SSK: 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.
SSK
Largest movements
- Tangible fixed assets -€59,150
down €59,150 (-9.4%), from €630,424 to €571,273
of which Other tangible fixed assets: -€41,616
- Deferred charges and accrued income +€46,935
new in 2025: €46,935
- Receivables within one year +€8,917
up €8,917 (+44.3%), from €20,115 to €29,032
of which Trade receivables: +€18,771
- Cash +€7,511
up €7,511 (+219.2%), from €3,426 to €10,937
mainly Depreciation (+€60,871) and Net result for the year (+€25,038)
- Reserves +€25,038
up €25,038 (+20.8%), from €120,140 to €145,178
- Other debts -€21,834
down €21,834 (-2.6%), from €832,678 to €810,844
- Other operating charges -€175,799
down €175,799 (-98.8%), from €177,915 to €2,116
- Gross operating margin +€82,446
up €82,446 (+770.5%), from €10,700 to €93,145
- Depreciation -€10,834
down €10,834 (-15.1%), from €71,705 to €60,871
- Financial charges -€4,779
down €4,779 (-63.5%), from €7,526 to €2,747
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 | €657,299 | €660,905 | +€3,606 | +0.5% |
| Fixed assets | 21/28 | €633,757 | €574,001 | -€59,756 | -9.4% |
| Intangible fixed assets | 21 | €2,423 | €1,817 | -€606 | -25.0% |
| Tangible fixed assets | 22/27 | €630,424 | €571,273 | -€59,150 | -9.4% |
| Plant, machinery and equipment | 23 | €100,779 | €84,244 | -€16,535 | -16.4% |
| Furniture and vehicles | 24 | €4,000 | €3,000 | -€1,000 | -25.0% |
| Other tangible fixed assets | 26 | €525,645 | €484,029 | -€41,616 | -7.9% |
| Financial fixed assets | 28 | €910 | €910 | = | 0.0% |
| Current assets | 29/58 | €23,542 | €86,904 | +€63,362 | +269.1% |
| Amounts receivable within one year | 40/41 | €20,115 | €29,032 | +€8,917 | +44.3% |
| Trade receivables | 40 | €5,248 | €24,019 | +€18,771 | +357.7% |
| Other amounts receivable | 41 | €14,867 | €5,013 | -€9,854 | -66.3% |
| Cash at bank and in hand | 54/58 | €3,426 | €10,937 | +€7,511 | +219.2% |
| Deferred charges and accrued income | 490/1 | - | €46,935 | +€46,935 | |
| Total equity and liabilities | 10/49 | €657,299 | €660,905 | +€3,606 | +0.5% |
| Equity | 10/15 | -€264,659 | -€239,621 | +€25,038 | +9.5% |
| Contributions | 10/11 | €42,500 | €42,500 | = | 0.0% |
| Reserves | 13 | €120,140 | €145,178 | +€25,038 | +20.8% |
| Distributable reserves | 133 | €120,140 | €145,178 | +€25,038 | +20.8% |
| Profit (loss) carried forward | 14 | -€427,300 | -€427,300 | -€0 | 0.0% |
| Amounts payable | 17/49 | €921,958 | €900,526 | -€21,432 | -2.3% |
| Amounts payable within one year | 42/48 | €921,958 | €900,526 | -€21,432 | -2.3% |
| Trade debts | 44 | €70,651 | €73,963 | +€3,312 | +4.7% |
| Suppliers | 440/4 | €70,651 | €73,963 | +€3,312 | +4.7% |
| Taxes, remuneration and social security | 45 | €18,629 | €15,719 | -€2,909 | -15.6% |
| Taxes | 450/3 | €18,629 | €15,719 | -€2,909 | -15.6% |
| Other amounts payable | 47/48 | €832,678 | €810,844 | -€21,834 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,705 | €60,871 | -€10,834 | -15.1% |
| Other operating charges | 640/8 | €177,915 | €2,116 | -€175,799 | -98.8% |
| Gross operating margin | 9900 | €10,700 | €93,145 | +€82,446 | +770.5% |
| Operating profit (loss) | 9901 | -€238,920 | €30,159 | +€269,079 | |
| Financial income | 75/76B | €213 | €271 | +€58 | +27.2% |
| Recurring financial income | 75 | €213 | €271 | +€58 | +27.2% |
| Financial charges | 65/66B | €7,526 | €2,747 | -€4,779 | -63.5% |
| Recurring financial charges | 65 | €7,526 | €2,747 | -€4,779 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | -€246,233 | €27,682 | +€273,915 | |
| Income taxes | 67/77 | €2,425 | €2,645 | +€219 | +9.0% |
| Profit (loss) for the period | 9904 | -€248,658 | €25,038 | +€273,696 | |
| Profit (loss) for the period to be appropriated | 9905 | -€248,658 | €25,038 | +€273,696 |
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 6 October 2026 via checked.be.