SKALD ENGINEERING: 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.
SKALD ENGINEERING
Largest movements
- Cash +€796,531
up €796,531 (+295%), from €269,891 to €1.1m
mainly Net result for the year (+€534,438) and Other debts (+€314,089)
- Receivables within one year -€219,196
down €219,196 (-30.1%), from €727,227 to €508,031
of which Trade receivables: -€232,234
- Reserves +€411,944
up €411,944 (+230%), from €179,434 to €591,379
of which Distributable reserves: +€411,944
- Profit (loss) carried forward -€377,506
down €377,506 (-100%), from €377,506 to €0
- Other debts +€314,089
up €314,089 (+169%), from €185,911 to €500,000
- Advances received +€113,826
up €113,826, from €0 to €113,826
- Tax, wage and social debts +€60,031
up €60,031 (+57.4%), from €104,568 to €164,598
of which Remuneration and social security: +€30,195
- Gross operating margin +€309,323
up €309,323 (+27.2%), from €1.1m to €1.4m
- Staff costs +€92,518
up €92,518 (+15.5%), from €597,398 to €689,916
- Taxes +€55,357
up €55,357 (+41.5%), from €133,244 to €188,602
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 | €1,110,925 | €1,667,954 | +€557,028 | +50.1% |
| Fixed assets | 21/28 | €71,295 | €72,650 | +€1,355 | +1.9% |
| Intangible fixed assets | 21 | €584 | €189 | -€395 | -67.6% |
| Tangible fixed assets | 22/27 | €64,881 | €65,980 | +€1,100 | +1.7% |
| Plant, machinery and equipment | 23 | €18,647 | €24,848 | +€6,200 | +33.3% |
| Furniture and vehicles | 24 | €46,234 | €41,133 | -€5,101 | -11.0% |
| Financial fixed assets | 28 | €5,830 | €6,481 | +€651 | +11.2% |
| Current assets | 29/58 | €1,039,631 | €1,595,304 | +€555,673 | +53.4% |
| Stocks and contracts in progress | 3 | €11,185 | €0 | -€11,185 | -100% |
| Contracts in progress | 37 | €11,185 | €0 | -€11,185 | -100% |
| Amounts receivable within one year | 40/41 | €727,227 | €508,031 | -€219,196 | -30.1% |
| Trade receivables | 40 | €715,840 | €483,606 | -€232,234 | -32.4% |
| Other amounts receivable | 41 | €11,387 | €24,425 | +€13,038 | +114% |
| Cash at bank and in hand | 54/58 | €269,891 | €1,066,422 | +€796,531 | +295% |
| Deferred charges and accrued income | 490/1 | €31,327 | €20,850 | -€10,477 | -33.4% |
| Total equity and liabilities | 10/49 | €1,110,925 | €1,667,954 | +€557,028 | +50.1% |
| Equity | 10/15 | €591,588 | €626,026 | +€34,438 | +5.8% |
| Contributions | 10/11 | €34,648 | €34,648 | = | 0.0% |
| Reserves | 13 | €179,434 | €591,379 | +€411,944 | +230% |
| Tax-exempt reserves | 132 | €10,042 | €10,042 | = | 0.0% |
| Distributable reserves | 133 | €169,393 | €581,337 | +€411,944 | +243% |
| Profit (loss) carried forward | 14 | €377,506 | €0 | -€377,506 | -100% |
| Amounts payable | 17/49 | €519,337 | €1,041,927 | +€522,590 | +101% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €519,091 | €1,041,751 | +€522,661 | +101% |
| Current portion of amounts payable after more than one year | 42 | €2,516 | €0 | -€2,516 | -100% |
| Financial debts | 43 | €1,719 | €0 | -€1,719 | -100% |
| Credit institutions | 430/8 | €1,719 | €0 | -€1,719 | -100% |
| Trade debts | 44 | €224,377 | €263,327 | +€38,950 | +17.4% |
| Suppliers | 440/4 | €224,377 | €263,327 | +€38,950 | +17.4% |
| Advances received on contracts in progress | 46 | €0 | €113,826 | +€113,826 | |
| Taxes, remuneration and social security | 45 | €104,568 | €164,598 | +€60,031 | +57.4% |
| Taxes | 450/3 | €49,927 | €79,763 | +€29,835 | +59.8% |
| Remuneration and social security | 454/9 | €54,640 | €84,836 | +€30,195 | +55.3% |
| Other amounts payable | 47/48 | €185,911 | €500,000 | +€314,089 | +169% |
| Accrued charges and deferred income | 492/3 | €246 | €176 | -€70 | -28.5% |
| Non-recurring operating income | 76A | - | €6,448 | +€6,448 | |
| Remuneration, social security and pensions | 62 | €597,398 | €689,916 | +€92,518 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,056 | €27,160 | +€2,104 | +8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,500 | €0 | -€1,500 | -100% |
| Other operating charges | 640/8 | €3,440 | €3,116 | -€324 | -9.4% |
| Non-recurring operating charges | 66A | €8,820 | €0 | -€8,820 | -100% |
| Gross operating margin | 9900 | €1,136,998 | €1,446,321 | +€309,323 | +27.2% |
| Operating profit (loss) | 9901 | €500,783 | €726,128 | +€225,345 | +45.0% |
| Financial income | 75/76B | €4,562 | €2 | -€4,560 | -100.0% |
| Recurring financial income | 75 | €4,562 | €2 | -€4,560 | -100.0% |
| Financial charges | 65/66B | €2,816 | €3,091 | +€275 | +9.7% |
| Recurring financial charges | 65 | €2,816 | €3,091 | +€275 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €502,530 | €723,040 | +€220,510 | +43.9% |
| Income taxes | 67/77 | €133,244 | €188,602 | +€55,357 | +41.5% |
| Profit (loss) for the period | 9904 | €369,285 | €534,438 | +€165,153 | +44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €369,285 | €534,438 | +€165,153 | +44.7% |
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.