SIMAG CONSULT: 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.
SIMAG CONSULT
Largest movements
- Cash +€305,954
up €305,954 (+88.3%), from €346,567 to €652,521
mainly Current investments (+€235,037) and Net result for the year (+€57,076)
- Current investments -€235,037
no longer reported in 2025 (was €235,037)
- Receivables within one year -€30,154
down €30,154 (-69.2%), from €43,565 to €13,411
of which Trade receivables: -€25,020
- Deferred charges and accrued income +€29,372
up €29,372 (+802%), from €3,663 to €33,035
- Reserves +€57,076
up €57,076 (+11.2%), from €509,765 to €566,841
of which Distributable reserves: +€57,076
- Tax, wage and social debts +€15,675
up €15,675 (+497%), from €3,153 to €18,827
- Gross operating margin -€75,488
down €75,488 (-68.7%), from €109,831 to €34,343
- Financial income +€34,564
up €34,564 (+472%), from €7,321 to €41,885
of which Non-recurring financial income: +€36,282
- Taxes -€16,226
down €16,226 (-50.8%), from €31,932 to €15,705
- Depreciation -€2,913
down €2,913 (-70.7%), from €4,123 to €1,210
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €633,299 | €704,182 | +€70,883 | +11.2% |
| Fixed assets | 21/28 | €4,468 | €5,216 | +€748 | +16.7% |
| Tangible fixed assets | 22/27 | €2,258 | €3,006 | +€748 | +33.1% |
| Plant, machinery and equipment | 23 | - | €1,957 | +€1,957 | |
| Furniture and vehicles | 24 | €2,258 | €1,049 | -€1,209 | -53.5% |
| Financial fixed assets | 28 | €2,210 | €2,210 | = | 0.0% |
| Current assets | 29/58 | €628,831 | €698,966 | +€70,135 | +11.2% |
| Amounts receivable within one year | 40/41 | €43,565 | €13,411 | -€30,154 | -69.2% |
| Trade receivables | 40 | €34,312 | €9,293 | -€25,020 | -72.9% |
| Other amounts receivable | 41 | €9,252 | €4,118 | -€5,134 | -55.5% |
| Current investments | 50/53 | €235,037 | - | -€235,037 | |
| Cash at bank and in hand | 54/58 | €346,567 | €652,521 | +€305,954 | +88.3% |
| Deferred charges and accrued income | 490/1 | €3,663 | €33,035 | +€29,372 | +802% |
| Total equity and liabilities | 10/49 | €633,299 | €704,182 | +€70,883 | +11.2% |
| Equity | 10/15 | €619,765 | €676,841 | +€57,076 | +9.2% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €509,765 | €566,841 | +€57,076 | +11.2% |
| Tax-exempt reserves | 132 | €4,386 | €4,386 | = | 0.0% |
| Distributable reserves | 133 | €505,379 | €562,455 | +€57,076 | +11.3% |
| Amounts payable | 17/49 | €13,534 | €27,340 | +€13,807 | +102% |
| Amounts payable within one year | 42/48 | €13,534 | €24,661 | +€11,127 | +82.2% |
| Trade debts | 44 | €10,381 | €5,834 | -€4,547 | -43.8% |
| Suppliers | 440/4 | €10,381 | €5,834 | -€4,547 | -43.8% |
| Taxes, remuneration and social security | 45 | €3,153 | €18,827 | +€15,675 | +497% |
| Taxes | 450/3 | €3,153 | €18,827 | +€15,675 | +497% |
| Accrued charges and deferred income | 492/3 | - | €2,680 | +€2,680 | |
| Non-recurring operating income | 76A | €2,100 | - | -€2,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,123 | €1,210 | -€2,913 | -70.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €685 | +€685 | |
| Other operating charges | 640/8 | €1,790 | €1,202 | -€588 | -32.8% |
| Gross operating margin | 9900 | €109,831 | €34,343 | -€75,488 | -68.7% |
| Operating profit (loss) | 9901 | €103,918 | €31,246 | -€72,672 | -69.9% |
| Financial income | 75/76B | €7,321 | €41,885 | +€34,564 | +472% |
| Recurring financial income | 75 | €7,321 | €5,603 | -€1,718 | -23.5% |
| Non-recurring financial income | 76B | - | €36,282 | +€36,282 | |
| Financial charges | 65/66B | €647 | €349 | -€298 | -46.0% |
| Recurring financial charges | 65 | €647 | €349 | -€298 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | €110,592 | €72,781 | -€37,811 | -34.2% |
| Income taxes | 67/77 | €31,932 | €15,705 | -€16,226 | -50.8% |
| Profit (loss) for the period | 9904 | €78,660 | €57,076 | -€21,585 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,660 | €57,076 | -€21,585 | -27.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.