SIMA-BUS: 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-BUS
Largest movements
- Tangible fixed assets +€1.5m
up €1.5m (+86.5%), from €1.8m to €3.3m
of which Leasing and similar rights: +€864,725
- Receivables within one year +€461,056
up €461,056 (+46.8%), from €985,660 to €1.4m
of which Other amounts receivable: +€304,435
- Intangible fixed assets +€180,266
up €180,266 (+5300.7%), from €3,401 to €183,667
- Cash -€71,285
down €71,285 (-9.5%), from €747,331 to €676,046
mainly Investment in fixed assets (net) (-€2.6m) and Receivables within one year (-€461,056)
- Deferred charges and accrued income -€68,712
down €68,712 (-58.5%), from €117,474 to €48,763
- Debts after one year +€1.1m
up €1.1m (+82.6%), from €1.3m to €2.3m
- Reserves +€581,111
up €581,111 (+41.4%), from €1.4m to €2.0m
of which Distributable reserves: +€425,425
- Current portion of long-term debt +€198,727
up €198,727 (+48.6%), from €408,685 to €607,412
- Trade debts +€147,565
up €147,565 (+47.6%), from €309,949 to €457,514
- Tax, wage and social debts +€85,757
up €85,757 (+56.0%), from €153,136 to €238,893
of which Remuneration and social security: +€104,337
- Gross operating margin +€880,144
up €880,144 (+39.1%), from €2.2m to €3.1m
- Depreciation +€462,190
up €462,190 (+119.2%), from €387,852 to €850,042
- Staff costs +€359,860
up €359,860 (+29.9%), from €1.2m to €1.6m
- Financial charges +€55,869
up €55,869 (+72.2%), from €77,373 to €133,242
of which Financial charges: +€55,114
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,716,684 | €5,742,079 | +€2.0m | +54.5% |
| Fixed assets | 21/28 | €1,866,219 | €3,570,555 | +€1.7m | +91.3% |
| Intangible fixed assets | 21 | €3,401 | €183,667 | +€180,266 | +5300.7% |
| Tangible fixed assets | 22/27 | €1,761,511 | €3,285,580 | +€1.5m | +86.5% |
| Land and buildings | 22 | - | €599,985 | +€599,985 | |
| Plant, machinery and equipment | 23 | €42,668 | €58,232 | +€15,564 | +36.5% |
| Furniture and vehicles | 24 | €135,536 | €211,706 | +€76,170 | +56.2% |
| Leasing and similar rights | 25 | €985,841 | €1,850,566 | +€864,725 | +87.7% |
| Other tangible fixed assets | 26 | €597,466 | €565,092 | -€32,375 | -5.4% |
| Financial fixed assets | 28 | €101,308 | €101,308 | = | 0.0% |
| Current assets | 29/58 | €1,850,465 | €2,171,524 | +€321,059 | +17.4% |
| Amounts receivable within one year | 40/41 | €985,660 | €1,446,716 | +€461,056 | +46.8% |
| Trade receivables | 40 | €715,224 | €871,844 | +€156,621 | +21.9% |
| Other amounts receivable | 41 | €270,436 | €574,871 | +€304,435 | +112.6% |
| Cash at bank and in hand | 54/58 | €747,331 | €676,046 | -€71,285 | -9.5% |
| Deferred charges and accrued income | 490/1 | €117,474 | €48,763 | -€68,712 | -58.5% |
| Total equity and liabilities | 10/49 | €3,716,684 | €5,742,079 | +€2.0m | +54.5% |
| Equity | 10/15 | €1,464,409 | €2,045,520 | +€581,111 | +39.7% |
| Contributions | 10/11 | €62,001 | €62,001 | = | 0.0% |
| Capital | 10 | €62,001 | €62,001 | = | 0.0% |
| Issued capital | 100 | €62,001 | €62,001 | = | 0.0% |
| Reserves | 13 | €1,402,408 | €1,983,519 | +€581,111 | +41.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €964,078 | €1,119,765 | +€155,687 | +16.1% |
| Distributable reserves | 133 | €432,130 | €857,555 | +€425,425 | +98.4% |
| Amounts payable | 17/49 | €2,252,275 | €3,696,559 | +€1.4m | +64.1% |
| Amounts payable after more than one year | 17 | €1,280,114 | €2,337,975 | +€1.1m | +82.6% |
| Financial debts | 170/4 | €1,280,114 | €2,337,975 | +€1.1m | +82.6% |
| Amounts payable within one year | 42/48 | €919,139 | €1,350,275 | +€431,136 | +46.9% |
| Current portion of amounts payable after more than one year | 42 | €408,685 | €607,412 | +€198,727 | +48.6% |
| Financial debts | 43 | €5,203 | €6,923 | +€1,721 | +33.1% |
| Credit institutions | 430/8 | €5,203 | €6,923 | +€1,721 | +33.1% |
| Trade debts | 44 | €309,949 | €457,514 | +€147,565 | +47.6% |
| Suppliers | 440/4 | €309,949 | €457,514 | +€147,565 | +47.6% |
| Advances received on contracts in progress | 46 | €42,166 | €39,533 | -€2,633 | -6.2% |
| Taxes, remuneration and social security | 45 | €153,136 | €238,893 | +€85,757 | +56.0% |
| Taxes | 450/3 | €18,580 | - | -€18,580 | |
| Remuneration and social security | 454/9 | €134,556 | €238,893 | +€104,337 | +77.5% |
| Accrued charges and deferred income | 492/3 | €53,023 | €8,309 | -€44,714 | -84.3% |
| Non-recurring operating income | 76A | €96,589 | €155,687 | +€59,098 | +61.2% |
| Remuneration, social security and pensions | 62 | €1,203,458 | €1,563,318 | +€359,860 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €387,852 | €850,042 | +€462,190 | +119.2% |
| Other operating charges | 640/8 | €16,247 | €16,953 | +€706 | +4.3% |
| Gross operating margin | 9900 | €2,249,879 | €3,130,023 | +€880,144 | +39.1% |
| Operating profit (loss) | 9901 | €642,323 | €699,710 | +€57,388 | +8.9% |
| Financial income | 75/76B | €1,033 | €14,643 | +€13,610 | +1318.2% |
| Recurring financial income | 75 | €1,033 | €14,643 | +€13,610 | +1318.2% |
| Financial charges | 65/66B | €77,373 | €133,242 | +€55,869 | +72.2% |
| Recurring financial charges | 65 | €77,373 | €132,487 | +€55,114 | +71.2% |
| Non-recurring financial charges | 66B | - | €755 | +€755 | |
| Profit (loss) for the period before taxes | 9903 | €565,982 | €581,111 | +€15,129 | +2.7% |
| Profit (loss) for the period | 9904 | €565,982 | €581,111 | +€15,129 | +2.7% |
| Transfer to tax-exempt reserves | 689 | €96,589 | €155,687 | +€59,098 | +61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €469,393 | €425,425 | -€43,969 | -9.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.