SK-PROJECTS: what changed
Two fiscal 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-PROJECTS
Largest movements
- Receivables within one year +€135,696
up €135,696 (+193.9%), from €69,978 to €205,674
of which Other amounts receivable: +€116,558
- Short-term financial debts +€200,000
up €200,000 (+50.0%), from €400,000 to €600,000
- Profit (loss) carried forward -€52,352
down €52,352 (-97.4%), from -€53,734 to -€106,087
- Other debts -€22,149
down €22,149 (-25.2%), from €87,746 to €65,596
- Trade debts +€19,290
up €19,290 (+2419.9%), from €797 to €20,087
- Gross operating margin +€115,098
up €115,098 (+84.2%), from -€136,691 to -€21,593
- Financial charges +€79,926
up €79,926, from -€44,354 to €35,572
- Financial income -€10,347
down €10,347 (-54.8%), from €18,865 to €8,518
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 | €704,995 | €846,748 | +€141,752 | +20.1% |
| Current assets | 29/58 | €704,995 | €846,748 | +€141,752 | +20.1% |
| Amounts receivable within one year | 40/41 | €69,978 | €205,674 | +€135,696 | +193.9% |
| Trade receivables | 40 | €5,000 | €24,138 | +€19,138 | +382.8% |
| Other amounts receivable | 41 | €64,978 | €181,536 | +€116,558 | +179.4% |
| Current investments | 50/53 | €608,641 | €612,772 | +€4,130 | +0.7% |
| Cash at bank and in hand | 54/58 | €21,516 | €27,157 | +€5,641 | +26.2% |
| Deferred charges and accrued income | 490/1 | €4,860 | €1,146 | -€3,715 | -76.4% |
| Total equity and liabilities | 10/49 | €704,995 | €846,748 | +€141,752 | +20.1% |
| Equity | 10/15 | €211,994 | €159,642 | -€52,352 | -24.7% |
| Contributions | 10/11 | €21,100 | €21,100 | = | 0.0% |
| Reserves | 13 | €244,629 | €244,629 | = | 0.0% |
| Distributable reserves | 133 | €244,629 | €244,629 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,734 | -€106,087 | -€52,352 | -97.4% |
| Amounts payable | 17/49 | €493,001 | €687,106 | +€194,105 | +39.4% |
| Amounts payable within one year | 42/48 | €488,543 | €685,683 | +€197,141 | +40.4% |
| Financial debts | 43 | €400,000 | €600,000 | +€200,000 | +50.0% |
| Credit institutions | 430/8 | €400,000 | €600,000 | +€200,000 | +50.0% |
| Trade debts | 44 | €797 | €20,087 | +€19,290 | +2419.9% |
| Suppliers | 440/4 | €797 | €20,087 | +€19,290 | +2419.9% |
| Other amounts payable | 47/48 | €87,746 | €65,596 | -€22,149 | -25.2% |
| Accrued charges and deferred income | 492/3 | €4,458 | €1,423 | -€3,036 | -68.1% |
| Other operating charges | 640/8 | €2,933 | €3,199 | +€266 | +9.1% |
| Gross operating margin | 9900 | -€136,691 | -€21,593 | +€115,098 | +84.2% |
| Operating profit (loss) | 9901 | -€139,624 | -€24,792 | +€114,832 | +82.2% |
| Financial income | 75/76B | €18,865 | €8,518 | -€10,347 | -54.8% |
| Recurring financial income | 75 | €18,865 | €8,518 | -€10,347 | -54.8% |
| Financial charges | 65/66B | -€44,354 | €35,572 | +€79,926 | |
| Recurring financial charges | 65 | -€44,354 | €35,572 | +€79,926 | |
| Profit (loss) for the period before taxes | 9903 | -€76,405 | -€51,846 | +€24,559 | +32.1% |
| Income taxes | 67/77 | €289 | €506 | +€217 | +75.2% |
| Profit (loss) for the period | 9904 | -€76,694 | -€52,352 | +€24,342 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,694 | -€52,352 | +€24,342 | +31.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.