SIMCOSER: 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.
SIMCOSER
Largest movements
- Financial fixed assets +€64,949
up €64,949 (+42.5%), from €152,777 to €217,726
- Cash -€47,504
down €47,504 (-45.1%), from €105,240 to €57,735
mainly Investment in fixed assets (net) (-€65,601) and Contributions, distributions and other (-€45,000)
- Current investments +€24,450
new in 2025: €24,450
- Tangible fixed assets -€6,881
down €6,881 (-53.0%), from €12,992 to €6,111
- Reserves +€21,456
up €21,456 (+21.7%), from €98,671 to €120,127
- Other debts +€11,295
up €11,295 (+19.5%), from €58,035 to €69,330
- Gross operating margin +€13,278
up €13,278 (+14.0%), from €94,624 to €107,902
- Taxes +€5,840
up €5,840 (+26.4%), from €22,153 to €27,993
- Financial income +€1,561
up €1,561, from €0 to €1,561
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 | €273,953 | €308,903 | +€34,950 | +12.8% |
| Fixed assets | 21/28 | €165,768 | €223,837 | +€58,068 | +35.0% |
| Tangible fixed assets | 22/27 | €12,992 | €6,111 | -€6,881 | -53.0% |
| Furniture and vehicles | 24 | €12,992 | €6,111 | -€6,881 | -53.0% |
| Financial fixed assets | 28 | €152,777 | €217,726 | +€64,949 | +42.5% |
| Current assets | 29/58 | €108,185 | €85,066 | -€23,119 | -21.4% |
| Current investments | 50/53 | - | €24,450 | +€24,450 | |
| Cash at bank and in hand | 54/58 | €105,240 | €57,735 | -€47,504 | -45.1% |
| Deferred charges and accrued income | 490/1 | €2,945 | €2,881 | -€64 | -2.2% |
| Total equity and liabilities | 10/49 | €273,953 | €308,903 | +€34,950 | +12.8% |
| Equity | 10/15 | €106,171 | €127,627 | +€21,456 | +20.2% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €98,671 | €120,127 | +€21,456 | +21.7% |
| Distributable reserves | 133 | €98,671 | €120,127 | +€21,456 | +21.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €167,783 | €181,276 | +€13,493 | +8.0% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €67,783 | €81,276 | +€13,493 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €791 | €710 | -€81 | -10.3% |
| Suppliers | 440/4 | €791 | €710 | -€81 | -10.3% |
| Taxes, remuneration and social security | 45 | €8,957 | €11,236 | +€2,280 | +25.5% |
| Taxes | 450/3 | €8,957 | €11,236 | +€2,280 | +25.5% |
| Other amounts payable | 47/48 | €58,035 | €69,330 | +€11,295 | +19.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,473 | €7,533 | +€60 | +0.8% |
| Other operating charges | 640/8 | €1,093 | €1,123 | +€30 | +2.7% |
| Gross operating margin | 9900 | €94,624 | €107,902 | +€13,278 | +14.0% |
| Operating profit (loss) | 9901 | €86,058 | €99,246 | +€13,189 | +15.3% |
| Financial income | 75/76B | €0 | €1,561 | +€1,561 | |
| Recurring financial income | 75 | €0 | €1,561 | +€1,561 | |
| Financial charges | 65/66B | €5,870 | €6,358 | +€488 | +8.3% |
| Recurring financial charges | 65 | €5,870 | €6,358 | +€488 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €80,188 | €94,449 | +€14,261 | +17.8% |
| Income taxes | 67/77 | €22,153 | €27,993 | +€5,840 | +26.4% |
| Profit (loss) for the period | 9904 | €58,035 | €66,456 | +€8,421 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,035 | €66,456 | +€8,421 | +14.5% |
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 25 October 2026 via checked.be.