SSE Projects: what changed
SSE Projects
Largest movements
- Receivables within one year +€410,105
up €410,105 (+134%), from €305,202 to €715,307
of which Trade receivables: +€417,466
- Cash +€232,957
up €232,957 (+989%), from €23,563 to €256,520
mainly Trade debts (+€291,516) and Debts after one year (+€246,166)
- Stocks and contracts -€206,622
down €206,622 (-100%), from €206,622 to €0
- Tangible fixed assets +€68,497
up €68,497 (+44.0%), from €155,638 to €224,135
of which Plant, machinery and equipment: +€34,920
- Trade debts +€291,516
up €291,516 (+353%), from €82,557 to €374,073
- Profit (loss) carried forward -€282,404
down €282,404, from €119,033 to -€163,371
- Debts after one year +€246,166
up €246,166 (+82.3%), from €299,051 to €545,217
- Advances received +€177,975
up €177,975 (+13,038%), from €1,365 to €179,340
- Tax, wage and social debts +€57,142
up €57,142 (+400%), from €14,281 to €71,422
of which Taxes: +€43,146
- Gross operating margin -€246,933
down €246,933, from €174,967 to -€71,966
- Financial charges +€39,197
up €39,197 (+977%), from €4,011 to €43,208
- Depreciation +€5,575
up €5,575 (+12.5%), from €44,763 to €50,338
- Other operating charges +€2,623
up €2,623 (+123%), from €2,134 to €4,757
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €696,943 | €1,203,167 | +€506,224 | +72.6% |
| Fixed assets | 21/28 | €155,638 | €224,135 | +€68,497 | +44.0% |
| Tangible fixed assets | 22/27 | €155,638 | €224,135 | +€68,497 | +44.0% |
| Plant, machinery and equipment | 23 | €82,317 | €117,237 | +€34,920 | +42.4% |
| Furniture and vehicles | 24 | €73,321 | €106,898 | +€33,577 | +45.8% |
| Current assets | 29/58 | €541,305 | €979,033 | +€437,727 | +80.9% |
| Stocks and contracts in progress | 3 | €206,622 | €0 | -€206,622 | -100% |
| Stocks | 30/36 | €206,622 | €0 | -€206,622 | -100% |
| Amounts receivable within one year | 40/41 | €305,202 | €715,307 | +€410,105 | +134% |
| Trade receivables | 40 | €288,663 | €706,129 | +€417,466 | +145% |
| Other amounts receivable | 41 | €16,539 | €9,178 | -€7,361 | -44.5% |
| Cash at bank and in hand | 54/58 | €23,563 | €256,520 | +€232,957 | +989% |
| Deferred charges and accrued income | 490/1 | €5,919 | €7,206 | +€1,287 | +21.8% |
| Total equity and liabilities | 10/49 | €696,943 | €1,203,167 | +€506,224 | +72.6% |
| Equity | 10/15 | €134,033 | -€148,371 | -€282,404 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,033 | -€163,371 | -€282,404 | |
| Amounts payable | 17/49 | €562,910 | €1,351,538 | +€788,628 | +140% |
| Amounts payable after more than one year | 17 | €299,051 | €545,217 | +€246,166 | +82.3% |
| Financial debts | 170/4 | €299,051 | €545,217 | +€246,166 | +82.3% |
| Amounts payable within one year | 42/48 | €263,859 | €806,321 | +€542,462 | +206% |
| Current portion of amounts payable after more than one year | 42 | €33,767 | €47,065 | +€13,298 | +39.4% |
| Trade debts | 44 | €82,557 | €374,073 | +€291,516 | +353% |
| Suppliers | 440/4 | €82,557 | €374,073 | +€291,516 | +353% |
| Advances received on contracts in progress | 46 | €1,365 | €179,340 | +€177,975 | +13,038% |
| Taxes, remuneration and social security | 45 | €14,281 | €71,422 | +€57,142 | +400% |
| Taxes | 450/3 | €6,174 | €49,320 | +€43,146 | +699% |
| Remuneration and social security | 454/9 | €8,107 | €22,103 | +€13,996 | +173% |
| Other amounts payable | 47/48 | €131,890 | €134,421 | +€2,531 | +1.9% |
| Remuneration, social security and pensions | 62 | €113,330 | €112,211 | -€1,119 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,763 | €50,338 | +€5,575 | +12.5% |
| Other operating charges | 640/8 | €2,134 | €4,757 | +€2,623 | +123% |
| Gross operating margin | 9900 | €174,967 | -€71,966 | -€246,933 | |
| Operating profit (loss) | 9901 | €14,739 | -€239,273 | -€254,012 | |
| Financial income | 75/76B | €16 | €77 | +€60 | +375% |
| Recurring financial income | 75 | €16 | €77 | +€60 | +375% |
| Financial charges | 65/66B | €4,011 | €43,208 | +€39,197 | +977% |
| Recurring financial charges | 65 | €4,011 | €43,208 | +€39,197 | +977% |
| Profit (loss) for the period before taxes | 9903 | €10,744 | -€282,404 | -€293,148 | |
| Income taxes | 67/77 | €1,643 | €0 | -€1,643 | -100% |
| Profit (loss) for the period | 9904 | €9,101 | -€282,404 | -€291,505 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,101 | -€282,404 | -€291,505 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.