SIMKAT: 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.
SIMKAT
Largest movements
- Tangible fixed assets -€68,024
down €68,024 (-9.8%), from €691,663 to €623,639
of which Plant, machinery and equipment: -€46,620
- Cash -€11,246
down €11,246 (-6.0%), from €188,741 to €177,494
mainly Debts after one year (-€115,607) and Tax, wage and social debts (-€23,821)
- Debts after one year -€115,607
down €115,607 (-21.7%), from €532,934 to €417,327
- Reserves +€87,257
up €87,257 (+41.4%), from €210,977 to €298,234
- Tax, wage and social debts -€23,821
down €23,821 (-75.2%), from €31,681 to €7,860
of which Taxes: -€24,825
- Other debts -€18,581
down €18,581 (-70.4%), from €26,389 to €7,808
- Trade debts -€18,218
down €18,218 (-58.6%), from €31,071 to €12,852
- Gross operating margin +€55,764
up €55,764 (+30.1%), from €185,558 to €241,322
- Depreciation +€12,102
up €12,102 (+15.8%), from €76,556 to €88,658
- Staff costs +€11,449
up €11,449 (+60.8%), from €18,839 to €30,289
- Taxes +€6,891
up €6,891 (+44.0%), from €15,662 to €22,554
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €913,929 | €831,143 | -€82,786 | -9.1% |
| Fixed assets | 21/28 | €691,663 | €623,639 | -€68,024 | -9.8% |
| Tangible fixed assets | 22/27 | €691,663 | €623,639 | -€68,024 | -9.8% |
| Land and buildings | 22 | €392,045 | €381,861 | -€10,184 | -2.6% |
| Plant, machinery and equipment | 23 | €284,860 | €238,240 | -€46,620 | -16.4% |
| Furniture and vehicles | 24 | €14,758 | €3,538 | -€11,220 | -76.0% |
| Current assets | 29/58 | €222,266 | €207,504 | -€14,762 | -6.6% |
| Stocks and contracts in progress | 3 | €10,183 | €13,069 | +€2,886 | +28.3% |
| Stocks | 30/36 | €10,183 | €13,069 | +€2,886 | +28.3% |
| Amounts receivable within one year | 40/41 | €21,284 | €15,860 | -€5,423 | -25.5% |
| Trade receivables | 40 | - | €14,901 | +€14,901 | |
| Other amounts receivable | 41 | €21,284 | €959 | -€20,324 | -95.5% |
| Cash at bank and in hand | 54/58 | €188,741 | €177,494 | -€11,246 | -6.0% |
| Deferred charges and accrued income | 490/1 | €2,060 | €1,081 | -€979 | -47.5% |
| Total equity and liabilities | 10/49 | €913,929 | €831,143 | -€82,786 | -9.1% |
| Equity | 10/15 | €212,977 | €300,234 | +€87,257 | +41.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €210,977 | €298,234 | +€87,257 | +41.4% |
| Distributable reserves | 133 | €210,977 | €298,234 | +€87,257 | +41.4% |
| Amounts payable | 17/49 | €700,952 | €530,909 | -€170,043 | -24.3% |
| Amounts payable after more than one year | 17 | €532,934 | €417,327 | -€115,607 | -21.7% |
| Financial debts | 170/4 | €532,934 | €417,327 | -€115,607 | -21.7% |
| Amounts payable within one year | 42/48 | €168,018 | €113,582 | -€54,437 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €78,877 | €75,607 | -€3,270 | -4.1% |
| Trade debts | 44 | €31,071 | €12,852 | -€18,218 | -58.6% |
| Suppliers | 440/4 | €31,071 | €12,852 | -€18,218 | -58.6% |
| Advances received on contracts in progress | 46 | - | €9,455 | +€9,455 | |
| Taxes, remuneration and social security | 45 | €31,681 | €7,860 | -€23,821 | -75.2% |
| Taxes | 450/3 | €29,646 | €4,821 | -€24,825 | -83.7% |
| Remuneration and social security | 454/9 | €2,035 | €3,039 | +€1,004 | +49.3% |
| Other amounts payable | 47/48 | €26,389 | €7,808 | -€18,581 | -70.4% |
| Remuneration, social security and pensions | 62 | €18,839 | €30,289 | +€11,449 | +60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,556 | €88,658 | +€12,102 | +15.8% |
| Other operating charges | 640/8 | €3,286 | €3,248 | -€37 | -1.1% |
| Gross operating margin | 9900 | €185,558 | €241,322 | +€55,764 | +30.1% |
| Operating profit (loss) | 9901 | €86,878 | €119,127 | +€32,249 | +37.1% |
| Financial income | 75/76B | €999 | €1,003 | +€4 | +0.4% |
| Recurring financial income | 75 | €999 | €1,003 | +€4 | +0.4% |
| Financial charges | 65/66B | €12,073 | €10,320 | -€1,753 | -14.5% |
| Recurring financial charges | 65 | €12,073 | €10,320 | -€1,753 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €75,804 | €109,810 | +€34,007 | +44.9% |
| Income taxes | 67/77 | €15,662 | €22,554 | +€6,891 | +44.0% |
| Profit (loss) for the period | 9904 | €60,141 | €87,257 | +€27,116 | +45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,141 | €87,257 | +€27,116 | +45.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.