SIMONS-TENRET: 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-TENRET
Largest movements
- Cash +€490,796
up €490,796 (+214%), from €229,358 to €720,154
mainly Debts after one year (+€295,856) and Depreciation (+€183,441)
- Tangible fixed assets -€177,966
down €177,966 (-11.2%), from €1.6m to €1.4m
of which Plant, machinery and equipment: -€174,849
- Debts after one year +€295,856
new in 2025: €295,856
- Other debts -€45,508
down €45,508 (-2.5%), from €1.8m to €1.7m
- Current portion of long-term debt +€42,092
new in 2025: €42,092
- Staff costs +€35,352
up €35,352 (+39.5%), from €89,599 to €124,951
- Gross operating margin +€13,100
up €13,100 (+4.5%), from €292,966 to €306,066
- Financial charges +€7,578
up €7,578 (+5,226%), from €145 to €7,723
- Depreciation +€6,828
up €6,828 (+3.9%), from €176,613 to €183,441
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 | €1,827,417 | €2,139,960 | +€312,543 | +17.1% |
| Fixed assets | 21/28 | €1,591,945 | €1,413,979 | -€177,966 | -11.2% |
| Tangible fixed assets | 22/27 | €1,591,945 | €1,413,979 | -€177,966 | -11.2% |
| Land and buildings | 22 | €21,895 | €20,514 | -€1,381 | -6.3% |
| Plant, machinery and equipment | 23 | €1,562,652 | €1,387,803 | -€174,849 | -11.2% |
| Furniture and vehicles | 24 | €7,398 | €5,662 | -€1,736 | -23.5% |
| Current assets | 29/58 | €235,472 | €725,981 | +€490,509 | +208% |
| Amounts receivable within one year | 40/41 | €6,114 | €5,240 | -€874 | -14.3% |
| Trade receivables | 40 | €6,114 | €5,240 | -€874 | -14.3% |
| Cash at bank and in hand | 54/58 | €229,358 | €720,154 | +€490,796 | +214% |
| Deferred charges and accrued income | 490/1 | - | €587 | +€587 | |
| Total equity and liabilities | 10/49 | €1,827,417 | €2,139,960 | +€312,543 | +17.1% |
| Equity | 10/15 | €25,706 | €12,500 | -€13,206 | -51.4% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €22,106 | €22,106 | = | 0.0% |
| Distributable reserves | 133 | €22,106 | €22,106 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€13,206 | -€13,206 | |
| Amounts payable | 17/49 | €1,801,711 | €2,127,460 | +€325,749 | +18.1% |
| Amounts payable after more than one year | 17 | - | €295,856 | +€295,856 | |
| Financial debts | 170/4 | - | €295,856 | +€295,856 | |
| Amounts payable within one year | 42/48 | €1,801,711 | €1,822,604 | +€20,893 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | - | €42,092 | +€42,092 | |
| Trade debts | 44 | €7,453 | €13,168 | +€5,715 | +76.7% |
| Suppliers | 440/4 | €7,453 | €13,168 | +€5,715 | +76.7% |
| Taxes, remuneration and social security | 45 | €7,869 | €26,463 | +€18,594 | +236% |
| Taxes | 450/3 | €5,115 | €17,182 | +€12,067 | +236% |
| Remuneration and social security | 454/9 | €2,754 | €9,281 | +€6,527 | +237% |
| Other amounts payable | 47/48 | €1,786,389 | €1,740,881 | -€45,508 | -2.5% |
| Accrued charges and deferred income | 492/3 | - | €9,000 | +€9,000 | |
| Remuneration, social security and pensions | 62 | €89,599 | €124,951 | +€35,352 | +39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,613 | €183,441 | +€6,828 | +3.9% |
| Other operating charges | 640/8 | €2,293 | €3,879 | +€1,586 | +69.2% |
| Gross operating margin | 9900 | €292,966 | €306,066 | +€13,100 | +4.5% |
| Operating profit (loss) | 9901 | €24,461 | -€6,205 | -€30,666 | |
| Financial income | 75/76B | - | €1,027 | +€1,027 | |
| Recurring financial income | 75 | - | €1,027 | +€1,027 | |
| Financial charges | 65/66B | €145 | €7,723 | +€7,578 | +5,226% |
| Recurring financial charges | 65 | €145 | €7,723 | +€7,578 | +5,226% |
| Profit (loss) for the period before taxes | 9903 | €24,316 | -€12,901 | -€37,217 | |
| Income taxes | 67/77 | €2,210 | €305 | -€1,905 | -86.2% |
| Profit (loss) for the period | 9904 | €22,106 | -€13,206 | -€35,312 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,106 | -€13,206 | -€35,312 |
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.