SIMCO: 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.
SIMCO
Largest movements
- Financial fixed assets -€78,000
down €78,000 (-7.9%), from €984,936 to €906,936
- Receivables within one year -€12,770
down €12,770 (-10.4%), from €123,125 to €110,355
of which Trade receivables: -€30,000
- Debts after one year -€106,347
down €106,347 (-26.6%), from €399,994 to €293,647
- Reserves +€65,009
up €65,009 (+14.1%), from €460,833 to €525,842
- Tax, wage and social debts -€24,432
down €24,432 (-71.8%), from €34,038 to €9,606
- Other debts -€22,307
down €22,307 (-17.7%), from €126,138 to €103,831
- Gross operating margin -€47,837
down €47,837 (-27.1%), from €176,743 to €128,906
- Taxes -€16,096
down €16,096 (-31.9%), from €50,454 to €34,358
- Financial charges +€4,261
up €4,261 (+30.2%), from €14,089 to €18,350
- Other operating charges +€2,331
up €2,331 (+110%), from €2,121 to €4,452
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 | €1,173,220 | €1,079,677 | -€93,543 | -8.0% |
| Fixed assets | 21/28 | €1,040,563 | €959,892 | -€80,671 | -7.8% |
| Tangible fixed assets | 22/27 | €55,627 | €52,956 | -€2,671 | -4.8% |
| Plant, machinery and equipment | 23 | €300 | €150 | -€150 | -50.0% |
| Furniture and vehicles | 24 | €55,327 | €45,031 | -€10,296 | -18.6% |
| Leasing and similar rights | 25 | - | €7,775 | +€7,775 | |
| Financial fixed assets | 28 | €984,936 | €906,936 | -€78,000 | -7.9% |
| Current assets | 29/58 | €132,657 | €119,785 | -€12,872 | -9.7% |
| Amounts receivable within one year | 40/41 | €123,125 | €110,355 | -€12,770 | -10.4% |
| Trade receivables | 40 | €45,125 | €15,125 | -€30,000 | -66.5% |
| Other amounts receivable | 41 | €78,000 | €95,230 | +€17,230 | +22.1% |
| Cash at bank and in hand | 54/58 | €6,469 | €7,378 | +€909 | +14.1% |
| Deferred charges and accrued income | 490/1 | €3,063 | €2,052 | -€1,011 | -33.0% |
| Total equity and liabilities | 10/49 | €1,173,220 | €1,079,677 | -€93,543 | -8.0% |
| Equity | 10/15 | €457,245 | €522,254 | +€65,009 | +14.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €460,833 | €525,842 | +€65,009 | +14.1% |
| Distributable reserves | 133 | €460,833 | €525,842 | +€65,009 | +14.1% |
| Profit (loss) carried forward | 14 | -€22,180 | -€22,180 | = | 0.0% |
| Amounts payable | 17/49 | €715,975 | €557,423 | -€158,552 | -22.1% |
| Amounts payable after more than one year | 17 | €399,994 | €293,647 | -€106,347 | -26.6% |
| Financial debts | 170/4 | €399,994 | €293,647 | -€106,347 | -26.6% |
| Amounts payable within one year | 42/48 | €315,981 | €260,417 | -€55,564 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €153,934 | €143,730 | -€10,204 | -6.6% |
| Trade debts | 44 | €1,870 | €3,250 | +€1,380 | +73.8% |
| Suppliers | 440/4 | €1,870 | €3,250 | +€1,380 | +73.8% |
| Taxes, remuneration and social security | 45 | €34,038 | €9,606 | -€24,432 | -71.8% |
| Taxes | 450/3 | €34,038 | €9,606 | -€24,432 | -71.8% |
| Other amounts payable | 47/48 | €126,138 | €103,831 | -€22,307 | -17.7% |
| Accrued charges and deferred income | 492/3 | - | €3,359 | +€3,359 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,523 | €12,192 | -€1,331 | -9.8% |
| Other operating charges | 640/8 | €2,121 | €4,452 | +€2,331 | +110% |
| Gross operating margin | 9900 | €176,743 | €128,906 | -€47,837 | -27.1% |
| Operating profit (loss) | 9901 | €161,099 | €112,262 | -€48,836 | -30.3% |
| Financial income | 75/76B | €5,455 | €5,455 | = | 0.0% |
| Recurring financial income | 75 | €5,455 | €5,455 | = | 0.0% |
| Financial charges | 65/66B | €14,089 | €18,350 | +€4,261 | +30.2% |
| Recurring financial charges | 65 | €14,089 | €18,350 | +€4,261 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €152,464 | €99,367 | -€53,097 | -34.8% |
| Income taxes | 67/77 | €50,454 | €34,358 | -€16,096 | -31.9% |
| Profit (loss) for the period | 9904 | €102,011 | €65,009 | -€37,002 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €102,011 | €65,009 | -€37,002 | -36.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.