SIMAR GROND: 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 GROND
Largest movements
- Current investments +€250,000
up €250,000 (+50.0%), from €500,000 to €750,000
- Stocks and contracts -€102,500
down €102,500 (-16.5%), from €621,500 to €519,000
- Cash +€43,182
up €43,182 (+18.7%), from €230,798 to €273,979
mainly Stocks and contracts (+€102,500) and Advances received (+€100,000)
- Advances received +€100,000
new in 2025: €100,000
- Reserves +€90,988
up €90,988 (+7.0%), from €1.3m to €1.4m
- Gross operating margin -€211,895
down €211,895 (-61.9%), from €342,474 to €130,579
- Taxes -€64,985
down €64,985 (-60.5%), from €107,446 to €42,461
- Financial charges -€14,523
down €14,523 (-99.3%), from €14,628 to €104
- Financial income -€6,917
down €6,917 (-62.3%), from €11,097 to €4,180
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 | €1,352,883 | €1,542,979 | +€190,096 | +14.1% |
| Current assets | 29/58 | €1,352,883 | €1,542,979 | +€190,096 | +14.1% |
| Stocks and contracts in progress | 3 | €621,500 | €519,000 | -€102,500 | -16.5% |
| Stocks | 30/36 | €621,500 | €519,000 | -€102,500 | -16.5% |
| Amounts receivable within one year | 40/41 | €586 | €0 | -€586 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €586 | €0 | -€586 | -100.0% |
| Current investments | 50/53 | €500,000 | €750,000 | +€250,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €230,798 | €273,979 | +€43,182 | +18.7% |
| Total equity and liabilities | 10/49 | €1,352,883 | €1,542,979 | +€190,096 | +14.1% |
| Equity | 10/15 | €1,336,507 | €1,427,495 | +€90,988 | +6.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €1,306,507 | €1,397,495 | +€90,988 | +7.0% |
| Distributable reserves | 133 | €1,306,507 | €1,397,495 | +€90,988 | +7.0% |
| Amounts payable | 17/49 | €16,377 | €115,485 | +€99,108 | +605.2% |
| Amounts payable within one year | 42/48 | €16,377 | €115,485 | +€99,108 | +605.2% |
| Trade debts | 44 | €755 | €0 | -€755 | -100.0% |
| Suppliers | 440/4 | €755 | €0 | -€755 | -100.0% |
| Advances received on contracts in progress | 46 | - | €100,000 | +€100,000 | |
| Taxes, remuneration and social security | 45 | €4,472 | €5,324 | +€852 | +19.1% |
| Taxes | 450/3 | €4,472 | €5,324 | +€852 | +19.1% |
| Other amounts payable | 47/48 | €11,150 | €10,161 | -€989 | -8.9% |
| Other operating charges | 640/8 | €1,256 | €1,206 | -€50 | -3.9% |
| Gross operating margin | 9900 | €342,474 | €130,579 | -€211,895 | -61.9% |
| Operating profit (loss) | 9901 | €341,218 | €129,373 | -€211,845 | -62.1% |
| Financial income | 75/76B | €11,097 | €4,180 | -€6,917 | -62.3% |
| Recurring financial income | 75 | €11,097 | €4,180 | -€6,917 | -62.3% |
| Financial charges | 65/66B | €14,628 | €104 | -€14,523 | -99.3% |
| Recurring financial charges | 65 | €14,628 | €104 | -€14,523 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | €337,688 | €133,449 | -€204,239 | -60.5% |
| Income taxes | 67/77 | €107,446 | €42,461 | -€64,985 | -60.5% |
| Profit (loss) for the period | 9904 | €230,242 | €90,988 | -€139,254 | -60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €230,242 | €90,988 | -€139,254 | -60.5% |
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 11 October 2026 via checked.be.