SKELLET: 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.
SKELLET
Largest movements
- Cash -€1.5m
down €1.5m (-76.5%), from €1.9m to €447,063
mainly Receivables within one year (-€805,858) and Trade debts (-€271,852)
- Receivables within one year +€805,858
up €805,858 (+33.2%), from €2.4m to €3.2m
of which Other amounts receivable: +€438,063
- Trade debts -€271,852
down €271,852 (-28.2%), from €965,117 to €693,265
- Reserves -€270,746
down €270,746 (-7.4%), from €3.7m to €3.4m
- Tax, wage and social debts -€76,432
no longer reported in 2026 (was €76,432)
- Gross operating margin -€2.1m
down €2.1m, from €1.9m to -€279,437
- Taxes -€74,106
down €74,106 (-97.8%), from €75,770 to €1,664
- Financial income +€30,408
up €30,408 (+1,110%), from €2,739 to €33,146
of which Financial income: +€29,116
- Depreciation +€19,910
new in 2026: €19,910
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,017,506 | €4,398,475 | -€619,031 | -12.3% |
| Formation expenses | 20 | €2,282 | - | -€2,282 | |
| Fixed assets | 21/28 | €536,550 | €579,640 | +€43,090 | +8.0% |
| Intangible fixed assets | 21 | €200,000 | €200,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €36,550 | €79,640 | +€43,090 | +118% |
| Furniture and vehicles | 24 | €36,550 | €79,640 | +€43,090 | +118% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €4,478,675 | €3,818,835 | -€659,840 | -14.7% |
| Stocks and contracts in progress | 3 | €150,495 | €138,710 | -€11,785 | -7.8% |
| Stocks | 30/36 | €150,495 | €138,710 | -€11,785 | -7.8% |
| Amounts receivable within one year | 40/41 | €2,427,204 | €3,233,062 | +€805,858 | +33.2% |
| Trade receivables | 40 | €508,205 | €876,000 | +€367,795 | +72.4% |
| Other amounts receivable | 41 | €1,918,999 | €2,357,062 | +€438,063 | +22.8% |
| Cash at bank and in hand | 54/58 | €1,900,976 | €447,063 | -€1.5m | -76.5% |
| Total equity and liabilities | 10/49 | €5,017,506 | €4,398,475 | -€619,031 | -12.3% |
| Equity | 10/15 | €3,975,956 | €3,705,210 | -€270,746 | -6.8% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €3,675,956 | €3,405,210 | -€270,746 | -7.4% |
| Distributable reserves | 133 | €3,675,956 | €3,405,210 | -€270,746 | -7.4% |
| Amounts payable | 17/49 | €1,041,550 | €693,265 | -€348,285 | -33.4% |
| Amounts payable within one year | 42/48 | €1,041,550 | €693,265 | -€348,285 | -33.4% |
| Trade debts | 44 | €965,117 | €693,265 | -€271,852 | -28.2% |
| Suppliers | 440/4 | €965,117 | €693,265 | -€271,852 | -28.2% |
| Taxes, remuneration and social security | 45 | €76,432 | - | -€76,432 | |
| Taxes | 450/3 | €76,432 | - | -€76,432 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €19,910 | +€19,910 | |
| Other operating charges | 640/8 | €968 | €1,517 | +€549 | +56.8% |
| Non-recurring operating charges | 66A | - | €763 | +€763 | |
| Gross operating margin | 9900 | €1,865,963 | -€279,437 | -€2.1m | |
| Operating profit (loss) | 9901 | €1,864,996 | -€301,626 | -€2.2m | |
| Financial income | 75/76B | €2,739 | €33,146 | +€30,408 | +1,110% |
| Recurring financial income | 75 | €2,739 | €31,855 | +€29,116 | +1,063% |
| Non-recurring financial income | 76B | - | €1,291 | +€1,291 | |
| Financial charges | 65/66B | €98 | €472 | +€373 | +379% |
| Recurring financial charges | 65 | €98 | €472 | +€373 | +379% |
| Profit (loss) for the period before taxes | 9903 | €1,867,636 | -€268,952 | -€2.1m | |
| Income taxes | 67/77 | €75,770 | €1,664 | -€74,106 | -97.8% |
| Profit (loss) for the period | 9904 | €1,791,866 | -€270,615 | -€2.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,791,866 | -€270,615 | -€2.1m |
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.