SIMITEX: 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.
SIMITEX
Largest movements
- Cash -€37,011
down €37,011 (-24.1%), from €153,283 to €116,273
mainly Investment in fixed assets (net) (-€82,046) and Deferred charges and accrued income (-€11,557)
- Tangible fixed assets +€29,924
up €29,924 (+3.2%), from €936,345 to €966,269
- Deferred charges and accrued income +€11,557
up €11,557 (+302.3%), from €3,823 to €15,380
- Reserves +€13,073
up €13,073 (+5.9%), from €223,019 to €236,091
- Taxes -€8,631
down €8,631 (-71.9%), from €11,997 to €3,366
- Depreciation +€8,375
up €8,375 (+19.1%), from €43,747 to €52,123
- Gross operating margin -€2,762
down €2,762 (-2.8%), from €100,404 to €97,642
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 | €1,111,753 | €1,113,225 | +€1,472 | +0.1% |
| Fixed assets | 21/28 | €936,345 | €966,269 | +€29,924 | +3.2% |
| Tangible fixed assets | 22/27 | €936,345 | €966,269 | +€29,924 | +3.2% |
| Land and buildings | 22 | €936,345 | €966,269 | +€29,924 | +3.2% |
| Current assets | 29/58 | €175,407 | €146,956 | -€28,452 | -16.2% |
| Amounts receivable within one year | 40/41 | €5,442 | €2,444 | -€2,998 | -55.1% |
| Trade receivables | 40 | - | €2,310 | +€2,310 | |
| Other amounts receivable | 41 | €5,442 | €134 | -€5,308 | -97.5% |
| Current investments | 50/53 | €12,859 | €12,859 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €153,283 | €116,273 | -€37,011 | -24.1% |
| Deferred charges and accrued income | 490/1 | €3,823 | €15,380 | +€11,557 | +302.3% |
| Total equity and liabilities | 10/49 | €1,111,753 | €1,113,225 | +€1,472 | +0.1% |
| Equity | 10/15 | €676,293 | €689,365 | +€13,073 | +1.9% |
| Contributions | 10/11 | €453,274 | €453,274 | = | 0.0% |
| Reserves | 13 | €223,019 | €236,091 | +€13,073 | +5.9% |
| Distributable reserves | 133 | €223,019 | €236,091 | +€13,073 | +5.9% |
| Amounts payable | 17/49 | €435,460 | €423,860 | -€11,600 | -2.7% |
| Amounts payable within one year | 42/48 | €418,187 | €412,409 | -€5,777 | -1.4% |
| Trade debts | 44 | €504 | €2,426 | +€1,923 | +381.7% |
| Suppliers | 440/4 | €504 | €2,426 | +€1,923 | +381.7% |
| Taxes, remuneration and social security | 45 | €4,881 | €4,907 | +€27 | +0.5% |
| Taxes | 450/3 | €4,881 | €4,907 | +€27 | +0.5% |
| Other amounts payable | 47/48 | €412,802 | €405,076 | -€7,727 | -1.9% |
| Accrued charges and deferred income | 492/3 | €17,273 | €11,450 | -€5,823 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,747 | €52,123 | +€8,375 | +19.1% |
| Other operating charges | 640/8 | €11,741 | €12,165 | +€423 | +3.6% |
| Gross operating margin | 9900 | €100,404 | €97,642 | -€2,762 | -2.8% |
| Operating profit (loss) | 9901 | €44,916 | €33,355 | -€11,561 | -25.7% |
| Financial charges | 65/66B | €16,577 | €16,917 | +€340 | +2.1% |
| Recurring financial charges | 65 | €16,577 | €16,917 | +€340 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €28,339 | €16,438 | -€11,901 | -42.0% |
| Transfer from deferred taxes | 780 | €3,706 | €0 | -€3,706 | -100.0% |
| Income taxes | 67/77 | €11,997 | €3,366 | -€8,631 | -71.9% |
| Profit (loss) for the period | 9904 | €20,048 | €13,073 | -€6,976 | -34.8% |
| Transfer from tax-exempt reserves | 789 | €5,520 | €0 | -€5,520 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,568 | €13,073 | -€12,496 | -48.9% |
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 4 October 2026 via checked.be.