SS EXPRESS SERVICES: 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.
SS EXPRESS SERVICES
Largest movements
- Cash +€18,675
up €18,675 (+823.5%), from €2,268 to €20,943
mainly Net result for the year (+€26,854) and Other debts (+€11,383)
- Receivables within one year +€12,191
up €12,191 (+109.5%), from €11,133 to €23,324
of which Trade receivables: +€7,840
- Tangible fixed assets -€6,017
down €6,017 (-20.2%), from €29,758 to €23,740
- Financial fixed assets +€6,000
new in 2025: €6,000
- Intangible fixed assets -€3,000
down €3,000 (-13.2%), from €22,808 to €19,808
- Other debts +€11,383
up €11,383 (+2202.8%), from €517 to €11,900
- Profit (loss) carried forward +€9,854
up €9,854 (+54.0%), from €18,233 to €28,087
- Tax, wage and social debts +€7,274
up €7,274 (+178.7%), from €4,070 to €11,344
- Debts after one year -€5,730
down €5,730 (-23.4%), from €24,518 to €18,788
- Trade debts +€2,967
new in 2025: €2,967
- Gross operating margin +€32,998
up €32,998 (+174.4%), from €18,918 to €51,916
- Other operating charges +€7,809
up €7,809 (+26030.3%), from €30 to €7,839
- Depreciation +€5,688
up €5,688 (+170.9%), from €3,329 to €9,017
- Taxes +€4,248
up €4,248 (+169.7%), from €2,502 to €6,750
- Financial charges +€1,042
up €1,042 (+135.8%), from €768 to €1,810
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.
Cash bridge derived
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 | €67,820 | €93,815 | +€25,995 | +38.3% |
| Fixed assets | 21/28 | €52,566 | €49,549 | -€3,017 | -5.7% |
| Intangible fixed assets | 21 | €22,808 | €19,808 | -€3,000 | -13.2% |
| Tangible fixed assets | 22/27 | €29,758 | €23,740 | -€6,017 | -20.2% |
| Furniture and vehicles | 24 | €29,758 | €23,740 | -€6,017 | -20.2% |
| Financial fixed assets | 28 | - | €6,000 | +€6,000 | |
| Current assets | 29/58 | €15,254 | €44,266 | +€29,012 | +190.2% |
| Amounts receivable within one year | 40/41 | €11,133 | €23,324 | +€12,191 | +109.5% |
| Trade receivables | 40 | €296 | €8,136 | +€7,840 | +2646.6% |
| Other amounts receivable | 41 | €10,836 | €15,188 | +€4,352 | +40.2% |
| Cash at bank and in hand | 54/58 | €2,268 | €20,943 | +€18,675 | +823.5% |
| Deferred charges and accrued income | 490/1 | €1,854 | - | -€1,854 | |
| Total equity and liabilities | 10/49 | €67,820 | €93,815 | +€25,995 | +38.3% |
| Equity | 10/15 | €33,233 | €43,087 | +€9,854 | +29.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,233 | €28,087 | +€9,854 | +54.0% |
| Amounts payable | 17/49 | €34,587 | €50,728 | +€16,141 | +46.7% |
| Amounts payable after more than one year | 17 | €24,518 | €18,788 | -€5,730 | -23.4% |
| Financial debts | 170/4 | €24,518 | €18,788 | -€5,730 | -23.4% |
| Amounts payable within one year | 42/48 | €10,069 | €31,940 | +€21,871 | +217.2% |
| Current portion of amounts payable after more than one year | 42 | €5,482 | €5,730 | +€247 | +4.5% |
| Trade debts | 44 | - | €2,967 | +€2,967 | |
| Suppliers | 440/4 | - | €2,967 | +€2,967 | |
| Taxes, remuneration and social security | 45 | €4,070 | €11,344 | +€7,274 | +178.7% |
| Taxes | 450/3 | €4,070 | €11,344 | +€7,274 | +178.7% |
| Other amounts payable | 47/48 | €517 | €11,900 | +€11,383 | +2202.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,329 | €9,017 | +€5,688 | +170.9% |
| Other operating charges | 640/8 | €30 | €7,839 | +€7,809 | +26030.3% |
| Gross operating margin | 9900 | €18,918 | €51,916 | +€32,998 | +174.4% |
| Operating profit (loss) | 9901 | €15,559 | €35,060 | +€19,501 | +125.3% |
| Financial income | 75/76B | €128 | €354 | +€226 | +177.5% |
| Recurring financial income | 75 | €128 | €354 | +€226 | +177.5% |
| Financial charges | 65/66B | €768 | €1,810 | +€1,042 | +135.8% |
| Recurring financial charges | 65 | €768 | €1,810 | +€1,042 | +135.8% |
| Profit (loss) for the period before taxes | 9903 | €14,919 | €33,604 | +€18,685 | +125.2% |
| Income taxes | 67/77 | €2,502 | €6,750 | +€4,248 | +169.7% |
| Profit (loss) for the period | 9904 | €12,417 | €26,854 | +€14,437 | +116.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,417 | €26,854 | +€14,437 | +116.3% |
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 12 October 2026 via checked.be.