SK-A: 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.
SK-A
Largest movements
- Cash +€39,791
up €39,791 (+82.1%), from €48,455 to €88,246
mainly Net result for the year (+€43,899) and Depreciation (+€39,510)
- Intangible fixed assets -€28,000
down €28,000 (-50.0%), from €56,000 to €28,000
- Receivables within one year +€18,700
up €18,700 (+11.8%), from €159,108 to €177,808
of which Trade receivables: +€15,436
- Tangible fixed assets -€10,168
down €10,168 (-25.5%), from €39,889 to €29,721
of which Furniture and vehicles: -€8,685
- Reserves +€41,399
up €41,399 (+23.8%), from €173,644 to €215,043
- Tax, wage and social debts -€24,031
down €24,031 (-59.1%), from €40,675 to €16,644
of which Taxes: -€20,746
- Trade debts +€3,565
up €3,565 (+49.0%), from €7,280 to €10,845
- Gross operating margin -€28,490
down €28,490 (-16.9%), from €168,175 to €139,685
- Depreciation -€5,294
down €5,294 (-11.8%), from €44,804 to €39,510
- Other operating charges +€3,113
up €3,113 (+188.1%), from €1,655 to €4,768
- Taxes -€2,705
down €2,705 (-15.5%), from €17,441 to €14,736
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 | €309,023 | €331,709 | +€22,686 | +7.3% |
| Fixed assets | 21/28 | €95,889 | €57,721 | -€38,168 | -39.8% |
| Intangible fixed assets | 21 | €56,000 | €28,000 | -€28,000 | -50.0% |
| Tangible fixed assets | 22/27 | €39,889 | €29,721 | -€10,168 | -25.5% |
| Plant, machinery and equipment | 23 | €2,812 | €1,667 | -€1,145 | -40.7% |
| Furniture and vehicles | 24 | €35,500 | €26,815 | -€8,685 | -24.5% |
| Other tangible fixed assets | 26 | €1,577 | €1,239 | -€338 | -21.4% |
| Current assets | 29/58 | €213,134 | €273,988 | +€60,854 | +28.6% |
| Amounts receivable within one year | 40/41 | €159,108 | €177,808 | +€18,700 | +11.8% |
| Trade receivables | 40 | €159,108 | €174,544 | +€15,436 | +9.7% |
| Other amounts receivable | 41 | - | €3,264 | +€3,264 | |
| Cash at bank and in hand | 54/58 | €48,455 | €88,246 | +€39,791 | +82.1% |
| Deferred charges and accrued income | 490/1 | €5,571 | €7,934 | +€2,363 | +42.4% |
| Total equity and liabilities | 10/49 | €309,023 | €331,709 | +€22,686 | +7.3% |
| Equity | 10/15 | €178,644 | €220,043 | +€41,399 | +23.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €173,644 | €215,043 | +€41,399 | +23.8% |
| Distributable reserves | 133 | €173,644 | €215,043 | +€41,399 | +23.8% |
| Amounts payable | 17/49 | €130,379 | €111,666 | -€18,713 | -14.4% |
| Amounts payable after more than one year | 17 | €45,000 | €45,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €84,056 | €64,673 | -€19,383 | -23.1% |
| Trade debts | 44 | €7,280 | €10,845 | +€3,565 | +49.0% |
| Suppliers | 440/4 | €7,280 | €10,845 | +€3,565 | +49.0% |
| Advances received on contracts in progress | 46 | €29,840 | €27,963 | -€1,877 | -6.3% |
| Taxes, remuneration and social security | 45 | €40,675 | €16,644 | -€24,031 | -59.1% |
| Taxes | 450/3 | €30,561 | €9,815 | -€20,746 | -67.9% |
| Remuneration and social security | 454/9 | €10,114 | €6,829 | -€3,285 | -32.5% |
| Other amounts payable | 47/48 | €6,261 | €9,221 | +€2,960 | +47.3% |
| Accrued charges and deferred income | 492/3 | €1,323 | €1,993 | +€670 | +50.6% |
| Remuneration, social security and pensions | 62 | €34,478 | €35,626 | +€1,148 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,804 | €39,510 | -€5,294 | -11.8% |
| Other operating charges | 640/8 | €1,655 | €4,768 | +€3,113 | +188.1% |
| Gross operating margin | 9900 | €168,175 | €139,685 | -€28,490 | -16.9% |
| Operating profit (loss) | 9901 | €87,238 | €59,781 | -€27,457 | -31.5% |
| Financial income | 75/76B | - | €448 | +€448 | |
| Recurring financial income | 75 | - | €448 | +€448 | |
| Financial charges | 65/66B | €2,474 | €1,594 | -€880 | -35.6% |
| Recurring financial charges | 65 | €2,474 | €1,594 | -€880 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €84,764 | €58,635 | -€26,129 | -30.8% |
| Income taxes | 67/77 | €17,441 | €14,736 | -€2,705 | -15.5% |
| Profit (loss) for the period | 9904 | €67,323 | €43,899 | -€23,424 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €67,323 | €43,899 | -€23,424 | -34.8% |
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 10 October 2026 via checked.be.