SKEDLE: 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.
SKEDLE
Largest movements
- Intangible fixed assets +€97,917
up €97,917 (+19.2%), from €509,635 to €607,553
- Cash +€38,945
up €38,945 (+161.7%), from €24,088 to €63,033
mainly Contributions, distributions and other (+€350,000) and Debts after one year (+€133,043)
- Receivables within one year +€7,270
up €7,270 (+98.7%), from €7,363 to €14,633
of which Trade receivables: +€5,077
- Contributions +€350,000
up €350,000 (+350.0%), from €100,000 to €450,000
- Profit (loss) carried forward -€283,158
down €283,158, from €4,345 to -€278,813
- Debts after one year +€133,043
up €133,043 (+92.7%), from €143,561 to €276,604
- Other debts -€108,890
down €108,890 (-100.0%), from €108,890 to €0
- Trade debts +€37,734
up €37,734 (+38.2%), from €98,780 to €136,514
- Gross operating margin -€260,239
down €260,239, from €62,558 to -€197,682
- Depreciation +€19,720
up €19,720 (+42.5%), from €46,437 to €66,156
- Financial charges +€6,057
up €6,057 (+49.6%), from €12,202 to €18,259
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 | €544,334 | €690,571 | +€146,237 | +26.9% |
| Fixed assets | 21/28 | €509,635 | €607,553 | +€97,917 | +19.2% |
| Intangible fixed assets | 21 | €509,635 | €607,553 | +€97,917 | +19.2% |
| Current assets | 29/58 | €34,698 | €83,018 | +€48,320 | +139.3% |
| Amounts receivable within one year | 40/41 | €7,363 | €14,633 | +€7,270 | +98.7% |
| Trade receivables | 40 | €1,000 | €6,077 | +€5,077 | +507.7% |
| Other amounts receivable | 41 | €6,363 | €8,556 | +€2,193 | +34.5% |
| Cash at bank and in hand | 54/58 | €24,088 | €63,033 | +€38,945 | +161.7% |
| Deferred charges and accrued income | 490/1 | €3,247 | €5,352 | +€2,105 | +64.8% |
| Total equity and liabilities | 10/49 | €544,334 | €690,571 | +€146,237 | +26.9% |
| Equity | 10/15 | €104,573 | €171,416 | +€66,842 | +63.9% |
| Contributions | 10/11 | €100,000 | €450,000 | +€350,000 | +350.0% |
| Capital | 10 | €100,000 | €450,000 | +€350,000 | +350.0% |
| Issued capital | 100 | €100,000 | €825,000 | +€725,000 | +725.0% |
| Uncalled capital | 101 | - | €375,000 | +€375,000 | |
| Reserves | 13 | €229 | €229 | = | 0.0% |
| Non-distributable reserves | 130/1 | €229 | €229 | = | 0.0% |
| Legal reserve | 130 | €229 | €229 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,345 | -€278,813 | -€283,158 | |
| Amounts payable | 17/49 | €439,760 | €519,155 | +€79,395 | +18.1% |
| Amounts payable after more than one year | 17 | €143,561 | €276,604 | +€133,043 | +92.7% |
| Financial debts | 170/4 | €143,561 | €276,604 | +€133,043 | +92.7% |
| Amounts payable within one year | 42/48 | €291,223 | €209,949 | -€81,274 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €83,553 | €73,434 | -€10,118 | -12.1% |
| Trade debts | 44 | €98,780 | €136,514 | +€37,734 | +38.2% |
| Suppliers | 440/4 | €98,780 | €136,514 | +€37,734 | +38.2% |
| Other amounts payable | 47/48 | €108,890 | €0 | -€108,890 | -100.0% |
| Accrued charges and deferred income | 492/3 | €4,977 | €32,602 | +€27,625 | +555.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,437 | €66,156 | +€19,720 | +42.5% |
| Other operating charges | 640/8 | €613 | €1,104 | +€491 | +80.1% |
| Gross operating margin | 9900 | €62,558 | -€197,682 | -€260,239 | |
| Operating profit (loss) | 9901 | €15,508 | -€264,942 | -€280,450 | |
| Financial income | 75/76B | - | €43 | +€43 | |
| Recurring financial income | 75 | - | €43 | +€43 | |
| Financial charges | 65/66B | €12,202 | €18,259 | +€6,057 | +49.6% |
| Recurring financial charges | 65 | €12,202 | €18,259 | +€6,057 | +49.6% |
| Profit (loss) for the period before taxes | 9903 | €3,306 | -€283,158 | -€286,463 | |
| Profit (loss) for the period | 9904 | €3,306 | -€283,158 | -€286,463 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,306 | -€283,158 | -€286,463 |
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.