SiMMiT: 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.
SiMMiT
Largest movements
- Tangible fixed assets +€480,288
up €480,288 (+41.3%), from €1.2m to €1.6m
of which Land and buildings: +€458,506
- Cash -€106,017
down €106,017 (-70.5%), from €150,385 to €44,367
mainly Investment in fixed assets (net) (-€544,772) and Receivables within one year (-€50,590)
- Receivables within one year +€50,590
up €50,590 (+347%), from €14,590 to €65,180
of which Trade receivables: +€29,564
- Debts after one year +€241,904
up €241,904 (+40.4%), from €598,095 to €839,999
- Trade debts +€90,538
up €90,538 (+3,112%), from €2,909 to €93,447
- Reserves +€38,122
up €38,122 (+14.8%), from €256,940 to €295,062
- Other debts +€37,490
up €37,490 (+8.7%), from €433,357 to €470,847
- Current portion of long-term debt +€18,731
up €18,731 (+73.9%), from €25,331 to €44,062
- Depreciation +€25,009
up €25,009 (+67.0%), from €37,307 to €62,315
- Taxes -€20,419
down €20,419 (-83.7%), from €24,388 to €3,969
- Gross operating margin -€12,760
down €12,760 (-8.1%), from €156,710 to €143,950
- Financial charges +€7,000
up €7,000 (+30.6%), from €22,883 to €29,882
- Staff costs +€5,374
new in 2025: €5,374
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 | €1,331,771 | €1,757,706 | +€425,936 | +32.0% |
| Fixed assets | 21/28 | €1,165,449 | €1,647,906 | +€482,456 | +41.4% |
| Intangible fixed assets | 21 | €448 | €2,616 | +€2,168 | +484% |
| Tangible fixed assets | 22/27 | €1,164,001 | €1,644,290 | +€480,288 | +41.3% |
| Land and buildings | 22 | €1,128,302 | €1,586,808 | +€458,506 | +40.6% |
| Plant, machinery and equipment | 23 | €35,699 | €57,481 | +€21,782 | +61.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €166,321 | €109,800 | -€56,521 | -34.0% |
| Amounts receivable within one year | 40/41 | €14,590 | €65,180 | +€50,590 | +347% |
| Trade receivables | 40 | €14,585 | €44,149 | +€29,564 | +203% |
| Other amounts receivable | 41 | €6 | €21,031 | +€21,025 | +356,969% |
| Cash at bank and in hand | 54/58 | €150,385 | €44,367 | -€106,017 | -70.5% |
| Deferred charges and accrued income | 490/1 | €1,346 | €253 | -€1,093 | -81.2% |
| Total equity and liabilities | 10/49 | €1,331,771 | €1,757,706 | +€425,936 | +32.0% |
| Equity | 10/15 | €257,940 | €296,062 | +€38,122 | +14.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €256,940 | €295,062 | +€38,122 | +14.8% |
| Distributable reserves | 133 | €256,940 | €295,062 | +€38,122 | +14.8% |
| Amounts payable | 17/49 | €1,073,830 | €1,461,644 | +€387,814 | +36.1% |
| Amounts payable after more than one year | 17 | €598,095 | €839,999 | +€241,904 | +40.4% |
| Financial debts | 170/4 | €598,095 | €839,999 | +€241,904 | +40.4% |
| Amounts payable within one year | 42/48 | €475,405 | €621,164 | +€145,759 | +30.7% |
| Current portion of amounts payable after more than one year | 42 | €25,331 | €44,062 | +€18,731 | +73.9% |
| Trade debts | 44 | €2,909 | €93,447 | +€90,538 | +3,112% |
| Suppliers | 440/4 | €2,909 | €93,447 | +€90,538 | +3,112% |
| Advances received on contracts in progress | 46 | - | €150 | +€150 | |
| Taxes, remuneration and social security | 45 | €13,808 | €12,657 | -€1,150 | -8.3% |
| Taxes | 450/3 | €13,808 | €12,312 | -€1,496 | -10.8% |
| Remuneration and social security | 454/9 | - | €346 | +€346 | |
| Other amounts payable | 47/48 | €433,357 | €470,847 | +€37,490 | +8.7% |
| Accrued charges and deferred income | 492/3 | €331 | €481 | +€150 | +45.5% |
| Remuneration, social security and pensions | 62 | - | €5,374 | +€5,374 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,307 | €62,315 | +€25,009 | +67.0% |
| Other operating charges | 640/8 | €3,949 | €4,288 | +€339 | +8.6% |
| Gross operating margin | 9900 | €156,710 | €143,950 | -€12,760 | -8.1% |
| Operating profit (loss) | 9901 | €115,455 | €71,973 | -€43,482 | -37.7% |
| Financial income | 75/76B | €235 | €0 | -€235 | -100.0% |
| Recurring financial income | 75 | €235 | €0 | -€235 | -100.0% |
| Financial charges | 65/66B | €22,883 | €29,882 | +€7,000 | +30.6% |
| Recurring financial charges | 65 | €22,883 | €29,882 | +€7,000 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | €92,807 | €42,090 | -€50,716 | -54.6% |
| Income taxes | 67/77 | €24,388 | €3,969 | -€20,419 | -83.7% |
| Profit (loss) for the period | 9904 | €68,419 | €38,122 | -€30,297 | -44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,419 | €38,122 | -€30,297 | -44.3% |
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 14 October 2026 via checked.be.