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.
SIMA
Largest movements
- Tangible fixed assets -€5,510
down €5,510 (-18.3%), from €30,070 to €24,560
- Cash -€4,957
down €4,957 (-25.1%), from €19,742 to €14,784
mainly Tax, wage and social debts (-€14,044) and Contributions, distributions and other (-€11,765)
- Tax, wage and social debts -€14,044
down €14,044 (-38.9%), from €36,087 to €22,042
of which Remuneration and social security: -€11,590
- Trade debts +€2,156
up €2,156 (+7.4%), from €29,273 to €31,428
- Staff costs -€42,074
down €42,074 (-88.9%), from €47,310 to €5,237
- Gross operating margin -€25,251
down €25,251 (-37.7%), from €67,037 to €41,786
- Other operating charges +€5,369
up €5,369 (+473.4%), from €1,134 to €6,503
- Depreciation +€5,051
up €5,051 (+1100.0%), from €459 to €5,510
- Write-downs +€2,816
new in 2025: €2,816
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 | €100,176 | €89,228 | -€10,948 | -10.9% |
| Fixed assets | 21/28 | €30,070 | €24,860 | -€5,210 | -17.3% |
| Tangible fixed assets | 22/27 | €30,070 | €24,560 | -€5,510 | -18.3% |
| Furniture and vehicles | 24 | €30,070 | €24,560 | -€5,510 | -18.3% |
| Financial fixed assets | 28 | - | €300 | +€300 | |
| Current assets | 29/58 | €70,106 | €64,368 | -€5,739 | -8.2% |
| Amounts receivable within one year | 40/41 | €50,365 | €49,583 | -€781 | -1.6% |
| Trade receivables | 40 | €33,542 | €27,780 | -€5,762 | -17.2% |
| Other amounts receivable | 41 | €16,823 | €21,803 | +€4,981 | +29.6% |
| Cash at bank and in hand | 54/58 | €19,742 | €14,784 | -€4,957 | -25.1% |
| Total equity and liabilities | 10/49 | €100,176 | €89,228 | -€10,948 | -10.9% |
| Equity | 10/15 | €34,801 | €35,062 | +€262 | +0.8% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,601 | €33,862 | +€262 | +0.8% |
| Amounts payable | 17/49 | €65,376 | €54,166 | -€11,210 | -17.1% |
| Amounts payable within one year | 42/48 | €65,376 | €53,471 | -€11,905 | -18.2% |
| Trade debts | 44 | €29,273 | €31,428 | +€2,156 | +7.4% |
| Suppliers | 440/4 | €29,273 | €31,428 | +€2,156 | +7.4% |
| Taxes, remuneration and social security | 45 | €36,087 | €22,042 | -€14,044 | -38.9% |
| Taxes | 450/3 | €20,742 | €18,288 | -€2,454 | -11.8% |
| Remuneration and social security | 454/9 | €15,345 | €3,754 | -€11,590 | -75.5% |
| Other amounts payable | 47/48 | €16 | - | -€16 | |
| Accrued charges and deferred income | 492/3 | - | €695 | +€695 | |
| Non-recurring operating income | 76A | - | €5,696 | +€5,696 | |
| Remuneration, social security and pensions | 62 | €47,310 | €5,237 | -€42,074 | -88.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €459 | €5,510 | +€5,051 | +1100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,816 | +€2,816 | |
| Other operating charges | 640/8 | €1,134 | €6,503 | +€5,369 | +473.4% |
| Gross operating margin | 9900 | €67,037 | €41,786 | -€25,251 | -37.7% |
| Operating profit (loss) | 9901 | €18,133 | €21,721 | +€3,587 | +19.8% |
| Financial income | 75/76B | €179 | - | -€179 | |
| Recurring financial income | 75 | €179 | - | -€179 | |
| Financial charges | 65/66B | €5,283 | €4,420 | -€863 | -16.3% |
| Recurring financial charges | 65 | €5,283 | €4,420 | -€863 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €13,030 | €17,301 | +€4,271 | +32.8% |
| Income taxes | 67/77 | €5,166 | €5,275 | +€109 | +2.1% |
| Profit (loss) for the period | 9904 | €7,864 | €12,026 | +€4,162 | +52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,864 | €12,026 | +€4,162 | +52.9% |
Source: filed annual accounts (NBB), financial 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.