SKB GROUP: 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 GROUP
Largest movements
- Stocks and contracts -€22,681
down €22,681 (-33.2%), from €68,299 to €45,618
- Tangible fixed assets -€1,765
down €1,765 (-53.9%), from €3,273 to €1,508
of which Furniture and vehicles: -€1,508
- Profit (loss) carried forward -€55,062
down €55,062 (-31.9%), from -€172,585 to -€227,647
- Other debts +€34,481
up €34,481 (+18.5%), from €186,138 to €220,619
- Trade debts -€6,778
down €6,778 (-13.3%), from €51,063 to €44,285
- Accrued charges and deferred income +€6,540
new in 2025: €6,540
- Tax, wage and social debts -€2,636
down €2,636 (-20.6%), from €12,790 to €10,154
- Other operating charges -€2,052
down €2,052 (-85.8%), from €2,391 to €339
- Financial charges +€1,294
up €1,294 (+223%), from €582 to €1,876
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 | €88,682 | €63,951 | -€24,731 | -27.9% |
| Fixed assets | 21/28 | €13,770 | €12,005 | -€1,765 | -12.8% |
| Tangible fixed assets | 22/27 | €3,273 | €1,508 | -€1,765 | -53.9% |
| Plant, machinery and equipment | 23 | €257 | - | -€257 | |
| Furniture and vehicles | 24 | €3,016 | €1,508 | -€1,508 | -50.0% |
| Financial fixed assets | 28 | €10,497 | €10,497 | = | 0.0% |
| Current assets | 29/58 | €74,912 | €51,946 | -€22,966 | -30.7% |
| Stocks and contracts in progress | 3 | €68,299 | €45,618 | -€22,681 | -33.2% |
| Stocks | 30/36 | €68,299 | €45,618 | -€22,681 | -33.2% |
| Amounts receivable within one year | 40/41 | €6,012 | €6,311 | +€299 | +5.0% |
| Trade receivables | 40 | €5,827 | €6,291 | +€463 | +8.0% |
| Other amounts receivable | 41 | €185 | €21 | -€164 | -88.8% |
| Cash at bank and in hand | 54/58 | €601 | €17 | -€584 | -97.1% |
| Total equity and liabilities | 10/49 | €88,682 | €63,951 | -€24,731 | -27.9% |
| Equity | 10/15 | -€162,585 | -€217,647 | -€55,062 | -33.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€172,585 | -€227,647 | -€55,062 | -31.9% |
| Amounts payable | 17/49 | €251,268 | €281,598 | +€30,331 | +12.1% |
| Amounts payable within one year | 42/48 | €251,268 | €275,058 | +€23,791 | +9.5% |
| Trade debts | 44 | €51,063 | €44,285 | -€6,778 | -13.3% |
| Suppliers | 440/4 | €51,063 | €44,285 | -€6,778 | -13.3% |
| Advances received on contracts in progress | 46 | €1,276 | - | -€1,276 | |
| Taxes, remuneration and social security | 45 | €12,790 | €10,154 | -€2,636 | -20.6% |
| Taxes | 450/3 | €12,790 | €10,154 | -€2,636 | -20.6% |
| Other amounts payable | 47/48 | €186,138 | €220,619 | +€34,481 | +18.5% |
| Accrued charges and deferred income | 492/3 | - | €6,540 | +€6,540 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,765 | €1,765 | = | 0.0% |
| Other operating charges | 640/8 | €2,391 | €339 | -€2,052 | -85.8% |
| Gross operating margin | 9900 | -€50,644 | -€51,084 | -€440 | -0.9% |
| Operating profit (loss) | 9901 | -€54,800 | -€53,189 | +€1,612 | +2.9% |
| Financial income | 75/76B | €3 | €2 | -€1 | -18.0% |
| Recurring financial income | 75 | €3 | €2 | -€1 | -18.0% |
| Financial charges | 65/66B | €582 | €1,876 | +€1,294 | +223% |
| Recurring financial charges | 65 | €582 | €1,876 | +€1,294 | +223% |
| Profit (loss) for the period before taxes | 9903 | -€55,379 | -€55,062 | +€317 | +0.6% |
| Profit (loss) for the period | 9904 | -€55,379 | -€55,062 | +€317 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,379 | -€55,062 | +€317 | +0.6% |
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 14 October 2026 via checked.be.