SK ALLIANCE: 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 ALLIANCE
Largest movements
- Cash -€21,352
down €21,352 (-89.0%), from €23,992 to €2,639
mainly Net result for the year (-€19,961) and Investment in fixed assets (net) (-€15,933)
- Receivables within one year -€20,760
down €20,760 (-25.4%), from €81,843 to €61,083
of which Trade receivables: -€17,947
- Tangible fixed assets +€14,116
up €14,116 (+211%), from €6,703 to €20,818
of which Furniture and vehicles: +€13,952
- Profit (loss) carried forward -€19,961
down €19,961 (-33.5%), from €59,631 to €39,670
- Trade debts -€14,661
down €14,661 (-41.7%), from €35,122 to €20,461
- Advances received +€6,074
new in 2025: €6,074
- Gross operating margin -€63,407
down €63,407, from €48,754 to -€14,653
- Taxes -€7,864
no longer reported in 2025 (was €7,864)
- Other operating charges +€5,053
up €5,053 (+1,390%), from €363 to €5,416
- Depreciation -€4,658
down €4,658 (-71.9%), from €6,475 to €1,817
- Financial income +€1,542
up €1,542 (+212%), from €726 to €2,268
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 | €112,537 | €84,540 | -€27,997 | -24.9% |
| Fixed assets | 21/28 | €6,703 | €20,818 | +€14,116 | +211% |
| Tangible fixed assets | 22/27 | €6,703 | €20,818 | +€14,116 | +211% |
| Plant, machinery and equipment | 23 | €1,696 | €1,860 | +€163 | +9.6% |
| Furniture and vehicles | 24 | €5,006 | €18,958 | +€13,952 | +279% |
| Current assets | 29/58 | €105,834 | €63,722 | -€42,112 | -39.8% |
| Amounts receivable within one year | 40/41 | €81,843 | €61,083 | -€20,760 | -25.4% |
| Trade receivables | 40 | €58,046 | €40,099 | -€17,947 | -30.9% |
| Other amounts receivable | 41 | €23,797 | €20,984 | -€2,813 | -11.8% |
| Cash at bank and in hand | 54/58 | €23,992 | €2,639 | -€21,352 | -89.0% |
| Total equity and liabilities | 10/49 | €112,537 | €84,540 | -€27,997 | -24.9% |
| Equity | 10/15 | €62,631 | €42,670 | -€19,961 | -31.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,631 | €39,670 | -€19,961 | -33.5% |
| Amounts payable | 17/49 | €49,906 | €41,870 | -€8,036 | -16.1% |
| Amounts payable within one year | 42/48 | €49,906 | €41,870 | -€8,036 | -16.1% |
| Trade debts | 44 | €35,122 | €20,461 | -€14,661 | -41.7% |
| Suppliers | 440/4 | €35,122 | €20,461 | -€14,661 | -41.7% |
| Advances received on contracts in progress | 46 | - | €6,074 | +€6,074 | |
| Taxes, remuneration and social security | 45 | €14,784 | €15,335 | +€551 | +3.7% |
| Taxes | 450/3 | €14,784 | €15,335 | +€551 | +3.7% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Remuneration, social security and pensions | 62 | €113 | €79 | -€34 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,475 | €1,817 | -€4,658 | -71.9% |
| Other operating charges | 640/8 | €363 | €5,416 | +€5,053 | +1,390% |
| Non-recurring operating charges | 66A | €250 | - | -€250 | |
| Gross operating margin | 9900 | €48,754 | -€14,653 | -€63,407 | |
| Operating profit (loss) | 9901 | €41,552 | -€21,965 | -€63,518 | |
| Financial income | 75/76B | €726 | €2,268 | +€1,542 | +212% |
| Recurring financial income | 75 | €726 | €2,268 | +€1,542 | +212% |
| Financial charges | 65/66B | €261 | €264 | +€3 | +1.0% |
| Recurring financial charges | 65 | €261 | €264 | +€3 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €42,017 | -€19,961 | -€61,978 | |
| Income taxes | 67/77 | €7,864 | - | -€7,864 | |
| Profit (loss) for the period | 9904 | €34,153 | -€19,961 | -€54,114 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,153 | -€19,961 | -€54,114 |
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 21 October 2026 via checked.be.