SSA GROUP: 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.
SSA GROUP
Largest movements
- Cash +€71,647
up €71,647 (+140%), from €51,340 to €122,987
mainly Net result for the year (+€101,511) and Depreciation (+€73,489)
- Tangible fixed assets +€21,732
up €21,732 (+3.6%), from €601,172 to €622,905
of which Furniture and vehicles: +€27,541
- Receivables after one year -€15,000
no longer reported in 2025 (was €15,000)
- Stocks and contracts +€13,699
up €13,699 (+535%), from €2,562 to €16,262
- Reserves +€61,624
up €61,624 (+32.2%), from €191,486 to €253,109
- Advances received +€16,576
up €16,576 (+535%), from €3,100 to €19,677
- Other debts +€16,194
up €16,194 (+485%), from €3,342 to €19,536
- Current portion of long-term debt +€13,382
up €13,382 (+25.3%), from €52,912 to €66,294
- Staff costs -€125,107
down €125,107 (-43.3%), from €289,147 to €164,040
- Gross operating margin -€26,530
down €26,530 (-6.1%), from €435,072 to €408,541
- Depreciation +€24,547
up €24,547 (+50.2%), from €48,942 to €73,489
- Taxes +€22,720
up €22,720 (+97.0%), from €23,411 to €46,131
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 | €784,711 | €882,190 | +€97,478 | +12.4% |
| Fixed assets | 21/28 | €602,032 | €623,765 | +€21,732 | +3.6% |
| Tangible fixed assets | 22/27 | €601,172 | €622,905 | +€21,732 | +3.6% |
| Land and buildings | 22 | €465,729 | €450,368 | -€15,361 | -3.3% |
| Plant, machinery and equipment | 23 | €28,810 | €38,362 | +€9,552 | +33.2% |
| Furniture and vehicles | 24 | €106,634 | €134,175 | +€27,541 | +25.8% |
| Financial fixed assets | 28 | €860 | €860 | = | 0.0% |
| Current assets | 29/58 | €182,679 | €258,425 | +€75,746 | +41.5% |
| Amounts receivable after more than one year | 29 | €15,000 | - | -€15,000 | |
| Trade receivables | 290 | €15,000 | - | -€15,000 | |
| Stocks and contracts in progress | 3 | €2,562 | €16,262 | +€13,699 | +535% |
| Stocks | 30/36 | €2,562 | €16,262 | +€13,699 | +535% |
| Amounts receivable within one year | 40/41 | €103,583 | €107,702 | +€4,120 | +4.0% |
| Trade receivables | 40 | €92,829 | €104,610 | +€11,781 | +12.7% |
| Other amounts receivable | 41 | €10,754 | €3,093 | -€7,661 | -71.2% |
| Cash at bank and in hand | 54/58 | €51,340 | €122,987 | +€71,647 | +140% |
| Deferred charges and accrued income | 490/1 | €10,194 | €11,473 | +€1,279 | +12.6% |
| Total equity and liabilities | 10/49 | €784,711 | €882,190 | +€97,478 | +12.4% |
| Equity | 10/15 | €197,686 | €259,309 | +€61,624 | +31.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €191,486 | €253,109 | +€61,624 | +32.2% |
| Distributable reserves | 133 | €191,486 | €253,109 | +€61,624 | +32.2% |
| Amounts payable | 17/49 | €587,026 | €622,880 | +€35,855 | +6.1% |
| Amounts payable after more than one year | 17 | €419,542 | €415,051 | -€4,490 | -1.1% |
| Financial debts | 170/4 | €419,542 | €415,051 | -€4,490 | -1.1% |
| Amounts payable within one year | 42/48 | €167,484 | €207,829 | +€40,345 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €52,912 | €66,294 | +€13,382 | +25.3% |
| Trade debts | 44 | €65,600 | €63,872 | -€1,728 | -2.6% |
| Suppliers | 440/4 | €65,600 | €63,872 | -€1,728 | -2.6% |
| Advances received on contracts in progress | 46 | €3,100 | €19,677 | +€16,576 | +535% |
| Taxes, remuneration and social security | 45 | €42,530 | €38,450 | -€4,080 | -9.6% |
| Taxes | 450/3 | €7,202 | €21,131 | +€13,929 | +193% |
| Remuneration and social security | 454/9 | €35,328 | €17,319 | -€18,010 | -51.0% |
| Other amounts payable | 47/48 | €3,342 | €19,536 | +€16,194 | +485% |
| Non-recurring operating income | 76A | €32,634 | €45,380 | +€12,746 | +39.1% |
| Remuneration, social security and pensions | 62 | €289,147 | €164,040 | -€125,107 | -43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,942 | €73,489 | +€24,547 | +50.2% |
| Other operating charges | 640/8 | €8,770 | €7,860 | -€910 | -10.4% |
| Gross operating margin | 9900 | €435,072 | €408,541 | -€26,530 | -6.1% |
| Operating profit (loss) | 9901 | €88,212 | €163,152 | +€74,940 | +85.0% |
| Financial income | 75/76B | €730 | €677 | -€53 | -7.3% |
| Recurring financial income | 75 | €730 | €677 | -€53 | -7.3% |
| Financial charges | 65/66B | €15,139 | €16,187 | +€1,048 | +6.9% |
| Recurring financial charges | 65 | €15,139 | €16,187 | +€1,048 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €73,803 | €147,642 | +€73,839 | +100% |
| Income taxes | 67/77 | €23,411 | €46,131 | +€22,720 | +97.0% |
| Profit (loss) for the period | 9904 | €50,392 | €101,511 | +€51,119 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €50,392 | €101,511 | +€51,119 | +101% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.