SIMVEST: 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.
SIMVEST
Largest movements
- Cash +€40,426
up €40,426 (+248%), from €16,306 to €56,732
mainly Receivables after one year (+€20,841) and Net result for the year (+€20,216)
- Receivables after one year -€20,841
down €20,841 (-20.8%), from €100,000 to €79,159
- Reserves +€18,550
up €18,550 (+15.3%), from €120,890 to €139,439
- Gross operating margin -€16,275
down €16,275 (-30.8%), from €52,856 to €36,581
- Taxes -€5,310
down €5,310 (-30.6%), from €17,348 to €12,038
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 | €1,507,250 | €1,523,527 | +€16,277 | +1.1% |
| Fixed assets | 21/28 | €1,380,295 | €1,378,094 | -€2,201 | -0.2% |
| Tangible fixed assets | 22/27 | €5,295 | €3,094 | -€2,201 | -41.6% |
| Furniture and vehicles | 24 | €5,295 | €3,094 | -€2,201 | -41.6% |
| Financial fixed assets | 28 | €1,375,000 | €1,375,000 | = | 0.0% |
| Current assets | 29/58 | €126,955 | €145,433 | +€18,478 | +14.6% |
| Amounts receivable after more than one year | 29 | €100,000 | €79,159 | -€20,841 | -20.8% |
| Other amounts receivable | 291 | €100,000 | €79,159 | -€20,841 | -20.8% |
| Amounts receivable within one year | 40/41 | €9,049 | €7,845 | -€1,204 | -13.3% |
| Trade receivables | 40 | €8,470 | €6,050 | -€2,420 | -28.6% |
| Other amounts receivable | 41 | €579 | €1,795 | +€1,216 | +210% |
| Cash at bank and in hand | 54/58 | €16,306 | €56,732 | +€40,426 | +248% |
| Deferred charges and accrued income | 490/1 | €1,600 | €1,697 | +€96 | +6.0% |
| Total equity and liabilities | 10/49 | €1,507,250 | €1,523,527 | +€16,277 | +1.1% |
| Equity | 10/15 | €1,498,390 | €1,516,939 | +€18,550 | +1.2% |
| Contributions | 10/11 | €1,377,500 | €1,377,500 | = | 0.0% |
| Reserves | 13 | €120,890 | €139,439 | +€18,550 | +15.3% |
| Distributable reserves | 133 | €120,890 | €139,439 | +€18,550 | +15.3% |
| Amounts payable | 17/49 | €8,861 | €6,588 | -€2,273 | -25.7% |
| Amounts payable after more than one year | 17 | €2,568 | - | -€2,568 | |
| Other amounts payable | 178/9 | €2,568 | - | -€2,568 | |
| Amounts payable within one year | 42/48 | €6,293 | €6,588 | +€295 | +4.7% |
| Trade debts | 44 | €856 | €2,176 | +€1,320 | +154% |
| Suppliers | 440/4 | €856 | €2,176 | +€1,320 | +154% |
| Taxes, remuneration and social security | 45 | €3,771 | €2,746 | -€1,025 | -27.2% |
| Taxes | 450/3 | €3,771 | €2,746 | -€1,025 | -27.2% |
| Other amounts payable | 47/48 | €1,666 | €1,666 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,426 | €2,201 | -€225 | -9.3% |
| Other operating charges | 640/8 | €1,328 | €1,358 | +€30 | +2.2% |
| Gross operating margin | 9900 | €52,856 | €36,581 | -€16,275 | -30.8% |
| Operating profit (loss) | 9901 | €49,102 | €33,022 | -€16,080 | -32.7% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €1,037 | €780 | -€257 | -24.8% |
| Recurring financial charges | 65 | €1,037 | €780 | -€257 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €48,064 | €32,253 | -€15,811 | -32.9% |
| Income taxes | 67/77 | €17,348 | €12,038 | -€5,310 | -30.6% |
| Profit (loss) for the period | 9904 | €30,716 | €20,216 | -€10,501 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,716 | €20,216 | -€10,501 | -34.2% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.