S.S.H.: 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.H.
Largest movements
- Financial fixed assets +€802,771
up €802,771 (+8.1%), from €9.9m to €10.7m
- Receivables after one year +€357,500
up €357,500 (+8.0%), from €4.5m to €4.8m
- Cash -€311,050
down €311,050 (-10.9%), from €2.9m to €2.6m
mainly Investment in fixed assets (net) (-€824,766) and Receivables after one year (-€357,500)
- Profit (loss) carried forward +€686,839
up €686,839 (+5.2%), from €13.3m to €14.0m
- Other debts +€296,337
up €296,337 (+12.8%), from €2.3m to €2.6m
- Financial income -€77,939
down €77,939 (-10.8%), from €724,026 to €646,086
- Financial charges -€52,327
down €52,327 (-76.5%), from €68,382 to €16,056
- Gross operating margin -€11,570
down €11,570 (-6.0%), from €193,732 to €182,162
- Other operating charges -€7,839
down €7,839 (-28.6%), from €27,396 to €19,557
- Taxes -€7,046
no longer reported in 2025 (was €7,046)
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 | €22,213,961 | €22,979,049 | +€765,088 | +3.4% |
| Fixed assets | 21/28 | €12,694,815 | €13,413,783 | +€718,968 | +5.7% |
| Tangible fixed assets | 22/27 | €2,779,250 | €2,695,447 | -€83,803 | -3.0% |
| Land and buildings | 22 | €2,485,615 | €2,403,421 | -€82,194 | -3.3% |
| Plant, machinery and equipment | 23 | €293,635 | €292,026 | -€1,609 | -0.5% |
| Financial fixed assets | 28 | €9,915,565 | €10,718,336 | +€802,771 | +8.1% |
| Current assets | 29/58 | €9,519,147 | €9,565,267 | +€46,120 | +0.5% |
| Amounts receivable after more than one year | 29 | €4,468,000 | €4,825,500 | +€357,500 | +8.0% |
| Trade receivables | 290 | €4,468,000 | €4,825,500 | +€357,500 | +8.0% |
| Amounts receivable within one year | 40/41 | €13,550 | €13,219 | -€330 | -2.4% |
| Other amounts receivable | 41 | €13,550 | €13,219 | -€330 | -2.4% |
| Current investments | 50/53 | €2,172,879 | €2,172,879 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,864,718 | €2,553,668 | -€311,050 | -10.9% |
| Total equity and liabilities | 10/49 | €22,213,961 | €22,979,049 | +€765,088 | +3.4% |
| Equity | 10/15 | €17,264,280 | €17,951,119 | +€686,839 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €3,964,805 | €3,964,805 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €13,279,015 | €13,965,854 | +€686,839 | +5.2% |
| Amounts payable | 17/49 | €4,949,681 | €5,027,930 | +€78,249 | +1.6% |
| Amounts payable after more than one year | 17 | €2,068,605 | €1,901,565 | -€167,040 | -8.1% |
| Financial debts | 170/4 | €1,072,340 | €905,300 | -€167,040 | -15.6% |
| Other amounts payable | 178/9 | €996,265 | €996,265 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,881,076 | €3,126,365 | +€245,289 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €58,549 | €466 | -€58,083 | -99.2% |
| Financial debts | 43 | €470,000 | €470,000 | = | 0.0% |
| Credit institutions | 430/8 | €470,000 | €470,000 | = | 0.0% |
| Trade debts | 44 | €44,552 | €51,587 | +€7,035 | +15.8% |
| Suppliers | 440/4 | €44,552 | €51,587 | +€7,035 | +15.8% |
| Other amounts payable | 47/48 | €2,307,975 | €2,604,312 | +€296,337 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,288 | €105,798 | +€2,510 | +2.4% |
| Other operating charges | 640/8 | €27,396 | €19,557 | -€7,839 | -28.6% |
| Gross operating margin | 9900 | €193,732 | €182,162 | -€11,570 | -6.0% |
| Operating profit (loss) | 9901 | €63,049 | €56,808 | -€6,240 | -9.9% |
| Financial income | 75/76B | €724,026 | €646,086 | -€77,939 | -10.8% |
| Recurring financial income | 75 | €724,026 | €646,086 | -€77,939 | -10.8% |
| Financial charges | 65/66B | €68,382 | €16,056 | -€52,327 | -76.5% |
| Recurring financial charges | 65 | €68,382 | €16,056 | -€52,327 | -76.5% |
| Profit (loss) for the period before taxes | 9903 | €718,692 | €686,839 | -€31,853 | -4.4% |
| Income taxes | 67/77 | €7,046 | - | -€7,046 | |
| Profit (loss) for the period | 9904 | €711,646 | €686,839 | -€24,808 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €711,646 | €686,839 | -€24,808 | -3.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.