SIMA vastgoed: what changed
Two financial 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 vastgoed
Largest movements
- Tangible fixed assets -€180,722
down €180,722 (-5.3%), from €3.4m to €3.2m
of which Land and buildings: -€180,722
- Current investments +€126,626
up €126,626 (+622%), from €20,374 to €147,000
- Current portion of long-term debt +€527,941
up €527,941 (+184%), from €287,263 to €815,204
- Short-term financial debts -€411,594
down €411,594 (-100%), from €411,594 to €0
- Profit (loss) carried forward -€167,044
down €167,044 (-76.7%), from -€217,790 to -€384,834
- Gross operating margin -€99,397
down €99,397 (-45.4%), from €219,094 to €119,696
- Depreciation -€10,977
down €10,977 (-5.7%), from €191,699 to €180,722
- Financial charges +€4,425
up €4,425 (+6.1%), from €72,093 to €76,518
- Other operating charges +€2,664
up €2,664 (+9.6%), from €27,649 to €30,313
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.
Derived cash bridge
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 | €3,612,547 | €3,567,005 | -€45,542 | -1.3% |
| Fixed assets | 21/28 | €3,426,846 | €3,246,124 | -€180,722 | -5.3% |
| Tangible fixed assets | 22/27 | €3,426,846 | €3,246,124 | -€180,722 | -5.3% |
| Land and buildings | 22 | €3,385,816 | €3,205,094 | -€180,722 | -5.3% |
| Furniture and vehicles | 24 | €41,030 | €41,030 | = | 0.0% |
| Current assets | 29/58 | €185,701 | €320,881 | +€135,180 | +72.8% |
| Amounts receivable within one year | 40/41 | €119,179 | €149,845 | +€30,666 | +25.7% |
| Other amounts receivable | 41 | €119,179 | €149,845 | +€30,666 | +25.7% |
| Current investments | 50/53 | €20,374 | €147,000 | +€126,626 | +622% |
| Cash at bank and in hand | 54/58 | €40,150 | €17,829 | -€22,321 | -55.6% |
| Deferred charges and accrued income | 490/1 | €5,998 | €6,208 | +€210 | +3.5% |
| Total equity and liabilities | 10/49 | €3,612,547 | €3,567,005 | -€45,542 | -1.3% |
| Equity | 10/15 | €548,845 | €381,801 | -€167,044 | -30.4% |
| Contributions | 10/11 | €265,000 | €265,000 | = | 0.0% |
| Reserves | 13 | €501,635 | €501,635 | = | 0.0% |
| Distributable reserves | 133 | €501,635 | €501,635 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€217,790 | -€384,834 | -€167,044 | -76.7% |
| Amounts payable | 17/49 | €3,063,702 | €3,185,204 | +€121,502 | +4.0% |
| Amounts payable after more than one year | 17 | €1,960,530 | €1,977,880 | +€17,349 | +0.9% |
| Financial debts | 170/4 | €1,275,530 | €1,204,880 | -€70,651 | -5.5% |
| Other amounts payable | 178/9 | €685,000 | €773,000 | +€88,000 | +12.8% |
| Amounts payable within one year | 42/48 | €1,103,172 | €1,207,325 | +€104,153 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €287,263 | €815,204 | +€527,941 | +184% |
| Financial debts | 43 | €411,594 | €0 | -€411,594 | -100% |
| Credit institutions | 430/8 | €411,594 | €0 | -€411,594 | -100% |
| Trade debts | 44 | €291,601 | €298,981 | +€7,379 | +2.5% |
| Suppliers | 440/4 | €291,601 | €298,981 | +€7,379 | +2.5% |
| Other amounts payable | 47/48 | €112,714 | €93,140 | -€19,574 | -17.4% |
| Non-recurring operating income | 76A | €5,550 | - | -€5,550 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,699 | €180,722 | -€10,977 | -5.7% |
| Other operating charges | 640/8 | €27,649 | €30,313 | +€2,664 | +9.6% |
| Gross operating margin | 9900 | €219,094 | €119,696 | -€99,397 | -45.4% |
| Operating profit (loss) | 9901 | -€254 | -€91,339 | -€91,084 | -35,791% |
| Financial income | 75/76B | €2,860 | €813 | -€2,047 | -71.6% |
| Recurring financial income | 75 | €2,860 | €813 | -€2,047 | -71.6% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €72,093 | €76,518 | +€4,425 | +6.1% |
| Recurring financial charges | 65 | €72,093 | €76,518 | +€4,425 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | -€69,488 | -€167,044 | -€97,556 | -140% |
| Profit (loss) for the period | 9904 | -€69,488 | -€167,044 | -€97,556 | -140% |
| Profit (loss) for the period to be appropriated | 9905 | -€69,488 | -€167,044 | -€97,556 | -140% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.