SIMANAG-PEC: 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.
SIMANAG-PEC
Largest movements
- Receivables within one year +€41,303
up €41,303 (+246.7%), from €16,741 to €58,044
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€4,500
up €4,500 (+20.0%), from €22,538 to €27,037
- Gross operating margin -€2,171
down €2,171 (-13.7%), from -€15,899 to -€18,070
- Financial charges +€676
up €676, from -€637 to €39
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 | €2,942,096 | €2,948,043 | +€5,947 | +0.2% |
| Fixed assets | 21/28 | €2,776,600 | €2,749,100 | -€27,500 | -1.0% |
| Financial fixed assets | 28 | €2,776,600 | €2,749,100 | -€27,500 | -1.0% |
| Current assets | 29/58 | €165,496 | €198,943 | +€33,447 | +20.2% |
| Amounts receivable within one year | 40/41 | €16,741 | €58,044 | +€41,303 | +246.7% |
| Other amounts receivable | 41 | €16,741 | €58,044 | +€41,303 | +246.7% |
| Current investments | 50/53 | €102,915 | €103,854 | +€939 | +0.9% |
| Cash at bank and in hand | 54/58 | €45,162 | €36,237 | -€8,925 | -19.8% |
| Deferred charges and accrued income | 490/1 | €679 | €808 | +€129 | +19.0% |
| Total equity and liabilities | 10/49 | €2,942,096 | €2,948,043 | +€5,947 | +0.2% |
| Equity | 10/15 | €1,218,507 | €1,225,703 | +€7,196 | +0.6% |
| Contributions | 10/11 | €44,454 | €44,454 | = | 0.0% |
| Reserves | 13 | €1,170,371 | €1,177,567 | +€7,196 | +0.6% |
| Non-distributable reserves | 130/1 | €37,344 | €37,344 | = | 0.0% |
| Reserves not available under the articles | 1311 | €37,344 | €37,344 | = | 0.0% |
| Distributable reserves | 133 | €1,133,027 | €1,140,223 | +€7,196 | +0.6% |
| Profit (loss) carried forward | 14 | €3,682 | €3,682 | = | 0.0% |
| Amounts payable | 17/49 | €1,723,589 | €1,722,340 | -€1,249 | -0.1% |
| Amounts payable after more than one year | 17 | €1,099,998 | €1,099,998 | = | 0.0% |
| Other amounts payable | 178/9 | €1,099,998 | €1,099,998 | = | 0.0% |
| Amounts payable within one year | 42/48 | €623,591 | €622,342 | -€1,249 | -0.2% |
| Trade debts | 44 | €550 | €655 | +€105 | +19.1% |
| Suppliers | 440/4 | €550 | €655 | +€105 | +19.1% |
| Taxes, remuneration and social security | 45 | €573 | €1,220 | +€646 | +112.7% |
| Taxes | 450/3 | €573 | €1,220 | +€646 | +112.7% |
| Other amounts payable | 47/48 | €622,468 | €620,468 | -€2,000 | -0.3% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€15,899 | -€18,070 | -€2,171 | -13.7% |
| Operating profit (loss) | 9901 | -€16,867 | -€19,068 | -€2,202 | -13.1% |
| Financial income | 75/76B | €22,538 | €27,037 | +€4,500 | +20.0% |
| Recurring financial income | 75 | €22,538 | €27,037 | +€4,500 | +20.0% |
| Financial charges | 65/66B | -€637 | €39 | +€676 | |
| Recurring financial charges | 65 | -€637 | €39 | +€676 | |
| Profit (loss) for the period before taxes | 9903 | €6,308 | €7,930 | +€1,622 | +25.7% |
| Income taxes | 67/77 | €573 | €734 | +€160 | +28.0% |
| Profit (loss) for the period | 9904 | €5,735 | €7,196 | +€1,461 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,735 | €7,196 | +€1,461 | +25.5% |
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 29 September 2026 via checked.be.