SimNco: 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.
SimNco
Largest movements
- Receivables within one year +€7.9m
up €7.9m (+47,656%), from €16,671 to €8.0m
of which Other amounts receivable: +€8.0m
- Cash -€209,016
down €209,016 (-83.3%), from €250,930 to €41,914
mainly Receivables within one year (-€7.9m) and Contributions, distributions and other (-€950,000)
- Reserves +€7.2m
up €7.2m, from €0 to €7.2m
- Other debts +€571,349
up €571,349 (+229%), from €249,965 to €821,313
- Financial income +€8.0m
up €8.0m (+6,365%), from €125,010 to €8.1m
of which Non-recurring financial income: +€8.0m
- Taxes +€4,139
up €4,139 (+31.1%), from €13,329 to €17,469
- Gross operating margin +€2,161
up €2,161 (+3.5%), from €61,273 to €63,434
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 | €278,738 | €8,023,709 | +€7.7m | +2,779% |
| Fixed assets | 21/28 | €11,137 | €18,518 | +€7,381 | +66.3% |
| Tangible fixed assets | 22/27 | €6,637 | €3,645 | -€2,993 | -45.1% |
| Plant, machinery and equipment | 23 | €3,523 | €1,723 | -€1,800 | -51.1% |
| Furniture and vehicles | 24 | €2,835 | €1,897 | -€938 | -33.1% |
| Other tangible fixed assets | 26 | €280 | €25 | -€255 | -91.2% |
| Financial fixed assets | 28 | €4,500 | €14,874 | +€10,374 | +231% |
| Current assets | 29/58 | €267,601 | €8,005,191 | +€7.7m | +2,891% |
| Amounts receivable within one year | 40/41 | €16,671 | €7,961,250 | +€7.9m | +47,656% |
| Trade receivables | 40 | €15,000 | €0 | -€15,000 | -100% |
| Other amounts receivable | 41 | €1,671 | €7,961,250 | +€8.0m | +476,456% |
| Cash at bank and in hand | 54/58 | €250,930 | €41,914 | -€209,016 | -83.3% |
| Deferred charges and accrued income | 490/1 | €0 | €2,027 | +€2,027 | |
| Total equity and liabilities | 10/49 | €278,738 | €8,023,709 | +€7.7m | +2,779% |
| Equity | 10/15 | €18,831 | €7,192,025 | +€7.2m | +38,093% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €0 | €7,150,000 | +€7.2m | |
| Distributable reserves | 133 | €0 | €7,150,000 | +€7.2m | |
| Profit (loss) carried forward | 14 | €281 | €23,475 | +€23,195 | +8,266% |
| Amounts payable | 17/49 | €259,908 | €831,684 | +€571,776 | +220% |
| Amounts payable within one year | 42/48 | €259,908 | €831,684 | +€571,776 | +220% |
| Trade debts | 44 | €4,317 | €1,422 | -€2,895 | -67.1% |
| Suppliers | 440/4 | €4,317 | €1,422 | -€2,895 | -67.1% |
| Taxes, remuneration and social security | 45 | €5,626 | €8,949 | +€3,323 | +59.1% |
| Taxes | 450/3 | €5,626 | €8,949 | +€3,323 | +59.1% |
| Other amounts payable | 47/48 | €249,965 | €821,313 | +€571,349 | +229% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,136 | €2,993 | -€144 | -4.6% |
| Other operating charges | 640/8 | €1,436 | €1,288 | -€148 | -10.3% |
| Gross operating margin | 9900 | €61,273 | €63,434 | +€2,161 | +3.5% |
| Operating profit (loss) | 9901 | €56,701 | €59,153 | +€2,452 | +4.3% |
| Financial income | 75/76B | €125,010 | €8,081,750 | +€8.0m | +6,365% |
| Recurring financial income | 75 | €125,010 | €125,000 | -€10 | 0.0% |
| Non-recurring financial income | 76B | - | €7,956,750 | +€8.0m | |
| Financial charges | 65/66B | €206 | €239 | +€33 | +16.1% |
| Recurring financial charges | 65 | €206 | €239 | +€33 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €181,505 | €8,140,664 | +€8.0m | +4,385% |
| Income taxes | 67/77 | €13,329 | €17,469 | +€4,139 | +31.1% |
| Profit (loss) for the period | 9904 | €168,175 | €8,123,195 | +€8.0m | +4,730% |
| Profit (loss) for the period to be appropriated | 9905 | €168,175 | €8,123,195 | +€8.0m | +4,730% |
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.