SIMULATION ENGINEERING: 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.
SIMULATION ENGINEERING
Largest movements
- Cash +€180,124
up €180,124 (+81.7%), from €220,497 to €400,621
mainly Net result for the year (+€306,588) and Tax, wage and social debts (+€48,388)
- Receivables within one year +€76,262
up €76,262 (+145.3%), from €52,489 to €128,751
of which Trade receivables: +€98,854
- Reserves +€306,588
up €306,588 (+192.7%), from €159,101 to €465,689
- Debts after one year -€92,679
down €92,679 (-92.6%), from €100,036 to €7,358
- Tax, wage and social debts +€48,388
up €48,388 (+1003.6%), from €4,821 to €53,210
- Gross operating margin +€353,273
up €353,273 (+463.9%), from €76,145 to €429,418
- Taxes +€115,305
up €115,305 (+2207.9%), from €5,222 to €120,528
- Depreciation -€21,919
down €21,919 (-90.7%), from €24,153 to €2,234
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €278,004 | €535,608 | +€257,604 | +92.7% |
| Fixed assets | 21/28 | €4,539 | €3,891 | -€648 | -14.3% |
| Tangible fixed assets | 22/27 | €4,539 | €3,891 | -€648 | -14.3% |
| Plant, machinery and equipment | 23 | €4,539 | €3,891 | -€648 | -14.3% |
| Current assets | 29/58 | €273,465 | €531,717 | +€258,252 | +94.4% |
| Amounts receivable within one year | 40/41 | €52,489 | €128,751 | +€76,262 | +145.3% |
| Trade receivables | 40 | €11,515 | €110,369 | +€98,854 | +858.5% |
| Other amounts receivable | 41 | €40,974 | €18,382 | -€22,592 | -55.1% |
| Cash at bank and in hand | 54/58 | €220,497 | €400,621 | +€180,124 | +81.7% |
| Deferred charges and accrued income | 490/1 | €479 | €2,345 | +€1,866 | +389.4% |
| Total equity and liabilities | 10/49 | €278,004 | €535,608 | +€257,604 | +92.7% |
| Equity | 10/15 | €165,307 | €471,894 | +€306,588 | +185.5% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €159,101 | €465,689 | +€306,588 | +192.7% |
| Distributable reserves | 133 | €159,101 | €465,689 | +€306,588 | +192.7% |
| Amounts payable | 17/49 | €112,697 | €63,714 | -€48,984 | -43.5% |
| Amounts payable after more than one year | 17 | €100,036 | €7,358 | -€92,679 | -92.6% |
| Other amounts payable | 178/9 | €100,036 | €7,358 | -€92,679 | -92.6% |
| Amounts payable within one year | 42/48 | €12,661 | €56,356 | +€43,695 | +345.1% |
| Trade debts | 44 | €7,840 | €3,146 | -€4,693 | -59.9% |
| Suppliers | 440/4 | €7,840 | €3,146 | -€4,693 | -59.9% |
| Taxes, remuneration and social security | 45 | €4,821 | €53,210 | +€48,388 | +1003.6% |
| Taxes | 450/3 | €4,821 | €53,210 | +€48,388 | +1003.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,153 | €2,234 | -€21,919 | -90.7% |
| Other operating charges | 640/8 | €828 | €694 | -€134 | -16.2% |
| Gross operating margin | 9900 | €76,145 | €429,418 | +€353,273 | +463.9% |
| Operating profit (loss) | 9901 | €51,164 | €426,490 | +€375,326 | +733.6% |
| Financial income | 75/76B | €3,665 | €1,059 | -€2,605 | -71.1% |
| Recurring financial income | 75 | €3,665 | €1,059 | -€2,605 | -71.1% |
| Financial charges | 65/66B | €75 | €434 | +€359 | +479.1% |
| Recurring financial charges | 65 | €75 | €434 | +€359 | +479.1% |
| Profit (loss) for the period before taxes | 9903 | €54,753 | €427,115 | +€372,362 | +680.1% |
| Income taxes | 67/77 | €5,222 | €120,528 | +€115,305 | +2207.9% |
| Profit (loss) for the period | 9904 | €49,531 | €306,588 | +€257,057 | +519.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,531 | €306,588 | +€257,057 | +519.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.