SIMON INVEST: 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 INVEST
Largest movements
- Receivables within one year +€117,007
up €117,007 (+171%), from €68,340 to €185,347
of which Trade receivables: +€91,180
- Cash -€32,804
down €32,804 (-15.2%), from €216,254 to €183,449
mainly Receivables within one year (-€117,007) and Other debts (-€39,267)
- Stocks and contracts +€26,920
up €26,920 (+7.7%), from €347,941 to €374,861
of which Contracts in progress: +€73,000
- Trade debts +€91,000
up €91,000 (+284%), from €32,032 to €123,032
- Advances received +€55,880
up €55,880 (+133%), from €42,000 to €97,880
- Other debts -€39,267
down €39,267 (-45.6%), from €86,049 to €46,782
- Gross operating margin -€10,096
down €10,096 (-61.0%), from €16,540 to €6,444
- Other operating charges -€9,086
down €9,086 (-87.3%), from €10,412 to €1,327
- Depreciation +€2,164
up €2,164 (+300%), from €721 to €2,886
- Financial charges -€1,897
down €1,897 (-23.5%), from €8,084 to €6,186
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €727,256 | €835,699 | +€108,443 | +14.9% |
| Fixed assets | 21/28 | €92,935 | €90,050 | -€2,886 | -3.1% |
| Tangible fixed assets | 22/27 | €87,935 | €85,050 | -€2,886 | -3.3% |
| Land and buildings | 22 | €80,000 | €80,000 | = | 0.0% |
| Furniture and vehicles | 24 | €7,935 | €5,050 | -€2,886 | -36.4% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €634,321 | €745,650 | +€111,329 | +17.6% |
| Stocks and contracts in progress | 3 | €347,941 | €374,861 | +€26,920 | +7.7% |
| Stocks | 30/36 | €167,441 | €121,361 | -€46,080 | -27.5% |
| Contracts in progress | 37 | €180,500 | €253,500 | +€73,000 | +40.4% |
| Amounts receivable within one year | 40/41 | €68,340 | €185,347 | +€117,007 | +171% |
| Trade receivables | 40 | €31,747 | €122,927 | +€91,180 | +287% |
| Other amounts receivable | 41 | €36,593 | €62,420 | +€25,827 | +70.6% |
| Cash at bank and in hand | 54/58 | €216,254 | €183,449 | -€32,804 | -15.2% |
| Deferred charges and accrued income | 490/1 | €1,787 | €1,993 | +€207 | +11.6% |
| Total equity and liabilities | 10/49 | €727,256 | €835,699 | +€108,443 | +14.9% |
| Equity | 10/15 | €500,872 | €496,655 | -€4,217 | -0.8% |
| Contributions | 10/11 | €326,200 | €326,200 | = | 0.0% |
| Reserves | 13 | €174,600 | €170,400 | -€4,200 | -2.4% |
| Distributable reserves | 133 | €174,600 | €170,400 | -€4,200 | -2.4% |
| Profit (loss) carried forward | 14 | €72 | €55 | -€17 | -23.8% |
| Amounts payable | 17/49 | €226,385 | €339,045 | +€112,660 | +49.8% |
| Amounts payable within one year | 42/48 | €168,288 | €277,850 | +€109,561 | +65.1% |
| Trade debts | 44 | €32,032 | €123,032 | +€91,000 | +284% |
| Suppliers | 440/4 | €32,032 | €123,032 | +€91,000 | +284% |
| Advances received on contracts in progress | 46 | €42,000 | €97,880 | +€55,880 | +133% |
| Taxes, remuneration and social security | 45 | €8,207 | €10,155 | +€1,948 | +23.7% |
| Taxes | 450/3 | €8,207 | €10,155 | +€1,948 | +23.7% |
| Other amounts payable | 47/48 | €86,049 | €46,782 | -€39,267 | -45.6% |
| Accrued charges and deferred income | 492/3 | €58,096 | €61,195 | +€3,099 | +5.3% |
| Non-recurring operating income | 76A | €44,868 | - | -€44,868 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €721 | €2,886 | +€2,164 | +300% |
| Other operating charges | 640/8 | €10,412 | €1,327 | -€9,086 | -87.3% |
| Gross operating margin | 9900 | €16,540 | €6,444 | -€10,096 | -61.0% |
| Operating profit (loss) | 9901 | €5,406 | €2,232 | -€3,174 | -58.7% |
| Financial income | 75/76B | €121 | €126 | +€5 | +4.2% |
| Recurring financial income | 75 | €121 | €126 | +€5 | +4.2% |
| Financial charges | 65/66B | €8,084 | €6,186 | -€1,897 | -23.5% |
| Recurring financial charges | 65 | €8,084 | €6,186 | -€1,897 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,557 | -€3,828 | -€1,272 | -49.7% |
| Income taxes | 67/77 | €317 | €389 | +€72 | +22.7% |
| Profit (loss) for the period | 9904 | -€2,874 | -€4,217 | -€1,344 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,874 | -€4,217 | -€1,344 | -46.8% |
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 20 October 2026 via checked.be.