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 -€9,974
down €9,974 (-40.0%), from €24,951 to €14,977
of which Other amounts receivable: -€7,057
- Deferred charges and accrued income -€1,549
down €1,549 (-100.0%), from €1,549 to €0
- Cash -€1,086
down €1,086 (-21.8%), from €4,972 to €3,886
mainly Trade debts (-€29,651) and Other debts (-€12,857)
- Tangible fixed assets +€1,067
up €1,067 (+11.7%), from €9,096 to €10,163
of which Furniture and vehicles: +€4,533
- Trade debts -€29,651
down €29,651 (-93.1%), from €31,855 to €2,204
- Tax, wage and social debts +€17,104
up €17,104 (+403.0%), from €4,244 to €21,348
of which Taxes: +€17,265
- Other debts -€12,857
down €12,857 (-100.0%), from €12,857 to €0
- Debts after one year +€10,000
new in 2025: €10,000
- Profit (loss) carried forward +€3,647
up €3,647, from -€3,647 to €0
- Staff costs -€6,483
down €6,483 (-91.1%), from €7,120 to €637
- Depreciation +€4,430
up €4,430 (+339.9%), from €1,303 to €5,733
- Gross operating margin -€2,768
down €2,768 (-17.9%), from €15,465 to €12,697
- Write-downs -€2,189
down €2,189 (-100.0%), from €2,189 to €0
- Taxes +€446
new in 2025: €446
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 | €48,519 | €36,950 | -€11,569 | -23.8% |
| Fixed assets | 21/28 | €9,096 | €10,163 | +€1,067 | +11.7% |
| Tangible fixed assets | 22/27 | €9,096 | €10,163 | +€1,067 | +11.7% |
| Plant, machinery and equipment | 23 | €6,227 | €3,835 | -€2,391 | -38.4% |
| Furniture and vehicles | 24 | - | €4,533 | +€4,533 | |
| Other tangible fixed assets | 26 | €2,869 | €1,794 | -€1,075 | -37.5% |
| Current assets | 29/58 | €39,423 | €26,787 | -€12,636 | -32.1% |
| Stocks and contracts in progress | 3 | €7,950 | €7,923 | -€27 | -0.3% |
| Stocks | 30/36 | €7,950 | €7,923 | -€27 | -0.3% |
| Amounts receivable within one year | 40/41 | €24,951 | €14,977 | -€9,974 | -40.0% |
| Trade receivables | 40 | €2,989 | €72 | -€2,917 | -97.6% |
| Other amounts receivable | 41 | €21,963 | €14,906 | -€7,057 | -32.1% |
| Cash at bank and in hand | 54/58 | €4,972 | €3,886 | -€1,086 | -21.8% |
| Deferred charges and accrued income | 490/1 | €1,549 | €0 | -€1,549 | -100.0% |
| Total equity and liabilities | 10/49 | €48,519 | €36,950 | -€11,569 | -23.8% |
| Equity | 10/15 | -€647 | €3,397 | +€4,045 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €397 | +€397 | |
| Distributable reserves | 133 | - | €397 | +€397 | |
| Profit (loss) carried forward | 14 | -€3,647 | €0 | +€3,647 | |
| Amounts payable | 17/49 | €49,166 | €33,552 | -€15,614 | -31.8% |
| Amounts payable after more than one year | 17 | - | €10,000 | +€10,000 | |
| Financial debts | 170/4 | - | €10,000 | +€10,000 | |
| Amounts payable within one year | 42/48 | €48,956 | €23,552 | -€25,404 | -51.9% |
| Trade debts | 44 | €31,855 | €2,204 | -€29,651 | -93.1% |
| Suppliers | 440/4 | €31,855 | €2,204 | -€29,651 | -93.1% |
| Taxes, remuneration and social security | 45 | €4,244 | €21,348 | +€17,104 | +403.0% |
| Taxes | 450/3 | €4,083 | €21,348 | +€17,265 | +422.9% |
| Remuneration and social security | 454/9 | €161 | €0 | -€161 | -100.0% |
| Other amounts payable | 47/48 | €12,857 | €0 | -€12,857 | -100.0% |
| Accrued charges and deferred income | 492/3 | €210 | €0 | -€210 | -100.0% |
| Remuneration, social security and pensions | 62 | €7,120 | €637 | -€6,483 | -91.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,303 | €5,733 | +€4,430 | +339.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,189 | €0 | -€2,189 | -100.0% |
| Other operating charges | 640/8 | €1,509 | €1,288 | -€221 | -14.6% |
| Non-recurring operating charges | 66A | €6,800 | €0 | -€6,800 | -100.0% |
| Gross operating margin | 9900 | €15,465 | €12,697 | -€2,768 | -17.9% |
| Operating profit (loss) | 9901 | -€3,457 | €5,039 | +€8,495 | |
| Financial income | 75/76B | €304 | €75 | -€229 | -75.3% |
| Recurring financial income | 75 | €304 | €75 | -€229 | -75.3% |
| Financial charges | 65/66B | €494 | €623 | +€129 | +26.1% |
| Recurring financial charges | 65 | €494 | €623 | +€129 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,647 | €4,490 | +€8,137 | |
| Income taxes | 67/77 | - | €446 | +€446 | |
| Profit (loss) for the period | 9904 | -€3,647 | €4,045 | +€7,692 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,647 | €4,045 | +€7,692 |
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.