SIMORA: 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.
SIMORA
Largest movements
- Receivables within one year +€41,765
up €41,765 (+53.4%), from €78,154 to €119,920
of which Other amounts receivable: +€30,631
- Cash -€27,741
down €27,741 (-91.1%), from €30,439 to €2,698
mainly Receivables within one year (-€41,765) and Tax, wage and social debts (-€30,170)
- Stocks and contracts -€4,573
down €4,573 (-2.0%), from €233,925 to €229,352
- Tax, wage and social debts -€30,170
down €30,170 (-39.0%), from €77,329 to €47,159
of which Taxes: -€33,214
- Debts after one year +€14,932
new in 2024: €14,932
- Trade debts +€14,134
up €14,134 (+9.2%), from €153,281 to €167,415
- Profit (loss) carried forward +€10,457
up €10,457 (+8.0%), from €131,315 to €141,772
- Current portion of long-term debt +€4,687
new in 2024: €4,687
- Gross operating margin -€68,442
down €68,442 (-33.0%), from €207,605 to €139,162
- Taxes -€12,665
down €12,665 (-61.8%), from €20,484 to €7,819
- Staff costs -€6,609
down €6,609 (-7.4%), from €89,083 to €82,474
- Depreciation +€2,138
up €2,138 (+10.1%), from €21,259 to €23,397
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 | €438,120 | €447,549 | +€9,429 | +2.2% |
| Fixed assets | 21/28 | €95,602 | €95,579 | -€23 | 0.0% |
| Tangible fixed assets | 22/27 | €60,602 | €60,579 | -€23 | 0.0% |
| Plant, machinery and equipment | 23 | €9,246 | €6,981 | -€2,265 | -24.5% |
| Furniture and vehicles | 24 | €22,186 | €23,628 | +€1,442 | +6.5% |
| Other tangible fixed assets | 26 | €29,170 | €29,970 | +€800 | +2.7% |
| Financial fixed assets | 28 | €35,000 | €35,000 | = | 0.0% |
| Current assets | 29/58 | €342,518 | €351,970 | +€9,452 | +2.8% |
| Stocks and contracts in progress | 3 | €233,925 | €229,352 | -€4,573 | -2.0% |
| Stocks | 30/36 | €233,925 | €229,352 | -€4,573 | -2.0% |
| Amounts receivable within one year | 40/41 | €78,154 | €119,920 | +€41,765 | +53.4% |
| Trade receivables | 40 | €66,849 | €77,983 | +€11,134 | +16.7% |
| Other amounts receivable | 41 | €11,306 | €41,937 | +€30,631 | +270.9% |
| Cash at bank and in hand | 54/58 | €30,439 | €2,698 | -€27,741 | -91.1% |
| Total equity and liabilities | 10/49 | €438,120 | €447,549 | +€9,429 | +2.2% |
| Equity | 10/15 | €166,315 | €176,772 | +€10,457 | +6.3% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,315 | €141,772 | +€10,457 | +8.0% |
| Provisions and deferred taxes | 16 | €36,585 | €36,585 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €36,585 | €36,585 | = | 0.0% |
| Environmental obligations | 163 | €36,585 | - | -€36,585 | |
| Other liabilities and charges | 164/5 | - | €36,585 | +€36,585 | |
| Amounts payable | 17/49 | €235,220 | €234,192 | -€1,028 | -0.4% |
| Amounts payable after more than one year | 17 | - | €14,932 | +€14,932 | |
| Financial debts | 170/4 | - | €14,932 | +€14,932 | |
| Amounts payable within one year | 42/48 | €235,220 | €219,261 | -€15,960 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | - | €4,687 | +€4,687 | |
| Trade debts | 44 | €153,281 | €167,415 | +€14,134 | +9.2% |
| Suppliers | 440/4 | €153,281 | €167,415 | +€14,134 | +9.2% |
| Taxes, remuneration and social security | 45 | €77,329 | €47,159 | -€30,170 | -39.0% |
| Taxes | 450/3 | €56,688 | €23,474 | -€33,214 | -58.6% |
| Remuneration and social security | 454/9 | €20,641 | €23,685 | +€3,044 | +14.8% |
| Other amounts payable | 47/48 | €4,611 | - | -€4,611 | |
| Remuneration, social security and pensions | 62 | €89,083 | €82,474 | -€6,609 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,259 | €23,397 | +€2,138 | +10.1% |
| Other operating charges | 640/8 | €12,463 | €10,417 | -€2,046 | -16.4% |
| Gross operating margin | 9900 | €207,605 | €139,162 | -€68,442 | -33.0% |
| Operating profit (loss) | 9901 | €84,800 | €22,875 | -€61,925 | -73.0% |
| Financial income | 75/76B | €1 | €5 | +€4 | +396.2% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +396.2% |
| Financial charges | 65/66B | €5,937 | €4,604 | -€1,334 | -22.5% |
| Recurring financial charges | 65 | €5,937 | €4,604 | -€1,334 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €78,863 | €18,276 | -€60,587 | -76.8% |
| Income taxes | 67/77 | €20,484 | €7,819 | -€12,665 | -61.8% |
| Profit (loss) for the period | 9904 | €58,379 | €10,457 | -€47,922 | -82.1% |
| Profit (loss) for the period to be appropriated | 9905 | €58,379 | €10,457 | -€47,922 | -82.1% |
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 3 October 2026 via checked.be.