SIMON D: 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.
SIMON D
Largest movements
- Receivables within one year -€81,676
down €81,676 (-23.0%), from €355,254 to €273,578
of which Trade receivables: -€66,328
- Tangible fixed assets -€59,297
down €59,297 (-14.6%), from €405,870 to €346,573
of which Leasing and similar rights: -€36,903
- Cash +€28,546
up €28,546 (+150.6%), from €18,960 to €47,506
mainly Depreciation (+€84,497) and Receivables within one year (+€81,676)
- Debts after one year -€84,201
down €84,201 (-34.5%), from €243,943 to €159,741
- Trade debts -€70,551
down €70,551 (-63.3%), from €111,514 to €40,963
- Reserves +€45,181
up €45,181 (+82.0%), from €55,082 to €100,263
of which Distributable reserves: +€45,181
- Current portion of long-term debt -€32,498
down €32,498 (-27.9%), from €116,668 to €84,170
- Tax, wage and social debts +€31,693
up €31,693 (+223.9%), from €14,154 to €45,847
of which Taxes: +€27,035
- Depreciation -€37,174
down €37,174 (-30.6%), from €121,671 to €84,497
- Taxes +€20,611
up €20,611 (+7613.1%), from €271 to €20,882
- Staff costs -€18,933
down €18,933 (-9.5%), from €198,922 to €179,989
- Gross operating margin +€17,133
up €17,133 (+5.1%), from €336,908 to €354,040
- Financial charges -€5,843
down €5,843 (-20.8%), from €28,143 to €22,300
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 | €813,829 | €697,744 | -€116,084 | -14.3% |
| Fixed assets | 21/28 | €405,870 | €346,573 | -€59,297 | -14.6% |
| Tangible fixed assets | 22/27 | €405,870 | €346,573 | -€59,297 | -14.6% |
| Plant, machinery and equipment | 23 | €19,690 | €27,051 | +€7,361 | +37.4% |
| Furniture and vehicles | 24 | €95,764 | €64,763 | -€31,001 | -32.4% |
| Leasing and similar rights | 25 | €290,415 | €253,512 | -€36,903 | -12.7% |
| Other tangible fixed assets | 26 | - | €1,247 | +€1,247 | |
| Current assets | 29/58 | €407,959 | €351,172 | -€56,787 | -13.9% |
| Amounts receivable after more than one year | 29 | €19,500 | €19,500 | = | 0.0% |
| Other amounts receivable | 291 | €19,500 | €19,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €355,254 | €273,578 | -€81,676 | -23.0% |
| Trade receivables | 40 | €181,329 | €115,001 | -€66,328 | -36.6% |
| Other amounts receivable | 41 | €173,925 | €158,577 | -€15,348 | -8.8% |
| Cash at bank and in hand | 54/58 | €18,960 | €47,506 | +€28,546 | +150.6% |
| Deferred charges and accrued income | 490/1 | €14,245 | €10,588 | -€3,658 | -25.7% |
| Total equity and liabilities | 10/49 | €813,829 | €697,744 | -€116,084 | -14.3% |
| Equity | 10/15 | €212,720 | €257,901 | +€45,181 | +21.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €55,082 | €100,263 | +€45,181 | +82.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €53,082 | €98,263 | +€45,181 | +85.1% |
| Profit (loss) carried forward | 14 | €137,638 | €137,638 | = | 0.0% |
| Amounts payable | 17/49 | €601,108 | €439,843 | -€161,265 | -26.8% |
| Amounts payable after more than one year | 17 | €243,943 | €159,741 | -€84,201 | -34.5% |
| Financial debts | 170/4 | €243,943 | €159,741 | -€84,201 | -34.5% |
| Amounts payable within one year | 42/48 | €347,336 | €275,980 | -€71,356 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €116,668 | €84,170 | -€32,498 | -27.9% |
| Financial debts | 43 | €105,000 | €105,000 | = | 0.0% |
| Credit institutions | 430/8 | €105,000 | €105,000 | = | 0.0% |
| Trade debts | 44 | €111,514 | €40,963 | -€70,551 | -63.3% |
| Suppliers | 440/4 | €111,514 | €40,963 | -€70,551 | -63.3% |
| Taxes, remuneration and social security | 45 | €14,154 | €45,847 | +€31,693 | +223.9% |
| Taxes | 450/3 | €1,851 | €28,886 | +€27,035 | +1460.3% |
| Remuneration and social security | 454/9 | €12,303 | €16,961 | +€4,658 | +37.9% |
| Accrued charges and deferred income | 492/3 | €9,829 | €4,122 | -€5,708 | -58.1% |
| Non-recurring operating income | 76A | €66 | €1,238 | +€1,172 | +1774.8% |
| Remuneration, social security and pensions | 62 | €198,922 | €179,989 | -€18,933 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,671 | €84,497 | -€37,174 | -30.6% |
| Other operating charges | 640/8 | €3,891 | €4,108 | +€217 | +5.6% |
| Non-recurring operating charges | 66A | €3,285 | €5,206 | +€1,922 | +58.5% |
| Gross operating margin | 9900 | €336,908 | €354,040 | +€17,133 | +5.1% |
| Operating profit (loss) | 9901 | €9,138 | €80,239 | +€71,101 | +778.1% |
| Financial income | 75/76B | €8,422 | €8,124 | -€299 | -3.5% |
| Recurring financial income | 75 | €8,422 | €8,124 | -€299 | -3.5% |
| Financial charges | 65/66B | €28,143 | €22,300 | -€5,843 | -20.8% |
| Recurring financial charges | 65 | €28,143 | €22,300 | -€5,843 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,583 | €66,063 | +€76,645 | |
| Income taxes | 67/77 | €271 | €20,882 | +€20,611 | +7613.1% |
| Profit (loss) for the period | 9904 | -€10,853 | €45,181 | +€56,034 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,853 | €45,181 | +€56,034 |
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 7 October 2026 via checked.be.