SKELET DESIGN: 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.
SKELET DESIGN
Largest movements
- Cash +€23,545
up €23,545 (+42.8%), from €54,985 to €78,530
mainly Depreciation (+€18,021) and Advances received (+€9,975)
- Tangible fixed assets -€13,762
down €13,762 (-16.5%), from €83,463 to €69,700
of which Furniture and vehicles: -€12,399
- Receivables within one year +€11,569
up €11,569 (+85.6%), from €13,512 to €25,081
of which Trade receivables: +€14,185
- Deferred charges and accrued income -€3,944
down €3,944 (-87.7%), from €4,499 to €555
- Advances received +€9,975
new in 2025: €9,975
- Debts after one year -€9,703
down €9,703 (-56.5%), from €17,176 to €7,473
- Other debts +€8,972
up €8,972 (+55.5%), from €16,154 to €25,126
- Reserves +€7,948
up €7,948 (+8.4%), from €94,329 to €102,277
of which Distributable reserves: +€7,948
- Gross operating margin -€4,641
down €4,641 (-12.3%), from €37,685 to €33,044
- Depreciation -€1,376
down €1,376 (-7.1%), from €19,398 to €18,021
- Taxes -€678
down €678 (-15.9%), from €4,257 to €3,579
- Financial charges -€508
down €508 (-15.1%), from €3,359 to €2,852
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 | €156,459 | €173,866 | +€17,407 | +11.1% |
| Fixed assets | 21/28 | €83,463 | €69,700 | -€13,762 | -16.5% |
| Tangible fixed assets | 22/27 | €83,463 | €69,700 | -€13,762 | -16.5% |
| Land and buildings | 22 | €34,626 | €31,394 | -€3,233 | -9.3% |
| Plant, machinery and equipment | 23 | €998 | €876 | -€122 | -12.3% |
| Furniture and vehicles | 24 | €47,838 | €35,439 | -€12,399 | -25.9% |
| Other tangible fixed assets | 26 | - | €1,992 | +€1,992 | |
| Current assets | 29/58 | €72,996 | €104,166 | +€31,169 | +42.7% |
| Amounts receivable within one year | 40/41 | €13,512 | €25,081 | +€11,569 | +85.6% |
| Trade receivables | 40 | €9,440 | €23,625 | +€14,185 | +150% |
| Other amounts receivable | 41 | €4,072 | €1,455 | -€2,616 | -64.3% |
| Cash at bank and in hand | 54/58 | €54,985 | €78,530 | +€23,545 | +42.8% |
| Deferred charges and accrued income | 490/1 | €4,499 | €555 | -€3,944 | -87.7% |
| Total equity and liabilities | 10/49 | €156,459 | €173,866 | +€17,407 | +11.1% |
| Equity | 10/15 | €108,724 | €116,672 | +€7,948 | +7.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €94,329 | €102,277 | +€7,948 | +8.4% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Other | 1319 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €93,829 | €101,777 | +€7,948 | +8.5% |
| Profit (loss) carried forward | 14 | €13,895 | €13,895 | = | 0.0% |
| Amounts payable | 17/49 | €47,735 | €57,194 | +€9,459 | +19.8% |
| Amounts payable after more than one year | 17 | €17,176 | €7,473 | -€9,703 | -56.5% |
| Financial debts | 170/4 | €17,176 | €7,473 | -€9,703 | -56.5% |
| Amounts payable within one year | 42/48 | €29,345 | €49,720 | +€20,376 | +69.4% |
| Current portion of amounts payable after more than one year | 42 | €4,827 | €5,338 | +€511 | +10.6% |
| Trade debts | 44 | €1,103 | €2,004 | +€901 | +81.6% |
| Suppliers | 440/4 | €1,103 | €2,004 | +€901 | +81.6% |
| Advances received on contracts in progress | 46 | - | €9,975 | +€9,975 | |
| Taxes, remuneration and social security | 45 | €7,260 | €7,278 | +€17 | +0.2% |
| Taxes | 450/3 | €7,260 | €7,278 | +€17 | +0.2% |
| Other amounts payable | 47/48 | €16,154 | €25,126 | +€8,972 | +55.5% |
| Accrued charges and deferred income | 492/3 | €1,214 | €0 | -€1,214 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,398 | €18,021 | -€1,376 | -7.1% |
| Other operating charges | 640/8 | €628 | €644 | +€16 | +2.5% |
| Gross operating margin | 9900 | €37,685 | €33,044 | -€4,641 | -12.3% |
| Operating profit (loss) | 9901 | €17,660 | €14,379 | -€3,281 | -18.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €3,359 | €2,852 | -€508 | -15.1% |
| Recurring financial charges | 65 | €3,359 | €2,852 | -€508 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €14,300 | €11,527 | -€2,773 | -19.4% |
| Income taxes | 67/77 | €4,257 | €3,579 | -€678 | -15.9% |
| Profit (loss) for the period | 9904 | €10,043 | €7,948 | -€2,095 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,043 | €7,948 | -€2,095 | -20.9% |
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 16 October 2026 via checked.be.