SIMINSTAL: 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.
SIMINSTAL
Largest movements
- Receivables within one year -€8,075
down €8,075 (-14.2%), from €56,801 to €48,726
of which Other amounts receivable: -€6,816
- Tangible fixed assets -€5,418
down €5,418 (-49.1%), from €11,026 to €5,608
of which Furniture and vehicles: -€5,124
- Deferred charges and accrued income +€1,066
up €1,066 (+922.3%), from €116 to €1,182
- Profit (loss) carried forward -€9,759
down €9,759 (-26.0%), from €37,601 to €27,842
- Debts after one year -€4,650
no longer reported in 2025 (was €4,650)
- Tax, wage and social debts +€3,627
up €3,627 (+54.2%), from €6,687 to €10,313
of which Remuneration and social security: +€6,144
- Other debts -€1,148
down €1,148 (-28.9%), from €3,969 to €2,822
- Gross operating margin -€20,278
down €20,278, from €16,782 to -€3,495
- Write-downs -€2,510
no longer reported in 2025 (was €2,510)
- Taxes -€1,443
no longer reported in 2025 (was €1,443)
- Depreciation -€1,231
down €1,231 (-18.5%), from €6,649 to €5,418
- Other operating charges -€361
down €361 (-39.7%), from €909 to €548
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 | €68,604 | €56,776 | -€11,828 | -17.2% |
| Fixed assets | 21/28 | €11,119 | €5,701 | -€5,418 | -48.7% |
| Tangible fixed assets | 22/27 | €11,026 | €5,608 | -€5,418 | -49.1% |
| Plant, machinery and equipment | 23 | €294 | - | -€294 | |
| Furniture and vehicles | 24 | €10,732 | €5,608 | -€5,124 | -47.7% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €57,485 | €51,075 | -€6,410 | -11.2% |
| Amounts receivable within one year | 40/41 | €56,801 | €48,726 | -€8,075 | -14.2% |
| Trade receivables | 40 | €48,001 | €46,742 | -€1,259 | -2.6% |
| Other amounts receivable | 41 | €8,799 | €1,983 | -€6,816 | -77.5% |
| Cash at bank and in hand | 54/58 | €569 | €1,168 | +€599 | +105.1% |
| Deferred charges and accrued income | 490/1 | €116 | €1,182 | +€1,066 | +922.3% |
| Total equity and liabilities | 10/49 | €68,604 | €56,776 | -€11,828 | -17.2% |
| Equity | 10/15 | €44,383 | €34,624 | -€9,759 | -22.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €582 | €582 | = | 0.0% |
| Non-distributable reserves | 130/1 | €582 | €582 | = | 0.0% |
| Reserves not available under the articles | 1311 | €582 | €582 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,601 | €27,842 | -€9,759 | -26.0% |
| Amounts payable | 17/49 | €24,221 | €22,152 | -€2,069 | -8.5% |
| Amounts payable after more than one year | 17 | €4,650 | - | -€4,650 | |
| Financial debts | 170/4 | €4,650 | - | -€4,650 | |
| Amounts payable within one year | 42/48 | €19,571 | €22,151 | +€2,580 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €4,650 | -€350 | -7.0% |
| Trade debts | 44 | €3,915 | €4,366 | +€450 | +11.5% |
| Suppliers | 440/4 | €3,915 | €4,366 | +€450 | +11.5% |
| Taxes, remuneration and social security | 45 | €6,687 | €10,313 | +€3,627 | +54.2% |
| Taxes | 450/3 | €2,517 | - | -€2,517 | |
| Remuneration and social security | 454/9 | €4,170 | €10,313 | +€6,144 | +147.3% |
| Other amounts payable | 47/48 | €3,969 | €2,822 | -€1,148 | -28.9% |
| Accrued charges and deferred income | 492/3 | €0 | €1 | +€1 | +353.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,649 | €5,418 | -€1,231 | -18.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,510 | - | -€2,510 | |
| Other operating charges | 640/8 | €909 | €548 | -€361 | -39.7% |
| Gross operating margin | 9900 | €16,782 | -€3,495 | -€20,278 | |
| Operating profit (loss) | 9901 | €6,714 | -€9,462 | -€16,175 | |
| Financial income | 75/76B | €2 | €1 | -€1 | -56.7% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -56.7% |
| Financial charges | 65/66B | €468 | €298 | -€170 | -36.3% |
| Recurring financial charges | 65 | €468 | €298 | -€170 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €6,248 | -€9,759 | -€16,006 | |
| Income taxes | 67/77 | €1,443 | - | -€1,443 | |
| Profit (loss) for the period | 9904 | €4,804 | -€9,759 | -€14,563 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,804 | -€9,759 | -€14,563 |
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 7 October 2026 via checked.be.