SIMART: 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.
SIMART
Largest movements
- Cash -€14,339
down €14,339 (-80.1%), from €17,909 to €3,570
mainly Other debts (-€14,990) and Net result for the year (-€5,791)
- Financial fixed assets -€5,000
down €5,000 (-16.7%), from €30,000 to €25,000
- Tangible fixed assets -€2,159
down €2,159 (-50.2%), from €4,299 to €2,140
- Other debts -€14,990
down €14,990 (-95.4%), from €15,711 to €721
- Profit (loss) carried forward -€5,791
down €5,791 (-36.6%), from €15,822 to €10,031
- Tax, wage and social debts -€616
no longer reported in 2025 (was €616)
- Gross operating margin -€16,580
down €16,580, from €13,392 to -€3,188
- Taxes -€1,810
no longer reported in 2025 (was €1,810)
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 | €52,663 | €31,212 | -€21,451 | -40.7% |
| Fixed assets | 21/28 | €34,299 | €27,140 | -€7,159 | -20.9% |
| Tangible fixed assets | 22/27 | €4,299 | €2,140 | -€2,159 | -50.2% |
| Furniture and vehicles | 24 | €4,299 | €2,140 | -€2,159 | -50.2% |
| Financial fixed assets | 28 | €30,000 | €25,000 | -€5,000 | -16.7% |
| Current assets | 29/58 | €18,364 | €4,072 | -€14,292 | -77.8% |
| Amounts receivable within one year | 40/41 | €455 | €502 | +€47 | +10.3% |
| Other amounts receivable | 41 | €455 | €502 | +€47 | +10.3% |
| Cash at bank and in hand | 54/58 | €17,909 | €3,570 | -€14,339 | -80.1% |
| Total equity and liabilities | 10/49 | €52,663 | €31,212 | -€21,451 | -40.7% |
| Equity | 10/15 | €36,282 | €30,491 | -€5,791 | -16.0% |
| 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 | €15,822 | €10,031 | -€5,791 | -36.6% |
| Amounts payable | 17/49 | €16,381 | €721 | -€15,660 | -95.6% |
| Amounts payable within one year | 42/48 | €16,381 | €721 | -€15,660 | -95.6% |
| Trade debts | 44 | €54 | - | -€54 | |
| Suppliers | 440/4 | €54 | - | -€54 | |
| Taxes, remuneration and social security | 45 | €616 | - | -€616 | |
| Taxes | 450/3 | €616 | - | -€616 | |
| Other amounts payable | 47/48 | €15,711 | €721 | -€14,990 | -95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,158 | €2,158 | = | 0.0% |
| Other operating charges | 640/8 | €408 | €400 | -€8 | -2.0% |
| Gross operating margin | 9900 | €13,392 | -€3,188 | -€16,580 | |
| Operating profit (loss) | 9901 | €10,826 | -€5,746 | -€16,572 | |
| Financial charges | 65/66B | €40 | €45 | +€5 | +12.5% |
| Recurring financial charges | 65 | €40 | €45 | +€5 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €10,786 | -€5,791 | -€16,577 | |
| Income taxes | 67/77 | €1,810 | - | -€1,810 | |
| Profit (loss) for the period | 9904 | €8,976 | -€5,791 | -€14,767 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,976 | -€5,791 | -€14,767 |
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 12 October 2026 via checked.be.