SSW DHZ: 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.
SSW DHZ
Largest movements
- Tangible fixed assets -€21,932
down €21,932 (-60.1%), from €36,468 to €14,536
of which Furniture and vehicles: -€29,620
- Cash -€10,447
down €10,447 (-25.3%), from €41,246 to €30,799
mainly Net result for the year (-€124,089) and Current portion of long-term debt (-€33,028)
- Receivables within one year -€8,757
down €8,757 (-29.9%), from €29,247 to €20,489
of which Trade receivables: -€9,569
- Other debts +€162,977
up €162,977 (+9.1%), from €1.8m to €2.0m
- Profit (loss) carried forward -€124,089
down €124,089 (-8.1%), from -€1.5m to -€1.7m
- Current portion of long-term debt -€33,028
down €33,028 (-75.0%), from €44,037 to €11,009
- Short-term financial debts -€20,945
down €20,945 (-9.3%), from €225,000 to €204,055
- Debts after one year -€11,009
no longer reported in 2025 (was €11,009)
- Staff costs -€24,773
down €24,773 (-10.6%), from €233,244 to €208,471
- Other operating charges -€21,871
down €21,871 (-37.9%), from €57,696 to €35,825
- Financial income +€4,034
up €4,034 (+6,448%), from €63 to €4,097
- Depreciation -€2,799
down €2,799 (-7.3%), from €38,245 to €35,446
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 | €808,552 | €766,121 | -€42,431 | -5.2% |
| Fixed assets | 21/28 | €36,468 | €14,536 | -€21,932 | -60.1% |
| Tangible fixed assets | 22/27 | €36,468 | €14,536 | -€21,932 | -60.1% |
| Plant, machinery and equipment | 23 | €629 | €8,317 | +€7,688 | +1,222% |
| Furniture and vehicles | 24 | €35,839 | €6,219 | -€29,620 | -82.6% |
| Current assets | 29/58 | €772,084 | €751,584 | -€20,500 | -2.7% |
| Stocks and contracts in progress | 3 | €700,603 | €700,296 | -€306 | 0.0% |
| Stocks | 30/36 | €700,603 | €700,296 | -€306 | 0.0% |
| Amounts receivable within one year | 40/41 | €29,247 | €20,489 | -€8,757 | -29.9% |
| Trade receivables | 40 | €22,668 | €13,099 | -€9,569 | -42.2% |
| Other amounts receivable | 41 | €6,579 | €7,391 | +€812 | +12.3% |
| Cash at bank and in hand | 54/58 | €41,246 | €30,799 | -€10,447 | -25.3% |
| Deferred charges and accrued income | 490/1 | €989 | - | -€989 | |
| Total equity and liabilities | 10/49 | €808,552 | €766,121 | -€42,431 | -5.2% |
| Equity | 10/15 | -€1,416,023 | -€1,540,112 | -€124,089 | -8.8% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,541,023 | -€1,665,112 | -€124,089 | -8.1% |
| Amounts payable | 17/49 | €2,224,575 | €2,306,233 | +€81,658 | +3.7% |
| Amounts payable after more than one year | 17 | €11,009 | - | -€11,009 | |
| Financial debts | 170/4 | €11,009 | - | -€11,009 | |
| Amounts payable within one year | 42/48 | €2,209,028 | €2,302,050 | +€93,022 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €44,037 | €11,009 | -€33,028 | -75.0% |
| Financial debts | 43 | €225,000 | €204,055 | -€20,945 | -9.3% |
| Credit institutions | 430/8 | €225,000 | €204,055 | -€20,945 | -9.3% |
| Trade debts | 44 | €88,283 | €80,789 | -€7,495 | -8.5% |
| Suppliers | 440/4 | €88,283 | €80,789 | -€7,495 | -8.5% |
| Advances received on contracts in progress | 46 | €4,787 | €2,788 | -€2,000 | -41.8% |
| Taxes, remuneration and social security | 45 | €49,980 | €43,492 | -€6,487 | -13.0% |
| Taxes | 450/3 | €9,239 | €8,728 | -€511 | -5.5% |
| Remuneration and social security | 454/9 | €40,741 | €34,764 | -€5,977 | -14.7% |
| Other amounts payable | 47/48 | €1,796,941 | €1,959,918 | +€162,977 | +9.1% |
| Accrued charges and deferred income | 492/3 | €4,538 | €4,183 | -€355 | -7.8% |
| Non-recurring operating income | 76A | - | €43,750 | +€43,750 | |
| Remuneration, social security and pensions | 62 | €233,244 | €208,471 | -€24,773 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,245 | €35,446 | -€2,799 | -7.3% |
| Other operating charges | 640/8 | €57,696 | €35,825 | -€21,871 | -37.9% |
| Gross operating margin | 9900 | €169,948 | €170,819 | +€871 | +0.5% |
| Operating profit (loss) | 9901 | -€159,237 | -€108,923 | +€50,314 | +31.6% |
| Financial income | 75/76B | €63 | €4,097 | +€4,034 | +6,448% |
| Recurring financial income | 75 | €63 | €4,097 | +€4,034 | +6,448% |
| Financial charges | 65/66B | €19,189 | €19,263 | +€74 | +0.4% |
| Recurring financial charges | 65 | €19,189 | €19,263 | +€74 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€178,364 | -€124,089 | +€54,275 | +30.4% |
| Profit (loss) for the period | 9904 | -€178,364 | -€124,089 | +€54,275 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€178,364 | -€124,089 | +€54,275 | +30.4% |
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 22 October 2026 via checked.be.