SIMA: what changed
SIMA
Largest movements
- Receivables within one year +€31,212
up €31,212 (+73.1%), from €42,704 to €73,916
of which Other amounts receivable: +€30,698
- Stocks and contracts -€2,100
down €2,100 (-43.2%), from €4,861 to €2,762
- Tangible fixed assets -€1,487
down €1,487 (-24.5%), from €6,060 to €4,572
of which Other tangible fixed assets: -€1,253
- Cash -€1,232
down €1,232 (-11.0%), from €11,203 to €9,971
mainly Receivables within one year (-€31,212) and Trade debts (-€314)
- Profit (loss) carried forward +€22,403
up €22,403 (+58.6%), from €38,258 to €60,661
- Tax, wage and social debts +€3,805
up €3,805 (+51.5%), from €7,383 to €11,187
of which Taxes: +€3,716
- Gross operating margin +€20,280
up €20,280 (+143%), from €14,211 to €34,490
- Taxes +€4,874
up €4,874 (+388%), from €1,255 to €6,129
- Staff costs -€4,482
down €4,482 (-66.8%), from €6,709 to €2,228
- Other operating charges +€1,695
up €1,695 (+1,437%), from €118 to €1,813
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,082 | €94,976 | +€25,894 | +37.5% |
| Fixed assets | 21/28 | €6,060 | €4,572 | -€1,487 | -24.5% |
| Tangible fixed assets | 22/27 | €6,060 | €4,572 | -€1,487 | -24.5% |
| Plant, machinery and equipment | 23 | €1,112 | €878 | -€234 | -21.0% |
| Other tangible fixed assets | 26 | €4,948 | €3,694 | -€1,253 | -25.3% |
| Current assets | 29/58 | €63,023 | €90,404 | +€27,381 | +43.4% |
| Stocks and contracts in progress | 3 | €4,861 | €2,762 | -€2,100 | -43.2% |
| Stocks | 30/36 | €4,861 | €2,762 | -€2,100 | -43.2% |
| Amounts receivable within one year | 40/41 | €42,704 | €73,916 | +€31,212 | +73.1% |
| Trade receivables | 40 | €208 | €722 | +€514 | +247% |
| Other amounts receivable | 41 | €42,496 | €73,193 | +€30,698 | +72.2% |
| Cash at bank and in hand | 54/58 | €11,203 | €9,971 | -€1,232 | -11.0% |
| Deferred charges and accrued income | 490/1 | €4,254 | €3,756 | -€498 | -11.7% |
| Total equity and liabilities | 10/49 | €69,082 | €94,976 | +€25,894 | +37.5% |
| Equity | 10/15 | €57,986 | €80,389 | +€22,403 | +38.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,128 | €1,128 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,128 | €1,128 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,128 | €1,128 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,258 | €60,661 | +€22,403 | +58.6% |
| Amounts payable | 17/49 | €11,096 | €14,587 | +€3,491 | +31.5% |
| Amounts payable within one year | 42/48 | €11,096 | €14,587 | +€3,491 | +31.5% |
| Trade debts | 44 | €3,714 | €3,400 | -€314 | -8.4% |
| Suppliers | 440/4 | €3,714 | €3,400 | -€314 | -8.4% |
| Taxes, remuneration and social security | 45 | €7,383 | €11,187 | +€3,805 | +51.5% |
| Taxes | 450/3 | €6,860 | €10,576 | +€3,716 | +54.2% |
| Remuneration and social security | 454/9 | €523 | €611 | +€88 | +16.9% |
| Remuneration, social security and pensions | 62 | €6,709 | €2,228 | -€4,482 | -66.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,311 | €1,487 | +€176 | +13.4% |
| Other operating charges | 640/8 | €118 | €1,813 | +€1,695 | +1,437% |
| Gross operating margin | 9900 | €14,211 | €34,490 | +€20,280 | +143% |
| Operating profit (loss) | 9901 | €6,072 | €28,962 | +€22,890 | +377% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €314 | €430 | +€116 | +37.0% |
| Recurring financial charges | 65 | €314 | €430 | +€116 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | €5,759 | €28,532 | +€22,774 | +395% |
| Income taxes | 67/77 | €1,255 | €6,129 | +€4,874 | +388% |
| Profit (loss) for the period | 9904 | €4,503 | €22,403 | +€17,900 | +397% |
| Profit (loss) for the period to be appropriated | 9905 | €4,503 | €22,403 | +€17,900 | +397% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.