SIMFIN: what changed
Two fiscal 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.
SIMFIN
Largest movements
- Deferred charges and accrued income +€71,881
up €71,881 (+3106.0%), from €2,314 to €74,195
- Receivables within one year +€70,435
up €70,435 (+71.1%), from €99,051 to €169,486
of which Trade receivables: +€66,349
- Tangible fixed assets +€62,256
up €62,256 (+29.5%), from €210,996 to €273,252
of which Furniture and vehicles: +€66,811
- Cash -€45,881
down €45,881 (-97.2%), from €47,181 to €1,300
mainly Debts after one year (-€98,918) and Investment in fixed assets (net) (-€78,390)
- Reserves +€177,730
up €177,730 (+96.9%), from €183,412 to €361,142
of which Distributable reserves: +€119,000
- Debts after one year -€98,918
down €98,918 (-4.9%), from €2.0m to €1.9m
of which Other amounts payable: -€79,250
- Profit (loss) carried forward +€40,187
up €40,187 (+92.3%), from €43,546 to €83,733
- Gross operating margin +€101,023
up €101,023 (+73.1%), from €138,125 to €239,148
- Financial income +€70,011
up €70,011 (+63646409.1%), from €0 to €70,011
- Taxes +€25,602
up €25,602 (+105.5%), from €24,274 to €49,876
- Other operating charges -€22,205
down €22,205 (-90.0%), from €24,667 to €2,462
- Financial charges +€16,798
up €16,798 (+326.8%), from €5,140 to €21,938
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.
Cash bridge derived
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 | €2,444,542 | €2,603,233 | +€158,691 | +6.5% |
| Fixed assets | 21/28 | €2,295,996 | €2,358,252 | +€62,256 | +2.7% |
| Tangible fixed assets | 22/27 | €210,996 | €273,252 | +€62,256 | +29.5% |
| Land and buildings | 22 | €185,390 | €181,269 | -€4,121 | -2.2% |
| Plant, machinery and equipment | 23 | €1,052 | €619 | -€433 | -41.2% |
| Furniture and vehicles | 24 | €24,553 | €91,364 | +€66,811 | +272.1% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €2,085,000 | €2,085,000 | = | 0.0% |
| Current assets | 29/58 | €148,547 | €244,981 | +€96,434 | +64.9% |
| Amounts receivable within one year | 40/41 | €99,051 | €169,486 | +€70,435 | +71.1% |
| Trade receivables | 40 | €88,551 | €154,900 | +€66,349 | +74.9% |
| Other amounts receivable | 41 | €10,500 | €14,586 | +€4,086 | +38.9% |
| Cash at bank and in hand | 54/58 | €47,181 | €1,300 | -€45,881 | -97.2% |
| Deferred charges and accrued income | 490/1 | €2,314 | €74,195 | +€71,881 | +3106.0% |
| Total equity and liabilities | 10/49 | €2,444,542 | €2,603,233 | +€158,691 | +6.5% |
| Equity | 10/15 | €236,958 | €454,875 | +€217,917 | +92.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €183,412 | €361,142 | +€177,730 | +96.9% |
| Tax-exempt reserves | 132 | - | €58,730 | +€58,730 | |
| Distributable reserves | 133 | €183,412 | €302,412 | +€119,000 | +64.9% |
| Profit (loss) carried forward | 14 | €43,546 | €83,733 | +€40,187 | +92.3% |
| Amounts payable | 17/49 | €2,207,585 | €2,148,359 | -€59,226 | -2.7% |
| Amounts payable after more than one year | 17 | €2,012,325 | €1,913,407 | -€98,918 | -4.9% |
| Financial debts | 170/4 | €591,575 | €571,907 | -€19,668 | -3.3% |
| Other amounts payable | 178/9 | €1,420,750 | €1,341,500 | -€79,250 | -5.6% |
| Amounts payable within one year | 42/48 | €190,608 | €234,765 | +€44,157 | +23.2% |
| Current portion of amounts payable after more than one year | 42 | €152,663 | €172,179 | +€19,517 | +12.8% |
| Trade debts | 44 | €3,312 | €3,959 | +€647 | +19.5% |
| Suppliers | 440/4 | €3,312 | €3,959 | +€647 | +19.5% |
| Taxes, remuneration and social security | 45 | €18,344 | €41,297 | +€22,953 | +125.1% |
| Taxes | 450/3 | €18,200 | €37,786 | +€19,586 | +107.6% |
| Remuneration and social security | 454/9 | €144 | €3,511 | +€3,367 | +2338.3% |
| Other amounts payable | 47/48 | €16,289 | €17,329 | +€1,040 | +6.4% |
| Accrued charges and deferred income | 492/3 | €4,652 | €187 | -€4,465 | -96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,244 | €16,134 | +€2,889 | +21.8% |
| Other operating charges | 640/8 | €24,667 | €2,462 | -€22,205 | -90.0% |
| Gross operating margin | 9900 | €138,125 | €239,148 | +€101,023 | +73.1% |
| Operating profit (loss) | 9901 | €100,213 | €220,553 | +€120,339 | +120.1% |
| Financial income | 75/76B | €0 | €70,011 | +€70,011 | +63646409.1% |
| Recurring financial income | 75 | €0 | €70,011 | +€70,011 | +63646409.1% |
| Financial charges | 65/66B | €5,140 | €21,938 | +€16,798 | +326.8% |
| Recurring financial charges | 65 | €5,140 | €21,938 | +€16,798 | +326.8% |
| Profit (loss) for the period before taxes | 9903 | €95,073 | €268,626 | +€173,553 | +182.5% |
| Income taxes | 67/77 | €24,274 | €49,876 | +€25,602 | +105.5% |
| Profit (loss) for the period | 9904 | €70,799 | €218,750 | +€147,950 | +209.0% |
| Transfer to tax-exempt reserves | 689 | - | €58,730 | +€58,730 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,799 | €160,020 | +€89,221 | +126.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.