Simmax: what changed
Two financial 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.
Simmax
Largest movements
- Receivables within one year +€29,493
up €29,493 (+100%), from €29,372 to €58,866
of which Trade receivables: +€39,077
- Tangible fixed assets -€28,131
down €28,131 (-34.1%), from €82,465 to €54,334
of which Furniture and vehicles: -€29,852
- Cash -€20,543
down €20,543 (-74.6%), from €27,555 to €7,012
mainly Contributions, distributions and other (-€61,782) and Receivables within one year (-€29,493)
- Other debts +€43,071
up €43,071 (+252%), from €17,091 to €60,162
- Reserves -€41,292
down €41,292 (-98.8%), from €41,792 to €500
of which Distributable reserves: -€41,292
- Debts after one year -€23,985
down €23,985 (-49.0%), from €48,941 to €24,956
- Tax, wage and social debts +€5,156
up €5,156 (+618%), from €834 to €5,990
- Trade debts -€2,808
down €2,808 (-57.9%), from €4,847 to €2,039
- Gross operating margin +€22,671
up €22,671 (+57.7%), from €39,286 to €61,957
- Taxes +€4,073
up €4,073 (+120%), from €3,392 to €7,466
- Financial charges -€1,329
down €1,329 (-30.6%), from €4,348 to €3,018
- Depreciation +€818
up €818 (+2.8%), from €29,461 to €30,279
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.
Derived cash bridge
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 | €142,046 | €122,631 | -€19,415 | -13.7% |
| Fixed assets | 21/28 | €82,465 | €54,334 | -€28,131 | -34.1% |
| Tangible fixed assets | 22/27 | €82,465 | €54,334 | -€28,131 | -34.1% |
| Plant, machinery and equipment | 23 | - | €1,720 | +€1,720 | |
| Furniture and vehicles | 24 | €82,465 | €52,614 | -€29,852 | -36.2% |
| Current assets | 29/58 | €59,581 | €68,297 | +€8,716 | +14.6% |
| Amounts receivable within one year | 40/41 | €29,372 | €58,866 | +€29,493 | +100% |
| Trade receivables | 40 | €2,329 | €41,406 | +€39,077 | +1,678% |
| Other amounts receivable | 41 | €27,043 | €17,460 | -€9,584 | -35.4% |
| Cash at bank and in hand | 54/58 | €27,555 | €7,012 | -€20,543 | -74.6% |
| Deferred charges and accrued income | 490/1 | €2,654 | €2,420 | -€234 | -8.8% |
| Total equity and liabilities | 10/49 | €142,046 | €122,631 | -€19,415 | -13.7% |
| Equity | 10/15 | €46,792 | €5,500 | -€41,292 | -88.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €41,792 | €500 | -€41,292 | -98.8% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €41,292 | - | -€41,292 | |
| Amounts payable | 17/49 | €95,254 | €117,131 | +€21,877 | +23.0% |
| Amounts payable after more than one year | 17 | €48,941 | €24,956 | -€23,985 | -49.0% |
| Financial debts | 170/4 | €48,941 | €24,956 | -€23,985 | -49.0% |
| Amounts payable within one year | 42/48 | €45,975 | €92,175 | +€46,201 | +100% |
| Current portion of amounts payable after more than one year | 42 | €23,203 | €23,985 | +€782 | +3.4% |
| Trade debts | 44 | €4,847 | €2,039 | -€2,808 | -57.9% |
| Suppliers | 440/4 | €4,847 | €2,039 | -€2,808 | -57.9% |
| Taxes, remuneration and social security | 45 | €834 | €5,990 | +€5,156 | +618% |
| Taxes | 450/3 | €834 | €5,990 | +€5,156 | +618% |
| Other amounts payable | 47/48 | €17,091 | €60,162 | +€43,071 | +252% |
| Accrued charges and deferred income | 492/3 | €338 | - | -€338 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,461 | €30,279 | +€818 | +2.8% |
| Other operating charges | 640/8 | €760 | €704 | -€56 | -7.4% |
| Gross operating margin | 9900 | €39,286 | €61,957 | +€22,671 | +57.7% |
| Operating profit (loss) | 9901 | €9,065 | €30,974 | +€21,909 | +242% |
| Financial income | 75/76B | €115 | - | -€115 | |
| Recurring financial income | 75 | €115 | - | -€115 | |
| Financial charges | 65/66B | €4,348 | €3,018 | -€1,329 | -30.6% |
| Recurring financial charges | 65 | €4,348 | €3,018 | -€1,329 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €4,832 | €27,956 | +€23,124 | +479% |
| Income taxes | 67/77 | €3,392 | €7,466 | +€4,073 | +120% |
| Profit (loss) for the period | 9904 | €1,439 | €20,490 | +€19,051 | +1,324% |
| Profit (loss) for the period to be appropriated | 9905 | €1,439 | €20,490 | +€19,051 | +1,324% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.