TINE SIMOENS: 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.
TINE SIMOENS
Largest movements
- Cash +€95,893
up €95,893 (+123%), from €77,789 to €173,682
mainly Current investments (+€50,000) and Net result for the year (+€48,679)
- Current investments -€50,000
down €50,000 (-74.6%), from €67,000 to €17,000
- Tangible fixed assets -€37,728
down €37,728 (-18.8%), from €201,117 to €163,389
of which Land and buildings: -€24,559
- Reserves +€48,009
up €48,009 (+19.5%), from €246,325 to €294,334
- Other debts -€37,306
down €37,306 (-95.8%), from €38,956 to €1,650
- Tax, wage and social debts +€5,196
up €5,196 (+68.7%), from €7,567 to €12,763
- Trade debts -€4,992
down €4,992 (-55.7%), from €8,956 to €3,965
- Gross operating margin -€63,566
down €63,566 (-31.4%), from €202,551 to €138,986
- Financial income +€11,066
up €11,066 (+2,190%), from €505 to €11,571
- Taxes -€8,714
down €8,714 (-27.2%), from €32,063 to €23,349
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 | €378,511 | €386,670 | +€8,159 | +2.2% |
| Fixed assets | 21/28 | €201,117 | €163,389 | -€37,728 | -18.8% |
| Tangible fixed assets | 22/27 | €201,117 | €163,389 | -€37,728 | -18.8% |
| Land and buildings | 22 | €168,990 | €144,431 | -€24,559 | -14.5% |
| Plant, machinery and equipment | 23 | €24,302 | €15,501 | -€8,802 | -36.2% |
| Furniture and vehicles | 24 | €7,825 | €3,458 | -€4,367 | -55.8% |
| Current assets | 29/58 | €177,394 | €223,281 | +€45,887 | +25.9% |
| Stocks and contracts in progress | 3 | €26,206 | €25,897 | -€310 | -1.2% |
| Stocks | 30/36 | €26,206 | €25,897 | -€310 | -1.2% |
| Amounts receivable within one year | 40/41 | €2,477 | €1,339 | -€1,138 | -46.0% |
| Trade receivables | 40 | €1,494 | €338 | -€1,156 | -77.4% |
| Other amounts receivable | 41 | €983 | €1,001 | +€17 | +1.8% |
| Current investments | 50/53 | €67,000 | €17,000 | -€50,000 | -74.6% |
| Cash at bank and in hand | 54/58 | €77,789 | €173,682 | +€95,893 | +123% |
| Deferred charges and accrued income | 490/1 | €3,921 | €5,363 | +€1,442 | +36.8% |
| Total equity and liabilities | 10/49 | €378,511 | €386,670 | +€8,159 | +2.2% |
| Equity | 10/15 | €313,325 | €361,334 | +€48,009 | +15.3% |
| Contributions | 10/11 | €67,000 | €67,000 | = | 0.0% |
| Reserves | 13 | €246,325 | €294,334 | +€48,009 | +19.5% |
| Distributable reserves | 133 | €246,325 | €294,334 | +€48,009 | +19.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €65,186 | €25,336 | -€39,850 | -61.1% |
| Amounts payable within one year | 42/48 | €55,479 | €18,377 | -€37,102 | -66.9% |
| Trade debts | 44 | €8,956 | €3,965 | -€4,992 | -55.7% |
| Suppliers | 440/4 | €8,956 | €3,965 | -€4,992 | -55.7% |
| Taxes, remuneration and social security | 45 | €7,567 | €12,763 | +€5,196 | +68.7% |
| Taxes | 450/3 | €7,567 | €12,763 | +€5,196 | +68.7% |
| Other amounts payable | 47/48 | €38,956 | €1,650 | -€37,306 | -95.8% |
| Accrued charges and deferred income | 492/3 | €9,707 | €6,959 | -€2,748 | -28.3% |
| Remuneration, social security and pensions | 62 | €41,403 | €39,726 | -€1,677 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,326 | €37,728 | +€402 | +1.1% |
| Other operating charges | 640/8 | €680 | €593 | -€86 | -12.7% |
| Gross operating margin | 9900 | €202,551 | €138,986 | -€63,566 | -31.4% |
| Operating profit (loss) | 9901 | €123,142 | €60,938 | -€62,204 | -50.5% |
| Financial income | 75/76B | €505 | €11,571 | +€11,066 | +2,190% |
| Recurring financial income | 75 | €505 | €11,571 | +€11,066 | +2,190% |
| Financial charges | 65/66B | €1,212 | €482 | -€731 | -60.3% |
| Recurring financial charges | 65 | €1,212 | €482 | -€731 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | €122,435 | €72,028 | -€50,407 | -41.2% |
| Income taxes | 67/77 | €32,063 | €23,349 | -€8,714 | -27.2% |
| Profit (loss) for the period | 9904 | €90,372 | €48,679 | -€41,693 | -46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €90,372 | €48,679 | -€41,693 | -46.1% |
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 20 October 2026 via checked.be.