SIMSA: 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.
SIMSA
Largest movements
- Cash -€8,105
down €8,105 (-92.0%), from €8,806 to €701
mainly Net result for the year (-€19,541) and Deferred charges and accrued income (-€154)
- Tangible fixed assets -€7,355
down €7,355 (-9.0%), from €82,013 to €74,658
of which Plant, machinery and equipment: -€6,184
- Profit (loss) carried forward -€19,541
down €19,541 (-24.0%), from -€81,458 to -€100,999
- Financial income -€12,500
no longer reported in 2025 (was €12,500)
- Gross operating margin -€979
down €979 (-27.7%), from €3,539 to €2,560
- Other operating charges +€439
up €439 (+3.1%), from €13,972 to €14,411
- Financial charges +€69
up €69 (+25.8%), from €266 to €335
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 | €313,044 | €297,739 | -€15,306 | -4.9% |
| Fixed assets | 21/28 | €82,013 | €74,658 | -€7,355 | -9.0% |
| Tangible fixed assets | 22/27 | €82,013 | €74,658 | -€7,355 | -9.0% |
| Land and buildings | 22 | €56,428 | €56,428 | = | 0.0% |
| Plant, machinery and equipment | 23 | €24,414 | €18,230 | -€6,184 | -25.3% |
| Furniture and vehicles | 24 | €1,171 | - | -€1,171 | |
| Current assets | 29/58 | €231,031 | €223,080 | -€7,951 | -3.4% |
| Amounts receivable within one year | 40/41 | €219,016 | €219,016 | = | 0.0% |
| Other amounts receivable | 41 | €219,016 | €219,016 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,806 | €701 | -€8,105 | -92.0% |
| Deferred charges and accrued income | 490/1 | €3,209 | €3,363 | +€154 | +4.8% |
| Total equity and liabilities | 10/49 | €313,044 | €297,739 | -€15,306 | -4.9% |
| Equity | 10/15 | €308,631 | €289,090 | -€19,541 | -6.3% |
| Contributions | 10/11 | €341,473 | €341,473 | = | 0.0% |
| Capital | 10 | €341,473 | €341,473 | = | 0.0% |
| Issued capital | 100 | €341,473 | €341,473 | = | 0.0% |
| Reserves | 13 | €48,616 | €48,616 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,147 | €34,147 | = | 0.0% |
| Legal reserve | 130 | €34,147 | €34,147 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,469 | €14,469 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,458 | -€100,999 | -€19,541 | -24.0% |
| Amounts payable | 17/49 | €4,413 | €8,648 | +€4,235 | +96.0% |
| Amounts payable within one year | 42/48 | €4,413 | €6,148 | +€1,735 | +39.3% |
| Trade debts | 44 | €3,781 | €5,517 | +€1,735 | +45.9% |
| Suppliers | 440/4 | €3,781 | €5,517 | +€1,735 | +45.9% |
| Other amounts payable | 47/48 | €632 | €632 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,355 | €7,355 | = | 0.0% |
| Other operating charges | 640/8 | €13,972 | €14,411 | +€439 | +3.1% |
| Gross operating margin | 9900 | €3,539 | €2,560 | -€979 | -27.7% |
| Operating profit (loss) | 9901 | -€17,789 | -€19,206 | -€1,417 | -8.0% |
| Financial income | 75/76B | €12,500 | - | -€12,500 | |
| Recurring financial income | 75 | €12,500 | - | -€12,500 | |
| Financial charges | 65/66B | €266 | €335 | +€69 | +25.8% |
| Recurring financial charges | 65 | €266 | €335 | +€69 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,555 | -€19,541 | -€13,986 | -252% |
| Profit (loss) for the period | 9904 | -€5,555 | -€19,541 | -€13,986 | -252% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,555 | -€19,541 | -€13,986 | -252% |
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 13 October 2026 via checked.be.