SIMEVERE: what changed
What changed
SIMEVERE
filed annual accounts (NBB)
Net result for the year
€98,326
2024 · €97,947+€379
Equity
€11.7m
2024 · €6.3m+€5.5m
Cash
€71,047
2024 · €134,417-€63,370
Balance sheet total
€12.0m
2024 · €6.7m+€5.3m
Largest movements
Assets
- Tangible fixed assets +€5.4m
up €5.4m (+81.3%), from €6.6m to €12.0m
of which Land and buildings: +€5.4m
Equity and liabilities
- Revaluation surpluses +€5.4m
up €5.4m (+98.8%), from €5.4m to €10.8m
- Debts after one year -€160,877
down €160,877 (-35.1%), from €457,716 to €296,839
Income statement
- Gross operating margin -€94,481
down €94,481 (-25.4%), from €371,353 to €276,872
- Depreciation -€87,901
down €87,901 (-66.5%), from €132,132 to €44,231
- Financial charges -€6,102
down €6,102 (-28.4%), from €21,497 to €15,396
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€97,947
Gross operating margin
-€94,481
Depreciation
+€87,901
Other operating charges
-€2,189
Financial charges
+€6,102
Taxes
+€3,047
Result 2025
€98,326
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€131,365
Investment
-€5.4m
Financing
+€5.2m
Cash 2024
€134,417
From operations (derived)
+€131,365
Net result for the year
+€98,326
Depreciation
+€44,231
Smaller working-capital items
-€11,192
Investment (derived)
-€5.4m
Investment in fixed assets (net)
-€5.4m
Financing
+€5.2m
Debts after one year
-€160,877
Contributions, distributions and other
+€5.4m
Cash 2025
€71,047
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,737,196 | €12,049,464 | +€5.3m | +78.8% |
| Fixed assets | 21/28 | €6,602,779 | €11,969,192 | +€5.4m | +81.3% |
| Tangible fixed assets | 22/27 | €6,602,779 | €11,969,192 | +€5.4m | +81.3% |
| Land and buildings | 22 | €6,582,533 | €11,935,521 | +€5.4m | +81.3% |
| Plant, machinery and equipment | 23 | €20,246 | €33,671 | +€13,425 | +66.3% |
| Current assets | 29/58 | €134,417 | €80,272 | -€54,145 | -40.3% |
| Amounts receivable within one year | 40/41 | - | €9,225 | +€9,225 | |
| Other amounts receivable | 41 | - | €9,225 | +€9,225 | |
| Cash at bank and in hand | 54/58 | €134,417 | €71,047 | -€63,370 | -47.1% |
| Total equity and liabilities | 10/49 | €6,737,196 | €12,049,464 | +€5.3m | +78.8% |
| Equity | 10/15 | €6,270,691 | €11,745,804 | +€5.5m | +87.3% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Revaluation surpluses | 12 | €5,443,213 | €10,820,000 | +€5.4m | +98.8% |
| Reserves | 13 | €6,300 | €6,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €758,178 | €856,504 | +€98,326 | +13.0% |
| Amounts payable | 17/49 | €466,505 | €303,661 | -€162,845 | -34.9% |
| Amounts payable after more than one year | 17 | €457,716 | €296,839 | -€160,877 | -35.1% |
| Financial debts | 170/4 | €457,716 | €296,839 | -€160,877 | -35.1% |
| Amounts payable within one year | 42/48 | €8,789 | €6,822 | -€1,968 | -22.4% |
| Trade debts | 44 | €968 | - | -€968 | |
| Suppliers | 440/4 | €968 | - | -€968 | |
| Taxes, remuneration and social security | 45 | €7,822 | €6,822 | -€1,000 | -12.8% |
| Taxes | 450/3 | €7,822 | €6,822 | -€1,000 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,132 | €44,231 | -€87,901 | -66.5% |
| Other operating charges | 640/8 | €91,955 | €94,144 | +€2,189 | +2.4% |
| Gross operating margin | 9900 | €371,353 | €276,872 | -€94,481 | -25.4% |
| Operating profit (loss) | 9901 | €147,266 | €138,497 | -€8,769 | -6.0% |
| Financial charges | 65/66B | €21,497 | €15,396 | -€6,102 | -28.4% |
| Recurring financial charges | 65 | €21,497 | €15,396 | -€6,102 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €125,769 | €123,101 | -€2,667 | -2.1% |
| Income taxes | 67/77 | €27,822 | €24,775 | -€3,047 | -11.0% |
| Profit (loss) for the period | 9904 | €97,947 | €98,326 | +€379 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €97,947 | €98,326 | +€379 | +0.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.