SSL1: 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.
SSL1
Largest movements
- Tangible fixed assets -€52,285
down €52,285 (-36.4%), from €143,530 to €91,245
of which Other tangible fixed assets: -€30,620
- Cash +€33,768
up €33,768 (+23.0%), from €146,693 to €180,461
mainly Depreciation (+€58,559) and Tax, wage and social debts (+€17,203)
- Receivables within one year +€26,579
up €26,579 (+208.9%), from €12,726 to €39,305
of which Trade receivables: +€26,654
- Stocks and contracts -€9,112
down €9,112 (-45.6%), from €19,984 to €10,872
- Intangible fixed assets +€9,033
up €9,033 (+774.3%), from €1,167 to €10,200
- Tax, wage and social debts +€17,203
up €17,203 (+14.6%), from €117,619 to €134,822
of which Remuneration and social security: +€12,346
- Short-term financial debts -€16,745
no longer reported in 2025 (was €16,745)
- Debts after one year -€13,127
down €13,127 (-25.8%), from €50,972 to €37,845
- Profit (loss) carried forward +€9,906
up €9,906 (+8.7%), from -€114,275 to -€104,369
- Current portion of long-term debt +€9,019
up €9,019 (+63.3%), from €14,238 to €23,257
- Staff costs -€12,841
down €12,841 (-1.7%), from €772,149 to €759,308
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 | €327,051 | €339,688 | +€12,637 | +3.9% |
| Fixed assets | 21/28 | €146,417 | €103,165 | -€43,251 | -29.5% |
| Intangible fixed assets | 21 | €1,167 | €10,200 | +€9,033 | +774.3% |
| Tangible fixed assets | 22/27 | €143,530 | €91,245 | -€52,285 | -36.4% |
| Plant, machinery and equipment | 23 | €17,021 | €13,514 | -€3,508 | -20.6% |
| Furniture and vehicles | 24 | €48,893 | €30,735 | -€18,157 | -37.1% |
| Other tangible fixed assets | 26 | €77,616 | €46,996 | -€30,620 | -39.5% |
| Financial fixed assets | 28 | €1,720 | €1,720 | = | 0.0% |
| Current assets | 29/58 | €180,634 | €236,523 | +€55,889 | +30.9% |
| Stocks and contracts in progress | 3 | €19,984 | €10,872 | -€9,112 | -45.6% |
| Stocks | 30/36 | €19,984 | €10,872 | -€9,112 | -45.6% |
| Amounts receivable within one year | 40/41 | €12,726 | €39,305 | +€26,579 | +208.9% |
| Trade receivables | 40 | €12,594 | €39,248 | +€26,654 | +211.6% |
| Other amounts receivable | 41 | €132 | €57 | -€75 | -56.7% |
| Cash at bank and in hand | 54/58 | €146,693 | €180,461 | +€33,768 | +23.0% |
| Deferred charges and accrued income | 490/1 | €1,231 | €5,885 | +€4,654 | +378.0% |
| Total equity and liabilities | 10/49 | €327,051 | €339,688 | +€12,637 | +3.9% |
| Equity | 10/15 | -€14,275 | -€4,369 | +€9,906 | +69.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,275 | -€104,369 | +€9,906 | +8.7% |
| Amounts payable | 17/49 | €341,326 | €344,057 | +€2,731 | +0.8% |
| Amounts payable after more than one year | 17 | €50,972 | €37,845 | -€13,127 | -25.8% |
| Financial debts | 170/4 | €50,972 | €37,845 | -€13,127 | -25.8% |
| Amounts payable within one year | 42/48 | €290,353 | €306,211 | +€15,858 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €14,238 | €23,257 | +€9,019 | +63.3% |
| Financial debts | 43 | €16,745 | - | -€16,745 | |
| Credit institutions | 430/8 | €16,745 | - | -€16,745 | |
| Trade debts | 44 | €139,367 | €148,132 | +€8,766 | +6.3% |
| Suppliers | 440/4 | €139,367 | €148,132 | +€8,766 | +6.3% |
| Taxes, remuneration and social security | 45 | €117,619 | €134,822 | +€17,203 | +14.6% |
| Taxes | 450/3 | €12,750 | €17,607 | +€4,857 | +38.1% |
| Remuneration and social security | 454/9 | €104,869 | €117,215 | +€12,346 | +11.8% |
| Other amounts payable | 47/48 | €2,384 | - | -€2,384 | |
| Remuneration, social security and pensions | 62 | €772,149 | €759,308 | -€12,841 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,344 | €58,559 | +€2,214 | +3.9% |
| Other operating charges | 640/8 | €9,262 | €8,596 | -€666 | -7.2% |
| Non-recurring operating charges | 66A | - | €5,571 | +€5,571 | |
| Gross operating margin | 9900 | €860,486 | €859,387 | -€1,099 | -0.1% |
| Operating profit (loss) | 9901 | €22,731 | €27,353 | +€4,621 | +20.3% |
| Financial income | 75/76B | €629 | €663 | +€34 | +5.4% |
| Recurring financial income | 75 | €629 | €663 | +€34 | +5.4% |
| Financial charges | 65/66B | €17,684 | €18,109 | +€425 | +2.4% |
| Recurring financial charges | 65 | €17,684 | €18,109 | +€425 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €5,676 | €9,906 | +€4,230 | +74.5% |
| Profit (loss) for the period | 9904 | €5,676 | €9,906 | +€4,230 | +74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,676 | €9,906 | +€4,230 | +74.5% |
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 4 October 2026 via checked.be.