SIMAPI: 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.
SIMAPI
Largest movements
- Receivables within one year -€45,794
down €45,794 (-95.4%), from €48,000 to €2,206
of which Trade receivables: -€48,000
- Tangible fixed assets -€14,402
down €14,402 (-6.1%), from €235,674 to €221,272
of which Land and buildings: -€12,593
- Other debts -€30,500
no longer reported in 2025 (was €30,500)
- Debts after one year -€16,949
down €16,949 (-8.0%), from €212,937 to €195,988
- Profit (loss) carried forward -€6,992
down €6,992 (-19.7%), from -€35,524 to -€42,516
- Trade debts -€3,967
down €3,967 (-9.3%), from €42,539 to €38,572
- Gross operating margin +€6,602
up €6,602 (+51.5%), from €12,814 to €19,416
- Financial charges +€3,585
up €3,585 (+42.8%), from €8,371 to €11,956
- Depreciation -€3,535
down €3,535 (-19.7%), from €17,937 to €14,402
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 | €288,296 | €229,655 | -€58,640 | -20.3% |
| Fixed assets | 21/28 | €239,024 | €224,622 | -€14,402 | -6.0% |
| Tangible fixed assets | 22/27 | €235,674 | €221,272 | -€14,402 | -6.1% |
| Land and buildings | 22 | €226,670 | €214,078 | -€12,593 | -5.6% |
| Plant, machinery and equipment | 23 | €147 | - | -€147 | |
| Furniture and vehicles | 24 | €1,143 | €903 | -€241 | -21.1% |
| Other tangible fixed assets | 26 | €7,713 | €6,292 | -€1,421 | -18.4% |
| Financial fixed assets | 28 | €3,350 | €3,350 | = | 0.0% |
| Current assets | 29/58 | €49,271 | €5,033 | -€44,238 | -89.8% |
| Amounts receivable within one year | 40/41 | €48,000 | €2,206 | -€45,794 | -95.4% |
| Trade receivables | 40 | €48,000 | - | -€48,000 | |
| Other amounts receivable | 41 | - | €2,206 | +€2,206 | |
| Cash at bank and in hand | 54/58 | €1,271 | €2,827 | +€1,556 | +122.4% |
| Total equity and liabilities | 10/49 | €288,296 | €229,655 | -€58,640 | -20.3% |
| Equity | 10/15 | -€15,064 | -€22,056 | -€6,992 | -46.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,524 | -€42,516 | -€6,992 | -19.7% |
| Amounts payable | 17/49 | €303,359 | €251,711 | -€51,648 | -17.0% |
| Amounts payable after more than one year | 17 | €212,937 | €195,988 | -€16,949 | -8.0% |
| Financial debts | 170/4 | €212,937 | €195,988 | -€16,949 | -8.0% |
| Amounts payable within one year | 42/48 | €90,422 | €55,723 | -€34,699 | -38.4% |
| Current portion of amounts payable after more than one year | 42 | €16,488 | €16,949 | +€461 | +2.8% |
| Trade debts | 44 | €42,539 | €38,572 | -€3,967 | -9.3% |
| Suppliers | 440/4 | €42,539 | €38,572 | -€3,967 | -9.3% |
| Taxes, remuneration and social security | 45 | €895 | €202 | -€693 | -77.5% |
| Taxes | 450/3 | €895 | €202 | -€693 | -77.5% |
| Other amounts payable | 47/48 | €30,500 | - | -€30,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,937 | €14,402 | -€3,535 | -19.7% |
| Other operating charges | 640/8 | €15 | €50 | +€35 | +237.4% |
| Gross operating margin | 9900 | €12,814 | €19,416 | +€6,602 | +51.5% |
| Operating profit (loss) | 9901 | -€5,138 | €4,964 | +€10,102 | |
| Financial charges | 65/66B | €8,371 | €11,956 | +€3,585 | +42.8% |
| Recurring financial charges | 65 | €8,371 | €11,956 | +€3,585 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,508 | -€6,992 | +€6,517 | +48.2% |
| Profit (loss) for the period | 9904 | -€13,508 | -€6,992 | +€6,517 | +48.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,508 | -€6,992 | +€6,517 | +48.2% |
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 2 October 2026 via checked.be.