S.K.S.: 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.S.
Largest movements
- Tangible fixed assets -€172,926
down €172,926 (-11.2%), from €1.5m to €1.4m
of which Land and buildings: -€124,120
- Profit (loss) carried forward -€226,558
down €226,558 (-53.0%), from -€427,436 to -€653,994
- Other debts +€35,212
up €35,212 (+2.3%), from €1.5m to €1.6m
- Trade debts +€21,244
up €21,244 (+138%), from €15,444 to €36,688
- Gross operating margin -€211,126
down €211,126 (-81.8%), from €258,251 to €47,125
- Depreciation +€79,795
up €79,795 (+52.9%), from €150,876 to €230,671
- Staff costs +€8,629
up €8,629 (+27.3%), from €31,562 to €40,191
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,555,770 | €1,385,668 | -€170,102 | -10.9% |
| Fixed assets | 21/28 | €1,540,723 | €1,367,797 | -€172,926 | -11.2% |
| Tangible fixed assets | 22/27 | €1,540,723 | €1,367,797 | -€172,926 | -11.2% |
| Land and buildings | 22 | €1,402,102 | €1,277,982 | -€124,120 | -8.9% |
| Plant, machinery and equipment | 23 | €6,704 | €11,209 | +€4,505 | +67.2% |
| Furniture and vehicles | 24 | €131,917 | €78,605 | -€53,312 | -40.4% |
| Current assets | 29/58 | €15,047 | €17,872 | +€2,825 | +18.8% |
| Amounts receivable within one year | 40/41 | €1,000 | €723 | -€277 | -27.7% |
| Trade receivables | 40 | - | €283 | +€283 | |
| Other amounts receivable | 41 | €1,000 | €440 | -€560 | -56.0% |
| Cash at bank and in hand | 54/58 | €12,743 | €16,775 | +€4,032 | +31.6% |
| Deferred charges and accrued income | 490/1 | €1,304 | €374 | -€931 | -71.4% |
| Total equity and liabilities | 10/49 | €1,555,770 | €1,385,668 | -€170,102 | -10.9% |
| Equity | 10/15 | -€117 | -€226,675 | -€226,558 | -193,639% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €359,119 | €359,119 | +€0 | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€427,436 | -€653,994 | -€226,558 | -53.0% |
| Amounts payable | 17/49 | €1,555,887 | €1,612,343 | +€56,456 | +3.6% |
| Amounts payable within one year | 42/48 | €1,555,887 | €1,612,343 | +€56,456 | +3.6% |
| Trade debts | 44 | €15,444 | €36,688 | +€21,244 | +138% |
| Suppliers | 440/4 | €15,444 | €36,688 | +€21,244 | +138% |
| Other amounts payable | 47/48 | €1,540,443 | €1,575,655 | +€35,212 | +2.3% |
| Non-recurring operating income | 76A | €42 | €96 | +€54 | +129% |
| Remuneration, social security and pensions | 62 | €31,562 | €40,191 | +€8,629 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,876 | €230,671 | +€79,795 | +52.9% |
| Other operating charges | 640/8 | €1,296 | €2,004 | +€708 | +54.6% |
| Non-recurring operating charges | 66A | €5,437 | €95 | -€5,342 | -98.2% |
| Gross operating margin | 9900 | €258,251 | €47,125 | -€211,126 | -81.8% |
| Operating profit (loss) | 9901 | €69,080 | -€225,836 | -€294,916 | |
| Financial income | 75/76B | €7 | €32 | +€25 | +351% |
| Recurring financial income | 75 | €7 | €32 | +€25 | +351% |
| Financial charges | 65/66B | €509 | €754 | +€245 | +48.1% |
| Recurring financial charges | 65 | €509 | €754 | +€245 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | €68,578 | -€226,558 | -€295,136 | |
| Profit (loss) for the period | 9904 | €68,578 | -€226,558 | -€295,136 | |
| Profit (loss) for the period to be appropriated | 9905 | €68,578 | -€226,558 | -€295,136 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.