SKANDI NETWORK: what changed
Two fiscal 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.
SKANDI NETWORK
Largest movements
- Cash +€102,443
up €102,443 (+361.4%), from €28,349 to €130,792
mainly Trade debts (+€99,198) and Depreciation (+€56,586)
- Formation expenses -€6,884
down €6,884 (-46.3%), from €14,861 to €7,977
- Trade debts +€99,198
up €99,198 (+118.5%), from €83,680 to €182,877
- Contributions -€17,726
down €17,726 (-9.8%), from €180,723 to €162,996
- Profit (loss) carried forward +€10,614
up €10,614 (+76.8%), from €13,822 to €24,436
- Depreciation +€4,834
up €4,834 (+9.3%), from €51,752 to €56,586
- Gross operating margin +€4,177
up €4,177 (+6.3%), from €66,498 to €70,675
- Taxes -€3,120
no longer reported in 2025 (was €3,120)
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 | €450,724 | €547,869 | +€97,144 | +21.6% |
| Formation expenses | 20 | €14,861 | €7,977 | -€6,884 | -46.3% |
| Fixed assets | 21/28 | €179,342 | €179,451 | +€109 | +0.1% |
| Intangible fixed assets | 21 | €173,012 | €173,121 | +€109 | +0.1% |
| Financial fixed assets | 28 | €6,330 | €6,330 | = | 0.0% |
| Current assets | 29/58 | €256,521 | €360,441 | +€103,919 | +40.5% |
| Amounts receivable within one year | 40/41 | €215,336 | €213,630 | -€1,706 | -0.8% |
| Trade receivables | 40 | €203,777 | €213,630 | +€9,853 | +4.8% |
| Other amounts receivable | 41 | €11,559 | - | -€11,559 | |
| Cash at bank and in hand | 54/58 | €28,349 | €130,792 | +€102,443 | +361.4% |
| Deferred charges and accrued income | 490/1 | €12,836 | €16,019 | +€3,183 | +24.8% |
| Total equity and liabilities | 10/49 | €450,724 | €547,869 | +€97,144 | +21.6% |
| Equity | 10/15 | €194,545 | €187,433 | -€7,112 | -3.7% |
| Contributions | 10/11 | €180,723 | €162,996 | -€17,726 | -9.8% |
| Profit (loss) carried forward | 14 | €13,822 | €24,436 | +€10,614 | +76.8% |
| Amounts payable | 17/49 | €256,180 | €360,436 | +€104,256 | +40.7% |
| Amounts payable after more than one year | 17 | €170,000 | €170,000 | = | 0.0% |
| Financial debts | 170/4 | €170,000 | €170,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €86,180 | €190,436 | +€104,256 | +121.0% |
| Trade debts | 44 | €83,680 | €182,877 | +€99,198 | +118.5% |
| Suppliers | 440/4 | €83,680 | €182,877 | +€99,198 | +118.5% |
| Taxes, remuneration and social security | 45 | €2,500 | €7,559 | +€5,059 | +202.3% |
| Taxes | 450/3 | €2,500 | €7,559 | +€5,059 | +202.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,752 | €56,586 | +€4,834 | +9.3% |
| Gross operating margin | 9900 | €66,498 | €70,675 | +€4,177 | +6.3% |
| Operating profit (loss) | 9901 | €14,746 | €14,089 | -€656 | -4.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €3,473 | €3,475 | +€2 | 0.0% |
| Recurring financial charges | 65 | €3,473 | €3,475 | +€2 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €11,273 | €10,614 | -€659 | -5.8% |
| Income taxes | 67/77 | €3,120 | - | -€3,120 | |
| Profit (loss) for the period | 9904 | €8,153 | €10,614 | +€2,462 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,153 | €10,614 | +€2,462 | +30.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.