SIMIN: what changed
What changed
SIMIN
filed annual accounts (NBB)
Net result for the year
€231,001
2024 · €272,088-€41,086
Equity
€2.0m
2024 · €1.8m+€151,001
Cash
-
2024 · €165,357-€165,357
Balance sheet total
€2.8m
2024 · €2.8m+€11,105
Largest movements
Assets
- Receivables within one year +€223,647
up €223,647 (+87.6%), from €255,317 to €478,964
of which Other amounts receivable: +€223,647
- Cash -€165,357
no longer reported in 2025 (was €165,357)
mainly Receivables within one year (-€223,647) and Current portion of long-term debt (-€119,584)
- Tangible fixed assets -€125,247
down €125,247 (-6.3%), from €2.0m to €1.9m
of which Land and buildings: -€90,810
- Current investments +€78,420
new in 2025: €78,420
Equity and liabilities
- Reserves +€151,001
up €151,001 (+11.0%), from €1.4m to €1.5m
of which Distributable reserves: +€156,751
- Current portion of long-term debt -€119,584
down €119,584 (-49.4%), from €242,203 to €122,620
- Other debts +€80,000
new in 2025: €80,000
- Debts after one year -€45,459
down €45,459 (-6.6%), from €687,196 to €641,737
of which Financial debts: -€45,459
Income statement
- Taxes +€51,571
up €51,571 (+41.0%), from €125,783 to €177,354
- Other operating charges +€50,851
up €50,851 (+202%), from €25,164 to €76,015
- Gross operating margin +€36,351
up €36,351 (+5.8%), from €623,368 to €659,719
- Financial income +€21,460
up €21,460 (+334%), from €6,434 to €27,894
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€272,088
Gross operating margin
+€36,351
Depreciation
-€219
Other operating charges
-€50,851
Financial income
+€21,460
Financial charges
+€3,744
Taxes
-€51,571
Result 2025
€231,001
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€198,757
Investment
-€119,071
Financing
-€245,043
Cash 2024
€165,357
From operations (derived)
+€198,757
Net result for the year
+€231,001
Depreciation
+€165,898
Receivables after one year
+€21,000
Receivables within one year
-€223,647
Deferred charges and accrued income
-€20,642
Provisions
-€2,960
Trade debts
-€15,920
Tax, wage and social debts
-€18,099
Other debts
+€80,000
Accrued charges and deferred income
-€17,875
Investment (derived)
-€119,071
Investment in fixed assets (net)
-€40,651
Current investments
-€78,420
Financing
-€245,043
Debts after one year
-€45,459
Current portion of long-term debt
-€119,584
Contributions, distributions and other
-€80,000
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,816,419 | €2,827,524 | +€11,105 | +0.4% |
| Fixed assets | 21/28 | €1,991,531 | €1,866,284 | -€125,247 | -6.3% |
| Tangible fixed assets | 22/27 | €1,988,672 | €1,863,426 | -€125,247 | -6.3% |
| Land and buildings | 22 | €1,315,310 | €1,224,500 | -€90,810 | -6.9% |
| Plant, machinery and equipment | 23 | €576,825 | €512,906 | -€63,919 | -11.1% |
| Furniture and vehicles | 24 | €95,538 | €126,019 | +€30,482 | +31.9% |
| Assets under construction and advance payments | 27 | €1,000 | €0 | -€1,000 | -100% |
| Financial fixed assets | 28 | €2,859 | €2,859 | = | 0.0% |
| Current assets | 29/58 | €824,888 | €961,240 | +€136,352 | +16.5% |
| Amounts receivable after more than one year | 29 | €395,000 | €374,000 | -€21,000 | -5.3% |
| Trade receivables | 290 | - | €374,000 | +€374,000 | |
| Other amounts receivable | 291 | €395,000 | - | -€395,000 | |
| Amounts receivable within one year | 40/41 | €255,317 | €478,964 | +€223,647 | +87.6% |
| Trade receivables | 40 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 41 | €245,317 | €468,964 | +€223,647 | +91.2% |
| Current investments | 50/53 | - | €78,420 | +€78,420 | |
| Cash at bank and in hand | 54/58 | €165,357 | - | -€165,357 | |
| Deferred charges and accrued income | 490/1 | €9,215 | €29,856 | +€20,642 | +224% |
| Total equity and liabilities | 10/49 | €2,816,419 | €2,827,524 | +€11,105 | +0.4% |
| Equity | 10/15 | €1,806,516 | €1,957,517 | +€151,001 | +8.4% |
| Contributions | 10/11 | €438,200 | €438,200 | = | 0.0% |
| Reserves | 13 | €1,366,657 | €1,517,659 | +€151,001 | +11.0% |
| Tax-exempt reserves | 132 | €114,237 | €108,488 | -€5,749 | -5.0% |
| Distributable reserves | 133 | €1,252,420 | €1,409,171 | +€156,751 | +12.5% |
| Profit (loss) carried forward | 14 | €1,659 | €1,659 | = | 0.0% |
| Provisions and deferred taxes | 16 | €20,154 | €17,193 | -€2,960 | -14.7% |
| Deferred taxes | 168 | €20,154 | €17,193 | -€2,960 | -14.7% |
| Amounts payable | 17/49 | €989,750 | €852,813 | -€136,936 | -13.8% |
| Amounts payable after more than one year | 17 | €687,196 | €641,737 | -€45,459 | -6.6% |
| Financial debts | 170/4 | €670,021 | €624,562 | -€45,459 | -6.8% |
| Other amounts payable | 178/9 | €17,175 | €17,175 | = | 0.0% |
| Amounts payable within one year | 42/48 | €278,964 | €205,362 | -€73,602 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €242,203 | €122,620 | -€119,584 | -49.4% |
| Trade debts | 44 | €15,920 | - | -€15,920 | |
| Suppliers | 440/4 | €15,920 | - | -€15,920 | |
| Taxes, remuneration and social security | 45 | €20,841 | €2,743 | -€18,099 | -86.8% |
| Taxes | 450/3 | €20,841 | €2,743 | -€18,099 | -86.8% |
| Other amounts payable | 47/48 | - | €80,000 | +€80,000 | |
| Accrued charges and deferred income | 492/3 | €23,589 | €5,714 | -€17,875 | -75.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,679 | €165,898 | +€219 | +0.1% |
| Other operating charges | 640/8 | €25,164 | €76,015 | +€50,851 | +202% |
| Gross operating margin | 9900 | €623,368 | €659,719 | +€36,351 | +5.8% |
| Operating profit (loss) | 9901 | €432,525 | €417,806 | -€14,719 | -3.4% |
| Financial income | 75/76B | €6,434 | €27,894 | +€21,460 | +334% |
| Recurring financial income | 75 | €6,434 | €27,894 | +€21,460 | +334% |
| Financial charges | 65/66B | €44,049 | €40,305 | -€3,744 | -8.5% |
| Recurring financial charges | 65 | €44,049 | €40,305 | -€3,744 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €394,910 | €405,395 | +€10,485 | +2.7% |
| Transfer from deferred taxes | 780 | €2,960 | €2,960 | = | 0.0% |
| Income taxes | 67/77 | €125,783 | €177,354 | +€51,571 | +41.0% |
| Profit (loss) for the period | 9904 | €272,088 | €231,001 | -€41,086 | -15.1% |
| Transfer from tax-exempt reserves | 789 | €5,749 | €5,749 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €277,837 | €236,751 | -€41,086 | -14.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.