SIMENAC: 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.
SIMENAC
Largest movements
- Cash -€169,963
down €169,963 (-59.3%), from €286,510 to €116,547
mainly Contributions, distributions and other (-€234,000) and Other debts (-€120,877)
- Tangible fixed assets +€13,578
up €13,578 (+203%), from €6,699 to €20,277
of which Assets under construction and advance payments: +€11,718
- Other debts -€120,877
down €120,877 (-69.8%), from €173,244 to €52,367
- Reserves -€76,636
down €76,636 (-81.0%), from €94,646 to €18,011
- Trade debts +€33,699
up €33,699 (+6,361%), from €530 to €34,229
- Tax, wage and social debts +€11,356
up €11,356 (+49.5%), from €22,949 to €34,305
- Gross operating margin -€118,071
down €118,071 (-35.1%), from €336,530 to €218,459
- Taxes -€29,884
down €29,884 (-35.8%), from €83,537 to €53,653
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 | €309,969 | €157,512 | -€152,457 | -49.2% |
| Fixed assets | 21/28 | €6,699 | €20,277 | +€13,578 | +203% |
| Tangible fixed assets | 22/27 | €6,699 | €20,277 | +€13,578 | +203% |
| Plant, machinery and equipment | 23 | €3,321 | €6,497 | +€3,176 | +95.6% |
| Furniture and vehicles | 24 | €3,378 | €2,062 | -€1,316 | -39.0% |
| Assets under construction and advance payments | 27 | - | €11,718 | +€11,718 | |
| Current assets | 29/58 | €303,270 | €137,235 | -€166,035 | -54.7% |
| Amounts receivable within one year | 40/41 | €15,729 | €18,384 | +€2,655 | +16.9% |
| Trade receivables | 40 | €1,150 | €18,253 | +€17,103 | +1,487% |
| Other amounts receivable | 41 | €14,579 | €131 | -€14,449 | -99.1% |
| Cash at bank and in hand | 54/58 | €286,510 | €116,547 | -€169,963 | -59.3% |
| Deferred charges and accrued income | 490/1 | €1,031 | €2,305 | +€1,273 | +123% |
| Total equity and liabilities | 10/49 | €309,969 | €157,512 | -€152,457 | -49.2% |
| Equity | 10/15 | €113,246 | €36,611 | -€76,636 | -67.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,646 | €18,011 | -€76,636 | -81.0% |
| Distributable reserves | 133 | €94,646 | €18,011 | -€76,636 | -81.0% |
| Amounts payable | 17/49 | €196,723 | €120,901 | -€75,821 | -38.5% |
| Amounts payable within one year | 42/48 | €196,723 | €120,901 | -€75,821 | -38.5% |
| Trade debts | 44 | €530 | €34,229 | +€33,699 | +6,361% |
| Suppliers | 440/4 | €530 | €34,229 | +€33,699 | +6,361% |
| Taxes, remuneration and social security | 45 | €22,949 | €34,305 | +€11,356 | +49.5% |
| Taxes | 450/3 | €22,949 | €34,305 | +€11,356 | +49.5% |
| Other amounts payable | 47/48 | €173,244 | €52,367 | -€120,877 | -69.8% |
| Non-recurring operating income | 76A | - | €7,250 | +€7,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,832 | €1,972 | -€2,861 | -59.2% |
| Other operating charges | 640/8 | €801 | €4,147 | +€3,346 | +418% |
| Gross operating margin | 9900 | €336,530 | €218,459 | -€118,071 | -35.1% |
| Operating profit (loss) | 9901 | €330,897 | €212,340 | -€118,557 | -35.8% |
| Financial income | 75/76B | €1,073 | €475 | -€597 | -55.7% |
| Recurring financial income | 75 | €1,073 | €475 | -€597 | -55.7% |
| Financial charges | 65/66B | €143 | €1,798 | +€1,655 | +1,157% |
| Recurring financial charges | 65 | €143 | €1,798 | +€1,655 | +1,157% |
| Profit (loss) for the period before taxes | 9903 | €331,826 | €211,018 | -€120,809 | -36.4% |
| Income taxes | 67/77 | €83,537 | €53,653 | -€29,884 | -35.8% |
| Profit (loss) for the period | 9904 | €248,289 | €157,364 | -€90,925 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €248,289 | €157,364 | -€90,925 | -36.6% |
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 17 October 2026 via checked.be.