SKB Construct: 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.
What changed
SKB Construct
NACE 43.410, Roofing work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€20,225
2024 · €15,464+€4,761
Equity
€213,276
2024 · €193,051+€20,225
Cash
€3,041
2024 · €6,060-€3,020
Balance sheet total
€574,150
2024 · €615,556-€41,406
Largest movements
Assets
- Tangible fixed assets -€55,760
down €55,760 (-15.7%), from €354,273 to €298,514
of which Leasing and similar rights: -€51,286
- Receivables after one year +€18,568
up €18,568 (+20.5%), from €90,709 to €109,277
Equity and liabilities
- Debts after one year -€42,448
down €42,448 (-19.5%), from €217,748 to €175,300
- Trade debts -€25,504
down €25,504 (-46.8%), from €54,528 to €29,025
- Reserves +€20,225
up €20,225 (+11.6%), from €174,451 to €194,676
Income statement
- Depreciation -€20,352
down €20,352 (-23.0%), from €88,342 to €67,989
- Gross operating margin -€16,052
down €16,052 (-7.5%), from €213,988 to €197,936
- Staff costs -€15,900
down €15,900 (-20.5%), from €77,456 to €61,557
- Other operating charges +€13,308
up €13,308 (+189%), from €7,059 to €20,367
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.
Result 2024
€15,464
Gross operating margin
-€16,052
Staff costs
+€15,900
Depreciation
+€20,352
Other operating charges
-€13,308
Financial income
-€959
Financial charges
-€1,200
Taxes
+€28
Result 2025
€20,225
raises the resultlowers the result
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.
From operations
+€47,741
Investment
-€12,230
Financing
-€38,531
Cash 2024
€6,060
From operations (derived)
+€47,741
Net result for the year
+€20,225
Depreciation
+€67,989
Receivables after one year
-€18,568
Stocks and contracts
+€325
Receivables within one year
+€1,041
Deferred charges and accrued income
-€173
Trade debts
-€25,504
Tax, wage and social debts
+€3,054
Accrued charges and deferred income
-€650
Investment (derived)
-€12,230
Investment in fixed assets (net)
-€12,230
Financing
-€38,531
Debts after one year
-€42,448
Current portion of long-term debt
+€6,154
Short-term financial debts
-€2,238
Cash 2025
€3,041
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €615,556 | €574,150 | -€41,406 | -6.7% |
| Fixed assets | 21/28 | €354,273 | €298,514 | -€55,760 | -15.7% |
| Tangible fixed assets | 22/27 | €354,273 | €298,514 | -€55,760 | -15.7% |
| Land and buildings | 22 | €100,550 | €96,478 | -€4,072 | -4.0% |
| Plant, machinery and equipment | 23 | €3,263 | €6,242 | +€2,979 | +91.3% |
| Furniture and vehicles | 24 | €83,591 | €75,850 | -€7,742 | -9.3% |
| Leasing and similar rights | 25 | €163,833 | €112,548 | -€51,286 | -31.3% |
| Other tangible fixed assets | 26 | €3,035 | €7,396 | +€4,361 | +144% |
| Current assets | 29/58 | €261,283 | €275,637 | +€14,354 | +5.5% |
| Amounts receivable after more than one year | 29 | €90,709 | €109,277 | +€18,568 | +20.5% |
| Other amounts receivable | 291 | €90,709 | €109,277 | +€18,568 | +20.5% |
| Stocks and contracts in progress | 3 | €3,708 | €3,383 | -€325 | -8.8% |
| Stocks | 30/36 | €3,708 | €3,383 | -€325 | -8.8% |
| Amounts receivable within one year | 40/41 | €151,833 | €150,791 | -€1,041 | -0.7% |
| Trade receivables | 40 | €128,679 | €125,315 | -€3,364 | -2.6% |
| Other amounts receivable | 41 | €23,154 | €25,477 | +€2,323 | +10.0% |
| Cash at bank and in hand | 54/58 | €6,060 | €3,041 | -€3,020 | -49.8% |
| Deferred charges and accrued income | 490/1 | €8,973 | €9,145 | +€173 | +1.9% |
| Total equity and liabilities | 10/49 | €615,556 | €574,150 | -€41,406 | -6.7% |
| Equity | 10/15 | €193,051 | €213,276 | +€20,225 | +10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €174,451 | €194,676 | +€20,225 | +11.6% |
| Distributable reserves | 133 | €174,451 | €194,676 | +€20,225 | +11.6% |
| Amounts payable | 17/49 | €422,505 | €360,875 | -€61,631 | -14.6% |
| Amounts payable after more than one year | 17 | €217,748 | €175,300 | -€42,448 | -19.5% |
| Financial debts | 170/4 | €217,748 | €175,300 | -€42,448 | -19.5% |
| Amounts payable within one year | 42/48 | €204,108 | €185,575 | -€18,533 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €77,541 | €83,696 | +€6,154 | +7.9% |
| Financial debts | 43 | €67,736 | €65,498 | -€2,238 | -3.3% |
| Credit institutions | 430/8 | €67,736 | €65,498 | -€2,238 | -3.3% |
| Trade debts | 44 | €54,528 | €29,025 | -€25,504 | -46.8% |
| Suppliers | 440/4 | €54,528 | €29,025 | -€25,504 | -46.8% |
| Taxes, remuneration and social security | 45 | €4,302 | €7,356 | +€3,054 | +71.0% |
| Taxes | 450/3 | - | €1,362 | +€1,362 | |
| Remuneration and social security | 454/9 | €4,302 | €5,994 | +€1,692 | +39.3% |
| Accrued charges and deferred income | 492/3 | €650 | - | -€650 | |
| Remuneration, social security and pensions | 62 | €77,456 | €61,557 | -€15,900 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,342 | €67,989 | -€20,352 | -23.0% |
| Other operating charges | 640/8 | €7,059 | €20,367 | +€13,308 | +189% |
| Gross operating margin | 9900 | €213,988 | €197,936 | -€16,052 | -7.5% |
| Operating profit (loss) | 9901 | €41,132 | €48,024 | +€6,892 | +16.8% |
| Financial income | 75/76B | €3,416 | €2,458 | -€959 | -28.1% |
| Recurring financial income | 75 | €3,416 | €2,458 | -€959 | -28.1% |
| Financial charges | 65/66B | €18,999 | €20,199 | +€1,200 | +6.3% |
| Recurring financial charges | 65 | €18,850 | €20,199 | +€1,350 | +7.2% |
| Non-recurring financial charges | 66B | €150 | - | -€150 | |
| Profit (loss) for the period before taxes | 9903 | €25,549 | €30,282 | +€4,733 | +18.5% |
| Income taxes | 67/77 | €10,085 | €10,058 | -€28 | -0.3% |
| Profit (loss) for the period | 9904 | €15,464 | €20,225 | +€4,761 | +30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,464 | €20,225 | +€4,761 | +30.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.