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 +€13,315
up €13,315 (+93.5%), from €14,235 to €27,550
mainly Net result for the year (+€23,253) and Depreciation (+€1,900)
- Receivables within one year +€5,848
up €5,848 (+13.3%), from €43,922 to €49,770
of which Trade receivables: +€6,137
- Tangible fixed assets -€1,900
down €1,900 (-59.3%), from €3,206 to €1,306
of which Furniture and vehicles: -€1,766
- Reserves +€11,815
up €11,815 (+30.6%), from €38,600 to €50,416
of which Distributable reserves: +€11,815
- Profit (loss) carried forward +€11,437
up €11,437, from -€11,437 to €0
- Tax, wage and social debts -€3,157
down €3,157 (-14.2%), from €22,226 to €19,069
of which Remuneration and social security: -€7,064
- Trade debts -€2,262
down €2,262 (-29.4%), from €7,683 to €5,421
- Gross operating margin +€15,698
up €15,698 (+22.2%), from €70,586 to €86,284
- Staff costs -€7,679
down €7,679 (-12.2%), from €62,801 to €55,123
- Taxes +€6,983
up €6,983, from €0 to €6,983
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 | €63,442 | €81,106 | +€17,664 | +27.8% |
| Fixed assets | 21/28 | €4,506 | €2,606 | -€1,900 | -42.2% |
| Tangible fixed assets | 22/27 | €3,206 | €1,306 | -€1,900 | -59.3% |
| Plant, machinery and equipment | 23 | €785 | €652 | -€134 | -17.0% |
| Furniture and vehicles | 24 | €2,421 | €654 | -€1,766 | -73.0% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €58,936 | €78,500 | +€19,564 | +33.2% |
| Amounts receivable within one year | 40/41 | €43,922 | €49,770 | +€5,848 | +13.3% |
| Trade receivables | 40 | €4,435 | €10,573 | +€6,137 | +138.4% |
| Other amounts receivable | 41 | €39,486 | €39,197 | -€289 | -0.7% |
| Cash at bank and in hand | 54/58 | €14,235 | €27,550 | +€13,315 | +93.5% |
| Deferred charges and accrued income | 490/1 | €779 | €1,180 | +€401 | +51.4% |
| Total equity and liabilities | 10/49 | €63,442 | €81,106 | +€17,664 | +27.8% |
| Equity | 10/15 | €33,363 | €56,616 | +€23,253 | +69.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38,600 | €50,416 | +€11,815 | +30.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €36,740 | €48,556 | +€11,815 | +32.2% |
| Profit (loss) carried forward | 14 | -€11,437 | €0 | +€11,437 | |
| Amounts payable | 17/49 | €30,079 | €24,490 | -€5,589 | -18.6% |
| Amounts payable within one year | 42/48 | €30,079 | €24,490 | -€5,589 | -18.6% |
| Financial debts | 43 | €169 | €0 | -€169 | -100.0% |
| Other loans | 439 | €169 | €0 | -€169 | -100.0% |
| Trade debts | 44 | €7,683 | €5,421 | -€2,262 | -29.4% |
| Suppliers | 440/4 | €7,683 | €5,421 | -€2,262 | -29.4% |
| Taxes, remuneration and social security | 45 | €22,226 | €19,069 | -€3,157 | -14.2% |
| Taxes | 450/3 | €0 | €3,907 | +€3,907 | |
| Remuneration and social security | 454/9 | €22,226 | €15,161 | -€7,064 | -31.8% |
| Non-recurring operating income | 76A | €6,353 | €0 | -€6,353 | -100.0% |
| Remuneration, social security and pensions | 62 | €62,801 | €55,123 | -€7,679 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,638 | €1,900 | -€738 | -28.0% |
| Other operating charges | 640/8 | €866 | €889 | +€23 | +2.6% |
| Gross operating margin | 9900 | €70,586 | €86,284 | +€15,698 | +22.2% |
| Operating profit (loss) | 9901 | €4,281 | €28,372 | +€24,091 | +562.7% |
| Financial income | 75/76B | €2,157 | €2,053 | -€104 | -4.8% |
| Recurring financial income | 75 | €2,157 | €2,053 | -€104 | -4.8% |
| Financial charges | 65/66B | €202 | €190 | -€12 | -5.8% |
| Recurring financial charges | 65 | €202 | €190 | -€12 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €6,236 | €30,235 | +€23,999 | +384.8% |
| Income taxes | 67/77 | €0 | €6,983 | +€6,983 | |
| Profit (loss) for the period | 9904 | €6,236 | €23,253 | +€17,016 | +272.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,236 | €23,253 | +€17,016 | +272.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.