SIMENO: 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.
SIMENO
Largest movements
- Cash -€324,411
down €324,411 (-75.2%), from €431,406 to €106,995
mainly Other debts (-€172,030) and Trade debts (-€159,396)
- Stocks and contracts -€114,730
down €114,730 (-79.3%), from €144,730 to €30,000
- Tangible fixed assets -€12,977
down €12,977 (-66.2%), from €19,598 to €6,621
of which Furniture and vehicles: -€12,285
- Receivables within one year +€9,307
up €9,307 (+33.9%), from €27,450 to €36,757
of which Trade receivables: +€7,952
- Other debts -€172,030
down €172,030 (-85.2%), from €202,030 to €30,000
- Trade debts -€159,396
down €159,396 (-86.1%), from €185,083 to €25,687
- Tax, wage and social debts -€89,734
down €89,734 (-87.4%), from €102,728 to €12,995
of which Remuneration and social security: -€88,791
- Accrued charges and deferred income -€27,080
down €27,080 (-48.0%), from €56,427 to €29,347
- Turnover -€6.0m
no longer reported in 2025 (was €6.0m)
- Purchases and services -€5.0m
no longer reported in 2025 (was €5.0m)
- Gross operating margin -€659,960
down €659,960 (-65.7%), from €1.0m to €344,479
- Staff costs -€404,382
down €404,382 (-57.1%), from €708,575 to €304,193
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 | €646,760 | €202,281 | -€444,478 | -68.7% |
| Fixed assets | 21/28 | €19,598 | €6,621 | -€12,977 | -66.2% |
| Tangible fixed assets | 22/27 | €19,598 | €6,621 | -€12,977 | -66.2% |
| Plant, machinery and equipment | 23 | €5,441 | €555 | -€4,886 | -89.8% |
| Furniture and vehicles | 24 | €14,157 | €1,872 | -€12,285 | -86.8% |
| Other tangible fixed assets | 26 | - | €4,194 | +€4,194 | |
| Current assets | 29/58 | €627,162 | €195,661 | -€431,501 | -68.8% |
| Stocks and contracts in progress | 3 | €144,730 | €30,000 | -€114,730 | -79.3% |
| Stocks | 30/36 | €144,730 | €30,000 | -€114,730 | -79.3% |
| Amounts receivable within one year | 40/41 | €27,450 | €36,757 | +€9,307 | +33.9% |
| Trade receivables | 40 | €12,087 | €20,039 | +€7,952 | +65.8% |
| Other amounts receivable | 41 | €15,363 | €16,718 | +€1,354 | +8.8% |
| Current investments | 50/53 | €2,000 | €0 | -€2,000 | -100% |
| Cash at bank and in hand | 54/58 | €431,406 | €106,995 | -€324,411 | -75.2% |
| Deferred charges and accrued income | 490/1 | €21,576 | €21,908 | +€333 | +1.5% |
| Total equity and liabilities | 10/49 | €646,760 | €202,281 | -€444,478 | -68.7% |
| Equity | 10/15 | €100,491 | €103,914 | +€3,423 | +3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €94,291 | €97,714 | +€3,423 | +3.6% |
| Distributable reserves | 133 | €94,291 | €97,714 | +€3,423 | +3.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €546,268 | €98,367 | -€447,901 | -82.0% |
| Amounts payable within one year | 42/48 | €489,841 | €69,020 | -€420,822 | -85.9% |
| Trade debts | 44 | €185,083 | €25,687 | -€159,396 | -86.1% |
| Suppliers | 440/4 | €185,083 | €25,687 | -€159,396 | -86.1% |
| Advances received on contracts in progress | 46 | - | €338 | +€338 | |
| Taxes, remuneration and social security | 45 | €102,728 | €12,995 | -€89,734 | -87.4% |
| Taxes | 450/3 | €3,597 | €2,654 | -€943 | -26.2% |
| Remuneration and social security | 454/9 | €99,132 | €10,341 | -€88,791 | -89.6% |
| Other amounts payable | 47/48 | €202,030 | €30,000 | -€172,030 | -85.2% |
| Accrued charges and deferred income | 492/3 | €56,427 | €29,347 | -€27,080 | -48.0% |
| Turnover | 70 | €5,975,638 | - | -€6.0m | |
| Goods, raw materials, services and sundry goods | 60/61 | €5,031,939 | - | -€5.0m | |
| Remuneration, social security and pensions | 62 | €708,575 | €304,193 | -€404,382 | -57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,602 | €4,440 | -€3,163 | -41.6% |
| Other operating charges | 640/8 | €5,925 | €1,845 | -€4,080 | -68.9% |
| Non-recurring operating charges | 66A | €506 | €0 | -€506 | -100% |
| Gross operating margin | 9900 | €1,004,438 | €344,479 | -€659,960 | -65.7% |
| Operating profit (loss) | 9901 | €281,830 | €34,001 | -€247,829 | -87.9% |
| Financial income | 75/76B | €4,913 | €361 | -€4,553 | -92.7% |
| Recurring financial income | 75 | €4,913 | €361 | -€4,553 | -92.7% |
| Financial charges | 65/66B | €1,108 | €8,187 | +€7,080 | +639% |
| Recurring financial charges | 65 | €1,108 | €8,187 | +€7,080 | +639% |
| Profit (loss) for the period before taxes | 9903 | €285,636 | €26,174 | -€259,461 | -90.8% |
| Income taxes | 67/77 | €266 | €2,751 | +€2,485 | +933% |
| Profit (loss) for the period | 9904 | €285,369 | €23,423 | -€261,946 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €285,369 | €23,423 | -€261,946 | -91.8% |
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 18 October 2026 via checked.be.