SIMA Invest: what changed
SIMA Invest
Largest movements
- Cash +€45,975
up €45,975 (+130%), from €35,281 to €81,256
mainly Net result for the year (+€59,407) and Investment in fixed assets (net) (+€11,787)
- Tangible fixed assets -€23,502
down €23,502 (-14.0%), from €168,042 to €144,541
of which Furniture and vehicles: -€13,135
- Deferred charges and accrued income +€16,899
up €16,899 (+742%), from €2,278 to €19,177
- Reserves +€59,407
up €59,407 (+50.7%), from €117,199 to €176,606
of which Distributable reserves: +€59,407
- Debts after one year -€14,988
no longer reported in 2025 (was €14,988)
- Current portion of long-term debt -€10,490
down €10,490 (-41.2%), from €25,478 to €14,988
- Tax, wage and social debts +€8,691
up €8,691 (+92.8%), from €9,368 to €18,059
of which Taxes: +€11,422
- Financial income +€24,213
up €24,213 (+1,546%), from €1,567 to €25,779
of which Non-recurring financial income: +€24,213
- Gross operating margin +€20,172
up €20,172 (+45.0%), from €44,781 to €64,953
- Taxes +€10,302
up €10,302 (+155%), from €6,656 to €16,958
- Other operating charges -€2,828
down €2,828 (-57.5%), from €4,913 to €2,086
- Depreciation -€1,072
down €1,072 (-8.4%), from €12,786 to €11,715
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 | €228,360 | €268,977 | +€40,616 | +17.8% |
| Fixed assets | 21/28 | €168,042 | €144,541 | -€23,502 | -14.0% |
| Tangible fixed assets | 22/27 | €168,042 | €144,541 | -€23,502 | -14.0% |
| Land and buildings | 22 | €153,534 | €143,168 | -€10,367 | -6.8% |
| Furniture and vehicles | 24 | €14,508 | €1,373 | -€13,135 | -90.5% |
| Current assets | 29/58 | €60,318 | €124,436 | +€64,118 | +106% |
| Amounts receivable within one year | 40/41 | €22,760 | €24,004 | +€1,244 | +5.5% |
| Trade receivables | 40 | €12,976 | €17,564 | +€4,588 | +35.4% |
| Other amounts receivable | 41 | €9,784 | €6,439 | -€3,344 | -34.2% |
| Cash at bank and in hand | 54/58 | €35,281 | €81,256 | +€45,975 | +130% |
| Deferred charges and accrued income | 490/1 | €2,278 | €19,177 | +€16,899 | +742% |
| Total equity and liabilities | 10/49 | €228,360 | €268,977 | +€40,616 | +17.8% |
| Equity | 10/15 | €154,597 | €212,437 | +€57,840 | +37.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €117,199 | €176,606 | +€59,407 | +50.7% |
| 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 | €115,339 | €174,746 | +€59,407 | +51.5% |
| Investment grants | 15 | €18,798 | €17,232 | -€1,567 | -8.3% |
| Amounts payable | 17/49 | €73,763 | €56,540 | -€17,224 | -23.4% |
| Amounts payable after more than one year | 17 | €14,988 | - | -€14,988 | |
| Financial debts | 170/4 | €14,988 | - | -€14,988 | |
| Amounts payable within one year | 42/48 | €58,436 | €56,540 | -€1,897 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €25,478 | €14,988 | -€10,490 | -41.2% |
| Trade debts | 44 | €3,774 | €1,918 | -€1,856 | -49.2% |
| Suppliers | 440/4 | €3,774 | €1,918 | -€1,856 | -49.2% |
| Taxes, remuneration and social security | 45 | €9,368 | €18,059 | +€8,691 | +92.8% |
| Taxes | 450/3 | €6,636 | €18,059 | +€11,422 | +172% |
| Remuneration and social security | 454/9 | €2,731 | - | -€2,731 | |
| Other amounts payable | 47/48 | €19,817 | €21,575 | +€1,759 | +8.9% |
| Accrued charges and deferred income | 492/3 | €339 | - | -€339 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,786 | €11,715 | -€1,072 | -8.4% |
| Other operating charges | 640/8 | €4,913 | €2,086 | -€2,828 | -57.5% |
| Gross operating margin | 9900 | €44,781 | €64,953 | +€20,172 | +45.0% |
| Operating profit (loss) | 9901 | €27,082 | €51,152 | +€24,071 | +88.9% |
| Financial income | 75/76B | €1,567 | €25,779 | +€24,213 | +1,546% |
| Recurring financial income | 75 | €1,567 | €1,567 | = | 0.0% |
| Non-recurring financial income | 76B | - | €24,213 | +€24,213 | |
| Financial charges | 65/66B | €1,455 | €567 | -€888 | -61.0% |
| Recurring financial charges | 65 | €1,455 | €567 | -€888 | -61.0% |
| Profit (loss) for the period before taxes | 9903 | €27,193 | €76,365 | +€49,171 | +181% |
| Income taxes | 67/77 | €6,656 | €16,958 | +€10,302 | +155% |
| Profit (loss) for the period | 9904 | €20,537 | €59,407 | +€38,870 | +189% |
| Profit (loss) for the period to be appropriated | 9905 | €20,537 | €59,407 | +€38,870 | +189% |
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 8 November 2026 via checked.be.