SSENSE: 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.
SSENSE
Largest movements
- Cash -€27,747
down €27,747 (-44.5%), from €62,391 to €34,644
mainly Net result for the year (-€48,519) and Investment in fixed assets (net) (-€14,171)
- Tangible fixed assets -€13,541
down €13,541 (-5.7%), from €238,623 to €225,082
of which Land and buildings: -€12,372
- Receivables within one year -€10,875
down €10,875 (-44.3%), from €24,522 to €13,646
of which Trade receivables: -€10,087
- Profit (loss) carried forward -€48,519
new in 2025: -€48,519
- Debts after one year -€12,500
down €12,500 (-21.8%), from €57,291 to €44,791
- Advances received +€12,397
new in 2025: €12,397
- Gross operating margin -€64,219
down €64,219, from €62,402 to -€1,817
- Taxes +€1,305
up €1,305 (+12.1%), from €10,824 to €12,129
- Financial charges -€1,130
down €1,130 (-25.8%), from €4,382 to €3,252
- Other operating charges +€928
up €928 (+28.0%), from €3,318 to €4,246
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 | €337,585 | €287,503 | -€50,082 | -14.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €238,623 | €225,082 | -€13,541 | -5.7% |
| Tangible fixed assets | 22/27 | €238,623 | €225,082 | -€13,541 | -5.7% |
| Land and buildings | 22 | €192,590 | €180,217 | -€12,372 | -6.4% |
| Plant, machinery and equipment | 23 | €9,726 | €8,503 | -€1,223 | -12.6% |
| Furniture and vehicles | 24 | €24,390 | €27,444 | +€3,054 | +12.5% |
| Other tangible fixed assets | 26 | €11,918 | €8,918 | -€3,000 | -25.2% |
| Current assets | 29/58 | €98,962 | €62,421 | -€36,541 | -36.9% |
| Amounts receivable after more than one year | 29 | €3,125 | €3,125 | +€0 | 0.0% |
| Other amounts receivable | 291 | €3,125 | €3,125 | +€0 | 0.0% |
| Stocks and contracts in progress | 3 | €8,925 | €8,925 | = | 0.0% |
| Stocks | 30/36 | €8,925 | €8,925 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,522 | €13,646 | -€10,875 | -44.3% |
| Trade receivables | 40 | €13,999 | €3,912 | -€10,087 | -72.1% |
| Other amounts receivable | 41 | €10,523 | €9,735 | -€788 | -7.5% |
| Cash at bank and in hand | 54/58 | €62,391 | €34,644 | -€27,747 | -44.5% |
| Deferred charges and accrued income | 490/1 | - | €2,081 | +€2,081 | |
| Total equity and liabilities | 10/49 | €337,585 | €287,503 | -€50,082 | -14.8% |
| Equity | 10/15 | €258,402 | €209,883 | -€48,519 | -18.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €252,202 | €252,202 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,880 | €14,880 | = | 0.0% |
| Distributable reserves | 133 | €237,322 | €237,322 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€48,519 | -€48,519 | |
| Amounts payable | 17/49 | €79,183 | €77,620 | -€1,563 | -2.0% |
| Amounts payable after more than one year | 17 | €57,291 | €44,791 | -€12,500 | -21.8% |
| Financial debts | 170/4 | €57,291 | €44,791 | -€12,500 | -21.8% |
| Amounts payable within one year | 42/48 | €21,892 | €32,829 | +€10,937 | +50.0% |
| Current portion of amounts payable after more than one year | 42 | €12,500 | €12,500 | = | 0.0% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Advances received on contracts in progress | 46 | - | €12,397 | +€12,397 | |
| Taxes, remuneration and social security | 45 | €9,392 | €7,932 | -€1,460 | -15.5% |
| Taxes | 450/3 | €9,392 | €7,932 | -€1,460 | -15.5% |
| Non-recurring operating income | 76A | €207 | - | -€207 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,984 | €27,712 | -€272 | -1.0% |
| Other operating charges | 640/8 | €3,318 | €4,246 | +€928 | +28.0% |
| Gross operating margin | 9900 | €62,402 | -€1,817 | -€64,219 | |
| Operating profit (loss) | 9901 | €31,100 | -€33,775 | -€64,876 | |
| Financial income | 75/76B | €630 | €637 | +€7 | +1.1% |
| Recurring financial income | 75 | €630 | €637 | +€7 | +1.1% |
| Financial charges | 65/66B | €4,382 | €3,252 | -€1,130 | -25.8% |
| Recurring financial charges | 65 | €4,382 | €3,252 | -€1,130 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €27,348 | -€36,390 | -€63,739 | |
| Income taxes | 67/77 | €10,824 | €12,129 | +€1,305 | +12.1% |
| Profit (loss) for the period | 9904 | €16,525 | -€48,519 | -€65,044 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,525 | -€48,519 | -€65,044 |
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 3 October 2026 via checked.be.