S KOTTE: 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 KOTTE
Largest movements
- Receivables within one year +€43,616
up €43,616 (+93.0%), from €46,875 to €90,491
of which Other amounts receivable: +€43,325
- Cash -€3,770
down €3,770 (-56.6%), from €6,662 to €2,892
mainly Receivables within one year (-€43,616) and Accrued charges and deferred income (-€4,479)
- Profit (loss) carried forward +€19,813
up €19,813 (+62.0%), from €31,955 to €51,769
- Tax, wage and social debts +€13,492
up €13,492 (+115%), from €11,754 to €25,246
of which Remuneration and social security: +€6,935
- Trade debts +€10,245
up €10,245 (+96.8%), from €10,586 to €20,831
- Accrued charges and deferred income -€4,479
no longer reported in 2025 (was €4,479)
- Taxes +€5,239
up €5,239 (+78.2%), from €6,700 to €11,939
- Gross operating margin -€2,850
down €2,850 (-7.5%), from €37,936 to €35,086
- Financial income +€1,841
up €1,841 (+218%), from €846 to €2,688
- Other operating charges +€715
up €715 (+128%), from €560 to €1,275
- Depreciation +€499
up €499 (+37.0%), from €1,347 to €1,846
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 | €59,774 | €98,845 | +€39,071 | +65.4% |
| Fixed assets | 21/28 | €5,843 | €4,921 | -€922 | -15.8% |
| Tangible fixed assets | 22/27 | €5,843 | €4,921 | -€922 | -15.8% |
| Furniture and vehicles | 24 | €3,447 | €3,082 | -€364 | -10.6% |
| Other tangible fixed assets | 26 | €2,396 | €1,838 | -€558 | -23.3% |
| Current assets | 29/58 | €53,932 | €93,925 | +€39,993 | +74.2% |
| Amounts receivable within one year | 40/41 | €46,875 | €90,491 | +€43,616 | +93.0% |
| Trade receivables | 40 | €18,944 | €19,235 | +€291 | +1.5% |
| Other amounts receivable | 41 | €27,931 | €71,256 | +€43,325 | +155% |
| Cash at bank and in hand | 54/58 | €6,662 | €2,892 | -€3,770 | -56.6% |
| Deferred charges and accrued income | 490/1 | €394 | €541 | +€147 | +37.2% |
| Total equity and liabilities | 10/49 | €59,774 | €98,845 | +€39,071 | +65.4% |
| Equity | 10/15 | €32,955 | €52,769 | +€19,813 | +60.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,955 | €51,769 | +€19,813 | +62.0% |
| Amounts payable | 17/49 | €26,819 | €46,077 | +€19,258 | +71.8% |
| Amounts payable within one year | 42/48 | €22,340 | €46,077 | +€23,737 | +106% |
| Trade debts | 44 | €10,586 | €20,831 | +€10,245 | +96.8% |
| Suppliers | 440/4 | €10,586 | €20,831 | +€10,245 | +96.8% |
| Taxes, remuneration and social security | 45 | €11,754 | €25,246 | +€13,492 | +115% |
| Taxes | 450/3 | €11,754 | €18,311 | +€6,557 | +55.8% |
| Remuneration and social security | 454/9 | - | €6,935 | +€6,935 | |
| Accrued charges and deferred income | 492/3 | €4,479 | - | -€4,479 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,347 | €1,846 | +€499 | +37.0% |
| Other operating charges | 640/8 | €560 | €1,275 | +€715 | +128% |
| Gross operating margin | 9900 | €37,936 | €35,086 | -€2,850 | -7.5% |
| Operating profit (loss) | 9901 | €36,029 | €31,964 | -€4,064 | -11.3% |
| Financial income | 75/76B | €846 | €2,688 | +€1,841 | +218% |
| Recurring financial income | 75 | €846 | €2,688 | +€1,841 | +218% |
| Financial charges | 65/66B | €3,376 | €2,899 | -€477 | -14.1% |
| Recurring financial charges | 65 | €3,376 | €2,899 | -€477 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €33,499 | €31,753 | -€1,747 | -5.2% |
| Income taxes | 67/77 | €6,700 | €11,939 | +€5,239 | +78.2% |
| Profit (loss) for the period | 9904 | €26,799 | €19,813 | -€6,986 | -26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,799 | €19,813 | -€6,986 | -26.1% |
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 19 October 2026 via checked.be.