Simons Hugo: 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 Hugo
Largest movements
- Stocks and contracts +€8,483
up €8,483 (+267.1%), from €3,176 to €11,659
of which Contracts in progress: +€8,473
- Tangible fixed assets -€7,400
down €7,400 (-50.2%), from €14,741 to €7,341
of which Leasing and similar rights: -€6,232
- Cash -€6,071
down €6,071 (-38.0%), from €15,985 to €9,914
mainly Stocks and contracts (-€8,483) and Debts after one year (-€4,707)
- Receivables within one year +€1,548
up €1,548 (+139.4%), from €1,110 to €2,658
of which Trade receivables: +€799
- Trade debts +€4,896
up €4,896 (+129.8%), from €3,771 to €8,666
- Debts after one year -€4,707
no longer reported in 2024 (was €4,707)
- Tax, wage and social debts -€2,835
down €2,835 (-84.2%), from €3,368 to €533
of which Remuneration and social security: -€2,145
- Profit (loss) carried forward -€747
down €747 (-33.2%), from -€2,249 to -€2,996
- Other debts -€570
down €570 (-47.6%), from €1,196 to €626
- Gross operating margin +€1,048
up €1,048 (+13.7%), from €7,626 to €8,673
- Other operating charges -€393
down €393 (-20.2%), from €1,940 to €1,547
- Depreciation -€262
down €262 (-3.5%), from €7,495 to €7,233
- Financial income -€136
no longer reported in 2024 (was €136)
- Financial charges -€109
down €109 (-23.3%), from €467 to €358
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,012 | €31,571 | -€3,441 | -9.8% |
| Fixed assets | 21/28 | €14,741 | €7,341 | -€7,400 | -50.2% |
| Tangible fixed assets | 22/27 | €14,741 | €7,341 | -€7,400 | -50.2% |
| Plant, machinery and equipment | 23 | €919 | €387 | -€532 | -57.9% |
| Furniture and vehicles | 24 | €2,916 | €2,280 | -€636 | -21.8% |
| Leasing and similar rights | 25 | €10,906 | €4,674 | -€6,232 | -57.1% |
| Current assets | 29/58 | €20,271 | €24,230 | +€3,959 | +19.5% |
| Stocks and contracts in progress | 3 | €3,176 | €11,659 | +€8,483 | +267.1% |
| Stocks | 30/36 | €3,176 | €3,186 | +€10 | +0.3% |
| Contracts in progress | 37 | - | €8,473 | +€8,473 | |
| Amounts receivable within one year | 40/41 | €1,110 | €2,658 | +€1,548 | +139.4% |
| Trade receivables | 40 | €525 | €1,324 | +€799 | +152.1% |
| Other amounts receivable | 41 | €585 | €1,334 | +€749 | +128.0% |
| Cash at bank and in hand | 54/58 | €15,985 | €9,914 | -€6,071 | -38.0% |
| Total equity and liabilities | 10/49 | €35,012 | €31,571 | -€3,441 | -9.8% |
| Equity | 10/15 | €17,785 | €17,038 | -€747 | -4.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,834 | €13,834 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €11,974 | €11,974 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,249 | -€2,996 | -€747 | -33.2% |
| Amounts payable | 17/49 | €17,226 | €14,533 | -€2,694 | -15.6% |
| Amounts payable after more than one year | 17 | €4,707 | - | -€4,707 | |
| Financial debts | 170/4 | €4,707 | - | -€4,707 | |
| Amounts payable within one year | 42/48 | €12,519 | €14,533 | +€2,013 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €4,184 | €4,707 | +€523 | +12.5% |
| Trade debts | 44 | €3,771 | €8,666 | +€4,896 | +129.8% |
| Suppliers | 440/4 | €3,771 | €8,666 | +€4,896 | +129.8% |
| Taxes, remuneration and social security | 45 | €3,368 | €533 | -€2,835 | -84.2% |
| Taxes | 450/3 | €1,223 | €533 | -€690 | -56.4% |
| Remuneration and social security | 454/9 | €2,145 | - | -€2,145 | |
| Other amounts payable | 47/48 | €1,196 | €626 | -€570 | -47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,495 | €7,233 | -€262 | -3.5% |
| Other operating charges | 640/8 | €1,940 | €1,547 | -€393 | -20.2% |
| Non-recurring operating charges | 66A | - | €167 | +€167 | |
| Gross operating margin | 9900 | €7,626 | €8,673 | +€1,048 | +13.7% |
| Operating profit (loss) | 9901 | -€1,809 | -€274 | +€1,535 | +84.9% |
| Financial income | 75/76B | €136 | - | -€136 | |
| Recurring financial income | 75 | €136 | - | -€136 | |
| Financial charges | 65/66B | €467 | €358 | -€109 | -23.3% |
| Recurring financial charges | 65 | €467 | €358 | -€109 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,140 | -€632 | +€1,508 | +70.5% |
| Income taxes | 67/77 | €109 | €115 | +€7 | +6.1% |
| Profit (loss) for the period | 9904 | -€2,249 | -€747 | +€1,502 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,249 | -€747 | +€1,502 | +66.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.