SIMESCO: 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.
SIMESCO
Largest movements
- Receivables within one year +€17,242
up €17,242 (+747%), from €2,309 to €19,551
of which Other amounts receivable: +€14,302
- Tangible fixed assets -€14,372
down €14,372 (-50.4%), from €28,504 to €14,132
of which Furniture and vehicles: -€12,557
- Cash +€6,364
up €6,364 (+23.3%), from €27,279 to €33,643
mainly Net result for the year (+€44,659) and Depreciation (+€18,690)
- Profit (loss) carried forward +€17,659
up €17,659, from -€1,298 to €16,361
- Other debts -€12,842
down €12,842 (-43.8%), from €29,336 to €16,494
- Reserves +€10,506
up €10,506 (+234%), from €4,494 to €15,000
- Current portion of long-term debt -€3,373
down €3,373 (-66.5%), from €5,075 to €1,702
- Debts after one year -€1,702
down €1,702 (-100%), from €1,702 to €0
- Gross operating margin +€49,514
up €49,514 (+289%), from €17,141 to €66,656
- Taxes +€1,841
up €1,841 (+778%), from €237 to €2,077
- Financial charges -€1,394
down €1,394 (-62.3%), from €2,238 to €843
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 | €61,837 | €70,997 | +€9,159 | +14.8% |
| Fixed assets | 21/28 | €30,004 | €15,632 | -€14,372 | -47.9% |
| Tangible fixed assets | 22/27 | €28,504 | €14,132 | -€14,372 | -50.4% |
| Plant, machinery and equipment | 23 | €7,248 | €5,433 | -€1,815 | -25.0% |
| Furniture and vehicles | 24 | €21,256 | €8,699 | -€12,557 | -59.1% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €31,834 | €55,365 | +€23,531 | +73.9% |
| Amounts receivable within one year | 40/41 | €2,309 | €19,551 | +€17,242 | +747% |
| Trade receivables | 40 | €915 | €3,856 | +€2,941 | +321% |
| Other amounts receivable | 41 | €1,394 | €15,696 | +€14,302 | +1,026% |
| Cash at bank and in hand | 54/58 | €27,279 | €33,643 | +€6,364 | +23.3% |
| Deferred charges and accrued income | 490/1 | €2,245 | €2,170 | -€75 | -3.3% |
| Total equity and liabilities | 10/49 | €61,837 | €70,997 | +€9,159 | +14.8% |
| Equity | 10/15 | €15,597 | €43,761 | +€28,165 | +181% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €4,494 | €15,000 | +€10,506 | +234% |
| Distributable reserves | 133 | €4,494 | €15,000 | +€10,506 | +234% |
| Profit (loss) carried forward | 14 | -€1,298 | €16,361 | +€17,659 | |
| Amounts payable | 17/49 | €46,241 | €27,235 | -€19,005 | -41.1% |
| Amounts payable after more than one year | 17 | €1,702 | €0 | -€1,702 | -100% |
| Financial debts | 170/4 | €1,702 | €0 | -€1,702 | -100% |
| Amounts payable within one year | 42/48 | €42,480 | €24,670 | -€17,810 | -41.9% |
| Current portion of amounts payable after more than one year | 42 | €5,075 | €1,702 | -€3,373 | -66.5% |
| Trade debts | 44 | €5,379 | €3,833 | -€1,547 | -28.8% |
| Suppliers | 440/4 | €5,379 | €3,833 | -€1,547 | -28.8% |
| Taxes, remuneration and social security | 45 | €2,689 | €2,641 | -€48 | -1.8% |
| Taxes | 450/3 | €2,689 | €2,641 | -€48 | -1.8% |
| Other amounts payable | 47/48 | €29,336 | €16,494 | -€12,842 | -43.8% |
| Accrued charges and deferred income | 492/3 | €2,059 | €2,565 | +€506 | +24.6% |
| Non-recurring operating income | 76A | - | €26,950 | +€26,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,143 | €18,690 | +€547 | +3.0% |
| Other operating charges | 640/8 | €1,499 | €981 | -€518 | -34.6% |
| Gross operating margin | 9900 | €17,141 | €66,656 | +€49,514 | +289% |
| Operating profit (loss) | 9901 | -€2,501 | €46,985 | +€49,486 | |
| Financial income | 75/76B | €81 | €595 | +€514 | +639% |
| Recurring financial income | 75 | €81 | €595 | +€514 | +639% |
| Financial charges | 65/66B | €2,238 | €843 | -€1,394 | -62.3% |
| Recurring financial charges | 65 | €2,238 | €843 | -€1,394 | -62.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,658 | €46,736 | +€51,395 | |
| Income taxes | 67/77 | €237 | €2,077 | +€1,841 | +778% |
| Profit (loss) for the period | 9904 | -€4,895 | €44,659 | +€49,554 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,895 | €44,659 | +€49,554 |
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 13 October 2026 via checked.be.