SIMPLY BETTER: 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.
SIMPLY BETTER
Largest movements
- Receivables within one year +€86,832
up €86,832 (+10.3%), from €842,807 to €929,639
of which Trade receivables: +€152,567
- Tangible fixed assets -€17,351
down €17,351 (-21.4%), from €81,105 to €63,754
of which Plant, machinery and equipment: -€11,635
- Short-term financial debts +€75,463
up €75,463 (+31.9%), from €236,537 to €312,000
- Accrued charges and deferred income -€29,071
down €29,071 (-13.8%), from €210,939 to €181,868
- Other debts -€26,562
down €26,562 (-96.3%), from €27,592 to €1,030
- Trade debts +€22,838
up €22,838 (+7.0%), from €324,980 to €347,817
- Tax, wage and social debts +€13,455
up €13,455 (+14.4%), from €93,190 to €106,645
of which Remuneration and social security: +€13,517
- Gross operating margin -€123,932
down €123,932 (-19.8%), from €625,308 to €501,376
- Taxes -€49,157
down €49,157 (-92.3%), from €53,273 to €4,116
- Depreciation -€11,126
down €11,126 (-21.0%), from €53,067 to €41,941
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 | €1,042,866 | €1,108,475 | +€65,609 | +6.3% |
| Fixed assets | 21/28 | €81,170 | €63,819 | -€17,351 | -21.4% |
| Tangible fixed assets | 22/27 | €81,105 | €63,754 | -€17,351 | -21.4% |
| Plant, machinery and equipment | 23 | €59,954 | €48,319 | -€11,635 | -19.4% |
| Furniture and vehicles | 24 | €21,151 | €15,435 | -€5,716 | -27.0% |
| Financial fixed assets | 28 | €65 | €65 | = | 0.0% |
| Current assets | 29/58 | €961,696 | €1,044,656 | +€82,960 | +8.6% |
| Amounts receivable within one year | 40/41 | €842,807 | €929,639 | +€86,832 | +10.3% |
| Trade receivables | 40 | €506,026 | €658,593 | +€152,567 | +30.2% |
| Other amounts receivable | 41 | €336,781 | €271,045 | -€65,735 | -19.5% |
| Cash at bank and in hand | 54/58 | €118,889 | €115,017 | -€3,872 | -3.3% |
| Total equity and liabilities | 10/49 | €1,042,866 | €1,108,475 | +€65,609 | +6.3% |
| Equity | 10/15 | €149,628 | €154,589 | +€4,961 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,860 | €7,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Other | 1319 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,168 | €128,129 | +€4,961 | +4.0% |
| Amounts payable | 17/49 | €893,238 | €953,886 | +€60,648 | +6.8% |
| Amounts payable within one year | 42/48 | €682,299 | €772,018 | +€89,719 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | - | €4,525 | +€4,525 | |
| Financial debts | 43 | €236,537 | €312,000 | +€75,463 | +31.9% |
| Credit institutions | 430/8 | €236,537 | €312,000 | +€75,463 | +31.9% |
| Trade debts | 44 | €324,980 | €347,817 | +€22,838 | +7.0% |
| Suppliers | 440/4 | €324,980 | €347,817 | +€22,838 | +7.0% |
| Taxes, remuneration and social security | 45 | €93,190 | €106,645 | +€13,455 | +14.4% |
| Taxes | 450/3 | €58,528 | €58,466 | -€62 | -0.1% |
| Remuneration and social security | 454/9 | €34,662 | €48,179 | +€13,517 | +39.0% |
| Other amounts payable | 47/48 | €27,592 | €1,030 | -€26,562 | -96.3% |
| Accrued charges and deferred income | 492/3 | €210,939 | €181,868 | -€29,071 | -13.8% |
| Remuneration, social security and pensions | 62 | €420,983 | €426,567 | +€5,584 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,067 | €41,941 | -€11,126 | -21.0% |
| Other operating charges | 640/8 | €6,123 | €2,005 | -€4,119 | -67.3% |
| Non-recurring operating charges | 66A | €35,430 | €6,113 | -€29,316 | -82.7% |
| Gross operating margin | 9900 | €625,308 | €501,376 | -€123,932 | -19.8% |
| Operating profit (loss) | 9901 | €109,705 | €24,750 | -€84,955 | -77.4% |
| Financial income | 75/76B | €141 | €5,760 | +€5,619 | +3973.6% |
| Recurring financial income | 75 | €141 | €5,760 | +€5,619 | +3973.6% |
| Financial charges | 65/66B | €27,378 | €21,434 | -€5,945 | -21.7% |
| Recurring financial charges | 65 | €27,378 | €21,434 | -€5,945 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €82,468 | €9,077 | -€73,391 | -89.0% |
| Income taxes | 67/77 | €53,273 | €4,116 | -€49,157 | -92.3% |
| Profit (loss) for the period | 9904 | €29,195 | €4,961 | -€24,234 | -83.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,195 | €4,961 | -€24,234 | -83.0% |
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 11 October 2026 via checked.be.