Simac Holding Belgium: 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.
What changed
Simac Holding Belgium
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€38,243
2024 · €29,230+€9,013
Equity
€4.8m
2024 · €4.8m+€38,243
Cash
€625,970
2024 · €561,205+€64,765
Balance sheet total
€12.6m
2024 · €12.8m-€201,993
Largest movements
Assets
- Tangible fixed assets -€351,680
down €351,680 (-3.5%), from €10.1m to €9.8m
Equity and liabilities
- Debts after one year -€296,800
down €296,800 (-4.3%), from €6.9m to €6.6m
Income statement
- Other operating charges -€56,519
down €56,519 (-88.6%), from €63,827 to €7,308
- Taxes +€50,831
up €50,831 (+487%), from €10,428 to €61,259
- Services and other goods -€35,737
down €35,737 (-19.6%), from €182,184 to €146,447
- Other operating income -€28,546
down €28,546 (-3.5%), from €814,953 to €786,407
- Financial charges +€7,776
up €7,776 (+2.3%), from €342,811 to €350,587
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
€29,230
Other operating income
-€28,546
Goods and materials
+€4,343
Services and other goods
+€35,737
Depreciation
-€433
Other operating charges
+€56,519
Financial charges
-€7,776
Taxes
-€50,831
Result 2025
€38,243
raises the resultlowers the result
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.
From operations
+€366,448
Investment
-€4,883
Financing
-€296,800
Cash 2024
€561,205
From operations (derived)
+€366,448
Net result for the year
+€38,243
Depreciation
+€357,563
Receivables within one year
-€80,312
Deferred charges and accrued income
-€5,610
Trade debts
+€5,903
Tax, wage and social debts
+€64,417
Other debts
-€30
Accrued charges and deferred income
-€13,726
Investment (derived)
-€4,883
Investment in fixed assets (net)
-€4,883
Financing
-€296,800
Debts after one year
-€296,800
Cash 2025
€625,970
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,813,203 | €12,611,210 | -€201,993 | -1.6% |
| Fixed assets | 21/28 | €10,127,331 | €9,774,651 | -€352,680 | -3.5% |
| Tangible fixed assets | 22/27 | €10,126,331 | €9,774,651 | -€351,680 | -3.5% |
| Land and buildings | 22 | €10,126,331 | €9,774,651 | -€351,680 | -3.5% |
| Financial fixed assets | 28 | €1,000 | - | -€1,000 | |
| Affiliated companies | 280/1 | €1,000 | - | -€1,000 | |
| Participating interests | 280 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €2,685,872 | €2,836,559 | +€150,687 | +5.6% |
| Amounts receivable within one year | 40/41 | €2,121,000 | €2,201,312 | +€80,312 | +3.8% |
| Trade receivables | 40 | €121,000 | €201,312 | +€80,312 | +66.4% |
| Other amounts receivable | 41 | €2,000,000 | €2,000,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €561,205 | €625,970 | +€64,765 | +11.5% |
| Deferred charges and accrued income | 490/1 | €3,667 | €9,277 | +€5,610 | +153% |
| Total equity and liabilities | 10/49 | €12,813,203 | €12,611,210 | -€201,993 | -1.6% |
| Equity | 10/15 | €4,772,884 | €4,811,127 | +€38,243 | +0.8% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €394,621 | €394,621 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €294,621 | €294,621 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,378,263 | €3,416,506 | +€38,243 | +1.1% |
| Amounts payable | 17/49 | €8,040,319 | €7,800,083 | -€240,236 | -3.0% |
| Amounts payable after more than one year | 17 | €6,875,867 | €6,579,067 | -€296,800 | -4.3% |
| Financial debts | 170/4 | €6,875,867 | €6,579,067 | -€296,800 | -4.3% |
| Other loans | 174 | €6,875,867 | €6,579,067 | -€296,800 | -4.3% |
| Amounts payable within one year | 42/48 | €1,015,552 | €1,085,842 | +€70,290 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €296,800 | €296,800 | = | 0.0% |
| Trade debts | 44 | €8,184 | €14,087 | +€5,903 | +72.1% |
| Suppliers | 440/4 | €8,184 | €14,087 | +€5,903 | +72.1% |
| Taxes, remuneration and social security | 45 | €9,192 | €73,609 | +€64,417 | +701% |
| Taxes | 450/3 | €9,192 | €73,609 | +€64,417 | +701% |
| Other amounts payable | 47/48 | €701,376 | €701,346 | -€30 | 0.0% |
| Accrued charges and deferred income | 492/3 | €148,900 | €135,174 | -€13,726 | -9.2% |
| Operating income | 70/76A | €989,953 | €961,407 | -€28,546 | -2.9% |
| Turnover | 70 | €175,000 | €175,000 | = | 0.0% |
| Other operating income | 74 | €814,953 | €786,407 | -€28,546 | -3.5% |
| Operating charges | 60/66A | €607,484 | €511,318 | -€96,166 | -15.8% |
| Goods for resale, raw materials and consumables | 60 | €4,343 | - | -€4,343 | |
| Purchases | 600/8 | €4,343 | - | -€4,343 | |
| Services and other goods | 61 | €182,184 | €146,447 | -€35,737 | -19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €357,130 | €357,563 | +€433 | +0.1% |
| Other operating charges | 640/8 | €63,827 | €7,308 | -€56,519 | -88.6% |
| Operating profit (loss) | 9901 | €382,469 | €450,089 | +€67,620 | +17.7% |
| Financial charges | 65/66B | €342,811 | €350,587 | +€7,776 | +2.3% |
| Recurring financial charges | 65 | €342,811 | €350,587 | +€7,776 | +2.3% |
| Debt charges | 650 | €333,344 | €350,098 | +€16,754 | +5.0% |
| Other financial charges | 652/9 | €9,467 | €489 | -€8,978 | -94.8% |
| Profit (loss) for the period before taxes | 9903 | €39,658 | €99,502 | +€59,844 | +151% |
| Income taxes | 67/77 | €10,428 | €61,259 | +€50,831 | +487% |
| Taxes | 670/3 | €10,428 | €61,259 | +€50,831 | +487% |
| Profit (loss) for the period | 9904 | €29,230 | €38,243 | +€9,013 | +30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,230 | €38,243 | +€9,013 | +30.8% |
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 31 October 2026 via checked.be.