SSS: 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.
SSS
Largest movements
- Tangible fixed assets +€581,133
up €581,133 (+26.8%), from €2.2m to €2.7m
of which Land and buildings: +€583,011
- Receivables within one year -€45,881
down €45,881 (-55.2%), from €83,046 to €37,165
of which Trade receivables: -€64,903
- Cash +€36,882
up €36,882 (+199.8%), from €18,461 to €55,343
mainly Other debts (+€440,377) and Debts after one year (+€203,313)
- Other debts +€440,377
up €440,377 (+71.4%), from €616,837 to €1.1m
- Debts after one year +€203,313
up €203,313 (+19.9%), from €1.0m to €1.2m
- Trade debts -€54,640
down €54,640 (-84.7%), from €64,512 to €9,872
- Profit (loss) carried forward -€34,521
down €34,521 (-70.1%), from -€49,264 to -€83,785
- Depreciation +€91,535
up €91,535 (+194.5%), from €47,055 to €138,590
- Gross operating margin +€55,023
up €55,023 (+62.8%), from €87,573 to €142,596
- Financial charges +€10,225
up €10,225 (+46.6%), from €21,945 to €32,171
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 | €2,268,128 | €2,842,985 | +€574,858 | +25.3% |
| Fixed assets | 21/28 | €2,165,973 | €2,747,106 | +€581,133 | +26.8% |
| Tangible fixed assets | 22/27 | €2,165,973 | €2,747,106 | +€581,133 | +26.8% |
| Land and buildings | 22 | €2,106,061 | €2,689,072 | +€583,011 | +27.7% |
| Furniture and vehicles | 24 | €59,912 | €47,916 | -€11,996 | -20.0% |
| Other tangible fixed assets | 26 | - | €10,118 | +€10,118 | |
| Current assets | 29/58 | €102,155 | €95,879 | -€6,275 | -6.1% |
| Amounts receivable within one year | 40/41 | €83,046 | €37,165 | -€45,881 | -55.2% |
| Trade receivables | 40 | €83,046 | €18,144 | -€64,903 | -78.2% |
| Other amounts receivable | 41 | €0 | €19,022 | +€19,022 | |
| Cash at bank and in hand | 54/58 | €18,461 | €55,343 | +€36,882 | +199.8% |
| Deferred charges and accrued income | 490/1 | €648 | €3,371 | +€2,723 | +420.3% |
| Total equity and liabilities | 10/49 | €2,268,128 | €2,842,985 | +€574,858 | +25.3% |
| Equity | 10/15 | €463,136 | €428,615 | -€34,521 | -7.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,264 | -€83,785 | -€34,521 | -70.1% |
| Amounts payable | 17/49 | €1,804,992 | €2,414,371 | +€609,379 | +33.8% |
| Amounts payable after more than one year | 17 | €1,021,405 | €1,224,718 | +€203,313 | +19.9% |
| Financial debts | 170/4 | €1,021,405 | €1,224,718 | +€203,313 | +19.9% |
| Amounts payable within one year | 42/48 | €783,587 | €1,189,653 | +€406,066 | +51.8% |
| Current portion of amounts payable after more than one year | 42 | €76,674 | €88,388 | +€11,715 | +15.3% |
| Trade debts | 44 | €64,512 | €9,872 | -€54,640 | -84.7% |
| Suppliers | 440/4 | €64,512 | €9,872 | -€54,640 | -84.7% |
| Advances received on contracts in progress | 46 | €21,175 | €21,954 | +€779 | +3.7% |
| Taxes, remuneration and social security | 45 | €4,389 | €12,225 | +€7,835 | +178.5% |
| Taxes | 450/3 | €4,389 | €12,225 | +€7,835 | +178.5% |
| Other amounts payable | 47/48 | €616,837 | €1,057,214 | +€440,377 | +71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,055 | €138,590 | +€91,535 | +194.5% |
| Other operating charges | 640/8 | €5,466 | €6,115 | +€650 | +11.9% |
| Gross operating margin | 9900 | €87,573 | €142,596 | +€55,023 | +62.8% |
| Operating profit (loss) | 9901 | €35,052 | -€2,109 | -€37,162 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €21,945 | €32,171 | +€10,225 | +46.6% |
| Recurring financial charges | 65 | €21,945 | €32,171 | +€10,225 | +46.6% |
| Profit (loss) for the period before taxes | 9903 | €13,107 | -€34,279 | -€47,386 | |
| Income taxes | 67/77 | - | €242 | +€242 | |
| Profit (loss) for the period | 9904 | €13,107 | -€34,521 | -€47,628 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,107 | -€34,521 | -€47,628 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.