SIMONS 4: 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.
SIMONS 4
Largest movements
- Receivables within one year +€26,377
up €26,377 (+114682.6%), from €23 to €26,400
- Tangible fixed assets +€18,615
up €18,615 (+47.3%), from €39,350 to €57,965
of which Plant, machinery and equipment: +€12,164
- Stocks and contracts +€15,406
up €15,406 (+3.3%), from €471,960 to €487,366
- Cash -€6,864
down €6,864 (-26.2%), from €26,232 to €19,368
mainly Investment in fixed assets (net) (-€28,217) and Accrued charges and deferred income (-€26,469)
- Other debts +€65,040
up €65,040 (+18066.7%), from €360 to €65,400
- Accrued charges and deferred income -€26,469
no longer reported in 2025 (was €26,469)
- Trade debts +€20,214
up €20,214 (+71.1%), from €28,412 to €48,626
- Current portion of long-term debt -€10,375
down €10,375 (-50.0%), from €20,750 to €10,375
- Debts after one year +€9,625
up €9,625 (+2.7%), from €355,375 to €365,000
- Financial charges -€25,551
down €25,551 (-89.3%), from €28,605 to €3,054
of which Financial charges: -€25,798
- Gross operating margin -€21,928
down €21,928 (-29.7%), from €73,726 to €51,798
- Staff costs +€14,221
up €14,221 (+35.7%), from €39,817 to €54,038
- Financial income +€11,681
up €11,681 (+84.9%), from €13,765 to €25,446
of which Non-recurring financial income: +€9,079
- Depreciation +€4,985
up €4,985 (+64.9%), from €7,686 to €12,671
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 | €560,240 | €616,308 | +€56,068 | +10.0% |
| Fixed assets | 21/28 | €57,500 | €73,046 | +€15,546 | +27.0% |
| Intangible fixed assets | 21 | €15,440 | €12,352 | -€3,088 | -20.0% |
| Tangible fixed assets | 22/27 | €39,350 | €57,965 | +€18,615 | +47.3% |
| Plant, machinery and equipment | 23 | €1,808 | €13,972 | +€12,164 | +672.8% |
| Furniture and vehicles | 24 | €33,862 | €41,127 | +€7,265 | +21.5% |
| Other tangible fixed assets | 26 | €3,680 | €2,866 | -€814 | -22.1% |
| Financial fixed assets | 28 | €2,710 | €2,729 | +€19 | +0.7% |
| Current assets | 29/58 | €502,740 | €543,262 | +€40,522 | +8.1% |
| Stocks and contracts in progress | 3 | €471,960 | €487,366 | +€15,406 | +3.3% |
| Stocks | 30/36 | €471,960 | €487,366 | +€15,406 | +3.3% |
| Amounts receivable within one year | 40/41 | €23 | €26,400 | +€26,377 | +114682.6% |
| Other amounts receivable | 41 | €23 | €26,400 | +€26,377 | +114682.6% |
| Cash at bank and in hand | 54/58 | €26,232 | €19,368 | -€6,864 | -26.2% |
| Deferred charges and accrued income | 490/1 | €4,525 | €10,128 | +€5,603 | +123.8% |
| Total equity and liabilities | 10/49 | €560,240 | €616,308 | +€56,068 | +10.0% |
| Equity | 10/15 | €107,752 | €108,439 | +€687 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €89,152 | €89,839 | +€687 | +0.8% |
| Distributable reserves | 133 | €89,152 | €89,839 | +€687 | +0.8% |
| Provisions and deferred taxes | 16 | €2,975 | €2,975 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,975 | €2,975 | = | 0.0% |
| Pensions and similar obligations | 160 | €2,975 | €2,975 | = | 0.0% |
| Amounts payable | 17/49 | €449,513 | €504,894 | +€55,381 | +12.3% |
| Amounts payable after more than one year | 17 | €355,375 | €365,000 | +€9,625 | +2.7% |
| Financial debts | 170/4 | €355,375 | €365,000 | +€9,625 | +2.7% |
| Amounts payable within one year | 42/48 | €67,669 | €139,894 | +€72,225 | +106.7% |
| Current portion of amounts payable after more than one year | 42 | €20,750 | €10,375 | -€10,375 | -50.0% |
| Trade debts | 44 | €28,412 | €48,626 | +€20,214 | +71.1% |
| Suppliers | 440/4 | €28,412 | €48,626 | +€20,214 | +71.1% |
| Taxes, remuneration and social security | 45 | €18,147 | €15,493 | -€2,654 | -14.6% |
| Taxes | 450/3 | €10,101 | €6,000 | -€4,101 | -40.6% |
| Remuneration and social security | 454/9 | €8,046 | €9,493 | +€1,447 | +18.0% |
| Other amounts payable | 47/48 | €360 | €65,400 | +€65,040 | +18066.7% |
| Accrued charges and deferred income | 492/3 | €26,469 | - | -€26,469 | |
| Remuneration, social security and pensions | 62 | €39,817 | €54,038 | +€14,221 | +35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,686 | €12,671 | +€4,985 | +64.9% |
| Other operating charges | 640/8 | €6,580 | €6,794 | +€214 | +3.3% |
| Gross operating margin | 9900 | €73,726 | €51,798 | -€21,928 | -29.7% |
| Operating profit (loss) | 9901 | €19,643 | -€21,705 | -€41,348 | |
| Financial income | 75/76B | €13,765 | €25,446 | +€11,681 | +84.9% |
| Recurring financial income | 75 | €13,765 | €16,367 | +€2,602 | +18.9% |
| Non-recurring financial income | 76B | - | €9,079 | +€9,079 | |
| Financial charges | 65/66B | €28,605 | €3,054 | -€25,551 | -89.3% |
| Recurring financial charges | 65 | €28,342 | €2,544 | -€25,798 | -91.0% |
| Non-recurring financial charges | 66B | €263 | €510 | +€247 | +93.9% |
| Profit (loss) for the period before taxes | 9903 | €4,803 | €687 | -€4,116 | -85.7% |
| Profit (loss) for the period | 9904 | €4,803 | €687 | -€4,116 | -85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,803 | €687 | -€4,116 | -85.7% |
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 6 October 2026 via checked.be.