SIMAV: what changed
SIMAV
Largest movements
- Cash +€5,494
up €5,494 (+146%), from €3,752 to €9,246
mainly Other debts (+€6,898) and Net result for the year (+€6,092)
- Tangible fixed assets -€815
down €815 (-9.3%), from €8,791 to €7,976
- Receivables within one year +€613
new in 2025: €613
- Other debts +€6,898
up €6,898 (+44.2%), from €15,607 to €22,505
- Tax, wage and social debts -€6,473
down €6,473 (-16.7%), from €38,693 to €32,220
of which Remuneration and social security: -€5,286
- Profit (loss) carried forward +€6,092
up €6,092 (+9.8%), from -€62,321 to -€56,229
- Trade debts -€1,650
down €1,650 (-90.5%), from €1,824 to €174
- Accrued charges and deferred income +€424
new in 2025: €424
- Staff costs -€7,303
down €7,303 (-43.3%), from €16,851 to €9,547
- Gross operating margin +€3,656
up €3,656 (+21.3%), from €17,158 to €20,814
- Other operating charges +€2,111
up €2,111 (+107%), from €1,976 to €4,087
- Depreciation -€900
down €900 (-52.5%), from €1,715 to €815
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,543 | €17,834 | +€5,292 | +42.2% |
| Fixed assets | 21/28 | €8,791 | €7,976 | -€815 | -9.3% |
| Tangible fixed assets | 22/27 | €8,791 | €7,976 | -€815 | -9.3% |
| Other tangible fixed assets | 26 | €8,791 | €7,976 | -€815 | -9.3% |
| Current assets | 29/58 | €3,752 | €9,859 | +€6,107 | +163% |
| Amounts receivable within one year | 40/41 | - | €613 | +€613 | |
| Other amounts receivable | 41 | - | €613 | +€613 | |
| Cash at bank and in hand | 54/58 | €3,752 | €9,246 | +€5,494 | +146% |
| Total equity and liabilities | 10/49 | €12,543 | €17,834 | +€5,292 | +42.2% |
| Equity | 10/15 | -€43,581 | -€37,489 | +€6,092 | +14.0% |
| Contributions | 10/11 | €18,740 | €18,740 | = | 0.0% |
| Capital | 10 | €18,740 | €18,740 | = | 0.0% |
| Issued capital | 100 | €19,000 | €19,000 | = | 0.0% |
| Uncalled capital | 101 | €260 | €260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,321 | -€56,229 | +€6,092 | +9.8% |
| Amounts payable | 17/49 | €56,124 | €55,323 | -€801 | -1.4% |
| Amounts payable within one year | 42/48 | €56,124 | €54,899 | -€1,225 | -2.2% |
| Trade debts | 44 | €1,824 | €174 | -€1,650 | -90.5% |
| Suppliers | 440/4 | €1,824 | €174 | -€1,650 | -90.5% |
| Taxes, remuneration and social security | 45 | €38,693 | €32,220 | -€6,473 | -16.7% |
| Taxes | 450/3 | €4,423 | €3,236 | -€1,187 | -26.8% |
| Remuneration and social security | 454/9 | €34,270 | €28,984 | -€5,286 | -15.4% |
| Other amounts payable | 47/48 | €15,607 | €22,505 | +€6,898 | +44.2% |
| Accrued charges and deferred income | 492/3 | - | €424 | +€424 | |
| Remuneration, social security and pensions | 62 | €16,851 | €9,547 | -€7,303 | -43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,715 | €815 | -€900 | -52.5% |
| Other operating charges | 640/8 | €1,976 | €4,087 | +€2,111 | +107% |
| Gross operating margin | 9900 | €17,158 | €20,814 | +€3,656 | +21.3% |
| Operating profit (loss) | 9901 | -€3,384 | €6,365 | +€9,748 | |
| Financial charges | 65/66B | €265 | €272 | +€7 | +2.7% |
| Recurring financial charges | 65 | €265 | €272 | +€7 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,649 | €6,092 | +€9,741 | |
| Profit (loss) for the period | 9904 | -€3,649 | €6,092 | +€9,741 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,649 | €6,092 | +€9,741 |
Next steps
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.