SOCIETE SIMON FREDERIC: 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.
SOCIETE SIMON FREDERIC
Largest movements
- Cash +€192,583
up €192,583 (+23.0%), from €838,712 to €1.0m
mainly Other debts (+€598,008) and Net result for the year (+€354,596)
- Receivables within one year -€61,772
down €61,772 (-32.0%), from €193,235 to €131,463
of which Trade receivables: -€116,209
- Tangible fixed assets -€56,411
down €56,411 (-3.3%), from €1.7m to €1.7m
of which Land and buildings: -€105,481
- Reserves -€824,000
down €824,000 (-99.8%), from €826,000 to €2,000
of which Distributable reserves: -€824,000
- Other debts +€598,008
up €598,008 (+90.6%), from €659,790 to €1.3m
- Profit (loss) carried forward +€378,596
up €378,596 (+166.1%), from €227,876 to €606,471
- Debts after one year -€86,342
down €86,342 (-8.9%), from €975,380 to €889,038
- Trade debts -€31,736
down €31,736 (-26.3%), from €120,546 to €88,810
- Gross operating margin -€192,038
down €192,038 (-13.0%), from €1.5m to €1.3m
- Taxes -€110,000
down €110,000 (-72.1%), from €152,625 to €42,625
- Depreciation +€29,270
up €29,270 (+19.2%), from €152,510 to €181,780
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 | €3,085,758 | €3,125,071 | +€39,313 | +1.3% |
| Fixed assets | 21/28 | €1,737,250 | €1,680,839 | -€56,411 | -3.2% |
| Tangible fixed assets | 22/27 | €1,734,554 | €1,678,142 | -€56,411 | -3.3% |
| Land and buildings | 22 | €1,471,864 | €1,366,383 | -€105,481 | -7.2% |
| Plant, machinery and equipment | 23 | €179,903 | €138,985 | -€40,918 | -22.7% |
| Furniture and vehicles | 24 | €82,787 | €172,775 | +€89,988 | +108.7% |
| Financial fixed assets | 28 | €2,696 | €2,696 | = | 0.0% |
| Current assets | 29/58 | €1,348,508 | €1,444,232 | +€95,724 | +7.1% |
| Stocks and contracts in progress | 3 | €204,844 | €183,349 | -€21,496 | -10.5% |
| Stocks | 30/36 | €204,844 | €183,349 | -€21,496 | -10.5% |
| Amounts receivable within one year | 40/41 | €193,235 | €131,463 | -€61,772 | -32.0% |
| Trade receivables | 40 | €192,849 | €76,640 | -€116,209 | -60.3% |
| Other amounts receivable | 41 | €386 | €54,823 | +€54,437 | +14102.9% |
| Current investments | 50/53 | €97,723 | €97,236 | -€488 | -0.5% |
| Cash at bank and in hand | 54/58 | €838,712 | €1,031,295 | +€192,583 | +23.0% |
| Deferred charges and accrued income | 490/1 | €13,993 | €890 | -€13,104 | -93.6% |
| Total equity and liabilities | 10/49 | €3,085,758 | €3,125,071 | +€39,313 | +1.3% |
| Equity | 10/15 | €1,073,876 | €628,471 | -€445,404 | -41.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €826,000 | €2,000 | -€824,000 | -99.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €824,000 | - | -€824,000 | |
| Profit (loss) carried forward | 14 | €227,876 | €606,471 | +€378,596 | +166.1% |
| Amounts payable | 17/49 | €2,011,882 | €2,496,600 | +€484,717 | +24.1% |
| Amounts payable after more than one year | 17 | €975,380 | €889,038 | -€86,342 | -8.9% |
| Financial debts | 170/4 | €975,380 | €889,038 | -€86,342 | -8.9% |
| Amounts payable within one year | 42/48 | €989,237 | €1,569,902 | +€580,665 | +58.7% |
| Current portion of amounts payable after more than one year | 42 | €159,631 | €167,809 | +€8,179 | +5.1% |
| Trade debts | 44 | €120,546 | €88,810 | -€31,736 | -26.3% |
| Suppliers | 440/4 | €120,546 | €88,810 | -€31,736 | -26.3% |
| Taxes, remuneration and social security | 45 | €49,270 | €55,484 | +€6,214 | +12.6% |
| Taxes | 450/3 | €17,724 | €37,300 | +€19,577 | +110.5% |
| Remuneration and social security | 454/9 | €31,546 | €18,184 | -€13,362 | -42.4% |
| Other amounts payable | 47/48 | €659,790 | €1,257,797 | +€598,008 | +90.6% |
| Accrued charges and deferred income | 492/3 | €47,265 | €37,660 | -€9,606 | -20.3% |
| Non-recurring operating income | 76A | €6,099 | - | -€6,099 | |
| Remuneration, social security and pensions | 62 | €353,912 | €339,608 | -€14,304 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,510 | €181,780 | +€29,270 | +19.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,348 | - | -€1,348 | |
| Other operating charges | 640/8 | €51,638 | €57,579 | +€5,941 | +11.5% |
| Non-recurring operating charges | 66A | - | €3,142 | +€3,142 | |
| Gross operating margin | 9900 | €1,472,475 | €1,280,437 | -€192,038 | -13.0% |
| Operating profit (loss) | 9901 | €913,068 | €698,328 | -€214,739 | -23.5% |
| Financial income | 75/76B | €5,978 | €5,000 | -€979 | -16.4% |
| Recurring financial income | 75 | €5,978 | €5,000 | -€979 | -16.4% |
| Financial charges | 65/66B | €298,088 | €306,108 | +€8,020 | +2.7% |
| Recurring financial charges | 65 | €298,088 | €306,108 | +€8,020 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €620,959 | €397,220 | -€223,738 | -36.0% |
| Income taxes | 67/77 | €152,625 | €42,625 | -€110,000 | -72.1% |
| Profit (loss) for the period | 9904 | €468,334 | €354,596 | -€113,738 | -24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €468,334 | €354,596 | -€113,738 | -24.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.