SIMOFOOD: what changed
Two fiscal 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.
SIMOFOOD
Largest movements
- Tangible fixed assets -€46,429
down €46,429 (-11.6%), from €398,941 to €352,512
of which Plant, machinery and equipment: -€24,654
- Cash -€29,839
down €29,839 (-42.3%), from €70,485 to €40,646
mainly Net result for the year (-€48,979) and Debts after one year (-€39,040)
- Stocks and contracts -€8,287
down €8,287 (-68.4%), from €12,108 to €3,821
of which Stocks: -€10,465
- Profit (loss) carried forward -€48,979
down €48,979 (-3169.3%), from -€1,545 to -€50,525
- Debts after one year -€39,040
down €39,040 (-19.2%), from €202,908 to €163,868
- Trade debts +€28,522
up €28,522 (+333.1%), from €8,562 to €37,084
- Other debts -€28,097
down €28,097 (-46.3%), from €60,708 to €32,611
- Tax, wage and social debts +€9,455
up €9,455 (+26.6%), from €35,609 to €45,063
of which Remuneration and social security: +€10,692
- Gross operating margin -€63,367
down €63,367 (-14.1%), from €450,414 to €387,048
- Depreciation -€15,421
down €15,421 (-24.2%), from €63,850 to €48,429
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 | €510,219 | €423,565 | -€86,654 | -17.0% |
| Fixed assets | 21/28 | €422,250 | €373,821 | -€48,429 | -11.5% |
| Intangible fixed assets | 21 | €17,158 | €15,158 | -€2,000 | -11.7% |
| Tangible fixed assets | 22/27 | €398,941 | €352,512 | -€46,429 | -11.6% |
| Plant, machinery and equipment | 23 | €215,857 | €191,203 | -€24,654 | -11.4% |
| Furniture and vehicles | 24 | €54,210 | €47,343 | -€6,867 | -12.7% |
| Leasing and similar rights | 25 | €128,874 | €113,967 | -€14,908 | -11.6% |
| Financial fixed assets | 28 | €6,150 | €6,150 | = | 0.0% |
| Current assets | 29/58 | €87,969 | €49,744 | -€38,225 | -43.5% |
| Stocks and contracts in progress | 3 | €12,108 | €3,821 | -€8,287 | -68.4% |
| Stocks | 30/36 | €12,000 | €1,535 | -€10,465 | -87.2% |
| Contracts in progress | 37 | €108 | €2,286 | +€2,178 | +2016.9% |
| Amounts receivable within one year | 40/41 | €5,192 | €5,277 | +€85 | +1.6% |
| Other amounts receivable | 41 | €5,192 | €5,277 | +€85 | +1.6% |
| Cash at bank and in hand | 54/58 | €70,485 | €40,646 | -€29,839 | -42.3% |
| Deferred charges and accrued income | 490/1 | €183 | - | -€183 | |
| Total equity and liabilities | 10/49 | €510,219 | €423,565 | -€86,654 | -17.0% |
| Equity | 10/15 | €160,745 | €104,845 | -€55,900 | -34.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,545 | -€50,525 | -€48,979 | -3169.3% |
| Investment grants | 15 | €62,291 | €55,370 | -€6,921 | -11.1% |
| Amounts payable | 17/49 | €349,474 | €318,720 | -€30,754 | -8.8% |
| Amounts payable after more than one year | 17 | €202,908 | €163,868 | -€39,040 | -19.2% |
| Financial debts | 170/4 | €202,908 | €163,868 | -€39,040 | -19.2% |
| Amounts payable within one year | 42/48 | €146,565 | €154,852 | +€8,287 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €41,686 | €40,093 | -€1,593 | -3.8% |
| Trade debts | 44 | €8,562 | €37,084 | +€28,522 | +333.1% |
| Suppliers | 440/4 | €8,562 | €37,084 | +€28,522 | +333.1% |
| Taxes, remuneration and social security | 45 | €35,609 | €45,063 | +€9,455 | +26.6% |
| Taxes | 450/3 | €17,387 | €16,149 | -€1,238 | -7.1% |
| Remuneration and social security | 454/9 | €18,222 | €28,914 | +€10,692 | +58.7% |
| Other amounts payable | 47/48 | €60,708 | €32,611 | -€28,097 | -46.3% |
| Remuneration, social security and pensions | 62 | €326,411 | €327,095 | +€683 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,850 | €48,429 | -€15,421 | -24.2% |
| Other operating charges | 640/8 | €13,551 | €13,912 | +€361 | +2.7% |
| Gross operating margin | 9900 | €450,414 | €387,048 | -€63,367 | -14.1% |
| Operating profit (loss) | 9901 | €46,602 | -€2,388 | -€48,990 | |
| Financial income | 75/76B | €6,921 | €6,921 | = | 0.0% |
| Recurring financial income | 75 | €6,921 | €6,921 | = | 0.0% |
| Financial charges | 65/66B | €53,397 | €52,909 | -€489 | -0.9% |
| Recurring financial charges | 65 | €53,397 | €52,909 | -€489 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €126 | -€48,375 | -€48,501 | |
| Income taxes | 67/77 | €1,671 | €604 | -€1,067 | -63.9% |
| Profit (loss) for the period | 9904 | -€1,545 | -€48,979 | -€47,434 | -3069.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,545 | -€48,979 | -€47,434 | -3069.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.