SST WINDOWS: 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.
SST WINDOWS
Largest movements
- Cash +€37,925
up €37,925 (+15.3%), from €248,385 to €286,309
mainly Trade debts (+€29,594) and Net result for the year (+€12,885)
- Receivables within one year +€8,509
up €8,509 (+62.5%), from €13,622 to €22,131
of which Other amounts receivable: +€11,999
- Trade debts +€29,594
up €29,594 (+162.6%), from €18,199 to €47,793
- Reserves +€12,885
up €12,885 (+9.6%), from €133,873 to €146,759
of which Distributable reserves: +€12,885
- Tax, wage and social debts +€6,067
new in 2025: €6,067
- Gross operating margin -€27,155
down €27,155 (-59.9%), from €45,316 to €18,161
- Taxes -€8,713
down €8,713 (-57.6%), from €15,129 to €6,416
- Financial income -€1,871
down €1,871 (-50.1%), from €3,736 to €1,865
- Depreciation -€776
down €776 (-78.3%), from €990 to €215
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 | €262,771 | €309,013 | +€46,242 | +17.6% |
| Fixed assets | 21/28 | €215 | €0 | -€215 | -100.0% |
| Tangible fixed assets | 22/27 | €215 | €0 | -€215 | -100.0% |
| Furniture and vehicles | 24 | €215 | €0 | -€215 | -100.0% |
| Current assets | 29/58 | €262,556 | €309,013 | +€46,457 | +17.7% |
| Amounts receivable within one year | 40/41 | €13,622 | €22,131 | +€8,509 | +62.5% |
| Trade receivables | 40 | €4,389 | €898 | -€3,490 | -79.5% |
| Other amounts receivable | 41 | €9,234 | €21,233 | +€11,999 | +130.0% |
| Cash at bank and in hand | 54/58 | €248,385 | €286,309 | +€37,925 | +15.3% |
| Deferred charges and accrued income | 490/1 | €549 | €572 | +€23 | +4.2% |
| Total equity and liabilities | 10/49 | €262,771 | €309,013 | +€46,242 | +17.6% |
| Equity | 10/15 | €242,078 | €253,297 | +€11,219 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €133,873 | €146,759 | +€12,885 | +9.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €132,013 | €144,899 | +€12,885 | +9.8% |
| Profit (loss) carried forward | 14 | €89,604 | €87,938 | -€1,666 | -1.9% |
| Amounts payable | 17/49 | €20,693 | €55,716 | +€35,023 | +169.2% |
| Amounts payable within one year | 42/48 | €20,555 | €55,716 | +€35,161 | +171.1% |
| Trade debts | 44 | €18,199 | €47,793 | +€29,594 | +162.6% |
| Suppliers | 440/4 | €18,199 | €47,793 | +€29,594 | +162.6% |
| Taxes, remuneration and social security | 45 | - | €6,067 | +€6,067 | |
| Taxes | 450/3 | - | €6,067 | +€6,067 | |
| Other amounts payable | 47/48 | €2,356 | €1,856 | -€500 | -21.2% |
| Accrued charges and deferred income | 492/3 | €138 | €0 | -€138 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €990 | €215 | -€776 | -78.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €45,316 | €18,161 | -€27,155 | -59.9% |
| Operating profit (loss) | 9901 | €43,939 | €17,547 | -€26,392 | -60.1% |
| Financial income | 75/76B | €3,736 | €1,865 | -€1,871 | -50.1% |
| Recurring financial income | 75 | €3,736 | €1,865 | -€1,871 | -50.1% |
| Financial charges | 65/66B | €126 | €110 | -€15 | -12.2% |
| Recurring financial charges | 65 | €126 | €110 | -€15 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €47,549 | €19,301 | -€28,248 | -59.4% |
| Income taxes | 67/77 | €15,129 | €6,416 | -€8,713 | -57.6% |
| Profit (loss) for the period | 9904 | €32,420 | €12,885 | -€19,535 | -60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,420 | €12,885 | -€19,535 | -60.3% |
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 3 October 2026 via checked.be.