SIMEDIC: 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.
SIMEDIC
Largest movements
- Tangible fixed assets +€96,975
up €96,975 (+644.4%), from €15,049 to €112,025
of which Furniture and vehicles: +€97,834
- Receivables within one year +€49,714
up €49,714 (+26.5%), from €187,495 to €237,209
of which Other amounts receivable: +€44,905
- Financial fixed assets +€45,050
up €45,050 (+443.6%), from €10,155 to €55,205
- Cash -€41,009
down €41,009 (-100.0%), from €41,010 to €0
mainly Investment in fixed assets (net) (-€167,196) and Contributions, distributions and other (-€93,000)
- Provisions +€113,446
new in 2024: €113,446
- Debts after one year +€69,151
up €69,151 (+524.5%), from €13,184 to €82,335
- Tax, wage and social debts -€38,581
down €38,581 (-69.2%), from €55,767 to €17,187
- Other debts -€31,620
down €31,620 (-25.4%), from €124,620 to €93,000
- Reserves +€27,950
up €27,950 (+286.7%), from €9,749 to €37,699
- Provisions +€113,446
new in 2024: €113,446
- Gross operating margin +€66,424
up €66,424 (+33.3%), from €199,481 to €265,905
- Financial income +€62,336
up €62,336 (+1266.9%), from €4,920 to €67,256
- Depreciation +€18,797
up €18,797 (+294.9%), from €6,373 to €25,170
- Taxes +€6,246
up €6,246 (+11.2%), from €55,941 to €62,187
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €270,138 | €425,086 | +€154,948 | +57.4% |
| Fixed assets | 21/28 | €25,204 | €167,230 | +€142,025 | +563.5% |
| Tangible fixed assets | 22/27 | €15,049 | €112,025 | +€96,975 | +644.4% |
| Furniture and vehicles | 24 | €12,712 | €110,545 | +€97,834 | +769.6% |
| Other tangible fixed assets | 26 | €2,338 | €1,479 | -€858 | -36.7% |
| Financial fixed assets | 28 | €10,155 | €55,205 | +€45,050 | +443.6% |
| Current assets | 29/58 | €244,934 | €257,856 | +€12,922 | +5.3% |
| Amounts receivable within one year | 40/41 | €187,495 | €237,209 | +€49,714 | +26.5% |
| Trade receivables | 40 | €81,452 | €86,260 | +€4,808 | +5.9% |
| Other amounts receivable | 41 | €106,044 | €150,949 | +€44,905 | +42.3% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €41,010 | €0 | -€41,009 | -100.0% |
| Deferred charges and accrued income | 490/1 | €6,429 | €10,647 | +€4,218 | +65.6% |
| Total equity and liabilities | 10/49 | €270,138 | €425,086 | +€154,948 | +57.4% |
| Equity | 10/15 | €22,868 | €50,828 | +€27,960 | +122.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €9,749 | €37,699 | +€27,950 | +286.7% |
| Distributable reserves | 133 | €9,749 | €37,699 | +€27,950 | +286.7% |
| Profit (loss) carried forward | 14 | €718 | €728 | +€10 | +1.4% |
| Provisions and deferred taxes | 16 | - | €113,446 | +€113,446 | |
| Provisions for liabilities and charges | 160/5 | - | €113,446 | +€113,446 | |
| Other liabilities and charges | 164/5 | - | €113,446 | +€113,446 | |
| Amounts payable | 17/49 | €247,271 | €260,812 | +€13,542 | +5.5% |
| Amounts payable after more than one year | 17 | €13,184 | €82,335 | +€69,151 | +524.5% |
| Financial debts | 170/4 | €13,184 | €82,335 | +€69,151 | +524.5% |
| Amounts payable within one year | 42/48 | €233,994 | €178,153 | -€55,842 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €49,625 | €63,542 | +€13,917 | +28.0% |
| Financial debts | 43 | - | €1,057 | +€1,057 | |
| Credit institutions | 430/8 | - | €1,057 | +€1,057 | |
| Trade debts | 44 | €3,982 | €3,367 | -€615 | -15.4% |
| Suppliers | 440/4 | €3,982 | €3,367 | -€615 | -15.4% |
| Taxes, remuneration and social security | 45 | €55,767 | €17,187 | -€38,581 | -69.2% |
| Taxes | 450/3 | €55,767 | €17,187 | -€38,581 | -69.2% |
| Other amounts payable | 47/48 | €124,620 | €93,000 | -€31,620 | -25.4% |
| Accrued charges and deferred income | 492/3 | €93 | €325 | +€233 | +250.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,373 | €25,170 | +€18,797 | +294.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €113,446 | +€113,446 | |
| Other operating charges | 640/8 | €4,574 | €6,557 | +€1,982 | +43.3% |
| Gross operating margin | 9900 | €199,481 | €265,905 | +€66,424 | +33.3% |
| Operating profit (loss) | 9901 | €188,533 | €120,732 | -€67,801 | -36.0% |
| Financial income | 75/76B | €4,920 | €67,256 | +€62,336 | +1266.9% |
| Recurring financial income | 75 | €4,920 | €67,256 | +€62,336 | +1266.9% |
| Financial charges | 65/66B | €3,604 | €4,842 | +€1,238 | +34.4% |
| Recurring financial charges | 65 | €3,604 | €4,842 | +€1,238 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €189,850 | €183,147 | -€6,703 | -3.5% |
| Income taxes | 67/77 | €55,941 | €62,187 | +€6,246 | +11.2% |
| Profit (loss) for the period | 9904 | €133,909 | €120,960 | -€12,949 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €133,909 | €120,960 | -€12,949 | -9.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.