SIMON ROYER: 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 ROYER
Largest movements
- Cash +€51,104
up €51,104 (+45.1%), from €113,303 to €164,407
mainly Net result for the year (+€51,979) and Depreciation (+€4,840)
- Tangible fixed assets -€4,840
down €4,840 (-20.2%), from €23,935 to €19,095
- Profit (loss) carried forward +€51,979
up €51,979 (+48.8%), from €106,503 to €158,482
- Tax, wage and social debts -€7,034
down €7,034 (-41.5%), from €16,928 to €9,895
of which Taxes: -€9,993
- Gross operating margin -€15,510
down €15,510 (-17.4%), from €89,076 to €73,566
- Depreciation +€4,575
up €4,575 (+1730.0%), from €264 to €4,840
- Taxes -€4,227
down €4,227 (-23.8%), from €17,797 to €13,569
- Financial charges +€1,090
up €1,090 (+60.0%), from €1,817 to €2,907
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 | €166,301 | €213,787 | +€47,486 | +28.6% |
| Fixed assets | 21/28 | €23,935 | €19,095 | -€4,840 | -20.2% |
| Tangible fixed assets | 22/27 | €23,935 | €19,095 | -€4,840 | -20.2% |
| Furniture and vehicles | 24 | €23,935 | €19,095 | -€4,840 | -20.2% |
| Current assets | 29/58 | €142,367 | €194,692 | +€52,326 | +36.8% |
| Amounts receivable within one year | 40/41 | €28,246 | €30,085 | +€1,840 | +6.5% |
| Trade receivables | 40 | €23,042 | €23,453 | +€411 | +1.8% |
| Other amounts receivable | 41 | €5,203 | €6,632 | +€1,429 | +27.5% |
| Cash at bank and in hand | 54/58 | €113,303 | €164,407 | +€51,104 | +45.1% |
| Deferred charges and accrued income | 490/1 | €818 | €200 | -€618 | -75.6% |
| Total equity and liabilities | 10/49 | €166,301 | €213,787 | +€47,486 | +28.6% |
| Equity | 10/15 | €108,503 | €160,482 | +€51,979 | +47.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,503 | €158,482 | +€51,979 | +48.8% |
| Amounts payable | 17/49 | €57,798 | €53,305 | -€4,493 | -7.8% |
| Amounts payable within one year | 42/48 | €57,798 | €53,305 | -€4,493 | -7.8% |
| Trade debts | 44 | €1,207 | €1,716 | +€510 | +42.2% |
| Suppliers | 440/4 | €1,207 | €1,716 | +€510 | +42.2% |
| Taxes, remuneration and social security | 45 | €16,928 | €9,895 | -€7,034 | -41.5% |
| Taxes | 450/3 | €14,578 | €4,585 | -€9,993 | -68.5% |
| Remuneration and social security | 454/9 | €2,350 | €5,309 | +€2,959 | +125.9% |
| Other amounts payable | 47/48 | €39,663 | €41,694 | +€2,031 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €264 | €4,840 | +€4,575 | +1730.0% |
| Other operating charges | 640/8 | €86 | €270 | +€184 | +214.2% |
| Non-recurring operating charges | 66A | €54 | - | -€54 | |
| Gross operating margin | 9900 | €89,076 | €73,566 | -€15,510 | -17.4% |
| Operating profit (loss) | 9901 | €88,671 | €68,455 | -€20,216 | -22.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,817 | €2,907 | +€1,090 | +60.0% |
| Recurring financial charges | 65 | €1,817 | €2,907 | +€1,090 | +60.0% |
| Profit (loss) for the period before taxes | 9903 | €86,855 | €65,548 | -€21,307 | -24.5% |
| Income taxes | 67/77 | €17,797 | €13,569 | -€4,227 | -23.8% |
| Profit (loss) for the period | 9904 | €69,058 | €51,979 | -€17,079 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €69,058 | €51,979 | -€17,079 | -24.7% |
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 5 October 2026 via checked.be.