Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 324

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 324
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 2023         |      |   |
| Losses carried forward                  |     |              | 654 |   |     |              | 658 |   |     |              |    — |   |     |              |    — |   |
| Tax credits                             |     |              |  20 |   |     |              |   6 |   |     |              |    — |   |     |              |    — |   |
| Intangible assets                       |     |              |  12 |   |     |              |  16 |   |     |              | (134 | ) |     |              | (110 | ) |
| Tangible assets                         |     |              |   5 |   |     |              |   5 |   |     |              |  (59 | ) |     |              |  (83 | ) |
| Trade and other receivables             |     |              |  20 |   |     |              |  17 |   |     |              |    — |   |     |              |    — |   |
| Other                                   |     |              |  18 |   |     |              |   5 |   |     |              |  (47 | ) |     |              |  (48 | ) |
| Total deferred tax assets/(liabilities) |     |              | 729 |   |     |              | 707 |   |     |              | (240 | ) |     |              | (241 | ) |
| Offset of deferred taxes                |     |              | (28 | ) |     |              | (36 | ) |     |              |   28 |   |     |              |   36 |   |
| Net deferred tax assets/(liabilities)   |     |              | 701 |   |     |              | 671 |   |     |              | (212 | ) |     |              | (205 | ) |

Deferred tax assets have been offset against deferred tax liabilities where they relate to the same tax authority and the entity concerned has a legally enforceable right to set off current tax assets against current tax liabilities. F-45

Consolidated financial statements

as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022

Losses carried forward

In 2024 the Group recognized a deferred tax asset (‘