SIMICO: 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.
SIMICO
Largest movements
- Receivables within one year -€4,979
down €4,979 (-13.2%), from €37,675 to €32,696
of which Trade receivables: -€27,390
- Cash +€3,671
up €3,671 (+6.8%), from €53,670 to €57,341
mainly Other debts (+€71,098) and Net result for the year (+€14,069)
- Other debts +€71,098
up €71,098 (+160383.9%), from €44 to €71,143
- Reserves -€69,482
down €69,482 (-83.2%), from €83,551 to €14,069
- Tax, wage and social debts -€3,559
down €3,559 (-19.8%), from €17,992 to €14,433
of which Taxes: -€3,559
- Financial charges -€64,993
down €64,993 (-99.7%), from €65,183 to €190
- Financial income -€64,839
down €64,839 (-98.8%), from €65,644 to €805
- Gross operating margin -€14,504
down €14,504 (-42.1%), from €34,421 to €19,917
- Taxes -€2,741
down €2,741 (-36.9%), from €7,430 to €4,689
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 | €106,651 | €104,644 | -€2,006 | -1.9% |
| Fixed assets | 21/28 | €2,928 | €2,303 | -€625 | -21.3% |
| Tangible fixed assets | 22/27 | €2,928 | €2,303 | -€625 | -21.3% |
| Furniture and vehicles | 24 | €2,928 | €2,303 | -€625 | -21.3% |
| Current assets | 29/58 | €103,723 | €102,342 | -€1,381 | -1.3% |
| Amounts receivable after more than one year | 29 | €11,500 | €11,500 | = | 0.0% |
| Other amounts receivable | 291 | €11,500 | €11,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,675 | €32,696 | -€4,979 | -13.2% |
| Trade receivables | 40 | €37,675 | €10,285 | -€27,390 | -72.7% |
| Other amounts receivable | 41 | - | €22,411 | +€22,411 | |
| Cash at bank and in hand | 54/58 | €53,670 | €57,341 | +€3,671 | +6.8% |
| Deferred charges and accrued income | 490/1 | €878 | €805 | -€73 | -8.3% |
| Total equity and liabilities | 10/49 | €106,651 | €104,644 | -€2,006 | -1.9% |
| Equity | 10/15 | €88,551 | €19,069 | -€69,482 | -78.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €83,551 | €14,069 | -€69,482 | -83.2% |
| Distributable reserves | 133 | €83,551 | €14,069 | -€69,482 | -83.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,099 | €85,575 | +€67,476 | +372.8% |
| Amounts payable within one year | 42/48 | €18,099 | €85,575 | +€67,476 | +372.8% |
| Trade debts | 44 | €63 | €0 | -€63 | -100.0% |
| Suppliers | 440/4 | €63 | €0 | -€63 | -100.0% |
| Taxes, remuneration and social security | 45 | €17,992 | €14,433 | -€3,559 | -19.8% |
| Taxes | 450/3 | €15,992 | €12,433 | -€3,559 | -22.3% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €44 | €71,143 | +€71,098 | +160383.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €997 | €1,016 | +€18 | +1.8% |
| Other operating charges | 640/8 | €459 | €758 | +€299 | +65.3% |
| Gross operating margin | 9900 | €34,421 | €19,917 | -€14,504 | -42.1% |
| Operating profit (loss) | 9901 | €32,965 | €18,144 | -€14,821 | -45.0% |
| Financial income | 75/76B | €65,644 | €805 | -€64,839 | -98.8% |
| Recurring financial income | 75 | €65,644 | €805 | -€64,839 | -98.8% |
| Financial charges | 65/66B | €65,183 | €190 | -€64,993 | -99.7% |
| Recurring financial charges | 65 | €65,183 | €190 | -€64,993 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | €33,426 | €18,758 | -€14,668 | -43.9% |
| Income taxes | 67/77 | €7,430 | €4,689 | -€2,741 | -36.9% |
| Profit (loss) for the period | 9904 | €25,996 | €14,069 | -€11,927 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,996 | €14,069 | -€11,927 | -45.9% |
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 5 October 2026 via checked.be.