SK1: 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.
SK1
Largest movements
- Financial fixed assets +€675,000
new in 2025: €675,000
- Receivables within one year +€33,162
up €33,162 (+181.9%), from €18,235 to €51,397
of which Other amounts receivable: +€19,768
- Cash -€8,366
down €8,366 (-92.4%), from €9,056 to €690
mainly Investment in fixed assets (net) (-€675,000) and Receivables within one year (-€33,162)
- Debts after one year +€608,951
new in 2025: €608,951
- Current portion of long-term debt +€40,095
new in 2025: €40,095
- Trade debts +€34,835
up €34,835 (+350.2%), from €9,946 to €44,781
- Other debts +€15,986
new in 2025: €15,986
- Gross operating margin +€28,989
up €28,989, from -€3,997 to €24,993
- Financial charges +€21,161
up €21,161 (+10160.5%), from €208 to €21,370
- Taxes +€1,300
up €1,300 (+1299900.0%), from €0 to €1,300
- Other operating charges +€378
up €378 (+46.5%), from €813 to €1,192
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 | €27,292 | €727,087 | +€699,796 | +2564.2% |
| Fixed assets | 21/28 | - | €675,000 | +€675,000 | |
| Financial fixed assets | 28 | - | €675,000 | +€675,000 | |
| Current assets | 29/58 | €27,292 | €52,087 | +€24,796 | +90.9% |
| Amounts receivable within one year | 40/41 | €18,235 | €51,397 | +€33,162 | +181.9% |
| Trade receivables | 40 | €7,176 | €20,570 | +€13,394 | +186.7% |
| Other amounts receivable | 41 | €11,060 | €30,827 | +€19,768 | +178.7% |
| Cash at bank and in hand | 54/58 | €9,056 | €690 | -€8,366 | -92.4% |
| Total equity and liabilities | 10/49 | €27,292 | €727,087 | +€699,796 | +2564.2% |
| Equity | 10/15 | €10,740 | €11,974 | +€1,234 | +11.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,740 | €8,974 | +€1,234 | +15.9% |
| Amounts payable | 17/49 | €16,551 | €715,113 | +€698,562 | +4220.6% |
| Amounts payable after more than one year | 17 | - | €608,951 | +€608,951 | |
| Financial debts | 170/4 | - | €608,951 | +€608,951 | |
| Amounts payable within one year | 42/48 | €16,551 | €102,162 | +€85,611 | +517.2% |
| Current portion of amounts payable after more than one year | 42 | - | €40,095 | +€40,095 | |
| Trade debts | 44 | €9,946 | €44,781 | +€34,835 | +350.2% |
| Suppliers | 440/4 | €9,946 | €44,781 | +€34,835 | +350.2% |
| Taxes, remuneration and social security | 45 | €6,605 | €1,300 | -€5,305 | -80.3% |
| Taxes | 450/3 | €6,605 | €1,300 | -€5,305 | -80.3% |
| Other amounts payable | 47/48 | - | €15,986 | +€15,986 | |
| Accrued charges and deferred income | 492/3 | - | €4,000 | +€4,000 | |
| Other operating charges | 640/8 | €813 | €1,192 | +€378 | +46.5% |
| Gross operating margin | 9900 | -€3,997 | €24,993 | +€28,989 | |
| Operating profit (loss) | 9901 | -€4,810 | €23,801 | +€28,611 | |
| Financial income | 75/76B | €120 | €103 | -€18 | -14.7% |
| Recurring financial income | 75 | €120 | €103 | -€18 | -14.7% |
| Financial charges | 65/66B | €208 | €21,370 | +€21,161 | +10160.5% |
| Recurring financial charges | 65 | €208 | €21,370 | +€21,161 | +10160.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,898 | €2,534 | +€7,432 | |
| Income taxes | 67/77 | €0 | €1,300 | +€1,300 | +1299900.0% |
| Profit (loss) for the period | 9904 | -€4,898 | €1,234 | +€6,132 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,898 | €1,234 | +€6,132 |
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 11 October 2026 via checked.be.