SKB: 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.
SKB
Largest movements
- Receivables within one year +€140,851
up €140,851 (+134%), from €104,780 to €245,631
of which Trade receivables: +€115,350
- Tangible fixed assets -€61,948
down €61,948 (-5.0%), from €1.2m to €1.2m
of which Other tangible fixed assets: -€43,542
- Other debts +€101,398
up €101,398 (+14.4%), from €703,914 to €805,312
- Debts after one year -€91,867
down €91,867 (-7.9%), from €1.2m to €1.1m
- Trade debts +€48,382
up €48,382 (+86.9%), from €55,652 to €104,034
- Tax, wage and social debts +€46,657
up €46,657 (+1,023%), from €4,559 to €51,216
of which Taxes: +€46,314
- Gross operating margin +€31,568
up €31,568 (+12.5%), from €251,554 to €283,122
- Financial income +€18,595
up €18,595 (+620%), from €3,000 to €21,595
of which Non-recurring financial income: +€18,595
- Other operating charges +€17,870
up €17,870 (+307%), from €5,820 to €23,690
- Financial charges -€10,619
down €10,619 (-19.4%), from €54,821 to €44,202
- Staff costs +€9,125
up €9,125 (+34.0%), from €26,819 to €35,944
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 | €2,409,841 | €2,500,939 | +€91,098 | +3.8% |
| Fixed assets | 21/28 | €2,282,306 | €2,220,358 | -€61,948 | -2.7% |
| Tangible fixed assets | 22/27 | €1,226,720 | €1,164,772 | -€61,948 | -5.0% |
| Land and buildings | 22 | €859,350 | €835,690 | -€23,660 | -2.8% |
| Furniture and vehicles | 24 | €5,301 | €10,556 | +€5,255 | +99.1% |
| Other tangible fixed assets | 26 | €362,068 | €318,526 | -€43,542 | -12.0% |
| Financial fixed assets | 28 | €1,055,586 | €1,055,586 | -€0 | 0.0% |
| Current assets | 29/58 | €127,535 | €280,581 | +€153,046 | +120% |
| Amounts receivable within one year | 40/41 | €104,780 | €245,631 | +€140,851 | +134% |
| Trade receivables | 40 | €100,088 | €215,438 | +€115,350 | +115% |
| Other amounts receivable | 41 | €4,692 | €30,193 | +€25,501 | +544% |
| Cash at bank and in hand | 54/58 | €22,755 | €30,956 | +€8,201 | +36.0% |
| Deferred charges and accrued income | 490/1 | - | €3,994 | +€3,994 | |
| Total equity and liabilities | 10/49 | €2,409,841 | €2,500,939 | +€91,098 | +3.8% |
| Equity | 10/15 | €398,281 | €380,769 | -€17,512 | -4.4% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Contributions outside capital | 11 | €13,000 | €13,000 | = | 0.0% |
| Other | 1109/19 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €300,927 | €286,415 | -€14,512 | -4.8% |
| Investment grants | 15 | €82,494 | €79,494 | -€3,000 | -3.6% |
| Amounts payable | 17/49 | €2,011,560 | €2,120,170 | +€108,610 | +5.4% |
| Amounts payable after more than one year | 17 | €1,157,735 | €1,065,868 | -€91,867 | -7.9% |
| Financial debts | 170/4 | €1,157,735 | €1,065,868 | -€91,867 | -7.9% |
| Amounts payable within one year | 42/48 | €853,825 | €1,054,302 | +€200,477 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €89,499 | €93,740 | +€4,241 | +4.7% |
| Financial debts | 43 | €200 | - | -€200 | |
| Other loans | 439 | €200 | - | -€200 | |
| Trade debts | 44 | €55,652 | €104,034 | +€48,382 | +86.9% |
| Suppliers | 440/4 | €55,652 | €104,034 | +€48,382 | +86.9% |
| Taxes, remuneration and social security | 45 | €4,559 | €51,216 | +€46,657 | +1,023% |
| Taxes | 450/3 | €2,367 | €48,681 | +€46,314 | +1,956% |
| Remuneration and social security | 454/9 | €2,192 | €2,535 | +€343 | +15.7% |
| Other amounts payable | 47/48 | €703,914 | €805,312 | +€101,398 | +14.4% |
| Non-recurring operating income | 76A | €17,355 | - | -€17,355 | |
| Remuneration, social security and pensions | 62 | €26,819 | €35,944 | +€9,125 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,681 | €93,088 | +€2,407 | +2.7% |
| Other operating charges | 640/8 | €5,820 | €23,690 | +€17,870 | +307% |
| Gross operating margin | 9900 | €251,554 | €283,122 | +€31,568 | +12.5% |
| Operating profit (loss) | 9901 | €128,234 | €130,400 | +€2,166 | +1.7% |
| Financial income | 75/76B | €3,000 | €21,595 | +€18,595 | +620% |
| Recurring financial income | 75 | €3,000 | €3,000 | +€0 | 0.0% |
| Non-recurring financial income | 76B | - | €18,595 | +€18,595 | |
| Financial charges | 65/66B | €54,821 | €44,202 | -€10,619 | -19.4% |
| Recurring financial charges | 65 | €54,821 | €44,202 | -€10,619 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €76,412 | €107,793 | +€31,381 | +41.1% |
| Income taxes | 67/77 | €20,541 | €22,305 | +€1,764 | +8.6% |
| Profit (loss) for the period | 9904 | €55,871 | €85,488 | +€29,617 | +53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,871 | €85,488 | +€29,617 | +53.0% |
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 17 October 2026 via checked.be.