SIMJO: 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.
SIMJO
Largest movements
- Current investments -€134,838
down €134,838 (-53.8%), from €250,424 to €115,587
- Tangible fixed assets -€39,667
down €39,667 (-3.2%), from €1.2m to €1.2m
of which Land and buildings: -€38,068
- Cash -€34,281
down €34,281 (-46.3%), from €74,010 to €39,730
mainly Contributions, distributions and other (-€341,147) and Short-term financial debts (-€67,000)
- Receivables after one year -€26,500
down €26,500 (-37.9%), from €70,000 to €43,500
- Reserves -€114,323
down €114,323 (-13.3%), from €857,487 to €743,164
- Short-term financial debts -€67,000
no longer reported in 2025 (was €67,000)
- Debts after one year -€46,346
down €46,346 (-6.8%), from €680,456 to €634,110
- Current portion of long-term debt -€24,128
down €24,128 (-31.1%), from €77,557 to €53,429
- Gross operating margin -€174,553
down €174,553 (-40.3%), from €433,378 to €258,824
- Financial income +€107,434
up €107,434 (+1337.9%), from €8,030 to €115,465
- Taxes -€37,268
down €37,268 (-33.0%), from €113,021 to €75,753
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 | €1,692,048 | €1,437,899 | -€254,149 | -15.0% |
| Fixed assets | 21/28 | €1,243,239 | €1,203,572 | -€39,667 | -3.2% |
| Tangible fixed assets | 22/27 | €1,230,663 | €1,190,997 | -€39,667 | -3.2% |
| Land and buildings | 22 | €1,224,422 | €1,186,354 | -€38,068 | -3.1% |
| Furniture and vehicles | 24 | €6,241 | €4,642 | -€1,599 | -25.6% |
| Financial fixed assets | 28 | €12,576 | €12,576 | = | 0.0% |
| Current assets | 29/58 | €448,809 | €234,327 | -€214,482 | -47.8% |
| Amounts receivable after more than one year | 29 | €70,000 | €43,500 | -€26,500 | -37.9% |
| Other amounts receivable | 291 | €70,000 | €43,500 | -€26,500 | -37.9% |
| Amounts receivable within one year | 40/41 | €45,266 | €28,441 | -€16,825 | -37.2% |
| Other amounts receivable | 41 | €45,266 | €28,441 | -€16,825 | -37.2% |
| Current investments | 50/53 | €250,424 | €115,587 | -€134,838 | -53.8% |
| Cash at bank and in hand | 54/58 | €74,010 | €39,730 | -€34,281 | -46.3% |
| Deferred charges and accrued income | 490/1 | €9,108 | €7,069 | -€2,039 | -22.4% |
| Total equity and liabilities | 10/49 | €1,692,048 | €1,437,899 | -€254,149 | -15.0% |
| Equity | 10/15 | €857,487 | €743,164 | -€114,323 | -13.3% |
| Reserves | 13 | €857,487 | €743,164 | -€114,323 | -13.3% |
| Distributable reserves | 133 | €857,487 | €743,164 | -€114,323 | -13.3% |
| Amounts payable | 17/49 | €834,561 | €694,735 | -€139,826 | -16.8% |
| Amounts payable after more than one year | 17 | €680,456 | €634,110 | -€46,346 | -6.8% |
| Financial debts | 170/4 | €680,456 | €634,110 | -€46,346 | -6.8% |
| Amounts payable within one year | 42/48 | €150,886 | €57,300 | -€93,586 | -62.0% |
| Current portion of amounts payable after more than one year | 42 | €77,557 | €53,429 | -€24,128 | -31.1% |
| Financial debts | 43 | €67,000 | - | -€67,000 | |
| Credit institutions | 430/8 | €67,000 | - | -€67,000 | |
| Trade debts | 44 | €2,951 | €382 | -€2,569 | -87.1% |
| Suppliers | 440/4 | €2,951 | €382 | -€2,569 | -87.1% |
| Taxes, remuneration and social security | 45 | €3,378 | €3,489 | +€111 | +3.3% |
| Taxes | 450/3 | €3,378 | €3,489 | +€111 | +3.3% |
| Accrued charges and deferred income | 492/3 | €3,220 | €3,325 | +€105 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,348 | €40,695 | -€653 | -1.6% |
| Other operating charges | 640/8 | €4,806 | €4,056 | -€750 | -15.6% |
| Gross operating margin | 9900 | €433,378 | €258,824 | -€174,553 | -40.3% |
| Operating profit (loss) | 9901 | €387,224 | €214,073 | -€173,151 | -44.7% |
| Financial income | 75/76B | €8,030 | €115,465 | +€107,434 | +1337.9% |
| Recurring financial income | 75 | €8,030 | €115,465 | +€107,434 | +1337.9% |
| Financial charges | 65/66B | €29,956 | €26,960 | -€2,996 | -10.0% |
| Recurring financial charges | 65 | €29,956 | €26,960 | -€2,996 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €365,299 | €302,578 | -€62,721 | -17.2% |
| Income taxes | 67/77 | €113,021 | €75,753 | -€37,268 | -33.0% |
| Profit (loss) for the period | 9904 | €252,278 | €226,825 | -€25,453 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €252,278 | €226,825 | -€25,453 | -10.1% |
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 8 October 2026 via checked.be.