SK Project: 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 Project
Largest movements
- Receivables within one year +€28,348
up €28,348 (+167%), from €16,962 to €45,310
of which Trade receivables: +€19,544
- Cash -€23,243
down €23,243 (-76.6%), from €30,339 to €7,096
mainly Receivables within one year (-€28,348) and Net result for the year (-€7,579)
- Tangible fixed assets +€3,992
up €3,992 (+134%), from €2,972 to €6,964
of which Furniture and vehicles: +€3,425
- Deferred charges and accrued income +€2,200
up €2,200 (+352%), from €626 to €2,825
- Financial fixed assets +€1,150
new in 2025: €1,150
- Other debts +€19,569
up €19,569 (+140%), from €13,955 to €33,524
- Profit (loss) carried forward -€7,579
down €7,579, from €84 to -€7,495
- Accrued charges and deferred income -€4,403
down €4,403 (-29.0%), from €15,164 to €10,761
- Trade debts +€2,459
up €2,459 (+1,007%), from €244 to €2,703
- Tax, wage and social debts +€2,400
up €2,400 (+35.5%), from €6,752 to €9,151
of which Remuneration and social security: +€2,400
- Gross operating margin -€20,242
down €20,242, from €14,930 to -€5,311
- Taxes -€4,352
down €4,352 (-100%), from €4,352 to €0
- Depreciation +€1,565
up €1,565 (+553%), from €283 to €1,847
- Other operating charges -€215
down €215 (-49.8%), from €432 to €217
- Financial charges +€182
up €182 (+226%), from €81 to €263
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 | €50,898 | €63,345 | +€12,447 | +24.5% |
| Fixed assets | 21/28 | €2,972 | €8,114 | +€5,142 | +173% |
| Tangible fixed assets | 22/27 | €2,972 | €6,964 | +€3,992 | +134% |
| Plant, machinery and equipment | 23 | €2,195 | €2,761 | +€566 | +25.8% |
| Furniture and vehicles | 24 | €778 | €4,203 | +€3,425 | +440% |
| Financial fixed assets | 28 | - | €1,150 | +€1,150 | |
| Current assets | 29/58 | €47,926 | €55,231 | +€7,305 | +15.2% |
| Amounts receivable within one year | 40/41 | €16,962 | €45,310 | +€28,348 | +167% |
| Trade receivables | 40 | €15,330 | €34,874 | +€19,544 | +127% |
| Other amounts receivable | 41 | €1,632 | €10,436 | +€8,804 | +540% |
| Cash at bank and in hand | 54/58 | €30,339 | €7,096 | -€23,243 | -76.6% |
| Deferred charges and accrued income | 490/1 | €626 | €2,825 | +€2,200 | +352% |
| Total equity and liabilities | 10/49 | €50,898 | €63,345 | +€12,447 | +24.5% |
| Equity | 10/15 | €14,784 | €7,205 | -€7,579 | -51.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,700 | €9,700 | = | 0.0% |
| Distributable reserves | 133 | €9,700 | €9,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84 | -€7,495 | -€7,579 | |
| Amounts payable | 17/49 | €36,114 | €56,140 | +€20,026 | +55.5% |
| Amounts payable within one year | 42/48 | €20,950 | €45,379 | +€24,428 | +117% |
| Trade debts | 44 | €244 | €2,703 | +€2,459 | +1,007% |
| Suppliers | 440/4 | €244 | €2,703 | +€2,459 | +1,007% |
| Taxes, remuneration and social security | 45 | €6,752 | €9,151 | +€2,400 | +35.5% |
| Taxes | 450/3 | €4,352 | €4,352 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,400 | €4,800 | +€2,400 | +100.0% |
| Other amounts payable | 47/48 | €13,955 | €33,524 | +€19,569 | +140% |
| Accrued charges and deferred income | 492/3 | €15,164 | €10,761 | -€4,403 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €283 | €1,847 | +€1,565 | +553% |
| Other operating charges | 640/8 | €432 | €217 | -€215 | -49.8% |
| Gross operating margin | 9900 | €14,930 | -€5,311 | -€20,242 | |
| Operating profit (loss) | 9901 | €14,216 | -€7,376 | -€21,591 | |
| Financial income | 75/76B | €1 | €59 | +€59 | +11,260% |
| Recurring financial income | 75 | €1 | €59 | +€59 | +11,260% |
| Financial charges | 65/66B | €81 | €263 | +€182 | +226% |
| Recurring financial charges | 65 | €81 | €263 | +€182 | +226% |
| Profit (loss) for the period before taxes | 9903 | €14,136 | -€7,579 | -€21,715 | |
| Income taxes | 67/77 | €4,352 | €0 | -€4,352 | -100% |
| Profit (loss) for the period | 9904 | €9,784 | -€7,579 | -€17,363 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,784 | -€7,579 | -€17,363 |
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 23 October 2026 via checked.be.