SIMKHO: 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.
SIMKHO
Largest movements
- Receivables within one year +€113,783
up €113,783 (+284458.3%), from €40 to €113,823
of which Trade receivables: +€113,576
- Tangible fixed assets -€105,783
down €105,783 (-5.7%), from €1.9m to €1.8m
of which Land and buildings: -€85,959
- Cash +€64,296
up €64,296 (+27.7%), from €231,847 to €296,143
mainly Depreciation (+€134,001) and Advances received (+€106,987)
- Advances received +€106,987
up €106,987 (+275.5%), from €38,836 to €145,824
- Debts after one year -€64,325
down €64,325 (-4.2%), from €1.5m to €1.5m
of which Financial debts: -€64,325
- Profit (loss) carried forward +€40,096
up €40,096 (+10.8%), from -€370,717 to -€330,621
- Gross operating margin +€8,455
up €8,455 (+4.5%), from €186,683 to €195,138
- Financial charges -€2,058
down €2,058 (-17.0%), from €12,131 to €10,073
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 | €2,102,120 | €2,175,330 | +€73,210 | +3.5% |
| Fixed assets | 21/28 | €1,867,869 | €1,762,086 | -€105,783 | -5.7% |
| Tangible fixed assets | 22/27 | €1,867,869 | €1,762,086 | -€105,783 | -5.7% |
| Land and buildings | 22 | €1,768,871 | €1,682,912 | -€85,959 | -4.9% |
| Plant, machinery and equipment | 23 | €395 | €3,602 | +€3,207 | +811.9% |
| Furniture and vehicles | 24 | €88,118 | €69,024 | -€19,094 | -21.7% |
| Other tangible fixed assets | 26 | €10,485 | €6,548 | -€3,937 | -37.6% |
| Current assets | 29/58 | €234,252 | €413,245 | +€178,993 | +76.4% |
| Amounts receivable within one year | 40/41 | €40 | €113,823 | +€113,783 | +284458.3% |
| Trade receivables | 40 | €40 | €113,616 | +€113,576 | +283940.4% |
| Other amounts receivable | 41 | - | €207 | +€207 | |
| Cash at bank and in hand | 54/58 | €231,847 | €296,143 | +€64,296 | +27.7% |
| Deferred charges and accrued income | 490/1 | €2,365 | €3,278 | +€914 | +38.6% |
| Total equity and liabilities | 10/49 | €2,102,120 | €2,175,330 | +€73,210 | +3.5% |
| Equity | 10/15 | €429,283 | €469,379 | +€40,096 | +9.3% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€370,717 | -€330,621 | +€40,096 | +10.8% |
| Amounts payable | 17/49 | €1,672,837 | €1,705,951 | +€33,114 | +2.0% |
| Amounts payable after more than one year | 17 | €1,544,805 | €1,480,480 | -€64,325 | -4.2% |
| Financial debts | 170/4 | €664,805 | €600,480 | -€64,325 | -9.7% |
| Other amounts payable | 178/9 | €880,000 | €880,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €127,991 | €224,529 | +€96,538 | +75.4% |
| Current portion of amounts payable after more than one year | 42 | €65,912 | €64,325 | -€1,587 | -2.4% |
| Trade debts | 44 | €20,829 | €7,324 | -€13,504 | -64.8% |
| Suppliers | 440/4 | €20,829 | €7,324 | -€13,504 | -64.8% |
| Advances received on contracts in progress | 46 | €38,836 | €145,824 | +€106,987 | +275.5% |
| Taxes, remuneration and social security | 45 | €2,215 | €6,856 | +€4,641 | +209.6% |
| Taxes | 450/3 | €965 | €6,856 | +€5,891 | +610.8% |
| Remuneration and social security | 454/9 | €1,250 | - | -€1,250 | |
| Other amounts payable | 47/48 | €200 | €200 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €40 | €942 | +€902 | +2247.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,857 | €134,001 | +€144 | +0.1% |
| Other operating charges | 640/8 | €11,812 | €10,968 | -€844 | -7.1% |
| Gross operating margin | 9900 | €186,683 | €195,138 | +€8,455 | +4.5% |
| Operating profit (loss) | 9901 | €41,014 | €50,169 | +€9,155 | +22.3% |
| Financial income | 75/76B | €46 | €0 | -€46 | -100.0% |
| Recurring financial income | 75 | €46 | €0 | -€46 | -100.0% |
| Financial charges | 65/66B | €12,131 | €10,073 | -€2,058 | -17.0% |
| Recurring financial charges | 65 | €12,131 | €10,073 | -€2,058 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €28,929 | €40,096 | +€11,167 | +38.6% |
| Profit (loss) for the period | 9904 | €28,929 | €40,096 | +€11,167 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,929 | €40,096 | +€11,167 | +38.6% |
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.