SKEP: 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.
SKEP
Largest movements
- Cash -€5,714
down €5,714 (-98.5%), from €5,803 to €89
mainly Debts after one year (-€85,000) and Net result for the year (-€31,770)
- Receivables within one year +€4,459
up €4,459 (+4.0%), from €110,834 to €115,293
- Other debts +€138,084
new in 2025: €138,084
- Debts after one year -€85,000
down €85,000 (-48.2%), from €176,500 to €91,500
- Profit (loss) carried forward -€31,770
down €31,770 (-27.3%), from -€116,234 to -€148,005
- Accrued charges and deferred income -€22,905
down €22,905 (-52.2%), from €43,870 to €20,966
- Financial charges +€30,040
up €30,040 (+23877.1%), from €126 to €30,166
- Gross operating margin -€2,147
down €2,147 (-82.1%), from -€2,616 to -€4,764
- Financial income +€163
up €163 (+1.7%), from €9,688 to €9,851
- Other operating charges +€55
up €55 (+4.4%), from €1,245 to €1,300
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 | €116,637 | €115,382 | -€1,255 | -1.1% |
| Current assets | 29/58 | €116,637 | €115,382 | -€1,255 | -1.1% |
| Amounts receivable within one year | 40/41 | €110,834 | €115,293 | +€4,459 | +4.0% |
| Other amounts receivable | 41 | €110,834 | €115,293 | +€4,459 | +4.0% |
| Cash at bank and in hand | 54/58 | €5,803 | €89 | -€5,714 | -98.5% |
| Total equity and liabilities | 10/49 | €116,637 | €115,382 | -€1,255 | -1.1% |
| Equity | 10/15 | -€104,234 | -€136,005 | -€31,770 | -30.5% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,234 | -€148,005 | -€31,770 | -27.3% |
| Amounts payable | 17/49 | €220,872 | €251,387 | +€30,515 | +13.8% |
| Amounts payable after more than one year | 17 | €176,500 | €91,500 | -€85,000 | -48.2% |
| Financial debts | 170/4 | €176,500 | €91,500 | -€85,000 | -48.2% |
| Amounts payable within one year | 42/48 | €502 | €138,921 | +€138,420 | +27589.6% |
| Trade debts | 44 | €502 | €837 | +€335 | +66.8% |
| Suppliers | 440/4 | €502 | €837 | +€335 | +66.8% |
| Other amounts payable | 47/48 | - | €138,084 | +€138,084 | |
| Accrued charges and deferred income | 492/3 | €43,870 | €20,966 | -€22,905 | -52.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,392 | €5,392 | = | 0.0% |
| Other operating charges | 640/8 | €1,245 | €1,300 | +€55 | +4.4% |
| Gross operating margin | 9900 | -€2,616 | -€4,764 | -€2,147 | -82.1% |
| Operating profit (loss) | 9901 | -€9,253 | -€11,456 | -€2,203 | -23.8% |
| Financial income | 75/76B | €9,688 | €9,851 | +€163 | +1.7% |
| Recurring financial income | 75 | €9,688 | €9,851 | +€163 | +1.7% |
| Financial charges | 65/66B | €126 | €30,166 | +€30,040 | +23877.1% |
| Recurring financial charges | 65 | €126 | €30,166 | +€30,040 | +23877.1% |
| Profit (loss) for the period before taxes | 9903 | €309 | -€31,770 | -€32,080 | |
| Profit (loss) for the period | 9904 | €309 | -€31,770 | -€32,080 | |
| Profit (loss) for the period to be appropriated | 9905 | €309 | -€31,770 | -€32,080 |
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 4 October 2026 via checked.be.