SIMENON: 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.
SIMENON
Largest movements
- Tangible fixed assets +€521,764
up €521,764 (+52.5%), from €993,764 to €1.5m
of which Land and buildings: +€527,000
- Cash -€80,050
down €80,050 (-100%), from €80,050 to €0
mainly Investment in fixed assets (net) (-€902,320) and Net result for the year (-€226,666)
- Deferred charges and accrued income -€27,021
down €27,021 (-79.8%), from €33,857 to €6,836
- Debts after one year +€248,567
up €248,567 (+27.6%), from €901,576 to €1.2m
- Profit (loss) carried forward -€226,666
down €226,666, from €3,647 to -€223,019
- Other debts +€211,513
up €211,513 (+502%), from €42,129 to €253,643
- Tax, wage and social debts +€125,100
up €125,100 (+617%), from €20,288 to €145,388
of which Remuneration and social security: +€112,024
- Short-term financial debts +€75,024
up €75,024 (+59.4%), from €126,230 to €201,254
of which Other loans: +€75,000
- Gross operating margin -€123,576
down €123,576 (-14.8%), from €835,020 to €711,444
- Staff costs +€72,281
up €72,281 (+19.8%), from €365,739 to €438,020
- Financial charges +€38,551
up €38,551 (+66.6%), from €57,919 to €96,470
- Depreciation +€12,421
up €12,421 (+3.4%), from €368,135 to €380,555
- Other operating charges +€11,784
up €11,784 (+80.4%), from €14,650 to €26,433
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.
Derived cash bridge
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 | €1,861,293 | €2,280,958 | +€419,665 | +22.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €993,899 | €1,515,663 | +€521,764 | +52.5% |
| Tangible fixed assets | 22/27 | €993,764 | €1,515,528 | +€521,764 | +52.5% |
| Land and buildings | 22 | - | €527,000 | +€527,000 | |
| Plant, machinery and equipment | 23 | €49,071 | €58,315 | +€9,244 | +18.8% |
| Furniture and vehicles | 24 | €22,805 | €15,938 | -€6,868 | -30.1% |
| Leasing and similar rights | 25 | €921,888 | €914,275 | -€7,612 | -0.8% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €867,394 | €765,295 | -€102,099 | -11.8% |
| Stocks and contracts in progress | 3 | €2,223 | €2,223 | = | 0.0% |
| Stocks | 30/36 | €2,223 | €2,223 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €751,264 | €756,236 | +€4,973 | +0.7% |
| Trade receivables | 40 | €708,856 | €737,029 | +€28,173 | +4.0% |
| Other amounts receivable | 41 | €42,408 | €19,207 | -€23,201 | -54.7% |
| Cash at bank and in hand | 54/58 | €80,050 | €0 | -€80,050 | -100% |
| Deferred charges and accrued income | 490/1 | €33,857 | €6,836 | -€27,021 | -79.8% |
| Total equity and liabilities | 10/49 | €1,861,293 | €2,280,958 | +€419,665 | +22.5% |
| Equity | 10/15 | €14,847 | -€211,819 | -€226,666 | |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €3,647 | -€223,019 | -€226,666 | |
| Amounts payable | 17/49 | €1,846,446 | €2,492,778 | +€646,331 | +35.0% |
| Amounts payable after more than one year | 17 | €901,576 | €1,150,144 | +€248,567 | +27.6% |
| Financial debts | 170/4 | €901,576 | €1,150,144 | +€248,567 | +27.6% |
| Amounts payable within one year | 42/48 | €916,725 | €1,342,469 | +€425,744 | +46.4% |
| Current portion of amounts payable after more than one year | 42 | €310,671 | €357,751 | +€47,081 | +15.2% |
| Financial debts | 43 | €126,230 | €201,254 | +€75,024 | +59.4% |
| Credit institutions | 430/8 | €1,230 | €1,254 | +€24 | +2.0% |
| Other loans | 439 | €125,000 | €200,000 | +€75,000 | +60.0% |
| Trade debts | 44 | €403,407 | €370,433 | -€32,974 | -8.2% |
| Suppliers | 440/4 | €403,407 | €370,433 | -€32,974 | -8.2% |
| Advances received on contracts in progress | 46 | €14,000 | €14,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €20,288 | €145,388 | +€125,100 | +617% |
| Taxes | 450/3 | €7,224 | €20,299 | +€13,075 | +181% |
| Remuneration and social security | 454/9 | €13,064 | €125,089 | +€112,024 | +857% |
| Other amounts payable | 47/48 | €42,129 | €253,643 | +€211,513 | +502% |
| Accrued charges and deferred income | 492/3 | €28,145 | €165 | -€27,980 | -99.4% |
| Turnover | 70 | €0 | €0 | = | |
| Non-recurring operating income | 76A | €77,357 | €22,723 | -€54,634 | -70.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €365,739 | €438,020 | +€72,281 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €368,135 | €380,555 | +€12,421 | +3.4% |
| Other operating charges | 640/8 | €14,650 | €26,433 | +€11,784 | +80.4% |
| Non-recurring operating charges | 66A | €12,930 | €0 | -€12,930 | -100% |
| Gross operating margin | 9900 | €835,020 | €711,444 | -€123,576 | -14.8% |
| Operating profit (loss) | 9901 | €73,565 | -€133,565 | -€207,130 | |
| Financial income | 75/76B | €1,713 | €3,369 | +€1,656 | +96.7% |
| Recurring financial income | 75 | €1,713 | €3,369 | +€1,656 | +96.7% |
| Financial charges | 65/66B | €57,919 | €96,470 | +€38,551 | +66.6% |
| Recurring financial charges | 65 | €57,919 | €96,470 | +€38,551 | +66.6% |
| Profit (loss) for the period before taxes | 9903 | €17,359 | -€226,666 | -€244,025 | |
| Profit (loss) for the period | 9904 | €17,359 | -€226,666 | -€244,025 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,359 | -€226,666 | -€244,025 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.