SSM GROUP: 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 GROUP
Largest movements
- Cash -€28,907
down €28,907 (-60.3%), from €47,900 to €18,993
mainly Investment in fixed assets (net) (-€17,500) and Net result for the year (-€7,174)
- Tangible fixed assets +€11,435
up €11,435 (+125%), from €9,143 to €20,578
- Receivables within one year +€6,992
up €6,992 (+2.5%), from €282,853 to €289,845
of which Other amounts receivable: +€32,568
- Profit (loss) carried forward -€7,174
down €7,174 (-50.6%), from €14,180 to €7,006
- Turnover -€1.2m
down €1.2m (-69.8%), from €1.7m to €505,024
- Purchases and services -€1.2m
down €1.2m (-69.1%), from €1.7m to €514,933
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €340,811 | €329,954 | -€10,857 | -3.2% |
| Fixed assets | 21/28 | €9,143 | €20,578 | +€11,435 | +125% |
| Tangible fixed assets | 22/27 | €9,143 | €20,578 | +€11,435 | +125% |
| Furniture and vehicles | 24 | €9,143 | €20,578 | +€11,435 | +125% |
| Current assets | 29/58 | €331,668 | €309,375 | -€22,293 | -6.7% |
| Amounts receivable within one year | 40/41 | €282,853 | €289,845 | +€6,992 | +2.5% |
| Trade receivables | 40 | €237,053 | €211,477 | -€25,576 | -10.8% |
| Other amounts receivable | 41 | €45,800 | €78,368 | +€32,568 | +71.1% |
| Cash at bank and in hand | 54/58 | €47,900 | €18,993 | -€28,907 | -60.3% |
| Deferred charges and accrued income | 490/1 | €914 | €537 | -€377 | -41.2% |
| Total equity and liabilities | 10/49 | €340,811 | €329,954 | -€10,857 | -3.2% |
| Equity | 10/15 | €17,180 | €10,006 | -€7,174 | -41.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,180 | €7,006 | -€7,174 | -50.6% |
| Amounts payable | 17/49 | €323,631 | €319,947 | -€3,683 | -1.1% |
| Amounts payable within one year | 42/48 | €323,631 | €319,947 | -€3,683 | -1.1% |
| Trade debts | 44 | €313,220 | €313,182 | -€37 | 0.0% |
| Suppliers | 440/4 | €313,220 | €313,182 | -€37 | 0.0% |
| Taxes, remuneration and social security | 45 | €8,683 | €5,638 | -€3,046 | -35.1% |
| Taxes | 450/3 | €8,683 | €5,638 | -€3,046 | -35.1% |
| Other amounts payable | 47/48 | €1,728 | €1,128 | -€600 | -34.7% |
| Turnover | 70 | €1,670,762 | €505,024 | -€1.2m | -69.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,665,898 | €514,933 | -€1.2m | -69.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,516 | €6,065 | +€3,549 | +141% |
| Other operating charges | 640/8 | €720 | €783 | +€63 | +8.7% |
| Non-recurring operating charges | 66A | €164 | €63 | -€101 | -61.5% |
| Gross operating margin | 9900 | €9,706 | -€502 | -€10,208 | |
| Operating profit (loss) | 9901 | €6,306 | -€7,413 | -€13,719 | |
| Financial income | 75/76B | €706 | €1,907 | +€1,202 | +170% |
| Recurring financial income | 75 | €706 | €1,907 | +€1,202 | +170% |
| Financial charges | 65/66B | €39 | €46 | +€7 | +16.7% |
| Recurring financial charges | 65 | €39 | €46 | +€7 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €6,973 | -€5,551 | -€12,524 | |
| Income taxes | 67/77 | €4,078 | €1,623 | -€2,455 | -60.2% |
| Profit (loss) for the period | 9904 | €2,894 | -€7,174 | -€10,069 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,894 | -€7,174 | -€10,069 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.