SIMBA IMMO: 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.
What changed
SIMBA IMMO
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€176,873
2024 · €168,686+€8,187
Equity
€347,255
2024 · €465,382-€118,127
Cash
€109,358
2024 · €94,380+€14,978
Balance sheet total
€1.9m
2024 · €2.1m-€136,666
Largest movements
Assets
- Current investments -€110,000
no longer reported in 2025 (was €110,000)
- Tangible fixed assets -€35,530
down €35,530 (-1.9%), from €1.9m to €1.8m
Equity and liabilities
- Debts after one year -€129,776
down €129,776 (-9.5%), from €1.4m to €1.2m
- Reserves -€104,927
down €104,927 (-24.7%), from €424,439 to €319,512
- Other debts +€80,738
up €80,738 (+104%), from €77,462 to €158,200
- Short-term financial debts +€24,000
new in 2025: €24,000
Income statement
- Gross operating margin +€12,264
up €12,264 (+3.5%), from €348,994 to €361,259
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.
Result 2024
€168,686
Gross operating margin
+€12,264
Depreciation
-€1,781
Other operating charges
-€875
Financial income
-€798
Financial charges
+€617
Taxes
-€1,240
Result 2025
€176,873
raises the resultlowers the result
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.
From operations
+€359,289
Investment
+€55,385
Financing
-€399,696
Cash 2024
€94,380
From operations (derived)
+€359,289
Net result for the year
+€176,873
Depreciation
+€89,356
Receivables within one year
+€6,902
Trade debts
-€9,188
Tax, wage and social debts
+€1,670
Advances received
+€13,055
Other debts
+€80,738
Accrued charges and deferred income
-€117
Investment (derived)
+€55,385
Investment in fixed assets (net)
-€54,615
Current investments
+€110,000
Financing
-€399,696
Debts after one year
-€129,776
Current portion of long-term debt
+€1,080
Short-term financial debts
+€24,000
Contributions, distributions and other
-€295,000
Cash 2025
€109,358
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,078,514 | €1,941,848 | -€136,666 | -6.6% |
| Fixed assets | 21/28 | €1,852,721 | €1,817,979 | -€34,741 | -1.9% |
| Tangible fixed assets | 22/27 | €1,852,721 | €1,817,191 | -€35,530 | -1.9% |
| Land and buildings | 22 | €1,852,721 | €1,817,191 | -€35,530 | -1.9% |
| Financial fixed assets | 28 | - | €789 | +€789 | |
| Current assets | 29/58 | €225,793 | €123,869 | -€101,924 | -45.1% |
| Amounts receivable within one year | 40/41 | €21,413 | €14,511 | -€6,902 | -32.2% |
| Trade receivables | 40 | €18,511 | €11,524 | -€6,988 | -37.7% |
| Other amounts receivable | 41 | €2,902 | €2,987 | +€85 | +2.9% |
| Current investments | 50/53 | €110,000 | - | -€110,000 | |
| Cash at bank and in hand | 54/58 | €94,380 | €109,358 | +€14,978 | +15.9% |
| Total equity and liabilities | 10/49 | €2,078,514 | €1,941,848 | -€136,666 | -6.6% |
| Equity | 10/15 | €465,382 | €347,255 | -€118,127 | -25.4% |
| Contributions | 10/11 | €40,943 | €27,743 | -€13,200 | -32.2% |
| Reserves | 13 | €424,439 | €319,512 | -€104,927 | -24.7% |
| Distributable reserves | 133 | €424,439 | €319,512 | -€104,927 | -24.7% |
| Amounts payable | 17/49 | €1,613,132 | €1,594,593 | -€18,538 | -1.1% |
| Amounts payable after more than one year | 17 | €1,362,202 | €1,232,427 | -€129,776 | -9.5% |
| Financial debts | 170/4 | €1,362,202 | €1,232,427 | -€129,776 | -9.5% |
| Amounts payable within one year | 42/48 | €249,463 | €360,818 | +€111,355 | +44.6% |
| Current portion of amounts payable after more than one year | 42 | €128,696 | €129,776 | +€1,080 | +0.8% |
| Financial debts | 43 | - | €24,000 | +€24,000 | |
| Other loans | 439 | - | €24,000 | +€24,000 | |
| Trade debts | 44 | €20,693 | €11,505 | -€9,188 | -44.4% |
| Suppliers | 440/4 | €20,693 | €11,505 | -€9,188 | -44.4% |
| Advances received on contracts in progress | 46 | - | €13,055 | +€13,055 | |
| Taxes, remuneration and social security | 45 | €22,612 | €24,282 | +€1,670 | +7.4% |
| Taxes | 450/3 | €22,612 | €24,282 | +€1,670 | +7.4% |
| Other amounts payable | 47/48 | €77,462 | €158,200 | +€80,738 | +104% |
| Accrued charges and deferred income | 492/3 | €1,466 | €1,349 | -€117 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,576 | €89,356 | +€1,781 | +2.0% |
| Other operating charges | 640/8 | €20,161 | €21,037 | +€875 | +4.3% |
| Gross operating margin | 9900 | €348,994 | €361,259 | +€12,264 | +3.5% |
| Operating profit (loss) | 9901 | €241,257 | €250,865 | +€9,608 | +4.0% |
| Financial income | 75/76B | €1,889 | €1,091 | -€798 | -42.2% |
| Recurring financial income | 75 | €1,889 | €1,091 | -€798 | -42.2% |
| Financial charges | 65/66B | €18,373 | €17,756 | -€617 | -3.4% |
| Recurring financial charges | 65 | €18,373 | €17,756 | -€617 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €224,773 | €234,200 | +€9,427 | +4.2% |
| Income taxes | 67/77 | €56,088 | €57,328 | +€1,240 | +2.2% |
| Profit (loss) for the period | 9904 | €168,686 | €176,873 | +€8,187 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €168,686 | €176,873 | +€8,187 | +4.9% |
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 27 October 2026 via checked.be.