SIMAC TRADING: 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.
SIMAC TRADING
Largest movements
- Tangible fixed assets -€55,559
down €55,559 (-11.8%), from €472,822 to €417,263
of which Land and buildings: -€45,029
- Stocks and contracts +€26,623
up €26,623 (+49.6%), from €53,713 to €80,337
- Cash -€21,601
down €21,601 (-19.8%), from €109,023 to €87,422
mainly Contributions, distributions and other (-€33,012) and Stocks and contracts (-€26,623)
- Reserves -€55,813
down €55,813 (-11.2%), from €499,131 to €443,318
of which Tax-exempt reserves: -€32,483
- Other debts +€27,191
up €27,191 (+495.2%), from €5,490 to €32,681
- Debts after one year -€10,969
down €10,969 (-12.3%), from €89,304 to €78,335
- Trade debts +€9,267
up €9,267 (+101.8%), from €9,102 to €18,369
- Tax, wage and social debts -€8,583
down €8,583 (-72.6%), from €11,828 to €3,245
of which Taxes: -€7,083
- Gross operating margin -€42,881
down €42,881 (-44.4%), from €96,646 to €53,765
- Taxes -€14,732
down €14,732 (-79.6%), from €18,509 to €3,777
- Depreciation -€12,931
down €12,931 (-14.0%), from €92,474 to €79,543
- Financial income -€2,932
down €2,932 (-21.2%), from €13,855 to €10,923
of which Financial income: -€2,382
- Other operating charges +€1,442
up €1,442 (+18.8%), from €7,677 to €9,120
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 | €684,630 | €636,329 | -€48,301 | -7.1% |
| Fixed assets | 21/28 | €472,978 | €417,419 | -€55,559 | -11.7% |
| Tangible fixed assets | 22/27 | €472,822 | €417,263 | -€55,559 | -11.8% |
| Land and buildings | 22 | €372,846 | €327,817 | -€45,029 | -12.1% |
| Plant, machinery and equipment | 23 | €9,726 | €10,386 | +€660 | +6.8% |
| Furniture and vehicles | 24 | €90,249 | €79,059 | -€11,190 | -12.4% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €156 | €156 | = | 0.0% |
| Current assets | 29/58 | €211,652 | €218,909 | +€7,257 | +3.4% |
| Stocks and contracts in progress | 3 | €53,713 | €80,337 | +€26,623 | +49.6% |
| Stocks | 30/36 | €53,713 | €80,337 | +€26,623 | +49.6% |
| Amounts receivable within one year | 40/41 | €44,739 | €43,719 | -€1,020 | -2.3% |
| Trade receivables | 40 | €34,739 | €29,998 | -€4,742 | -13.6% |
| Other amounts receivable | 41 | €10,000 | €13,721 | +€3,721 | +37.2% |
| Cash at bank and in hand | 54/58 | €109,023 | €87,422 | -€21,601 | -19.8% |
| Deferred charges and accrued income | 490/1 | €4,177 | €7,431 | +€3,255 | +77.9% |
| Total equity and liabilities | 10/49 | €684,630 | €636,329 | -€48,301 | -7.1% |
| Equity | 10/15 | €530,857 | €474,292 | -€56,565 | -10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €499,131 | €443,318 | -€55,813 | -11.2% |
| Tax-exempt reserves | 132 | €169,052 | €136,569 | -€32,483 | -19.2% |
| Distributable reserves | 133 | €330,079 | €306,749 | -€23,330 | -7.1% |
| Profit (loss) carried forward | 14 | €1,103 | €1,103 | = | 0.0% |
| Investment grants | 15 | €12,023 | €11,271 | -€752 | -6.3% |
| Provisions and deferred taxes | 16 | €26,530 | €18,390 | -€8,140 | -30.7% |
| Deferred taxes | 168 | €26,530 | €18,390 | -€8,140 | -30.7% |
| Amounts payable | 17/49 | €127,243 | €143,646 | +€16,403 | +12.9% |
| Amounts payable after more than one year | 17 | €89,304 | €78,335 | -€10,969 | -12.3% |
| Financial debts | 170/4 | €89,304 | €78,335 | -€10,969 | -12.3% |
| Amounts payable within one year | 42/48 | €37,938 | €65,264 | +€27,325 | +72.0% |
| Current portion of amounts payable after more than one year | 42 | €11,518 | €10,969 | -€549 | -4.8% |
| Trade debts | 44 | €9,102 | €18,369 | +€9,267 | +101.8% |
| Suppliers | 440/4 | €9,102 | €18,369 | +€9,267 | +101.8% |
| Taxes, remuneration and social security | 45 | €11,828 | €3,245 | -€8,583 | -72.6% |
| Taxes | 450/3 | €10,328 | €3,245 | -€7,083 | -68.6% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100.0% |
| Other amounts payable | 47/48 | €5,490 | €32,681 | +€27,191 | +495.2% |
| Accrued charges and deferred income | 492/3 | - | €47 | +€47 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,474 | €79,543 | -€12,931 | -14.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,677 | €9,120 | +€1,442 | +18.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €96,646 | €53,765 | -€42,881 | -44.4% |
| Operating profit (loss) | 9901 | -€3,505 | -€34,898 | -€31,393 | -895.5% |
| Financial income | 75/76B | €13,855 | €10,923 | -€2,932 | -21.2% |
| Recurring financial income | 75 | €4,290 | €1,908 | -€2,382 | -55.5% |
| Non-recurring financial income | 76B | €9,565 | €9,015 | -€550 | -5.8% |
| Financial charges | 65/66B | €4,084 | €3,941 | -€143 | -3.5% |
| Recurring financial charges | 65 | €4,084 | €3,941 | -€143 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €6,266 | -€27,916 | -€34,182 | |
| Transfer from deferred taxes | 780 | €9,940 | €8,140 | -€1,800 | -18.1% |
| Income taxes | 67/77 | €18,509 | €3,777 | -€14,732 | -79.6% |
| Profit (loss) for the period | 9904 | -€2,303 | -€23,553 | -€21,250 | -922.6% |
| Transfer from tax-exempt reserves | 789 | €39,681 | €32,483 | -€7,198 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,378 | €8,930 | -€28,448 | -76.1% |
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 4 October 2026 via checked.be.