Simar Belgium: 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.
Simar Belgium
Largest movements
- Cash +€78,236
up €78,236 (+241%), from €32,509 to €110,746
mainly Net result for the year (+€76,850) and Receivables within one year (+€1,632)
- Receivables within one year -€1,632
down €1,632 (-7.0%), from €23,281 to €21,649
of which Trade receivables: -€3,708
- Profit (loss) carried forward +€76,850
up €76,850 (+456%), from €16,844 to €93,694
- Staff costs -€52,636
down €52,636 (-42.8%), from €122,994 to €70,358
- Taxes +€16,660
up €16,660 (+175%), from €9,508 to €26,168
- Gross operating margin +€14,720
up €14,720 (+9.1%), from €161,968 to €176,687
- Other operating charges -€4,815
down €4,815 (-80.8%), from €5,958 to €1,143
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 | €56,216 | €133,383 | +€77,167 | +137% |
| Fixed assets | 21/28 | €315 | €0 | -€315 | -100% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €315 | €0 | -€315 | -100% |
| Current assets | 29/58 | €55,900 | €133,383 | +€77,482 | +139% |
| Amounts receivable within one year | 40/41 | €23,281 | €21,649 | -€1,632 | -7.0% |
| Trade receivables | 40 | €15,658 | €11,951 | -€3,708 | -23.7% |
| Other amounts receivable | 41 | €7,623 | €9,698 | +€2,076 | +27.2% |
| Cash at bank and in hand | 54/58 | €32,509 | €110,746 | +€78,236 | +241% |
| Deferred charges and accrued income | 490/1 | €110 | €988 | +€878 | +798% |
| Total equity and liabilities | 10/49 | €56,216 | €133,383 | +€77,167 | +137% |
| Equity | 10/15 | €37,404 | €114,254 | +€76,850 | +205% |
| Contributions | 10/11 | €18,700 | €18,700 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,844 | €93,694 | +€76,850 | +456% |
| Amounts payable | 17/49 | €18,812 | €19,129 | +€318 | +1.7% |
| Amounts payable within one year | 42/48 | €18,812 | €19,129 | +€318 | +1.7% |
| Trade debts | 44 | €1,409 | €2,607 | +€1,199 | +85.1% |
| Suppliers | 440/4 | €1,409 | €2,607 | +€1,199 | +85.1% |
| Taxes, remuneration and social security | 45 | €17,403 | €16,522 | -€881 | -5.1% |
| Taxes | 450/3 | €6,548 | €7,013 | +€465 | +7.1% |
| Remuneration and social security | 454/9 | €10,855 | €9,509 | -€1,346 | -12.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €122,994 | €70,358 | -€52,636 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €399 | €0 | -€399 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €753 | €0 | -€753 | -100% |
| Other operating charges | 640/8 | €5,958 | €1,143 | -€4,815 | -80.8% |
| Gross operating margin | 9900 | €161,968 | €176,687 | +€14,720 | +9.1% |
| Operating profit (loss) | 9901 | €31,864 | €105,186 | +€73,322 | +230% |
| Financial income | 75/76B | €593 | €47 | -€546 | -92.1% |
| Recurring financial income | 75 | €593 | €47 | -€546 | -92.1% |
| Financial charges | 65/66B | €940 | €2,216 | +€1,276 | +136% |
| Recurring financial charges | 65 | €940 | €2,216 | +€1,276 | +136% |
| Profit (loss) for the period before taxes | 9903 | €31,517 | €103,018 | +€71,500 | +227% |
| Income taxes | 67/77 | €9,508 | €26,168 | +€16,660 | +175% |
| Profit (loss) for the period | 9904 | €22,009 | €76,850 | +€54,841 | +249% |
| Profit (loss) for the period to be appropriated | 9905 | €22,009 | €76,850 | +€54,841 | +249% |
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 18 October 2026 via checked.be.