SSEN: 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.
SSEN
Largest movements
- Receivables within one year -€5,121
down €5,121 (-17.5%), from €29,341 to €24,220
of which Trade receivables: -€3,109
- Deferred charges and accrued income +€4,486
up €4,486 (+62.3%), from €7,203 to €11,689
- Intangible fixed assets +€2,895
new in 2025: €2,895
- Cash +€1,039
up €1,039 (+7.7%), from €13,552 to €14,590
mainly Net result for the year (+€8,079) and Receivables within one year (+€5,121)
- Profit (loss) carried forward +€8,379
up €8,379 (+34.4%), from €24,360 to €32,739
- Tax, wage and social debts -€3,404
down €3,404 (-23.0%), from €14,770 to €11,367
of which Taxes: -€3,630
- Trade debts -€1,622
down €1,622 (-40.4%), from €4,017 to €2,395
- Gross operating margin +€14,270
up €14,270 (+583.1%), from €2,447 to €16,717
- Taxes +€3,449
up €3,449 (+156.8%), from €2,200 to €5,649
- Other operating charges +€879
up €879 (+144.2%), from €610 to €1,489
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 | €51,270 | €54,623 | +€3,353 | +6.5% |
| Fixed assets | 21/28 | €1,174 | €4,124 | +€2,949 | +251.1% |
| Intangible fixed assets | 21 | - | €2,895 | +€2,895 | |
| Tangible fixed assets | 22/27 | €1,134 | €1,188 | +€54 | +4.8% |
| Furniture and vehicles | 24 | €1,134 | €1,188 | +€54 | +4.8% |
| Financial fixed assets | 28 | €41 | €41 | = | 0.0% |
| Current assets | 29/58 | €50,095 | €50,499 | +€404 | +0.8% |
| Amounts receivable within one year | 40/41 | €29,341 | €24,220 | -€5,121 | -17.5% |
| Trade receivables | 40 | €21,689 | €18,580 | -€3,109 | -14.3% |
| Other amounts receivable | 41 | €7,652 | €5,640 | -€2,012 | -26.3% |
| Cash at bank and in hand | 54/58 | €13,552 | €14,590 | +€1,039 | +7.7% |
| Deferred charges and accrued income | 490/1 | €7,203 | €11,689 | +€4,486 | +62.3% |
| Total equity and liabilities | 10/49 | €51,270 | €54,623 | +€3,353 | +6.5% |
| Equity | 10/15 | €32,482 | €40,861 | +€8,379 | +25.8% |
| Contributions | 10/11 | €8,122 | €8,122 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,360 | €32,739 | +€8,379 | +34.4% |
| Amounts payable | 17/49 | €18,787 | €13,761 | -€5,026 | -26.8% |
| Amounts payable within one year | 42/48 | €18,787 | €13,761 | -€5,026 | -26.8% |
| Trade debts | 44 | €4,017 | €2,395 | -€1,622 | -40.4% |
| Suppliers | 440/4 | €4,017 | €2,395 | -€1,622 | -40.4% |
| Taxes, remuneration and social security | 45 | €14,770 | €11,367 | -€3,404 | -23.0% |
| Taxes | 450/3 | €12,535 | €8,905 | -€3,630 | -29.0% |
| Remuneration and social security | 454/9 | €2,235 | €2,461 | +€226 | +10.1% |
| Non-recurring operating income | 76A | €3,672 | - | -€3,672 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,156 | €1,140 | -€16 | -1.4% |
| Other operating charges | 640/8 | €610 | €1,489 | +€879 | +144.2% |
| Gross operating margin | 9900 | €2,447 | €16,717 | +€14,270 | +583.1% |
| Operating profit (loss) | 9901 | €681 | €14,088 | +€13,407 | +1967.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -97.3% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -97.3% |
| Financial charges | 65/66B | €508 | €360 | -€148 | -29.1% |
| Recurring financial charges | 65 | €508 | €360 | -€148 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €175 | €13,728 | +€13,553 | +7758.0% |
| Income taxes | 67/77 | €2,200 | €5,649 | +€3,449 | +156.8% |
| Profit (loss) for the period | 9904 | -€2,025 | €8,079 | +€10,105 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,025 | €8,079 | +€10,105 |
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 8 October 2026 via checked.be.