SKAPAR: 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.
SKAPAR
Largest movements
- Current investments +€100,000
up €100,000 (+25.0%), from €400,000 to €500,000
- Cash +€51,146
up €51,146 (+56.3%), from €90,836 to €141,982
mainly Net result for the year (+€113,353) and Receivables within one year (+€20,590)
- Receivables within one year -€20,590
down €20,590 (-31.4%), from €65,643 to €45,053
of which Trade receivables: -€20,580
- Reserves +€113,353
up €113,353 (+21.0%), from €539,238 to €652,592
- Tax, wage and social debts +€14,245
up €14,245 (+149.4%), from €9,535 to €23,780
of which Taxes: +€14,245
- Gross operating margin +€81,266
up €81,266 (+115.9%), from €70,105 to €151,371
- Taxes +€25,079
up €25,079 (+113.3%), from €22,141 to €47,220
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 | €565,469 | €694,241 | +€128,773 | +22.8% |
| Fixed assets | 21/28 | €2,356 | €1,473 | -€883 | -37.5% |
| Tangible fixed assets | 22/27 | €2,356 | €1,473 | -€883 | -37.5% |
| Furniture and vehicles | 24 | €2,356 | €1,473 | -€883 | -37.5% |
| Current assets | 29/58 | €563,113 | €692,769 | +€129,656 | +23.0% |
| Amounts receivable within one year | 40/41 | €65,643 | €45,053 | -€20,590 | -31.4% |
| Trade receivables | 40 | €59,143 | €38,563 | -€20,580 | -34.8% |
| Other amounts receivable | 41 | €6,500 | €6,491 | -€9 | -0.1% |
| Current investments | 50/53 | €400,000 | €500,000 | +€100,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €90,836 | €141,982 | +€51,146 | +56.3% |
| Deferred charges and accrued income | 490/1 | €6,634 | €5,733 | -€901 | -13.6% |
| Total equity and liabilities | 10/49 | €565,469 | €694,241 | +€128,773 | +22.8% |
| Equity | 10/15 | €551,638 | €664,992 | +€113,353 | +20.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €539,238 | €652,592 | +€113,353 | +21.0% |
| Distributable reserves | 133 | €539,238 | €652,592 | +€113,353 | +21.0% |
| Amounts payable | 17/49 | €13,831 | €29,250 | +€15,419 | +111.5% |
| Amounts payable within one year | 42/48 | €13,831 | €29,250 | +€15,419 | +111.5% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €9,535 | €23,780 | +€14,245 | +149.4% |
| Taxes | 450/3 | €6,710 | €20,955 | +€14,245 | +212.3% |
| Remuneration and social security | 454/9 | €2,825 | €2,825 | = | 0.0% |
| Other amounts payable | 47/48 | €4,295 | €5,469 | +€1,174 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €883 | €883 | = | 0.0% |
| Other operating charges | 640/8 | €1,083 | €1,657 | +€574 | +53.0% |
| Gross operating margin | 9900 | €70,105 | €151,371 | +€81,266 | +115.9% |
| Operating profit (loss) | 9901 | €68,139 | €148,831 | +€80,691 | +118.4% |
| Financial income | 75/76B | €12,107 | €11,969 | -€138 | -1.1% |
| Recurring financial income | 75 | €12,107 | €11,969 | -€138 | -1.1% |
| Financial charges | 65/66B | €265 | €226 | -€39 | -14.6% |
| Recurring financial charges | 65 | €265 | €226 | -€39 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €79,982 | €160,574 | +€80,592 | +100.8% |
| Income taxes | 67/77 | €22,141 | €47,220 | +€25,079 | +113.3% |
| Profit (loss) for the period | 9904 | €57,841 | €113,353 | +€55,513 | +96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,841 | €113,353 | +€55,513 | +96.0% |
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 7 October 2026 via checked.be.