SK RENOVATIONS: what changed
SK RENOVATIONS
Largest movements
- Receivables within one year -€106,916
down €106,916 (-88.2%), from €121,222 to €14,306
of which Trade receivables: -€97,093
- Tangible fixed assets +€62,304
up €62,304 (+118%), from €52,848 to €115,152
of which Furniture and vehicles: +€60,569
- Cash +€20,935
up €20,935 (+13.2%), from €159,019 to €179,954
mainly Receivables within one year (+€106,916) and Net result for the year (+€26,841)
- Current portion of long-term debt -€68,940
down €68,940 (-80.9%), from €85,190 to €16,250
- Profit (loss) carried forward +€26,841
up €26,841 (+15.3%), from €175,744 to €202,585
- Debts after one year +€16,700
up €16,700 (+140%), from €11,964 to €28,664
- Trade debts -€8,915
down €8,915 (-46.8%), from €19,063 to €10,148
- Tax, wage and social debts +€8,137
up €8,137 (+189%), from €4,300 to €12,437
of which Taxes: +€12,437
- Gross operating margin +€27,848
up €27,848 (+81.6%), from €34,139 to €61,987
- Depreciation -€17,800
down €17,800 (-54.2%), from €32,844 to €15,044
- Taxes +€16,627
new in 2025: €16,627
- Financial charges +€2,948
up €2,948 (+2,019%), from €146 to €3,094
- Other operating charges -€2,229
down €2,229 (-74.5%), from €2,991 to €762
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 | €342,261 | €316,084 | -€26,177 | -7.6% |
| Fixed assets | 21/28 | €53,270 | €115,574 | +€62,304 | +117% |
| Tangible fixed assets | 22/27 | €52,848 | €115,152 | +€62,304 | +118% |
| Plant, machinery and equipment | 23 | €3,403 | €5,138 | +€1,735 | +51.0% |
| Furniture and vehicles | 24 | €44,879 | €105,448 | +€60,569 | +135% |
| Assets under construction and advance payments | 27 | €4,566 | €4,566 | = | 0.0% |
| Financial fixed assets | 28 | €422 | €422 | = | 0.0% |
| Current assets | 29/58 | €288,991 | €200,510 | -€88,481 | -30.6% |
| Amounts receivable within one year | 40/41 | €121,222 | €14,306 | -€106,916 | -88.2% |
| Trade receivables | 40 | €101,127 | €4,034 | -€97,093 | -96.0% |
| Other amounts receivable | 41 | €20,095 | €10,272 | -€9,823 | -48.9% |
| Cash at bank and in hand | 54/58 | €159,019 | €179,954 | +€20,935 | +13.2% |
| Deferred charges and accrued income | 490/1 | €8,750 | €6,250 | -€2,500 | -28.6% |
| Total equity and liabilities | 10/49 | €342,261 | €316,084 | -€26,177 | -7.6% |
| Equity | 10/15 | €221,744 | €248,585 | +€26,841 | +12.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €16,000 | €16,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175,744 | €202,585 | +€26,841 | +15.3% |
| Amounts payable | 17/49 | €120,517 | €67,499 | -€53,018 | -44.0% |
| Amounts payable after more than one year | 17 | €11,964 | €28,664 | +€16,700 | +140% |
| Financial debts | 170/4 | €11,964 | €28,664 | +€16,700 | +140% |
| Amounts payable within one year | 42/48 | €108,553 | €38,835 | -€69,718 | -64.2% |
| Current portion of amounts payable after more than one year | 42 | €85,190 | €16,250 | -€68,940 | -80.9% |
| Trade debts | 44 | €19,063 | €10,148 | -€8,915 | -46.8% |
| Suppliers | 440/4 | €19,063 | €10,148 | -€8,915 | -46.8% |
| Taxes, remuneration and social security | 45 | €4,300 | €12,437 | +€8,137 | +189% |
| Taxes | 450/3 | - | €12,437 | +€12,437 | |
| Remuneration and social security | 454/9 | €4,300 | - | -€4,300 | |
| Non-recurring operating income | 76A | €19 | €11,909 | +€11,890 | +62,579% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,844 | €15,044 | -€17,800 | -54.2% |
| Other operating charges | 640/8 | €2,991 | €762 | -€2,229 | -74.5% |
| Gross operating margin | 9900 | €34,139 | €61,987 | +€27,848 | +81.6% |
| Operating profit (loss) | 9901 | -€1,696 | €46,181 | +€47,877 | |
| Financial income | 75/76B | €292 | €381 | +€89 | +30.5% |
| Recurring financial income | 75 | €292 | €381 | +€89 | +30.5% |
| Financial charges | 65/66B | €146 | €3,094 | +€2,948 | +2,019% |
| Recurring financial charges | 65 | €146 | €3,094 | +€2,948 | +2,019% |
| Profit (loss) for the period before taxes | 9903 | -€1,550 | €43,468 | +€45,018 | |
| Income taxes | 67/77 | - | €16,627 | +€16,627 | |
| Profit (loss) for the period | 9904 | -€1,550 | €26,841 | +€28,391 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,550 | €26,841 | +€28,391 |
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 3 November 2026 via checked.be.