SIMSEK: what changed
SIMSEK
Largest movements
- Tangible fixed assets +€16,200
up €16,200 (+2,082%), from €778 to €16,978
- Receivables within one year -€5,112
down €5,112 (-19.9%), from €25,695 to €20,583
of which Trade receivables: -€6,513
- Cash -€2,755
down €2,755 (-6.2%), from €44,194 to €41,439
mainly Investment in fixed assets (net) (-€18,182) and Tax, wage and social debts (-€10,376)
- Stocks and contracts -€1,974
down €1,974 (-62.8%), from €3,142 to €1,169
- Profit (loss) carried forward +€18,920
up €18,920 (+65.0%), from €29,116 to €48,036
- Tax, wage and social debts -€10,376
down €10,376 (-59.7%), from €17,391 to €7,015
of which Remuneration and social security: -€11,331
- Trade debts -€2,015
down €2,015 (-23.1%), from €8,737 to €6,722
- Gross operating margin +€41,233
up €41,233 (+43.1%), from €95,581 to €136,814
- Staff costs +€16,269
up €16,269 (+17.9%), from €90,806 to €107,075
- Depreciation +€1,515
up €1,515 (+324%), from €467 to €1,982
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,503 | €81,033 | +€6,530 | +8.8% |
| Fixed assets | 21/28 | €778 | €16,978 | +€16,200 | +2,082% |
| Tangible fixed assets | 22/27 | €778 | €16,978 | +€16,200 | +2,082% |
| Furniture and vehicles | 24 | €778 | €16,978 | +€16,200 | +2,082% |
| Current assets | 29/58 | €73,725 | €64,055 | -€9,670 | -13.1% |
| Stocks and contracts in progress | 3 | €3,142 | €1,169 | -€1,974 | -62.8% |
| Stocks | 30/36 | €3,142 | €1,169 | -€1,974 | -62.8% |
| Amounts receivable within one year | 40/41 | €25,695 | €20,583 | -€5,112 | -19.9% |
| Trade receivables | 40 | €22,790 | €16,277 | -€6,513 | -28.6% |
| Other amounts receivable | 41 | €2,905 | €4,306 | +€1,400 | +48.2% |
| Cash at bank and in hand | 54/58 | €44,194 | €41,439 | -€2,755 | -6.2% |
| Deferred charges and accrued income | 490/1 | €693 | €864 | +€171 | +24.6% |
| Total equity and liabilities | 10/49 | €74,503 | €81,033 | +€6,530 | +8.8% |
| Equity | 10/15 | €47,176 | €66,096 | +€18,920 | +40.1% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,116 | €48,036 | +€18,920 | +65.0% |
| Amounts payable | 17/49 | €27,327 | €14,937 | -€12,391 | -45.3% |
| Amounts payable within one year | 42/48 | €27,327 | €14,937 | -€12,391 | -45.3% |
| Trade debts | 44 | €8,737 | €6,722 | -€2,015 | -23.1% |
| Suppliers | 440/4 | €8,737 | €6,722 | -€2,015 | -23.1% |
| Advances received on contracts in progress | 46 | €1,200 | €1,200 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €17,391 | €7,015 | -€10,376 | -59.7% |
| Taxes | 450/3 | €3,130 | €4,085 | +€955 | +30.5% |
| Remuneration and social security | 454/9 | €14,261 | €2,930 | -€11,331 | -79.5% |
| Remuneration, social security and pensions | 62 | €90,806 | €107,075 | +€16,269 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €467 | €1,982 | +€1,515 | +324% |
| Other operating charges | 640/8 | €2,510 | €3,840 | +€1,330 | +53.0% |
| Gross operating margin | 9900 | €95,581 | €136,814 | +€41,233 | +43.1% |
| Operating profit (loss) | 9901 | €1,799 | €23,918 | +€22,119 | +1,230% |
| Financial income | 75/76B | €0 | €2 | +€1 | +3,650% |
| Recurring financial income | 75 | €0 | €2 | +€1 | +3,650% |
| Financial charges | 65/66B | €4,022 | €3,521 | -€501 | -12.5% |
| Recurring financial charges | 65 | €4,022 | €3,521 | -€501 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,223 | €20,398 | +€22,621 | |
| Income taxes | 67/77 | €761 | €1,478 | +€717 | +94.2% |
| Profit (loss) for the period | 9904 | -€2,984 | €18,920 | +€21,905 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,984 | €18,920 | +€21,905 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.