SIMTOMAX: 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.
SIMTOMAX
Largest movements
- Cash +€84,756
up €84,756 (+40.4%), from €209,835 to €294,591
mainly Net result for the year (+€66,402) and Depreciation (+€13,400)
- Tangible fixed assets -€13,400
down €13,400 (-82.9%), from €16,165 to €2,765
of which Furniture and vehicles: -€12,900
- Receivables within one year +€8,298
up €8,298 (+48.7%), from €17,053 to €25,351
of which Trade receivables: +€8,674
- Reserves +€66,402
up €66,402 (+32.6%), from €203,975 to €270,377
of which Distributable reserves: +€66,402
- Tax, wage and social debts +€10,333
up €10,333 (+69.4%), from €14,883 to €25,216
of which Taxes: +€8,533
- Gross operating margin +€25,814
up €25,814 (+31.9%), from €81,005 to €106,819
- Taxes +€7,273
up €7,273 (+38.1%), from €19,081 to €26,354
- Depreciation -€1,092
down €1,092 (-7.5%), from €14,492 to €13,400
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 | €243,281 | €322,707 | +€79,426 | +32.6% |
| Fixed assets | 21/28 | €16,165 | €2,765 | -€13,400 | -82.9% |
| Tangible fixed assets | 22/27 | €16,165 | €2,765 | -€13,400 | -82.9% |
| Furniture and vehicles | 24 | €15,165 | €2,265 | -€12,900 | -85.1% |
| Other tangible fixed assets | 26 | €1,000 | €500 | -€500 | -50.0% |
| Current assets | 29/58 | €227,116 | €319,942 | +€92,826 | +40.9% |
| Amounts receivable within one year | 40/41 | €17,053 | €25,351 | +€8,298 | +48.7% |
| Trade receivables | 40 | €16,365 | €25,039 | +€8,674 | +53.0% |
| Other amounts receivable | 41 | €688 | €312 | -€376 | -54.7% |
| Cash at bank and in hand | 54/58 | €209,835 | €294,591 | +€84,756 | +40.4% |
| Deferred charges and accrued income | 490/1 | €228 | - | -€228 | |
| Total equity and liabilities | 10/49 | €243,281 | €322,707 | +€79,426 | +32.6% |
| Equity | 10/15 | €218,644 | €285,045 | +€66,402 | +30.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €203,975 | €270,377 | +€66,402 | +32.6% |
| Tax-exempt reserves | 132 | €65 | €65 | = | 0.0% |
| Distributable reserves | 133 | €203,910 | €270,312 | +€66,402 | +32.6% |
| Profit (loss) carried forward | 14 | €2,269 | €2,269 | = | 0.0% |
| Amounts payable | 17/49 | €24,638 | €37,662 | +€13,025 | +52.9% |
| Amounts payable within one year | 42/48 | €24,638 | €37,662 | +€13,025 | +52.9% |
| Trade debts | 44 | €2,976 | €5,644 | +€2,668 | +89.6% |
| Suppliers | 440/4 | €2,976 | €5,644 | +€2,668 | +89.6% |
| Taxes, remuneration and social security | 45 | €14,883 | €25,216 | +€10,333 | +69.4% |
| Taxes | 450/3 | €14,883 | €23,416 | +€8,533 | +57.3% |
| Remuneration and social security | 454/9 | - | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | €6,778 | €6,802 | +€24 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,492 | €13,400 | -€1,092 | -7.5% |
| Other operating charges | 640/8 | €449 | €465 | +€16 | +3.6% |
| Gross operating margin | 9900 | €81,005 | €106,819 | +€25,814 | +31.9% |
| Operating profit (loss) | 9901 | €66,063 | €92,953 | +€26,890 | +40.7% |
| Financial income | 75/76B | €48 | €155 | +€107 | +223.0% |
| Recurring financial income | 75 | €48 | €155 | +€107 | +223.0% |
| Financial charges | 65/66B | €240 | €353 | +€113 | +47.2% |
| Recurring financial charges | 65 | €240 | €353 | +€113 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | €65,871 | €92,755 | +€26,884 | +40.8% |
| Income taxes | 67/77 | €19,081 | €26,354 | +€7,273 | +38.1% |
| Profit (loss) for the period | 9904 | €46,791 | €66,402 | +€19,611 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,791 | €66,402 | +€19,611 | +41.9% |
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 12 October 2026 via checked.be.