RED SKILLS: 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.
RED SKILLS
Largest movements
- Receivables within one year +€30,020
up €30,020 (+98.3%), from €30,550 to €60,569
of which Other amounts receivable: +€21,660
- Tangible fixed assets -€9,783
down €9,783 (-77.3%), from €12,649 to €2,866
of which Plant, machinery and equipment: -€9,783
- Advances received +€13,750
up €13,750 (+72.7%), from €18,905 to €32,655
- Profit (loss) carried forward +€13,241
up €13,241 (+10.9%), from -€120,938 to -€107,697
- Trade debts -€4,606
down €4,606 (-85.3%), from €5,399 to €793
- Other debts -€2,321
down €2,321 (-1.9%), from €121,539 to €119,218
- Gross operating margin +€26,162
up €26,162, from -€2,239 to €23,923
- Other operating charges +€387
new in 2025: €387
- Financial charges +€362
up €362 (+241%), from €150 to €512
of which Financial charges: +€362
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 | €43,505 | €63,569 | +€20,063 | +46.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €12,649 | €2,866 | -€9,783 | -77.3% |
| Tangible fixed assets | 22/27 | €12,649 | €2,866 | -€9,783 | -77.3% |
| Plant, machinery and equipment | 23 | €12,649 | €2,866 | -€9,783 | -77.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €30,856 | €60,703 | +€29,847 | +96.7% |
| Amounts receivable within one year | 40/41 | €30,550 | €60,569 | +€30,020 | +98.3% |
| Trade receivables | 40 | €19,386 | €27,745 | +€8,359 | +43.1% |
| Other amounts receivable | 41 | €11,164 | €32,824 | +€21,660 | +194% |
| Cash at bank and in hand | 54/58 | €306 | €133 | -€173 | -56.4% |
| Total equity and liabilities | 10/49 | €43,505 | €63,569 | +€20,063 | +46.1% |
| Equity | 10/15 | -€102,338 | -€89,097 | +€13,241 | +12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,938 | -€107,697 | +€13,241 | +10.9% |
| Amounts payable | 17/49 | €145,843 | €152,665 | +€6,823 | +4.7% |
| Amounts payable within one year | 42/48 | €145,843 | €152,665 | +€6,823 | +4.7% |
| Trade debts | 44 | €5,399 | €793 | -€4,606 | -85.3% |
| Suppliers | 440/4 | €5,399 | €793 | -€4,606 | -85.3% |
| Advances received on contracts in progress | 46 | €18,905 | €32,655 | +€13,750 | +72.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €121,539 | €119,218 | -€2,321 | -1.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,597 | €9,783 | +€186 | +1.9% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€2,239 | €23,923 | +€26,162 | |
| Operating profit (loss) | 9901 | -€11,836 | €13,753 | +€25,589 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €150 | €512 | +€362 | +241% |
| Recurring financial charges | 65 | €150 | €512 | +€362 | +241% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€11,986 | €13,241 | +€25,227 | |
| Profit (loss) for the period | 9904 | -€11,986 | €13,241 | +€25,227 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,986 | €13,241 | +€25,227 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.