SIMOENS KIM: 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.
SIMOENS KIM
Largest movements
- Cash -€35,082
down €35,082 (-75.2%), from €46,666 to €11,583
mainly Net result for the year (-€33,412) and Contributions, distributions and other (-€32,789)
- Receivables within one year -€11,283
down €11,283 (-12.5%), from €90,372 to €79,089
of which Other amounts receivable: -€11,283
- Tangible fixed assets -€3,301
down €3,301 (-20.9%), from €15,806 to €12,505
of which Other tangible fixed assets: -€3,055
- Reserves -€66,202
down €66,202 (-47.4%), from €139,743 to €73,542
- Other debts +€31,150
up €31,150, from €0 to €31,150
- Tax, wage and social debts -€15,039
down €15,039 (-64.7%), from €23,259 to €8,219
- Gross operating margin -€46,220
down €46,220, from €15,825 to -€30,394
- Taxes -€3,684
down €3,684 (-93.1%), from €3,958 to €274
- Financial income +€1,565
up €1,565 (+42.6%), from €3,673 to €5,238
- Depreciation -€1,470
down €1,470 (-23.4%), from €6,278 to €4,808
- Other operating charges +€603
up €603 (+72.8%), from €828 to €1,431
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,844 | €133,177 | -€49,667 | -27.2% |
| Fixed assets | 21/28 | €15,806 | €12,505 | -€3,301 | -20.9% |
| Tangible fixed assets | 22/27 | €15,806 | €12,505 | -€3,301 | -20.9% |
| Plant, machinery and equipment | 23 | €809 | €1,690 | +€882 | +109.1% |
| Furniture and vehicles | 24 | €4,141 | €3,013 | -€1,128 | -27.2% |
| Other tangible fixed assets | 26 | €10,857 | €7,802 | -€3,055 | -28.1% |
| Current assets | 29/58 | €167,038 | €120,672 | -€46,366 | -27.8% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €90,372 | €79,089 | -€11,283 | -12.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €90,372 | €79,089 | -€11,283 | -12.5% |
| Cash at bank and in hand | 54/58 | €46,666 | €11,583 | -€35,082 | -75.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €182,844 | €133,177 | -€49,667 | -27.2% |
| Equity | 10/15 | €158,343 | €92,142 | -€66,202 | -41.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €139,743 | €73,542 | -€66,202 | -47.4% |
| Distributable reserves | 133 | €139,743 | €73,542 | -€66,202 | -47.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €24,500 | €41,035 | +€16,535 | +67.5% |
| Amounts payable within one year | 42/48 | €23,866 | €41,035 | +€17,170 | +71.9% |
| Financial debts | 43 | €52 | €0 | -€52 | -100.0% |
| Credit institutions | 430/8 | €52 | €0 | -€52 | -100.0% |
| Trade debts | 44 | €555 | €1,666 | +€1,112 | +200.4% |
| Suppliers | 440/4 | €555 | €1,666 | +€1,112 | +200.4% |
| Taxes, remuneration and social security | 45 | €23,259 | €8,219 | -€15,039 | -64.7% |
| Taxes | 450/3 | €23,259 | €8,219 | -€15,039 | -64.7% |
| Other amounts payable | 47/48 | €0 | €31,150 | +€31,150 | |
| Accrued charges and deferred income | 492/3 | €635 | €0 | -€635 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,278 | €4,808 | -€1,470 | -23.4% |
| Other operating charges | 640/8 | €828 | €1,431 | +€603 | +72.8% |
| Non-recurring operating charges | 66A | €1,490 | €0 | -€1,490 | -100.0% |
| Gross operating margin | 9900 | €15,825 | -€30,394 | -€46,220 | |
| Operating profit (loss) | 9901 | €7,230 | -€36,633 | -€43,863 | |
| Financial income | 75/76B | €3,673 | €5,238 | +€1,565 | +42.6% |
| Recurring financial income | 75 | €3,673 | €5,238 | +€1,565 | +42.6% |
| Financial charges | 65/66B | €1,255 | €1,744 | +€489 | +39.0% |
| Recurring financial charges | 65 | €1,255 | €1,744 | +€489 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | €9,648 | -€33,139 | -€42,787 | |
| Income taxes | 67/77 | €3,958 | €274 | -€3,684 | -93.1% |
| Profit (loss) for the period | 9904 | €5,690 | -€33,412 | -€39,102 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,690 | -€33,412 | -€39,102 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.