SIMON & ESTHER CREATED: 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 & ESTHER CREATED
Largest movements
- Cash -€74,445
down €74,445 (-27.1%), from €274,546 to €200,100
mainly Contributions, distributions and other (-€83,780) and Trade debts (-€71,026)
- Receivables within one year +€37,857
up €37,857 (+23.8%), from €159,028 to €196,885
of which Trade receivables: +€36,833
- Deferred charges and accrued income +€28,210
up €28,210 (+1407.3%), from €2,005 to €30,215
- Tangible fixed assets -€7,698
down €7,698 (-29.4%), from €26,176 to €18,478
of which Leasing and similar rights: -€8,032
- Trade debts -€71,026
down €71,026 (-42.3%), from €168,049 to €97,023
- Other debts +€69,336
up €69,336 (+550.3%), from €12,599 to €81,936
- Reserves -€14,215
down €14,215 (-6.2%), from €229,891 to €215,676
- Debts after one year -€7,867
down €7,867 (-50.9%), from €15,458 to €7,591
- Tax, wage and social debts +€6,838
up €6,838 (+285.7%), from €2,394 to €9,232
of which Taxes: +€7,755
- Write-downs -€49,626
down €49,626, from €24,813 to -€24,813
- Other operating charges +€27,467
up €27,467 (+1487.5%), from €1,847 to €29,314
- Gross operating margin -€9,743
down €9,743 (-7.7%), from €126,074 to €116,331
- Taxes +€4,258
up €4,258 (+18.1%), from €23,587 to €27,845
- Staff costs -€3,846
down €3,846 (-94.8%), from €4,056 to €210
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 | €466,659 | €447,824 | -€18,835 | -4.0% |
| Fixed assets | 21/28 | €31,080 | €20,624 | -€10,457 | -33.6% |
| Intangible fixed assets | 21 | €4,905 | €2,146 | -€2,758 | -56.2% |
| Tangible fixed assets | 22/27 | €26,176 | €18,478 | -€7,698 | -29.4% |
| Land and buildings | 22 | €1,577 | €988 | -€589 | -37.4% |
| Furniture and vehicles | 24 | €2,440 | €3,363 | +€923 | +37.8% |
| Leasing and similar rights | 25 | €22,158 | €14,127 | -€8,032 | -36.2% |
| Current assets | 29/58 | €435,578 | €427,200 | -€8,378 | -1.9% |
| Amounts receivable within one year | 40/41 | €159,028 | €196,885 | +€37,857 | +23.8% |
| Trade receivables | 40 | €145,385 | €182,217 | +€36,833 | +25.3% |
| Other amounts receivable | 41 | €13,644 | €14,668 | +€1,024 | +7.5% |
| Cash at bank and in hand | 54/58 | €274,546 | €200,100 | -€74,445 | -27.1% |
| Deferred charges and accrued income | 490/1 | €2,005 | €30,215 | +€28,210 | +1407.3% |
| Total equity and liabilities | 10/49 | €466,659 | €447,824 | -€18,835 | -4.0% |
| Equity | 10/15 | €248,491 | €234,276 | -€14,215 | -5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €229,891 | €215,676 | -€14,215 | -6.2% |
| Distributable reserves | 133 | €229,891 | €215,676 | -€14,215 | -6.2% |
| Amounts payable | 17/49 | €218,168 | €213,548 | -€4,620 | -2.1% |
| Amounts payable after more than one year | 17 | €15,458 | €7,591 | -€7,867 | -50.9% |
| Financial debts | 170/4 | €15,458 | €7,591 | -€7,867 | -50.9% |
| Amounts payable within one year | 42/48 | €195,213 | €202,767 | +€7,555 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €7,100 | €7,216 | +€117 | +1.6% |
| Financial debts | 43 | €5,071 | €6,730 | +€1,659 | +32.7% |
| Credit institutions | 430/8 | €5,071 | €6,730 | +€1,659 | +32.7% |
| Trade debts | 44 | €168,049 | €97,023 | -€71,026 | -42.3% |
| Suppliers | 440/4 | €168,049 | €97,023 | -€71,026 | -42.3% |
| Advances received on contracts in progress | 46 | - | €630 | +€630 | |
| Taxes, remuneration and social security | 45 | €2,394 | €9,232 | +€6,838 | +285.7% |
| Taxes | 450/3 | €1,477 | €9,232 | +€7,755 | +524.9% |
| Remuneration and social security | 454/9 | €916 | - | -€916 | |
| Other amounts payable | 47/48 | €12,599 | €81,936 | +€69,336 | +550.3% |
| Accrued charges and deferred income | 492/3 | €7,497 | €3,189 | -€4,308 | -57.5% |
| Remuneration, social security and pensions | 62 | €4,056 | €210 | -€3,846 | -94.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,299 | €12,758 | +€459 | +3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,813 | -€24,813 | -€49,626 | |
| Other operating charges | 640/8 | €1,847 | €29,314 | +€27,467 | +1487.5% |
| Gross operating margin | 9900 | €126,074 | €116,331 | -€9,743 | -7.7% |
| Operating profit (loss) | 9901 | €83,060 | €98,862 | +€15,802 | +19.0% |
| Financial income | 75/76B | €1,868 | €2,588 | +€720 | +38.5% |
| Recurring financial income | 75 | €1,868 | €2,588 | +€720 | +38.5% |
| Financial charges | 65/66B | €3,280 | €4,040 | +€759 | +23.2% |
| Recurring financial charges | 65 | €3,280 | €4,040 | +€759 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €81,648 | €97,410 | +€15,762 | +19.3% |
| Income taxes | 67/77 | €23,587 | €27,845 | +€4,258 | +18.1% |
| Profit (loss) for the period | 9904 | €58,060 | €69,565 | +€11,505 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €58,060 | €69,565 | +€11,505 | +19.8% |
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 8 October 2026 via checked.be.