S.S.D.: 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.
S.S.D.
Largest movements
- Receivables within one year +€109,908
up €109,908 (+41.5%), from €264,757 to €374,665
of which Other amounts receivable: +€111,723
- Receivables after one year -€16,312
down €16,312 (-8.0%), from €203,633 to €187,321
- Reserves +€70,299
up €70,299 (+18.0%), from €389,507 to €459,806
of which Distributable reserves: +€70,299
- Tax, wage and social debts +€18,541
up €18,541 (+40.8%), from €45,476 to €64,017
- Financial income +€5,315
up €5,315 (+41.5%), from €12,818 to €18,133
- Other operating charges +€878
up €878 (+61.1%), from €1,438 to €2,316
- Taxes +€824
up €824 (+4.2%), from €19,412 to €20,236
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 | €470,592 | €562,815 | +€92,223 | +19.6% |
| Fixed assets | 21/28 | €1,196 | €0 | -€1,196 | -100% |
| Tangible fixed assets | 22/27 | €1,196 | €0 | -€1,196 | -100% |
| Furniture and vehicles | 24 | €1,196 | €0 | -€1,196 | -100% |
| Current assets | 29/58 | €469,396 | €562,815 | +€93,419 | +19.9% |
| Amounts receivable after more than one year | 29 | €203,633 | €187,321 | -€16,312 | -8.0% |
| Other amounts receivable | 291 | €203,633 | €187,321 | -€16,312 | -8.0% |
| Amounts receivable within one year | 40/41 | €264,757 | €374,665 | +€109,908 | +41.5% |
| Trade receivables | 40 | €18,554 | €16,739 | -€1,815 | -9.8% |
| Other amounts receivable | 41 | €246,203 | €357,926 | +€111,723 | +45.4% |
| Cash at bank and in hand | 54/58 | €782 | €734 | -€48 | -6.1% |
| Deferred charges and accrued income | 490/1 | €224 | €95 | -€130 | -57.7% |
| Total equity and liabilities | 10/49 | €470,592 | €562,815 | +€92,223 | +19.6% |
| Equity | 10/15 | €408,099 | €478,398 | +€70,299 | +17.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €389,507 | €459,806 | +€70,299 | +18.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €389,507 | €459,806 | +€70,299 | +18.0% |
| Amounts payable | 17/49 | €62,494 | €84,417 | +€21,924 | +35.1% |
| Amounts payable within one year | 42/48 | €62,494 | €84,129 | +€21,635 | +34.6% |
| Financial debts | 43 | €14,377 | €16,575 | +€2,198 | +15.3% |
| Credit institutions | 430/8 | €14,377 | €16,575 | +€2,198 | +15.3% |
| Trade debts | 44 | €2,641 | €3,537 | +€896 | +33.9% |
| Suppliers | 440/4 | €2,641 | €3,537 | +€896 | +33.9% |
| Taxes, remuneration and social security | 45 | €45,476 | €64,017 | +€18,541 | +40.8% |
| Taxes | 450/3 | €45,476 | €64,017 | +€18,541 | +40.8% |
| Accrued charges and deferred income | 492/3 | €0 | €289 | +€289 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,746 | €1,196 | -€550 | -31.5% |
| Other operating charges | 640/8 | €1,438 | €2,316 | +€878 | +61.1% |
| Gross operating margin | 9900 | €78,108 | €78,473 | +€365 | +0.5% |
| Operating profit (loss) | 9901 | €74,924 | €74,960 | +€37 | 0.0% |
| Financial income | 75/76B | €12,818 | €18,133 | +€5,315 | +41.5% |
| Recurring financial income | 75 | €12,818 | €18,133 | +€5,315 | +41.5% |
| Financial charges | 65/66B | €2,077 | €2,558 | +€481 | +23.2% |
| Recurring financial charges | 65 | €2,077 | €2,558 | +€481 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €85,665 | €90,535 | +€4,870 | +5.7% |
| Income taxes | 67/77 | €19,412 | €20,236 | +€824 | +4.2% |
| Profit (loss) for the period | 9904 | €66,253 | €70,299 | +€4,046 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €66,253 | €70,299 | +€4,046 | +6.1% |
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 20 October 2026 via checked.be.