Group SK: 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.
Group SK
Largest movements
- Receivables within one year +€105,896
up €105,896 (+78.1%), from €135,567 to €241,463
of which Other amounts receivable: +€146,367
- Stocks and contracts +€10,999
up €10,999 (+38.6%), from €28,501 to €39,500
- Tangible fixed assets -€7,538
down €7,538 (-55.8%), from €13,510 to €5,972
of which Leasing and similar rights: -€8,684
- Cash -€3,931
down €3,931 (-50.4%), from €7,792 to €3,861
mainly Receivables within one year (-€105,896) and Stocks and contracts (-€10,999)
- Profit (loss) carried forward -€102,863
down €102,863, from €99,676 to -€3,187
- Reserves +€99,676
up €99,676 (+60,344%), from €165 to €99,841
of which Distributable reserves: +€99,676
- Trade debts +€90,499
up €90,499 (+119%), from €76,288 to €166,787
- Tax, wage and social debts +€18,393
up €18,393 (+309%), from €5,962 to €24,355
- Gross operating margin -€55,888
down €55,888 (-88.8%), from €62,942 to €7,054
- Staff costs -€21,000
no longer reported in 2024 (was €21,000)
- Financial income +€5,226
up €5,226 (+6,451%), from €81 to €5,307
- Other operating charges +€5,193
up €5,193 (+311%), from €1,668 to €6,861
- Taxes +€4,148
new in 2024: €4,148
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €185,370 | €290,796 | +€105,426 | +56.9% |
| Fixed assets | 21/28 | €13,510 | €5,972 | -€7,538 | -55.8% |
| Tangible fixed assets | 22/27 | €13,510 | €5,972 | -€7,538 | -55.8% |
| Furniture and vehicles | 24 | €4,826 | €5,972 | +€1,146 | +23.8% |
| Leasing and similar rights | 25 | €8,684 | - | -€8,684 | |
| Current assets | 29/58 | €171,860 | €284,824 | +€112,964 | +65.7% |
| Stocks and contracts in progress | 3 | €28,501 | €39,500 | +€10,999 | +38.6% |
| Stocks | 30/36 | €28,501 | €39,500 | +€10,999 | +38.6% |
| Amounts receivable within one year | 40/41 | €135,567 | €241,463 | +€105,896 | +78.1% |
| Trade receivables | 40 | €121,178 | €80,707 | -€40,471 | -33.4% |
| Other amounts receivable | 41 | €14,389 | €160,756 | +€146,367 | +1,017% |
| Cash at bank and in hand | 54/58 | €7,792 | €3,861 | -€3,931 | -50.4% |
| Total equity and liabilities | 10/49 | €185,370 | €290,796 | +€105,426 | +56.9% |
| Equity | 10/15 | €102,841 | €99,654 | -€3,187 | -3.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €165 | €99,841 | +€99,676 | +60,344% |
| Non-distributable reserves | 130/1 | €165 | €165 | = | 0.0% |
| Reserves not available under the articles | 1311 | €165 | €165 | = | 0.0% |
| Distributable reserves | 133 | - | €99,676 | +€99,676 | |
| Profit (loss) carried forward | 14 | €99,676 | -€3,187 | -€102,863 | |
| Amounts payable | 17/49 | €82,529 | €191,142 | +€108,614 | +132% |
| Amounts payable within one year | 42/48 | €82,529 | €191,142 | +€108,614 | +132% |
| Trade debts | 44 | €76,288 | €166,787 | +€90,499 | +119% |
| Suppliers | 440/4 | €76,288 | €166,787 | +€90,499 | +119% |
| Taxes, remuneration and social security | 45 | €5,962 | €24,355 | +€18,393 | +309% |
| Taxes | 450/3 | €5,962 | €24,355 | +€18,393 | +309% |
| Other amounts payable | 47/48 | €278 | - | -€278 | |
| Remuneration, social security and pensions | 62 | €21,000 | - | -€21,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €863 | €2,169 | +€1,306 | +151% |
| Other operating charges | 640/8 | €1,668 | €6,861 | +€5,193 | +311% |
| Gross operating margin | 9900 | €62,942 | €7,054 | -€55,888 | -88.8% |
| Operating profit (loss) | 9901 | €39,411 | -€1,976 | -€41,387 | |
| Financial income | 75/76B | €81 | €5,307 | +€5,226 | +6,451% |
| Recurring financial income | 75 | €81 | €5,307 | +€5,226 | +6,451% |
| Financial charges | 65/66B | €1,185 | €2,371 | +€1,186 | +100% |
| Recurring financial charges | 65 | €1,185 | €2,371 | +€1,186 | +100% |
| Profit (loss) for the period before taxes | 9903 | €38,307 | €961 | -€37,347 | -97.5% |
| Income taxes | 67/77 | - | €4,148 | +€4,148 | |
| Profit (loss) for the period | 9904 | €38,307 | -€3,187 | -€41,495 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,307 | -€3,187 | -€41,495 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.