Simon's Code: 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's Code
Largest movements
- Cash -€24,057
down €24,057 (-49.4%), from €48,653 to €24,596
mainly Contributions, distributions and other (-€49,124) and Receivables within one year (-€7,611)
- Receivables within one year +€7,611
up €7,611 (+58.1%), from €13,090 to €20,701
of which Trade receivables: +€6,328
- Tangible fixed assets +€1,601
up €1,601 (+38.0%), from €4,215 to €5,815
- Other debts -€6,149
down €6,149 (-12.3%), from €50,043 to €43,894
- Contributions -€5,500
no longer reported in 2025 (was €5,500)
- Tax, wage and social debts -€2,700
down €2,700 (-30.9%), from €8,742 to €6,041
- Gross operating margin -€7,705
down €7,705 (-11.9%), from €64,804 to €57,099
- Taxes -€1,433
down €1,433 (-11.1%), from €12,868 to €11,434
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 | €67,299 | €52,547 | -€14,752 | -21.9% |
| Fixed assets | 21/28 | €4,215 | €5,815 | +€1,601 | +38.0% |
| Tangible fixed assets | 22/27 | €4,215 | €5,815 | +€1,601 | +38.0% |
| Plant, machinery and equipment | 23 | €4,215 | €5,815 | +€1,601 | +38.0% |
| Current assets | 29/58 | €63,085 | €46,732 | -€16,353 | -25.9% |
| Amounts receivable within one year | 40/41 | €13,090 | €20,701 | +€7,611 | +58.1% |
| Trade receivables | 40 | €12,808 | €19,136 | +€6,328 | +49.4% |
| Other amounts receivable | 41 | €283 | €1,565 | +€1,283 | +454.0% |
| Cash at bank and in hand | 54/58 | €48,653 | €24,596 | -€24,057 | -49.4% |
| Deferred charges and accrued income | 490/1 | €1,341 | €1,434 | +€93 | +6.9% |
| Total equity and liabilities | 10/49 | €67,299 | €52,547 | -€14,752 | -21.9% |
| Equity | 10/15 | €5,500 | - | -€5,500 | |
| Contributions | 10/11 | €5,500 | - | -€5,500 | |
| Amounts payable | 17/49 | €61,799 | €52,547 | -€9,252 | -15.0% |
| Amounts payable within one year | 42/48 | €61,799 | €52,547 | -€9,252 | -15.0% |
| Trade debts | 44 | €3,015 | €2,612 | -€403 | -13.4% |
| Suppliers | 440/4 | €3,015 | €2,612 | -€403 | -13.4% |
| Taxes, remuneration and social security | 45 | €8,742 | €6,041 | -€2,700 | -30.9% |
| Taxes | 450/3 | €8,742 | €6,041 | -€2,700 | -30.9% |
| Other amounts payable | 47/48 | €50,043 | €43,894 | -€6,149 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €859 | €1,159 | +€301 | +35.0% |
| Other operating charges | 640/8 | €672 | €685 | +€13 | +2.0% |
| Gross operating margin | 9900 | €64,804 | €57,099 | -€7,705 | -11.9% |
| Operating profit (loss) | 9901 | €63,274 | €55,255 | -€8,019 | -12.7% |
| Financial income | 75/76B | €3 | €0 | -€3 | -97.9% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -97.9% |
| Financial charges | 65/66B | €618 | €196 | -€422 | -68.2% |
| Recurring financial charges | 65 | €618 | €196 | -€422 | -68.2% |
| Profit (loss) for the period before taxes | 9903 | €62,660 | €55,059 | -€7,601 | -12.1% |
| Income taxes | 67/77 | €12,868 | €11,434 | -€1,433 | -11.1% |
| Profit (loss) for the period | 9904 | €49,792 | €43,624 | -€6,168 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,792 | €43,624 | -€6,168 | -12.4% |
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 2 October 2026 via checked.be.