SimCo: what changed
SimCo
Largest movements
- Cash -€20,967
down €20,967 (-20.5%), from €102,504 to €81,537
mainly Trade debts (-€28,264) and Tax, wage and social debts (-€3,698)
- Receivables within one year -€14,830
down €14,830 (-53.0%), from €27,956 to €13,126
of which Trade receivables: -€15,230
- Tangible fixed assets -€5,518
down €5,518 (-45.6%), from €12,094 to €6,576
of which Furniture and vehicles: -€4,687
- Deferred charges and accrued income +€3,103
new in 2025: €3,103
- Trade debts -€28,264
down €28,264 (-83.5%), from €33,850 to €5,586
- Tax, wage and social debts -€3,698
down €3,698 (-13.2%), from €27,979 to €24,281
of which Taxes: -€2,762
- Advances received -€3,691
down €3,691 (-5.4%), from €68,639 to €64,948
- Accrued charges and deferred income -€1,721
down €1,721 (-79.2%), from €2,171 to €451
- Gross operating margin -€7,713
down €7,713 (-7.4%), from €104,495 to €96,781
- Staff costs -€4,443
down €4,443 (-5.0%), from €89,699 to €85,256
- Depreciation -€1,548
down €1,548 (-21.9%), from €7,066 to €5,518
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,254 | €105,041 | -€38,212 | -26.7% |
| Fixed assets | 21/28 | €12,794 | €7,276 | -€5,518 | -43.1% |
| Tangible fixed assets | 22/27 | €12,094 | €6,576 | -€5,518 | -45.6% |
| Plant, machinery and equipment | 23 | €1,994 | €1,163 | -€831 | -41.7% |
| Furniture and vehicles | 24 | €10,100 | €5,413 | -€4,687 | -46.4% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €130,460 | €97,766 | -€32,694 | -25.1% |
| Amounts receivable within one year | 40/41 | €27,956 | €13,126 | -€14,830 | -53.0% |
| Trade receivables | 40 | €22,555 | €7,326 | -€15,230 | -67.5% |
| Other amounts receivable | 41 | €5,401 | €5,800 | +€400 | +7.4% |
| Cash at bank and in hand | 54/58 | €102,504 | €81,537 | -€20,967 | -20.5% |
| Deferred charges and accrued income | 490/1 | - | €3,103 | +€3,103 | |
| Total equity and liabilities | 10/49 | €143,254 | €105,041 | -€38,212 | -26.7% |
| Equity | 10/15 | €6,178 | €6,370 | +€193 | +3.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,682 | -€5,490 | +€193 | +3.4% |
| Amounts payable | 17/49 | €137,076 | €98,671 | -€38,405 | -28.0% |
| Amounts payable after more than one year | 17 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 178/9 | €2,200 | €2,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €132,704 | €96,020 | -€36,684 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €33,850 | €5,586 | -€28,264 | -83.5% |
| Suppliers | 440/4 | €33,850 | €5,586 | -€28,264 | -83.5% |
| Advances received on contracts in progress | 46 | €68,639 | €64,948 | -€3,691 | -5.4% |
| Taxes, remuneration and social security | 45 | €27,979 | €24,281 | -€3,698 | -13.2% |
| Taxes | 450/3 | €16,140 | €13,378 | -€2,762 | -17.1% |
| Remuneration and social security | 454/9 | €11,839 | €10,903 | -€936 | -7.9% |
| Other amounts payable | 47/48 | €2,236 | €1,206 | -€1,031 | -46.1% |
| Accrued charges and deferred income | 492/3 | €2,171 | €451 | -€1,721 | -79.2% |
| Remuneration, social security and pensions | 62 | €89,699 | €85,256 | -€4,443 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,066 | €5,518 | -€1,548 | -21.9% |
| Other operating charges | 640/8 | €1,201 | €679 | -€522 | -43.5% |
| Gross operating margin | 9900 | €104,495 | €96,781 | -€7,713 | -7.4% |
| Operating profit (loss) | 9901 | €6,528 | €5,328 | -€1,200 | -18.4% |
| Financial income | 75/76B | €7 | €1 | -€6 | -89.8% |
| Recurring financial income | 75 | €7 | €1 | -€6 | -89.8% |
| Financial charges | 65/66B | €1,792 | €1,323 | -€470 | -26.2% |
| Recurring financial charges | 65 | €1,792 | €1,323 | -€470 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €4,743 | €4,006 | -€737 | -15.5% |
| Income taxes | 67/77 | €4,528 | €3,813 | -€714 | -15.8% |
| Profit (loss) for the period | 9904 | €215 | €193 | -€23 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €215 | €193 | -€23 | -10.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.