SIMARI: 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.
SIMARI
Largest movements
- Stocks and contracts +€10,468
up €10,468 (+3.3%), from €314,866 to €325,333
- Receivables within one year -€4,416
down €4,416 (-90.8%), from €4,863 to €447
of which Trade receivables: -€2,545
- Other debts +€16,000
up €16,000 (+27.2%), from €58,865 to €74,865
- Profit (loss) carried forward -€5,896
down €5,896 (-47.4%), from -€12,435 to -€18,331
- Trade debts -€3,348
down €3,348 (-96.0%), from €3,488 to €140
- Gross operating margin -€571
down €571 (-11.9%), from -€4,811 to -€5,383
- Financial charges -€70
down €70 (-38.0%), from €184 to €114
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 | €320,378 | €327,134 | +€6,756 | +2.1% |
| Current assets | 29/58 | €320,378 | €327,134 | +€6,756 | +2.1% |
| Stocks and contracts in progress | 3 | €314,866 | €325,333 | +€10,468 | +3.3% |
| Stocks | 30/36 | €314,866 | €325,333 | +€10,468 | +3.3% |
| Amounts receivable within one year | 40/41 | €4,863 | €447 | -€4,416 | -90.8% |
| Trade receivables | 40 | €2,845 | €300 | -€2,545 | -89.5% |
| Other amounts receivable | 41 | €2,018 | €147 | -€1,871 | -92.7% |
| Cash at bank and in hand | 54/58 | €474 | €1,057 | +€583 | +123% |
| Deferred charges and accrued income | 490/1 | €175 | €297 | +€122 | +69.7% |
| Total equity and liabilities | 10/49 | €320,378 | €327,134 | +€6,756 | +2.1% |
| Equity | 10/15 | €8,025 | €2,129 | -€5,896 | -73.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,435 | -€18,331 | -€5,896 | -47.4% |
| Amounts payable | 17/49 | €312,353 | €325,005 | +€12,652 | +4.1% |
| Amounts payable after more than one year | 17 | €250,000 | €250,000 | = | 0.0% |
| Financial debts | 170/4 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €62,353 | €75,005 | +€12,652 | +20.3% |
| Trade debts | 44 | €3,488 | €140 | -€3,348 | -96.0% |
| Suppliers | 440/4 | €3,488 | €140 | -€3,348 | -96.0% |
| Other amounts payable | 47/48 | €58,865 | €74,865 | +€16,000 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€4,811 | -€5,383 | -€571 | -11.9% |
| Operating profit (loss) | 9901 | -€5,199 | -€5,782 | -€584 | -11.2% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €184 | €114 | -€70 | -38.0% |
| Recurring financial charges | 65 | €184 | €114 | -€70 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,383 | -€5,896 | -€513 | -9.5% |
| Profit (loss) for the period | 9904 | -€5,383 | -€5,896 | -€513 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,383 | -€5,896 | -€513 | -9.5% |
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 24 October 2026 via checked.be.