SIMONS INVEST: 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.
What changed
SIMONS INVEST
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€40,685
2024 · €27,428+€13,257
Equity
€1.3m
2024 · €1.2m+€31,608
Cash
€85,613
2024 · €23,740+€61,873
Balance sheet total
€2.7m
2024 · €2.8m-€52,288
Largest movements
Assets
- Tangible fixed assets -€113,343
down €113,343 (-4.2%), from €2.7m to €2.6m
of which Land and buildings: -€103,870
- Cash +€61,873
up €61,873 (+261%), from €23,740 to €85,613
mainly Depreciation (+€120,648) and Net result for the year (+€40,685)
Equity and liabilities
- Debts after one year -€87,503
down €87,503 (-6.7%), from €1.3m to €1.2m
of which Financial debts: -€127,503
- Reserves +€31,608
up €31,608 (+9.4%), from €335,151 to €366,759
of which Distributable reserves: +€34,760
Income statement
- Gross operating margin +€42,182
up €42,182 (+18.3%), from €230,100 to €272,282
- Financial charges +€15,005
up €15,005 (+41.6%), from €36,041 to €51,046
- Taxes +€10,509
up €10,509 (+63.6%), from €16,527 to €27,036
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.
Result 2024
€27,428
Gross operating margin
+€42,182
Depreciation
+€1,523
Other operating charges
-€1,518
Other operating items
-€3,416
Financial income
+€0
Financial charges
-€15,005
Taxes
-€10,509
Result 2025
€40,685
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€165,028
Investment
-€7,305
Financing
-€95,850
Cash 2024
€23,740
From operations (derived)
+€165,028
Net result for the year
+€40,685
Depreciation
+€120,648
Receivables within one year
-€497
Deferred charges and accrued income
+€1,315
Provisions
-€788
Trade debts
+€6,247
Tax, wage and social debts
+€13,243
Other debts
-€11,691
Accrued charges and deferred income
-€4,134
Investment (derived)
-€7,305
Investment in fixed assets (net)
-€7,305
Financing
-€95,850
Debts after one year
-€87,503
Current portion of long-term debt
+€729
Contributions, distributions and other
-€9,077
Cash 2025
€85,613
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,759,061 | €2,706,773 | -€52,288 | -1.9% |
| Fixed assets | 21/28 | €2,728,136 | €2,614,794 | -€113,343 | -4.2% |
| Tangible fixed assets | 22/27 | €2,728,136 | €2,614,794 | -€113,343 | -4.2% |
| Land and buildings | 22 | €2,681,209 | €2,577,340 | -€103,870 | -3.9% |
| Plant, machinery and equipment | 23 | €19,765 | €24,033 | +€4,268 | +21.6% |
| Furniture and vehicles | 24 | €27,162 | €13,421 | -€13,741 | -50.6% |
| Current assets | 29/58 | €30,925 | €91,979 | +€61,054 | +197% |
| Amounts receivable within one year | 40/41 | €1,228 | €1,725 | +€497 | +40.4% |
| Trade receivables | 40 | €837 | €1,725 | +€888 | +106% |
| Other amounts receivable | 41 | €391 | - | -€391 | |
| Cash at bank and in hand | 54/58 | €23,740 | €85,613 | +€61,873 | +261% |
| Deferred charges and accrued income | 490/1 | €5,957 | €4,642 | -€1,315 | -22.1% |
| Total equity and liabilities | 10/49 | €2,759,061 | €2,706,773 | -€52,288 | -1.9% |
| Equity | 10/15 | €1,228,141 | €1,259,749 | +€31,608 | +2.6% |
| Contributions | 10/11 | €892,500 | €892,500 | = | 0.0% |
| Reserves | 13 | €335,151 | €366,759 | +€31,608 | +9.4% |
| Non-distributable reserves | 130/1 | €23,550 | €23,550 | = | 0.0% |
| Reserves not available under the articles | 1311 | €23,550 | €23,550 | = | 0.0% |
| Tax-exempt reserves | 132 | €66,192 | €63,040 | -€3,152 | -4.8% |
| Distributable reserves | 133 | €245,409 | €280,169 | +€34,760 | +14.2% |
| Profit (loss) carried forward | 14 | €490 | €490 | = | 0.0% |
| Provisions and deferred taxes | 16 | €16,548 | €15,760 | -€788 | -4.8% |
| Deferred taxes | 168 | €16,548 | €15,760 | -€788 | -4.8% |
| Amounts payable | 17/49 | €1,514,373 | €1,431,264 | -€83,109 | -5.5% |
| Amounts payable after more than one year | 17 | €1,309,562 | €1,222,060 | -€87,503 | -6.7% |
| Financial debts | 170/4 | €1,304,312 | €1,176,810 | -€127,503 | -9.8% |
| Advances received on contracts in progress | 176 | - | €40,000 | +€40,000 | |
| Other amounts payable | 178/9 | €5,250 | €5,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €157,263 | €165,791 | +€8,528 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €118,395 | €119,124 | +€729 | +0.6% |
| Trade debts | 44 | €1,064 | €7,311 | +€6,247 | +587% |
| Suppliers | 440/4 | €1,064 | €7,311 | +€6,247 | +587% |
| Taxes, remuneration and social security | 45 | €17,491 | €30,734 | +€13,243 | +75.7% |
| Taxes | 450/3 | €17,491 | €30,734 | +€13,243 | +75.7% |
| Other amounts payable | 47/48 | €20,314 | €8,623 | -€11,691 | -57.6% |
| Accrued charges and deferred income | 492/3 | €47,548 | €43,414 | -€4,134 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,171 | €120,648 | -€1,523 | -1.2% |
| Other operating charges | 640/8 | €28,721 | €30,239 | +€1,518 | +5.3% |
| Non-recurring operating charges | 66A | - | €3,416 | +€3,416 | |
| Gross operating margin | 9900 | €230,100 | €272,282 | +€42,182 | +18.3% |
| Operating profit (loss) | 9901 | €79,209 | €117,979 | +€38,771 | +48.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +375% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +375% |
| Financial charges | 65/66B | €36,041 | €51,046 | +€15,005 | +41.6% |
| Recurring financial charges | 65 | €36,041 | €51,046 | +€15,005 | +41.6% |
| Profit (loss) for the period before taxes | 9903 | €43,167 | €66,933 | +€23,766 | +55.1% |
| Transfer from deferred taxes | 780 | €788 | €788 | = | 0.0% |
| Income taxes | 67/77 | €16,527 | €27,036 | +€10,509 | +63.6% |
| Profit (loss) for the period | 9904 | €27,428 | €40,685 | +€13,257 | +48.3% |
| Transfer from tax-exempt reserves | 789 | €3,152 | €3,152 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,580 | €43,837 | +€13,257 | +43.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.