,057
down €1,057 (-11.3%), from €9,321 to €8,264
of which Trade receivables: -€4,656
- Current portion of long-term debt -€9,023
down €9,023 (-44.8%), from €20,160 to €11,137
- Reserves +€4,946
new in 2025: €4,946
- Debts after one year -€2,083
no longer reported in 2025 (was €2,083)
- Profit (loss) carried forward +€1,793
no longer reported in 2025 (was -€1,793)
- Tax, wage and social debts +€1,676
up €1,676 (+559.8%), from €299 to €1,975
- Gross operating margin -€3,726
down €3,726 (-15.5%), from €24,069 to €20,343
- Taxes +€1,508
up €1,508 (+503.8%), from €299 to €1,807
- Staff costs -€1,238
no longer reported in 2025 (was €1,238)
- Financial charges +€770
up €770 (+48.7%), from €1,580 to €2,350
- Other operating charges +€702
up €702 (+104.8%), from €670 to €1,372
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 | €54,719 | €52,479 | -€2,240 | -4.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €30,797 | €30,633 | -€164 | -0.5% |
| Intangible fixed assets | 21 | - | €3,819 | +€3,819 | |
| Tangible fixed assets | 22/27 | €27,122 | €23,140 | -€3,982 | -14.7% |
| Plant, machinery and equipment | 23 | €27,122 | €23,140 | -€3,982 | -14.7% |
| Financial fixed assets | 28 | €3,675 | €3,675 | = | 0.0% |
| Current assets | 29/58 | €23,922 | €21,846 | -€2,076 | -8.7% |
| Amounts receivable after more than one year | 29 | €7,500 | €7,500 | = | 0.0% |
| Other amounts receivable | 291 | €7,500 | €7,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,722 | €4,089 | +€367 | +9.9% |
| Stocks | 30/36 | €3,722 | €4,089 | +€367 | +9.9% |
| Amounts receivable within one year | 40/41 | €9,321 | €8,264 | -€1,057 | -11.3% |
| Trade receivables | 40 | €8,153 | €3,497 | -€4,656 | -57.1% |
| Other amounts receivable | 41 | €1,168 | €4,768 | +€3,599 | +308.0% |
| Cash at bank and in hand | 54/58 | €3,304 | €1,855 | -€1,449 | -43.8% |
| Deferred charges and accrued income | 490/1 | €74 | €136 | +€62 | +84.5% |
| Total equity and liabilities | 10/49 | €54,719 | €52,479 | -€2,240 | -4.1% |
| Equity | 10/15 | €23,207 | €29,946 | +€6,740 | +29.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €4,946 | +€4,946 | |
| Distributable reserves | 133 | - | €4,946 | +€4,946 | |
| Profit (loss) carried forward | 14 | -€1,793 | - | +€1,793 | |
| Amounts payable | 17/49 | €31,512 | €22,533 | -€8,979 | -28.5% |
| Amounts payable after more than one year | 17 | €2,083 | - | -€2,083 | |
| Financial debts | 170/4 | €2,083 | - | -€2,083 | |
| Amounts payable within one year | 42/48 | €29,429 | €22,533 | -€6,896 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €20,160 | €11,137 | -€9,023 | -44.8% |
| Trade debts | 44 | €8,970 | €9,420 | +€451 | +5.0% |
| Suppliers | 440/4 | €8,970 | €9,420 | +€451 | +5.0% |
| Taxes, remuneration and social security | 45 | €299 | €1,975 | +€1,676 | +559.8% |
| Taxes | 450/3 | €299 | €1,975 | +€1,676 | +559.8% |
| Remuneration, social security and pensions | 62 | €1,238 | - | -€1,238 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,127 | €8,593 | +€466 | +5.7% |
| Other operating charges | 640/8 | €670 | €1,372 | +€702 | +104.8% |
| Gross operating margin | 9900 | €24,069 | €20,343 | -€3,726 | -15.5% |
| Operating profit (loss) | 9901 | €14,034 | €10,378 | -€3,656 | -26.1% |
| Financial income | 75/76B | €416 | €519 | +€103 | +24.9% |
| Recurring financial income | 75 | €416 | €519 | +€103 | +24.9% |
| Financial charges | 65/66B | €1,580 | €2,350 | +€770 | +48.7% |
| Recurring financial charges | 65 | €1,580 | €2,350 | +€770 | +48.7% |
| Profit (loss) for the period before taxes | 9903 | €12,870 | €8,547 | -€4,323 | -33.6% |
| Income taxes | 67/77 | €299 | €1,807 | +€1,508 | +503.8% |
| Profit (loss) for the period | 9904 | €12,570 | €6,740 | -€5,831 | -46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,570 | €6,740 | -€5,831 | -46.4% |
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 8 October 2026 via checked.be.