SIMON VAN PAEMEL: 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 VAN PAEMEL
Largest movements
- Receivables within one year +€2,851
up €2,851 (+11,977%), from €24 to €2,874
of which Other amounts receivable: +€2,552
- Cash -€801
down €801 (-12.1%), from €6,610 to €5,809
mainly Other debts (-€5,132) and Receivables within one year (-€2,851)
- Tangible fixed assets -€434
down €434 (-10.6%), from €4,084 to €3,650
of which Plant, machinery and equipment: -€434
- Reserves +€6,020
up €6,020 (+96.6%), from €6,232 to €12,252
- Other debts -€5,132
down €5,132 (-87.1%), from €5,895 to €763
- Tax, wage and social debts +€1,036
up €1,036 (+71.0%), from €1,459 to €2,495
- Gross operating margin +€1,690
up €1,690 (+16.7%), from €10,145 to €11,835
- Taxes +€1,366
up €1,366 (+66.9%), from €2,041 to €3,407
- Depreciation -€370
down €370 (-26.5%), from €1,397 to €1,028
- Other operating charges +€347
up €347 (+40.2%), from €863 to €1,210
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 | €15,138 | €16,922 | +€1,784 | +11.8% |
| Fixed assets | 21/28 | €4,084 | €3,650 | -€434 | -10.6% |
| Tangible fixed assets | 22/27 | €4,084 | €3,650 | -€434 | -10.6% |
| Plant, machinery and equipment | 23 | €2,861 | €2,427 | -€434 | -15.2% |
| Furniture and vehicles | 24 | €1,223 | €1,223 | = | 0.0% |
| Current assets | 29/58 | €11,054 | €13,272 | +€2,218 | +20.1% |
| Amounts receivable within one year | 40/41 | €24 | €2,874 | +€2,851 | +11,977% |
| Trade receivables | 40 | - | €299 | +€299 | |
| Other amounts receivable | 41 | €24 | €2,576 | +€2,552 | +10,723% |
| Cash at bank and in hand | 54/58 | €6,610 | €5,809 | -€801 | -12.1% |
| Deferred charges and accrued income | 490/1 | €4,420 | €4,589 | +€169 | +3.8% |
| Total equity and liabilities | 10/49 | €15,138 | €16,922 | +€1,784 | +11.8% |
| Equity | 10/15 | €7,232 | €13,252 | +€6,020 | +83.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €6,232 | €12,252 | +€6,020 | +96.6% |
| Distributable reserves | 133 | €6,232 | €12,252 | +€6,020 | +96.6% |
| Amounts payable | 17/49 | €7,906 | €3,670 | -€4,236 | -53.6% |
| Amounts payable within one year | 42/48 | €7,906 | €3,670 | -€4,236 | -53.6% |
| Trade debts | 44 | €552 | €412 | -€140 | -25.4% |
| Suppliers | 440/4 | €552 | €412 | -€140 | -25.4% |
| Taxes, remuneration and social security | 45 | €1,459 | €2,495 | +€1,036 | +71.0% |
| Taxes | 450/3 | €1,459 | €2,495 | +€1,036 | +71.0% |
| Other amounts payable | 47/48 | €5,895 | €763 | -€5,132 | -87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,397 | €1,028 | -€370 | -26.5% |
| Other operating charges | 640/8 | €863 | €1,210 | +€347 | +40.2% |
| Gross operating margin | 9900 | €10,145 | €11,835 | +€1,690 | +16.7% |
| Operating profit (loss) | 9901 | €7,885 | €9,598 | +€1,713 | +21.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | +50.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +50.0% |
| Financial charges | 65/66B | €153 | €171 | +€18 | +11.7% |
| Recurring financial charges | 65 | €153 | €171 | +€18 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €7,732 | €9,427 | +€1,695 | +21.9% |
| Income taxes | 67/77 | €2,041 | €3,407 | +€1,366 | +66.9% |
| Profit (loss) for the period | 9904 | €5,691 | €6,020 | +€329 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,691 | €6,020 | +€329 | +5.8% |
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 21 October 2026 via checked.be.