SIMON RENOVATION: 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 RENOVATION
Largest movements
- Receivables within one year +€24,544
up €24,544 (+1,254%), from €1,957 to €26,500
of which Trade receivables: +€25,207
- Cash +€18,090
up €18,090 (+130%), from €13,961 to €32,051
mainly Trade debts (+€21,155) and Tax, wage and social debts (+€10,052)
- Tangible fixed assets -€2,145
down €2,145 (-47.1%), from €4,556 to €2,411
of which Furniture and vehicles: -€1,094
- Trade debts +€21,155
up €21,155 (+326%), from €6,490 to €27,646
- Tax, wage and social debts +€10,052
up €10,052 (+1,526%), from €659 to €10,711
of which Taxes: +€10,052
- Reserves +€5,381
up €5,381 (+175%), from €3,083 to €8,463
- Other debts +€3,426
up €3,426 (+54.2%), from €6,315 to €9,741
- Gross operating margin +€9,706
up €9,706 (+547%), from €1,774 to €11,480
- Taxes +€2,122
up €2,122 (+1,718%), from €123 to €2,245
- Depreciation +€777
up €777 (+39.3%), from €1,977 to €2,754
- Other operating charges -€375
down €375 (-27.6%), from €1,358 to €983
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 | €21,547 | €61,561 | +€40,014 | +186% |
| Formation expenses | 20 | €238 | €6 | -€232 | -97.4% |
| Fixed assets | 21/28 | €4,556 | €2,411 | -€2,145 | -47.1% |
| Tangible fixed assets | 22/27 | €4,556 | €2,411 | -€2,145 | -47.1% |
| Plant, machinery and equipment | 23 | €1,726 | €675 | -€1,051 | -60.9% |
| Furniture and vehicles | 24 | €2,830 | €1,736 | -€1,094 | -38.7% |
| Current assets | 29/58 | €16,753 | €59,144 | +€42,391 | +253% |
| Amounts receivable within one year | 40/41 | €1,957 | €26,500 | +€24,544 | +1,254% |
| Trade receivables | 40 | €1,294 | €26,500 | +€25,207 | +1,949% |
| Other amounts receivable | 41 | €663 | - | -€663 | |
| Cash at bank and in hand | 54/58 | €13,961 | €32,051 | +€18,090 | +130% |
| Deferred charges and accrued income | 490/1 | €836 | €593 | -€243 | -29.1% |
| Total equity and liabilities | 10/49 | €21,547 | €61,561 | +€40,014 | +186% |
| Equity | 10/15 | €8,083 | €13,463 | +€5,381 | +66.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,083 | €8,463 | +€5,381 | +175% |
| Distributable reserves | 133 | €3,083 | €8,463 | +€5,381 | +175% |
| Amounts payable | 17/49 | €13,464 | €48,098 | +€34,633 | +257% |
| Amounts payable within one year | 42/48 | €13,464 | €48,098 | +€34,633 | +257% |
| Trade debts | 44 | €6,490 | €27,646 | +€21,155 | +326% |
| Suppliers | 440/4 | €6,490 | €27,646 | +€21,155 | +326% |
| Taxes, remuneration and social security | 45 | €659 | €10,711 | +€10,052 | +1,526% |
| Taxes | 450/3 | €507 | €10,559 | +€10,052 | +1,983% |
| Remuneration and social security | 454/9 | €152 | €152 | = | 0.0% |
| Other amounts payable | 47/48 | €6,315 | €9,741 | +€3,426 | +54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,977 | €2,754 | +€777 | +39.3% |
| Other operating charges | 640/8 | €1,358 | €983 | -€375 | -27.6% |
| Gross operating margin | 9900 | €1,774 | €11,480 | +€9,706 | +547% |
| Operating profit (loss) | 9901 | -€1,561 | €7,743 | +€9,304 | |
| Financial income | 75/76B | €31 | €26 | -€5 | -15.4% |
| Recurring financial income | 75 | €31 | €26 | -€5 | -15.4% |
| Financial charges | 65/66B | €153 | €144 | -€9 | -5.9% |
| Recurring financial charges | 65 | €153 | €144 | -€9 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,682 | €7,626 | +€9,308 | |
| Income taxes | 67/77 | €123 | €2,245 | +€2,122 | +1,718% |
| Profit (loss) for the period | 9904 | -€1,806 | €5,381 | +€7,186 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,806 | €5,381 | +€7,186 |
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 18 October 2026 via checked.be.