Simul Fortis: 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.
Simul Fortis
Largest movements
- Cash +€43,178
up €43,178 (+71.8%), from €60,162 to €103,340
mainly Net result for the year (+€36,822) and Trade debts (+€7,032)
- Receivables within one year -€4,809
down €4,809 (-22.5%), from €21,411 to €16,602
- Tangible fixed assets +€4,663
up €4,663 (+392.4%), from €1,188 to €5,851
of which Furniture and vehicles: +€5,318
- Reserves +€36,822
up €36,822 (+69.3%), from €53,111 to €89,933
- Trade debts +€7,032
up €7,032 (+113.6%), from €6,192 to €13,225
- Tax, wage and social debts -€2,201
down €2,201 (-11.0%), from €20,102 to €17,901
- Gross operating margin -€6,397
down €6,397 (-11.7%), from €54,578 to €48,181
- Taxes -€1,474
down €1,474 (-12.9%), from €11,405 to €9,931
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 | €84,852 | €127,186 | +€42,335 | +49.9% |
| Fixed assets | 21/28 | €1,188 | €5,851 | +€4,663 | +392.4% |
| Tangible fixed assets | 22/27 | €1,188 | €5,851 | +€4,663 | +392.4% |
| Plant, machinery and equipment | 23 | €1,188 | €533 | -€655 | -55.2% |
| Furniture and vehicles | 24 | - | €5,318 | +€5,318 | |
| Current assets | 29/58 | €83,663 | €121,336 | +€37,672 | +45.0% |
| Amounts receivable within one year | 40/41 | €21,411 | €16,602 | -€4,809 | -22.5% |
| Trade receivables | 40 | €21,411 | €16,602 | -€4,809 | -22.5% |
| Cash at bank and in hand | 54/58 | €60,162 | €103,340 | +€43,178 | +71.8% |
| Deferred charges and accrued income | 490/1 | €2,090 | €1,393 | -€697 | -33.3% |
| Total equity and liabilities | 10/49 | €84,852 | €127,186 | +€42,335 | +49.9% |
| Equity | 10/15 | €58,111 | €94,933 | +€36,822 | +63.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €53,111 | €89,933 | +€36,822 | +69.3% |
| Distributable reserves | 133 | €53,111 | €89,933 | +€36,822 | +69.3% |
| Amounts payable | 17/49 | €26,741 | €32,254 | +€5,513 | +20.6% |
| Amounts payable within one year | 42/48 | €26,741 | €32,254 | +€5,513 | +20.6% |
| Trade debts | 44 | €6,192 | €13,225 | +€7,032 | +113.6% |
| Suppliers | 440/4 | €6,192 | €13,225 | +€7,032 | +113.6% |
| Taxes, remuneration and social security | 45 | €20,102 | €17,901 | -€2,201 | -11.0% |
| Taxes | 450/3 | €20,102 | €17,901 | -€2,201 | -11.0% |
| Other amounts payable | 47/48 | €446 | €1,128 | +€682 | +152.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €655 | €1,161 | +€506 | +77.2% |
| Other operating charges | 640/8 | €88 | €250 | +€162 | +184.2% |
| Gross operating margin | 9900 | €54,578 | €48,181 | -€6,397 | -11.7% |
| Operating profit (loss) | 9901 | €53,835 | €46,770 | -€7,065 | -13.1% |
| Financial income | 75/76B | €15 | €79 | +€64 | +430.5% |
| Recurring financial income | 75 | €15 | €79 | +€64 | +430.5% |
| Financial charges | 65/66B | €213 | €96 | -€117 | -55.0% |
| Recurring financial charges | 65 | €213 | €96 | -€117 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | €53,637 | €46,753 | -€6,884 | -12.8% |
| Income taxes | 67/77 | €11,405 | €9,931 | -€1,474 | -12.9% |
| Profit (loss) for the period | 9904 | €42,232 | €36,822 | -€5,410 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,232 | €36,822 | -€5,410 | -12.8% |
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 1 October 2026 via checked.be.