SIMTECH: 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.
SIMTECH
Largest movements
- Current investments +€2.9m
up €2.9m (+361.7%), from €802,762 to €3.7m
- Stocks and contracts -€391,786
down €391,786 (-30.8%), from €1.3m to €881,657
- Cash -€176,176
down €176,176 (-10.8%), from €1.6m to €1.5m
mainly Current investments (-€2.9m) and Other debts (-€1.8m)
- Receivables within one year -€91,877
down €91,877 (-5.8%), from €1.6m to €1.5m
of which Other amounts receivable: -€606,641
- Reserves +€4.8m
up €4.8m (+5382.2%), from €89,141 to €4.9m
of which Distributable reserves: +€4.8m
- Other debts -€1.8m
down €1.8m (-100.0%), from €1.8m to €0
- Provisions -€1.1m
down €1.1m (-100.0%), from €1.1m to €0
- Tax, wage and social debts +€573,423
up €573,423 (+529.3%), from €108,339 to €681,762
of which Taxes: +€370,774
- Advances received -€389,519
down €389,519 (-38.6%), from €1.0m to €618,315
- Gross operating margin +€3.5m
up €3.5m (+93.1%), from €3.7m to €7.2m
- Taxes +€964,125
up €964,125 (+206.0%), from €468,125 to €1.4m
- Staff costs +€359,512
up €359,512 (+26.8%), from €1.3m to €1.7m
- Financial income +€109,856
up €109,856 (+326.2%), from €33,681 to €143,537
of which Financial income: +€110,757
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,781,770 | €8,023,789 | +€2.2m | +38.8% |
| Fixed assets | 21/28 | €477,746 | €458,054 | -€19,692 | -4.1% |
| Tangible fixed assets | 22/27 | €477,096 | €457,404 | -€19,692 | -4.1% |
| Plant, machinery and equipment | 23 | €190,177 | €236,918 | +€46,741 | +24.6% |
| Furniture and vehicles | 24 | €215,248 | €170,316 | -€44,932 | -20.9% |
| Leasing and similar rights | 25 | €71,671 | €50,171 | -€21,500 | -30.0% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €5,304,025 | €7,565,735 | +€2.3m | +42.6% |
| Stocks and contracts in progress | 3 | €1,273,442 | €881,657 | -€391,786 | -30.8% |
| Stocks | 30/36 | €1,273,442 | €881,657 | -€391,786 | -30.8% |
| Amounts receivable within one year | 40/41 | €1,573,469 | €1,481,591 | -€91,877 | -5.8% |
| Trade receivables | 40 | €225,305 | €740,069 | +€514,764 | +228.5% |
| Other amounts receivable | 41 | €1,348,164 | €741,523 | -€606,641 | -45.0% |
| Current investments | 50/53 | €802,762 | €3,706,267 | +€2.9m | +361.7% |
| Cash at bank and in hand | 54/58 | €1,637,261 | €1,461,084 | -€176,176 | -10.8% |
| Deferred charges and accrued income | 490/1 | €17,091 | €35,135 | +€18,044 | +105.6% |
| Total equity and liabilities | 10/49 | €5,781,770 | €8,023,789 | +€2.2m | +38.8% |
| Equity | 10/15 | €984,308 | €5,778,691 | +€4.8m | +487.1% |
| Contributions | 10/11 | €883,000 | €883,000 | = | 0.0% |
| Reserves | 13 | €89,141 | €4,886,871 | +€4.8m | +5382.2% |
| Non-distributable reserves | 130/1 | €88,300 | €88,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €88,300 | €88,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €841 | €841 | = | 0.0% |
| Distributable reserves | 133 | - | €4,797,730 | +€4.8m | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €12,167 | €8,820 | -€3,348 | -27.5% |
| Provisions and deferred taxes | 16 | €1,120,069 | €0 | -€1.1m | -100.0% |
| Provisions for liabilities and charges | 160/5 | €1,120,069 | €0 | -€1.1m | -100.0% |
| Other liabilities and charges | 164/5 | €1,120,069 | €0 | -€1.1m | -100.0% |
| Amounts payable | 17/49 | €3,677,393 | €2,245,099 | -€1.4m | -38.9% |
| Amounts payable after more than one year | 17 | €139,916 | €112,788 | -€27,128 | -19.4% |
| Financial debts | 170/4 | €139,916 | €112,788 | -€27,128 | -19.4% |
| Amounts payable within one year | 42/48 | €3,537,077 | €2,131,759 | -€1.4m | -39.7% |
| Current portion of amounts payable after more than one year | 42 | €26,131 | €27,128 | +€997 | +3.8% |
| Trade debts | 44 | €572,562 | €804,555 | +€231,993 | +40.5% |
| Suppliers | 440/4 | €572,562 | €804,555 | +€231,993 | +40.5% |
| Advances received on contracts in progress | 46 | €1,007,834 | €618,315 | -€389,519 | -38.6% |
| Taxes, remuneration and social security | 45 | €108,339 | €681,762 | +€573,423 | +529.3% |
| Taxes | 450/3 | €68,765 | €439,538 | +€370,774 | +539.2% |
| Remuneration and social security | 454/9 | €39,574 | €242,223 | +€202,649 | +512.1% |
| Other amounts payable | 47/48 | €1,822,212 | €0 | -€1.8m | -100.0% |
| Accrued charges and deferred income | 492/3 | €399 | €551 | +€152 | +38.0% |
| Non-recurring operating income | 76A | - | €1,097 | +€1,097 | |
| Remuneration, social security and pensions | 62 | €1,340,025 | €1,699,537 | +€359,512 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,265 | €121,170 | +€22,905 | +23.3% |
| Other operating charges | 640/8 | €12,050 | €4,418 | -€7,631 | -63.3% |
| Non-recurring operating charges | 66A | €8,302 | -€731,839 | -€740,141 | |
| Gross operating margin | 9900 | €3,730,259 | €7,201,926 | +€3.5m | +93.1% |
| Operating profit (loss) | 9901 | €2,271,617 | €6,108,640 | +€3.8m | +168.9% |
| Financial income | 75/76B | €33,681 | €143,537 | +€109,856 | +326.2% |
| Recurring financial income | 75 | €32,780 | €143,537 | +€110,757 | +337.9% |
| Non-recurring financial income | 76B | €901 | €0 | -€901 | -100.0% |
| Financial charges | 65/66B | €15,361 | €22,197 | +€6,836 | +44.5% |
| Recurring financial charges | 65 | €15,361 | €22,197 | +€6,836 | +44.5% |
| Profit (loss) for the period before taxes | 9903 | €2,289,938 | €6,229,980 | +€3.9m | +172.1% |
| Income taxes | 67/77 | €468,125 | €1,432,250 | +€964,125 | +206.0% |
| Profit (loss) for the period | 9904 | €1,821,813 | €4,797,730 | +€3.0m | +163.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,821,813 | €4,797,730 | +€3.0m | +163.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.