SIMON SAD: 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 SAD
Largest movements
- Receivables within one year +€24,667
up €24,667 (+127.7%), from €19,315 to €43,982
- Tangible fixed assets -€16,600
down €16,600 (-28.6%), from €58,100 to €41,500
- Deferred charges and accrued income -€1,299
down €1,299 (-12.3%), from €10,531 to €9,232
- Profit (loss) carried forward +€25,904
up €25,904 (+293.3%), from €8,833 to €34,737
- Debts after one year -€16,590
down €16,590 (-41.8%), from €39,712 to €23,123
- Tax, wage and social debts -€4,362
down €4,362 (-21.5%), from €20,289 to €15,927
- Current portion of long-term debt +€1,999
up €1,999 (+12.5%), from €15,972 to €17,971
- Depreciation +€8,300
up €8,300 (+100.0%), from €8,300 to €16,600
- Taxes -€4,128
down €4,128 (-37.3%), from €11,055 to €6,927
- Financial income +€747
up €747 (+80.7%), from €926 to €1,673
- Gross operating margin +€589
up €589 (+1.2%), from €50,264 to €50,853
- Financial charges +€550
up €550 (+29.4%), from €1,871 to €2,421
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €88,239 | €94,714 | +€6,475 | +7.3% |
| Fixed assets | 21/28 | €58,100 | €41,500 | -€16,600 | -28.6% |
| Tangible fixed assets | 22/27 | €58,100 | €41,500 | -€16,600 | -28.6% |
| Furniture and vehicles | 24 | €58,100 | €41,500 | -€16,600 | -28.6% |
| Current assets | 29/58 | €30,139 | €53,214 | +€23,075 | +76.6% |
| Amounts receivable within one year | 40/41 | €19,315 | €43,982 | +€24,667 | +127.7% |
| Other amounts receivable | 41 | €19,315 | €43,982 | +€24,667 | +127.7% |
| Cash at bank and in hand | 54/58 | €294 | - | -€294 | |
| Deferred charges and accrued income | 490/1 | €10,531 | €9,232 | -€1,299 | -12.3% |
| Total equity and liabilities | 10/49 | €88,239 | €94,714 | +€6,475 | +7.3% |
| Equity | 10/15 | €9,833 | €35,737 | +€25,904 | +263.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,833 | €34,737 | +€25,904 | +293.3% |
| Amounts payable | 17/49 | €78,406 | €58,977 | -€19,429 | -24.8% |
| Amounts payable after more than one year | 17 | €39,712 | €23,123 | -€16,590 | -41.8% |
| Financial debts | 170/4 | €39,712 | €23,123 | -€16,590 | -41.8% |
| Amounts payable within one year | 42/48 | €38,694 | €35,854 | -€2,840 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €15,972 | €17,971 | +€1,999 | +12.5% |
| Trade debts | 44 | €2,434 | €1,957 | -€477 | -19.6% |
| Suppliers | 440/4 | €2,434 | €1,957 | -€477 | -19.6% |
| Taxes, remuneration and social security | 45 | €20,289 | €15,927 | -€4,362 | -21.5% |
| Taxes | 450/3 | €20,289 | €15,927 | -€4,362 | -21.5% |
| Non-recurring operating income | 76A | €7,000 | - | -€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,300 | €16,600 | +€8,300 | +100.0% |
| Other operating charges | 640/8 | €568 | €674 | +€107 | +18.8% |
| Gross operating margin | 9900 | €50,264 | €50,853 | +€589 | +1.2% |
| Operating profit (loss) | 9901 | €41,397 | €33,579 | -€7,818 | -18.9% |
| Financial income | 75/76B | €926 | €1,673 | +€747 | +80.7% |
| Recurring financial income | 75 | €926 | €1,673 | +€747 | +80.7% |
| Financial charges | 65/66B | €1,871 | €2,421 | +€550 | +29.4% |
| Recurring financial charges | 65 | €1,871 | €2,421 | +€550 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €40,452 | €32,831 | -€7,621 | -18.8% |
| Income taxes | 67/77 | €11,055 | €6,927 | -€4,128 | -37.3% |
| Profit (loss) for the period | 9904 | €29,396 | €25,904 | -€3,492 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,396 | €25,904 | -€3,492 | -11.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.