SIMILAUN: 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.
SIMILAUN
Largest movements
- Current investments -€350,000
no longer reported in 2025 (was €350,000)
- Cash +€132,421
up €132,421 (+286.5%), from €46,226 to €178,647
mainly Current investments (+€350,000) and Net result for the year (+€84,981)
- Tangible fixed assets +€34,387
up €34,387 (+341.5%), from €10,071 to €44,458
- Deferred charges and accrued income -€7,070
down €7,070 (-45.3%), from €15,621 to €8,550
- Profit (loss) carried forward -€181,690
down €181,690 (-68.1%), from €266,671 to €84,981
- Financial income -€187,678
down €187,678 (-96.5%), from €194,414 to €6,736
- Gross operating margin +€11,576
up €11,576 (+11.8%), from €97,834 to €109,410
- Taxes +€3,880
up €3,880 (+20.0%), from €19,384 to €23,264
- Depreciation +€1,716
up €1,716 (+30.4%), from €5,646 to €7,362
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 | €446,209 | €254,290 | -€191,919 | -43.0% |
| Fixed assets | 21/28 | €10,071 | €44,458 | +€34,387 | +341.5% |
| Tangible fixed assets | 22/27 | €10,071 | €44,458 | +€34,387 | +341.5% |
| Furniture and vehicles | 24 | €10,071 | €44,458 | +€34,387 | +341.5% |
| Current assets | 29/58 | €436,139 | €209,833 | -€226,306 | -51.9% |
| Amounts receivable within one year | 40/41 | €24,291 | €22,635 | -€1,656 | -6.8% |
| Trade receivables | 40 | €21,766 | €18,684 | -€3,083 | -14.2% |
| Other amounts receivable | 41 | €2,525 | €3,952 | +€1,427 | +56.5% |
| Current investments | 50/53 | €350,000 | - | -€350,000 | |
| Cash at bank and in hand | 54/58 | €46,226 | €178,647 | +€132,421 | +286.5% |
| Deferred charges and accrued income | 490/1 | €15,621 | €8,550 | -€7,070 | -45.3% |
| Total equity and liabilities | 10/49 | €446,209 | €254,290 | -€191,919 | -43.0% |
| Equity | 10/15 | €431,681 | €245,781 | -€185,900 | -43.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €164,010 | €159,800 | -€4,210 | -2.6% |
| Distributable reserves | 133 | €164,010 | €159,800 | -€4,210 | -2.6% |
| Profit (loss) carried forward | 14 | €266,671 | €84,981 | -€181,690 | -68.1% |
| Amounts payable | 17/49 | €14,528 | €8,509 | -€6,019 | -41.4% |
| Amounts payable within one year | 42/48 | €14,413 | €8,509 | -€5,904 | -41.0% |
| Trade debts | 44 | €3,694 | €595 | -€3,099 | -83.9% |
| Suppliers | 440/4 | €3,694 | €595 | -€3,099 | -83.9% |
| Taxes, remuneration and social security | 45 | €10,720 | €7,914 | -€2,805 | -26.2% |
| Taxes | 450/3 | €10,720 | €7,914 | -€2,805 | -26.2% |
| Accrued charges and deferred income | 492/3 | €115 | - | -€115 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,646 | €7,362 | +€1,716 | +30.4% |
| Other operating charges | 640/8 | €451 | €467 | +€16 | +3.5% |
| Gross operating margin | 9900 | €97,834 | €109,410 | +€11,576 | +11.8% |
| Operating profit (loss) | 9901 | €91,737 | €101,581 | +€9,844 | +10.7% |
| Financial income | 75/76B | €194,414 | €6,736 | -€187,678 | -96.5% |
| Recurring financial income | 75 | €194,414 | €6,736 | -€187,678 | -96.5% |
| Financial charges | 65/66B | €96 | €72 | -€24 | -24.7% |
| Recurring financial charges | 65 | €96 | €72 | -€24 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €286,055 | €108,245 | -€177,810 | -62.2% |
| Income taxes | 67/77 | €19,384 | €23,264 | +€3,880 | +20.0% |
| Profit (loss) for the period | 9904 | €266,671 | €84,981 | -€181,690 | -68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €266,671 | €84,981 | -€181,690 | -68.1% |
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 30 September 2026 via checked.be.