SK-PARTNERS: 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-PARTNERS
Largest movements
- Current investments -€70,000
down €70,000 (-13.2%), from €530,000 to €460,000
- Receivables within one year -€34,050
down €34,050 (-61.1%), from €55,760 to €21,710
of which Trade receivables: -€34,050
- Cash -€25,420
down €25,420 (-35.0%), from €72,688 to €47,267
mainly Contributions, distributions and other (-€157,895) and Tax, wage and social debts (-€34,932)
- Tangible fixed assets -€20,442
down €20,442 (-44.4%), from €46,088 to €25,646
of which Furniture and vehicles: -€19,694
- Reserves -€114,138
down €114,138 (-17.6%), from €649,505 to €535,367
of which Distributable reserves: -€114,138
- Tax, wage and social debts -€34,932
down €34,932 (-65.8%), from €53,058 to €18,126
- Gross operating margin -€91,205
down €91,205 (-60.7%), from €150,317 to €59,112
- Taxes -€26,434
down €26,434 (-54.6%), from €48,373 to €21,939
- Financial income +€16,228
up €16,228 (+170%), from €9,556 to €25,785
- Other operating charges +€7,204
up €7,204 (+1,614%), from €446 to €7,650
- Depreciation -€4,091
down €4,091 (-26.2%), from €15,596 to €11,505
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 | €804,536 | €654,623 | -€149,913 | -18.6% |
| Fixed assets | 21/28 | €46,088 | €25,646 | -€20,442 | -44.4% |
| Tangible fixed assets | 22/27 | €46,088 | €25,646 | -€20,442 | -44.4% |
| Land and buildings | 22 | €522 | €261 | -€261 | -50.0% |
| Plant, machinery and equipment | 23 | €2,142 | €1,655 | -€487 | -22.7% |
| Furniture and vehicles | 24 | €43,424 | €23,730 | -€19,694 | -45.4% |
| Current assets | 29/58 | €758,448 | €628,977 | -€129,471 | -17.1% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €55,760 | €21,710 | -€34,050 | -61.1% |
| Trade receivables | 40 | €55,760 | €21,710 | -€34,050 | -61.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €530,000 | €460,000 | -€70,000 | -13.2% |
| Cash at bank and in hand | 54/58 | €72,688 | €47,267 | -€25,420 | -35.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €804,536 | €654,623 | -€149,913 | -18.6% |
| Equity | 10/15 | €744,605 | €630,467 | -€114,138 | -15.3% |
| Contributions | 10/11 | €95,100 | €95,100 | = | 0.0% |
| Reserves | 13 | €649,505 | €535,367 | -€114,138 | -17.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €649,505 | €535,367 | -€114,138 | -17.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €59,931 | €24,156 | -€35,775 | -59.7% |
| Amounts payable within one year | 42/48 | €59,931 | €24,156 | -€35,775 | -59.7% |
| Trade debts | 44 | €5,735 | €5,485 | -€250 | -4.4% |
| Suppliers | 440/4 | €5,735 | €5,485 | -€250 | -4.4% |
| Taxes, remuneration and social security | 45 | €53,058 | €18,126 | -€34,932 | -65.8% |
| Taxes | 450/3 | €53,058 | €18,126 | -€34,932 | -65.8% |
| Other amounts payable | 47/48 | €1,139 | €546 | -€593 | -52.1% |
| Non-recurring operating income | 76A | €6,500 | €0 | -€6,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,596 | €11,505 | -€4,091 | -26.2% |
| Other operating charges | 640/8 | €446 | €7,650 | +€7,204 | +1,614% |
| Gross operating margin | 9900 | €150,317 | €59,112 | -€91,205 | -60.7% |
| Operating profit (loss) | 9901 | €134,275 | €39,957 | -€94,318 | -70.2% |
| Financial income | 75/76B | €9,556 | €25,785 | +€16,228 | +170% |
| Recurring financial income | 75 | €9,556 | €25,785 | +€16,228 | +170% |
| Financial charges | 65/66B | €280 | €46 | -€234 | -83.5% |
| Recurring financial charges | 65 | €280 | €46 | -€234 | -83.5% |
| Profit (loss) for the period before taxes | 9903 | €143,551 | €65,696 | -€77,856 | -54.2% |
| Income taxes | 67/77 | €48,373 | €21,939 | -€26,434 | -54.6% |
| Profit (loss) for the period | 9904 | €95,178 | €43,757 | -€51,421 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €95,178 | €43,757 | -€51,421 | -54.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.