SIMPAC: 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.
SIMPAC
Largest movements
- Cash +€15,149
up €15,149 (+140.3%), from €10,795 to €25,944
mainly Net result for the year (+€13,495) and Trade debts (+€9,481)
- Reserves +€13,495
up €13,495 (+8.1%), from €167,552 to €181,047
of which Distributable reserves: +€13,495
- Tax, wage and social debts -€9,688
down €9,688 (-25.0%), from €38,687 to €28,999
of which Taxes: -€9,446
- Trade debts +€9,481
up €9,481 (+945.9%), from €1,002 to €10,483
- Gross operating margin -€11,032
down €11,032 (-14.2%), from €77,472 to €66,439
- Staff costs -€8,700
down €8,700 (-17.3%), from €50,261 to €41,560
- Financial charges -€4,515
down €4,515 (-50.5%), from €8,936 to €4,421
- Taxes +€2,326
up €2,326 (+55.7%), from €4,175 to €6,501
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.
Cash bridge derived
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 | €419,770 | €434,918 | +€15,149 | +3.6% |
| Fixed assets | 21/28 | €390,000 | €390,000 | = | 0.0% |
| Financial fixed assets | 28 | €390,000 | €390,000 | = | 0.0% |
| Current assets | 29/58 | €29,770 | €44,918 | +€15,149 | +50.9% |
| Amounts receivable within one year | 40/41 | €18,975 | €18,975 | = | 0.0% |
| Trade receivables | 40 | €18,150 | €18,150 | = | 0.0% |
| Other amounts receivable | 41 | €825 | €825 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,795 | €25,944 | +€15,149 | +140.3% |
| Total equity and liabilities | 10/49 | €419,770 | €434,918 | +€15,149 | +3.6% |
| Equity | 10/15 | €217,552 | €231,047 | +€13,495 | +6.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €167,552 | €181,047 | +€13,495 | +8.1% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €162,552 | €176,047 | +€13,495 | +8.3% |
| Amounts payable | 17/49 | €202,218 | €203,872 | +€1,654 | +0.8% |
| Amounts payable within one year | 42/48 | €202,218 | €203,872 | +€1,654 | +0.8% |
| Financial debts | 43 | €4,186 | €4,163 | -€23 | -0.5% |
| Credit institutions | 430/8 | €4,186 | €4,163 | -€23 | -0.5% |
| Trade debts | 44 | €1,002 | €10,483 | +€9,481 | +945.9% |
| Suppliers | 440/4 | €1,002 | €10,483 | +€9,481 | +945.9% |
| Taxes, remuneration and social security | 45 | €38,687 | €28,999 | -€9,688 | -25.0% |
| Taxes | 450/3 | €22,937 | €13,492 | -€9,446 | -41.2% |
| Remuneration and social security | 454/9 | €15,750 | €15,507 | -€243 | -1.5% |
| Other amounts payable | 47/48 | €158,343 | €160,227 | +€1,884 | +1.2% |
| Remuneration, social security and pensions | 62 | €50,261 | €41,560 | -€8,700 | -17.3% |
| Other operating charges | 640/8 | €716 | €462 | -€254 | -35.5% |
| Gross operating margin | 9900 | €77,472 | €66,439 | -€11,032 | -14.2% |
| Operating profit (loss) | 9901 | €26,495 | €24,417 | -€2,078 | -7.8% |
| Financial charges | 65/66B | €8,936 | €4,421 | -€4,515 | -50.5% |
| Recurring financial charges | 65 | €8,936 | €4,421 | -€4,515 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | €17,559 | €19,996 | +€2,437 | +13.9% |
| Income taxes | 67/77 | €4,175 | €6,501 | +€2,326 | +55.7% |
| Profit (loss) for the period | 9904 | €13,384 | €13,495 | +€111 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,384 | €13,495 | +€111 | +0.8% |
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 9 October 2026 via checked.be.