SIMIAM: 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.
SIMIAM
Largest movements
- Receivables within one year +€54,506
up €54,506 (+383.4%), from €14,217 to €68,723
of which Trade receivables: +€47,869
- Current investments -€50,000
no longer reported in 2024 (was €50,000)
- Cash -€16,302
down €16,302 (-20.6%), from €79,025 to €62,723
mainly Receivables within one year (-€54,506) and Net result for the year (-€7,972)
- Tangible fixed assets -€2,985
down €2,985 (-4.2%), from €71,738 to €68,753
of which Land and buildings: -€2,637
- Profit (loss) carried forward -€7,972
down €7,972 (-11.7%), from €68,183 to €60,211
- Debts after one year -€5,279
down €5,279 (-15.4%), from €34,361 to €29,082
- Tax, wage and social debts +€2,571
up €2,571 (+7434.0%), from €35 to €2,605
- Current portion of long-term debt -€2,507
down €2,507 (-32.2%), from €7,787 to €5,279
- Gross operating margin -€32,588
down €32,588 (-89.3%), from €36,489 to €3,901
- Taxes -€6,236
down €6,236 (-76.0%), from €8,206 to €1,970
- Financial income +€681
up €681 (+3087.1%), from €22 to €703
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.
Cash bridge derived
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 | €215,950 | €201,172 | -€14,778 | -6.8% |
| Fixed assets | 21/28 | €71,738 | €68,753 | -€2,985 | -4.2% |
| Tangible fixed assets | 22/27 | €71,738 | €68,753 | -€2,985 | -4.2% |
| Land and buildings | 22 | €55,549 | €52,913 | -€2,637 | -4.7% |
| Plant, machinery and equipment | 23 | €7,295 | €9,300 | +€2,006 | +27.5% |
| Furniture and vehicles | 24 | €4,202 | €2,939 | -€1,263 | -30.1% |
| Other tangible fixed assets | 26 | €4,691 | €3,601 | -€1,090 | -23.2% |
| Current assets | 29/58 | €144,212 | €132,419 | -€11,793 | -8.2% |
| Amounts receivable within one year | 40/41 | €14,217 | €68,723 | +€54,506 | +383.4% |
| Trade receivables | 40 | €4,679 | €52,548 | +€47,869 | +1023.2% |
| Other amounts receivable | 41 | €9,539 | €16,175 | +€6,636 | +69.6% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €79,025 | €62,723 | -€16,302 | -20.6% |
| Deferred charges and accrued income | 490/1 | €970 | €973 | +€4 | +0.4% |
| Total equity and liabilities | 10/49 | €215,950 | €201,172 | -€14,778 | -6.8% |
| Equity | 10/15 | €164,635 | €156,662 | -€7,972 | -4.8% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €83,852 | €83,852 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €81,992 | €81,992 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,183 | €60,211 | -€7,972 | -11.7% |
| Amounts payable | 17/49 | €51,315 | €44,510 | -€6,805 | -13.3% |
| Amounts payable after more than one year | 17 | €34,361 | €29,082 | -€5,279 | -15.4% |
| Financial debts | 170/4 | €34,361 | €29,082 | -€5,279 | -15.4% |
| Amounts payable within one year | 42/48 | €16,954 | €15,428 | -€1,526 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €7,787 | €5,279 | -€2,507 | -32.2% |
| Trade debts | 44 | €9,132 | €7,543 | -€1,589 | -17.4% |
| Suppliers | 440/4 | €9,132 | €7,543 | -€1,589 | -17.4% |
| Taxes, remuneration and social security | 45 | €35 | €2,605 | +€2,571 | +7434.0% |
| Taxes | 450/3 | €35 | €2,605 | +€2,571 | +7434.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,453 | €7,519 | +€66 | +0.9% |
| Other operating charges | 640/8 | €1,220 | €1,090 | -€130 | -10.6% |
| Non-recurring operating charges | 66A | €7,588 | - | -€7,588 | |
| Gross operating margin | 9900 | €36,489 | €3,901 | -€32,588 | -89.3% |
| Operating profit (loss) | 9901 | €20,228 | -€4,708 | -€24,936 | |
| Financial income | 75/76B | €22 | €703 | +€681 | +3087.1% |
| Recurring financial income | 75 | €22 | €703 | +€681 | +3087.1% |
| Financial charges | 65/66B | €2,325 | €1,998 | -€326 | -14.0% |
| Recurring financial charges | 65 | €2,325 | €1,998 | -€326 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €17,925 | -€6,003 | -€23,928 | |
| Income taxes | 67/77 | €8,206 | €1,970 | -€6,236 | -76.0% |
| Profit (loss) for the period | 9904 | €9,719 | -€7,972 | -€17,691 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,719 | -€7,972 | -€17,691 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.