SIMPEX GROUP INTERNATIONAL: 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
SIMPEX GROUP INTERNATIONAL
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €1.9m-€600,945
Equity
€10.4m
2024 · €9.1m+€1.3m
Cash
€905,039
2024 · €746,725+€158,314
Balance sheet total
€19.7m
2024 · €21.3m-€1.6m
Largest movements
Assets
- Current investments -€2.2m
down €2.2m (-73.3%), from €3.0m to €800,000
- Receivables within one year +€1.0m
up €1.0m (+286%), from €355,948 to €1.4m
of which Trade receivables: +€1.4m
- Tangible fixed assets -€592,351
down €592,351 (-3.7%), from €16.2m to €15.6m
of which Land and buildings: -€441,741
Equity and liabilities
- Other debts -€1.9m
down €1.9m (-65.1%), from €3.0m to €1.0m
- Reserves +€1.3m
up €1.3m (+34.3%), from €3.9m to €5.2m
of which Tax-exempt reserves: +€834,790
- Debts after one year -€947,879
down €947,879 (-12.4%), from €7.6m to €6.7m
of which Financial debts: -€944,659
Income statement
- Gross operating margin -€1.4m
down €1.4m (-26.7%), from €5.1m to €3.7m
- Staff costs -€836,528
down €836,528 (-66.6%), from €1.3m to €420,265
- Other operating charges +€206,384
up €206,384 (+377%), from €54,795 to €261,179
- Taxes -€162,305
down €162,305 (-17.0%), from €956,079 to €793,774
- Depreciation +€68,305
up €68,305 (+11.3%), from €604,645 to €672,951
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
€1.9m
Gross operating margin
-€1.4m
Staff costs
+€836,528
Depreciation
-€68,305
Other operating charges
-€206,384
Financial income
-€6,469
Financial charges
+€40,253
Taxes
+€162,305
Result 2025
€1.3m
raises the resultlowers the result
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
-€1.0m
Investment
+€2.1m
Financing
-€925,951
Cash 2024
€746,725
From operations (derived)
-€1.0m
Net result for the year
+€1.3m
Depreciation
+€672,951
Receivables within one year
-€1.0m
Smaller working-capital items
-€6,415
Trade debts
-€90,636
Other debts
-€1.9m
Investment (derived)
+€2.1m
Investment in fixed assets (net)
-€80,599
Current investments
+€2.2m
Financing
-€925,951
Debts after one year
-€947,879
Current portion of long-term debt
+€10,680
Short-term financial debts
+€11,667
Contributions, distributions and other
-€419
Cash 2025
€905,039
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,316,782 | €19,699,761 | -€1.6m | -7.6% |
| Fixed assets | 21/28 | €17,214,110 | €16,621,758 | -€592,351 | -3.4% |
| Tangible fixed assets | 22/27 | €16,203,387 | €15,611,036 | -€592,351 | -3.7% |
| Land and buildings | 22 | €15,371,876 | €14,930,134 | -€441,741 | -2.9% |
| Plant, machinery and equipment | 23 | €616,309 | €534,250 | -€82,059 | -13.3% |
| Furniture and vehicles | 24 | €215,203 | €146,652 | -€68,551 | -31.9% |
| Financial fixed assets | 28 | €1,010,722 | €1,010,722 | = | 0.0% |
| Current assets | 29/58 | €4,102,673 | €3,078,003 | -€1.0m | -25.0% |
| Amounts receivable within one year | 40/41 | €355,948 | €1,372,964 | +€1.0m | +286% |
| Trade receivables | 40 | €253 | €1,362,926 | +€1.4m | +538,968% |
| Other amounts receivable | 41 | €355,695 | €10,038 | -€345,657 | -97.2% |
| Current investments | 50/53 | €3,000,000 | €800,000 | -€2.2m | -73.3% |
| Cash at bank and in hand | 54/58 | €746,725 | €905,039 | +€158,314 | +21.2% |
| Total equity and liabilities | 10/49 | €21,316,782 | €19,699,761 | -€1.6m | -7.6% |
| Equity | 10/15 | €9,072,216 | €10,403,164 | +€1.3m | +14.7% |
| Contributions | 10/11 | €3,846,050 | €3,846,050 | = | 0.0% |
| Capital | 10 | €3,846,050 | €3,846,050 | = | 0.0% |
| Issued capital | 100 | €3,846,050 | €3,846,050 | = | 0.0% |
| Reserves | 13 | €3,877,880 | €5,209,247 | +€1.3m | +34.3% |
| Non-distributable reserves | 130/1 | €384,605 | €384,605 | = | 0.0% |
| Legal reserve | 130 | €384,605 | €384,605 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,070,715 | €1,905,505 | +€834,790 | +78.0% |
| Distributable reserves | 133 | €2,422,560 | €2,919,137 | +€496,577 | +20.5% |
| Profit (loss) carried forward | 14 | €1,348,286 | €1,347,867 | -€419 | 0.0% |
| Provisions and deferred taxes | 16 | €65,322 | €62,918 | -€2,403 | -3.7% |
| Deferred taxes | 168 | €65,322 | €62,918 | -€2,403 | -3.7% |
| Amounts payable | 17/49 | €12,179,245 | €9,233,679 | -€2.9m | -24.2% |
| Amounts payable after more than one year | 17 | €7,631,905 | €6,684,026 | -€947,879 | -12.4% |
| Financial debts | 170/4 | €7,593,940 | €6,649,281 | -€944,659 | -12.4% |
| Other amounts payable | 178/9 | €37,965 | €34,745 | -€3,220 | -8.5% |
| Amounts payable within one year | 42/48 | €4,547,340 | €2,548,903 | -€2.0m | -43.9% |
| Current portion of amounts payable after more than one year | 42 | €933,979 | €944,659 | +€10,680 | +1.1% |
| Financial debts | 43 | €229,167 | €240,833 | +€11,667 | +5.1% |
| Credit institutions | 430/8 | €229,167 | €240,833 | +€11,667 | +5.1% |
| Trade debts | 44 | €225,939 | €135,303 | -€90,636 | -40.1% |
| Suppliers | 440/4 | €225,939 | €135,303 | -€90,636 | -40.1% |
| Taxes, remuneration and social security | 45 | €199,489 | €194,727 | -€4,762 | -2.4% |
| Taxes | 450/3 | €51,806 | €29,595 | -€22,211 | -42.9% |
| Remuneration and social security | 454/9 | €147,683 | €165,132 | +€17,449 | +11.8% |
| Other amounts payable | 47/48 | €2,958,767 | €1,033,381 | -€1.9m | -65.1% |
| Accrued charges and deferred income | 492/3 | - | €750 | +€750 | |
| Remuneration, social security and pensions | 62 | €1,256,793 | €420,265 | -€836,528 | -66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €604,645 | €672,951 | +€68,305 | +11.3% |
| Other operating charges | 640/8 | €54,795 | €261,179 | +€206,384 | +377% |
| Gross operating margin | 9900 | €5,082,376 | €3,723,504 | -€1.4m | -26.7% |
| Operating profit (loss) | 9901 | €3,166,144 | €2,369,110 | -€797,034 | -25.2% |
| Financial income | 75/76B | €33,009 | €26,540 | -€6,469 | -19.6% |
| Recurring financial income | 75 | €33,009 | €26,540 | -€6,469 | -19.6% |
| Financial charges | 65/66B | €313,165 | €272,912 | -€40,253 | -12.9% |
| Recurring financial charges | 65 | €313,165 | €272,912 | -€40,253 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €2,885,988 | €2,122,738 | -€763,250 | -26.4% |
| Transfer from deferred taxes | 780 | €2,403 | €2,403 | = | 0.0% |
| Income taxes | 67/77 | €956,079 | €793,774 | -€162,305 | -17.0% |
| Profit (loss) for the period | 9904 | €1,932,312 | €1,331,367 | -€600,945 | -31.1% |
| Transfer from tax-exempt reserves | 789 | €7,210 | €7,210 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €842,000 | €842,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,097,521 | €496,577 | -€600,945 | -54.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.