SIMBELGIUM: 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.
SIMBELGIUM
Largest movements
- Cash -€36,557
down €36,557 (-29.4%), from €124,162 to €87,605
mainly Trade debts (-€125,923) and Investment in fixed assets (net) (-€32,351)
- Stocks and contracts +€18,321
up €18,321 (+18.8%), from €97,329 to €115,650
- Receivables within one year -€14,309
down €14,309 (-31.3%), from €45,705 to €31,395
of which Other amounts receivable: -€23,609
- Tangible fixed assets +€5,228
up €5,228 (+6.8%), from €76,660 to €81,888
of which Other tangible fixed assets: +€2,953
- Other debts +€138,444
new in 2025: €138,444
- Trade debts -€125,923
down €125,923 (-75.6%), from €166,457 to €40,534
of which Bills of exchange payable: -€74,092
- Accrued charges and deferred income -€20,384
no longer reported in 2025 (was €20,384)
- Tax, wage and social debts -€18,864
down €18,864 (-60.7%), from €31,080 to €12,216
of which Taxes: -€16,826
- Debts after one year -€10,296
down €10,296 (-55.5%), from €18,546 to €8,250
- Turnover +€627,743
new in 2025: €627,743
- Purchases and services +€602,196
new in 2025: €602,196
- Staff costs -€10,358
down €10,358 (-29.9%), from €34,682 to €24,323
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 | €362,508 | €333,949 | -€28,559 | -7.9% |
| Fixed assets | 21/28 | €94,072 | €99,299 | +€5,228 | +5.6% |
| Tangible fixed assets | 22/27 | €76,660 | €81,888 | +€5,228 | +6.8% |
| Furniture and vehicles | 24 | €6,258 | €8,532 | +€2,274 | +36.3% |
| Other tangible fixed assets | 26 | €70,402 | €73,356 | +€2,953 | +4.2% |
| Financial fixed assets | 28 | €17,411 | €17,411 | = | 0.0% |
| Current assets | 29/58 | €268,436 | €234,650 | -€33,786 | -12.6% |
| Stocks and contracts in progress | 3 | €97,329 | €115,650 | +€18,321 | +18.8% |
| Stocks | 30/36 | €97,329 | €115,650 | +€18,321 | +18.8% |
| Amounts receivable within one year | 40/41 | €45,705 | €31,395 | -€14,309 | -31.3% |
| Trade receivables | 40 | €22,095 | €31,395 | +€9,300 | +42.1% |
| Other amounts receivable | 41 | €23,609 | - | -€23,609 | |
| Cash at bank and in hand | 54/58 | €124,162 | €87,605 | -€36,557 | -29.4% |
| Deferred charges and accrued income | 490/1 | €1,241 | - | -€1,241 | |
| Total equity and liabilities | 10/49 | €362,508 | €333,949 | -€28,559 | -7.9% |
| Equity | 10/15 | €112,852 | €115,725 | +€2,872 | +2.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,852 | €95,725 | +€2,872 | +3.1% |
| Amounts payable | 17/49 | €249,656 | €218,224 | -€31,431 | -12.6% |
| Amounts payable after more than one year | 17 | €18,546 | €8,250 | -€10,296 | -55.5% |
| Financial debts | 170/4 | €18,546 | €8,250 | -€10,296 | -55.5% |
| Amounts payable within one year | 42/48 | €210,726 | €209,975 | -€751 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €13,189 | €18,782 | +€5,593 | +42.4% |
| Trade debts | 44 | €166,457 | €40,534 | -€125,923 | -75.6% |
| Suppliers | 440/4 | €92,365 | €40,534 | -€51,831 | -56.1% |
| Bills of exchange payable | 441 | €74,092 | - | -€74,092 | |
| Taxes, remuneration and social security | 45 | €31,080 | €12,216 | -€18,864 | -60.7% |
| Taxes | 450/3 | €29,042 | €12,216 | -€16,826 | -57.9% |
| Remuneration and social security | 454/9 | €2,038 | - | -€2,038 | |
| Other amounts payable | 47/48 | - | €138,444 | +€138,444 | |
| Accrued charges and deferred income | 492/3 | €20,384 | - | -€20,384 | |
| Turnover | 70 | - | €627,743 | +€627,743 | |
| Non-recurring operating income | 76A | - | €42,252 | +€42,252 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €602,196 | +€602,196 | |
| Remuneration, social security and pensions | 62 | €34,682 | €24,323 | -€10,358 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,433 | €27,123 | +€1,690 | +6.6% |
| Other operating charges | 640/8 | €7,105 | €1,772 | -€5,334 | -75.1% |
| Gross operating margin | 9900 | €71,277 | €67,800 | -€3,477 | -4.9% |
| Operating profit (loss) | 9901 | €4,057 | €14,581 | +€10,524 | +259% |
| Financial income | 75/76B | €1,247 | €4 | -€1,243 | -99.7% |
| Recurring financial income | 75 | €1,247 | €4 | -€1,243 | -99.7% |
| Financial charges | 65/66B | €5,613 | €5,590 | -€23 | -0.4% |
| Recurring financial charges | 65 | €5,613 | €5,590 | -€23 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€310 | €8,995 | +€9,305 | |
| Income taxes | 67/77 | €873 | €6,123 | +€5,250 | +601% |
| Profit (loss) for the period | 9904 | -€1,183 | €2,872 | +€4,055 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,183 | €2,872 | +€4,055 |
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 14 October 2026 via checked.be.