SSM CONSTRUCT: 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.
SSM CONSTRUCT
Largest movements
- Receivables within one year -€24,826
down €24,826 (-32.2%), from €77,126 to €52,300
- Cash +€11,560
new in 2011: €11,560
mainly Receivables within one year (+€24,826) and Depreciation (+€7,351)
- Tangible fixed assets +€10,727
up €10,727 (+376.7%), from €2,848 to €13,575
- Stocks and contracts +€4,305
new in 2011: €4,305
- Reserves +€1,860
new in 2011: €1,860
- Debts within one year -€870
down €870 (-1.1%), from €75,800 to €74,930
- Gross operating margin +€138,417
up €138,417 (+95.4%), from €145,070 to €283,487
- Depreciation +€6,026
up €6,026 (+454.8%), from €1,325 to €7,351
- Taxes +€3,229
new in 2011: €3,229
From the 2010 result to the 2011 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 2010 and 2011 balance sheets and the 2011 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2010 | 2011 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,474 | €83,240 | +€1,766 | +2.2% |
| Fixed assets | 21/28 | €4,348 | €15,075 | +€10,727 | +246.7% |
| Tangible fixed assets | 22/27 | €2,848 | €13,575 | +€10,727 | +376.7% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €77,126 | €68,165 | -€8,961 | -11.6% |
| Stocks and contracts in progress | 3 | - | €4,305 | +€4,305 | |
| Amounts receivable within one year | 40/41 | €77,126 | €52,300 | -€24,826 | -32.2% |
| Cash at bank and in hand | 54/58 | - | €11,560 | +€11,560 | |
| Total equity and liabilities | 10/49 | €81,474 | €83,240 | +€1,766 | +2.2% |
| Equity | 10/15 | €5,674 | €8,310 | +€2,636 | +46.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€526 | €250 | +€776 | |
| Amounts payable | 17/49 | €75,800 | €74,930 | -€870 | -1.1% |
| Amounts payable within one year | 42/48 | €75,800 | €74,930 | -€870 | -1.1% |
| Trade debts | 44 | €23,781 | €43,446 | +€19,665 | +82.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,325 | €7,351 | +€6,026 | +454.8% |
| Gross operating margin | 9900 | €145,070 | €283,487 | +€138,417 | +95.4% |
| Operating profit (loss) | 9901 | €27,480 | €8,070 | -€19,410 | -70.6% |
| Recurring financial income | 75 | €9 | €6 | -€3 | -33.3% |
| Recurring financial charges | 65 | €1,737 | €2,211 | +€474 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €25,752 | €5,865 | -€19,887 | -77.2% |
| Income taxes | 67/77 | - | €3,229 | +€3,229 | |
| Profit (loss) for the period | 9904 | €25,752 | €2,636 | -€23,116 | -89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,752 | €2,636 | -€23,116 | -89.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2010 and 31 December 2011. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.