SSL INNOTEQ: 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.
SSL INNOTEQ
Largest movements
- Cash +€75,639
up €75,639 (+10.8%), from €697,469 to €773,107
mainly Net result for the year (+€237,491) and Accrued charges and deferred income (+€26,272)
- Receivables within one year -€25,080
down €25,080 (-11.0%), from €227,308 to €202,228
of which Trade receivables: -€25,333
- Deferred charges and accrued income +€23,609
up €23,609 (+1,840%), from €1,283 to €24,892
- Stocks and contracts +€13,373
up €13,373 (+13.3%), from €100,603 to €113,976
- Reserves +€207,749
up €207,749 (+27.3%), from €762,323 to €970,072
- Tax, wage and social debts -€58,763
down €58,763 (-50.9%), from €115,560 to €56,797
of which Taxes: -€54,481
- Debts after one year -€43,000
down €43,000 (-100%), from €43,000 to €0
of which Financial debts: -€43,000
- Trade debts -€39,664
down €39,664 (-71.9%), from €55,152 to €15,488
- Accrued charges and deferred income +€26,272
new in 2025: €26,272
- Gross operating margin -€165,840
down €165,840 (-34.4%), from €481,563 to €315,723
- Taxes -€75,311
down €75,311 (-50.3%), from €149,684 to €74,373
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 | €1,030,296 | €1,118,754 | +€88,458 | +8.6% |
| Fixed assets | 21/28 | €3,633 | €4,551 | +€918 | +25.3% |
| Tangible fixed assets | 22/27 | €833 | €1,751 | +€918 | +110% |
| Plant, machinery and equipment | 23 | - | €1,276 | +€1,276 | |
| Furniture and vehicles | 24 | €833 | €475 | -€358 | -43.0% |
| Financial fixed assets | 28 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €1,026,663 | €1,114,203 | +€87,540 | +8.5% |
| Stocks and contracts in progress | 3 | €100,603 | €113,976 | +€13,373 | +13.3% |
| Stocks | 30/36 | €100,603 | €113,976 | +€13,373 | +13.3% |
| Amounts receivable within one year | 40/41 | €227,308 | €202,228 | -€25,080 | -11.0% |
| Trade receivables | 40 | €227,308 | €201,976 | -€25,333 | -11.1% |
| Other amounts receivable | 41 | - | €252 | +€252 | |
| Cash at bank and in hand | 54/58 | €697,469 | €773,107 | +€75,639 | +10.8% |
| Deferred charges and accrued income | 490/1 | €1,283 | €24,892 | +€23,609 | +1,840% |
| Total equity and liabilities | 10/49 | €1,030,296 | €1,118,754 | +€88,458 | +8.6% |
| Equity | 10/15 | €768,623 | €976,372 | +€207,749 | +27.0% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €762,323 | €970,072 | +€207,749 | +27.3% |
| Distributable reserves | 133 | €762,323 | €970,072 | +€207,749 | +27.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €261,673 | €142,382 | -€119,291 | -45.6% |
| Amounts payable after more than one year | 17 | €43,000 | €0 | -€43,000 | -100% |
| Financial debts | 170/4 | €43,000 | - | -€43,000 | |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €218,673 | €116,110 | -€102,563 | -46.9% |
| Current portion of amounts payable after more than one year | 42 | €12,500 | €12,500 | = | 0.0% |
| Trade debts | 44 | €55,152 | €15,488 | -€39,664 | -71.9% |
| Suppliers | 440/4 | €55,152 | €15,488 | -€39,664 | -71.9% |
| Taxes, remuneration and social security | 45 | €115,560 | €56,797 | -€58,763 | -50.9% |
| Taxes | 450/3 | €111,278 | €56,797 | -€54,481 | -49.0% |
| Remuneration and social security | 454/9 | €4,282 | €0 | -€4,282 | -100% |
| Other amounts payable | 47/48 | €35,461 | €31,325 | -€4,137 | -11.7% |
| Accrued charges and deferred income | 492/3 | - | €26,272 | +€26,272 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241 | €482 | +€241 | +100% |
| Other operating charges | 640/8 | €1,691 | €549 | -€1,142 | -67.5% |
| Non-recurring operating charges | 66A | - | €236 | +€236 | |
| Gross operating margin | 9900 | €481,563 | €315,723 | -€165,840 | -34.4% |
| Operating profit (loss) | 9901 | €479,631 | €314,456 | -€165,175 | -34.4% |
| Financial income | 75/76B | €70 | €1 | -€69 | -98.4% |
| Recurring financial income | 75 | €70 | €1 | -€69 | -98.4% |
| Financial charges | 65/66B | €4,739 | €2,592 | -€2,146 | -45.3% |
| Recurring financial charges | 65 | €4,739 | €2,592 | -€2,146 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €474,963 | €311,865 | -€163,098 | -34.3% |
| Income taxes | 67/77 | €149,684 | €74,373 | -€75,311 | -50.3% |
| Profit (loss) for the period | 9904 | €325,278 | €237,491 | -€87,787 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €325,278 | €237,491 | -€87,787 | -27.0% |
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 15 October 2026 via checked.be.