SIMONS-SANTOS: 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.
SIMONS-SANTOS
Largest movements
- Tangible fixed assets -€244,048
down €244,048 (-28.7%), from €850,649 to €606,601
of which Leasing and similar rights: -€241,671
- Receivables within one year -€58,763
down €58,763 (-45.6%), from €128,900 to €70,137
of which Trade receivables: -€56,910
- Cash -€39,461
down €39,461 (-100%), from €39,461 to €0
mainly Debts after one year (-€175,164) and Trade debts (-€81,743)
- Deferred charges and accrued income +€13,500
up €13,500 (+124%), from €10,917 to €24,417
- Debts after one year -€175,164
down €175,164 (-37.5%), from €467,529 to €292,365
- Trade debts -€81,743
down €81,743 (-65.8%), from €124,258 to €42,515
- Current portion of long-term debt -€55,199
down €55,199 (-26.6%), from €207,765 to €152,567
- Tax, wage and social debts -€42,429
down €42,429 (-23.1%), from €183,935 to €141,506
of which Remuneration and social security: -€53,359
- Short-term financial debts +€17,832
up €17,832 (+55.6%), from €32,095 to €49,926
- Staff costs -€452,758
down €452,758 (-41.2%), from €1.1m to €644,884
- Gross operating margin -€295,225
down €295,225 (-25.4%), from €1.2m to €865,124
- Depreciation -€32,459
down €32,459 (-20.4%), from €158,918 to €126,459
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,033,908 | €705,135 | -€328,773 | -31.8% |
| Fixed assets | 21/28 | €854,629 | €610,581 | -€244,048 | -28.6% |
| Tangible fixed assets | 22/27 | €850,649 | €606,601 | -€244,048 | -28.7% |
| Land and buildings | 22 | €3,498 | €2,437 | -€1,061 | -30.3% |
| Plant, machinery and equipment | 23 | €6,234 | €4,769 | -€1,465 | -23.5% |
| Furniture and vehicles | 24 | €22,117 | €22,266 | +€149 | +0.7% |
| Leasing and similar rights | 25 | €818,801 | €577,130 | -€241,671 | -29.5% |
| Financial fixed assets | 28 | €3,980 | €3,980 | = | 0.0% |
| Current assets | 29/58 | €179,279 | €94,554 | -€84,725 | -47.3% |
| Amounts receivable within one year | 40/41 | €128,900 | €70,137 | -€58,763 | -45.6% |
| Trade receivables | 40 | €116,182 | €59,273 | -€56,910 | -49.0% |
| Other amounts receivable | 41 | €12,718 | €10,864 | -€1,854 | -14.6% |
| Cash at bank and in hand | 54/58 | €39,461 | €0 | -€39,461 | -100% |
| Deferred charges and accrued income | 490/1 | €10,917 | €24,417 | +€13,500 | +124% |
| Total equity and liabilities | 10/49 | €1,033,908 | €705,135 | -€328,773 | -31.8% |
| Equity | 10/15 | €18,325 | €23,778 | +€5,453 | +29.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,617 | €78,617 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €78,617 | €78,617 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,891 | -€73,439 | +€5,453 | +6.9% |
| Amounts payable | 17/49 | €1,015,583 | €681,358 | -€334,225 | -32.9% |
| Amounts payable after more than one year | 17 | €467,529 | €292,365 | -€175,164 | -37.5% |
| Financial debts | 170/4 | €467,529 | €292,365 | -€175,164 | -37.5% |
| Amounts payable within one year | 42/48 | €548,054 | €386,514 | -€161,540 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €207,765 | €152,567 | -€55,199 | -26.6% |
| Financial debts | 43 | €32,095 | €49,926 | +€17,832 | +55.6% |
| Credit institutions | 430/8 | €32,095 | €49,926 | +€17,832 | +55.6% |
| Trade debts | 44 | €124,258 | €42,515 | -€81,743 | -65.8% |
| Suppliers | 440/4 | €124,258 | €42,515 | -€81,743 | -65.8% |
| Taxes, remuneration and social security | 45 | €183,935 | €141,506 | -€42,429 | -23.1% |
| Taxes | 450/3 | €9,811 | €20,741 | +€10,930 | +111% |
| Remuneration and social security | 454/9 | €174,124 | €120,765 | -€53,359 | -30.6% |
| Accrued charges and deferred income | 492/3 | €0 | €2,478 | +€2,478 | |
| Remuneration, social security and pensions | 62 | €1,097,642 | €644,884 | -€452,758 | -41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,918 | €126,459 | -€32,459 | -20.4% |
| Other operating charges | 640/8 | €32,071 | €43,312 | +€11,241 | +35.1% |
| Gross operating margin | 9900 | €1,160,348 | €865,124 | -€295,225 | -25.4% |
| Operating profit (loss) | 9901 | -€128,282 | €50,468 | +€178,751 | |
| Financial income | 75/76B | €474 | €358 | -€116 | -24.5% |
| Recurring financial income | 75 | €474 | €358 | -€116 | -24.5% |
| Financial charges | 65/66B | €53,774 | €44,980 | -€8,793 | -16.4% |
| Recurring financial charges | 65 | €53,774 | €44,980 | -€8,793 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | -€181,582 | €5,846 | +€187,428 | |
| Income taxes | 67/77 | €414 | €393 | -€21 | -5.0% |
| Profit (loss) for the period | 9904 | -€181,996 | €5,453 | +€187,448 | |
| Profit (loss) for the period to be appropriated | 9905 | -€181,996 | €5,453 | +€187,448 |
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 14 October 2026 via checked.be.