S.K.D. GROUP: 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.D. GROUP
Largest movements
- Tangible fixed assets -€10,972
down €10,972 (-5.2%), from €212,090 to €201,117
- Receivables within one year -€10,812
no longer reported in 2025 (was €10,812)
- Cash -€4,085
down €4,085 (-31.7%), from €12,900 to €8,815
mainly Debts after one year (-€26,507) and Other debts (-€17,575)
- Financial fixed assets -€3,462
down €3,462 (-95.5%), from €3,624 to €162
- Profit (loss) carried forward +€30,723
up €30,723 (+16.9%), from -€182,002 to -€151,280
- Debts after one year -€26,507
down €26,507 (-22.3%), from €118,754 to €92,247
- Other debts -€17,575
down €17,575 (-15.3%), from €114,692 to €97,117
- Trade debts -€7,542
down €7,542 (-69.2%), from €10,894 to €3,351
- Current portion of long-term debt -€4,825
down €4,825 (-15.6%), from €30,971 to €26,146
- Gross operating margin +€93,090
up €93,090, from -€4,469 to €88,622
- Staff costs +€12,854
up €12,854 (+61.7%), from €20,840 to €33,695
- Other operating charges +€2,067
up €2,067 (+109%), from €1,890 to €3,957
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 | €276,581 | €246,891 | -€29,690 | -10.7% |
| Fixed assets | 21/28 | €215,713 | €201,279 | -€14,434 | -6.7% |
| Tangible fixed assets | 22/27 | €212,090 | €201,117 | -€10,972 | -5.2% |
| Land and buildings | 22 | €212,090 | €201,117 | -€10,972 | -5.2% |
| Financial fixed assets | 28 | €3,624 | €162 | -€3,462 | -95.5% |
| Current assets | 29/58 | €60,868 | €45,612 | -€15,256 | -25.1% |
| Stocks and contracts in progress | 3 | €36,732 | €36,732 | = | 0.0% |
| Stocks | 30/36 | €36,732 | €36,732 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,812 | - | -€10,812 | |
| Trade receivables | 40 | €10,812 | - | -€10,812 | |
| Cash at bank and in hand | 54/58 | €12,900 | €8,815 | -€4,085 | -31.7% |
| Deferred charges and accrued income | 490/1 | €425 | €66 | -€359 | -84.6% |
| Total equity and liabilities | 10/49 | €276,581 | €246,891 | -€29,690 | -10.7% |
| Equity | 10/15 | -€65,042 | -€34,320 | +€30,723 | +47.2% |
| Contributions | 10/11 | €105,200 | €105,200 | = | 0.0% |
| Reserves | 13 | €11,760 | €11,760 | = | 0.0% |
| Distributable reserves | 133 | €11,760 | €11,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€182,002 | -€151,280 | +€30,723 | +16.9% |
| Amounts payable | 17/49 | €341,623 | €281,210 | -€60,413 | -17.7% |
| Amounts payable after more than one year | 17 | €118,754 | €92,247 | -€26,507 | -22.3% |
| Financial debts | 170/4 | €118,754 | €92,247 | -€26,507 | -22.3% |
| Amounts payable within one year | 42/48 | €222,870 | €188,964 | -€33,906 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €30,971 | €26,146 | -€4,825 | -15.6% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €10,894 | €3,351 | -€7,542 | -69.2% |
| Suppliers | 440/4 | €10,894 | €3,351 | -€7,542 | -69.2% |
| Taxes, remuneration and social security | 45 | €16,313 | €12,350 | -€3,964 | -24.3% |
| Taxes | 450/3 | €5,830 | €2,393 | -€3,437 | -58.9% |
| Remuneration and social security | 454/9 | €10,483 | €9,956 | -€527 | -5.0% |
| Other amounts payable | 47/48 | €114,692 | €97,117 | -€17,575 | -15.3% |
| Remuneration, social security and pensions | 62 | €20,840 | €33,695 | +€12,854 | +61.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,291 | €10,972 | -€318 | -2.8% |
| Other operating charges | 640/8 | €1,890 | €3,957 | +€2,067 | +109% |
| Gross operating margin | 9900 | -€4,469 | €88,622 | +€93,090 | |
| Operating profit (loss) | 9901 | -€38,489 | €39,998 | +€78,487 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €9,317 | €9,275 | -€42 | -0.5% |
| Recurring financial charges | 65 | €9,317 | €9,275 | -€42 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | -€47,805 | €30,723 | +€78,528 | |
| Profit (loss) for the period | 9904 | -€47,805 | €30,723 | +€78,528 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,805 | €30,723 | +€78,528 |
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.