SIMON IMMO: 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 IMMO
Largest movements
- Receivables after one year -€222,735
down €222,735 (-51.5%), from €432,735 to €210,000
- Receivables within one year -€111,007
down €111,007 (-45.2%), from €245,416 to €134,409
of which Other amounts receivable: -€111,059
- Tangible fixed assets +€51,224
up €51,224 (+3.6%), from €1.4m to €1.5m
of which Land and buildings: +€51,678
- Current portion of long-term debt -€220,400
down €220,400 (-58.0%), from €379,721 to €159,321
- Profit (loss) carried forward -€74,644
down €74,644 (-27.9%), from €267,561 to €192,917
- Debts after one year +€39,139
up €39,139 (+3.8%), from €1.0m to €1.1m
- Gross operating margin -€641,387
down €641,387 (-95.2%), from €674,036 to €32,649
- Depreciation +€18,426
up €18,426 (+39.2%), from €46,955 to €65,381
- Financial charges -€17,781
down €17,781 (-24.4%), from €72,975 to €55,194
- Other operating charges -€8,378
down €8,378 (-54.8%), from €15,279 to €6,901
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 | €2,244,751 | €1,963,200 | -€281,551 | -12.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,564,179 | €1,615,404 | +€51,224 | +3.3% |
| Tangible fixed assets | 22/27 | €1,414,179 | €1,465,404 | +€51,224 | +3.6% |
| Land and buildings | 22 | €1,379,888 | €1,431,565 | +€51,678 | +3.7% |
| Plant, machinery and equipment | 23 | €34,292 | €33,838 | -€453 | -1.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €680,572 | €347,796 | -€332,776 | -48.9% |
| Amounts receivable after more than one year | 29 | €432,735 | €210,000 | -€222,735 | -51.5% |
| Other amounts receivable | 291 | €432,735 | €210,000 | -€222,735 | -51.5% |
| Amounts receivable within one year | 40/41 | €245,416 | €134,409 | -€111,007 | -45.2% |
| Trade receivables | 40 | - | €52 | +€52 | |
| Other amounts receivable | 41 | €245,416 | €134,357 | -€111,059 | -45.3% |
| Cash at bank and in hand | 54/58 | €1,851 | €2,597 | +€747 | +40.4% |
| Deferred charges and accrued income | 490/1 | €571 | €789 | +€219 | +38.3% |
| Total equity and liabilities | 10/49 | €2,244,751 | €1,963,200 | -€281,551 | -12.5% |
| Equity | 10/15 | €689,112 | €599,289 | -€89,822 | -13.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €402,950 | €387,773 | -€15,178 | -3.8% |
| Tax-exempt reserves | 132 | €401,090 | €385,913 | -€15,178 | -3.8% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €267,561 | €192,917 | -€74,644 | -27.9% |
| Provisions and deferred taxes | 16 | €133,697 | €128,638 | -€5,059 | -3.8% |
| Deferred taxes | 168 | €133,697 | €128,638 | -€5,059 | -3.8% |
| Amounts payable | 17/49 | €1,421,943 | €1,235,273 | -€186,670 | -13.1% |
| Amounts payable after more than one year | 17 | €1,019,780 | €1,058,919 | +€39,139 | +3.8% |
| Financial debts | 170/4 | €1,019,780 | €1,058,919 | +€39,139 | +3.8% |
| Amounts payable within one year | 42/48 | €402,163 | €176,354 | -€225,809 | -56.1% |
| Current portion of amounts payable after more than one year | 42 | €379,721 | €159,321 | -€220,400 | -58.0% |
| Trade debts | 44 | €1,407 | €13,298 | +€11,892 | +845.5% |
| Suppliers | 440/4 | €1,407 | €13,298 | +€11,892 | +845.5% |
| Taxes, remuneration and social security | 45 | €21,035 | €3,734 | -€17,301 | -82.2% |
| Taxes | 450/3 | €21,035 | €3,734 | -€17,301 | -82.2% |
| Remuneration, social security and pensions | 62 | €56 | - | -€56 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,955 | €65,381 | +€18,426 | +39.2% |
| Other operating charges | 640/8 | €15,279 | €6,901 | -€8,378 | -54.8% |
| Gross operating margin | 9900 | €674,036 | €32,649 | -€641,387 | -95.2% |
| Operating profit (loss) | 9901 | €611,747 | -€39,632 | -€651,379 | |
| Financial income | 75/76B | €30 | €202 | +€172 | +571.7% |
| Recurring financial income | 75 | €30 | €202 | +€172 | +571.7% |
| Financial charges | 65/66B | €72,975 | €55,194 | -€17,781 | -24.4% |
| Recurring financial charges | 65 | €72,975 | €55,194 | -€17,781 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €538,802 | -€94,624 | -€633,427 | |
| Transfer from deferred taxes | 780 | €553 | €5,059 | +€4,506 | +814.5% |
| Income taxes | 67/77 | €465 | €257 | -€208 | -44.7% |
| Profit (loss) for the period | 9904 | €538,891 | -€89,822 | -€628,713 | |
| Transfer from tax-exempt reserves | 789 | €1,660 | €15,178 | +€13,518 | +814.5% |
| Transfer to tax-exempt reserves | 689 | €537,000 | - | -€537,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,550 | -€74,644 | -€78,195 |
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 30 September 2026 via checked.be.