Simac: 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.
What changed
Simac
NACE 62.900, Other information technology and computer services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€841,867
2024 · €978,819-€136,952
Equity
€10.6m
2024 · €9.8m+€841,867
Cash
€866,040
2024 · €663,093+€202,947
Balance sheet total
€40.6m
2024 · €40.2m+€325,984
Largest movements
Assets
- Deferred charges and accrued income +€1.8m
up €1.8m (+30.6%), from €6.0m to €7.8m
- Receivables within one year -€1.6m
down €1.6m (-6.1%), from €26.9m to €25.3m
of which Trade receivables: -€5.4m
Equity and liabilities
- Accrued charges and deferred income +€1.4m
up €1.4m (+9.3%), from €14.9m to €16.3m
- Trade debts -€1.4m
down €1.4m (-16.5%), from €8.4m to €7.0m
- Reserves +€841,867
up €841,867 (+16.4%), from €5.1m to €6.0m
of which Distributable reserves: +€841,867
- Advances received -€557,401
down €557,401 (-14.4%), from €3.9m to €3.3m
Income statement
- Turnover -€3.8m
down €3.8m (-5.1%), from €73.4m to €69.7m
- Goods and materials -€3.7m
down €3.7m (-7.4%), from €49.5m to €45.8m
of which Purchases: -€2.4m
- Services and other goods -€1.2m
down €1.2m (-10.6%), from €11.4m to €10.2m
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.
Result 2024
€978,819
Turnover
-€3.8m
Other operating income
-€111,417
Goods and materials
+€3.7m
Services and other goods
+€1.2m
Staff costs
-€526,728
Depreciation
-€11,701
Write-downs
-€268,838
Other operating charges
+€17,958
Other operating items
-€345,394
Financial income
-€363,122
Financial charges
+€306,162
Taxes
+€42,917
Result 2025
€841,867
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.
From operations
+€580,196
Investment
-€377,249
Financing
€0
Cash 2024
€663,093
From operations (derived)
+€580,196
Net result for the year
+€841,867
Depreciation
+€347,181
Stocks and contracts
+€104,882
Receivables within one year
+€1.6m
Deferred charges and accrued income
-€1.8m
Trade debts
-€1.4m
Tax, wage and social debts
+€37,547
Advances received
-€557,401
Accrued charges and deferred income
+€1.4m
Investment (derived)
-€377,249
Investment in fixed assets (net)
-€377,249
Cash 2025
€866,040
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,227,889 | €40,553,873 | +€325,984 | +0.8% |
| Fixed assets | 21/28 | €1,637,331 | €1,667,399 | +€30,068 | +1.8% |
| Intangible fixed assets | 21 | €100,148 | €70,929 | -€29,219 | -29.2% |
| Tangible fixed assets | 22/27 | €1,102,431 | €1,136,169 | +€33,738 | +3.1% |
| Land and buildings | 22 | €222,848 | €200,044 | -€22,804 | -10.2% |
| Plant, machinery and equipment | 23 | €255,517 | €419,017 | +€163,500 | +64.0% |
| Furniture and vehicles | 24 | €624,066 | €517,108 | -€106,958 | -17.1% |
| Financial fixed assets | 28 | €434,752 | €460,301 | +€25,549 | +5.9% |
| Other financial fixed assets | 284/8 | €434,752 | €460,301 | +€25,549 | +5.9% |
| Amounts receivable and cash guarantees | 285/8 | €434,752 | €460,301 | +€25,549 | +5.9% |
| Current assets | 29/58 | €38,590,558 | €38,886,474 | +€295,916 | +0.8% |
| Stocks and contracts in progress | 3 | €4,998,920 | €4,894,038 | -€104,882 | -2.1% |
| Stocks | 30/36 | €755,746 | €856,682 | +€100,936 | +13.4% |
| Goods purchased for resale | 34 | €755,746 | €856,682 | +€100,936 | +13.4% |
| Contracts in progress | 37 | €4,243,174 | €4,037,356 | -€205,818 | -4.9% |
| Amounts receivable within one year | 40/41 | €26,943,517 | €25,307,853 | -€1.6m | -6.1% |
| Trade receivables | 40 | €19,131,499 | €13,696,691 | -€5.4m | -28.4% |
| Other amounts receivable | 41 | €7,812,018 | €11,611,162 | +€3.8m | +48.6% |
| Cash at bank and in hand | 54/58 | €663,093 | €866,040 | +€202,947 | +30.6% |
| Deferred charges and accrued income | 490/1 | €5,985,028 | €7,818,543 | +€1.8m | +30.6% |
| Total equity and liabilities | 10/49 | €40,227,889 | €40,553,873 | +€325,984 | +0.8% |
| Equity | 10/15 | €9,760,324 | €10,602,191 | +€841,867 | +8.6% |
| Contributions | 10/11 | €4,625,000 | €4,625,000 | = | 0.0% |
| Capital | 10 | €4,625,000 | €4,625,000 | = | 0.0% |
| Issued capital | 100 | €4,625,000 | €4,625,000 | = | 0.0% |
| Reserves | 13 | €5,135,324 | €5,977,191 | +€841,867 | +16.4% |
| Non-distributable reserves | 130/1 | €462,500 | €462,500 | = | 0.0% |
| Legal reserve | 130 | €462,500 | €462,500 | = | 0.0% |
| Distributable reserves | 133 | €4,672,824 | €5,514,691 | +€841,867 | +18.0% |
| Provisions and deferred taxes | 16 | €60,000 | €60,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €60,000 | €60,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable | 17/49 | €30,407,565 | €29,891,682 | -€515,883 | -1.7% |
| Amounts payable within one year | 42/48 | €15,518,451 | €13,611,943 | -€1.9m | -12.3% |
| Trade debts | 44 | €8,428,018 | €7,041,364 | -€1.4m | -16.5% |
| Suppliers | 440/4 | €8,428,018 | €7,041,364 | -€1.4m | -16.5% |
| Advances received on contracts in progress | 46 | €3,861,962 | €3,304,561 | -€557,401 | -14.4% |
| Taxes, remuneration and social security | 45 | €3,228,471 | €3,266,018 | +€37,547 | +1.2% |
| Taxes | 450/3 | €757,154 | €809,888 | +€52,734 | +7.0% |
| Remuneration and social security | 454/9 | €2,471,317 | €2,456,130 | -€15,187 | -0.6% |
| Accrued charges and deferred income | 492/3 | €14,889,114 | €16,279,739 | +€1.4m | +9.3% |
| Operating income | 70/76A | €78,117,786 | €73,910,204 | -€4.2m | -5.4% |
| Turnover | 70 | €73,416,764 | €69,665,993 | -€3.8m | -5.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €3,364,309 | €3,019,515 | -€344,794 | -10.2% |
| Other operating income | 74 | €1,335,763 | €1,224,346 | -€111,417 | -8.3% |
| Non-recurring operating income | 76A | €950 | €350 | -€600 | -63.2% |
| Operating charges | 60/66A | €76,579,304 | €72,494,631 | -€4.1m | -5.3% |
| Goods for resale, raw materials and consumables | 60 | €49,510,870 | €45,843,290 | -€3.7m | -7.4% |
| Purchases | 600/8 | €48,386,456 | €45,968,187 | -€2.4m | -5.0% |
| Change in stocks: decrease (increase) | 609 | €1,124,414 | -€124,897 | -€1.2m | |
| Services and other goods | 61 | €11,405,891 | €10,199,489 | -€1.2m | -10.6% |
| Remuneration, social security and pensions | 62 | €15,450,336 | €15,977,064 | +€526,728 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €335,480 | €347,181 | +€11,701 | +3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€231,084 | €37,754 | +€268,838 | |
| Other operating charges | 640/8 | €107,811 | €89,853 | -€17,958 | -16.7% |
| Operating profit (loss) | 9901 | €1,538,482 | €1,415,573 | -€122,909 | -8.0% |
| Financial income | 75/76B | €534,993 | €171,871 | -€363,122 | -67.9% |
| Recurring financial income | 75 | €534,993 | €171,871 | -€363,122 | -67.9% |
| Other financial income | 752/9 | €534,993 | €171,871 | -€363,122 | -67.9% |
| Financial charges | 65/66B | €641,637 | €335,475 | -€306,162 | -47.7% |
| Recurring financial charges | 65 | €641,637 | €335,475 | -€306,162 | -47.7% |
| Debt charges | 650 | €150,907 | €176,683 | +€25,776 | +17.1% |
| Other financial charges | 652/9 | €490,730 | €158,792 | -€331,938 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | €1,431,838 | €1,251,969 | -€179,869 | -12.6% |
| Income taxes | 67/77 | €453,019 | €410,102 | -€42,917 | -9.5% |
| Taxes | 670/3 | €600,000 | €500,000 | -€100,000 | -16.7% |
| Tax adjustments and reversals of tax provisions | 77 | €146,981 | €89,898 | -€57,083 | -38.8% |
| Profit (loss) for the period | 9904 | €978,819 | €841,867 | -€136,952 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €978,819 | €841,867 | -€136,952 | -14.0% |
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 2 October 2026 via checked.be.