SSB: 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.
SSB
Largest movements
- Cash +€151,409
up €151,409 (+69.3%), from €218,484 to €369,893
mainly Net result for the year (+€70,907) and Receivables within one year (+€35,153)
- Receivables within one year -€35,153
down €35,153 (-39.0%), from €90,068 to €54,915
- Tangible fixed assets -€22,237
down €22,237 (-23.4%), from €94,984 to €72,746
of which Furniture and vehicles: -€20,681
- Reserves +€70,907
up €70,907 (+22.6%), from €314,191 to €385,098
- Tax, wage and social debts +€22,442
up €22,442 (+40.0%), from €56,143 to €78,585
- Gross operating margin +€66,392
up €66,392 (+74.6%), from €88,956 to €155,348
- Write-downs +€30,000
new in 2024: €30,000
- Taxes +€12,544
up €12,544 (+62.8%), from €19,984 to €32,528
- Depreciation +€9,920
up €9,920 (+80.5%), from €12,317 to €22,237
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €411,844 | €505,622 | +€93,778 | +22.8% |
| Fixed assets | 21/28 | €101,284 | €79,046 | -€22,237 | -22.0% |
| Tangible fixed assets | 22/27 | €94,984 | €72,746 | -€22,237 | -23.4% |
| Plant, machinery and equipment | 23 | €3,337 | €1,781 | -€1,556 | -46.6% |
| Furniture and vehicles | 24 | €91,646 | €70,965 | -€20,681 | -22.6% |
| Financial fixed assets | 28 | €6,300 | €6,300 | = | 0.0% |
| Current assets | 29/58 | €310,560 | €426,575 | +€116,015 | +37.4% |
| Amounts receivable within one year | 40/41 | €90,068 | €54,915 | -€35,153 | -39.0% |
| Trade receivables | 40 | €90,068 | €54,915 | -€35,153 | -39.0% |
| Cash at bank and in hand | 54/58 | €218,484 | €369,893 | +€151,409 | +69.3% |
| Deferred charges and accrued income | 490/1 | €2,009 | €1,767 | -€241 | -12.0% |
| Total equity and liabilities | 10/49 | €411,844 | €505,622 | +€93,778 | +22.8% |
| Equity | 10/15 | €332,791 | €403,698 | +€70,907 | +21.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €314,191 | €385,098 | +€70,907 | +22.6% |
| Distributable reserves | 133 | €314,191 | €385,098 | +€70,907 | +22.6% |
| Amounts payable | 17/49 | €79,053 | €101,923 | +€22,871 | +28.9% |
| Amounts payable within one year | 42/48 | €79,053 | €101,923 | +€22,871 | +28.9% |
| Trade debts | 44 | €533 | €767 | +€234 | +43.9% |
| Suppliers | 440/4 | €533 | €767 | +€234 | +43.9% |
| Taxes, remuneration and social security | 45 | €56,143 | €78,585 | +€22,442 | +40.0% |
| Taxes | 450/3 | €56,143 | €78,585 | +€22,442 | +40.0% |
| Other amounts payable | 47/48 | €22,377 | €22,572 | +€195 | +0.9% |
| Non-recurring operating income | 76A | €438 | €1,142 | +€704 | +161.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,317 | €22,237 | +€9,920 | +80.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €30,000 | +€30,000 | |
| Other operating charges | 640/8 | €327 | €360 | +€33 | +10.2% |
| Non-recurring operating charges | 66A | €12,769 | - | -€12,769 | |
| Gross operating margin | 9900 | €88,956 | €155,348 | +€66,392 | +74.6% |
| Operating profit (loss) | 9901 | €63,543 | €102,751 | +€39,208 | +61.7% |
| Financial income | 75/76B | €605 | €972 | +€367 | +60.7% |
| Recurring financial income | 75 | €605 | €972 | +€367 | +60.7% |
| Financial charges | 65/66B | €283 | €288 | +€5 | +1.7% |
| Recurring financial charges | 65 | €283 | €288 | +€5 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €63,866 | €103,436 | +€39,570 | +62.0% |
| Income taxes | 67/77 | €19,984 | €32,528 | +€12,544 | +62.8% |
| Profit (loss) for the period | 9904 | €43,882 | €70,907 | +€27,026 | +61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,882 | €70,907 | +€27,026 | +61.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.