SSN1: 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.
SSN1
Largest movements
- Cash +€88,682
up €88,682 (+84.7%), from €104,671 to €193,353
mainly Depreciation (+€57,825) and Receivables within one year (+€46,368)
- Tangible fixed assets -€51,245
down €51,245 (-34.8%), from €147,201 to €95,956
of which Other tangible fixed assets: -€33,865
- Receivables within one year -€46,368
down €46,368 (-58.9%), from €78,787 to €32,419
of which Other amounts receivable: -€43,212
- Stocks and contracts -€5,152
down €5,152 (-32.6%), from €15,797 to €10,645
- Trade debts -€23,603
down €23,603 (-20.4%), from €115,732 to €92,129
- Profit (loss) carried forward +€22,400
up €22,400, from -€9,298 to €13,102
- Tax, wage and social debts +€12,596
up €12,596 (+12.6%), from €99,867 to €112,464
of which Remuneration and social security: +€14,541
- Current portion of long-term debt -€10,800
down €10,800 (-41.1%), from €26,292 to €15,493
- Short-term financial debts -€10,313
no longer reported in 2025 (was €10,313)
- Gross operating margin -€53,494
down €53,494 (-6.3%), from €845,852 to €792,358
- Write-downs +€40,919
new in 2025: €40,919
- Staff costs -€11,620
down €11,620 (-1.8%), from €658,660 to €647,039
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 | €364,236 | €349,023 | -€15,213 | -4.2% |
| Fixed assets | 21/28 | €163,839 | €110,094 | -€53,745 | -32.8% |
| Intangible fixed assets | 21 | €16,300 | €13,600 | -€2,700 | -16.6% |
| Tangible fixed assets | 22/27 | €147,201 | €95,956 | -€51,245 | -34.8% |
| Plant, machinery and equipment | 23 | €15,217 | €10,668 | -€4,549 | -29.9% |
| Furniture and vehicles | 24 | €42,191 | €29,360 | -€12,831 | -30.4% |
| Other tangible fixed assets | 26 | €89,793 | €55,928 | -€33,865 | -37.7% |
| Financial fixed assets | 28 | €338 | €538 | +€200 | +59.2% |
| Current assets | 29/58 | €200,396 | €238,928 | +€38,532 | +19.2% |
| Stocks and contracts in progress | 3 | €15,797 | €10,645 | -€5,152 | -32.6% |
| Stocks | 30/36 | €15,797 | €10,645 | -€5,152 | -32.6% |
| Amounts receivable within one year | 40/41 | €78,787 | €32,419 | -€46,368 | -58.9% |
| Trade receivables | 40 | €34,722 | €31,566 | -€3,156 | -9.1% |
| Other amounts receivable | 41 | €44,065 | €853 | -€43,212 | -98.1% |
| Cash at bank and in hand | 54/58 | €104,671 | €193,353 | +€88,682 | +84.7% |
| Deferred charges and accrued income | 490/1 | €1,143 | €2,512 | +€1,370 | +119.9% |
| Total equity and liabilities | 10/49 | €364,236 | €349,023 | -€15,213 | -4.2% |
| Equity | 10/15 | €90,702 | €113,102 | +€22,400 | +24.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,298 | €13,102 | +€22,400 | |
| Amounts payable | 17/49 | €273,534 | €235,921 | -€37,613 | -13.8% |
| Amounts payable after more than one year | 17 | €21,329 | €15,836 | -€5,493 | -25.8% |
| Financial debts | 170/4 | €21,329 | €15,836 | -€5,493 | -25.8% |
| Amounts payable within one year | 42/48 | €252,205 | €220,085 | -€32,120 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €26,292 | €15,493 | -€10,800 | -41.1% |
| Financial debts | 43 | €10,313 | - | -€10,313 | |
| Credit institutions | 430/8 | €10,313 | - | -€10,313 | |
| Trade debts | 44 | €115,732 | €92,129 | -€23,603 | -20.4% |
| Suppliers | 440/4 | €115,732 | €92,129 | -€23,603 | -20.4% |
| Taxes, remuneration and social security | 45 | €99,867 | €112,464 | +€12,596 | +12.6% |
| Taxes | 450/3 | €15,339 | €13,394 | -€1,945 | -12.7% |
| Remuneration and social security | 454/9 | €84,529 | €99,070 | +€14,541 | +17.2% |
| Remuneration, social security and pensions | 62 | €658,660 | €647,039 | -€11,620 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,837 | €57,825 | -€12 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €40,919 | +€40,919 | |
| Other operating charges | 640/8 | €9,194 | €8,274 | -€920 | -10.0% |
| Gross operating margin | 9900 | €845,852 | €792,358 | -€53,494 | -6.3% |
| Operating profit (loss) | 9901 | €120,161 | €38,301 | -€81,860 | -68.1% |
| Financial income | 75/76B | €579 | €469 | -€110 | -19.1% |
| Recurring financial income | 75 | €579 | €469 | -€110 | -19.1% |
| Financial charges | 65/66B | €17,132 | €16,370 | -€761 | -4.4% |
| Recurring financial charges | 65 | €17,132 | €16,370 | -€761 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €103,609 | €22,400 | -€81,209 | -78.4% |
| Profit (loss) for the period | 9904 | €103,609 | €22,400 | -€81,209 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €103,609 | €22,400 | -€81,209 | -78.4% |
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 10 October 2026 via checked.be.