SIMA: 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.
SIMA
Largest movements
- Cash +€13,848
up €13,848 (+226%), from €6,137 to €19,985
mainly Depreciation (+€19,784) and Net result for the year (+€13,989)
- Tangible fixed assets -€9,697
down €9,697 (-47.7%), from €20,330 to €10,633
- Intangible fixed assets -€6,425
down €6,425 (-100%), from €6,425 to €0
- Deferred charges and accrued income -€5,388
down €5,388 (-20.1%), from €26,764 to €21,376
- Formation expenses -€1,989
down €1,989 (-13.7%), from €14,485 to €12,496
- Other debts -€15,766
down €15,766 (-45.3%), from €34,834 to €19,068
- Profit (loss) carried forward +€13,989
up €13,989 (+29.2%), from -€47,956 to -€33,967
- Trade debts -€9,284
down €9,284 (-34.2%), from €27,124 to €17,840
- Tax, wage and social debts +€1,926
up €1,926 (+17.9%), from €10,729 to €12,654
of which Remuneration and social security: +€2,407
- Accrued charges and deferred income -€1,735
down €1,735 (-100%), from €1,735 to €0
- Staff costs -€37,896
down €37,896 (-43.6%), from €86,966 to €49,070
- Gross operating margin -€31,535
down €31,535 (-26.5%), from €118,980 to €87,445
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 | €91,467 | €80,596 | -€10,871 | -11.9% |
| Formation expenses | 20 | €14,485 | €12,496 | -€1,989 | -13.7% |
| Fixed assets | 21/28 | €27,217 | €11,171 | -€16,045 | -59.0% |
| Intangible fixed assets | 21 | €6,425 | €0 | -€6,425 | -100% |
| Tangible fixed assets | 22/27 | €20,330 | €10,633 | -€9,697 | -47.7% |
| Plant, machinery and equipment | 23 | €6,577 | €3,422 | -€3,154 | -48.0% |
| Furniture and vehicles | 24 | €4,972 | €1,333 | -€3,639 | -73.2% |
| Other tangible fixed assets | 26 | €8,781 | €5,877 | -€2,904 | -33.1% |
| Financial fixed assets | 28 | €462 | €539 | +€76 | +16.5% |
| Current assets | 29/58 | €49,765 | €56,928 | +€7,164 | +14.4% |
| Stocks and contracts in progress | 3 | €7,733 | €7,275 | -€458 | -5.9% |
| Stocks | 30/36 | €7,733 | €7,275 | -€458 | -5.9% |
| Amounts receivable within one year | 40/41 | €9,130 | €8,292 | -€839 | -9.2% |
| Trade receivables | 40 | €9,130 | €8,289 | -€842 | -9.2% |
| Other amounts receivable | 41 | - | €3 | +€3 | |
| Cash at bank and in hand | 54/58 | €6,137 | €19,985 | +€13,848 | +226% |
| Deferred charges and accrued income | 490/1 | €26,764 | €21,376 | -€5,388 | -20.1% |
| Total equity and liabilities | 10/49 | €91,467 | €80,596 | -€10,871 | -11.9% |
| Equity | 10/15 | -€22,956 | -€8,967 | +€13,989 | +60.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,956 | -€33,967 | +€13,989 | +29.2% |
| Amounts payable | 17/49 | €114,422 | €89,563 | -€24,860 | -21.7% |
| Amounts payable after more than one year | 17 | €40,000 | €40,000 | = | 0.0% |
| Financial debts | 170/4 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €72,687 | €49,563 | -€23,124 | -31.8% |
| Trade debts | 44 | €27,124 | €17,840 | -€9,284 | -34.2% |
| Suppliers | 440/4 | €27,124 | €17,840 | -€9,284 | -34.2% |
| Taxes, remuneration and social security | 45 | €10,729 | €12,654 | +€1,926 | +17.9% |
| Taxes | 450/3 | €4,762 | €4,281 | -€481 | -10.1% |
| Remuneration and social security | 454/9 | €5,966 | €8,373 | +€2,407 | +40.3% |
| Other amounts payable | 47/48 | €34,834 | €19,068 | -€15,766 | -45.3% |
| Accrued charges and deferred income | 492/3 | €1,735 | €0 | -€1,735 | -100% |
| Remuneration, social security and pensions | 62 | €86,966 | €49,070 | -€37,896 | -43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,172 | €19,784 | +€612 | +3.2% |
| Other operating charges | 640/8 | €1,877 | €2,539 | +€662 | +35.3% |
| Non-recurring operating charges | 66A | €6,348 | €437 | -€5,911 | -93.1% |
| Gross operating margin | 9900 | €118,980 | €87,445 | -€31,535 | -26.5% |
| Operating profit (loss) | 9901 | €4,617 | €15,615 | +€10,998 | +238% |
| Financial income | 75/76B | €528 | €351 | -€177 | -33.5% |
| Recurring financial income | 75 | €528 | €351 | -€177 | -33.5% |
| Financial charges | 65/66B | €2,034 | €1,790 | -€244 | -12.0% |
| Recurring financial charges | 65 | €2,034 | €1,790 | -€244 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €3,110 | €14,176 | +€11,065 | +356% |
| Income taxes | 67/77 | - | €187 | +€187 | |
| Profit (loss) for the period | 9904 | €3,110 | €13,989 | +€10,878 | +350% |
| Profit (loss) for the period to be appropriated | 9905 | €3,110 | €13,989 | +€10,878 | +350% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.