SIM'S: what changed
SIM'S
Largest movements
- Receivables within one year +€65,205
up €65,205 (+193%), from €33,705 to €98,910
of which Other amounts receivable: +€64,350
- Tangible fixed assets -€33,356
down €33,356 (-5.2%), from €639,738 to €606,382
of which Furniture and vehicles: -€34,169
- Cash -€12,933
down €12,933 (-5.4%), from €238,603 to €225,670
mainly Investment in fixed assets (net) (-€83,332) and Receivables within one year (-€65,205)
- Reserves +€101,086
up €101,086 (+24.9%), from €405,847 to €506,933
- Debts after one year -€64,363
down €64,363 (-39.4%), from €163,507 to €99,144
- Trade debts -€44,438
down €44,438 (-79.6%), from €55,828 to €11,390
- Current portion of long-term debt +€29,475
up €29,475 (+39.0%), from €75,490 to €104,965
- Gross operating margin -€55,348
down €55,348 (-5.5%), from €999,586 to €944,238
- Taxes -€34,851
down €34,851 (-42.8%), from €81,506 to €46,655
- Financial charges +€21,623
up €21,623 (+310%), from €6,965 to €28,588
- Staff costs +€17,999
up €17,999 (+2.9%), from €631,532 to €649,531
- Depreciation +€13,478
up €13,478 (+13.1%), from €103,210 to €116,689
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 | €948,071 | €974,973 | +€26,902 | +2.8% |
| Fixed assets | 21/28 | €641,348 | €607,991 | -€33,356 | -5.2% |
| Tangible fixed assets | 22/27 | €639,738 | €606,382 | -€33,356 | -5.2% |
| Land and buildings | 22 | €100,000 | €100,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €468,006 | €468,819 | +€813 | +0.2% |
| Furniture and vehicles | 24 | €71,733 | €37,563 | -€34,169 | -47.6% |
| Financial fixed assets | 28 | €1,609 | €1,609 | = | 0.0% |
| Current assets | 29/58 | €306,724 | €366,982 | +€60,258 | +19.6% |
| Stocks and contracts in progress | 3 | €32,733 | €33,774 | +€1,041 | +3.2% |
| Stocks | 30/36 | €32,733 | €33,774 | +€1,041 | +3.2% |
| Amounts receivable within one year | 40/41 | €33,705 | €98,910 | +€65,205 | +193% |
| Trade receivables | 40 | €9,255 | €10,111 | +€856 | +9.2% |
| Other amounts receivable | 41 | €24,450 | €88,800 | +€64,350 | +263% |
| Cash at bank and in hand | 54/58 | €238,603 | €225,670 | -€12,933 | -5.4% |
| Deferred charges and accrued income | 490/1 | €1,684 | €8,628 | +€6,945 | +413% |
| Total equity and liabilities | 10/49 | €948,071 | €974,973 | +€26,902 | +2.8% |
| Equity | 10/15 | €602,946 | €704,033 | +€101,086 | +16.8% |
| Contributions | 10/11 | €48,600 | €48,600 | = | 0.0% |
| Capital | 10 | €48,600 | €48,600 | = | 0.0% |
| Issued capital | 100 | €48,600 | €48,600 | = | 0.0% |
| Reserves | 13 | €405,847 | €506,933 | +€101,086 | +24.9% |
| Distributable reserves | 133 | €405,847 | €506,933 | +€101,086 | +24.9% |
| Profit (loss) carried forward | 14 | €148,499 | €148,499 | = | 0.0% |
| Amounts payable | 17/49 | €345,125 | €270,940 | -€74,185 | -21.5% |
| Amounts payable after more than one year | 17 | €163,507 | €99,144 | -€64,363 | -39.4% |
| Financial debts | 170/4 | €163,507 | €99,144 | -€64,363 | -39.4% |
| Amounts payable within one year | 42/48 | €181,619 | €171,680 | -€9,938 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €75,490 | €104,965 | +€29,475 | +39.0% |
| Trade debts | 44 | €55,828 | €11,390 | -€44,438 | -79.6% |
| Suppliers | 440/4 | €55,828 | €11,390 | -€44,438 | -79.6% |
| Taxes, remuneration and social security | 45 | €50,300 | €55,325 | +€5,025 | +10.0% |
| Taxes | 450/3 | €22,199 | €12,739 | -€9,459 | -42.6% |
| Remuneration and social security | 454/9 | €28,102 | €42,586 | +€14,484 | +51.5% |
| Accrued charges and deferred income | 492/3 | - | €116 | +€116 | |
| Remuneration, social security and pensions | 62 | €631,532 | €649,531 | +€17,999 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,210 | €116,689 | +€13,478 | +13.1% |
| Other operating charges | 640/8 | €1,402 | €1,688 | +€286 | +20.4% |
| Gross operating margin | 9900 | €999,586 | €944,238 | -€55,348 | -5.5% |
| Operating profit (loss) | 9901 | €263,442 | €176,330 | -€87,111 | -33.1% |
| Financial income | 75/76B | €92 | €0 | -€92 | -99.9% |
| Recurring financial income | 75 | €92 | €0 | -€92 | -99.9% |
| Financial charges | 65/66B | €6,965 | €28,588 | +€21,623 | +310% |
| Recurring financial charges | 65 | €6,965 | €28,588 | +€21,623 | +310% |
| Profit (loss) for the period before taxes | 9903 | €256,568 | €147,742 | -€108,826 | -42.4% |
| Income taxes | 67/77 | €81,506 | €46,655 | -€34,851 | -42.8% |
| Profit (loss) for the period | 9904 | €175,062 | €101,086 | -€73,975 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €175,062 | €101,086 | -€73,975 | -42.3% |
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 1 November 2026 via checked.be.