SIMON-BOIS: 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.
What changed
SIMON-BOIS
NACE 46.832, Wholesale of timber
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€144,195
2024 · €66,455+€77,740
Equity
€3.8m
2024 · €3.7m+€141,794
Cash
€10,894
2024 · €6,799+€4,095
Balance sheet total
€4.7m
2024 · €4.7m+€15,742
Largest movements
Assets
- Tangible fixed assets +€176,459
up €176,459 (+52.7%), from €334,819 to €511,278
of which Plant, machinery and equipment: +€159,354
- Receivables within one year -€157,448
down €157,448 (-20.1%), from €783,520 to €626,071
of which Trade receivables: -€192,498
Equity and liabilities
- Profit (loss) carried forward +€153,976
up €153,976 (+18.1%), from €850,030 to €1.0m
- Debts after one year -€147,261
down €147,261 (-26.6%), from €553,708 to €406,447
Income statement
- Gross operating margin +€152,242
up €152,242 (+41.9%), from €363,376 to €515,618
- Staff costs +€79,578
up €79,578 (+38.7%), from €205,519 to €285,097
- Depreciation +€17,725
up €17,725 (+50.5%), from €35,103 to €52,829
- Financial income -€7,493
down €7,493 (-31.5%), from €23,821 to €16,328
- Financial charges -€6,595
down €6,595 (-13.9%), from €47,345 to €40,750
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.
Result 2024
€66,455
Gross operating margin
+€152,242
Staff costs
-€79,578
Depreciation
-€17,725
Other operating charges
-€1,412
Other operating items
+€25,110
Financial income
-€7,493
Financial charges
+€6,595
Result 2025
€144,195
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€349,869
Investment
-€229,288
Financing
-€116,486
Cash 2024
€6,799
From operations (derived)
+€349,869
Net result for the year
+€144,195
Depreciation
+€52,829
Receivables within one year
+€157,448
Deferred charges and accrued income
+€7,364
Provisions
-€4,653
Trade debts
+€1,282
Tax, wage and social debts
-€4,868
Accrued charges and deferred income
-€3,729
Investment (derived)
-€229,288
Investment in fixed assets (net)
-€229,288
Financing
-€116,486
Debts after one year
-€147,261
Current portion of long-term debt
+€33,176
Contributions, distributions and other
-€2,402
Cash 2025
€10,894
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,732,502 | €4,748,244 | +€15,742 | +0.3% |
| Fixed assets | 21/28 | €3,934,819 | €4,111,278 | +€176,459 | +4.5% |
| Tangible fixed assets | 22/27 | €334,819 | €511,278 | +€176,459 | +52.7% |
| Land and buildings | 22 | €300,474 | €322,179 | +€21,705 | +7.2% |
| Plant, machinery and equipment | 23 | €18,745 | €178,099 | +€159,354 | +850% |
| Furniture and vehicles | 24 | €15,600 | €11,000 | -€4,600 | -29.5% |
| Financial fixed assets | 28 | €3,600,000 | €3,600,000 | = | 0.0% |
| Current assets | 29/58 | €797,683 | €636,966 | -€160,717 | -20.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €783,520 | €626,071 | -€157,448 | -20.1% |
| Trade receivables | 40 | €219,937 | €27,439 | -€192,498 | -87.5% |
| Other amounts receivable | 41 | €563,583 | €598,632 | +€35,049 | +6.2% |
| Cash at bank and in hand | 54/58 | €6,799 | €10,894 | +€4,095 | +60.2% |
| Deferred charges and accrued income | 490/1 | €7,364 | €0 | -€7,364 | -100% |
| Total equity and liabilities | 10/49 | €4,732,502 | €4,748,244 | +€15,742 | +0.3% |
| Equity | 10/15 | €3,693,865 | €3,835,658 | +€141,794 | +3.8% |
| Contributions | 10/11 | €1,584,701 | €1,584,701 | = | 0.0% |
| Reserves | 13 | €1,243,416 | €1,233,636 | -€9,780 | -0.8% |
| Non-distributable reserves | 130/1 | €744 | €0 | -€744 | -100% |
| Own shares acquired | 1312 | €744 | €0 | -€744 | -100% |
| Tax-exempt reserves | 132 | €146,902 | €137,865 | -€9,037 | -6.2% |
| Distributable reserves | 133 | €1,095,771 | €1,095,771 | = | 0.0% |
| Profit (loss) carried forward | 14 | €850,030 | €1,004,005 | +€153,976 | +18.1% |
| Investment grants | 15 | €15,718 | €13,316 | -€2,402 | -15.3% |
| Provisions and deferred taxes | 16 | €56,458 | €51,804 | -€4,653 | -8.2% |
| Deferred taxes | 168 | €56,458 | €51,804 | -€4,653 | -8.2% |
| Amounts payable | 17/49 | €982,180 | €860,781 | -€121,399 | -12.4% |
| Amounts payable after more than one year | 17 | €553,708 | €406,447 | -€147,261 | -26.6% |
| Financial debts | 170/4 | €553,708 | €406,447 | -€147,261 | -26.6% |
| Amounts payable within one year | 42/48 | €424,744 | €454,334 | +€29,591 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €44,731 | €77,907 | +€33,176 | +74.2% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €82,858 | €84,140 | +€1,282 | +1.5% |
| Suppliers | 440/4 | €82,858 | €84,140 | +€1,282 | +1.5% |
| Taxes, remuneration and social security | 45 | €47,155 | €42,287 | -€4,868 | -10.3% |
| Taxes | 450/3 | €17,006 | €1,219 | -€15,787 | -92.8% |
| Remuneration and social security | 454/9 | €30,149 | €41,068 | +€10,919 | +36.2% |
| Accrued charges and deferred income | 492/3 | €3,729 | €0 | -€3,729 | -100% |
| Non-recurring operating income | 76A | - | €609 | +€609 | |
| Remuneration, social security and pensions | 62 | €205,519 | €285,097 | +€79,578 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,103 | €52,829 | +€17,725 | +50.5% |
| Other operating charges | 640/8 | €12,317 | €13,729 | +€1,412 | +11.5% |
| Non-recurring operating charges | 66A | €25,110 | €0 | -€25,110 | -100% |
| Gross operating margin | 9900 | €363,376 | €515,618 | +€152,242 | +41.9% |
| Operating profit (loss) | 9901 | €85,326 | €163,964 | +€78,638 | +92.2% |
| Financial income | 75/76B | €23,821 | €16,328 | -€7,493 | -31.5% |
| Recurring financial income | 75 | €23,821 | €16,328 | -€7,493 | -31.5% |
| Financial charges | 65/66B | €47,345 | €40,750 | -€6,595 | -13.9% |
| Recurring financial charges | 65 | €47,345 | €40,750 | -€6,595 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €61,802 | €139,542 | +€77,740 | +126% |
| Transfer from deferred taxes | 780 | €4,653 | €4,653 | = | 0.0% |
| Profit (loss) for the period | 9904 | €66,455 | €144,195 | +€77,740 | +117% |
| Transfer from tax-exempt reserves | 789 | €9,037 | €9,037 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,492 | €153,232 | +€77,740 | +103% |
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 18 October 2026 via checked.be.