SIMAO TEIXEIRA: 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.
SIMAO TEIXEIRA
Largest movements
- Cash +€20,382
up €20,382 (+432%), from €4,719 to €25,102
mainly Net result for the year (+€49,386) and Other debts (+€35,861)
- Financial fixed assets -€15,000
no longer reported in 2025 (was €15,000)
- Tangible fixed assets +€12,925
up €12,925 (+114%), from €11,344 to €24,269
- Receivables within one year +€1,136
up €1,136 (+4.0%), from €28,676 to €29,812
of which Trade receivables: +€2,268
- Other debts +€35,861
new in 2025: €35,861
- Reserves -€25,402
no longer reported in 2025 (was €25,402)
- Profit (loss) carried forward -€20,242
no longer reported in 2025 (was €20,242)
- Debts after one year +€10,888
new in 2025: €10,888
- Tax, wage and social debts +€10,149
up €10,149 (+115%), from €8,819 to €18,968
- Gross operating margin +€17,944
up €17,944 (+32.0%), from €56,120 to €74,063
- Depreciation +€11,147
up €11,147 (+284%), from €3,928 to €15,075
- Financial income +€6,118
new in 2025: €6,118
- Taxes +€2,682
up €2,682 (+24.4%), from €11,007 to €13,690
- Financial charges +€978
up €978 (+363%), from €269 to €1,248
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 | €59,739 | €79,183 | +€19,443 | +32.5% |
| Fixed assets | 21/28 | €26,344 | €24,269 | -€2,075 | -7.9% |
| Tangible fixed assets | 22/27 | €11,344 | €24,269 | +€12,925 | +114% |
| Furniture and vehicles | 24 | €11,344 | €24,269 | +€12,925 | +114% |
| Financial fixed assets | 28 | €15,000 | - | -€15,000 | |
| Current assets | 29/58 | €33,396 | €54,914 | +€21,518 | +64.4% |
| Amounts receivable within one year | 40/41 | €28,676 | €29,812 | +€1,136 | +4.0% |
| Trade receivables | 40 | €26,234 | €28,502 | +€2,268 | +8.6% |
| Other amounts receivable | 41 | €2,442 | €1,310 | -€1,132 | -46.3% |
| Cash at bank and in hand | 54/58 | €4,719 | €25,102 | +€20,382 | +432% |
| Total equity and liabilities | 10/49 | €59,739 | €79,183 | +€19,443 | +32.5% |
| Equity | 10/15 | €50,644 | €5,000 | -€45,644 | -90.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,402 | - | -€25,402 | |
| Distributable reserves | 133 | €25,402 | - | -€25,402 | |
| Profit (loss) carried forward | 14 | €20,242 | - | -€20,242 | |
| Amounts payable | 17/49 | €9,095 | €74,183 | +€65,087 | +716% |
| Amounts payable after more than one year | 17 | - | €10,888 | +€10,888 | |
| Financial debts | 170/4 | - | €10,888 | +€10,888 | |
| Amounts payable within one year | 42/48 | €9,095 | €63,295 | +€54,199 | +596% |
| Current portion of amounts payable after more than one year | 42 | - | €8,219 | +€8,219 | |
| Trade debts | 44 | €277 | €246 | -€31 | -11.0% |
| Suppliers | 440/4 | €277 | €246 | -€31 | -11.0% |
| Taxes, remuneration and social security | 45 | €8,819 | €18,968 | +€10,149 | +115% |
| Taxes | 450/3 | €8,819 | €18,968 | +€10,149 | +115% |
| Other amounts payable | 47/48 | - | €35,861 | +€35,861 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,928 | €15,075 | +€11,147 | +284% |
| Other operating charges | 640/8 | €673 | €784 | +€111 | +16.5% |
| Gross operating margin | 9900 | €56,120 | €74,063 | +€17,944 | +32.0% |
| Operating profit (loss) | 9901 | €51,519 | €58,205 | +€6,686 | +13.0% |
| Financial income | 75/76B | - | €6,118 | +€6,118 | |
| Recurring financial income | 75 | - | €6,118 | +€6,118 | |
| Financial charges | 65/66B | €269 | €1,248 | +€978 | +363% |
| Recurring financial charges | 65 | €269 | €1,248 | +€978 | +363% |
| Profit (loss) for the period before taxes | 9903 | €51,250 | €63,075 | +€11,826 | +23.1% |
| Income taxes | 67/77 | €11,007 | €13,690 | +€2,682 | +24.4% |
| Profit (loss) for the period | 9904 | €40,242 | €49,386 | +€9,143 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,242 | €49,386 | +€9,143 | +22.7% |
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 23 October 2026 via checked.be.