Simul Invest: 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.
Simul Invest
Largest movements
- Cash +€81,004
up €81,004 (+376%), from €21,520 to €102,524
mainly Trade debts (+€38,144) and Net result for the year (+€37,428)
- Receivables within one year -€20,938
down €20,938 (-80.7%), from €25,939 to €5,001
of which Trade receivables: -€25,589
- Trade debts +€38,144
new in 2025: €38,144
- Profit (loss) carried forward +€37,428
up €37,428 (+99.2%), from -€37,749 to -€321
- Accrued charges and deferred income -€16,254
no longer reported in 2025 (was €16,254)
- Gross operating margin +€21,574
up €21,574 (+53.0%), from €40,696 to €62,270
- Financial charges -€1,717
down €1,717 (-7.2%), from €23,870 to €22,153
- Taxes +€917
new in 2025: €917
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 | €510,254 | €569,740 | +€59,486 | +11.7% |
| Fixed assets | 21/28 | €2,795 | €2,215 | -€580 | -20.7% |
| Tangible fixed assets | 22/27 | €2,795 | €2,215 | -€580 | -20.7% |
| Plant, machinery and equipment | 23 | €2,795 | €2,215 | -€580 | -20.7% |
| Current assets | 29/58 | €507,459 | €567,525 | +€60,066 | +11.8% |
| Stocks and contracts in progress | 3 | €460,000 | €460,000 | = | 0.0% |
| Stocks | 30/36 | €460,000 | €460,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,939 | €5,001 | -€20,938 | -80.7% |
| Trade receivables | 40 | €25,939 | €350 | -€25,589 | -98.7% |
| Other amounts receivable | 41 | - | €4,651 | +€4,651 | |
| Cash at bank and in hand | 54/58 | €21,520 | €102,524 | +€81,004 | +376% |
| Total equity and liabilities | 10/49 | €510,254 | €569,740 | +€59,486 | +11.7% |
| Equity | 10/15 | -€17,749 | €19,679 | +€37,428 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,749 | -€321 | +€37,428 | +99.2% |
| Amounts payable | 17/49 | €528,003 | €550,061 | +€22,057 | +4.2% |
| Amounts payable after more than one year | 17 | €433,000 | €433,000 | = | 0.0% |
| Financial debts | 170/4 | €433,000 | €433,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €78,749 | €117,061 | +€38,311 | +48.6% |
| Trade debts | 44 | - | €38,144 | +€38,144 | |
| Suppliers | 440/4 | - | €38,144 | +€38,144 | |
| Taxes, remuneration and social security | 45 | €749 | €917 | +€167 | +22.3% |
| Taxes | 450/3 | €749 | €917 | +€167 | +22.3% |
| Other amounts payable | 47/48 | €78,000 | €78,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €16,254 | - | -€16,254 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105 | €580 | +€475 | +455% |
| Other operating charges | 640/8 | €1,158 | €1,192 | +€35 | +3.0% |
| Gross operating margin | 9900 | €40,696 | €62,270 | +€21,574 | +53.0% |
| Operating profit (loss) | 9901 | €39,434 | €60,498 | +€21,064 | +53.4% |
| Financial charges | 65/66B | €23,870 | €22,153 | -€1,717 | -7.2% |
| Recurring financial charges | 65 | €23,870 | €22,153 | -€1,717 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €15,564 | €38,345 | +€22,782 | +146% |
| Income taxes | 67/77 | - | €917 | +€917 | |
| Profit (loss) for the period | 9904 | €15,564 | €37,428 | +€21,865 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €15,564 | €37,428 | +€21,865 | +140% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.