Simba: 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.
Simba
Largest movements
- Cash +€1.8m
up €1.8m (+147%), from €1.2m to €3.0m
mainly Net result for the year (+€1.2m) and Trade debts (+€636,992)
- Receivables within one year +€301,529
up €301,529 (+67.8%), from €444,434 to €745,963
of which Other amounts receivable: +€165,782
- Intangible fixed assets -€170,000
down €170,000 (-11.0%), from €1.5m to €1.4m
- Tangible fixed assets -€122,851
down €122,851 (-11.1%), from €1.1m to €981,556
of which Plant, machinery and equipment: -€144,488
- Stocks and contracts -€121,569
down €121,569 (-11.2%), from €1.1m to €965,155
- Reserves +€1.2m
up €1.2m (+16,435%), from €7,075 to €1.2m
of which Distributable reserves: +€615,432
- Trade debts +€636,992
up €636,992 (+30.2%), from €2.1m to €2.7m
- Debts after one year -€252,447
down €252,447 (-18.1%), from €1.4m to €1.1m
- Gross operating margin +€1.6m
up €1.6m (+50.1%), from €3.3m to €4.9m
- Taxes +€374,869
up €374,869 (+2,629%), from €14,261 to €389,130
- Staff costs +€182,066
up €182,066 (+6.7%), from €2.7m to €2.9m
- Other operating charges -€109,881
down €109,881 (-63.5%), from €173,155 to €63,274
- Depreciation +€61,481
up €61,481 (+19.8%), from €310,944 to €372,425
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 | €5,467,912 | €7,120,526 | +€1.7m | +30.2% |
| Formation expenses | 20 | €35,475 | €26,905 | -€8,570 | -24.2% |
| Fixed assets | 21/28 | €2,648,573 | €2,355,722 | -€292,851 | -11.1% |
| Intangible fixed assets | 21 | €1,544,167 | €1,374,167 | -€170,000 | -11.0% |
| Tangible fixed assets | 22/27 | €1,104,406 | €981,556 | -€122,851 | -11.1% |
| Plant, machinery and equipment | 23 | €1,104,406 | €959,918 | -€144,488 | -13.1% |
| Other tangible fixed assets | 26 | - | €21,637 | +€21,637 | |
| Current assets | 29/58 | €2,783,864 | €4,737,899 | +€2.0m | +70.2% |
| Stocks and contracts in progress | 3 | €1,086,724 | €965,155 | -€121,569 | -11.2% |
| Stocks | 30/36 | €1,086,724 | €965,155 | -€121,569 | -11.2% |
| Amounts receivable within one year | 40/41 | €444,434 | €745,963 | +€301,529 | +67.8% |
| Trade receivables | 40 | €356,602 | €492,349 | +€135,747 | +38.1% |
| Other amounts receivable | 41 | €87,831 | €253,614 | +€165,782 | +189% |
| Cash at bank and in hand | 54/58 | €1,219,785 | €3,017,649 | +€1.8m | +147% |
| Deferred charges and accrued income | 490/1 | €32,921 | €9,131 | -€23,790 | -72.3% |
| Total equity and liabilities | 10/49 | €5,467,912 | €7,120,526 | +€1.7m | +30.2% |
| Equity | 10/15 | €932,075 | €2,094,806 | +€1.2m | +125% |
| Contributions | 10/11 | €925,000 | €925,000 | = | 0.0% |
| Reserves | 13 | €7,075 | €1,169,806 | +€1.2m | +16,435% |
| Tax-exempt reserves | 132 | - | €547,300 | +€547,300 | |
| Distributable reserves | 133 | €7,075 | €622,506 | +€615,432 | +8,699% |
| Amounts payable | 17/49 | €4,535,837 | €5,025,720 | +€489,883 | +10.8% |
| Amounts payable after more than one year | 17 | €1,393,106 | €1,140,659 | -€252,447 | -18.1% |
| Financial debts | 170/4 | €1,393,106 | €1,140,659 | -€252,447 | -18.1% |
| Amounts payable within one year | 42/48 | €3,130,287 | €3,846,717 | +€716,430 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €262,480 | €273,038 | +€10,558 | +4.0% |
| Trade debts | 44 | €2,107,854 | €2,744,846 | +€636,992 | +30.2% |
| Suppliers | 440/4 | €2,107,854 | €2,744,846 | +€636,992 | +30.2% |
| Taxes, remuneration and social security | 45 | €759,953 | €828,833 | +€68,880 | +9.1% |
| Taxes | 450/3 | €32,767 | €63,443 | +€30,676 | +93.6% |
| Remuneration and social security | 454/9 | €727,186 | €765,390 | +€38,204 | +5.3% |
| Accrued charges and deferred income | 492/3 | €12,444 | €38,344 | +€25,899 | +208% |
| Remuneration, social security and pensions | 62 | €2,719,298 | €2,901,364 | +€182,066 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €310,944 | €372,425 | +€61,481 | +19.8% |
| Other operating charges | 640/8 | €173,155 | €63,274 | -€109,881 | -63.5% |
| Gross operating margin | 9900 | €3,294,185 | €4,943,325 | +€1.6m | +50.1% |
| Operating profit (loss) | 9901 | €90,787 | €1,606,261 | +€1.5m | +1,669% |
| Financial income | 75/76B | - | €9,772 | +€9,772 | |
| Recurring financial income | 75 | - | €9,772 | +€9,772 | |
| Financial charges | 65/66B | €69,452 | €64,172 | -€5,280 | -7.6% |
| Recurring financial charges | 65 | €69,452 | €64,172 | -€5,280 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €21,336 | €1,551,861 | +€1.5m | +7,174% |
| Income taxes | 67/77 | €14,261 | €389,130 | +€374,869 | +2,629% |
| Profit (loss) for the period | 9904 | €7,075 | €1,162,732 | +€1.2m | +16,335% |
| Transfer to tax-exempt reserves | 689 | - | €547,300 | +€547,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,075 | €615,432 | +€608,357 | +8,599% |
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 17 October 2026 via checked.be.