SSE-BSJ: 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.
SSE-BSJ
Largest movements
- Receivables within one year +€165,664
up €165,664 (+38.8%), from €427,280 to €592,944
of which Trade receivables: +€108,738
- Deferred charges and accrued income -€21,376
down €21,376 (-86.1%), from €24,817 to €3,441
- Debts within one year +€111,718
up €111,718 (+19.7%), from €567,446 to €679,164
of which Advances received: +€80,420
- Accrued charges and deferred income +€12,217
up €12,217 (+4301.8%), from €284 to €12,501
- Profit (loss) carried forward +€10,648
up €10,648 (+5.6%), from €190,304 to €200,952
- Gross operating margin -€71,873
down €71,873 (-43.6%), from €164,989 to €93,116
- Staff costs -€31,460
down €31,460 (-29.8%), from €105,400 to €73,940
- Other operating charges -€12,656
down €12,656 (-72.0%), from €17,585 to €4,929
- Financial charges -€4,746
down €4,746 (-77.7%), from €6,105 to €1,359
- Depreciation +€3,094
up €3,094 (+3033.3%), from €102 to €3,196
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 | €758,034 | €892,617 | +€134,583 | +17.8% |
| Fixed assets | 21/28 | €22,901 | €19,741 | -€3,160 | -13.8% |
| Intangible fixed assets | 21 | €14,187 | €11,350 | -€2,837 | -20.0% |
| Tangible fixed assets | 22/27 | €3,480 | €3,122 | -€358 | -10.3% |
| Other tangible fixed assets | 26 | €3,480 | €3,122 | -€358 | -10.3% |
| Financial fixed assets | 28 | €5,234 | €5,269 | +€35 | +0.7% |
| Current assets | 29/58 | €735,133 | €872,876 | +€137,743 | +18.7% |
| Amounts receivable within one year | 40/41 | €427,280 | €592,944 | +€165,664 | +38.8% |
| Trade receivables | 40 | €46,553 | €155,291 | +€108,738 | +233.6% |
| Other amounts receivable | 41 | €380,727 | €437,653 | +€56,926 | +15.0% |
| Cash at bank and in hand | 54/58 | €283,036 | €276,491 | -€6,545 | -2.3% |
| Deferred charges and accrued income | 490/1 | €24,817 | €3,441 | -€21,376 | -86.1% |
| Total equity and liabilities | 10/49 | €758,034 | €892,617 | +€134,583 | +17.8% |
| Equity | 10/15 | €190,304 | €200,952 | +€10,648 | +5.6% |
| Profit (loss) carried forward | 14 | €190,304 | €200,952 | +€10,648 | +5.6% |
| Amounts payable | 17/49 | €567,730 | €691,665 | +€123,935 | +21.8% |
| Amounts payable within one year | 42/48 | €567,446 | €679,164 | +€111,718 | +19.7% |
| Trade debts | 44 | €45,041 | €93,761 | +€48,720 | +108.2% |
| Suppliers | 440/4 | €45,041 | €93,761 | +€48,720 | +108.2% |
| Advances received on contracts in progress | 46 | €479,497 | €559,917 | +€80,420 | +16.8% |
| Taxes, remuneration and social security | 45 | €38,005 | €20,583 | -€17,422 | -45.8% |
| Taxes | 450/3 | €13,332 | €14,438 | +€1,106 | +8.3% |
| Remuneration and social security | 454/9 | €24,673 | €6,145 | -€18,528 | -75.1% |
| Accrued charges and deferred income | 492/3 | €284 | €12,501 | +€12,217 | +4301.8% |
| Remuneration, social security and pensions | 62 | €105,400 | €73,940 | -€31,460 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102 | €3,196 | +€3,094 | +3033.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€80 | -€151 | -€71 | -88.8% |
| Other operating charges | 640/8 | €17,585 | €4,929 | -€12,656 | -72.0% |
| Gross operating margin | 9900 | €164,989 | €93,116 | -€71,873 | -43.6% |
| Operating profit (loss) | 9901 | €41,982 | €11,202 | -€30,780 | -73.3% |
| Financial income | 75/76B | €2,058 | €1,507 | -€551 | -26.8% |
| Recurring financial income | 75 | €2,058 | €1,507 | -€551 | -26.8% |
| Financial charges | 65/66B | €6,105 | €1,359 | -€4,746 | -77.7% |
| Recurring financial charges | 65 | €6,105 | €1,359 | -€4,746 | -77.7% |
| Profit (loss) for the period before taxes | 9903 | €37,935 | €11,350 | -€26,585 | -70.1% |
| Income taxes | 67/77 | €885 | €702 | -€183 | -20.7% |
| Profit (loss) for the period | 9904 | €37,050 | €10,648 | -€26,402 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,050 | €10,648 | -€26,402 | -71.3% |
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 12 October 2026 via checked.be.