SK WORX: 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 WORX
Largest movements
- Receivables within one year +€53,379
up €53,379 (+429%), from €12,455 to €65,834
of which Trade receivables: +€48,784
- Cash -€35,721
down €35,721 (-80.9%), from €44,169 to €8,447
mainly Receivables within one year (-€53,379) and Investment in fixed assets (net) (-€10,371)
- Tangible fixed assets +€3,982
up €3,982 (+21.8%), from €18,238 to €22,220
of which Furniture and vehicles: +€6,282
- Trade debts +€15,037
up €15,037 (+453%), from €3,317 to €18,355
- Reserves +€5,783
up €5,783 (+12.5%), from €46,354 to €52,137
- Gross operating margin -€5,409
down €5,409 (-19.2%), from €28,109 to €22,701
- Financial charges +€2,543
up €2,543 (+581%), from €438 to €2,981
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 | €76,192 | €97,640 | +€21,449 | +28.2% |
| Fixed assets | 21/28 | €18,238 | €22,220 | +€3,982 | +21.8% |
| Tangible fixed assets | 22/27 | €18,238 | €22,220 | +€3,982 | +21.8% |
| Plant, machinery and equipment | 23 | €14,309 | €12,009 | -€2,300 | -16.1% |
| Furniture and vehicles | 24 | €3,929 | €10,211 | +€6,282 | +160% |
| Current assets | 29/58 | €57,953 | €75,420 | +€17,467 | +30.1% |
| Amounts receivable within one year | 40/41 | €12,455 | €65,834 | +€53,379 | +429% |
| Trade receivables | 40 | €11,773 | €60,557 | +€48,784 | +414% |
| Other amounts receivable | 41 | €681 | €5,277 | +€4,596 | +675% |
| Cash at bank and in hand | 54/58 | €44,169 | €8,447 | -€35,721 | -80.9% |
| Deferred charges and accrued income | 490/1 | €1,330 | €1,139 | -€191 | -14.4% |
| Total equity and liabilities | 10/49 | €76,192 | €97,640 | +€21,449 | +28.2% |
| Equity | 10/15 | €56,354 | €62,137 | +€5,783 | +10.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €46,354 | €52,137 | +€5,783 | +12.5% |
| Distributable reserves | 133 | €46,354 | €52,137 | +€5,783 | +12.5% |
| Amounts payable | 17/49 | €19,838 | €35,503 | +€15,665 | +79.0% |
| Amounts payable within one year | 42/48 | €19,838 | €35,503 | +€15,665 | +79.0% |
| Trade debts | 44 | €3,317 | €18,355 | +€15,037 | +453% |
| Suppliers | 440/4 | €3,317 | €18,355 | +€15,037 | +453% |
| Taxes, remuneration and social security | 45 | €8,156 | €8,969 | +€813 | +10.0% |
| Taxes | 450/3 | €5,606 | €5,719 | +€113 | +2.0% |
| Remuneration and social security | 454/9 | €2,550 | €3,250 | +€700 | +27.5% |
| Other amounts payable | 47/48 | €8,364 | €8,179 | -€185 | -2.2% |
| Remuneration, social security and pensions | 62 | - | €145 | +€145 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,528 | €6,389 | -€138 | -2.1% |
| Other operating charges | 640/8 | €1,975 | €1,744 | -€231 | -11.7% |
| Gross operating margin | 9900 | €28,109 | €22,701 | -€5,409 | -19.2% |
| Operating profit (loss) | 9901 | €19,606 | €14,423 | -€5,184 | -26.4% |
| Financial income | 75/76B | €77 | €45 | -€32 | -41.5% |
| Recurring financial income | 75 | €77 | €45 | -€32 | -41.5% |
| Financial charges | 65/66B | €438 | €2,981 | +€2,543 | +581% |
| Recurring financial charges | 65 | €438 | €2,981 | +€2,543 | +581% |
| Profit (loss) for the period before taxes | 9903 | €19,245 | €11,486 | -€7,759 | -40.3% |
| Income taxes | 67/77 | €5,606 | €5,703 | +€97 | +1.7% |
| Profit (loss) for the period | 9904 | €13,639 | €5,783 | -€7,855 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,639 | €5,783 | -€7,855 | -57.6% |
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 30 October 2026 via checked.be.