SIMELCO: 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.
SIMELCO
Largest movements
- Cash +€51,603
up €51,603 (+13.9%), from €371,726 to €423,329
mainly Other debts (+€275,194) and Net result for the year (+€82,209)
- Receivables within one year +€9,820
up €9,820 (+9.8%), from €100,552 to €110,371
of which Trade receivables: +€7,394
- Reserves -€300,000
down €300,000 (-45.8%), from €654,829 to €354,829
of which Distributable reserves: -€300,000
- Other debts +€275,194
up €275,194 (+1,128%), from €24,407 to €299,601
- Profit (loss) carried forward +€82,209
new in 2025: €82,209
- Gross operating margin +€15,721
up €15,721 (+10.1%), from €154,980 to €170,700
- Taxes +€13,346
up €13,346 (+170%), from €7,840 to €21,186
- Financial charges +€4,405
up €4,405 (+29.5%), from €14,945 to €19,349
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 | €761,665 | €811,530 | +€49,865 | +6.5% |
| Fixed assets | 21/28 | €156,111 | €148,914 | -€7,197 | -4.6% |
| Tangible fixed assets | 22/27 | €156,111 | €148,914 | -€7,197 | -4.6% |
| Land and buildings | 22 | €50,729 | €48,090 | -€2,639 | -5.2% |
| Plant, machinery and equipment | 23 | €7,464 | €9,694 | +€2,229 | +29.9% |
| Furniture and vehicles | 24 | €7,777 | €6,369 | -€1,408 | -18.1% |
| Other tangible fixed assets | 26 | €90,141 | €84,762 | -€5,379 | -6.0% |
| Current assets | 29/58 | €605,554 | €662,616 | +€57,062 | +9.4% |
| Stocks and contracts in progress | 3 | €131,840 | €126,778 | -€5,062 | -3.8% |
| Stocks | 30/36 | €131,840 | €126,778 | -€5,062 | -3.8% |
| Amounts receivable within one year | 40/41 | €100,552 | €110,371 | +€9,820 | +9.8% |
| Trade receivables | 40 | €81,639 | €89,033 | +€7,394 | +9.1% |
| Other amounts receivable | 41 | €18,913 | €21,338 | +€2,426 | +12.8% |
| Cash at bank and in hand | 54/58 | €371,726 | €423,329 | +€51,603 | +13.9% |
| Deferred charges and accrued income | 490/1 | €1,436 | €2,138 | +€702 | +48.9% |
| Total equity and liabilities | 10/49 | €761,665 | €811,530 | +€49,865 | +6.5% |
| Equity | 10/15 | €673,429 | €455,638 | -€217,791 | -32.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €654,829 | €354,829 | -€300,000 | -45.8% |
| Tax-exempt reserves | 132 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €637,829 | €337,829 | -€300,000 | -47.0% |
| Profit (loss) carried forward | 14 | - | €82,209 | +€82,209 | |
| Amounts payable | 17/49 | €88,236 | €355,892 | +€267,656 | +303% |
| Amounts payable within one year | 42/48 | €88,114 | €355,806 | +€267,692 | +304% |
| Trade debts | 44 | €57,284 | €51,482 | -€5,802 | -10.1% |
| Suppliers | 440/4 | €57,284 | €51,482 | -€5,802 | -10.1% |
| Taxes, remuneration and social security | 45 | €6,423 | €4,723 | -€1,700 | -26.5% |
| Taxes | 450/3 | €4,724 | €1,523 | -€3,201 | -67.8% |
| Remuneration and social security | 454/9 | €1,699 | €3,200 | +€1,501 | +88.4% |
| Other amounts payable | 47/48 | €24,407 | €299,601 | +€275,194 | +1,128% |
| Accrued charges and deferred income | 492/3 | €121 | €86 | -€35 | -29.1% |
| Remuneration, social security and pensions | 62 | €33,734 | €32,859 | -€875 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,760 | €14,276 | -€1,484 | -9.4% |
| Other operating charges | 640/8 | €3,061 | €2,585 | -€476 | -15.6% |
| Gross operating margin | 9900 | €154,980 | €170,700 | +€15,721 | +10.1% |
| Operating profit (loss) | 9901 | €102,425 | €120,981 | +€18,556 | +18.1% |
| Financial income | 75/76B | €2,235 | €1,763 | -€472 | -21.1% |
| Recurring financial income | 75 | €2,235 | €1,763 | -€472 | -21.1% |
| Financial charges | 65/66B | €14,945 | €19,349 | +€4,405 | +29.5% |
| Recurring financial charges | 65 | €14,945 | €19,349 | +€4,405 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €89,715 | €103,395 | +€13,680 | +15.2% |
| Income taxes | 67/77 | €7,840 | €21,186 | +€13,346 | +170% |
| Profit (loss) for the period | 9904 | €81,875 | €82,209 | +€334 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €81,875 | €82,209 | +€334 | +0.4% |
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 22 October 2026 via checked.be.