SK: what changed
Two fiscal 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.
SK
Largest movements
- Receivables after one year +€50,000
new in 2025: €50,000
- Receivables within one year +€25,108
up €25,108 (+196.7%), from €12,765 to €37,874
of which Other amounts receivable: +€17,065
- Cash -€13,078
down €13,078 (-10.2%), from €128,710 to €115,632
mainly Receivables after one year (-€50,000) and Receivables within one year (-€25,108)
- Stocks and contracts -€3,996
no longer reported in 2025 (was €3,996)
- Tangible fixed assets +€3,795
up €3,795 (+264.5%), from €1,435 to €5,230
of which Furniture and vehicles: +€4,107
- Reserves +€75,315
up €75,315 (+68.7%), from €109,599 to €184,915
- Tax, wage and social debts -€8,370
down €8,370 (-34.5%), from €24,243 to €15,872
- Trade debts -€3,479
down €3,479 (-58.5%), from €5,946 to €2,467
- Gross operating margin +€9,797
up €9,797 (+11.5%), from €84,871 to €94,668
- Taxes -€3,411
down €3,411 (-14.7%), from €23,219 to €19,808
- Financial income +€1,997
up €1,997 (+132.4%), from €1,508 to €3,505
- Other operating charges -€1,239
down €1,239 (-86.7%), from €1,429 to €190
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.
Cash bridge derived
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 | €146,907 | €209,254 | +€62,347 | +42.4% |
| Fixed assets | 21/28 | €1,435 | €5,230 | +€3,795 | +264.5% |
| Tangible fixed assets | 22/27 | €1,435 | €5,230 | +€3,795 | +264.5% |
| Furniture and vehicles | 24 | - | €4,107 | +€4,107 | |
| Other tangible fixed assets | 26 | €1,435 | €1,123 | -€312 | -21.8% |
| Current assets | 29/58 | €145,472 | €204,024 | +€58,552 | +40.2% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Stocks and contracts in progress | 3 | €3,996 | - | -€3,996 | |
| Stocks | 30/36 | €3,996 | - | -€3,996 | |
| Amounts receivable within one year | 40/41 | €12,765 | €37,874 | +€25,108 | +196.7% |
| Trade receivables | 40 | €10,685 | €18,728 | +€8,043 | +75.3% |
| Other amounts receivable | 41 | €2,080 | €19,145 | +€17,065 | +820.3% |
| Cash at bank and in hand | 54/58 | €128,710 | €115,632 | -€13,078 | -10.2% |
| Deferred charges and accrued income | 490/1 | - | €518 | +€518 | |
| Total equity and liabilities | 10/49 | €146,907 | €209,254 | +€62,347 | +42.4% |
| Equity | 10/15 | €115,599 | €190,915 | +€75,315 | +65.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €109,599 | €184,915 | +€75,315 | +68.7% |
| Distributable reserves | 133 | €109,599 | €184,915 | +€75,315 | +68.7% |
| Amounts payable | 17/49 | €31,308 | €18,340 | -€12,968 | -41.4% |
| Amounts payable within one year | 42/48 | €31,308 | €18,340 | -€12,968 | -41.4% |
| Trade debts | 44 | €5,946 | €2,467 | -€3,479 | -58.5% |
| Suppliers | 440/4 | €5,946 | €2,467 | -€3,479 | -58.5% |
| Taxes, remuneration and social security | 45 | €24,243 | €15,872 | -€8,370 | -34.5% |
| Taxes | 450/3 | €24,243 | €15,872 | -€8,370 | -34.5% |
| Other amounts payable | 47/48 | €1,119 | - | -€1,119 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126 | €1,038 | +€912 | +722.0% |
| Other operating charges | 640/8 | €1,429 | €190 | -€1,239 | -86.7% |
| Gross operating margin | 9900 | €84,871 | €94,668 | +€9,797 | +11.5% |
| Operating profit (loss) | 9901 | €83,316 | €93,440 | +€10,124 | +12.2% |
| Financial income | 75/76B | €1,508 | €3,505 | +€1,997 | +132.4% |
| Recurring financial income | 75 | €1,508 | €3,505 | +€1,997 | +132.4% |
| Financial charges | 65/66B | €1,869 | €1,823 | -€46 | -2.5% |
| Recurring financial charges | 65 | €1,869 | €1,823 | -€46 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €82,955 | €95,123 | +€12,168 | +14.7% |
| Income taxes | 67/77 | €23,219 | €19,808 | -€3,411 | -14.7% |
| Profit (loss) for the period | 9904 | €59,736 | €75,315 | +€15,579 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,736 | €75,315 | +€15,579 | +26.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.