SIMONNEAU & PARTNERS: 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.
SIMONNEAU & PARTNERS
Largest movements
- Cash +€205,415
up €205,415 (+168.2%), from €122,143 to €327,558
mainly Other debts (+€355,054) and Net result for the year (+€255,758)
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Tangible fixed assets +€186,585
up €186,585 (+15.8%), from €1.2m to €1.4m
of which Land and buildings: +€165,231
- Receivables within one year +€55,710
up €55,710 (+172.3%), from €32,338 to €88,048
of which Other amounts receivable: +€55,355
- Other debts +€355,054
new in 2025: €355,054
- Accrued charges and deferred income -€178,299
down €178,299 (-92.0%), from €193,756 to €15,457
- Debts after one year -€83,900
down €83,900 (-23.5%), from €356,623 to €272,722
of which Financial debts: -€85,200
- Reserves +€59,758
up €59,758 (+8.8%), from €681,105 to €740,863
of which Distributable reserves: +€59,758
- Current portion of long-term debt +€43,382
new in 2025: €43,382
- Depreciation +€9,316
up €9,316 (+10.4%), from €89,559 to €98,874
- Gross operating margin +€6,631
up €6,631 (+7.3%), from €90,600 to €97,231
- Other operating charges +€2,758
up €2,758 (+279.8%), from €986 to €3,744
- Financial charges -€1,598
down €1,598 (-10.9%), from €14,601 to €13,004
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 | €1,576,261 | €1,823,971 | +€247,710 | +15.7% |
| Fixed assets | 21/28 | €1,221,780 | €1,408,364 | +€186,585 | +15.3% |
| Tangible fixed assets | 22/27 | €1,178,580 | €1,365,164 | +€186,585 | +15.8% |
| Land and buildings | 22 | €1,166,838 | €1,332,069 | +€165,231 | +14.2% |
| Plant, machinery and equipment | 23 | - | €25,267 | +€25,267 | |
| Leasing and similar rights | 25 | €11,742 | €7,828 | -€3,914 | -33.3% |
| Financial fixed assets | 28 | €43,200 | €43,200 | = | 0.0% |
| Current assets | 29/58 | €354,481 | €415,606 | +€61,126 | +17.2% |
| Amounts receivable within one year | 40/41 | €32,338 | €88,048 | +€55,710 | +172.3% |
| Trade receivables | 40 | €1,978 | €2,333 | +€355 | +18.0% |
| Other amounts receivable | 41 | €30,360 | €85,715 | +€55,355 | +182.3% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €122,143 | €327,558 | +€205,415 | +168.2% |
| Total equity and liabilities | 10/49 | €1,576,261 | €1,823,971 | +€247,710 | +15.7% |
| Equity | 10/15 | €969,165 | €1,028,923 | +€59,758 | +6.2% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Capital | 10 | €118,600 | €118,600 | = | 0.0% |
| Issued capital | 100 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €681,105 | €740,863 | +€59,758 | +8.8% |
| Non-distributable reserves | 130/1 | €11,860 | €11,860 | = | 0.0% |
| Legal reserve | 130 | €11,860 | €11,860 | = | 0.0% |
| Distributable reserves | 133 | €669,245 | €729,003 | +€59,758 | +8.9% |
| Profit (loss) carried forward | 14 | €169,460 | €169,460 | = | 0.0% |
| Provisions and deferred taxes | 16 | €40,000 | €40,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €40,000 | €40,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable | 17/49 | €567,096 | €755,048 | +€187,952 | +33.1% |
| Amounts payable after more than one year | 17 | €356,623 | €272,722 | -€83,900 | -23.5% |
| Financial debts | 170/4 | €354,923 | €269,722 | -€85,200 | -24.0% |
| Other amounts payable | 178/9 | €1,700 | €3,000 | +€1,300 | +76.5% |
| Amounts payable within one year | 42/48 | €16,717 | €466,868 | +€450,151 | +2692.8% |
| Current portion of amounts payable after more than one year | 42 | - | €43,382 | +€43,382 | |
| Financial debts | 43 | €7,592 | €32,195 | +€24,603 | +324.1% |
| Credit institutions | 430/8 | €7,592 | €32,195 | +€24,603 | +324.1% |
| Trade debts | 44 | €9,125 | €4,780 | -€4,345 | -47.6% |
| Suppliers | 440/4 | €9,125 | €4,780 | -€4,345 | -47.6% |
| Taxes, remuneration and social security | 45 | - | €31,457 | +€31,457 | |
| Taxes | 450/3 | - | €31,457 | +€31,457 | |
| Other amounts payable | 47/48 | - | €355,054 | +€355,054 | |
| Accrued charges and deferred income | 492/3 | €193,756 | €15,457 | -€178,299 | -92.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,559 | €98,874 | +€9,316 | +10.4% |
| Other operating charges | 640/8 | €986 | €3,744 | +€2,758 | +279.8% |
| Gross operating margin | 9900 | €90,600 | €97,231 | +€6,631 | +7.3% |
| Operating profit (loss) | 9901 | €56 | -€5,387 | -€5,443 | |
| Financial income | 75/76B | €299,223 | €299,801 | +€578 | +0.2% |
| Recurring financial income | 75 | €299,223 | €299,801 | +€578 | +0.2% |
| Financial charges | 65/66B | €14,601 | €13,004 | -€1,598 | -10.9% |
| Recurring financial charges | 65 | €14,601 | €13,004 | -€1,598 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €284,677 | €281,410 | -€3,267 | -1.1% |
| Income taxes | 67/77 | €26,057 | €25,652 | -€405 | -1.6% |
| Profit (loss) for the period | 9904 | €258,620 | €255,758 | -€2,862 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €258,620 | €255,758 | -€2,862 | -1.1% |
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 12 October 2026 via checked.be.