SIMBEL: 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.
SIMBEL
Largest movements
- Cash +€890,575
up €890,575 (+160.7%), from €554,325 to €1.4m
mainly Net result for the year (+€495,962) and Stocks and contracts (+€285,000)
- Stocks and contracts -€285,000
no longer reported in 2025 (was €285,000)
- Receivables within one year +€53,826
up €53,826 (+6.1%), from €881,771 to €935,597
of which Trade receivables: +€53,651
- Profit (loss) carried forward +€495,962
up €495,962 (+33.9%), from €1.5m to €2.0m
- Tax, wage and social debts +€190,120
up €190,120 (+50.3%), from €377,863 to €567,983
- Trade debts -€34,014
down €34,014 (-12.8%), from €265,033 to €231,019
- Gross operating margin -€457,017
down €457,017 (-40.2%), from €1.1m to €679,870
- Taxes -€126,339
down €126,339 (-41.1%), from €307,032 to €180,693
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 | €2,120,426 | €2,769,109 | +€648,684 | +30.6% |
| Fixed assets | 21/28 | €398,214 | €387,493 | -€10,722 | -2.7% |
| Tangible fixed assets | 22/27 | €398,214 | €387,493 | -€10,722 | -2.7% |
| Land and buildings | 22 | €398,214 | €387,493 | -€10,722 | -2.7% |
| Current assets | 29/58 | €1,722,211 | €2,381,617 | +€659,405 | +38.3% |
| Stocks and contracts in progress | 3 | €285,000 | - | -€285,000 | |
| Contracts in progress | 37 | €285,000 | - | -€285,000 | |
| Amounts receivable within one year | 40/41 | €881,771 | €935,597 | +€53,826 | +6.1% |
| Trade receivables | 40 | €881,725 | €935,376 | +€53,651 | +6.1% |
| Other amounts receivable | 41 | €46 | €221 | +€175 | +379.9% |
| Cash at bank and in hand | 54/58 | €554,325 | €1,444,901 | +€890,575 | +160.7% |
| Deferred charges and accrued income | 490/1 | €1,115 | €1,119 | +€4 | +0.4% |
| Total equity and liabilities | 10/49 | €2,120,426 | €2,769,109 | +€648,684 | +30.6% |
| Equity | 10/15 | €1,474,146 | €1,970,108 | +€495,962 | +33.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,464,146 | €1,960,108 | +€495,962 | +33.9% |
| Amounts payable | 17/49 | €646,280 | €799,001 | +€152,721 | +23.6% |
| Amounts payable within one year | 42/48 | €645,895 | €799,001 | +€153,106 | +23.7% |
| Trade debts | 44 | €265,033 | €231,019 | -€34,014 | -12.8% |
| Suppliers | 440/4 | €265,033 | €231,019 | -€34,014 | -12.8% |
| Taxes, remuneration and social security | 45 | €377,863 | €567,983 | +€190,120 | +50.3% |
| Taxes | 450/3 | €377,863 | €567,983 | +€190,120 | +50.3% |
| Other amounts payable | 47/48 | €3,000 | - | -€3,000 | |
| Accrued charges and deferred income | 492/3 | €384 | - | -€384 | |
| Remuneration, social security and pensions | 62 | €3,855 | €5,709 | +€1,855 | +48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,722 | €10,722 | = | 0.0% |
| Other operating charges | 640/8 | €3,196 | €3,969 | +€773 | +24.2% |
| Gross operating margin | 9900 | €1,136,887 | €679,870 | -€457,017 | -40.2% |
| Operating profit (loss) | 9901 | €1,119,114 | €659,470 | -€459,644 | -41.1% |
| Financial income | 75/76B | €20,041 | €19,835 | -€207 | -1.0% |
| Recurring financial income | 75 | €20,041 | €19,835 | -€207 | -1.0% |
| Financial charges | 65/66B | €4,095 | €2,650 | -€1,445 | -35.3% |
| Recurring financial charges | 65 | €4,095 | €2,650 | -€1,445 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €1,135,061 | €676,655 | -€458,406 | -40.4% |
| Income taxes | 67/77 | €307,032 | €180,693 | -€126,339 | -41.1% |
| Profit (loss) for the period | 9904 | €828,029 | €495,962 | -€332,067 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €828,029 | €495,962 | -€332,067 | -40.1% |
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 7 October 2026 via checked.be.