Simsek Solutions: what changed
Simsek Solutions
Largest movements
- Receivables within one year -€67,484
down €67,484 (-61.5%), from €109,708 to €42,224
of which Other amounts receivable: -€85,029
- Receivables after one year +€66,500
new in 2025: €66,500
- Tangible fixed assets -€24,514
down €24,514 (-9.7%), from €252,661 to €228,147
of which Leasing and similar rights: -€13,330
- Cash +€20,834
up €20,834 (+113%), from €18,441 to €39,276
mainly Other debts (+€100,000) and Receivables within one year (+€67,484)
- Other debts +€100,000
new in 2025: €100,000
- Debts after one year -€80,897
down €80,897 (-32.3%), from €250,224 to €169,327
- Reserves -€57,015
down €57,015 (-77.0%), from €74,037 to €17,022
- Tax, wage and social debts +€22,197
up €22,197 (+247%), from €8,993 to €31,190
- Current portion of long-term debt +€13,813
up €13,813 (+38.3%), from €36,019 to €49,832
- Gross operating margin +€52,864
up €52,864 (+122%), from €43,198 to €96,062
- Taxes +€12,138
up €12,138 (+291%), from €4,170 to €16,308
- Other operating charges +€1,503
up €1,503 (+46.3%), from €3,248 to €4,750
- Financial charges +€1,457
up €1,457 (+20.6%), from €7,072 to €8,529
- Staff costs -€1,029
no longer reported in 2025 (was €1,029)
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 | €381,360 | €377,507 | -€3,854 | -1.0% |
| Fixed assets | 21/28 | €252,661 | €228,147 | -€24,514 | -9.7% |
| Tangible fixed assets | 22/27 | €252,661 | €228,147 | -€24,514 | -9.7% |
| Land and buildings | 22 | €209,864 | €199,584 | -€10,280 | -4.9% |
| Plant, machinery and equipment | 23 | €1,527 | €987 | -€540 | -35.4% |
| Furniture and vehicles | 24 | €475 | €112 | -€364 | -76.5% |
| Leasing and similar rights | 25 | €40,795 | €27,464 | -€13,330 | -32.7% |
| Current assets | 29/58 | €128,699 | €149,360 | +€20,661 | +16.1% |
| Amounts receivable after more than one year | 29 | - | €66,500 | +€66,500 | |
| Other amounts receivable | 291 | - | €66,500 | +€66,500 | |
| Amounts receivable within one year | 40/41 | €109,708 | €42,224 | -€67,484 | -61.5% |
| Trade receivables | 40 | - | €17,545 | +€17,545 | |
| Other amounts receivable | 41 | €109,708 | €24,679 | -€85,029 | -77.5% |
| Cash at bank and in hand | 54/58 | €18,441 | €39,276 | +€20,834 | +113% |
| Deferred charges and accrued income | 490/1 | €550 | €1,360 | +€810 | +147% |
| Total equity and liabilities | 10/49 | €381,360 | €377,507 | -€3,854 | -1.0% |
| Equity | 10/15 | €79,037 | €22,022 | -€57,015 | -72.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €74,037 | €17,022 | -€57,015 | -77.0% |
| Distributable reserves | 133 | €74,037 | €17,022 | -€57,015 | -77.0% |
| Amounts payable | 17/49 | €302,323 | €355,484 | +€53,161 | +17.6% |
| Amounts payable after more than one year | 17 | €250,224 | €169,327 | -€80,897 | -32.3% |
| Financial debts | 170/4 | €250,224 | €169,327 | -€80,897 | -32.3% |
| Amounts payable within one year | 42/48 | €50,028 | €184,087 | +€134,059 | +268% |
| Current portion of amounts payable after more than one year | 42 | €36,019 | €49,832 | +€13,813 | +38.3% |
| Trade debts | 44 | €5,015 | €3,064 | -€1,951 | -38.9% |
| Suppliers | 440/4 | €5,015 | €3,064 | -€1,951 | -38.9% |
| Taxes, remuneration and social security | 45 | €8,993 | €31,190 | +€22,197 | +247% |
| Taxes | 450/3 | €8,993 | €31,190 | +€22,197 | +247% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | €2,071 | €2,070 | -€1 | 0.0% |
| Non-recurring operating income | 76A | - | €50,000 | +€50,000 | |
| Remuneration, social security and pensions | 62 | €1,029 | - | -€1,029 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,612 | €24,514 | -€98 | -0.4% |
| Other operating charges | 640/8 | €3,248 | €4,750 | +€1,503 | +46.3% |
| Gross operating margin | 9900 | €43,198 | €96,062 | +€52,864 | +122% |
| Operating profit (loss) | 9901 | €14,310 | €66,797 | +€52,487 | +367% |
| Financial income | 75/76B | €697 | €1,025 | +€328 | +47.0% |
| Recurring financial income | 75 | €697 | €1,025 | +€328 | +47.0% |
| Financial charges | 65/66B | €7,072 | €8,529 | +€1,457 | +20.6% |
| Recurring financial charges | 65 | €7,072 | €8,529 | +€1,457 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €7,935 | €59,293 | +€51,358 | +647% |
| Income taxes | 67/77 | €4,170 | €16,308 | +€12,138 | +291% |
| Profit (loss) for the period | 9904 | €3,765 | €42,985 | +€39,220 | +1,042% |
| Profit (loss) for the period to be appropriated | 9905 | €3,765 | €42,985 | +€39,220 | +1,042% |
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 1 November 2026 via checked.be.