SIMON GERARD MANAGEMENT: 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.
SIMON GERARD MANAGEMENT
Largest movements
- Receivables within one year -€103,022
down €103,022 (-51.9%), from €198,525 to €95,503
of which Trade receivables: -€103,022
- Cash +€80,809
up €80,809 (+479%), from €16,878 to €97,687
mainly Receivables within one year (+€103,022) and Other debts (+€102,907)
- Reserves -€138,500
down €138,500 (-76.8%), from €180,412 to €41,912
of which Distributable reserves: -€138,500
- Other debts +€102,907
up €102,907 (+655%), from €15,718 to €118,625
- Tax, wage and social debts +€7,056
up €7,056 (+77.3%), from €9,124 to €16,181
- Short-term financial debts +€4,900
new in 2026: €4,900
- Gross operating margin -€2,211
down €2,211 (-2.8%), from €78,136 to €75,926
- Depreciation -€1,349
down €1,349 (-27.5%), from €4,906 to €3,557
- Other operating charges -€998
down €998 (-41.5%), from €2,406 to €1,408
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €224,110 | €200,378 | -€23,732 | -10.6% |
| Fixed assets | 21/28 | €7,665 | €6,009 | -€1,657 | -21.6% |
| Tangible fixed assets | 22/27 | €7,665 | €6,009 | -€1,657 | -21.6% |
| Plant, machinery and equipment | 23 | €600 | €388 | -€212 | -35.4% |
| Furniture and vehicles | 24 | €5,536 | €4,563 | -€974 | -17.6% |
| Other tangible fixed assets | 26 | €1,529 | €1,059 | -€471 | -30.8% |
| Current assets | 29/58 | €216,445 | €194,369 | -€22,076 | -10.2% |
| Amounts receivable within one year | 40/41 | €198,525 | €95,503 | -€103,022 | -51.9% |
| Trade receivables | 40 | €196,025 | €93,003 | -€103,022 | -52.6% |
| Other amounts receivable | 41 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,878 | €97,687 | +€80,809 | +479% |
| Deferred charges and accrued income | 490/1 | €1,042 | €1,179 | +€137 | +13.2% |
| Total equity and liabilities | 10/49 | €224,110 | €200,378 | -€23,732 | -10.6% |
| Equity | 10/15 | €199,012 | €60,512 | -€138,500 | -69.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €180,412 | €41,912 | -€138,500 | -76.8% |
| Tax-exempt reserves | 132 | €5,971 | €5,971 | = | 0.0% |
| Distributable reserves | 133 | €174,441 | €35,941 | -€138,500 | -79.4% |
| Amounts payable | 17/49 | €25,098 | €139,866 | +€114,768 | +457% |
| Amounts payable within one year | 42/48 | €25,098 | €139,866 | +€114,768 | +457% |
| Financial debts | 43 | - | €4,900 | +€4,900 | |
| Other loans | 439 | - | €4,900 | +€4,900 | |
| Trade debts | 44 | €255 | €160 | -€95 | -37.4% |
| Suppliers | 440/4 | €255 | €160 | -€95 | -37.4% |
| Taxes, remuneration and social security | 45 | €9,124 | €16,181 | +€7,056 | +77.3% |
| Taxes | 450/3 | €9,124 | €16,181 | +€7,056 | +77.3% |
| Other amounts payable | 47/48 | €15,718 | €118,625 | +€102,907 | +655% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,906 | €3,557 | -€1,349 | -27.5% |
| Other operating charges | 640/8 | €2,406 | €1,408 | -€998 | -41.5% |
| Gross operating margin | 9900 | €78,136 | €75,926 | -€2,211 | -2.8% |
| Operating profit (loss) | 9901 | €70,824 | €70,960 | +€136 | +0.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,411 | €2,865 | +€454 | +18.8% |
| Recurring financial charges | 65 | €2,411 | €2,865 | +€454 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €68,413 | €68,094 | -€319 | -0.5% |
| Income taxes | 67/77 | €14,929 | €14,985 | +€56 | +0.4% |
| Profit (loss) for the period | 9904 | €53,484 | €53,109 | -€375 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,484 | €53,109 | -€375 | -0.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.