SIMTAM: 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.
SIMTAM
Largest movements
- Current investments +€20,555
up €20,555 (+16.4%), from €125,484 to €146,039
- Receivables within one year -€10,380
down €10,380 (-90.3%), from €11,495 to €1,114
of which Trade receivables: -€10,541
- Cash +€6,646
up €6,646 (+76.0%), from €8,742 to €15,388
mainly Net result for the year (+€17,170) and Receivables within one year (+€10,380)
- Reserves +€17,170
up €17,170 (+13.1%), from €131,213 to €148,383
of which Distributable reserves: +€17,170
- Gross operating margin -€4,135
down €4,135 (-13.1%), from €31,555 to €27,421
- Taxes -€1,236
down €1,236 (-12.5%), from €9,900 to €8,664
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 | €147,036 | €164,732 | +€17,696 | +12.0% |
| Fixed assets | 21/28 | €517 | €1,282 | +€765 | +148% |
| Tangible fixed assets | 22/27 | €517 | €1,282 | +€765 | +148% |
| Plant, machinery and equipment | 23 | €517 | €1,282 | +€765 | +148% |
| Current assets | 29/58 | €146,519 | €163,450 | +€16,931 | +11.6% |
| Amounts receivable within one year | 40/41 | €11,495 | €1,114 | -€10,380 | -90.3% |
| Trade receivables | 40 | €11,495 | €954 | -€10,541 | -91.7% |
| Other amounts receivable | 41 | - | €160 | +€160 | |
| Current investments | 50/53 | €125,484 | €146,039 | +€20,555 | +16.4% |
| Cash at bank and in hand | 54/58 | €8,742 | €15,388 | +€6,646 | +76.0% |
| Deferred charges and accrued income | 490/1 | €798 | €909 | +€111 | +13.9% |
| Total equity and liabilities | 10/49 | €147,036 | €164,732 | +€17,696 | +12.0% |
| Equity | 10/15 | €140,889 | €158,059 | +€17,170 | +12.2% |
| Contributions | 10/11 | €9,676 | €9,676 | = | 0.0% |
| Reserves | 13 | €131,213 | €148,383 | +€17,170 | +13.1% |
| Non-distributable reserves | 130/1 | €2,159 | €2,159 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,159 | €2,159 | = | 0.0% |
| Distributable reserves | 133 | €129,054 | €146,224 | +€17,170 | +13.3% |
| Amounts payable | 17/49 | €6,147 | €6,674 | +€527 | +8.6% |
| Amounts payable within one year | 42/48 | €6,147 | €6,674 | +€527 | +8.6% |
| Trade debts | 44 | €834 | €36 | -€798 | -95.7% |
| Suppliers | 440/4 | €834 | €36 | -€798 | -95.7% |
| Taxes, remuneration and social security | 45 | €5,172 | €5,127 | -€45 | -0.9% |
| Taxes | 450/3 | €5,172 | €5,127 | -€45 | -0.9% |
| Other amounts payable | 47/48 | €141 | €1,511 | +€1,370 | +971% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €912 | €785 | -€128 | -14.0% |
| Other operating charges | 640/8 | €1,424 | €1,596 | +€172 | +12.1% |
| Gross operating margin | 9900 | €31,555 | €27,421 | -€4,135 | -13.1% |
| Operating profit (loss) | 9901 | €29,219 | €25,041 | -€4,179 | -14.3% |
| Financial income | 75/76B | €665 | €793 | +€128 | +19.2% |
| Recurring financial income | 75 | €665 | €793 | +€128 | +19.2% |
| Financial charges | 65/66B | €29 | - | -€29 | |
| Recurring financial charges | 65 | €29 | - | -€29 | |
| Profit (loss) for the period before taxes | 9903 | €29,856 | €25,834 | -€4,022 | -13.5% |
| Income taxes | 67/77 | €9,900 | €8,664 | -€1,236 | -12.5% |
| Profit (loss) for the period | 9904 | €19,956 | €17,170 | -€2,786 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,956 | €17,170 | -€2,786 | -14.0% |
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 17 October 2026 via checked.be.