SKELP: 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.
SKELP
Largest movements
- Cash +€25,784
up €25,784 (+101%), from €25,447 to €51,231
mainly Net result for the year (+€43,324) and Stocks and contracts (+€18,950)
- Stocks and contracts -€18,950
down €18,950 (-54.3%), from €34,898 to €15,948
of which Stocks: -€10,950
- Receivables within one year +€12,064
up €12,064 (+246%), from €4,900 to €16,964
of which Trade receivables: +€6,421
- Tangible fixed assets -€11,319
down €11,319 (-22.9%), from €49,428 to €38,109
of which Furniture and vehicles: -€10,268
- Debts after one year -€43,667
down €43,667 (-54.1%), from €80,755 to €37,088
of which Other amounts payable: -€35,500
- Reserves +€43,324
up €43,324 (+402%), from €10,786 to €54,110
- Other debts +€3,989
up €3,989 (+1,080%), from €369 to €4,358
- Trade debts +€2,669
up €2,669 (+193%), from €1,384 to €4,053
- Gross operating margin +€43,314
up €43,314 (+158%), from €27,358 to €70,672
- Taxes +€9,363
up €9,363 (+575%), from €1,629 to €10,991
- Depreciation +€5,694
up €5,694 (+88.9%), from €6,405 to €12,099
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 | €117,595 | €124,396 | +€6,801 | +5.8% |
| Formation expenses | 20 | €1,895 | €1,115 | -€780 | -41.2% |
| Fixed assets | 21/28 | €49,428 | €38,109 | -€11,319 | -22.9% |
| Tangible fixed assets | 22/27 | €49,428 | €38,109 | -€11,319 | -22.9% |
| Plant, machinery and equipment | 23 | €3,118 | €2,067 | -€1,051 | -33.7% |
| Furniture and vehicles | 24 | €46,310 | €36,042 | -€10,268 | -22.2% |
| Current assets | 29/58 | €66,273 | €85,172 | +€18,899 | +28.5% |
| Stocks and contracts in progress | 3 | €34,898 | €15,948 | -€18,950 | -54.3% |
| Stocks | 30/36 | €26,898 | €15,948 | -€10,950 | -40.7% |
| Contracts in progress | 37 | €8,000 | €0 | -€8,000 | -100% |
| Amounts receivable within one year | 40/41 | €4,900 | €16,964 | +€12,064 | +246% |
| Trade receivables | 40 | €4,900 | €11,321 | +€6,421 | +131% |
| Other amounts receivable | 41 | €0 | €5,643 | +€5,643 | |
| Cash at bank and in hand | 54/58 | €25,447 | €51,231 | +€25,784 | +101% |
| Deferred charges and accrued income | 490/1 | €1,027 | €1,028 | +€1 | +0.1% |
| Total equity and liabilities | 10/49 | €117,595 | €124,396 | +€6,801 | +5.8% |
| Equity | 10/15 | €20,786 | €64,110 | +€43,324 | +208% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €10,786 | €54,110 | +€43,324 | +402% |
| Distributable reserves | 133 | €10,786 | €54,110 | +€43,324 | +402% |
| Amounts payable | 17/49 | €96,810 | €60,286 | -€36,524 | -37.7% |
| Amounts payable after more than one year | 17 | €80,755 | €37,088 | -€43,667 | -54.1% |
| Financial debts | 170/4 | €31,605 | €23,438 | -€8,167 | -25.8% |
| Other amounts payable | 178/9 | €49,150 | €13,650 | -€35,500 | -72.2% |
| Amounts payable within one year | 42/48 | €16,055 | €23,198 | +€7,143 | +44.5% |
| Current portion of amounts payable after more than one year | 42 | €7,848 | €8,167 | +€319 | +4.1% |
| Trade debts | 44 | €1,384 | €4,053 | +€2,669 | +193% |
| Suppliers | 440/4 | €1,384 | €4,053 | +€2,669 | +193% |
| Taxes, remuneration and social security | 45 | €6,454 | €6,620 | +€166 | +2.6% |
| Taxes | 450/3 | €4,854 | €6,620 | +€1,766 | +36.4% |
| Remuneration and social security | 454/9 | €1,600 | €0 | -€1,600 | -100% |
| Other amounts payable | 47/48 | €369 | €4,358 | +€3,989 | +1,080% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,405 | €12,099 | +€5,694 | +88.9% |
| Other operating charges | 640/8 | €2,620 | €2,375 | -€245 | -9.4% |
| Non-recurring operating charges | 66A | €5,257 | €0 | -€5,257 | -100% |
| Gross operating margin | 9900 | €27,358 | €70,672 | +€43,314 | +158% |
| Operating profit (loss) | 9901 | €13,076 | €56,198 | +€43,123 | +330% |
| Financial income | 75/76B | €109 | €4 | -€104 | -96.0% |
| Recurring financial income | 75 | €109 | €4 | -€104 | -96.0% |
| Financial charges | 65/66B | €1,894 | €1,887 | -€7 | -0.4% |
| Recurring financial charges | 65 | €1,894 | €1,887 | -€7 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €11,290 | €54,316 | +€43,025 | +381% |
| Income taxes | 67/77 | €1,629 | €10,991 | +€9,363 | +575% |
| Profit (loss) for the period | 9904 | €9,662 | €43,324 | +€33,662 | +348% |
| Profit (loss) for the period to be appropriated | 9905 | €9,662 | €43,324 | +€33,662 | +348% |
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 18 October 2026 via checked.be.