SIMPROVED: 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.
SIMPROVED
Largest movements
- Cash +€99,668
up €99,668 (+68.4%), from €145,650 to €245,318
mainly Receivables within one year (+€91,332) and Net result for the year (+€82,363)
- Receivables within one year -€91,332
down €91,332 (-35.9%), from €254,256 to €162,923
of which Trade receivables: -€103,557
- Receivables after one year -€60,000
down €60,000 (-20.1%), from €299,011 to €239,011
- Other debts +€72,188
up €72,188 (+756%), from €9,552 to €81,740
- Trade debts -€66,125
down €66,125 (-90.3%), from €73,208 to €7,083
- Tax, wage and social debts -€30,310
down €30,310 (-93.9%), from €32,263 to €1,952
- Reserves -€16,552
down €16,552 (-2.9%), from €575,257 to €558,705
of which Distributable reserves: -€16,552
- Gross operating margin -€23,008
down €23,008 (-16.9%), from €136,130 to €113,122
- Taxes -€7,112
down €7,112 (-15.4%), from €46,209 to €39,097
- Financial income -€1,807
down €1,807 (-11.5%), from €15,767 to €13,960
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 | €723,739 | €676,026 | -€47,713 | -6.6% |
| Fixed assets | 21/28 | €6,060 | €9,663 | +€3,603 | +59.5% |
| Tangible fixed assets | 22/27 | €6,060 | €9,663 | +€3,603 | +59.5% |
| Plant, machinery and equipment | 23 | €1,401 | €914 | -€488 | -34.8% |
| Furniture and vehicles | 24 | €4,569 | €8,750 | +€4,181 | +91.5% |
| Other tangible fixed assets | 26 | €90 | - | -€90 | |
| Current assets | 29/58 | €717,679 | €666,363 | -€51,316 | -7.2% |
| Amounts receivable after more than one year | 29 | €299,011 | €239,011 | -€60,000 | -20.1% |
| Other amounts receivable | 291 | €299,011 | €239,011 | -€60,000 | -20.1% |
| Amounts receivable within one year | 40/41 | €254,256 | €162,923 | -€91,332 | -35.9% |
| Trade receivables | 40 | €230,465 | €126,908 | -€103,557 | -44.9% |
| Other amounts receivable | 41 | €23,791 | €36,015 | +€12,224 | +51.4% |
| Cash at bank and in hand | 54/58 | €145,650 | €245,318 | +€99,668 | +68.4% |
| Deferred charges and accrued income | 490/1 | €18,763 | €19,110 | +€348 | +1.9% |
| Total equity and liabilities | 10/49 | €723,739 | €676,026 | -€47,713 | -6.6% |
| Equity | 10/15 | €587,657 | €571,105 | -€16,552 | -2.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €575,257 | €558,705 | -€16,552 | -2.9% |
| Tax-exempt reserves | 132 | €33,750 | €33,750 | = | 0.0% |
| Distributable reserves | 133 | €541,507 | €524,955 | -€16,552 | -3.1% |
| Amounts payable | 17/49 | €136,083 | €104,921 | -€31,161 | -22.9% |
| Amounts payable within one year | 42/48 | €115,085 | €90,837 | -€24,248 | -21.1% |
| Financial debts | 43 | €62 | €62 | +€0 | +0.1% |
| Credit institutions | 430/8 | €62 | €62 | +€0 | +0.1% |
| Trade debts | 44 | €73,208 | €7,083 | -€66,125 | -90.3% |
| Suppliers | 440/4 | €73,208 | €7,083 | -€66,125 | -90.3% |
| Taxes, remuneration and social security | 45 | €32,263 | €1,952 | -€30,310 | -93.9% |
| Taxes | 450/3 | €32,263 | €1,952 | -€30,310 | -93.9% |
| Other amounts payable | 47/48 | €9,552 | €81,740 | +€72,188 | +756% |
| Accrued charges and deferred income | 492/3 | €20,997 | €14,084 | -€6,913 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,167 | €2,418 | +€1,250 | +107% |
| Other operating charges | 640/8 | €1,581 | €1,946 | +€365 | +23.1% |
| Gross operating margin | 9900 | €136,130 | €113,122 | -€23,008 | -16.9% |
| Operating profit (loss) | 9901 | €133,381 | €108,758 | -€24,623 | -18.5% |
| Financial income | 75/76B | €15,767 | €13,960 | -€1,807 | -11.5% |
| Recurring financial income | 75 | €15,767 | €13,960 | -€1,807 | -11.5% |
| Financial charges | 65/66B | €1,565 | €1,258 | -€307 | -19.6% |
| Recurring financial charges | 65 | €1,565 | €1,258 | -€307 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €147,583 | €121,460 | -€26,123 | -17.7% |
| Income taxes | 67/77 | €46,209 | €39,097 | -€7,112 | -15.4% |
| Profit (loss) for the period | 9904 | €101,374 | €82,363 | -€19,010 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €101,374 | €82,363 | -€19,010 | -18.8% |
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 14 October 2026 via checked.be.