SIMO: 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.
SIMO
Largest movements
- Receivables within one year -€66,176
down €66,176 (-57.8%), from €114,495 to €48,319
of which Other amounts receivable: -€74,750
- Cash +€39,248
up €39,248 (+125%), from €31,446 to €70,694
mainly Tax, wage and social debts (+€106,012) and Net result for the year (+€78,473)
- Tangible fixed assets +€6,911
up €6,911 (+40.4%), from €17,111 to €24,022
of which Furniture and vehicles: +€7,183
- Profit (loss) carried forward -€115,527
down €115,527 (-100.0%), from €115,562 to €36
- Tax, wage and social debts +€106,012
up €106,012 (+638%), from €16,629 to €122,641
of which Taxes: +€60,125
- Current portion of long-term debt -€10,000
down €10,000 (-40.0%), from €25,000 to €15,000
- Staff costs +€220,141
up €220,141 (+1,254%), from €17,553 to €237,694
- Gross operating margin +€191,499
up €191,499 (+109%), from €175,154 to €366,652
- Other operating charges +€4,625
up €4,625 (+186%), from €2,483 to €7,108
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 | €164,076 | €143,184 | -€20,892 | -12.7% |
| Formation expenses | 20 | €682 | - | -€682 | |
| Fixed assets | 21/28 | €17,111 | €24,022 | +€6,911 | +40.4% |
| Tangible fixed assets | 22/27 | €17,111 | €24,022 | +€6,911 | +40.4% |
| Plant, machinery and equipment | 23 | €2,510 | €2,238 | -€272 | -10.8% |
| Furniture and vehicles | 24 | €14,601 | €21,784 | +€7,183 | +49.2% |
| Current assets | 29/58 | €146,283 | €119,163 | -€27,120 | -18.5% |
| Amounts receivable within one year | 40/41 | €114,495 | €48,319 | -€66,176 | -57.8% |
| Trade receivables | 40 | €37,123 | €45,697 | +€8,574 | +23.1% |
| Other amounts receivable | 41 | €77,372 | €2,623 | -€74,750 | -96.6% |
| Cash at bank and in hand | 54/58 | €31,446 | €70,694 | +€39,248 | +125% |
| Deferred charges and accrued income | 490/1 | €341 | €149 | -€192 | -56.3% |
| Total equity and liabilities | 10/49 | €164,076 | €143,184 | -€20,892 | -12.7% |
| Equity | 10/15 | €117,562 | €2,036 | -€115,527 | -98.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,562 | €36 | -€115,527 | -100.0% |
| Amounts payable | 17/49 | €46,514 | €141,149 | +€94,635 | +203% |
| Amounts payable within one year | 42/48 | €46,514 | €141,149 | +€94,635 | +203% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €15,000 | -€10,000 | -40.0% |
| Trade debts | 44 | €4,885 | €3,475 | -€1,410 | -28.9% |
| Suppliers | 440/4 | €4,885 | €3,475 | -€1,410 | -28.9% |
| Taxes, remuneration and social security | 45 | €16,629 | €122,641 | +€106,012 | +638% |
| Taxes | 450/3 | €16,222 | €76,347 | +€60,125 | +371% |
| Remuneration and social security | 454/9 | €406 | €46,294 | +€45,887 | +11,293% |
| Other amounts payable | 47/48 | - | €33 | +€33 | |
| Remuneration, social security and pensions | 62 | €17,553 | €237,694 | +€220,141 | +1,254% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,571 | €5,092 | +€2,522 | +98.1% |
| Other operating charges | 640/8 | €2,483 | €7,108 | +€4,625 | +186% |
| Gross operating margin | 9900 | €175,154 | €366,652 | +€191,499 | +109% |
| Operating profit (loss) | 9901 | €152,547 | €116,757 | -€35,790 | -23.5% |
| Financial income | 75/76B | €2,345 | €0 | -€2,345 | -100.0% |
| Recurring financial income | 75 | €2,345 | €0 | -€2,345 | -100.0% |
| Financial charges | 65/66B | €55 | €1,014 | +€959 | +1,730% |
| Recurring financial charges | 65 | €55 | €1,014 | +€959 | +1,730% |
| Profit (loss) for the period before taxes | 9903 | €154,836 | €115,743 | -€39,093 | -25.2% |
| Income taxes | 67/77 | €39,274 | €37,270 | -€2,003 | -5.1% |
| Profit (loss) for the period | 9904 | €115,562 | €78,473 | -€37,089 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €115,562 | €78,473 | -€37,089 | -32.1% |
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.