SIMASA: 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.
SIMASA
Largest movements
- Tangible fixed assets -€8,409
down €8,409 (-24.9%), from €33,720 to €25,311
of which Plant, machinery and equipment: -€4,886
- Stocks and contracts +€2,947
up €2,947 (+15.1%), from €19,522 to €22,469
- Profit (loss) carried forward -€17,362
down €17,362 (-66.5%), from -€26,091 to -€43,453
- Trade debts +€13,241
up €13,241 (+31.0%), from €42,685 to €55,926
- Other debts -€5,159
down €5,159 (-35.1%), from €14,704 to €9,545
- Accrued charges and deferred income +€1,700
new in 2024: €1,700
- Tax, wage and social debts +€1,412
up €1,412 (+6.1%), from €23,303 to €24,716
of which Remuneration and social security: +€3,876
- Gross operating margin -€70,356
down €70,356 (-37.5%), from €187,666 to €117,310
- Staff costs -€67,076
down €67,076 (-35.3%), from €189,869 to €122,793
- Depreciation -€8,756
down €8,756 (-51.0%), from €17,165 to €8,409
- Financial charges -€3,229
down €3,229 (-54.9%), from €5,884 to €2,655
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €85,002 | €78,835 | -€6,167 | -7.3% |
| Fixed assets | 21/28 | €34,076 | €25,667 | -€8,409 | -24.7% |
| Tangible fixed assets | 22/27 | €33,720 | €25,311 | -€8,409 | -24.9% |
| Plant, machinery and equipment | 23 | €6,710 | €1,824 | -€4,886 | -72.8% |
| Furniture and vehicles | 24 | €323 | €0 | -€323 | -100.0% |
| Other tangible fixed assets | 26 | €26,687 | €23,487 | -€3,200 | -12.0% |
| Financial fixed assets | 28 | €356 | €356 | = | 0.0% |
| Current assets | 29/58 | €50,926 | €53,168 | +€2,242 | +4.4% |
| Stocks and contracts in progress | 3 | €19,522 | €22,469 | +€2,947 | +15.1% |
| Stocks | 30/36 | €19,522 | €22,469 | +€2,947 | +15.1% |
| Amounts receivable within one year | 40/41 | €4,497 | €4,126 | -€371 | -8.2% |
| Trade receivables | 40 | €4,497 | €4,126 | -€371 | -8.2% |
| Cash at bank and in hand | 54/58 | €26,381 | €25,984 | -€396 | -1.5% |
| Deferred charges and accrued income | 490/1 | €527 | €588 | +€62 | +11.7% |
| Total equity and liabilities | 10/49 | €85,002 | €78,835 | -€6,167 | -7.3% |
| Equity | 10/15 | €4,309 | -€13,053 | -€17,362 | |
| Contributions | 10/11 | €30,400 | €30,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,091 | -€43,453 | -€17,362 | -66.5% |
| Amounts payable | 17/49 | €80,692 | €91,888 | +€11,196 | +13.9% |
| Amounts payable within one year | 42/48 | €80,692 | €90,188 | +€9,496 | +11.8% |
| Financial debts | 43 | - | €1 | +€1 | |
| Credit institutions | 430/8 | - | €1 | +€1 | |
| Trade debts | 44 | €42,685 | €55,926 | +€13,241 | +31.0% |
| Suppliers | 440/4 | €42,685 | €55,926 | +€13,241 | +31.0% |
| Taxes, remuneration and social security | 45 | €23,303 | €24,716 | +€1,412 | +6.1% |
| Taxes | 450/3 | €3,253 | €789 | -€2,464 | -75.8% |
| Remuneration and social security | 454/9 | €20,050 | €23,927 | +€3,876 | +19.3% |
| Other amounts payable | 47/48 | €14,704 | €9,545 | -€5,159 | -35.1% |
| Accrued charges and deferred income | 492/3 | - | €1,700 | +€1,700 | |
| Remuneration, social security and pensions | 62 | €189,869 | €122,793 | -€67,076 | -35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,165 | €8,409 | -€8,756 | -51.0% |
| Other operating charges | 640/8 | €920 | €818 | -€102 | -11.1% |
| Gross operating margin | 9900 | €187,666 | €117,310 | -€70,356 | -37.5% |
| Operating profit (loss) | 9901 | -€20,288 | -€14,709 | +€5,578 | +27.5% |
| Financial income | 75/76B | €81 | €2 | -€79 | -97.7% |
| Recurring financial income | 75 | €81 | €2 | -€79 | -97.7% |
| Financial charges | 65/66B | €5,884 | €2,655 | -€3,229 | -54.9% |
| Recurring financial charges | 65 | €5,884 | €2,655 | -€3,229 | -54.9% |
| Profit (loss) for the period before taxes | 9903 | -€26,091 | -€17,362 | +€8,728 | +33.5% |
| Profit (loss) for the period | 9904 | -€26,091 | -€17,362 | +€8,728 | +33.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,091 | -€17,362 | +€8,728 | +33.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.