Skelte: 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.
Skelte
Largest movements
- Tangible fixed assets +€109,815
up €109,815 (+86.1%), from €127,500 to €237,314
of which Land and buildings: +€110,083
- Receivables within one year +€35,564
up €35,564 (+260.2%), from €13,670 to €49,234
of which Other amounts receivable: +€22,652
- Cash -€17,411
down €17,411 (-73.6%), from €23,645 to €6,234
mainly Investment in fixed assets (net) (-€122,467) and Receivables within one year (-€35,564)
- Debts after one year +€98,565
up €98,565 (+87.9%), from €112,100 to €210,665
- Trade debts +€17,629
up €17,629 (+375.7%), from €4,692 to €22,321
- Tax, wage and social debts +€14,590
up €14,590 (+56.3%), from €25,900 to €40,490
of which Remuneration and social security: +€10,857
- Profit (loss) carried forward -€6,182
new in 2025: -€6,182
- Staff costs +€65,935
up €65,935 (+91.9%), from €71,713 to €137,649
- Gross operating margin +€42,165
up €42,165 (+38.6%), from €109,343 to €151,508
- Depreciation +€8,599
up €8,599 (+212.1%), from €4,054 to €12,653
- Taxes -€8,361
down €8,361, from €7,091 to -€1,271
- Financial charges +€4,824
up €4,824 (+294.3%), from €1,639 to €6,463
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 | €179,094 | €305,038 | +€125,944 | +70.3% |
| Fixed assets | 21/28 | €127,500 | €237,314 | +€109,815 | +86.1% |
| Tangible fixed assets | 22/27 | €127,500 | €237,314 | +€109,815 | +86.1% |
| Land and buildings | 22 | €117,977 | €228,060 | +€110,083 | +93.3% |
| Plant, machinery and equipment | 23 | €8,919 | €7,843 | -€1,076 | -12.1% |
| Furniture and vehicles | 24 | €604 | €1,411 | +€807 | +133.6% |
| Current assets | 29/58 | €51,594 | €67,724 | +€16,130 | +31.3% |
| Stocks and contracts in progress | 3 | €13,929 | €12,256 | -€1,673 | -12.0% |
| Stocks | 30/36 | €13,929 | €12,256 | -€1,673 | -12.0% |
| Amounts receivable within one year | 40/41 | €13,670 | €49,234 | +€35,564 | +260.2% |
| Trade receivables | 40 | €1,805 | €14,717 | +€12,912 | +715.5% |
| Other amounts receivable | 41 | €11,865 | €34,517 | +€22,652 | +190.9% |
| Cash at bank and in hand | 54/58 | €23,645 | €6,234 | -€17,411 | -73.6% |
| Deferred charges and accrued income | 490/1 | €350 | €0 | -€350 | -100.0% |
| Total equity and liabilities | 10/49 | €179,094 | €305,038 | +€125,944 | +70.3% |
| Equity | 10/15 | €28,375 | €22,193 | -€6,182 | -21.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €23,375 | €23,375 | = | 0.0% |
| Distributable reserves | 133 | €23,375 | €23,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,182 | -€6,182 | |
| Amounts payable | 17/49 | €150,718 | €282,845 | +€132,126 | +87.7% |
| Amounts payable after more than one year | 17 | €112,100 | €210,665 | +€98,565 | +87.9% |
| Financial debts | 170/4 | €112,100 | €210,665 | +€98,565 | +87.9% |
| Amounts payable within one year | 42/48 | €38,238 | €72,180 | +€33,942 | +88.8% |
| Current portion of amounts payable after more than one year | 42 | €6,591 | €9,369 | +€2,777 | +42.1% |
| Trade debts | 44 | €4,692 | €22,321 | +€17,629 | +375.7% |
| Suppliers | 440/4 | €4,692 | €22,321 | +€17,629 | +375.7% |
| Advances received on contracts in progress | 46 | €1,054 | €0 | -€1,054 | -100.0% |
| Taxes, remuneration and social security | 45 | €25,900 | €40,490 | +€14,590 | +56.3% |
| Taxes | 450/3 | €21,804 | €25,538 | +€3,733 | +17.1% |
| Remuneration and social security | 454/9 | €4,096 | €14,953 | +€10,857 | +265.1% |
| Accrued charges and deferred income | 492/3 | €381 | €0 | -€381 | -100.0% |
| Remuneration, social security and pensions | 62 | €71,713 | €137,649 | +€65,935 | +91.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,054 | €12,653 | +€8,599 | +212.1% |
| Other operating charges | 640/8 | €1,970 | €3,614 | +€1,643 | +83.4% |
| Gross operating margin | 9900 | €109,343 | €151,508 | +€42,165 | +38.6% |
| Operating profit (loss) | 9901 | €31,606 | -€2,407 | -€34,012 | |
| Financial income | 75/76B | €499 | €1,417 | +€917 | +183.7% |
| Recurring financial income | 75 | €499 | €1,417 | +€917 | +183.7% |
| Financial charges | 65/66B | €1,639 | €6,463 | +€4,824 | +294.3% |
| Recurring financial charges | 65 | €1,639 | €6,463 | +€4,824 | +294.3% |
| Profit (loss) for the period before taxes | 9903 | €30,466 | -€7,453 | -€37,919 | |
| Income taxes | 67/77 | €7,091 | -€1,271 | -€8,361 | |
| Profit (loss) for the period | 9904 | €23,375 | -€6,182 | -€29,557 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,375 | -€6,182 | -€29,557 |
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 5 October 2026 via checked.be.