SIMT: what changed
Two fiscal 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.
SIMT
Largest movements
- Tangible fixed assets -€77,358
down €77,358 (-11.8%), from €654,265 to €576,907
of which Land and buildings: -€67,708
- Current investments +€60,422
up €60,422 (+132.5%), from €45,593 to €106,016
- Cash +€42,763
up €42,763 (+18.0%), from €237,385 to €280,148
mainly Net result for the year (+€172,348) and Depreciation (+€90,141)
- Receivables within one year +€25,884
up €25,884 (+789.6%), from €3,278 to €29,162
of which Trade receivables: +€28,429
- Reserves +€79,448
up €79,448 (+16.0%), from €497,846 to €577,294
of which Distributable reserves: +€44,611
- Other debts -€40,276
down €40,276 (-15.7%), from €256,489 to €216,213
- Trade debts -€33,150
down €33,150 (-59.9%), from €55,304 to €22,153
- Contributions +€21,357
up €21,357 (+83.6%), from €25,550 to €46,907
- Tax, wage and social debts +€17,377
up €17,377 (+15.0%), from €115,821 to €133,198
of which Taxes: +€11,768
- Gross operating margin +€58,094
up €58,094 (+11.0%), from €527,327 to €585,421
- Financial charges +€7,493
up €7,493 (+488.9%), from €1,533 to €9,026
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 | €951,010 | €995,766 | +€44,756 | +4.7% |
| Fixed assets | 21/28 | €654,615 | €577,257 | -€77,358 | -11.8% |
| Tangible fixed assets | 22/27 | €654,265 | €576,907 | -€77,358 | -11.8% |
| Land and buildings | 22 | €558,104 | €490,396 | -€67,708 | -12.1% |
| Plant, machinery and equipment | 23 | €72,222 | €64,743 | -€7,479 | -10.4% |
| Furniture and vehicles | 24 | €21,129 | €20,674 | -€454 | -2.2% |
| Other tangible fixed assets | 26 | €2,810 | €1,093 | -€1,717 | -61.1% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €296,395 | €418,509 | +€122,114 | +41.2% |
| Amounts receivable within one year | 40/41 | €3,278 | €29,162 | +€25,884 | +789.6% |
| Trade receivables | 40 | - | €28,429 | +€28,429 | |
| Other amounts receivable | 41 | €3,278 | €733 | -€2,545 | -77.6% |
| Current investments | 50/53 | €45,593 | €106,016 | +€60,422 | +132.5% |
| Cash at bank and in hand | 54/58 | €237,385 | €280,148 | +€42,763 | +18.0% |
| Deferred charges and accrued income | 490/1 | €10,139 | €3,183 | -€6,956 | -68.6% |
| Total equity and liabilities | 10/49 | €951,010 | €995,766 | +€44,756 | +4.7% |
| Equity | 10/15 | €523,396 | €624,202 | +€100,806 | +19.3% |
| Contributions | 10/11 | €25,550 | €46,907 | +€21,357 | +83.6% |
| Reserves | 13 | €497,846 | €577,294 | +€79,448 | +16.0% |
| Tax-exempt reserves | 132 | - | €34,838 | +€34,838 | |
| Distributable reserves | 133 | €497,846 | €542,457 | +€44,611 | +9.0% |
| Amounts payable | 17/49 | €427,614 | €371,564 | -€56,050 | -13.1% |
| Amounts payable within one year | 42/48 | €427,614 | €371,564 | -€56,050 | -13.1% |
| Trade debts | 44 | €55,304 | €22,153 | -€33,150 | -59.9% |
| Suppliers | 440/4 | €55,304 | €22,153 | -€33,150 | -59.9% |
| Taxes, remuneration and social security | 45 | €115,821 | €133,198 | +€17,377 | +15.0% |
| Taxes | 450/3 | €78,950 | €90,718 | +€11,768 | +14.9% |
| Remuneration and social security | 454/9 | €36,871 | €42,480 | +€5,609 | +15.2% |
| Other amounts payable | 47/48 | €256,489 | €216,213 | -€40,276 | -15.7% |
| Remuneration, social security and pensions | 62 | €247,512 | €248,054 | +€541 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,385 | €90,141 | +€3,756 | +4.3% |
| Other operating charges | 640/8 | €8,024 | €8,745 | +€721 | +9.0% |
| Gross operating margin | 9900 | €527,327 | €585,421 | +€58,094 | +11.0% |
| Operating profit (loss) | 9901 | €185,406 | €238,482 | +€53,076 | +28.6% |
| Financial income | 75/76B | €502 | €732 | +€229 | +45.7% |
| Recurring financial income | 75 | €502 | €732 | +€229 | +45.7% |
| Financial charges | 65/66B | €1,533 | €9,026 | +€7,493 | +488.9% |
| Recurring financial charges | 65 | €1,533 | €9,026 | +€7,493 | +488.9% |
| Profit (loss) for the period before taxes | 9903 | €184,375 | €230,188 | +€45,812 | +24.8% |
| Income taxes | 67/77 | €63,369 | €57,840 | -€5,530 | -8.7% |
| Profit (loss) for the period | 9904 | €121,006 | €172,348 | +€51,342 | +42.4% |
| Transfer to tax-exempt reserves | 689 | - | €34,838 | +€34,838 | |
| Profit (loss) for the period to be appropriated | 9905 | €121,006 | €137,510 | +€16,504 | +13.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.