SIMDECO: 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.
SIMDECO
Largest movements
- Tangible fixed assets -€44,762
down €44,762 (-6.8%), from €658,720 to €613,958
of which Other tangible fixed assets: -€49,425
- Receivables within one year +€23,759
up €23,759 (+40.1%), from €59,189 to €82,947
of which Trade receivables: +€23,477
- Cash +€21,516
up €21,516 (+36.2%), from €59,493 to €81,008
mainly Net result for the year (+€119,597) and Depreciation (+€54,090)
- Profit (loss) carried forward +€119,597
up €119,597 (+13.0%), from -€918,834 to -€799,237
- Current portion of long-term debt -€37,879
down €37,879 (-16.0%), from €237,382 to €199,504
- Advances received +€34,505
new in 2025: €34,505
- Debts after one year -€33,380
down €33,380 (-51.4%), from €64,999 to €31,619
- Trade debts -€32,914
down €32,914 (-65.8%), from €50,036 to €17,122
- Gross operating margin +€106,686
up €106,686 (+63.8%), from €167,096 to €273,783
- Staff costs -€3,976
down €3,976 (-4.0%), from €98,509 to €94,534
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 | €787,211 | €788,927 | +€1,717 | +0.2% |
| Fixed assets | 21/28 | €659,761 | €614,999 | -€44,762 | -6.8% |
| Tangible fixed assets | 22/27 | €658,720 | €613,958 | -€44,762 | -6.8% |
| Plant, machinery and equipment | 23 | €29 | - | -€29 | |
| Furniture and vehicles | 24 | €11,018 | €15,710 | +€4,692 | +42.6% |
| Other tangible fixed assets | 26 | €647,673 | €598,248 | -€49,425 | -7.6% |
| Financial fixed assets | 28 | €1,041 | €1,041 | = | 0.0% |
| Current assets | 29/58 | €127,449 | €173,928 | +€46,479 | +36.5% |
| Stocks and contracts in progress | 3 | €8,768 | €8,381 | -€387 | -4.4% |
| Stocks | 30/36 | €8,768 | €8,381 | -€387 | -4.4% |
| Amounts receivable within one year | 40/41 | €59,189 | €82,947 | +€23,759 | +40.1% |
| Trade receivables | 40 | €59,189 | €82,666 | +€23,477 | +39.7% |
| Other amounts receivable | 41 | - | €281 | +€281 | |
| Cash at bank and in hand | 54/58 | €59,493 | €81,008 | +€21,516 | +36.2% |
| Deferred charges and accrued income | 490/1 | - | €1,591 | +€1,591 | |
| Total equity and liabilities | 10/49 | €787,211 | €788,927 | +€1,717 | +0.2% |
| Equity | 10/15 | -€570,103 | -€452,274 | +€117,829 | +20.7% |
| Contributions | 10/11 | €338,592 | €338,592 | = | 0.0% |
| Reserves | 13 | €1,302 | €1,302 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,302 | €1,302 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,302 | €1,302 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€918,834 | -€799,237 | +€119,597 | +13.0% |
| Investment grants | 15 | €8,837 | €7,070 | -€1,767 | -20.0% |
| Amounts payable | 17/49 | €1,357,314 | €1,241,201 | -€116,113 | -8.6% |
| Amounts payable after more than one year | 17 | €64,999 | €31,619 | -€33,380 | -51.4% |
| Financial debts | 170/4 | €64,999 | €31,619 | -€33,380 | -51.4% |
| Amounts payable within one year | 42/48 | €1,292,314 | €1,209,582 | -€82,733 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €237,382 | €199,504 | -€37,879 | -16.0% |
| Trade debts | 44 | €50,036 | €17,122 | -€32,914 | -65.8% |
| Suppliers | 440/4 | €50,036 | €17,122 | -€32,914 | -65.8% |
| Advances received on contracts in progress | 46 | - | €34,505 | +€34,505 | |
| Taxes, remuneration and social security | 45 | €64,816 | €40,291 | -€24,525 | -37.8% |
| Taxes | 450/3 | €40,400 | €28,839 | -€11,561 | -28.6% |
| Remuneration and social security | 454/9 | €24,416 | €11,451 | -€12,965 | -53.1% |
| Other amounts payable | 47/48 | €940,080 | €918,161 | -€21,919 | -2.3% |
| Non-recurring operating income | 76A | €19,862 | €9,762 | -€10,099 | -50.8% |
| Remuneration, social security and pensions | 62 | €98,509 | €94,534 | -€3,976 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,440 | €54,090 | -€350 | -0.6% |
| Other operating charges | 640/8 | €960 | €387 | -€573 | -59.7% |
| Non-recurring operating charges | 66A | €15,161 | - | -€15,161 | |
| Gross operating margin | 9900 | €167,096 | €273,783 | +€106,686 | +63.8% |
| Operating profit (loss) | 9901 | -€1,974 | €124,771 | +€126,745 | |
| Financial income | 75/76B | €1,895 | €4,232 | +€2,337 | +123.3% |
| Recurring financial income | 75 | €1,895 | €4,232 | +€2,337 | +123.3% |
| Financial charges | 65/66B | €7,862 | €9,407 | +€1,544 | +19.6% |
| Recurring financial charges | 65 | €7,862 | €9,407 | +€1,544 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,941 | €119,597 | +€127,538 | |
| Profit (loss) for the period | 9904 | -€7,941 | €119,597 | +€127,538 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,941 | €119,597 | +€127,538 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.