'T Simpelke: 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.
'T Simpelke
Largest movements
- Tangible fixed assets +€31,322
up €31,322 (+97.1%), from €32,274 to €63,596
of which Furniture and vehicles: +€37,450
- Receivables within one year -€25,999
down €25,999 (-53.8%), from €48,311 to €22,311
of which Trade receivables: -€26,386
- Cash +€12,398
up €12,398 (+119%), from €10,418 to €22,816
mainly Receivables within one year (+€25,999) and Net result for the year (+€18,263)
- Trade debts -€31,737
down €31,737 (-95.0%), from €33,391 to €1,654
- Reserves +€18,263
up €18,263 (+128%), from €14,317 to €32,580
- Debts after one year +€17,372
up €17,372 (+43.1%), from €40,344 to €57,716
- Current portion of long-term debt +€9,144
up €9,144 (+192%), from €4,752 to €13,896
- Tax, wage and social debts +€3,709
up €3,709 (+76.7%), from €4,838 to €8,547
of which Taxes: +€3,500
- Gross operating margin +€22,098
up €22,098 (+47.1%), from €46,891 to €68,989
- Taxes +€4,238
up €4,238 (+937%), from €452 to €4,690
- Financial charges +€3,185
up €3,185 (+109%), from €2,933 to €6,118
- Financial income +€2,357
up €2,357 (+832%), from €283 to €2,640
- Depreciation +€2,084
up €2,084 (+16.4%), from €12,730 to €14,814
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 | €99,642 | €116,393 | +€16,751 | +16.8% |
| Formation expenses | 20 | €1,209 | €719 | -€490 | -40.5% |
| Fixed assets | 21/28 | €32,274 | €63,596 | +€31,322 | +97.1% |
| Tangible fixed assets | 22/27 | €32,274 | €63,596 | +€31,322 | +97.1% |
| Plant, machinery and equipment | 23 | €32,274 | €26,147 | -€6,127 | -19.0% |
| Furniture and vehicles | 24 | - | €37,450 | +€37,450 | |
| Current assets | 29/58 | €66,159 | €52,078 | -€14,081 | -21.3% |
| Stocks and contracts in progress | 3 | €7,430 | €6,950 | -€480 | -6.5% |
| Stocks | 30/36 | €7,430 | €6,950 | -€480 | -6.5% |
| Amounts receivable within one year | 40/41 | €48,311 | €22,311 | -€25,999 | -53.8% |
| Trade receivables | 40 | €26,386 | - | -€26,386 | |
| Other amounts receivable | 41 | €21,924 | €22,311 | +€387 | +1.8% |
| Cash at bank and in hand | 54/58 | €10,418 | €22,816 | +€12,398 | +119% |
| Total equity and liabilities | 10/49 | €99,642 | €116,393 | +€16,751 | +16.8% |
| Equity | 10/15 | €16,317 | €34,580 | +€18,263 | +112% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €14,317 | €32,580 | +€18,263 | +128% |
| Distributable reserves | 133 | €14,317 | €32,580 | +€18,263 | +128% |
| Amounts payable | 17/49 | €83,325 | €81,813 | -€1,511 | -1.8% |
| Amounts payable after more than one year | 17 | €40,344 | €57,716 | +€17,372 | +43.1% |
| Financial debts | 170/4 | €40,344 | €57,716 | +€17,372 | +43.1% |
| Amounts payable within one year | 42/48 | €42,981 | €24,097 | -€18,884 | -43.9% |
| Current portion of amounts payable after more than one year | 42 | €4,752 | €13,896 | +€9,144 | +192% |
| Trade debts | 44 | €33,391 | €1,654 | -€31,737 | -95.0% |
| Suppliers | 440/4 | €33,391 | €1,654 | -€31,737 | -95.0% |
| Taxes, remuneration and social security | 45 | €4,838 | €8,547 | +€3,709 | +76.7% |
| Taxes | 450/3 | €1,940 | €5,440 | +€3,500 | +180% |
| Remuneration and social security | 454/9 | €2,897 | €3,106 | +€209 | +7.2% |
| Remuneration, social security and pensions | 62 | €28,319 | €26,608 | -€1,712 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,730 | €14,814 | +€2,084 | +16.4% |
| Other operating charges | 640/8 | €1,238 | €1,136 | -€102 | -8.2% |
| Gross operating margin | 9900 | €46,891 | €68,989 | +€22,098 | +47.1% |
| Operating profit (loss) | 9901 | €4,603 | €26,431 | +€21,827 | +474% |
| Financial income | 75/76B | €283 | €2,640 | +€2,357 | +832% |
| Recurring financial income | 75 | €283 | €2,640 | +€2,357 | +832% |
| Financial charges | 65/66B | €2,933 | €6,118 | +€3,185 | +109% |
| Recurring financial charges | 65 | €2,933 | €6,118 | +€3,185 | +109% |
| Profit (loss) for the period before taxes | 9903 | €1,954 | €22,953 | +€20,999 | +1,075% |
| Income taxes | 67/77 | €452 | €4,690 | +€4,238 | +937% |
| Profit (loss) for the period | 9904 | €1,502 | €18,263 | +€16,761 | +1,116% |
| Profit (loss) for the period to be appropriated | 9905 | €1,502 | €18,263 | +€16,761 | +1,116% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.