SIMIN: what changed
Two financial 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.
SIMIN
Largest movements
- Receivables within one year +€110,004
up €110,004 (+75.7%), from €145,313 to €255,317
of which Other amounts receivable: +€110,004
- Tangible fixed assets +€37,869
up €37,869 (+1.9%), from €2.0m to €2.0m
of which Furniture and vehicles: +€94,443
- Reserves +€272,081
up €272,081 (+24.9%), from €1.1m to €1.4m
of which Distributable reserves: +€277,830
- Debts after one year -€114,513
down €114,513 (-14.3%), from €801,709 to €687,196
of which Financial debts: -€131,688
- Gross operating margin +€142,741
up €142,741 (+29.7%), from €480,627 to €623,368
- Taxes +€32,790
up €32,790 (+35.3%), from €92,993 to €125,783
- Depreciation +€28,603
up €28,603 (+20.9%), from €137,076 to €165,679
- Other operating charges +€9,887
up €9,887 (+64.7%), from €15,278 to €25,164
- Financial charges -€7,050
down €7,050 (-13.8%), from €51,099 to €44,049
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.
Derived cash bridge
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 | €2,677,890 | €2,816,419 | +€138,529 | +5.2% |
| Fixed assets | 21/28 | €1,953,662 | €1,991,531 | +€37,869 | +1.9% |
| Tangible fixed assets | 22/27 | €1,950,803 | €1,988,672 | +€37,869 | +1.9% |
| Land and buildings | 22 | €1,406,120 | €1,315,310 | -€90,810 | -6.5% |
| Plant, machinery and equipment | 23 | €543,589 | €576,825 | +€33,236 | +6.1% |
| Furniture and vehicles | 24 | €1,094 | €95,538 | +€94,443 | +8,631% |
| Assets under construction and advance payments | 27 | - | €1,000 | +€1,000 | |
| Financial fixed assets | 28 | €2,859 | €2,859 | = | 0.0% |
| Current assets | 29/58 | €724,228 | €824,888 | +€100,660 | +13.9% |
| Amounts receivable after more than one year | 29 | €395,000 | €395,000 | = | 0.0% |
| Other amounts receivable | 291 | €395,000 | €395,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €145,313 | €255,317 | +€110,004 | +75.7% |
| Trade receivables | 40 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 41 | €135,313 | €245,317 | +€110,004 | +81.3% |
| Cash at bank and in hand | 54/58 | €177,834 | €165,357 | -€12,477 | -7.0% |
| Deferred charges and accrued income | 490/1 | €6,081 | €9,215 | +€3,133 | +51.5% |
| Total equity and liabilities | 10/49 | €2,677,890 | €2,816,419 | +€138,529 | +5.2% |
| Equity | 10/15 | €1,534,428 | €1,806,516 | +€272,088 | +17.7% |
| Contributions | 10/11 | €438,200 | €438,200 | = | 0.0% |
| Reserves | 13 | €1,094,576 | €1,366,657 | +€272,081 | +24.9% |
| Tax-exempt reserves | 132 | €119,986 | €114,237 | -€5,749 | -4.8% |
| Distributable reserves | 133 | €974,590 | €1,252,420 | +€277,830 | +28.5% |
| Profit (loss) carried forward | 14 | €1,652 | €1,659 | +€7 | +0.4% |
| Provisions and deferred taxes | 16 | €23,114 | €20,154 | -€2,960 | -12.8% |
| Deferred taxes | 168 | €23,114 | €20,154 | -€2,960 | -12.8% |
| Amounts payable | 17/49 | €1,120,348 | €989,750 | -€130,598 | -11.7% |
| Amounts payable after more than one year | 17 | €801,709 | €687,196 | -€114,513 | -14.3% |
| Financial debts | 170/4 | €801,709 | €670,021 | -€131,688 | -16.4% |
| Other amounts payable | 178/9 | - | €17,175 | +€17,175 | |
| Amounts payable within one year | 42/48 | €300,853 | €278,964 | -€21,889 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €266,147 | €242,203 | -€23,943 | -9.0% |
| Trade debts | 44 | €12,631 | €15,920 | +€3,289 | +26.0% |
| Suppliers | 440/4 | €12,631 | €15,920 | +€3,289 | +26.0% |
| Taxes, remuneration and social security | 45 | €22,075 | €20,841 | -€1,234 | -5.6% |
| Taxes | 450/3 | €22,075 | €20,841 | -€1,234 | -5.6% |
| Accrued charges and deferred income | 492/3 | €17,786 | €23,589 | +€5,803 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,076 | €165,679 | +€28,603 | +20.9% |
| Other operating charges | 640/8 | €15,278 | €25,164 | +€9,887 | +64.7% |
| Gross operating margin | 9900 | €480,627 | €623,368 | +€142,741 | +29.7% |
| Operating profit (loss) | 9901 | €328,273 | €432,525 | +€104,252 | +31.8% |
| Financial income | 75/76B | €2,870 | €6,434 | +€3,564 | +124% |
| Recurring financial income | 75 | €2,870 | €6,434 | +€3,564 | +124% |
| Financial charges | 65/66B | €51,099 | €44,049 | -€7,050 | -13.8% |
| Recurring financial charges | 65 | €51,099 | €44,049 | -€7,050 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €280,044 | €394,910 | +€114,866 | +41.0% |
| Transfer from deferred taxes | 780 | €2,960 | €2,960 | = | 0.0% |
| Income taxes | 67/77 | €92,993 | €125,783 | +€32,790 | +35.3% |
| Profit (loss) for the period | 9904 | €190,012 | €272,088 | +€82,076 | +43.2% |
| Transfer from tax-exempt reserves | 789 | €5,749 | €5,749 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €195,761 | €277,837 | +€82,076 | +41.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.