THE SIM POWER: 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.
THE SIM POWER
Largest movements
- Receivables within one year +€122,183
new in 2024: €122,183
of which Trade receivables: +€114,466
- Cash +€82,864
up €82,864 (+3833.1%), from €2,162 to €85,026
mainly Trade debts (+€84,578) and Debts after one year (+€69,649)
- Tangible fixed assets +€10,665
up €10,665 (+319.0%), from €3,343 to €14,008
of which Other tangible fixed assets: +€10,767
- Trade debts +€84,578
new in 2024: €84,578
- Debts after one year +€69,649
new in 2024: €69,649
- Advances received +€37,558
new in 2024: €37,558
- Tax, wage and social debts +€25,796
up €25,796 (+4843.1%), from €533 to €26,329
- Other debts -€2,831
no longer reported in 2024 (was €2,831)
- Gross operating margin +€7,071
up €7,071 (+322.1%), from €2,196 to €9,266
- Taxes +€3,505
new in 2024: €3,505
- Other operating charges +€1,622
new in 2024: €1,622
- Financial charges +€1,183
up €1,183 (+98580.0%), from €1 to €1,184
- Depreciation +€1,160
up €1,160 (+138.8%), from €836 to €1,996
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,505 | €221,448 | +€215,944 | +3922.9% |
| Fixed assets | 21/28 | €3,343 | €14,008 | +€10,665 | +319.0% |
| Tangible fixed assets | 22/27 | €3,343 | €14,008 | +€10,665 | +319.0% |
| Plant, machinery and equipment | 23 | - | €1,291 | +€1,291 | |
| Furniture and vehicles | 24 | €3,343 | €1,950 | -€1,393 | -41.7% |
| Other tangible fixed assets | 26 | - | €10,767 | +€10,767 | |
| Current assets | 29/58 | €2,162 | €207,440 | +€205,278 | +9495.8% |
| Amounts receivable within one year | 40/41 | - | €122,183 | +€122,183 | |
| Trade receivables | 40 | - | €114,466 | +€114,466 | |
| Other amounts receivable | 41 | - | €7,717 | +€7,717 | |
| Cash at bank and in hand | 54/58 | €2,162 | €85,026 | +€82,864 | +3833.1% |
| Deferred charges and accrued income | 490/1 | - | €231 | +€231 | |
| Total equity and liabilities | 10/49 | €5,505 | €221,448 | +€215,944 | +3922.9% |
| Equity | 10/15 | €2,141 | €3,334 | +€1,193 | +55.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,041 | €2,234 | +€1,193 | +114.6% |
| Amounts payable | 17/49 | €3,363 | €218,114 | +€214,751 | +6385.2% |
| Amounts payable after more than one year | 17 | - | €69,649 | +€69,649 | |
| Financial debts | 170/4 | - | €69,649 | +€69,649 | |
| Amounts payable within one year | 42/48 | €3,363 | €148,465 | +€145,102 | +4314.3% |
| Trade debts | 44 | - | €84,578 | +€84,578 | |
| Suppliers | 440/4 | - | €84,578 | +€84,578 | |
| Advances received on contracts in progress | 46 | - | €37,558 | +€37,558 | |
| Taxes, remuneration and social security | 45 | €533 | €26,329 | +€25,796 | +4843.1% |
| Taxes | 450/3 | €533 | €26,329 | +€25,796 | +4843.1% |
| Other amounts payable | 47/48 | €2,831 | - | -€2,831 | |
| Remuneration, social security and pensions | 62 | €217 | - | -€217 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €836 | €1,996 | +€1,160 | +138.8% |
| Other operating charges | 640/8 | - | €1,622 | +€1,622 | |
| Gross operating margin | 9900 | €2,196 | €9,266 | +€7,071 | +322.1% |
| Operating profit (loss) | 9901 | €1,143 | €5,649 | +€4,506 | +394.3% |
| Financial income | 75/76B | - | €234 | +€234 | |
| Recurring financial income | 75 | - | €234 | +€234 | |
| Financial charges | 65/66B | €1 | €1,184 | +€1,183 | +98580.0% |
| Recurring financial charges | 65 | €1 | €1,184 | +€1,183 | +98580.0% |
| Profit (loss) for the period before taxes | 9903 | €1,141 | €4,698 | +€3,557 | +311.6% |
| Income taxes | 67/77 | - | €3,505 | +€3,505 | |
| Profit (loss) for the period | 9904 | €1,141 | €1,193 | +€52 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,141 | €1,193 | +€52 | +4.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.