SIMUSIN': 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.
SIMUSIN'
Largest movements
- Receivables within one year +€33,013
up €33,013 (+1418.8%), from €2,327 to €35,340
of which Trade receivables: +€33,522
- Tangible fixed assets -€20,488
down €20,488 (-7.9%), from €259,530 to €239,042
- Cash -€3,063
down €3,063 (-30.1%), from €10,191 to €7,128
mainly Receivables within one year (-€33,013) and Debts after one year (-€16,641)
- Debts after one year -€16,641
down €16,641 (-7.8%), from €214,203 to €197,562
- Other debts +€11,473
up €11,473 (+26.7%), from €42,933 to €54,406
- Profit (loss) carried forward +€10,815
up €10,815 (+88.6%), from -€12,202 to -€1,387
- Tax, wage and social debts +€5,828
up €5,828 (+194.3%), from €3,000 to €8,828
- Current portion of long-term debt -€2,924
down €2,924 (-14.9%), from €19,566 to €16,641
- Gross operating margin +€30,514
up €30,514 (+163.8%), from €18,625 to €49,139
- Depreciation +€9,330
up €9,330 (+55.4%), from €16,848 to €26,179
- Taxes -€5,094
down €5,094 (-79.2%), from €6,433 to €1,339
- Other operating charges +€585
up €585 (+110.6%), from €529 to €1,114
- Financial charges -€512
down €512 (-5.0%), from €10,262 to €9,751
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 | €272,539 | €282,029 | +€9,490 | +3.5% |
| Fixed assets | 21/28 | €259,530 | €239,042 | -€20,488 | -7.9% |
| Tangible fixed assets | 22/27 | €259,530 | €239,042 | -€20,488 | -7.9% |
| Land and buildings | 22 | €182,124 | €174,699 | -€7,425 | -4.1% |
| Plant, machinery and equipment | 23 | €60,644 | €57,487 | -€3,157 | -5.2% |
| Furniture and vehicles | 24 | €9,682 | €4,785 | -€4,898 | -50.6% |
| Leasing and similar rights | 25 | €7,080 | €2,072 | -€5,008 | -70.7% |
| Current assets | 29/58 | €13,009 | €42,987 | +€29,978 | +230.4% |
| Amounts receivable within one year | 40/41 | €2,327 | €35,340 | +€33,013 | +1418.8% |
| Trade receivables | 40 | €1,818 | €35,340 | +€33,522 | +1843.5% |
| Other amounts receivable | 41 | €509 | - | -€509 | |
| Cash at bank and in hand | 54/58 | €10,191 | €7,128 | -€3,063 | -30.1% |
| Deferred charges and accrued income | 490/1 | €491 | €519 | +€28 | +5.7% |
| Total equity and liabilities | 10/49 | €272,539 | €282,029 | +€9,490 | +3.5% |
| Equity | 10/15 | -€9,202 | €1,613 | +€10,815 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,202 | -€1,387 | +€10,815 | +88.6% |
| Amounts payable | 17/49 | €281,741 | €280,416 | -€1,325 | -0.5% |
| Amounts payable after more than one year | 17 | €214,203 | €197,562 | -€16,641 | -7.8% |
| Financial debts | 170/4 | €214,203 | €197,562 | -€16,641 | -7.8% |
| Amounts payable within one year | 42/48 | €67,537 | €82,854 | +€15,316 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €19,566 | €16,641 | -€2,924 | -14.9% |
| Trade debts | 44 | €2,038 | €2,978 | +€939 | +46.1% |
| Suppliers | 440/4 | €2,038 | €2,978 | +€939 | +46.1% |
| Taxes, remuneration and social security | 45 | €3,000 | €8,828 | +€5,828 | +194.3% |
| Taxes | 450/3 | €3,000 | €8,828 | +€5,828 | +194.3% |
| Other amounts payable | 47/48 | €42,933 | €54,406 | +€11,473 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,848 | €26,179 | +€9,330 | +55.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €100 | +€100 | |
| Other operating charges | 640/8 | €529 | €1,114 | +€585 | +110.6% |
| Gross operating margin | 9900 | €18,625 | €49,139 | +€30,514 | +163.8% |
| Operating profit (loss) | 9901 | €1,248 | €21,746 | +€20,499 | +1642.9% |
| Financial income | 75/76B | €62 | €159 | +€96 | +155.0% |
| Recurring financial income | 75 | €62 | €159 | +€96 | +155.0% |
| Financial charges | 65/66B | €10,262 | €9,751 | -€512 | -5.0% |
| Recurring financial charges | 65 | €10,262 | €9,751 | -€512 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,953 | €12,154 | +€21,107 | |
| Income taxes | 67/77 | €6,433 | €1,339 | -€5,094 | -79.2% |
| Profit (loss) for the period | 9904 | -€15,386 | €10,815 | +€26,201 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,386 | €10,815 | +€26,201 |
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 8 October 2026 via checked.be.