Simoen Peter: 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.
Simoen Peter
Largest movements
- Tangible fixed assets -€30,558
down €30,558 (-25.6%), from €119,275 to €88,717
of which Furniture and vehicles: -€29,735
- Receivables within one year +€8,527
up €8,527 (+26.2%), from €32,498 to €41,025
of which Trade receivables: +€8,149
- Cash +€5,969
up €5,969 (+596.9%), from €1,000 to €6,969
mainly Depreciation (+€30,558) and Net result for the year (+€9,372)
- Debts after one year -€18,610
down €18,610 (-39.2%), from €47,428 to €28,818
- Profit (loss) carried forward +€9,372
up €9,372 (+52.0%), from -€18,020 to -€8,648
- Short-term financial debts -€3,900
no longer reported in 2025 (was €3,900)
- Trade debts -€2,394
down €2,394 (-20.5%), from €11,688 to €9,295
- Current portion of long-term debt +€2,097
up €2,097 (+10.5%), from €19,983 to €22,080
- Gross operating margin +€18,906
up €18,906 (+24.3%), from €77,860 to €96,766
- Other operating charges -€10,655
down €10,655 (-89.2%), from €11,939 to €1,285
- Taxes -€8,131
down €8,131 (-78.9%), from €10,310 to €2,178
- Depreciation +€7,043
up €7,043 (+30.0%), from €23,515 to €30,558
- Staff costs +€1,266
up €1,266 (+2.6%), from €48,683 to €49,949
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 | €152,773 | €136,711 | -€16,062 | -10.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €119,275 | €88,717 | -€30,558 | -25.6% |
| Tangible fixed assets | 22/27 | €119,275 | €88,717 | -€30,558 | -25.6% |
| Plant, machinery and equipment | 23 | €2,217 | €1,394 | -€823 | -37.1% |
| Furniture and vehicles | 24 | €117,058 | €87,323 | -€29,735 | -25.4% |
| Current assets | 29/58 | €33,498 | €47,994 | +€14,496 | +43.3% |
| Amounts receivable within one year | 40/41 | €32,498 | €41,025 | +€8,527 | +26.2% |
| Trade receivables | 40 | €32,014 | €40,163 | +€8,149 | +25.5% |
| Other amounts receivable | 41 | €483 | €862 | +€378 | +78.3% |
| Cash at bank and in hand | 54/58 | €1,000 | €6,969 | +€5,969 | +596.9% |
| Total equity and liabilities | 10/49 | €152,773 | €136,711 | -€16,062 | -10.5% |
| Equity | 10/15 | €47,730 | €57,102 | +€9,372 | +19.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €60,750 | €60,750 | = | 0.0% |
| Distributable reserves | 133 | €60,750 | €60,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,020 | -€8,648 | +€9,372 | +52.0% |
| Amounts payable | 17/49 | €105,042 | €79,608 | -€25,434 | -24.2% |
| Amounts payable after more than one year | 17 | €47,428 | €28,818 | -€18,610 | -39.2% |
| Financial debts | 170/4 | €47,428 | €28,818 | -€18,610 | -39.2% |
| Amounts payable within one year | 42/48 | €57,615 | €50,791 | -€6,824 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €19,983 | €22,080 | +€2,097 | +10.5% |
| Financial debts | 43 | €3,900 | - | -€3,900 | |
| Credit institutions | 430/8 | €3,900 | - | -€3,900 | |
| Trade debts | 44 | €11,688 | €9,295 | -€2,394 | -20.5% |
| Suppliers | 440/4 | €11,688 | €9,295 | -€2,394 | -20.5% |
| Taxes, remuneration and social security | 45 | €4,033 | €2,316 | -€1,717 | -42.6% |
| Remuneration and social security | 454/9 | €4,033 | €2,316 | -€1,717 | -42.6% |
| Other amounts payable | 47/48 | €18,011 | €17,101 | -€910 | -5.1% |
| Remuneration, social security and pensions | 62 | €48,683 | €49,949 | +€1,266 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,515 | €30,558 | +€7,043 | +30.0% |
| Other operating charges | 640/8 | €11,939 | €1,285 | -€10,655 | -89.2% |
| Gross operating margin | 9900 | €77,860 | €96,766 | +€18,906 | +24.3% |
| Operating profit (loss) | 9901 | -€6,277 | €14,975 | +€21,252 | |
| Financial income | 75/76B | €768 | €27 | -€741 | -96.5% |
| Recurring financial income | 75 | €768 | €27 | -€741 | -96.5% |
| Financial charges | 65/66B | €2,200 | €3,451 | +€1,251 | +56.8% |
| Recurring financial charges | 65 | €2,200 | €3,451 | +€1,251 | +56.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,710 | €11,551 | +€19,261 | |
| Income taxes | 67/77 | €10,310 | €2,178 | -€8,131 | -78.9% |
| Profit (loss) for the period | 9904 | -€18,020 | €9,372 | +€27,392 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,020 | €9,372 | +€27,392 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.