SIMCO INVEST: 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.
SIMCO INVEST
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€118,200
up €118,200 (+26.9%), from €438,896 to €557,096
- Debts after one year -€57,983
down €57,983 (-13.5%), from €430,815 to €372,832
- Profit (loss) carried forward -€28,109
down €28,109 (-3.2%), from €879,613 to €851,504
- Current portion of long-term debt -€26,687
down €26,687 (-31.5%), from €84,670 to €57,983
- Financial charges -€694,003
down €694,003 (-96.7%), from €717,539 to €23,536
- Gross operating margin -€52,788
down €52,788 (-24.4%), from €216,452 to €163,664
- Taxes -€8,881
down €8,881, from €4,815 to -€4,066
- Staff costs +€5,011
up €5,011 (+3.9%), from €127,422 to €132,433
- Other operating charges +€4,504
up €4,504 (+236%), from €1,912 to €6,416
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 | €2,188,084 | €2,215,504 | +€27,419 | +1.3% |
| Fixed assets | 21/28 | €1,846,764 | €1,846,761 | -€3 | 0.0% |
| Tangible fixed assets | 22/27 | €882 | €554 | -€328 | -37.2% |
| Plant, machinery and equipment | 23 | €882 | €554 | -€328 | -37.2% |
| Financial fixed assets | 28 | €1,845,882 | €1,846,207 | +€325 | 0.0% |
| Current assets | 29/58 | €341,321 | €368,743 | +€27,423 | +8.0% |
| Amounts receivable within one year | 40/41 | €127,448 | €142,163 | +€14,715 | +11.5% |
| Trade receivables | 40 | €88,000 | €106,480 | +€18,480 | +21.0% |
| Other amounts receivable | 41 | €39,448 | €35,683 | -€3,765 | -9.5% |
| Cash at bank and in hand | 54/58 | €212,032 | €208,861 | -€3,171 | -1.5% |
| Deferred charges and accrued income | 490/1 | €1,840 | €17,719 | +€15,879 | +863% |
| Total equity and liabilities | 10/49 | €2,188,084 | €2,215,504 | +€27,419 | +1.3% |
| Equity | 10/15 | €1,173,893 | €1,145,784 | -€28,109 | -2.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €194,280 | €194,280 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €75,780 | - | -€75,780 | |
| Distributable reserves | 133 | €108,500 | €184,280 | +€75,780 | +69.8% |
| Profit (loss) carried forward | 14 | €879,613 | €851,504 | -€28,109 | -3.2% |
| Amounts payable | 17/49 | €1,014,191 | €1,069,719 | +€55,528 | +5.5% |
| Amounts payable after more than one year | 17 | €430,815 | €372,832 | -€57,983 | -13.5% |
| Financial debts | 170/4 | €430,815 | €372,832 | -€57,983 | -13.5% |
| Amounts payable within one year | 42/48 | €569,461 | €684,479 | +€115,018 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €84,670 | €57,983 | -€26,687 | -31.5% |
| Trade debts | 44 | €1,795 | €5,409 | +€3,614 | +201% |
| Suppliers | 440/4 | €1,795 | €5,409 | +€3,614 | +201% |
| Taxes, remuneration and social security | 45 | €44,101 | €63,991 | +€19,891 | +45.1% |
| Taxes | 450/3 | €15,840 | €34,836 | +€18,996 | +120% |
| Remuneration and social security | 454/9 | €28,261 | €29,155 | +€895 | +3.2% |
| Other amounts payable | 47/48 | €438,896 | €557,096 | +€118,200 | +26.9% |
| Accrued charges and deferred income | 492/3 | €13,915 | €12,408 | -€1,507 | -10.8% |
| Remuneration, social security and pensions | 62 | €127,422 | €132,433 | +€5,011 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €328 | €328 | = | 0.0% |
| Other operating charges | 640/8 | €1,912 | €6,416 | +€4,504 | +236% |
| Gross operating margin | 9900 | €216,452 | €163,664 | -€52,788 | -24.4% |
| Operating profit (loss) | 9901 | €86,790 | €24,487 | -€62,302 | -71.8% |
| Financial income | 75/76B | €548 | €1,873 | +€1,326 | +242% |
| Recurring financial income | 75 | €548 | €1,873 | +€1,326 | +242% |
| Financial charges | 65/66B | €717,539 | €23,536 | -€694,003 | -96.7% |
| Recurring financial charges | 65 | €717,539 | €23,536 | -€694,003 | -96.7% |
| Profit (loss) for the period before taxes | 9903 | -€630,202 | €2,825 | +€633,027 | |
| Income taxes | 67/77 | €4,815 | -€4,066 | -€8,881 | |
| Profit (loss) for the period | 9904 | -€635,017 | €6,891 | +€641,908 | |
| Transfer from tax-exempt reserves | 789 | - | €75,780 | +€75,780 | |
| Profit (loss) for the period to be appropriated | 9905 | -€635,017 | €82,671 | +€717,688 |
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 29 October 2026 via checked.be.