SSW: 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.
SSW
Largest movements
- Cash -€12,835
down €12,835 (-95.4%), from €13,456 to €620
mainly Investment in fixed assets (net) (-€4,824) and Tax, wage and social debts (-€4,294)
- Receivables within one year +€3,005
up €3,005 (+45.3%), from €6,634 to €9,639
of which Trade receivables: +€4,264
- Tangible fixed assets +€2,797
up €2,797 (+107.4%), from €2,603 to €5,400
of which Plant, machinery and equipment: +€2,741
- Tax, wage and social debts -€4,294
down €4,294 (-82.3%), from €5,216 to €923
of which Taxes: -€2,253
- Other debts -€3,079
down €3,079 (-30.8%), from €10,000 to €6,921
- Trade debts +€2,380
up €2,380 (+367.8%), from €647 to €3,027
- Profit (loss) carried forward -€2,037
down €2,037 (-27.8%), from €7,317 to €5,280
- Gross operating margin -€21,920
down €21,920 (-97.5%), from €22,486 to €566
- Taxes -€2,764
down €2,764 (-87.0%), from €3,176 to €411
- Depreciation +€630
up €630 (+45.1%), from €1,397 to €2,027
- Other operating charges -€382
down €382 (-76.1%), from €502 to €120
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 | €26,181 | €19,151 | -€7,030 | -26.9% |
| Fixed assets | 21/28 | €2,603 | €5,400 | +€2,797 | +107.4% |
| Tangible fixed assets | 22/27 | €2,603 | €5,400 | +€2,797 | +107.4% |
| Plant, machinery and equipment | 23 | - | €2,741 | +€2,741 | |
| Furniture and vehicles | 24 | €2,603 | €1,270 | -€1,333 | -51.2% |
| Other tangible fixed assets | 26 | - | €1,389 | +€1,389 | |
| Current assets | 29/58 | €23,578 | €13,751 | -€9,826 | -41.7% |
| Amounts receivable within one year | 40/41 | €6,634 | €9,639 | +€3,005 | +45.3% |
| Trade receivables | 40 | €5,375 | €9,639 | +€4,264 | +79.3% |
| Other amounts receivable | 41 | €1,259 | €0 | -€1,259 | -100.0% |
| Cash at bank and in hand | 54/58 | €13,456 | €620 | -€12,835 | -95.4% |
| Deferred charges and accrued income | 490/1 | €3,488 | €3,491 | +€4 | +0.1% |
| Total equity and liabilities | 10/49 | €26,181 | €19,151 | -€7,030 | -26.9% |
| Equity | 10/15 | €10,317 | €8,280 | -€2,037 | -19.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,317 | €5,280 | -€2,037 | -27.8% |
| Amounts payable | 17/49 | €15,863 | €10,871 | -€4,993 | -31.5% |
| Amounts payable within one year | 42/48 | €15,863 | €10,871 | -€4,993 | -31.5% |
| Trade debts | 44 | €647 | €3,027 | +€2,380 | +367.8% |
| Suppliers | 440/4 | €647 | €3,027 | +€2,380 | +367.8% |
| Taxes, remuneration and social security | 45 | €5,216 | €923 | -€4,294 | -82.3% |
| Taxes | 450/3 | €3,176 | €923 | -€2,253 | -70.9% |
| Remuneration and social security | 454/9 | €2,041 | €0 | -€2,041 | -100.0% |
| Other amounts payable | 47/48 | €10,000 | €6,921 | -€3,079 | -30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,397 | €2,027 | +€630 | +45.1% |
| Other operating charges | 640/8 | €502 | €120 | -€382 | -76.1% |
| Gross operating margin | 9900 | €22,486 | €566 | -€21,920 | -97.5% |
| Operating profit (loss) | 9901 | €20,587 | -€1,581 | -€22,168 | |
| Financial income | 75/76B | €105 | €0 | -€105 | -99.8% |
| Recurring financial income | 75 | €105 | €0 | -€105 | -99.8% |
| Financial charges | 65/66B | €198 | €45 | -€153 | -77.3% |
| Recurring financial charges | 65 | €198 | €45 | -€153 | -77.3% |
| Profit (loss) for the period before taxes | 9903 | €20,493 | -€1,626 | -€22,119 | |
| Income taxes | 67/77 | €3,176 | €411 | -€2,764 | -87.0% |
| Profit (loss) for the period | 9904 | €17,317 | -€2,037 | -€19,355 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,317 | -€2,037 | -€19,355 |
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.