SIMABS: 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.
SIMABS
Largest movements
- Cash +€807,823
up €807,823 (+496.3%), from €162,766 to €970,589
mainly Contributions, distributions and other (+€2.8m) and Trade debts (+€1.0m)
- Receivables after one year +€320,000
new in 2025: €320,000
- Receivables within one year +€226,627
up €226,627 (+49.7%), from €455,908 to €682,535
of which Other amounts receivable: +€448,572
- Tangible fixed assets +€185,145
up €185,145 (+46.9%), from €395,181 to €580,326
of which Plant, machinery and equipment: +€328,650
- Contributions +€2.8m
up €2.8m (+147.6%), from €1.9m to €4.7m
- Profit (loss) carried forward -€1.5m
down €1.5m (-64.3%), from -€2.3m to -€3.8m
- Trade debts +€1.0m
up €1.0m (+781.9%), from €129,211 to €1.1m
- Debts after one year -€515,432
down €515,432 (-66.3%), from €777,162 to €261,730
- Accrued charges and deferred income -€227,015
down €227,015 (-87.8%), from €258,500 to €31,485
- Staff costs +€430,516
up €430,516 (+65.1%), from €661,307 to €1.1m
- Gross operating margin -€24,146
down €24,146 (-23.0%), from -€105,189 to -€129,335
- Depreciation +€15,341
up €15,341 (+7.8%), from €195,945 to €211,286
- Other operating charges +€10,226
up €10,226 (+674.6%), from €1,516 to €11,742
- Financial charges +€5,212
up €5,212 (+22.1%), from €23,553 to €28,766
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 | €1,110,878 | €2,668,774 | +€1.6m | +140.2% |
| Fixed assets | 21/28 | €422,450 | €604,030 | +€181,580 | +43.0% |
| Intangible fixed assets | 21 | €7,218 | €3,653 | -€3,565 | -49.4% |
| Tangible fixed assets | 22/27 | €395,181 | €580,326 | +€185,145 | +46.9% |
| Plant, machinery and equipment | 23 | €96,615 | €425,265 | +€328,650 | +340.2% |
| Furniture and vehicles | 24 | €197 | €0 | -€197 | -100.0% |
| Leasing and similar rights | 25 | €287,842 | €146,708 | -€141,135 | -49.0% |
| Other tangible fixed assets | 26 | €10,527 | €8,354 | -€2,173 | -20.6% |
| Financial fixed assets | 28 | €20,051 | €20,051 | = | 0.0% |
| Current assets | 29/58 | €688,428 | €2,064,744 | +€1.4m | +199.9% |
| Amounts receivable after more than one year | 29 | - | €320,000 | +€320,000 | |
| Other amounts receivable | 291 | - | €320,000 | +€320,000 | |
| Stocks and contracts in progress | 3 | €69,754 | €69,754 | = | 0.0% |
| Stocks | 30/36 | €69,754 | €69,754 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €455,908 | €682,535 | +€226,627 | +49.7% |
| Trade receivables | 40 | €378,458 | €156,513 | -€221,945 | -58.6% |
| Other amounts receivable | 41 | €77,450 | €526,022 | +€448,572 | +579.2% |
| Cash at bank and in hand | 54/58 | €162,766 | €970,589 | +€807,823 | +496.3% |
| Deferred charges and accrued income | 490/1 | €0 | €21,866 | +€21,866 | |
| Total equity and liabilities | 10/49 | €1,110,878 | €2,668,774 | +€1.6m | +140.2% |
| Equity | 10/15 | -€337,049 | €1,003,251 | +€1.3m | |
| Contributions | 10/11 | €1,906,600 | €4,721,600 | +€2.8m | +147.6% |
| Capital | 10 | €1,906,600 | €4,721,600 | +€2.8m | +147.6% |
| Issued capital | 100 | €1,906,600 | €4,721,600 | +€2.8m | +147.6% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,293,649 | -€3,768,349 | -€1.5m | -64.3% |
| Amounts payable | 17/49 | €1,447,927 | €1,665,523 | +€217,596 | +15.0% |
| Amounts payable after more than one year | 17 | €777,162 | €261,730 | -€515,432 | -66.3% |
| Financial debts | 170/4 | €777,162 | €261,730 | -€515,432 | -66.3% |
| Amounts payable within one year | 42/48 | €412,265 | €1,372,307 | +€960,042 | +232.9% |
| Current portion of amounts payable after more than one year | 42 | €209,364 | €128,736 | -€80,628 | -38.5% |
| Trade debts | 44 | €129,211 | €1,139,529 | +€1.0m | +781.9% |
| Suppliers | 440/4 | €129,211 | €1,139,529 | +€1.0m | +781.9% |
| Taxes, remuneration and social security | 45 | €73,690 | €104,043 | +€30,353 | +41.2% |
| Taxes | 450/3 | €1,708 | €3,773 | +€2,065 | +120.9% |
| Remuneration and social security | 454/9 | €71,982 | €100,270 | +€28,288 | +39.3% |
| Accrued charges and deferred income | 492/3 | €258,500 | €31,485 | -€227,015 | -87.8% |
| Non-recurring operating income | 76A | €196 | €0 | -€196 | -100.0% |
| Remuneration, social security and pensions | 62 | €661,307 | €1,091,823 | +€430,516 | +65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195,945 | €211,286 | +€15,341 | +7.8% |
| Other operating charges | 640/8 | €1,516 | €11,742 | +€10,226 | +674.6% |
| Gross operating margin | 9900 | -€105,189 | -€129,335 | -€24,146 | -23.0% |
| Operating profit (loss) | 9901 | -€963,957 | -€1,444,186 | -€480,229 | -49.8% |
| Financial income | 75/76B | €1,752 | €316 | -€1,436 | -81.9% |
| Recurring financial income | 75 | €1,752 | €316 | -€1,436 | -81.9% |
| Financial charges | 65/66B | €23,553 | €28,766 | +€5,212 | +22.1% |
| Recurring financial charges | 65 | €23,553 | €28,766 | +€5,212 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | -€985,758 | -€1,472,635 | -€486,877 | -49.4% |
| Income taxes | 67/77 | €1,111 | €2,065 | +€955 | +86.0% |
| Profit (loss) for the period | 9904 | -€986,869 | -€1,474,700 | -€487,832 | -49.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€986,869 | -€1,474,700 | -€487,832 | -49.4% |
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 6 October 2026 via checked.be.