SIMEDO: 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.
SIMEDO
Largest movements
- Tangible fixed assets -€11,934
down €11,934 (-27.8%), from €42,989 to €31,055
of which Furniture and vehicles: -€6,910
- Cash +€8,807
up €8,807 (+27.2%), from €32,342 to €41,149
mainly Depreciation (+€12,982) and Tax, wage and social debts (+€7,536)
- Receivables within one year -€7,409
down €7,409 (-57.5%), from €12,887 to €5,478
of which Trade receivables: -€10,036
- Receivables after one year -€2,175
down €2,175 (-14.3%), from €15,226 to €13,051
of which Trade receivables: -€15,226
- Stocks and contracts -€1,803
down €1,803 (-34.1%), from €5,290 to €3,487
- Trade debts -€12,101
down €12,101 (-80.5%), from €15,028 to €2,927
- Debts after one year -€10,373
down €10,373 (-45.9%), from €22,604 to €12,231
- Tax, wage and social debts +€7,536
up €7,536 (+106.6%), from €7,070 to €14,605
of which Remuneration and social security: +€5,173
- Profit (loss) carried forward +€5,963
up €5,963 (+15.5%), from €38,582 to €44,544
- Current portion of long-term debt -€5,472
down €5,472 (-33.1%), from €16,537 to €11,066
- Gross operating margin +€48,587
up €48,587 (+64.4%), from €75,501 to €124,088
- Staff costs +€41,217
up €41,217 (+75.8%), from €54,407 to €95,624
- Taxes +€2,926
new in 2025: €2,926
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 | €109,821 | €95,374 | -€14,447 | -13.2% |
| Fixed assets | 21/28 | €42,989 | €31,055 | -€11,934 | -27.8% |
| Tangible fixed assets | 22/27 | €42,989 | €31,055 | -€11,934 | -27.8% |
| Plant, machinery and equipment | 23 | €21,107 | €16,083 | -€5,024 | -23.8% |
| Furniture and vehicles | 24 | €21,882 | €14,972 | -€6,910 | -31.6% |
| Current assets | 29/58 | €66,831 | €64,319 | -€2,513 | -3.8% |
| Amounts receivable after more than one year | 29 | €15,226 | €13,051 | -€2,175 | -14.3% |
| Trade receivables | 290 | €15,226 | - | -€15,226 | |
| Other amounts receivable | 291 | - | €13,051 | +€13,051 | |
| Stocks and contracts in progress | 3 | €5,290 | €3,487 | -€1,803 | -34.1% |
| Stocks | 30/36 | €5,290 | €3,487 | -€1,803 | -34.1% |
| Amounts receivable within one year | 40/41 | €12,887 | €5,478 | -€7,409 | -57.5% |
| Trade receivables | 40 | €10,036 | €0 | -€10,036 | -100.0% |
| Other amounts receivable | 41 | €2,851 | €5,478 | +€2,627 | +92.2% |
| Cash at bank and in hand | 54/58 | €32,342 | €41,149 | +€8,807 | +27.2% |
| Deferred charges and accrued income | 490/1 | €1,086 | €1,154 | +€68 | +6.2% |
| Total equity and liabilities | 10/49 | €109,821 | €95,374 | -€14,447 | -13.2% |
| Equity | 10/15 | €48,582 | €54,544 | +€5,963 | +12.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,582 | €44,544 | +€5,963 | +15.5% |
| Amounts payable | 17/49 | €61,239 | €40,829 | -€20,410 | -33.3% |
| Amounts payable after more than one year | 17 | €22,604 | €12,231 | -€10,373 | -45.9% |
| Financial debts | 170/4 | €22,604 | €12,231 | -€10,373 | -45.9% |
| Amounts payable within one year | 42/48 | €38,635 | €28,598 | -€10,037 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €16,537 | €11,066 | -€5,472 | -33.1% |
| Trade debts | 44 | €15,028 | €2,927 | -€12,101 | -80.5% |
| Suppliers | 440/4 | €15,028 | €2,927 | -€12,101 | -80.5% |
| Taxes, remuneration and social security | 45 | €7,070 | €14,605 | +€7,536 | +106.6% |
| Taxes | 450/3 | €2,305 | €4,668 | +€2,362 | +102.5% |
| Remuneration and social security | 454/9 | €4,764 | €9,938 | +€5,173 | +108.6% |
| Remuneration, social security and pensions | 62 | €54,407 | €95,624 | +€41,217 | +75.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,226 | €12,982 | -€244 | -1.8% |
| Other operating charges | 640/8 | €2,245 | €2,940 | +€695 | +30.9% |
| Non-recurring operating charges | 66A | €432 | €0 | -€432 | -100.0% |
| Gross operating margin | 9900 | €75,501 | €124,088 | +€48,587 | +64.4% |
| Operating profit (loss) | 9901 | €5,191 | €12,543 | +€7,352 | +141.6% |
| Financial income | 75/76B | €1,509 | €2,419 | +€911 | +60.4% |
| Recurring financial income | 75 | €20 | €2,419 | +€2,400 | +12236.6% |
| Non-recurring financial income | 76B | €1,489 | €0 | -€1,489 | -100.0% |
| Financial charges | 65/66B | €6,402 | €6,074 | -€328 | -5.1% |
| Recurring financial charges | 65 | €6,402 | €6,074 | -€328 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €298 | €8,888 | +€8,591 | +2886.9% |
| Income taxes | 67/77 | - | €2,926 | +€2,926 | |
| Profit (loss) for the period | 9904 | €298 | €5,963 | +€5,665 | +1903.7% |
| Profit (loss) for the period to be appropriated | 9905 | €298 | €5,963 | +€5,665 | +1903.7% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.