SIMASA: 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.
SIMASA
Largest movements
- Tangible fixed assets -€4,746
down €4,746 (-18.8%), from €25,311 to €20,565
of which Other tangible fixed assets: -€3,200
- Receivables within one year -€2,229
down €2,229 (-54.0%), from €4,126 to €1,898
of which Trade receivables: -€2,877
- Cash -€1,684
down €1,684 (-6.5%), from €25,984 to €24,300
mainly Trade debts (-€22,529) and Other debts (-€9,545)
- Stocks and contracts -€1,474
down €1,474 (-6.6%), from €22,469 to €20,995
- Deferred charges and accrued income +€1,147
up €1,147 (+195%), from €588 to €1,735
- Trade debts -€22,529
down €22,529 (-40.3%), from €55,926 to €33,397
- Tax, wage and social debts +€19,166
up €19,166 (+77.5%), from €24,716 to €43,882
of which Remuneration and social security: +€16,680
- Other debts -€9,545
down €9,545 (-100%), from €9,545 to €0
- Profit (loss) carried forward +€5,624
up €5,624 (+12.9%), from -€43,453 to -€37,829
- Accrued charges and deferred income -€1,700
down €1,700 (-100%), from €1,700 to €0
- Gross operating margin +€34,830
up €34,830 (+29.7%), from €117,310 to €152,139
- Staff costs +€15,427
up €15,427 (+12.6%), from €122,793 to €138,219
- Depreciation -€3,663
down €3,663 (-43.6%), from €8,409 to €4,746
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 | €78,835 | €69,850 | -€8,985 | -11.4% |
| Fixed assets | 21/28 | €25,667 | €20,921 | -€4,746 | -18.5% |
| Tangible fixed assets | 22/27 | €25,311 | €20,565 | -€4,746 | -18.8% |
| Plant, machinery and equipment | 23 | €1,824 | €278 | -€1,546 | -84.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €23,487 | €20,287 | -€3,200 | -13.6% |
| Financial fixed assets | 28 | €356 | €356 | = | 0.0% |
| Current assets | 29/58 | €53,168 | €48,928 | -€4,239 | -8.0% |
| Stocks and contracts in progress | 3 | €22,469 | €20,995 | -€1,474 | -6.6% |
| Stocks | 30/36 | €22,469 | €20,995 | -€1,474 | -6.6% |
| Amounts receivable within one year | 40/41 | €4,126 | €1,898 | -€2,229 | -54.0% |
| Trade receivables | 40 | €4,126 | €1,249 | -€2,877 | -69.7% |
| Other amounts receivable | 41 | - | €649 | +€649 | |
| Cash at bank and in hand | 54/58 | €25,984 | €24,300 | -€1,684 | -6.5% |
| Deferred charges and accrued income | 490/1 | €588 | €1,735 | +€1,147 | +195% |
| Total equity and liabilities | 10/49 | €78,835 | €69,850 | -€8,985 | -11.4% |
| Equity | 10/15 | -€13,053 | -€7,429 | +€5,624 | +43.1% |
| Contributions | 10/11 | €30,400 | €30,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,453 | -€37,829 | +€5,624 | +12.9% |
| Amounts payable | 17/49 | €91,888 | €77,278 | -€14,609 | -15.9% |
| Amounts payable within one year | 42/48 | €90,188 | €77,278 | -€12,909 | -14.3% |
| Financial debts | 43 | €1 | €0 | -€1 | -100% |
| Credit institutions | 430/8 | €1 | €0 | -€1 | -100% |
| Trade debts | 44 | €55,926 | €33,397 | -€22,529 | -40.3% |
| Suppliers | 440/4 | €55,926 | €33,397 | -€22,529 | -40.3% |
| Taxes, remuneration and social security | 45 | €24,716 | €43,882 | +€19,166 | +77.5% |
| Taxes | 450/3 | €789 | €3,275 | +€2,486 | +315% |
| Remuneration and social security | 454/9 | €23,927 | €40,607 | +€16,680 | +69.7% |
| Other amounts payable | 47/48 | €9,545 | €0 | -€9,545 | -100% |
| Accrued charges and deferred income | 492/3 | €1,700 | €0 | -€1,700 | -100% |
| Remuneration, social security and pensions | 62 | €122,793 | €138,219 | +€15,427 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,409 | €4,746 | -€3,663 | -43.6% |
| Other operating charges | 640/8 | €818 | €1,247 | +€429 | +52.5% |
| Gross operating margin | 9900 | €117,310 | €152,139 | +€34,830 | +29.7% |
| Operating profit (loss) | 9901 | -€14,709 | €7,927 | +€22,637 | |
| Financial income | 75/76B | €2 | €354 | +€352 | +19,032% |
| Recurring financial income | 75 | €2 | €354 | +€352 | +19,032% |
| Financial charges | 65/66B | €2,655 | €2,367 | -€288 | -10.8% |
| Recurring financial charges | 65 | €2,655 | €2,367 | -€288 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,362 | €5,914 | +€23,276 | |
| Income taxes | 67/77 | - | €290 | +€290 | |
| Profit (loss) for the period | 9904 | -€17,362 | €5,624 | +€22,986 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,362 | €5,624 | +€22,986 |
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 26 October 2026 via checked.be.