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
- Receivables within one year +€38,511
up €38,511 (+19.9%), from €193,254 to €231,764
of which Other amounts receivable: +€70,510
- Tangible fixed assets -€31,523
down €31,523 (-11.1%), from €283,816 to €252,293
- Stocks and contracts -€26,685
down €26,685 (-27.1%), from €98,519 to €71,835
- Deferred charges and accrued income +€21,265
up €21,265 (+238.7%), from €8,909 to €30,174
- Trade debts +€45,099
up €45,099 (+18.3%), from €246,987 to €292,086
- Short-term financial debts -€40,000
down €40,000 (-28.6%), from €140,000 to €100,000
- Debts after one year -€34,487
down €34,487 (-14.4%), from €240,300 to €205,813
- Profit (loss) carried forward +€28,126
up €28,126 (+33.9%), from -€82,863 to -€54,737
- Gross operating margin +€69,297
up €69,297 (+41.5%), from €166,912 to €236,209
- Staff costs +€42,921
up €42,921 (+41.1%), from €104,435 to €147,356
- Write-downs -€3,717
no longer reported in 2025 (was €3,717)
- Taxes +€3,696
up €3,696 (+515.5%), from €717 to €4,413
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 | €622,271 | €620,789 | -€1,481 | -0.2% |
| Fixed assets | 21/28 | €284,536 | €253,013 | -€31,523 | -11.1% |
| Tangible fixed assets | 22/27 | €283,816 | €252,293 | -€31,523 | -11.1% |
| Land and buildings | 22 | €174,605 | €162,861 | -€11,744 | -6.7% |
| Plant, machinery and equipment | 23 | €4,490 | €10,750 | +€6,260 | +139.4% |
| Furniture and vehicles | 24 | €32,408 | €16,667 | -€15,741 | -48.6% |
| Other tangible fixed assets | 26 | €72,314 | €62,016 | -€10,298 | -14.2% |
| Financial fixed assets | 28 | €720 | €720 | = | 0.0% |
| Current assets | 29/58 | €337,734 | €367,776 | +€30,042 | +8.9% |
| Stocks and contracts in progress | 3 | €98,519 | €71,835 | -€26,685 | -27.1% |
| Stocks | 30/36 | €98,519 | €71,835 | -€26,685 | -27.1% |
| Amounts receivable within one year | 40/41 | €193,254 | €231,764 | +€38,511 | +19.9% |
| Trade receivables | 40 | €94,246 | €62,246 | -€32,000 | -34.0% |
| Other amounts receivable | 41 | €99,008 | €169,518 | +€70,510 | +71.2% |
| Cash at bank and in hand | 54/58 | €37,052 | €34,003 | -€3,049 | -8.2% |
| Deferred charges and accrued income | 490/1 | €8,909 | €30,174 | +€21,265 | +238.7% |
| Total equity and liabilities | 10/49 | €622,271 | €620,789 | -€1,481 | -0.2% |
| Equity | 10/15 | -€48,501 | -€20,375 | +€28,126 | +58.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28,162 | €28,162 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €26,302 | €26,302 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,863 | -€54,737 | +€28,126 | +33.9% |
| Amounts payable | 17/49 | €670,772 | €641,164 | -€29,608 | -4.4% |
| Amounts payable after more than one year | 17 | €240,300 | €205,813 | -€34,487 | -14.4% |
| Financial debts | 170/4 | €240,300 | €205,813 | -€34,487 | -14.4% |
| Amounts payable within one year | 42/48 | €430,472 | €435,351 | +€4,879 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €37,531 | €34,487 | -€3,044 | -8.1% |
| Financial debts | 43 | €140,000 | €100,000 | -€40,000 | -28.6% |
| Credit institutions | 430/8 | €140,000 | €100,000 | -€40,000 | -28.6% |
| Trade debts | 44 | €246,987 | €292,086 | +€45,099 | +18.3% |
| Suppliers | 440/4 | €246,987 | €292,086 | +€45,099 | +18.3% |
| Taxes, remuneration and social security | 45 | €5,954 | €8,778 | +€2,825 | +47.4% |
| Taxes | 450/3 | €5,750 | €6,450 | +€700 | +12.2% |
| Remuneration and social security | 454/9 | €204 | €2,328 | +€2,125 | +1042.5% |
| Non-recurring operating income | 76A | €10,331 | €13,547 | +€3,216 | +31.1% |
| Remuneration, social security and pensions | 62 | €104,435 | €147,356 | +€42,921 | +41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,330 | €41,606 | -€1,724 | -4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,717 | - | -€3,717 | |
| Other operating charges | 640/8 | €4,313 | €2,897 | -€1,415 | -32.8% |
| Non-recurring operating charges | 66A | €171 | - | -€171 | |
| Gross operating margin | 9900 | €166,912 | €236,209 | +€69,297 | +41.5% |
| Operating profit (loss) | 9901 | €10,946 | €44,349 | +€33,403 | +305.1% |
| Financial income | 75/76B | €1,693 | €3,471 | +€1,779 | +105.1% |
| Recurring financial income | 75 | €1,693 | €3,471 | +€1,779 | +105.1% |
| Financial charges | 65/66B | €15,241 | €15,281 | +€41 | +0.3% |
| Recurring financial charges | 65 | €15,241 | €15,281 | +€41 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,602 | €32,539 | +€35,141 | |
| Income taxes | 67/77 | €717 | €4,413 | +€3,696 | +515.5% |
| Profit (loss) for the period | 9904 | -€3,319 | €28,126 | +€31,445 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,319 | €28,126 | +€31,445 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.