SIMAA: 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.
SIMAA
Largest movements
- Receivables within one year -€20,327
down €20,327 (-85.8%), from €23,696 to €3,370
of which Trade receivables: -€21,287
- Cash -€7,000
down €7,000 (-75.8%), from €9,238 to €2,237
mainly Trade debts (-€26,618) and Tax, wage and social debts (-€10,856)
- Stocks and contracts +€5,517
up €5,517 (+6.5%), from €84,757 to €90,274
- Intangible fixed assets -€3,000
down €3,000 (-25.0%), from €12,000 to €9,000
- Trade debts -€26,618
down €26,618 (-99.9%), from €26,655 to €37
- Other debts +€22,179
up €22,179 (+444%), from €5,000 to €27,179
- Tax, wage and social debts -€10,856
down €10,856 (-69.8%), from €15,550 to €4,693
of which Taxes: -€8,224
- Profit (loss) carried forward -€6,785
down €6,785 (-9.6%), from €70,323 to €63,538
- Debts after one year -€6,148
down €6,148 (-24.1%), from €25,470 to €19,321
- Gross operating margin -€22,645
down €22,645 (-48.9%), from €46,278 to €23,633
- Depreciation +€5,950
up €5,950 (+161%), from €3,693 to €9,643
- Other operating charges -€5,479
down €5,479 (-85.5%), from €6,411 to €932
- Taxes -€3,428
down €3,428 (-87.9%), from €3,900 to €472
- Financial charges +€1,143
up €1,143 (+52.9%), from €2,160 to €3,303
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 | €164,517 | €138,217 | -€26,299 | -16.0% |
| Fixed assets | 21/28 | €45,609 | €41,758 | -€3,851 | -8.4% |
| Intangible fixed assets | 21 | €12,000 | €9,000 | -€3,000 | -25.0% |
| Tangible fixed assets | 22/27 | €30,940 | €30,089 | -€851 | -2.8% |
| Furniture and vehicles | 24 | €30,940 | €24,682 | -€6,258 | -20.2% |
| Other tangible fixed assets | 26 | - | €5,407 | +€5,407 | |
| Financial fixed assets | 28 | €2,669 | €2,669 | = | 0.0% |
| Current assets | 29/58 | €118,908 | €96,459 | -€22,448 | -18.9% |
| Stocks and contracts in progress | 3 | €84,757 | €90,274 | +€5,517 | +6.5% |
| Stocks | 30/36 | €84,757 | €90,274 | +€5,517 | +6.5% |
| Amounts receivable within one year | 40/41 | €23,696 | €3,370 | -€20,327 | -85.8% |
| Trade receivables | 40 | €21,578 | €291 | -€21,287 | -98.7% |
| Other amounts receivable | 41 | €2,118 | €3,079 | +€960 | +45.3% |
| Cash at bank and in hand | 54/58 | €9,238 | €2,237 | -€7,000 | -75.8% |
| Deferred charges and accrued income | 490/1 | €1,217 | €579 | -€639 | -52.5% |
| Total equity and liabilities | 10/49 | €164,517 | €138,217 | -€26,299 | -16.0% |
| Equity | 10/15 | €85,923 | €79,138 | -€6,785 | -7.9% |
| Contributions | 10/11 | €13,700 | €13,700 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,323 | €63,538 | -€6,785 | -9.6% |
| Amounts payable | 17/49 | €78,594 | €59,079 | -€19,515 | -24.8% |
| Amounts payable after more than one year | 17 | €25,470 | €19,321 | -€6,148 | -24.1% |
| Financial debts | 170/4 | €25,470 | €19,321 | -€6,148 | -24.1% |
| Amounts payable within one year | 42/48 | €53,124 | €38,058 | -€15,067 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €5,920 | €6,148 | +€228 | +3.9% |
| Trade debts | 44 | €26,655 | €37 | -€26,618 | -99.9% |
| Suppliers | 440/4 | €26,655 | €37 | -€26,618 | -99.9% |
| Taxes, remuneration and social security | 45 | €15,550 | €4,693 | -€10,856 | -69.8% |
| Taxes | 450/3 | €8,224 | - | -€8,224 | |
| Remuneration and social security | 454/9 | €7,326 | €4,693 | -€2,633 | -35.9% |
| Other amounts payable | 47/48 | €5,000 | €27,179 | +€22,179 | +444% |
| Accrued charges and deferred income | 492/3 | - | €1,700 | +€1,700 | |
| Remuneration, social security and pensions | 62 | €15,263 | €16,068 | +€805 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,693 | €9,643 | +€5,950 | +161% |
| Other operating charges | 640/8 | €6,411 | €932 | -€5,479 | -85.5% |
| Gross operating margin | 9900 | €46,278 | €23,633 | -€22,645 | -48.9% |
| Operating profit (loss) | 9901 | €20,910 | -€3,010 | -€23,920 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,160 | €3,303 | +€1,143 | +52.9% |
| Recurring financial charges | 65 | €2,160 | €3,303 | +€1,143 | +52.9% |
| Profit (loss) for the period before taxes | 9903 | €18,750 | -€6,312 | -€25,063 | |
| Income taxes | 67/77 | €3,900 | €472 | -€3,428 | -87.9% |
| Profit (loss) for the period | 9904 | €14,850 | -€6,785 | -€21,635 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,850 | -€6,785 | -€21,635 |
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 14 October 2026 via checked.be.