SIMAFIN: 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.
SIMAFIN
Largest movements
- Cash -€44,180
down €44,180 (-12.0%), from €369,305 to €325,125
mainly Contributions, distributions and other (-€295,856) and Receivables within one year (-€2,421)
- Reserves -€78,159
down €78,159 (-21.7%), from €360,866 to €282,707
of which Distributable reserves: -€78,159
- Tax, wage and social debts +€32,820
up €32,820 (+153.2%), from €21,427 to €54,247
- Gross operating margin +€93,641
up €93,641 (+49.6%), from €188,965 to €282,607
- Taxes +€24,700
up €24,700 (+56.0%), from €44,086 to €68,786
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 | €401,331 | €358,412 | -€42,919 | -10.7% |
| Fixed assets | 21/28 | €1,086 | €766 | -€320 | -29.5% |
| Tangible fixed assets | 22/27 | €986 | €666 | -€320 | -32.4% |
| Plant, machinery and equipment | 23 | €986 | €666 | -€320 | -32.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €400,245 | €357,646 | -€42,599 | -10.6% |
| Amounts receivable within one year | 40/41 | €28,888 | €31,309 | +€2,421 | +8.4% |
| Trade receivables | 40 | €27,830 | €31,309 | +€3,479 | +12.5% |
| Other amounts receivable | 41 | €1,058 | €0 | -€1,058 | -100.0% |
| Cash at bank and in hand | 54/58 | €369,305 | €325,125 | -€44,180 | -12.0% |
| Deferred charges and accrued income | 490/1 | €2,052 | €1,212 | -€841 | -41.0% |
| Total equity and liabilities | 10/49 | €401,331 | €358,412 | -€42,919 | -10.7% |
| Equity | 10/15 | €379,466 | €301,307 | -€78,159 | -20.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €360,866 | €282,707 | -€78,159 | -21.7% |
| Tax-exempt reserves | 132 | €63,150 | €63,150 | = | 0.0% |
| Distributable reserves | 133 | €297,716 | €219,557 | -€78,159 | -26.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,864 | €57,104 | +€35,240 | +161.2% |
| Amounts payable within one year | 42/48 | €21,864 | €57,104 | +€35,240 | +161.2% |
| Trade debts | 44 | €437 | €2,857 | +€2,420 | +553.3% |
| Suppliers | 440/4 | €437 | €2,857 | +€2,420 | +553.3% |
| Taxes, remuneration and social security | 45 | €21,427 | €54,247 | +€32,820 | +153.2% |
| Taxes | 450/3 | €21,427 | €54,247 | +€32,820 | +153.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,295 | €320 | -€976 | -75.3% |
| Other operating charges | 640/8 | €1,141 | €1,206 | +€64 | +5.7% |
| Gross operating margin | 9900 | €188,965 | €282,607 | +€93,641 | +49.6% |
| Operating profit (loss) | 9901 | €186,529 | €281,081 | +€94,553 | +50.7% |
| Financial income | 75/76B | €7,146 | €5,548 | -€1,598 | -22.4% |
| Recurring financial income | 75 | €7,146 | €5,548 | -€1,598 | -22.4% |
| Financial charges | 65/66B | €108 | €145 | +€37 | +34.0% |
| Recurring financial charges | 65 | €108 | €145 | +€37 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €193,566 | €286,484 | +€92,918 | +48.0% |
| Income taxes | 67/77 | €44,086 | €68,786 | +€24,700 | +56.0% |
| Profit (loss) for the period | 9904 | €149,480 | €217,697 | +€68,217 | +45.6% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €0 | -€63,150 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €86,330 | €217,697 | +€131,367 | +152.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.