SIMTUS: 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.
SIMTUS
Largest movements
- Receivables within one year +€15,088
up €15,088 (+122.4%), from €12,326 to €27,414
of which Trade receivables: +€22,134
- Cash -€11,380
down €11,380 (-37.5%), from €30,367 to €18,987
mainly Net result for the year (-€19,783) and Receivables within one year (-€15,088)
- Other debts +€26,828
up €26,828 (+46.8%), from €57,364 to €84,192
- Profit (loss) carried forward -€19,783
new in 2025: -€19,783
- Gross operating margin -€37,262
down €37,262, from €23,960 to -€13,302
- Depreciation -€5,623
down €5,623 (-74.6%), from €7,534 to €1,911
- Financial income -€4,576
no longer reported in 2025 (was €4,576)
- Taxes +€2,490
up €2,490 (+123.0%), from €2,025 to €4,515
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 | €528,099 | €535,069 | +€6,970 | +1.3% |
| Fixed assets | 21/28 | €2,228 | €317 | -€1,911 | -85.8% |
| Tangible fixed assets | 22/27 | €2,228 | €317 | -€1,911 | -85.8% |
| Land and buildings | 22 | €809 | - | -€809 | |
| Furniture and vehicles | 24 | €1,419 | €317 | -€1,102 | -77.7% |
| Current assets | 29/58 | €525,871 | €534,752 | +€8,881 | +1.7% |
| Amounts receivable within one year | 40/41 | €12,326 | €27,414 | +€15,088 | +122.4% |
| Trade receivables | 40 | €5,280 | €27,414 | +€22,134 | +419.2% |
| Other amounts receivable | 41 | €7,046 | - | -€7,046 | |
| Current investments | 50/53 | €483,178 | €488,084 | +€4,906 | +1.0% |
| Cash at bank and in hand | 54/58 | €30,367 | €18,987 | -€11,380 | -37.5% |
| Deferred charges and accrued income | 490/1 | - | €267 | +€267 | |
| Total equity and liabilities | 10/49 | €528,099 | €535,069 | +€6,970 | +1.3% |
| Equity | 10/15 | €466,415 | €446,632 | -€19,783 | -4.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €453,915 | €453,915 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €452,040 | €452,040 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€19,783 | -€19,783 | |
| Amounts payable | 17/49 | €61,684 | €88,437 | +€26,753 | +43.4% |
| Amounts payable within one year | 42/48 | €60,772 | €87,524 | +€26,752 | +44.0% |
| Trade debts | 44 | €3,408 | €708 | -€2,700 | -79.2% |
| Suppliers | 440/4 | €3,408 | €708 | -€2,700 | -79.2% |
| Taxes, remuneration and social security | 45 | - | €2,624 | +€2,624 | |
| Taxes | 450/3 | - | €2,624 | +€2,624 | |
| Other amounts payable | 47/48 | €57,364 | €84,192 | +€26,828 | +46.8% |
| Accrued charges and deferred income | 492/3 | €912 | €913 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,534 | €1,911 | -€5,623 | -74.6% |
| Gross operating margin | 9900 | €23,960 | -€13,302 | -€37,262 | |
| Operating profit (loss) | 9901 | €16,426 | -€15,213 | -€31,639 | |
| Financial income | 75/76B | €4,576 | - | -€4,576 | |
| Recurring financial income | 75 | €4,576 | - | -€4,576 | |
| Financial charges | 65/66B | €22 | €55 | +€33 | +150.0% |
| Recurring financial charges | 65 | €22 | €55 | +€33 | +150.0% |
| Profit (loss) for the period before taxes | 9903 | €20,980 | -€15,268 | -€36,248 | |
| Income taxes | 67/77 | €2,025 | €4,515 | +€2,490 | +123.0% |
| Profit (loss) for the period | 9904 | €18,955 | -€19,783 | -€38,738 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,955 | -€19,783 | -€38,738 |
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 10 October 2026 via checked.be.