SSN Management: 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.
SSN Management
Largest movements
- Cash +€83,622
up €83,622 (+124%), from €67,225 to €150,847
mainly Other debts (+€107,711) and Net result for the year (+€99,518)
- Receivables within one year +€13,202
up €13,202 (+22.3%), from €59,155 to €72,357
of which Trade receivables: +€13,115
- Tangible fixed assets +€9,265
up €9,265 (+268%), from €3,458 to €12,723
of which Other tangible fixed assets: +€10,399
- Other debts +€107,711
up €107,711 (+15,958%), from €675 to €108,386
- Profit (loss) carried forward -€19,857
no longer reported in 2025 (was €19,857)
- Tax, wage and social debts +€15,601
up €15,601 (+69.1%), from €22,565 to €38,166
- Trade debts +€4,577
up €4,577 (+297%), from €1,539 to €6,116
- Gross operating margin +€24,057
up €24,057 (+22.7%), from €105,848 to €129,905
- Taxes +€6,118
up €6,118 (+28.0%), from €21,839 to €27,957
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 | €214,677 | €320,754 | +€106,077 | +49.4% |
| Fixed assets | 21/28 | €87,113 | €96,378 | +€9,265 | +10.6% |
| Tangible fixed assets | 22/27 | €3,458 | €12,723 | +€9,265 | +268% |
| Furniture and vehicles | 24 | €3,458 | €2,324 | -€1,134 | -32.8% |
| Other tangible fixed assets | 26 | - | €10,399 | +€10,399 | |
| Financial fixed assets | 28 | €83,655 | €83,655 | = | 0.0% |
| Current assets | 29/58 | €127,564 | €224,375 | +€96,812 | +75.9% |
| Amounts receivable within one year | 40/41 | €59,155 | €72,357 | +€13,202 | +22.3% |
| Trade receivables | 40 | €58,671 | €71,786 | +€13,115 | +22.4% |
| Other amounts receivable | 41 | €484 | €571 | +€87 | +18.0% |
| Cash at bank and in hand | 54/58 | €67,225 | €150,847 | +€83,622 | +124% |
| Deferred charges and accrued income | 490/1 | €1,183 | €1,171 | -€12 | -1.0% |
| Total equity and liabilities | 10/49 | €214,677 | €320,754 | +€106,077 | +49.4% |
| Equity | 10/15 | €189,857 | €168,000 | -€21,857 | -11.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €165,000 | €163,000 | -€2,000 | -1.2% |
| Distributable reserves | 133 | €165,000 | €163,000 | -€2,000 | -1.2% |
| Profit (loss) carried forward | 14 | €19,857 | - | -€19,857 | |
| Amounts payable | 17/49 | €24,819 | €152,754 | +€127,934 | +515% |
| Amounts payable within one year | 42/48 | €24,779 | €152,667 | +€127,889 | +516% |
| Trade debts | 44 | €1,539 | €6,116 | +€4,577 | +297% |
| Suppliers | 440/4 | €1,539 | €6,116 | +€4,577 | +297% |
| Taxes, remuneration and social security | 45 | €22,565 | €38,166 | +€15,601 | +69.1% |
| Taxes | 450/3 | €22,565 | €38,166 | +€15,601 | +69.1% |
| Other amounts payable | 47/48 | €675 | €108,386 | +€107,711 | +15,958% |
| Accrued charges and deferred income | 492/3 | €41 | €86 | +€46 | +113% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,134 | €1,163 | +€29 | +2.5% |
| Other operating charges | 640/8 | €613 | €832 | +€219 | +35.7% |
| Gross operating margin | 9900 | €105,848 | €129,905 | +€24,057 | +22.7% |
| Operating profit (loss) | 9901 | €104,101 | €127,911 | +€23,810 | +22.9% |
| Financial income | 75/76B | €557 | €931 | +€374 | +67.2% |
| Recurring financial income | 75 | €557 | €931 | +€374 | +67.2% |
| Financial charges | 65/66B | €1,671 | €1,367 | -€304 | -18.2% |
| Recurring financial charges | 65 | €1,671 | €1,367 | -€304 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €102,987 | €127,475 | +€24,488 | +23.8% |
| Income taxes | 67/77 | €21,839 | €27,957 | +€6,118 | +28.0% |
| Profit (loss) for the period | 9904 | €81,148 | €99,518 | +€18,369 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €81,148 | €99,518 | +€18,369 | +22.6% |
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 26 October 2026 via checked.be.