SIMON SFEER: 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 SFEER
Largest movements
- Cash -€9,652
down €9,652 (-88.2%), from €10,945 to €1,293
mainly Net result for the year (-€15,274) and Debts after one year (-€6,083)
- Tangible fixed assets -€4,332
down €4,332 (-5.1%), from €85,145 to €80,812
of which Furniture and vehicles: -€25,142
- Deferred charges and accrued income -€1,116
no longer reported in 2025 (was €1,116)
- Reserves -€15,274
down €15,274 (-76.8%), from €19,889 to €4,616
- Debts after one year -€6,083
down €6,083 (-53.6%), from €11,353 to €5,270
- Other debts +€5,726
up €5,726 (+10.9%), from €52,544 to €58,270
- Gross operating margin -€16,274
down €16,274, from €6,910 to -€9,363
- Depreciation -€7,895
down €7,895 (-66.5%), from €11,870 to €3,975
- Financial income +€643
up €643 (+287.5%), from €223 to €866
of which Non-recurring financial income: +€858
- Financial charges -€604
down €604 (-40.4%), from €1,496 to €892
- Other operating charges -€149
down €149 (-7.2%), from €2,058 to €1,909
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 | €97,205 | €82,289 | -€14,916 | -15.3% |
| Fixed assets | 21/28 | €85,145 | €80,812 | -€4,332 | -5.1% |
| Tangible fixed assets | 22/27 | €85,145 | €80,812 | -€4,332 | -5.1% |
| Land and buildings | 22 | €60,002 | €80,812 | +€20,810 | +34.7% |
| Furniture and vehicles | 24 | €25,142 | - | -€25,142 | |
| Current assets | 29/58 | €12,061 | €1,477 | -€10,583 | -87.8% |
| Amounts receivable within one year | 40/41 | - | €185 | +€185 | |
| Other amounts receivable | 41 | - | €185 | +€185 | |
| Cash at bank and in hand | 54/58 | €10,945 | €1,293 | -€9,652 | -88.2% |
| Deferred charges and accrued income | 490/1 | €1,116 | - | -€1,116 | |
| Total equity and liabilities | 10/49 | €97,205 | €82,289 | -€14,916 | -15.3% |
| Equity | 10/15 | €27,329 | €12,056 | -€15,274 | -55.9% |
| Contributions | 10/11 | €7,440 | €7,440 | = | 0.0% |
| Reserves | 13 | €19,889 | €4,616 | -€15,274 | -76.8% |
| Distributable reserves | 133 | €19,889 | €4,616 | -€15,274 | -76.8% |
| Amounts payable | 17/49 | €69,876 | €70,234 | +€358 | +0.5% |
| Amounts payable after more than one year | 17 | €11,353 | €5,270 | -€6,083 | -53.6% |
| Financial debts | 170/4 | €11,353 | €5,270 | -€6,083 | -53.6% |
| Amounts payable within one year | 42/48 | €58,523 | €64,963 | +€6,441 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €5,831 | €6,083 | +€253 | +4.3% |
| Trade debts | 44 | €21 | €611 | +€590 | +2789.0% |
| Suppliers | 440/4 | €21 | €611 | +€590 | +2789.0% |
| Taxes, remuneration and social security | 45 | €127 | - | -€127 | |
| Taxes | 450/3 | €127 | - | -€127 | |
| Other amounts payable | 47/48 | €52,544 | €58,270 | +€5,726 | +10.9% |
| Non-recurring operating income | 76A | €6,774 | - | -€6,774 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,870 | €3,975 | -€7,895 | -66.5% |
| Other operating charges | 640/8 | €2,058 | €1,909 | -€149 | -7.2% |
| Non-recurring operating charges | 66A | €1,075 | - | -€1,075 | |
| Gross operating margin | 9900 | €6,910 | -€9,363 | -€16,274 | |
| Operating profit (loss) | 9901 | -€8,093 | -€15,248 | -€7,155 | -88.4% |
| Financial income | 75/76B | €223 | €866 | +€643 | +287.5% |
| Recurring financial income | 75 | €223 | €8 | -€215 | -96.3% |
| Non-recurring financial income | 76B | - | €858 | +€858 | |
| Financial charges | 65/66B | €1,496 | €892 | -€604 | -40.4% |
| Recurring financial charges | 65 | €1,496 | €892 | -€604 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,366 | -€15,274 | -€5,908 | -63.1% |
| Profit (loss) for the period | 9904 | -€9,366 | -€15,274 | -€5,908 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,366 | -€15,274 | -€5,908 | -63.1% |
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 7 October 2026 via checked.be.