A-SIMO: 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.
A-SIMO
Largest movements
- Stocks and contracts -€49,612
down €49,612 (-43.2%), from €114,893 to €65,281
- Cash +€36,095
up €36,095 (+43.6%), from €82,739 to €118,834
mainly Net result for the year (+€60,600) and Stocks and contracts (+€49,612)
- Deferred charges and accrued income -€11,745
no longer reported in 2025 (was €11,745)
- Receivables within one year +€3,392
up €3,392 (+318%), from €1,066 to €4,457
of which Other amounts receivable: +€3,517
- Trade debts -€33,916
down €33,916 (-60.4%), from €56,107 to €22,191
- Other debts +€18,050
up €18,050 (+138%), from €13,093 to €31,142
- Tax, wage and social debts -€7,016
down €7,016 (-39.2%), from €17,912 to €10,896
of which Remuneration and social security: -€13,075
- Reserves +€3,657
up €3,657 (+3.6%), from €102,086 to €105,743
- Accrued charges and deferred income -€3,317
no longer reported in 2025 (was €3,317)
- Gross operating margin +€104,517
up €104,517, from -€11,819 to €92,698
- Staff costs -€39,475
down €39,475 (-63.7%), from €61,936 to €22,461
- Taxes +€5,901
up €5,901 (+3,718%), from €159 to €6,060
- Financial charges -€5,386
down €5,386 (-66.1%), from €8,146 to €2,760
- Other operating charges -€1,110
down €1,110 (-88.4%), from €1,255 to €146
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 | €211,115 | €188,572 | -€22,543 | -10.7% |
| Fixed assets | 21/28 | €672 | €0 | -€672 | -100% |
| Tangible fixed assets | 22/27 | €672 | €0 | -€672 | -100% |
| Plant, machinery and equipment | 23 | €672 | €0 | -€672 | -100% |
| Current assets | 29/58 | €210,443 | €188,572 | -€21,872 | -10.4% |
| Stocks and contracts in progress | 3 | €114,893 | €65,281 | -€49,612 | -43.2% |
| Stocks | 30/36 | €114,893 | €65,281 | -€49,612 | -43.2% |
| Amounts receivable within one year | 40/41 | €1,066 | €4,457 | +€3,392 | +318% |
| Trade receivables | 40 | €126 | - | -€126 | |
| Other amounts receivable | 41 | €940 | €4,457 | +€3,517 | +374% |
| Cash at bank and in hand | 54/58 | €82,739 | €118,834 | +€36,095 | +43.6% |
| Deferred charges and accrued income | 490/1 | €11,745 | - | -€11,745 | |
| Total equity and liabilities | 10/49 | €211,115 | €188,572 | -€22,543 | -10.7% |
| Equity | 10/15 | €120,686 | €124,343 | +€3,657 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €102,086 | €105,743 | +€3,657 | +3.6% |
| Distributable reserves | 133 | €102,086 | €105,743 | +€3,657 | +3.6% |
| Amounts payable | 17/49 | €90,429 | €64,229 | -€26,200 | -29.0% |
| Amounts payable within one year | 42/48 | €87,112 | €64,229 | -€22,883 | -26.3% |
| Trade debts | 44 | €56,107 | €22,191 | -€33,916 | -60.4% |
| Suppliers | 440/4 | €56,107 | €22,191 | -€33,916 | -60.4% |
| Taxes, remuneration and social security | 45 | €17,912 | €10,896 | -€7,016 | -39.2% |
| Taxes | 450/3 | €4,837 | €10,896 | +€6,058 | +125% |
| Remuneration and social security | 454/9 | €13,075 | - | -€13,075 | |
| Other amounts payable | 47/48 | €13,093 | €31,142 | +€18,050 | +138% |
| Accrued charges and deferred income | 492/3 | €3,317 | - | -€3,317 | |
| Remuneration, social security and pensions | 62 | €61,936 | €22,461 | -€39,475 | -63.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €608 | €672 | +€64 | +10.5% |
| Other operating charges | 640/8 | €1,255 | €146 | -€1,110 | -88.4% |
| Gross operating margin | 9900 | -€11,819 | €92,698 | +€104,517 | |
| Operating profit (loss) | 9901 | -€75,618 | €69,420 | +€145,038 | |
| Financial charges | 65/66B | €8,146 | €2,760 | -€5,386 | -66.1% |
| Recurring financial charges | 65 | €8,146 | €2,760 | -€5,386 | -66.1% |
| Profit (loss) for the period before taxes | 9903 | -€83,764 | €66,660 | +€150,423 | |
| Income taxes | 67/77 | €159 | €6,060 | +€5,901 | +3,718% |
| Profit (loss) for the period | 9904 | -€83,922 | €60,600 | +€144,522 | |
| Profit (loss) for the period to be appropriated | 9905 | -€83,922 | €60,600 | +€144,522 |
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 27 October 2026 via checked.be.