SIMAS: 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.
SIMAS
Largest movements
- Cash +€121,341
up €121,341 (+63.5%), from €191,100 to €312,441
mainly Net result for the year (+€92,389) and Tax, wage and social debts (+€55,783)
- Tangible fixed assets -€16,624
down €16,624 (-16.5%), from €100,903 to €84,278
- Reserves +€92,389
up €92,389 (+80.7%), from €114,447 to €206,836
- Tax, wage and social debts +€55,783
up €55,783 (+99.9%), from €55,823 to €111,606
of which Taxes: +€36,362
- Trade debts -€18,665
down €18,665 (-69.4%), from €26,913 to €8,248
- Debts after one year -€18,254
down €18,254 (-23.9%), from €76,262 to €58,008
- Other debts -€4,726
down €4,726 (-19.4%), from €24,313 to €19,586
- Depreciation +€21,445
up €21,445 (+2970.6%), from €722 to €22,167
- Taxes -€8,610
down €8,610 (-24.6%), from €35,000 to €26,390
- Gross operating margin -€8,452
down €8,452 (-5.5%), from €152,389 to €143,937
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 | €315,496 | €422,538 | +€107,042 | +33.9% |
| Fixed assets | 21/28 | €100,903 | €84,278 | -€16,624 | -16.5% |
| Tangible fixed assets | 22/27 | €100,903 | €84,278 | -€16,624 | -16.5% |
| Furniture and vehicles | 24 | €100,903 | €84,278 | -€16,624 | -16.5% |
| Current assets | 29/58 | €214,593 | €338,260 | +€123,667 | +57.6% |
| Amounts receivable within one year | 40/41 | €19,259 | €21,035 | +€1,776 | +9.2% |
| Trade receivables | 40 | €19,259 | €21,035 | +€1,776 | +9.2% |
| Cash at bank and in hand | 54/58 | €191,100 | €312,441 | +€121,341 | +63.5% |
| Deferred charges and accrued income | 490/1 | €4,234 | €4,783 | +€549 | +13.0% |
| Total equity and liabilities | 10/49 | €315,496 | €422,538 | +€107,042 | +33.9% |
| Equity | 10/15 | €114,447 | €206,836 | +€92,389 | +80.7% |
| Reserves | 13 | €114,447 | €206,836 | +€92,389 | +80.7% |
| Distributable reserves | 133 | €114,447 | €206,836 | +€92,389 | +80.7% |
| Amounts payable | 17/49 | €201,049 | €215,703 | +€14,653 | +7.3% |
| Amounts payable after more than one year | 17 | €76,262 | €58,008 | -€18,254 | -23.9% |
| Financial debts | 170/4 | €76,262 | €58,008 | -€18,254 | -23.9% |
| Amounts payable within one year | 42/48 | €124,788 | €157,695 | +€32,907 | +26.4% |
| Current portion of amounts payable after more than one year | 42 | €17,738 | €18,254 | +€516 | +2.9% |
| Trade debts | 44 | €26,913 | €8,248 | -€18,665 | -69.4% |
| Suppliers | 440/4 | €26,913 | €8,248 | -€18,665 | -69.4% |
| Taxes, remuneration and social security | 45 | €55,823 | €111,606 | +€55,783 | +99.9% |
| Taxes | 450/3 | €37,829 | €74,191 | +€36,362 | +96.1% |
| Remuneration and social security | 454/9 | €17,994 | €37,415 | +€19,421 | +107.9% |
| Other amounts payable | 47/48 | €24,313 | €19,586 | -€4,726 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €722 | €22,167 | +€21,445 | +2970.6% |
| Other operating charges | 640/8 | €606 | €572 | -€33 | -5.5% |
| Gross operating margin | 9900 | €152,389 | €143,937 | -€8,452 | -5.5% |
| Operating profit (loss) | 9901 | €151,061 | €121,197 | -€29,864 | -19.8% |
| Financial income | 75/76B | - | €367 | +€367 | |
| Recurring financial income | 75 | - | €367 | +€367 | |
| Financial charges | 65/66B | €1,615 | €2,786 | +€1,171 | +72.5% |
| Recurring financial charges | 65 | €1,615 | €2,786 | +€1,171 | +72.5% |
| Profit (loss) for the period before taxes | 9903 | €149,447 | €118,779 | -€30,668 | -20.5% |
| Income taxes | 67/77 | €35,000 | €26,390 | -€8,610 | -24.6% |
| Profit (loss) for the period | 9904 | €114,447 | €92,389 | -€22,057 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €114,447 | €92,389 | -€22,057 | -19.3% |
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 8 October 2026 via checked.be.