SSE: what changed
Two fiscal 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.
SSE
Largest movements
- Cash +€13.2m
up €13.2m (+37.9%), from €34.9m to €48.2m
mainly Debts within one year (+€12.7m) and Net result for the year (+€1.7m)
- Receivables within one year +€869,287
up €869,287 (+35.6%), from €2.4m to €3.3m
of which Trade receivables: +€874,065
- Debts within one year +€12.7m
up €12.7m (+33.8%), from €37.7m to €50.4m
- Profit (loss) carried forward +€1.7m
up €1.7m (+610.4%), from €286,221 to €2.0m
- Financial income +€1.6m
up €1.6m (+92.3%), from €1.8m to €3.4m
- Financial charges +€1.6m
up €1.6m (+5183.6%), from €31,161 to €1.6m
- Gross operating margin +€1.1m
up €1.1m (+26.1%), from €4.2m to €5.3m
- Staff costs -€475,111
down €475,111 (-8.5%), from €5.6m to €5.1m
- Taxes -€183,041
down €183,041 (-87.0%), from €210,401 to €27,360
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 | €37,986,879 | €52,476,317 | +€14.5m | +38.1% |
| Fixed assets | 21/28 | €563,883 | €955,613 | +€391,730 | +69.5% |
| Intangible fixed assets | 21 | - | €313,155 | +€313,155 | |
| Tangible fixed assets | 22/27 | €350,746 | €426,221 | +€75,475 | +21.5% |
| Furniture and vehicles | 24 | €340,230 | €420,656 | +€80,426 | +23.6% |
| Leasing and similar rights | 25 | €6,372 | €3,208 | -€3,164 | -49.7% |
| Other tangible fixed assets | 26 | €4,144 | €2,357 | -€1,787 | -43.1% |
| Financial fixed assets | 28 | €213,137 | €216,237 | +€3,100 | +1.5% |
| Current assets | 29/58 | €37,422,996 | €51,520,704 | +€14.1m | +37.7% |
| Amounts receivable within one year | 40/41 | €2,439,971 | €3,309,258 | +€869,287 | +35.6% |
| Trade receivables | 40 | €2,435,193 | €3,309,258 | +€874,065 | +35.9% |
| Other amounts receivable | 41 | €4,778 | - | -€4,778 | |
| Current investments | 50/53 | €17,691 | - | -€17,691 | |
| Cash at bank and in hand | 54/58 | €34,928,806 | €48,156,542 | +€13.2m | +37.9% |
| Deferred charges and accrued income | 490/1 | €36,528 | €54,904 | +€18,376 | +50.3% |
| Total equity and liabilities | 10/49 | €37,986,879 | €52,476,317 | +€14.5m | +38.1% |
| Equity | 10/15 | €286,221 | €2,033,447 | +€1.7m | +610.4% |
| Profit (loss) carried forward | 14 | €286,221 | €2,033,447 | +€1.7m | +610.4% |
| Amounts payable | 17/49 | €37,700,658 | €50,442,870 | +€12.7m | +33.8% |
| Amounts payable within one year | 42/48 | €37,687,214 | €50,433,869 | +€12.7m | +33.8% |
| Trade debts | 44 | €2,698,429 | €1,368,243 | -€1.3m | -49.3% |
| Suppliers | 440/4 | €2,698,429 | €1,368,243 | -€1.3m | -49.3% |
| Taxes, remuneration and social security | 45 | €1,888,253 | €1,738,582 | -€149,671 | -7.9% |
| Taxes | 450/3 | €490,633 | €682,252 | +€191,619 | +39.1% |
| Remuneration and social security | 454/9 | €1,397,620 | €1,056,330 | -€341,290 | -24.4% |
| Accrued charges and deferred income | 492/3 | €13,444 | €9,001 | -€4,443 | -33.0% |
| Remuneration, social security and pensions | 62 | €5,616,270 | €5,141,159 | -€475,111 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,610 | €115,564 | +€34,954 | +43.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,380 | -€2,012 | -€6,392 | |
| Other operating charges | 640/8 | €37,116 | €53,528 | +€16,412 | +44.2% |
| Gross operating margin | 9900 | €4,197,262 | €5,291,705 | +€1.1m | +26.1% |
| Operating profit (loss) | 9901 | -€1,541,114 | -€16,534 | +€1.5m | +98.9% |
| Financial income | 75/76B | €1,787,756 | €3,437,545 | +€1.6m | +92.3% |
| Recurring financial income | 75 | €1,787,756 | €3,437,545 | +€1.6m | +92.3% |
| Financial charges | 65/66B | €31,161 | €1,646,425 | +€1.6m | +5183.6% |
| Recurring financial charges | 65 | €31,161 | €1,646,425 | +€1.6m | +5183.6% |
| Profit (loss) for the period before taxes | 9903 | €215,481 | €1,774,586 | +€1.6m | +723.5% |
| Income taxes | 67/77 | €210,401 | €27,360 | -€183,041 | -87.0% |
| Profit (loss) for the period | 9904 | €5,080 | €1,747,226 | +€1.7m | +34294.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,080 | €1,747,226 | +€1.7m | +34294.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.