Simbaco: 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.
Simbaco
Largest movements
- Cash +€18,807
up €18,807 (+90.5%), from €20,773 to €39,579
mainly Net result for the year (+€37,503) and Depreciation (+€19,046)
- Tangible fixed assets -€14,277
down €14,277 (-7.3%), from €194,258 to €179,981
of which Furniture and vehicles: -€8,258
- Receivables after one year -€9,897
down €9,897 (-20.5%), from €48,208 to €38,311
- Financial fixed assets +€3,900
up €3,900 (+130.0%), from €3,000 to €6,900
- Receivables within one year +€3,003
up €3,003 (+31.9%), from €9,419 to €12,423
of which Trade receivables: +€6,726
- Reserves +€25,739
up €25,739 (+29.5%), from €87,381 to €113,120
- Debts after one year -€15,230
down €15,230 (-11.5%), from €132,802 to €117,572
- Trade debts -€12,612
down €12,612 (-87.1%), from €14,486 to €1,873
- Other debts +€11,765
new in 2025: €11,765
- Current portion of long-term debt -€7,992
down €7,992 (-22.1%), from €36,216 to €28,224
- Gross operating margin +€45,429
up €45,429 (+133.9%), from €33,929 to €79,358
- Taxes +€8,513
up €8,513 (+241.6%), from €3,524 to €12,037
- Depreciation +€4,127
up €4,127 (+27.7%), from €14,919 to €19,046
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 | €279,455 | €280,867 | +€1,413 | +0.5% |
| Fixed assets | 21/28 | €197,258 | €186,881 | -€10,377 | -5.3% |
| Tangible fixed assets | 22/27 | €194,258 | €179,981 | -€14,277 | -7.3% |
| Land and buildings | 22 | €161,329 | €154,158 | -€7,170 | -4.4% |
| Plant, machinery and equipment | 23 | €2,234 | €1,124 | -€1,110 | -49.7% |
| Furniture and vehicles | 24 | €23,340 | €15,082 | -€8,258 | -35.4% |
| Other tangible fixed assets | 26 | €7,354 | €9,617 | +€2,262 | +30.8% |
| Financial fixed assets | 28 | €3,000 | €6,900 | +€3,900 | +130.0% |
| Current assets | 29/58 | €82,197 | €93,986 | +€11,789 | +14.3% |
| Amounts receivable after more than one year | 29 | €48,208 | €38,311 | -€9,897 | -20.5% |
| Other amounts receivable | 291 | €48,208 | €38,311 | -€9,897 | -20.5% |
| Stocks and contracts in progress | 3 | €780 | €620 | -€160 | -20.5% |
| Stocks | 30/36 | €780 | €620 | -€160 | -20.5% |
| Amounts receivable within one year | 40/41 | €9,419 | €12,423 | +€3,003 | +31.9% |
| Trade receivables | 40 | - | €6,726 | +€6,726 | |
| Other amounts receivable | 41 | €9,419 | €5,697 | -€3,722 | -39.5% |
| Cash at bank and in hand | 54/58 | €20,773 | €39,579 | +€18,807 | +90.5% |
| Deferred charges and accrued income | 490/1 | €3,017 | €3,053 | +€36 | +1.2% |
| Total equity and liabilities | 10/49 | €279,455 | €280,867 | +€1,413 | +0.5% |
| Equity | 10/15 | €89,381 | €115,120 | +€25,739 | +28.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €87,381 | €113,120 | +€25,739 | +29.5% |
| Distributable reserves | 133 | €87,381 | €113,120 | +€25,739 | +29.5% |
| Amounts payable | 17/49 | €190,073 | €165,748 | -€24,326 | -12.8% |
| Amounts payable after more than one year | 17 | €132,802 | €117,572 | -€15,230 | -11.5% |
| Financial debts | 170/4 | €132,802 | €117,572 | -€15,230 | -11.5% |
| Amounts payable within one year | 42/48 | €57,021 | €48,175 | -€8,846 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €36,216 | €28,224 | -€7,992 | -22.1% |
| Trade debts | 44 | €14,486 | €1,873 | -€12,612 | -87.1% |
| Suppliers | 440/4 | €14,486 | €1,873 | -€12,612 | -87.1% |
| Advances received on contracts in progress | 46 | - | €236 | +€236 | |
| Taxes, remuneration and social security | 45 | €6,319 | €6,077 | -€242 | -3.8% |
| Taxes | 450/3 | €1,792 | €6,077 | +€4,285 | +239.1% |
| Remuneration and social security | 454/9 | €4,527 | - | -€4,527 | |
| Other amounts payable | 47/48 | - | €11,765 | +€11,765 | |
| Accrued charges and deferred income | 492/3 | €250 | - | -€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,919 | €19,046 | +€4,127 | +27.7% |
| Other operating charges | 640/8 | €3,841 | €3,615 | -€227 | -5.9% |
| Non-recurring operating charges | 66A | €267 | - | -€267 | |
| Gross operating margin | 9900 | €33,929 | €79,358 | +€45,429 | +133.9% |
| Operating profit (loss) | 9901 | €14,901 | €56,697 | +€41,796 | +280.5% |
| Financial income | 75/76B | €975 | €903 | -€73 | -7.4% |
| Recurring financial income | 75 | €975 | €903 | -€73 | -7.4% |
| Financial charges | 65/66B | €7,485 | €8,060 | +€575 | +7.7% |
| Recurring financial charges | 65 | €7,485 | €8,060 | +€575 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €8,391 | €49,540 | +€41,149 | +490.4% |
| Income taxes | 67/77 | €3,524 | €12,037 | +€8,513 | +241.6% |
| Profit (loss) for the period | 9904 | €4,868 | €37,503 | +€32,636 | +670.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,868 | €37,503 | +€32,636 | +670.4% |
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.