Group SSL Europe: what changed
What changed
Group SSL Europe
NACE 46.820, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€59,256
2024 · -€90,991+€150,247
Equity
€323,934
2024 · €264,678+€59,256
Cash
€658,388
2024 · €658,175+€213
Balance sheet total
€902,272
2024 · €919,550-€17,278
Largest movements
Assets
- Receivables within one year -€113,563
down €113,563 (-44.3%), from €256,291 to €142,728
of which Other amounts receivable: -€91,785
- Deferred charges and accrued income +€50,241
up €50,241 (+7,240%), from €694 to €50,935
- Tangible fixed assets +€24,839
up €24,839 (+8,395%), from €296 to €25,134
of which Furniture and vehicles: +€24,609
- Stocks and contracts +€21,115
up €21,115 (+532%), from €3,972 to €25,086
Equity and liabilities
- Trade debts -€96,413
down €96,413 (-15.5%), from €621,140 to €524,727
- Profit (loss) carried forward +€59,256
up €59,256 (+35.6%), from -€166,442 to -€107,186
- Short-term financial debts +€14,756
up €14,756 (+101%), from €14,583 to €29,339
Income statement
- Gross operating margin +€157,375
up €157,375, from -€91,654 to €65,721
- Financial charges +€12,942
up €12,942 (+68.7%), from €18,845 to €31,787
- Financial income +€8,735
up €8,735 (+35.2%), from €24,800 to €33,535
- Depreciation +€2,372
up €2,372 (+56.8%), from €4,180 to €6,553
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.
Result 2024
-€90,991
Gross operating margin
+€157,375
Depreciation
-€2,372
Other operating charges
-€550
Other operating items
+€1
Financial income
+€8,735
Financial charges
-€12,942
Result 2025
€59,256
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€16,726
Investment
-€31,269
Financing
+€14,756
Cash 2024
€658,175
From operations (derived)
+€16,726
Net result for the year
+€59,256
Depreciation
+€6,553
Stocks and contracts
-€21,115
Receivables within one year
+€113,563
Deferred charges and accrued income
-€50,241
Trade debts
-€96,413
Tax, wage and social debts
+€91
Other debts
-€1,967
Accrued charges and deferred income
+€7,000
Investment (derived)
-€31,269
Investment in fixed assets (net)
-€31,269
Financing
+€14,756
Short-term financial debts
+€14,756
Cash 2025
€658,388
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €919,550 | €902,272 | -€17,278 | -1.9% |
| Fixed assets | 21/28 | €419 | €25,134 | +€24,716 | +5,906% |
| Intangible fixed assets | 21 | €123 | - | -€123 | |
| Tangible fixed assets | 22/27 | €296 | €25,134 | +€24,839 | +8,395% |
| Plant, machinery and equipment | 23 | €296 | €525 | +€229 | +77.4% |
| Furniture and vehicles | 24 | - | €24,609 | +€24,609 | |
| Current assets | 29/58 | €919,132 | €877,137 | -€41,994 | -4.6% |
| Stocks and contracts in progress | 3 | €3,972 | €25,086 | +€21,115 | +532% |
| Stocks | 30/36 | €3,972 | €25,086 | +€21,115 | +532% |
| Amounts receivable within one year | 40/41 | €256,291 | €142,728 | -€113,563 | -44.3% |
| Trade receivables | 40 | €136,818 | €115,039 | -€21,778 | -15.9% |
| Other amounts receivable | 41 | €119,474 | €27,689 | -€91,785 | -76.8% |
| Cash at bank and in hand | 54/58 | €658,175 | €658,388 | +€213 | 0.0% |
| Deferred charges and accrued income | 490/1 | €694 | €50,935 | +€50,241 | +7,240% |
| Total equity and liabilities | 10/49 | €919,550 | €902,272 | -€17,278 | -1.9% |
| Equity | 10/15 | €264,678 | €323,934 | +€59,256 | +22.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €418,720 | €418,720 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €416,860 | €416,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€166,442 | -€107,186 | +€59,256 | +35.6% |
| Provisions and deferred taxes | 16 | €1 | €1 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1 | €1 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1 | €1 | = | 0.0% |
| Amounts payable | 17/49 | €654,871 | €578,336 | -€76,535 | -11.7% |
| Amounts payable within one year | 42/48 | €654,871 | €571,336 | -€83,535 | -12.8% |
| Financial debts | 43 | €14,583 | €29,339 | +€14,756 | +101% |
| Credit institutions | 430/8 | €14,583 | €29,339 | +€14,756 | +101% |
| Trade debts | 44 | €621,140 | €524,727 | -€96,413 | -15.5% |
| Suppliers | 440/4 | €621,140 | €524,727 | -€96,413 | -15.5% |
| Taxes, remuneration and social security | 45 | €821 | €912 | +€91 | +11.1% |
| Taxes | 450/3 | €821 | €912 | +€91 | +11.1% |
| Other amounts payable | 47/48 | €18,327 | €16,359 | -€1,967 | -10.7% |
| Accrued charges and deferred income | 492/3 | - | €7,000 | +€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,180 | €6,553 | +€2,372 | +56.8% |
| Other operating charges | 640/8 | €1,110 | €1,660 | +€550 | +49.5% |
| Non-recurring operating charges | 66A | €1 | - | -€1 | |
| Gross operating margin | 9900 | -€91,654 | €65,721 | +€157,375 | |
| Operating profit (loss) | 9901 | -€96,945 | €57,509 | +€154,454 | |
| Financial income | 75/76B | €24,800 | €33,535 | +€8,735 | +35.2% |
| Recurring financial income | 75 | €24,800 | €33,535 | +€8,735 | +35.2% |
| Financial charges | 65/66B | €18,845 | €31,787 | +€12,942 | +68.7% |
| Recurring financial charges | 65 | €18,845 | €31,787 | +€12,942 | +68.7% |
| Profit (loss) for the period before taxes | 9903 | -€90,991 | €59,256 | +€150,247 | |
| Profit (loss) for the period | 9904 | -€90,991 | €59,256 | +€150,247 | |
| Profit (loss) for the period to be appropriated | 9905 | -€90,991 | €59,256 | +€150,247 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.