SK-GRONDWERKEN: what changed
SK-GRONDWERKEN
Largest movements
- Tangible fixed assets +€35,245
up €35,245 (+564%), from €6,252 to €41,497
of which Plant, machinery and equipment: +€20,970
- Cash -€10,701
down €10,701 (-28.4%), from €37,715 to €27,013
mainly Investment in fixed assets (net) (-€41,104) and Receivables within one year (-€4,969)
- Receivables within one year +€4,969
up €4,969 (+48.0%), from €10,351 to €15,320
of which Other amounts receivable: +€4,164
- Trade debts +€23,182
up €23,182 (+706%), from €3,285 to €26,467
- Debts after one year +€7,344
new in 2025: €7,344
- Current portion of long-term debt +€4,980
new in 2025: €4,980
- Reserves -€2,421
down €2,421 (-5.0%), from €48,716 to €46,295
- Tax, wage and social debts -€1,519
down €1,519 (-46.5%), from €3,271 to €1,751
- Gross operating margin -€6,412
down €6,412 (-44.6%), from €14,385 to €7,972
- Taxes -€1,529
down €1,529 (-65.9%), from €2,319 to €790
- Depreciation +€1,035
up €1,035 (+21.4%), from €4,824 to €5,859
- Other operating charges +€591
up €591 (+65.3%), from €904 to €1,495
- Financial charges +€213
up €213 (+18.4%), from €1,160 to €1,373
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,318 | €93,830 | +€29,512 | +45.9% |
| Fixed assets | 21/28 | €6,252 | €41,497 | +€35,245 | +564% |
| Tangible fixed assets | 22/27 | €6,252 | €41,497 | +€35,245 | +564% |
| Plant, machinery and equipment | 23 | €6,146 | €27,116 | +€20,970 | +341% |
| Furniture and vehicles | 24 | €106 | €14,381 | +€14,275 | +13,463% |
| Current assets | 29/58 | €58,066 | €52,333 | -€5,733 | -9.9% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,351 | €15,320 | +€4,969 | +48.0% |
| Trade receivables | 40 | €7,133 | €7,938 | +€805 | +11.3% |
| Other amounts receivable | 41 | €3,218 | €7,382 | +€4,164 | +129% |
| Cash at bank and in hand | 54/58 | €37,715 | €27,013 | -€10,701 | -28.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €64,318 | €93,830 | +€29,512 | +45.9% |
| Equity | 10/15 | €52,716 | €50,295 | -€2,421 | -4.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €48,716 | €46,295 | -€2,421 | -5.0% |
| Distributable reserves | 133 | €48,716 | €46,295 | -€2,421 | -5.0% |
| Amounts payable | 17/49 | €11,602 | €43,535 | +€31,933 | +275% |
| Amounts payable after more than one year | 17 | - | €7,344 | +€7,344 | |
| Financial debts | 170/4 | - | €7,344 | +€7,344 | |
| Amounts payable within one year | 42/48 | €11,602 | €36,191 | +€24,589 | +212% |
| Current portion of amounts payable after more than one year | 42 | - | €4,980 | +€4,980 | |
| Trade debts | 44 | €3,285 | €26,467 | +€23,182 | +706% |
| Suppliers | 440/4 | €3,285 | €26,467 | +€23,182 | +706% |
| Advances received on contracts in progress | 46 | €588 | €0 | -€588 | -100% |
| Taxes, remuneration and social security | 45 | €3,271 | €1,751 | -€1,519 | -46.5% |
| Taxes | 450/3 | €3,271 | €1,751 | -€1,519 | -46.5% |
| Other amounts payable | 47/48 | €4,458 | €2,993 | -€1,465 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,824 | €5,859 | +€1,035 | +21.4% |
| Other operating charges | 640/8 | €904 | €1,495 | +€591 | +65.3% |
| Non-recurring operating charges | 66A | - | €1,422 | +€1,422 | |
| Gross operating margin | 9900 | €14,385 | €7,972 | -€6,412 | -44.6% |
| Operating profit (loss) | 9901 | €8,656 | -€804 | -€9,460 | |
| Financial income | 75/76B | €451 | €546 | +€94 | +20.9% |
| Recurring financial income | 75 | €451 | €546 | +€94 | +20.9% |
| Financial charges | 65/66B | €1,160 | €1,373 | +€213 | +18.4% |
| Recurring financial charges | 65 | €1,160 | €1,373 | +€213 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €7,948 | -€1,631 | -€9,578 | |
| Income taxes | 67/77 | €2,319 | €790 | -€1,529 | -65.9% |
| Profit (loss) for the period | 9904 | €5,629 | -€2,421 | -€8,050 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,629 | -€2,421 | -€8,050 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.