Simon's Tree: 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's Tree
Largest movements
- Financial fixed assets +€50,000
up €50,000 (+53.3%), from €93,754 to €143,754
- Receivables within one year +€24,298
up €24,298 (+165%), from €14,753 to €39,050
of which Trade receivables: +€24,299
- Tangible fixed assets -€5,870
down €5,870 (-32.8%), from €17,899 to €12,029
- Profit (loss) carried forward +€26,900
up €26,900 (+32.1%), from €83,833 to €110,733
- Debts after one year +€25,931
up €25,931 (+257%), from €10,096 to €36,027
of which Financial debts: +€34,731
- Other debts +€10,500
up €10,500 (+53.5%), from €19,623 to €30,124
- Current portion of long-term debt +€2,853
up €2,853 (+36.3%), from €7,851 to €10,703
- Gross operating margin +€11,731
up €11,731 (+26.9%), from €43,643 to €55,374
- Write-downs +€8,149
new in 2025: €8,149
- Depreciation -€1,732
down €1,732 (-20.1%), from €8,607 to €6,875
- Taxes +€1,269
up €1,269 (+13.2%), from €9,619 to €10,887
- Financial charges +€791
up €791 (+113%), from €700 to €1,491
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 | €136,459 | €205,709 | +€69,250 | +50.7% |
| Fixed assets | 21/28 | €111,653 | €155,783 | +€44,130 | +39.5% |
| Tangible fixed assets | 22/27 | €17,899 | €12,029 | -€5,870 | -32.8% |
| Furniture and vehicles | 24 | €17,899 | €12,029 | -€5,870 | -32.8% |
| Financial fixed assets | 28 | €93,754 | €143,754 | +€50,000 | +53.3% |
| Current assets | 29/58 | €24,806 | €49,926 | +€25,121 | +101% |
| Amounts receivable within one year | 40/41 | €14,753 | €39,050 | +€24,298 | +165% |
| Trade receivables | 40 | €14,750 | €39,049 | +€24,299 | +165% |
| Other amounts receivable | 41 | €3 | €1 | -€2 | -60.3% |
| Cash at bank and in hand | 54/58 | €8,967 | €9,664 | +€697 | +7.8% |
| Deferred charges and accrued income | 490/1 | €1,086 | €1,212 | +€126 | +11.6% |
| Total equity and liabilities | 10/49 | €136,459 | €205,709 | +€69,250 | +50.7% |
| Equity | 10/15 | €88,833 | €115,733 | +€26,900 | +30.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,833 | €110,733 | +€26,900 | +32.1% |
| Amounts payable | 17/49 | €47,626 | €89,976 | +€42,350 | +88.9% |
| Amounts payable after more than one year | 17 | €10,096 | €36,027 | +€25,931 | +257% |
| Financial debts | 170/4 | €1,296 | €36,027 | +€34,731 | +2,680% |
| Other amounts payable | 178/9 | €8,800 | - | -€8,800 | |
| Amounts payable within one year | 42/48 | €37,529 | €53,948 | +€16,419 | +43.7% |
| Current portion of amounts payable after more than one year | 42 | €7,851 | €10,703 | +€2,853 | +36.3% |
| Trade debts | 44 | €2,092 | €3,739 | +€1,647 | +78.7% |
| Suppliers | 440/4 | €2,092 | €3,739 | +€1,647 | +78.7% |
| Taxes, remuneration and social security | 45 | €7,963 | €9,382 | +€1,419 | +17.8% |
| Taxes | 450/3 | €7,963 | €9,382 | +€1,419 | +17.8% |
| Other amounts payable | 47/48 | €19,623 | €30,124 | +€10,500 | +53.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,607 | €6,875 | -€1,732 | -20.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,149 | +€8,149 | |
| Other operating charges | 640/8 | €1,038 | €1,072 | +€34 | +3.2% |
| Gross operating margin | 9900 | €43,643 | €55,374 | +€11,731 | +26.9% |
| Operating profit (loss) | 9901 | €33,997 | €39,279 | +€5,281 | +15.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €700 | €1,491 | +€791 | +113% |
| Recurring financial charges | 65 | €700 | €1,491 | +€791 | +113% |
| Profit (loss) for the period before taxes | 9903 | €33,298 | €37,788 | +€4,489 | +13.5% |
| Income taxes | 67/77 | €9,619 | €10,887 | +€1,269 | +13.2% |
| Profit (loss) for the period | 9904 | €23,680 | €26,900 | +€3,221 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,680 | €26,900 | +€3,221 | +13.6% |
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 29 October 2026 via checked.be.