SKALE: 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.
SKALE
Largest movements
- Cash +€407,153
up €407,153 (+474%), from €85,833 to €492,985
mainly Net result for the year (+€353,161) and Investment in fixed assets (net) (+€50,882)
- Tangible fixed assets -€50,882
no longer reported in 2026 (was €50,882)
of which Land and buildings: -€50,522
- Reserves +€304,291
up €304,291 (+465%), from €65,447 to €369,738
of which Distributable reserves: +€304,291
- Profit (loss) carried forward +€48,870
no longer reported in 2026 (was -€48,870)
- Tax, wage and social debts +€5,271
new in 2026: €5,271
- Gross operating margin +€460,243
up €460,243 (+6,307%), from €7,298 to €467,540
- Taxes +€110,271
new in 2026: €110,271
- Depreciation -€4,689
no longer reported in 2026 (was €4,689)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,735 | €515,009 | +€356,275 | +224% |
| Fixed assets | 21/28 | €50,882 | - | -€50,882 | |
| Tangible fixed assets | 22/27 | €50,882 | - | -€50,882 | |
| Land and buildings | 22 | €50,522 | - | -€50,522 | |
| Furniture and vehicles | 24 | €360 | - | -€360 | |
| Current assets | 29/58 | €107,853 | €515,009 | +€407,157 | +378% |
| Amounts receivable within one year | 40/41 | €22,020 | €22,024 | +€4 | 0.0% |
| Trade receivables | 40 | - | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | €22,020 | €21,024 | -€996 | -4.5% |
| Cash at bank and in hand | 54/58 | €85,833 | €492,985 | +€407,153 | +474% |
| Total equity and liabilities | 10/49 | €158,735 | €515,009 | +€356,275 | +224% |
| Equity | 10/15 | €156,577 | €509,738 | +€353,161 | +226% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Capital | 10 | €140,000 | €140,000 | = | 0.0% |
| Issued capital | 100 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €65,447 | €369,738 | +€304,291 | +465% |
| Non-distributable reserves | 130/1 | €14,000 | €14,000 | = | 0.0% |
| Legal reserve | 130 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | €51,447 | €355,738 | +€304,291 | +591% |
| Profit (loss) carried forward | 14 | -€48,870 | - | +€48,870 | |
| Amounts payable | 17/49 | €2,158 | €5,271 | +€3,113 | +144% |
| Amounts payable after more than one year | 17 | €2,158 | - | -€2,158 | |
| Other amounts payable | 178/9 | €2,158 | - | -€2,158 | |
| Amounts payable within one year | 42/48 | - | €5,271 | +€5,271 | |
| Taxes, remuneration and social security | 45 | - | €5,271 | +€5,271 | |
| Taxes | 450/3 | - | €5,271 | +€5,271 | |
| Non-recurring operating income | 76A | - | €471,212 | +€471,212 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,689 | - | -€4,689 | |
| Other operating charges | 640/8 | €3,667 | €4,063 | +€396 | +10.8% |
| Gross operating margin | 9900 | €7,298 | €467,540 | +€460,243 | +6,307% |
| Operating profit (loss) | 9901 | -€1,058 | €463,477 | +€464,535 | |
| Financial charges | 65/66B | €71 | €45 | -€26 | -37.0% |
| Recurring financial charges | 65 | €71 | €45 | -€26 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,129 | €463,432 | +€464,562 | |
| Income taxes | 67/77 | - | €110,271 | +€110,271 | |
| Profit (loss) for the period | 9904 | -€1,129 | €353,161 | +€354,290 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,129 | €353,161 | +€354,290 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.