SIMONART PHILIPPE: 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.
SIMONART PHILIPPE
Largest movements
- Tangible fixed assets +€824,488
up €824,488 (+55.3%), from €1.5m to €2.3m
of which Land and buildings: +€756,108
- Cash -€782,897
down €782,897 (-79.4%), from €985,447 to €202,550
mainly Investment in fixed assets (net) (-€1.2m) and Receivables within one year (-€759,288)
- Receivables within one year +€759,288
up €759,288 (+436.9%), from €173,796 to €933,084
of which Other amounts receivable: +€387,300
- Financial fixed assets +€142,000
up €142,000 (+57.1%), from €248,861 to €390,861
- Current investments +€70,000
up €70,000 (+28.0%), from €250,000 to €320,000
- Debts after one year +€557,824
up €557,824 (+43.2%), from €1.3m to €1.8m
- Trade debts +€384,087
up €384,087 (+626.6%), from €61,299 to €445,386
- Other debts +€213,353
up €213,353 (+130.0%), from €164,075 to €377,428
- Tax, wage and social debts -€161,058
down €161,058 (-82.0%), from €196,368 to €35,309
of which Taxes: -€161,058
- Current portion of long-term debt +€60,064
up €60,064 (+45.5%), from €132,115 to €192,179
- Depreciation +€126,799
up €126,799 (+117.7%), from €107,710 to €234,509
- Other operating charges +€114,341
up €114,341 (+1167.8%), from €9,792 to €124,133
- Taxes -€72,498
down €72,498 (-36.5%), from €198,461 to €125,963
- Gross operating margin +€41,904
up €41,904 (+5.2%), from €808,901 to €850,805
- Financial income +€29,856
up €29,856 (+516.3%), from €5,783 to €35,639
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 | €3,179,746 | €4,194,680 | +€1.0m | +31.9% |
| Fixed assets | 21/28 | €1,739,558 | €2,706,046 | +€966,488 | +55.6% |
| Tangible fixed assets | 22/27 | €1,490,697 | €2,315,185 | +€824,488 | +55.3% |
| Land and buildings | 22 | €1,430,581 | €2,186,689 | +€756,108 | +52.9% |
| Plant, machinery and equipment | 23 | €20,659 | €48,774 | +€28,115 | +136.1% |
| Furniture and vehicles | 24 | €39,456 | €79,722 | +€40,265 | +102.1% |
| Financial fixed assets | 28 | €248,861 | €390,861 | +€142,000 | +57.1% |
| Current assets | 29/58 | €1,440,188 | €1,488,635 | +€48,447 | +3.4% |
| Amounts receivable after more than one year | 29 | €16,125 | €16,125 | = | 0.0% |
| Other amounts receivable | 291 | €16,125 | €16,125 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €173,796 | €933,084 | +€759,288 | +436.9% |
| Trade receivables | 40 | €66,404 | €438,392 | +€371,988 | +560.2% |
| Other amounts receivable | 41 | €107,391 | €494,691 | +€387,300 | +360.6% |
| Current investments | 50/53 | €250,000 | €320,000 | +€70,000 | +28.0% |
| Cash at bank and in hand | 54/58 | €985,447 | €202,550 | -€782,897 | -79.4% |
| Deferred charges and accrued income | 490/1 | €14,820 | €16,876 | +€2,056 | +13.9% |
| Total equity and liabilities | 10/49 | €3,179,746 | €4,194,680 | +€1.0m | +31.9% |
| Equity | 10/15 | €1,335,681 | €1,296,230 | -€39,451 | -3.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €980,089 | €940,638 | -€39,451 | -4.0% |
| Tax-exempt reserves | 132 | €147,350 | €147,350 | = | 0.0% |
| Distributable reserves | 133 | €832,739 | €793,288 | -€39,451 | -4.7% |
| Profit (loss) carried forward | 14 | €335,132 | €335,132 | = | 0.0% |
| Amounts payable | 17/49 | €1,844,065 | €2,898,450 | +€1.1m | +57.2% |
| Amounts payable after more than one year | 17 | €1,290,207 | €1,848,032 | +€557,824 | +43.2% |
| Financial debts | 170/4 | €1,290,207 | €1,848,032 | +€557,824 | +43.2% |
| Amounts payable within one year | 42/48 | €553,857 | €1,050,303 | +€496,446 | +89.6% |
| Current portion of amounts payable after more than one year | 42 | €132,115 | €192,179 | +€60,064 | +45.5% |
| Trade debts | 44 | €61,299 | €445,386 | +€384,087 | +626.6% |
| Suppliers | 440/4 | €61,299 | €445,386 | +€384,087 | +626.6% |
| Taxes, remuneration and social security | 45 | €196,368 | €35,309 | -€161,058 | -82.0% |
| Taxes | 450/3 | €189,802 | €28,744 | -€161,058 | -84.9% |
| Remuneration and social security | 454/9 | €6,566 | €6,566 | = | 0.0% |
| Other amounts payable | 47/48 | €164,075 | €377,428 | +€213,353 | +130.0% |
| Accrued charges and deferred income | 492/3 | - | €115 | +€115 | |
| Non-recurring operating income | 76A | €1,409 | €1,472 | +€63 | +4.5% |
| Remuneration, social security and pensions | 62 | €77,425 | €78,702 | +€1,276 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,710 | €234,509 | +€126,799 | +117.7% |
| Other operating charges | 640/8 | €9,792 | €124,133 | +€114,341 | +1167.8% |
| Gross operating margin | 9900 | €808,901 | €850,805 | +€41,904 | +5.2% |
| Operating profit (loss) | 9901 | €613,975 | €413,462 | -€200,513 | -32.7% |
| Financial income | 75/76B | €5,783 | €35,639 | +€29,856 | +516.3% |
| Recurring financial income | 75 | €5,783 | €35,639 | +€29,856 | +516.3% |
| Financial charges | 65/66B | €28,779 | €45,877 | +€17,098 | +59.4% |
| Recurring financial charges | 65 | €28,779 | €45,877 | +€17,098 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | €590,979 | €403,223 | -€187,756 | -31.8% |
| Income taxes | 67/77 | €198,461 | €125,963 | -€72,498 | -36.5% |
| Profit (loss) for the period | 9904 | €392,517 | €277,260 | -€115,258 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €392,517 | €277,260 | -€115,258 | -29.4% |
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 7 October 2026 via checked.be.