SIMDA: 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.
SIMDA
Largest movements
- Cash +€204,946
up €204,946 (+40.1%), from €511,627 to €716,572
mainly Other debts (+€667,537) and Net result for the year (+€289,573)
- Deferred charges and accrued income +€40,153
up €40,153 (+25363.8%), from €158 to €40,312
- Tangible fixed assets -€11,987
down €11,987 (-46.8%), from €25,611 to €13,624
of which Plant, machinery and equipment: -€11,785
- Other debts +€667,537
up €667,537 (+32304.0%), from €2,066 to €669,603
- Profit (loss) carried forward -€455,237
no longer reported in 2025 (was €455,237)
- Tax, wage and social debts +€20,485
up €20,485 (+26.6%), from €76,987 to €97,472
of which Taxes: +€20,238
- Gross operating margin +€105,632
up €105,632 (+31.8%), from €332,501 to €438,133
- Taxes +€16,751
up €16,751 (+21.3%), from €78,487 to €95,238
- Staff costs +€10,603
up €10,603 (+38.0%), from €27,906 to €38,510
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 | €537,423 | €770,508 | +€233,085 | +43.4% |
| Fixed assets | 21/28 | €25,611 | €13,624 | -€11,987 | -46.8% |
| Tangible fixed assets | 22/27 | €25,611 | €13,624 | -€11,987 | -46.8% |
| Plant, machinery and equipment | 23 | €23,578 | €11,793 | -€11,785 | -50.0% |
| Furniture and vehicles | 24 | €2,033 | €1,830 | -€202 | -10.0% |
| Current assets | 29/58 | €511,812 | €756,884 | +€245,072 | +47.9% |
| Amounts receivable within one year | 40/41 | €27 | - | -€27 | |
| Trade receivables | 40 | €27 | - | -€27 | |
| Cash at bank and in hand | 54/58 | €511,627 | €716,572 | +€204,946 | +40.1% |
| Deferred charges and accrued income | 490/1 | €158 | €40,312 | +€40,153 | +25363.8% |
| Total equity and liabilities | 10/49 | €537,423 | €770,508 | +€233,085 | +43.4% |
| Equity | 10/15 | €457,237 | €2,000 | -€455,237 | -99.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €455,237 | - | -€455,237 | |
| Amounts payable | 17/49 | €80,186 | €768,508 | +€688,321 | +858.4% |
| Amounts payable within one year | 42/48 | €80,186 | €768,508 | +€688,321 | +858.4% |
| Trade debts | 44 | €1,133 | €1,433 | +€299 | +26.4% |
| Suppliers | 440/4 | €1,133 | €1,433 | +€299 | +26.4% |
| Taxes, remuneration and social security | 45 | €76,987 | €97,472 | +€20,485 | +26.6% |
| Taxes | 450/3 | €70,336 | €90,574 | +€20,238 | +28.8% |
| Remuneration and social security | 454/9 | €6,651 | €6,898 | +€247 | +3.7% |
| Other amounts payable | 47/48 | €2,066 | €669,603 | +€667,537 | +32304.0% |
| Remuneration, social security and pensions | 62 | €27,906 | €38,510 | +€10,603 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,965 | €13,467 | -€498 | -3.6% |
| Other operating charges | 640/8 | €650 | €1,210 | +€559 | +86.0% |
| Gross operating margin | 9900 | €332,501 | €438,133 | +€105,632 | +31.8% |
| Operating profit (loss) | 9901 | €289,980 | €384,946 | +€94,967 | +32.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €74 | €135 | +€61 | +82.2% |
| Recurring financial charges | 65 | €74 | €135 | +€61 | +82.2% |
| Profit (loss) for the period before taxes | 9903 | €289,906 | €384,811 | +€94,905 | +32.7% |
| Income taxes | 67/77 | €78,487 | €95,238 | +€16,751 | +21.3% |
| Profit (loss) for the period | 9904 | €211,419 | €289,573 | +€78,154 | +37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €211,419 | €289,573 | +€78,154 | +37.0% |
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 6 October 2026 via checked.be.