SSG: 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.
SSG
Largest movements
- Tangible fixed assets -€96,364
down €96,364 (-6.6%), from €1.5m to €1.4m
- Receivables within one year +€16,163
up €16,163 (+89.5%), from €18,052 to €34,214
- Debts after one year -€75,645
down €75,645 (-8.4%), from €904,044 to €828,399
- Other debts -€27,281
down €27,281 (-4.7%), from €576,356 to €549,076
- Profit (loss) carried forward +€20,909
up €20,909 (+23.0%), from -€90,870 to -€69,961
- Trade debts +€19,920
new in 2025: €19,920
- Taxes +€11,637
up €11,637 (+555%), from €2,098 to €13,735
- Financial charges -€1,690
down €1,690 (-10.9%), from €15,489 to €13,799
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.
Derived cash bridge
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 | €1,502,302 | €1,429,606 | -€72,696 | -4.8% |
| Fixed assets | 21/28 | €1,460,894 | €1,364,531 | -€96,364 | -6.6% |
| Tangible fixed assets | 22/27 | €1,460,894 | €1,364,531 | -€96,364 | -6.6% |
| Land and buildings | 22 | €888,167 | €861,099 | -€27,069 | -3.0% |
| Plant, machinery and equipment | 23 | €489,763 | €444,717 | -€45,046 | -9.2% |
| Furniture and vehicles | 24 | €82,964 | €58,716 | -€24,248 | -29.2% |
| Current assets | 29/58 | €41,408 | €65,075 | +€23,668 | +57.2% |
| Amounts receivable within one year | 40/41 | €18,052 | €34,214 | +€16,163 | +89.5% |
| Trade receivables | 40 | €18,052 | €34,214 | +€16,163 | +89.5% |
| Cash at bank and in hand | 54/58 | €18,413 | €26,754 | +€8,340 | +45.3% |
| Deferred charges and accrued income | 490/1 | €4,943 | €4,107 | -€835 | -16.9% |
| Total equity and liabilities | 10/49 | €1,502,302 | €1,429,606 | -€72,696 | -4.8% |
| Equity | 10/15 | -€72,270 | -€51,361 | +€20,909 | +28.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,870 | -€69,961 | +€20,909 | +23.0% |
| Amounts payable | 17/49 | €1,574,572 | €1,480,967 | -€93,605 | -5.9% |
| Amounts payable after more than one year | 17 | €904,044 | €828,399 | -€75,645 | -8.4% |
| Financial debts | 170/4 | €904,044 | €828,399 | -€75,645 | -8.4% |
| Amounts payable within one year | 42/48 | €670,289 | €652,568 | -€17,722 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €86,456 | €77,531 | -€8,925 | -10.3% |
| Trade debts | 44 | - | €19,920 | +€19,920 | |
| Suppliers | 440/4 | - | €19,920 | +€19,920 | |
| Taxes, remuneration and social security | 45 | €7,477 | €6,041 | -€1,436 | -19.2% |
| Taxes | 450/3 | €7,477 | €6,041 | -€1,436 | -19.2% |
| Other amounts payable | 47/48 | €576,356 | €549,076 | -€27,281 | -4.7% |
| Accrued charges and deferred income | 492/3 | €239 | €0 | -€239 | -100% |
| Non-recurring operating income | 76A | €5,887 | €0 | -€5,887 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,085 | €97,437 | -€649 | -0.7% |
| Other operating charges | 640/8 | €6,024 | €5,831 | -€193 | -3.2% |
| Gross operating margin | 9900 | €152,084 | €151,612 | -€472 | -0.3% |
| Operating profit (loss) | 9901 | €47,975 | €48,345 | +€370 | +0.8% |
| Financial income | 75/76B | €25 | €98 | +€74 | +298% |
| Recurring financial income | 75 | €25 | €98 | +€74 | +298% |
| Financial charges | 65/66B | €15,489 | €13,799 | -€1,690 | -10.9% |
| Recurring financial charges | 65 | €15,489 | €13,799 | -€1,690 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €32,511 | €34,644 | +€2,134 | +6.6% |
| Income taxes | 67/77 | €2,098 | €13,735 | +€11,637 | +555% |
| Profit (loss) for the period | 9904 | €30,413 | €20,909 | -€9,504 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,413 | €20,909 | -€9,504 | -31.2% |
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 16 October 2026 via checked.be.