SSM BHATTI: 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.
SSM BHATTI
Largest movements
- Tangible fixed assets +€57,697
up €57,697 (+7.7%), from €749,017 to €806,713
of which Furniture and vehicles: +€70,436
- Accrued charges and deferred income -€109,000
no longer reported in 2025 (was €109,000)
- Reserves +€78,190
up €78,190 (+44.3%), from €176,677 to €254,867
of which Distributable reserves: +€78,190
- Other debts +€74,994
up €74,994 (+190%), from €39,553 to €114,548
- Debts after one year +€39,396
up €39,396 (+8.7%), from €451,767 to €491,162
- Tax, wage and social debts +€29,957
up €29,957 (+189%), from €15,877 to €45,834
of which Taxes: +€23,224
- Gross operating margin +€95,470
up €95,470 (+45.7%), from €208,807 to €304,277
- Depreciation +€36,174
up €36,174 (+111%), from €32,504 to €68,678
- Taxes +€14,003
up €14,003 (+62.4%), from €22,451 to €36,453
- Staff costs +€11,577
up €11,577 (+37.6%), from €30,753 to €42,329
- Other operating charges -€7,215
down €7,215 (-15.1%), from €47,661 to €40,446
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 | €918,442 | €976,970 | +€58,528 | +6.4% |
| Fixed assets | 21/28 | €749,017 | €806,713 | +€57,697 | +7.7% |
| Tangible fixed assets | 22/27 | €749,017 | €806,713 | +€57,697 | +7.7% |
| Land and buildings | 22 | €733,551 | €724,893 | -€8,658 | -1.2% |
| Plant, machinery and equipment | 23 | €15,060 | €10,979 | -€4,081 | -27.1% |
| Furniture and vehicles | 24 | €406 | €70,842 | +€70,436 | +17,343% |
| Current assets | 29/58 | €169,426 | €170,257 | +€831 | +0.5% |
| Stocks and contracts in progress | 3 | €7,281 | €7,281 | = | 0.0% |
| Stocks | 30/36 | €7,281 | €7,281 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,549 | €0 | -€7,549 | -100.0% |
| Other amounts receivable | 41 | €7,549 | €0 | -€7,549 | -100.0% |
| Cash at bank and in hand | 54/58 | €154,595 | €162,976 | +€8,380 | +5.4% |
| Total equity and liabilities | 10/49 | €918,442 | €976,970 | +€58,528 | +6.4% |
| Equity | 10/15 | €195,277 | €273,467 | +€78,190 | +40.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €176,677 | €254,867 | +€78,190 | +44.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €174,817 | €253,007 | +€78,190 | +44.7% |
| Amounts payable | 17/49 | €723,165 | €703,503 | -€19,662 | -2.7% |
| Amounts payable after more than one year | 17 | €451,767 | €491,162 | +€39,396 | +8.7% |
| Financial debts | 170/4 | €451,767 | €491,162 | +€39,396 | +8.7% |
| Amounts payable within one year | 42/48 | €162,399 | €212,341 | +€49,942 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | €39,982 | €18,682 | -€21,300 | -53.3% |
| Financial debts | 43 | €30,000 | €14,411 | -€15,589 | -52.0% |
| Credit institutions | 430/8 | €30,000 | €14,411 | -€15,589 | -52.0% |
| Trade debts | 44 | €36,987 | €18,866 | -€18,121 | -49.0% |
| Suppliers | 440/4 | €36,987 | €18,866 | -€18,121 | -49.0% |
| Taxes, remuneration and social security | 45 | €15,877 | €45,834 | +€29,957 | +189% |
| Taxes | 450/3 | €6,997 | €30,221 | +€23,224 | +332% |
| Remuneration and social security | 454/9 | €8,880 | €15,613 | +€6,733 | +75.8% |
| Other amounts payable | 47/48 | €39,553 | €114,548 | +€74,994 | +190% |
| Accrued charges and deferred income | 492/3 | €109,000 | - | -€109,000 | |
| Non-recurring operating income | 76A | - | €33,500 | +€33,500 | |
| Remuneration, social security and pensions | 62 | €30,753 | €42,329 | +€11,577 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,504 | €68,678 | +€36,174 | +111% |
| Other operating charges | 640/8 | €47,661 | €40,446 | -€7,215 | -15.1% |
| Gross operating margin | 9900 | €208,807 | €304,277 | +€95,470 | +45.7% |
| Operating profit (loss) | 9901 | €97,890 | €152,824 | +€54,934 | +56.1% |
| Financial income | 75/76B | €343 | €751 | +€408 | +119% |
| Recurring financial income | 75 | €343 | €751 | +€408 | +119% |
| Financial charges | 65/66B | €25,114 | €26,392 | +€1,278 | +5.1% |
| Recurring financial charges | 65 | €25,114 | €26,392 | +€1,278 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €73,119 | €127,183 | +€54,064 | +73.9% |
| Income taxes | 67/77 | €22,451 | €36,453 | +€14,003 | +62.4% |
| Profit (loss) for the period | 9904 | €50,669 | €90,730 | +€40,061 | +79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,669 | €90,730 | +€40,061 | +79.1% |
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 29 October 2026 via checked.be.