SKALUP: 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.
SKALUP
Largest movements
- Intangible fixed assets +€111,120
up €111,120 (+220%), from €50,400 to €161,520
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Cash +€20,310
up €20,310 (+10.0%), from €203,270 to €223,580
mainly Current investments (+€100,000) and Tax, wage and social debts (+€35,999)
- Receivables within one year -€19,363
down €19,363 (-4.7%), from €412,432 to €393,070
of which Other amounts receivable: -€47,531
- Stocks and contracts -€16,030
down €16,030 (-100%), from €16,030 to €0
- Trade debts -€54,555
down €54,555 (-40.1%), from €136,184 to €81,629
- Tax, wage and social debts +€35,999
up €35,999 (+27.1%), from €132,878 to €168,877
of which Remuneration and social security: +€46,554
- Current portion of long-term debt +€20,531
new in 2025: €20,531
- Staff costs +€188,436
up €188,436 (+26.8%), from €701,901 to €890,337
- Gross operating margin +€154,325
up €154,325 (+52.4%), from €294,521 to €448,846
- Financial income +€29,717
up €29,717 (+6.8%), from €434,713 to €464,431
- Depreciation +€10,735
up €10,735 (+176%), from €6,110 to €16,844
- Taxes -€4,807
down €4,807 (-47.4%), from €10,143 to €5,336
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 | €796,824 | €787,845 | -€8,980 | -1.1% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €64,597 | €168,953 | +€104,356 | +162% |
| Intangible fixed assets | 21 | €50,400 | €161,520 | +€111,120 | +220% |
| Tangible fixed assets | 22/27 | €11,885 | €5,121 | -€6,764 | -56.9% |
| Plant, machinery and equipment | 23 | €11,885 | €5,121 | -€6,764 | -56.9% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €2,312 | €2,312 | = | 0.0% |
| Current assets | 29/58 | €732,227 | €618,892 | -€113,335 | -15.5% |
| Stocks and contracts in progress | 3 | €16,030 | €0 | -€16,030 | -100% |
| Contracts in progress | 37 | €16,030 | €0 | -€16,030 | -100% |
| Amounts receivable within one year | 40/41 | €412,432 | €393,070 | -€19,363 | -4.7% |
| Trade receivables | 40 | €30,353 | €58,522 | +€28,169 | +92.8% |
| Other amounts receivable | 41 | €382,079 | €334,548 | -€47,531 | -12.4% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €203,270 | €223,580 | +€20,310 | +10.0% |
| Deferred charges and accrued income | 490/1 | €495 | €2,243 | +€1,747 | +353% |
| Total equity and liabilities | 10/49 | €796,824 | €787,845 | -€8,980 | -1.1% |
| Equity | 10/15 | €522,433 | €516,809 | -€5,625 | -1.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,437 | €147,813 | -€5,625 | -3.7% |
| Investment grants | 15 | €346,996 | €346,996 | = | 0.0% |
| Amounts payable | 17/49 | €274,391 | €271,036 | -€3,355 | -1.2% |
| Amounts payable within one year | 42/48 | €269,062 | €271,036 | +€1,974 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | - | €20,531 | +€20,531 | |
| Trade debts | 44 | €136,184 | €81,629 | -€54,555 | -40.1% |
| Suppliers | 440/4 | €136,184 | €81,629 | -€54,555 | -40.1% |
| Taxes, remuneration and social security | 45 | €132,878 | €168,877 | +€35,999 | +27.1% |
| Taxes | 450/3 | €27,473 | €16,917 | -€10,556 | -38.4% |
| Remuneration and social security | 454/9 | €105,406 | €151,960 | +€46,554 | +44.2% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | €5,329 | €0 | -€5,329 | -100% |
| Remuneration, social security and pensions | 62 | €701,901 | €890,337 | +€188,436 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,110 | €16,844 | +€10,735 | +176% |
| Non-recurring operating charges | 66A | €1,495 | - | -€1,495 | |
| Gross operating margin | 9900 | €294,521 | €448,846 | +€154,325 | +52.4% |
| Operating profit (loss) | 9901 | -€414,984 | -€458,335 | -€43,351 | -10.4% |
| Financial income | 75/76B | €434,713 | €464,431 | +€29,717 | +6.8% |
| Recurring financial income | 75 | €434,713 | €464,431 | +€29,717 | +6.8% |
| Financial charges | 65/66B | €2,835 | €6,384 | +€3,549 | +125% |
| Recurring financial charges | 65 | €2,835 | €6,384 | +€3,549 | +125% |
| Profit (loss) for the period before taxes | 9903 | €16,894 | -€289 | -€17,183 | |
| Income taxes | 67/77 | €10,143 | €5,336 | -€4,807 | -47.4% |
| Profit (loss) for the period | 9904 | €6,751 | -€5,625 | -€12,376 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,751 | -€5,625 | -€12,376 |
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 25 October 2026 via checked.be.