S&K: 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.
S&K
Largest movements
- Tangible fixed assets -€9,481
down €9,481 (-51.5%), from €18,420 to €8,939
of which Furniture and vehicles: -€10,111
- Cash +€4,159
up €4,159 (+28.0%), from €14,829 to €18,988
mainly Depreciation (+€10,436) and Receivables within one year (+€3,179)
- Receivables within one year -€3,179
down €3,179 (-63.1%), from €5,038 to €1,858
of which Trade receivables: -€3,977
- Debts after one year -€5,332
down €5,332 (-17.6%), from €30,332 to €25,000
- Other debts -€3,539
no longer reported in 2025 (was €3,539)
- Trade debts +€1,000
up €1,000 (+422%), from €237 to €1,237
- Current portion of long-term debt -€686
down €686 (-11.4%), from €6,018 to €5,332
- Gross operating margin +€5,088
up €5,088 (+67.3%), from €7,557 to €12,645
- Depreciation -€4,084
down €4,084 (-28.1%), from €14,520 to €10,436
- Other operating charges -€409
down €409 (-23.1%), from €1,771 to €1,362
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 | €38,286 | €29,785 | -€8,501 | -22.2% |
| Fixed assets | 21/28 | €18,420 | €8,939 | -€9,481 | -51.5% |
| Tangible fixed assets | 22/27 | €18,420 | €8,939 | -€9,481 | -51.5% |
| Plant, machinery and equipment | 23 | €643 | €1,273 | +€630 | +98.1% |
| Furniture and vehicles | 24 | €17,777 | €7,666 | -€10,111 | -56.9% |
| Current assets | 29/58 | €19,866 | €20,846 | +€980 | +4.9% |
| Amounts receivable within one year | 40/41 | €5,038 | €1,858 | -€3,179 | -63.1% |
| Trade receivables | 40 | €5,034 | €1,057 | -€3,977 | -79.0% |
| Other amounts receivable | 41 | €4 | €802 | +€797 | +18,541% |
| Cash at bank and in hand | 54/58 | €14,829 | €18,988 | +€4,159 | +28.0% |
| Total equity and liabilities | 10/49 | €38,286 | €29,785 | -€8,501 | -22.2% |
| Equity | 10/15 | -€2,164 | -€1,784 | +€381 | +17.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,164 | -€6,784 | +€381 | +5.3% |
| Amounts payable | 17/49 | €40,451 | €31,569 | -€8,882 | -22.0% |
| Amounts payable after more than one year | 17 | €30,332 | €25,000 | -€5,332 | -17.6% |
| Financial debts | 170/4 | €30,332 | €25,000 | -€5,332 | -17.6% |
| Amounts payable within one year | 42/48 | €10,119 | €6,569 | -€3,550 | -35.1% |
| Current portion of amounts payable after more than one year | 42 | €6,018 | €5,332 | -€686 | -11.4% |
| Trade debts | 44 | €237 | €1,237 | +€1,000 | +422% |
| Suppliers | 440/4 | €237 | €1,237 | +€1,000 | +422% |
| Taxes, remuneration and social security | 45 | €326 | - | -€326 | |
| Taxes | 450/3 | €326 | - | -€326 | |
| Other amounts payable | 47/48 | €3,539 | - | -€3,539 | |
| Non-recurring operating income | 76A | - | €2,689 | +€2,689 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,520 | €10,436 | -€4,084 | -28.1% |
| Other operating charges | 640/8 | €1,771 | €1,362 | -€409 | -23.1% |
| Gross operating margin | 9900 | €7,557 | €12,645 | +€5,088 | +67.3% |
| Operating profit (loss) | 9901 | -€8,734 | €847 | +€9,581 | |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €445 | €466 | +€21 | +4.6% |
| Recurring financial charges | 65 | €445 | €466 | +€21 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,166 | €381 | +€9,546 | |
| Profit (loss) for the period | 9904 | -€9,166 | €381 | +€9,546 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,166 | €381 | +€9,546 |
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 14 October 2026 via checked.be.