SKD: 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.
SKD
Largest movements
- Tangible fixed assets -€18,217
down €18,217 (-31.2%), from €58,464 to €40,247
of which Leasing and similar rights: -€9,759
- Receivables within one year +€16,845
up €16,845 (+76.5%), from €22,030 to €38,875
of which Trade receivables: +€24,996
- Cash +€13,581
up €13,581 (+240.5%), from €5,646 to €19,227
mainly Depreciation (+€18,550) and Net result for the year (+€11,259)
- Stocks and contracts -€8,500
down €8,500 (-77.3%), from €11,000 to €2,500
- Deferred charges and accrued income +€1,402
up €1,402 (+41.1%), from €3,413 to €4,814
- Profit (loss) carried forward +€11,259
up €11,259 (+75.0%), from -€15,015 to -€3,756
- Debts after one year -€11,225
down €11,225 (-79.6%), from €14,101 to €2,877
- Trade debts +€5,295
up €5,295 (+35.1%), from €15,075 to €20,369
of which Suppliers: +€5,378
- Current portion of long-term debt -€3,962
down €3,962 (-26.1%), from €15,187 to €11,225
- Tax, wage and social debts +€2,770
up €2,770 (+68.2%), from €4,059 to €6,829
of which Taxes: +€3,278
- Gross operating margin +€28,113
up €28,113 (+93.9%), from €29,923 to €58,036
- Staff costs -€2,733
down €2,733 (-13.6%), from €20,030 to €17,297
- Taxes +€2,566
up €2,566 (+1105.6%), from €232 to €2,798
- Other operating charges +€1,164
up €1,164 (+33.2%), from €3,508 to €4,672
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 | €100,553 | €105,663 | +€5,109 | +5.1% |
| Fixed assets | 21/28 | €58,464 | €40,247 | -€18,217 | -31.2% |
| Tangible fixed assets | 22/27 | €58,464 | €40,247 | -€18,217 | -31.2% |
| Plant, machinery and equipment | 23 | €3,030 | €1,821 | -€1,210 | -39.9% |
| Furniture and vehicles | 24 | €4,954 | €2,637 | -€2,317 | -46.8% |
| Leasing and similar rights | 25 | €31,843 | €22,084 | -€9,759 | -30.6% |
| Other tangible fixed assets | 26 | €18,637 | €13,705 | -€4,932 | -26.5% |
| Current assets | 29/58 | €42,089 | €65,416 | +€23,327 | +55.4% |
| Stocks and contracts in progress | 3 | €11,000 | €2,500 | -€8,500 | -77.3% |
| Stocks | 30/36 | €11,000 | €2,500 | -€8,500 | -77.3% |
| Amounts receivable within one year | 40/41 | €22,030 | €38,875 | +€16,845 | +76.5% |
| Trade receivables | 40 | €13,878 | €38,875 | +€24,996 | +180.1% |
| Other amounts receivable | 41 | €8,152 | - | -€8,152 | |
| Cash at bank and in hand | 54/58 | €5,646 | €19,227 | +€13,581 | +240.5% |
| Deferred charges and accrued income | 490/1 | €3,413 | €4,814 | +€1,402 | +41.1% |
| Total equity and liabilities | 10/49 | €100,553 | €105,663 | +€5,109 | +5.1% |
| Equity | 10/15 | €34,203 | €45,462 | +€11,259 | +32.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,618 | €30,618 | = | 0.0% |
| Distributable reserves | 133 | €30,618 | €30,618 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,015 | -€3,756 | +€11,259 | +75.0% |
| Amounts payable | 17/49 | €66,350 | €60,200 | -€6,150 | -9.3% |
| Amounts payable after more than one year | 17 | €14,101 | €2,877 | -€11,225 | -79.6% |
| Financial debts | 170/4 | €14,101 | €2,877 | -€11,225 | -79.6% |
| Amounts payable within one year | 42/48 | €51,621 | €54,472 | +€2,852 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €15,187 | €11,225 | -€3,962 | -26.1% |
| Trade debts | 44 | €15,075 | €20,369 | +€5,295 | +35.1% |
| Suppliers | 440/4 | €14,991 | €20,369 | +€5,378 | +35.9% |
| Bills of exchange payable | 441 | €83 | - | -€83 | |
| Taxes, remuneration and social security | 45 | €4,059 | €6,829 | +€2,770 | +68.2% |
| Taxes | 450/3 | - | €3,278 | +€3,278 | |
| Remuneration and social security | 454/9 | €4,059 | €3,551 | -€508 | -12.5% |
| Other amounts payable | 47/48 | €17,300 | €16,050 | -€1,250 | -7.2% |
| Accrued charges and deferred income | 492/3 | €628 | €2,851 | +€2,223 | +353.9% |
| Remuneration, social security and pensions | 62 | €20,030 | €17,297 | -€2,733 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,780 | €18,550 | -€230 | -1.2% |
| Other operating charges | 640/8 | €3,508 | €4,672 | +€1,164 | +33.2% |
| Non-recurring operating charges | 66A | - | €1,347 | +€1,347 | |
| Gross operating margin | 9900 | €29,923 | €58,036 | +€28,113 | +93.9% |
| Operating profit (loss) | 9901 | -€12,395 | €16,170 | +€28,565 | |
| Financial income | 75/76B | €25 | €73 | +€48 | +192.7% |
| Recurring financial income | 75 | €25 | €73 | +€48 | +192.7% |
| Financial charges | 65/66B | €2,366 | €2,186 | -€180 | -7.6% |
| Recurring financial charges | 65 | €2,366 | €2,186 | -€180 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,736 | €14,057 | +€28,793 | |
| Income taxes | 67/77 | €232 | €2,798 | +€2,566 | +1105.6% |
| Profit (loss) for the period | 9904 | -€14,968 | €11,259 | +€26,227 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,968 | €11,259 | +€26,227 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.