SIMANCAS: 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.
SIMANCAS
Largest movements
- Current investments +€400,000
new in 2025: €400,000
- Cash -€253,602
down €253,602 (-45.2%), from €561,112 to €307,510
mainly Current investments (-€400,000) and Contributions, distributions and other (-€103,192)
- Receivables within one year -€48,737
down €48,737 (-49.8%), from €97,901 to €49,164
- Other debts +€80,144
up €80,144 (+13,575%), from €590 to €80,734
- Reserves +€28,757
up €28,757 (+4.9%), from €583,971 to €612,728
- Tax, wage and social debts -€10,979
down €10,979 (-17.4%), from €63,099 to €52,119
- Gross operating margin -€9,761
down €9,761 (-4.8%), from €203,859 to €194,099
- Financial income +€3,400
up €3,400 (+249%), from €1,367 to €4,767
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 | €667,977 | €764,836 | +€96,859 | +14.5% |
| Fixed assets | 21/28 | €4,815 | €2,773 | -€2,042 | -42.4% |
| Tangible fixed assets | 22/27 | €4,740 | €2,699 | -€2,042 | -43.1% |
| Plant, machinery and equipment | 23 | - | €1,810 | +€1,810 | |
| Furniture and vehicles | 24 | €4,740 | €889 | -€3,851 | -81.2% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €663,162 | €762,063 | +€98,901 | +14.9% |
| Amounts receivable within one year | 40/41 | €97,901 | €49,164 | -€48,737 | -49.8% |
| Trade receivables | 40 | €97,901 | €49,164 | -€48,737 | -49.8% |
| Current investments | 50/53 | - | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €561,112 | €307,510 | -€253,602 | -45.2% |
| Deferred charges and accrued income | 490/1 | €4,149 | €5,389 | +€1,240 | +29.9% |
| Total equity and liabilities | 10/49 | €667,977 | €764,836 | +€96,859 | +14.5% |
| Equity | 10/15 | €596,371 | €625,128 | +€28,757 | +4.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €583,971 | €612,728 | +€28,757 | +4.9% |
| Distributable reserves | 133 | €583,971 | €612,728 | +€28,757 | +4.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €71,606 | €139,708 | +€68,102 | +95.1% |
| Amounts payable within one year | 42/48 | €71,606 | €139,708 | +€68,102 | +95.1% |
| Trade debts | 44 | €7,917 | €6,854 | -€1,062 | -13.4% |
| Suppliers | 440/4 | €7,917 | €6,854 | -€1,062 | -13.4% |
| Taxes, remuneration and social security | 45 | €63,099 | €52,119 | -€10,979 | -17.4% |
| Taxes | 450/3 | €63,099 | €52,119 | -€10,979 | -17.4% |
| Other amounts payable | 47/48 | €590 | €80,734 | +€80,144 | +13,575% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,042 | €2,042 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €585 | +€197 | +50.9% |
| Gross operating margin | 9900 | €203,859 | €194,099 | -€9,761 | -4.8% |
| Operating profit (loss) | 9901 | €201,430 | €191,472 | -€9,958 | -4.9% |
| Financial income | 75/76B | €1,367 | €4,767 | +€3,400 | +249% |
| Recurring financial income | 75 | €1,367 | €4,767 | +€3,400 | +249% |
| Financial charges | 65/66B | €5,301 | €4,678 | -€623 | -11.8% |
| Recurring financial charges | 65 | €5,301 | €4,678 | -€623 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €197,496 | €191,561 | -€5,935 | -3.0% |
| Income taxes | 67/77 | €61,102 | €59,612 | -€1,490 | -2.4% |
| Profit (loss) for the period | 9904 | €136,394 | €131,949 | -€4,445 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €136,394 | €131,949 | -€4,445 | -3.3% |
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 13 October 2026 via checked.be.