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
- Receivables within one year +€162,819
up €162,819 (+1,410%), from €11,548 to €174,367
- Cash -€149,813
down €149,813 (-28.4%), from €528,325 to €378,512
mainly Receivables within one year (-€162,819) and Contributions, distributions and other (-€150,000)
- Deferred charges and accrued income +€7,891
up €7,891 (+101%), from €7,814 to €15,705
- Other debts +€150,000
new in 2025: €150,000
- Profit (loss) carried forward -€104,389
down €104,389 (-39.5%), from €264,290 to €159,900
- Trade debts -€17,661
down €17,661 (-9.5%), from €186,714 to €169,053
- Staff costs +€23,133
up €23,133 (+7.8%), from €298,373 to €321,506
- Gross operating margin +€21,853
up €21,853 (+6.3%), from €349,155 to €371,007
- Taxes -€20,273
down €20,273, from €15,302 to -€4,972
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 | €565,322 | €591,400 | +€26,078 | +4.6% |
| Fixed assets | 21/28 | €17,635 | €22,816 | +€5,181 | +29.4% |
| Tangible fixed assets | 22/27 | €6,161 | €11,342 | +€5,181 | +84.1% |
| Plant, machinery and equipment | 23 | €4,658 | €8,343 | +€3,685 | +79.1% |
| Furniture and vehicles | 24 | €1,503 | €2,999 | +€1,496 | +99.5% |
| Financial fixed assets | 28 | €11,474 | €11,474 | = | 0.0% |
| Current assets | 29/58 | €547,688 | €568,584 | +€20,896 | +3.8% |
| Amounts receivable within one year | 40/41 | €11,548 | €174,367 | +€162,819 | +1,410% |
| Other amounts receivable | 41 | €11,548 | €174,367 | +€162,819 | +1,410% |
| Cash at bank and in hand | 54/58 | €528,325 | €378,512 | -€149,813 | -28.4% |
| Deferred charges and accrued income | 490/1 | €7,814 | €15,705 | +€7,891 | +101% |
| Total equity and liabilities | 10/49 | €565,322 | €591,400 | +€26,078 | +4.6% |
| Equity | 10/15 | €284,790 | €180,400 | -€104,389 | -36.7% |
| Contributions | 10/11 | €18,500 | €18,500 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €264,290 | €159,900 | -€104,389 | -39.5% |
| Amounts payable | 17/49 | €280,533 | €410,999 | +€130,467 | +46.5% |
| Amounts payable within one year | 42/48 | €259,360 | €394,387 | +€135,028 | +52.1% |
| Trade debts | 44 | €186,714 | €169,053 | -€17,661 | -9.5% |
| Suppliers | 440/4 | €186,714 | €169,053 | -€17,661 | -9.5% |
| Taxes, remuneration and social security | 45 | €72,646 | €75,335 | +€2,689 | +3.7% |
| Taxes | 450/3 | €37,728 | €20,033 | -€17,694 | -46.9% |
| Remuneration and social security | 454/9 | €34,918 | €55,301 | +€20,383 | +58.4% |
| Other amounts payable | 47/48 | - | €150,000 | +€150,000 | |
| Accrued charges and deferred income | 492/3 | €21,173 | €16,612 | -€4,561 | -21.5% |
| Remuneration, social security and pensions | 62 | €298,373 | €321,506 | +€23,133 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,515 | €2,549 | -€966 | -27.5% |
| Other operating charges | 640/8 | €1,011 | €731 | -€280 | -27.7% |
| Gross operating margin | 9900 | €349,155 | €371,007 | +€21,853 | +6.3% |
| Operating profit (loss) | 9901 | €46,256 | €46,222 | -€34 | -0.1% |
| Financial charges | 65/66B | €6,093 | €5,583 | -€511 | -8.4% |
| Recurring financial charges | 65 | €6,093 | €5,583 | -€511 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €40,162 | €40,639 | +€477 | +1.2% |
| Income taxes | 67/77 | €15,302 | -€4,972 | -€20,273 | |
| Profit (loss) for the period | 9904 | €24,861 | €45,611 | +€20,750 | +83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,861 | €45,611 | +€20,750 | +83.5% |
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 25 October 2026 via checked.be.