Simkin: 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.
Simkin
Largest movements
- Receivables within one year +€42,852
up €42,852 (+1562.4%), from €2,743 to €45,595
of which Other amounts receivable: +€43,114
- Deferred charges and accrued income -€7,682
down €7,682 (-100.0%), from €7,682 to €0
- Tangible fixed assets -€6,735
down €6,735 (-27.5%), from €24,470 to €17,735
- Cash +€1,662
up €1,662 (+3.2%), from €52,697 to €54,359
mainly Net result for the year (+€39,811) and Deferred charges and accrued income (+€7,682)
- Profit (loss) carried forward +€39,811
up €39,811 (+66.3%), from €60,028 to €99,839
- Debts after one year -€4,377
down €4,377 (-100.0%), from €4,377 to €0
- Current portion of long-term debt -€4,120
down €4,120 (-48.5%), from €8,497 to €4,377
- Gross operating margin +€5,719
up €5,719 (+11.3%), from €50,431 to €56,150
- Financial income +€1,075
up €1,075 (+206.5%), from €521 to €1,595
- Taxes -€999
down €999 (-8.7%), from €11,433 to €10,434
- Depreciation +€665
up €665 (+10.9%), from €6,071 to €6,735
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 | €87,592 | €117,689 | +€30,097 | +34.4% |
| Fixed assets | 21/28 | €24,470 | €17,735 | -€6,735 | -27.5% |
| Tangible fixed assets | 22/27 | €24,470 | €17,735 | -€6,735 | -27.5% |
| Furniture and vehicles | 24 | €24,470 | €17,735 | -€6,735 | -27.5% |
| Current assets | 29/58 | €63,122 | €99,954 | +€36,832 | +58.4% |
| Amounts receivable within one year | 40/41 | €2,743 | €45,595 | +€42,852 | +1562.4% |
| Trade receivables | 40 | €261 | €0 | -€261 | -100.0% |
| Other amounts receivable | 41 | €2,481 | €45,595 | +€43,114 | +1737.4% |
| Cash at bank and in hand | 54/58 | €52,697 | €54,359 | +€1,662 | +3.2% |
| Deferred charges and accrued income | 490/1 | €7,682 | €0 | -€7,682 | -100.0% |
| Total equity and liabilities | 10/49 | €87,592 | €117,689 | +€30,097 | +34.4% |
| Equity | 10/15 | €63,028 | €102,839 | +€39,811 | +63.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,028 | €99,839 | +€39,811 | +66.3% |
| Amounts payable | 17/49 | €24,565 | €14,851 | -€9,714 | -39.5% |
| Amounts payable after more than one year | 17 | €4,377 | €0 | -€4,377 | -100.0% |
| Financial debts | 170/4 | €4,377 | €0 | -€4,377 | -100.0% |
| Amounts payable within one year | 42/48 | €20,187 | €14,851 | -€5,336 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €8,497 | €4,377 | -€4,120 | -48.5% |
| Trade debts | 44 | €449 | €197 | -€252 | -56.2% |
| Suppliers | 440/4 | €449 | €197 | -€252 | -56.2% |
| Taxes, remuneration and social security | 45 | €11,241 | €10,277 | -€965 | -8.6% |
| Taxes | 450/3 | €11,241 | €10,277 | -€965 | -8.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,071 | €6,735 | +€665 | +10.9% |
| Other operating charges | 640/8 | €118 | €279 | +€161 | +136.4% |
| Gross operating margin | 9900 | €50,431 | €56,150 | +€5,719 | +11.3% |
| Operating profit (loss) | 9901 | €44,242 | €49,136 | +€4,894 | +11.1% |
| Financial income | 75/76B | €521 | €1,595 | +€1,075 | +206.5% |
| Recurring financial income | 75 | €521 | €1,595 | +€1,075 | +206.5% |
| Financial charges | 65/66B | €776 | €486 | -€290 | -37.3% |
| Recurring financial charges | 65 | €776 | €486 | -€290 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €43,987 | €50,245 | +€6,258 | +14.2% |
| Income taxes | 67/77 | €11,433 | €10,434 | -€999 | -8.7% |
| Profit (loss) for the period | 9904 | €32,554 | €39,811 | +€7,257 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,554 | €39,811 | +€7,257 | +22.3% |
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 5 October 2026 via checked.be.