S.K. CONSTRUCTION: 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. CONSTRUCTION
Largest movements
- Cash +€57,392
up €57,392 (+293%), from €19,558 to €76,950
mainly Trade debts (+€44,457) and Net result for the year (+€25,683)
- Tangible fixed assets -€21,992
down €21,992 (-86.5%), from €25,431 to €3,439
of which Furniture and vehicles: -€21,705
- Receivables within one year +€14,230
up €14,230 (+71.0%), from €20,038 to €34,268
of which Trade receivables: +€12,489
- Deferred charges and accrued income +€3,251
up €3,251 (+161%), from €2,024 to €5,275
- Trade debts +€44,457
up €44,457 (+4,190%), from €1,061 to €45,518
- Other debts +€15,000
new in 2025: €15,000
- Debts after one year -€13,285
no longer reported in 2025 (was €13,285)
- Profit (loss) carried forward +€10,683
up €10,683 (+35.4%), from €30,152 to €40,835
- Current portion of long-term debt -€5,403
no longer reported in 2025 (was €5,403)
- Gross operating margin +€57,646
up €57,646 (+405%), from €14,229 to €71,875
- Staff costs +€35,889
up €35,889 (+1,486%), from €2,415 to €38,304
- Depreciation -€2,898
down €2,898 (-44.2%), from €6,557 to €3,659
- Taxes -€1,737
down €1,737 (-78.1%), from €2,223 to €486
- Other operating charges +€1,302
up €1,302 (+73.4%), from €1,775 to €3,077
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 | €67,051 | €119,932 | +€52,881 | +78.9% |
| Fixed assets | 21/28 | €25,431 | €3,439 | -€21,992 | -86.5% |
| Tangible fixed assets | 22/27 | €25,431 | €3,439 | -€21,992 | -86.5% |
| Plant, machinery and equipment | 23 | €349 | €62 | -€287 | -82.2% |
| Furniture and vehicles | 24 | €25,082 | €3,377 | -€21,705 | -86.5% |
| Current assets | 29/58 | €41,620 | €116,493 | +€74,873 | +180% |
| Amounts receivable within one year | 40/41 | €20,038 | €34,268 | +€14,230 | +71.0% |
| Trade receivables | 40 | €12,038 | €24,527 | +€12,489 | +104% |
| Other amounts receivable | 41 | €8,000 | €9,741 | +€1,741 | +21.8% |
| Cash at bank and in hand | 54/58 | €19,558 | €76,950 | +€57,392 | +293% |
| Deferred charges and accrued income | 490/1 | €2,024 | €5,275 | +€3,251 | +161% |
| Total equity and liabilities | 10/49 | €67,051 | €119,932 | +€52,881 | +78.9% |
| Equity | 10/15 | €38,332 | €49,015 | +€10,683 | +27.9% |
| Contributions | 10/11 | €6,320 | €8,180 | +€1,860 | +29.4% |
| Capital | 10 | €6,320 | - | -€6,320 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,280 | - | -€12,280 | |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €30,152 | €40,835 | +€10,683 | +35.4% |
| Amounts payable | 17/49 | €28,719 | €70,917 | +€42,198 | +147% |
| Amounts payable after more than one year | 17 | €13,285 | - | -€13,285 | |
| Financial debts | 170/4 | €13,285 | - | -€13,285 | |
| Amounts payable within one year | 42/48 | €15,434 | €70,917 | +€55,483 | +359% |
| Current portion of amounts payable after more than one year | 42 | €5,403 | - | -€5,403 | |
| Trade debts | 44 | €1,061 | €45,518 | +€44,457 | +4,190% |
| Suppliers | 440/4 | €1,061 | €45,518 | +€44,457 | +4,190% |
| Taxes, remuneration and social security | 45 | €8,970 | €10,399 | +€1,429 | +15.9% |
| Taxes | 450/3 | €8,970 | €4,042 | -€4,928 | -54.9% |
| Remuneration and social security | 454/9 | - | €6,357 | +€6,357 | |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Non-recurring operating income | 76A | €6,694 | €25,304 | +€18,610 | +278% |
| Remuneration, social security and pensions | 62 | €2,415 | €38,304 | +€35,889 | +1,486% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,557 | €3,659 | -€2,898 | -44.2% |
| Other operating charges | 640/8 | €1,775 | €3,077 | +€1,302 | +73.4% |
| Gross operating margin | 9900 | €14,229 | €71,875 | +€57,646 | +405% |
| Operating profit (loss) | 9901 | €3,482 | €26,835 | +€23,353 | +671% |
| Financial income | 75/76B | €777 | €945 | +€168 | +21.6% |
| Recurring financial income | 75 | €777 | €945 | +€168 | +21.6% |
| Financial charges | 65/66B | €1,143 | €1,611 | +€468 | +40.9% |
| Recurring financial charges | 65 | €1,143 | €1,611 | +€468 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | €3,116 | €26,169 | +€23,053 | +740% |
| Income taxes | 67/77 | €2,223 | €486 | -€1,737 | -78.1% |
| Profit (loss) for the period | 9904 | €893 | €25,683 | +€24,790 | +2,776% |
| Profit (loss) for the period to be appropriated | 9905 | €893 | €25,683 | +€24,790 | +2,776% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.