SIMVER: 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.
SIMVER
Largest movements
- Cash -€21,988
down €21,988 (-97.8%), from €22,488 to €500
mainly Debts after one year (-€26,950) and Net result for the year (-€6,877)
- Tangible fixed assets -€4,880
down €4,880 (-58.2%), from €8,388 to €3,508
of which Furniture and vehicles: -€3,336
- Debts after one year -€26,950
down €26,950 (-26.9%), from €100,155 to €73,205
- Reserves -€6,877
down €6,877 (-7.5%), from €91,691 to €84,814
- Accrued charges and deferred income +€6,566
up €6,566 (+4722.3%), from €139 to €6,705
- Other debts -€6,000
down €6,000 (-66.7%), from €9,000 to €3,000
- Trade debts -€5,031
down €5,031 (-9.1%), from €55,538 to €50,507
- Gross operating margin -€32,269
down €32,269 (-22.7%), from €141,858 to €109,589
- Staff costs -€18,848
down €18,848 (-20.5%), from €91,979 to €73,132
- Taxes -€2,920
down €2,920 (-62.9%), from €4,646 to €1,726
- Depreciation -€2,714
down €2,714 (-53.5%), from €5,074 to €2,360
- Financial charges -€2,648
down €2,648 (-11.1%), from €23,918 to €21,270
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 | €395,946 | €367,851 | -€28,096 | -7.1% |
| Fixed assets | 21/28 | €8,688 | €3,808 | -€4,880 | -56.2% |
| Tangible fixed assets | 22/27 | €8,388 | €3,508 | -€4,880 | -58.2% |
| Land and buildings | 22 | €1,198 | - | -€1,198 | |
| Plant, machinery and equipment | 23 | €422 | €75 | -€346 | -82.2% |
| Furniture and vehicles | 24 | €6,769 | €3,433 | -€3,336 | -49.3% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €387,258 | €364,042 | -€23,216 | -6.0% |
| Stocks and contracts in progress | 3 | €4,710 | €5,130 | +€420 | +8.9% |
| Stocks | 30/36 | €4,710 | €5,130 | +€420 | +8.9% |
| Amounts receivable within one year | 40/41 | €355,875 | €357,325 | +€1,450 | +0.4% |
| Trade receivables | 40 | €23 | €4,266 | +€4,243 | +18577.8% |
| Other amounts receivable | 41 | €355,852 | €353,059 | -€2,793 | -0.8% |
| Cash at bank and in hand | 54/58 | €22,488 | €500 | -€21,988 | -97.8% |
| Deferred charges and accrued income | 490/1 | €4,186 | €1,087 | -€3,099 | -74.0% |
| Total equity and liabilities | 10/49 | €395,946 | €367,851 | -€28,096 | -7.1% |
| Equity | 10/15 | €110,291 | €103,414 | -€6,877 | -6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €91,691 | €84,814 | -€6,877 | -7.5% |
| Distributable reserves | 133 | €91,691 | €84,814 | -€6,877 | -7.5% |
| Amounts payable | 17/49 | €285,655 | €264,437 | -€21,218 | -7.4% |
| Amounts payable after more than one year | 17 | €100,155 | €73,205 | -€26,950 | -26.9% |
| Financial debts | 170/4 | €100,155 | €73,205 | -€26,950 | -26.9% |
| Amounts payable within one year | 42/48 | €185,361 | €184,526 | -€835 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €24,623 | €26,950 | +€2,327 | +9.5% |
| Financial debts | 43 | €63,601 | €68,586 | +€4,985 | +7.8% |
| Credit institutions | 430/8 | €63,601 | €68,586 | +€4,985 | +7.8% |
| Trade debts | 44 | €55,538 | €50,507 | -€5,031 | -9.1% |
| Suppliers | 440/4 | €55,538 | €50,507 | -€5,031 | -9.1% |
| Taxes, remuneration and social security | 45 | €32,599 | €35,484 | +€2,885 | +8.8% |
| Taxes | 450/3 | €21,640 | €28,272 | +€6,632 | +30.6% |
| Remuneration and social security | 454/9 | €10,960 | €7,212 | -€3,747 | -34.2% |
| Other amounts payable | 47/48 | €9,000 | €3,000 | -€6,000 | -66.7% |
| Accrued charges and deferred income | 492/3 | €139 | €6,705 | +€6,566 | +4722.3% |
| Non-recurring operating income | 76A | €10,472 | - | -€10,472 | |
| Remuneration, social security and pensions | 62 | €91,979 | €73,132 | -€18,848 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,074 | €2,360 | -€2,714 | -53.5% |
| Other operating charges | 640/8 | €13,881 | €11,781 | -€2,100 | -15.1% |
| Non-recurring operating charges | 66A | - | €6,585 | +€6,585 | |
| Gross operating margin | 9900 | €141,858 | €109,589 | -€32,269 | -22.7% |
| Operating profit (loss) | 9901 | €30,924 | €15,731 | -€15,193 | -49.1% |
| Financial income | 75/76B | €1,900 | €387 | -€1,513 | -79.6% |
| Recurring financial income | 75 | €1,900 | €387 | -€1,513 | -79.6% |
| Financial charges | 65/66B | €23,918 | €21,270 | -€2,648 | -11.1% |
| Recurring financial charges | 65 | €23,918 | €21,270 | -€2,648 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €8,906 | -€5,151 | -€14,058 | |
| Income taxes | 67/77 | €4,646 | €1,726 | -€2,920 | -62.9% |
| Profit (loss) for the period | 9904 | €4,260 | -€6,877 | -€11,138 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,260 | -€6,877 | -€11,138 |
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 6 October 2026 via checked.be.