SSASSI MANAGEMENT: 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.
SSASSI MANAGEMENT
Largest movements
- Receivables within one year +€60,836
up €60,836 (+157%), from €38,762 to €99,598
of which Trade receivables: +€55,980
- Financial fixed assets -€25,000
no longer reported in 2025 (was €25,000)
- Cash +€11,929
up €11,929 (+137%), from €8,710 to €20,639
mainly Tax, wage and social debts (+€28,387) and Investment in fixed assets (net) (+€25,000)
- Tax, wage and social debts +€28,387
up €28,387 (+1,314%), from €2,160 to €30,547
of which Taxes: +€28,282
- Reserves +€23,707
up €23,707 (+128%), from €18,472 to €42,179
- Trade debts -€5,487
down €5,487 (-16.9%), from €32,381 to €26,894
- Gross operating margin +€31,155
up €31,155 (+442%), from €7,051 to €38,205
- Taxes +€9,048
up €9,048 (+544%), from €1,663 to €10,711
- Financial charges -€990
down €990 (-26.6%), from €3,727 to €2,736
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 | €74,773 | €121,853 | +€47,079 | +63.0% |
| Fixed assets | 21/28 | €27,137 | €1,441 | -€25,697 | -94.7% |
| Tangible fixed assets | 22/27 | €2,137 | €1,441 | -€697 | -32.6% |
| Land and buildings | 22 | €1,002 | €752 | -€251 | -25.0% |
| Furniture and vehicles | 24 | €1,135 | €689 | -€446 | -39.3% |
| Financial fixed assets | 28 | €25,000 | - | -€25,000 | |
| Current assets | 29/58 | €47,636 | €120,412 | +€72,776 | +153% |
| Amounts receivable within one year | 40/41 | €38,762 | €99,598 | +€60,836 | +157% |
| Trade receivables | 40 | €38,000 | €93,980 | +€55,980 | +147% |
| Other amounts receivable | 41 | €762 | €5,618 | +€4,856 | +637% |
| Cash at bank and in hand | 54/58 | €8,710 | €20,639 | +€11,929 | +137% |
| Deferred charges and accrued income | 490/1 | €164 | €175 | +€11 | +6.4% |
| Total equity and liabilities | 10/49 | €74,773 | €121,853 | +€47,079 | +63.0% |
| Equity | 10/15 | €40,232 | €63,939 | +€23,707 | +58.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €18,472 | €42,179 | +€23,707 | +128% |
| Distributable reserves | 133 | €18,472 | €42,179 | +€23,707 | +128% |
| Profit (loss) carried forward | 14 | €9,360 | €9,360 | = | 0.0% |
| Amounts payable | 17/49 | €34,542 | €57,913 | +€23,372 | +67.7% |
| Amounts payable within one year | 42/48 | €34,542 | €57,913 | +€23,372 | +67.7% |
| Trade debts | 44 | €32,381 | €26,894 | -€5,487 | -16.9% |
| Suppliers | 440/4 | €32,381 | €26,894 | -€5,487 | -16.9% |
| Taxes, remuneration and social security | 45 | €2,160 | €30,547 | +€28,387 | +1,314% |
| Taxes | 450/3 | €2,160 | €30,442 | +€28,282 | +1,309% |
| Remuneration and social security | 454/9 | - | €105 | +€105 | |
| Other amounts payable | 47/48 | - | €473 | +€473 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €453 | €697 | +€243 | +53.6% |
| Other operating charges | 640/8 | €979 | €663 | -€316 | -32.3% |
| Gross operating margin | 9900 | €7,051 | €38,205 | +€31,155 | +442% |
| Operating profit (loss) | 9901 | €5,619 | €36,846 | +€31,227 | +556% |
| Financial income | 75/76B | €1 | €308 | +€307 | +32,348% |
| Recurring financial income | 75 | €1 | €308 | +€307 | +32,348% |
| Financial charges | 65/66B | €3,727 | €2,736 | -€990 | -26.6% |
| Recurring financial charges | 65 | €3,727 | €2,736 | -€990 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €1,893 | €34,418 | +€32,525 | +1,718% |
| Income taxes | 67/77 | €1,663 | €10,711 | +€9,048 | +544% |
| Profit (loss) for the period | 9904 | €230 | €23,707 | +€23,477 | +10,197% |
| Profit (loss) for the period to be appropriated | 9905 | €230 | €23,707 | +€23,477 | +10,197% |
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 23 October 2026 via checked.be.