SIMAHOLD: 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.
SIMAHOLD
Largest movements
- Receivables within one year +€15,773
up €15,773 (+22.1%), from €71,533 to €87,307
of which Other amounts receivable: +€27,873
- Reserves +€12,200
up €12,200 (+10.9%), from €111,459 to €123,659
of which Distributable reserves: +€12,200
- Other debts +€8,489
up €8,489 (+3.4%), from €248,535 to €257,025
- Depreciation -€46,228
down €46,228 (-98.2%), from €47,078 to €850
- Gross operating margin -€4,643
down €4,643 (-17.0%), from €27,314 to €22,671
- Financial income +€1,229
up €1,229 (+38.2%), from €3,220 to €4,449
- Taxes +€1,194
up €1,194 (+290%), from €412 to €1,606
- Financial charges -€532
down €532 (-4.5%), from €11,748 to €11,216
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 | €634,649 | €653,552 | +€18,904 | +3.0% |
| Fixed assets | 21/28 | €497,730 | €498,536 | +€807 | +0.2% |
| Tangible fixed assets | 22/27 | €347,930 | €348,736 | +€807 | +0.2% |
| Land and buildings | 22 | €347,930 | €347,399 | -€531 | -0.2% |
| Furniture and vehicles | 24 | - | €1,337 | +€1,337 | |
| Financial fixed assets | 28 | €149,800 | €149,800 | = | 0.0% |
| Current assets | 29/58 | €136,919 | €155,016 | +€18,097 | +13.2% |
| Amounts receivable after more than one year | 29 | €37,500 | €37,500 | = | 0.0% |
| Other amounts receivable | 291 | €37,500 | €37,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €71,533 | €87,307 | +€15,773 | +22.1% |
| Trade receivables | 40 | €24,200 | €12,100 | -€12,100 | -50.0% |
| Other amounts receivable | 41 | €47,333 | €75,207 | +€27,873 | +58.9% |
| Cash at bank and in hand | 54/58 | €18,970 | €18,173 | -€797 | -4.2% |
| Deferred charges and accrued income | 490/1 | €8,915 | €12,036 | +€3,121 | +35.0% |
| Total equity and liabilities | 10/49 | €634,649 | €653,552 | +€18,904 | +3.0% |
| Equity | 10/15 | €274,859 | €287,059 | +€12,200 | +4.4% |
| Contributions | 10/11 | €163,400 | €163,400 | = | 0.0% |
| Reserves | 13 | €111,459 | €123,659 | +€12,200 | +10.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €40,911 | €40,911 | = | 0.0% |
| Distributable reserves | 133 | €70,548 | €82,748 | +€12,200 | +17.3% |
| Provisions and deferred taxes | 16 | €92,877 | €92,877 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €82,649 | €82,649 | = | 0.0% |
| Pensions and similar obligations | 160 | €82,649 | €82,649 | = | 0.0% |
| Deferred taxes | 168 | €10,228 | €10,228 | = | 0.0% |
| Amounts payable | 17/49 | €266,913 | €273,616 | +€6,704 | +2.5% |
| Amounts payable within one year | 42/48 | €263,413 | €270,116 | +€6,704 | +2.5% |
| Trade debts | 44 | €4,115 | €4,616 | +€501 | +12.2% |
| Suppliers | 440/4 | €4,115 | €4,616 | +€501 | +12.2% |
| Taxes, remuneration and social security | 45 | €10,762 | €8,476 | -€2,286 | -21.2% |
| Taxes | 450/3 | €8,262 | €5,976 | -€2,286 | -27.7% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €248,535 | €257,025 | +€8,489 | +3.4% |
| Accrued charges and deferred income | 492/3 | €3,500 | €3,500 | = | 0.0% |
| Non-recurring operating income | 76A | €2,907 | €0 | -€2,907 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,078 | €850 | -€46,228 | -98.2% |
| Other operating charges | 640/8 | €1,354 | €1,248 | -€106 | -7.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €27,314 | €22,671 | -€4,643 | -17.0% |
| Operating profit (loss) | 9901 | -€21,118 | €20,573 | +€41,691 | |
| Financial income | 75/76B | €3,220 | €4,449 | +€1,229 | +38.2% |
| Recurring financial income | 75 | €3,220 | €4,449 | +€1,229 | +38.2% |
| Financial charges | 65/66B | €11,748 | €11,216 | -€532 | -4.5% |
| Recurring financial charges | 65 | €11,748 | €11,216 | -€532 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€29,646 | €13,806 | +€43,452 | |
| Income taxes | 67/77 | €412 | €1,606 | +€1,194 | +290% |
| Profit (loss) for the period | 9904 | -€30,057 | €12,200 | +€42,258 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,057 | €12,200 | +€42,258 |
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 30 October 2026 via checked.be.