SKIALL +: 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.
SKIALL +
Largest movements
- Cash +€398,543
up €398,543 (+121.5%), from €327,940 to €726,482
mainly Receivables within one year (+€222,173) and Net result for the year (+€180,105)
- Receivables within one year -€222,173
down €222,173 (-59.2%), from €375,500 to €153,327
of which Trade receivables: -€200,340
- Tangible fixed assets -€169,789
down €169,789 (-8.4%), from €2.0m to €1.8m
of which Land and buildings: -€136,141
- Debts after one year -€182,988
down €182,988 (-12.0%), from €1.5m to €1.3m
- Reserves +€94,475
up €94,475 (+12.0%), from €784,658 to €879,133
of which Distributable reserves: +€94,475
- Other debts +€87,017
up €87,017 (+54.1%), from €160,736 to €247,753
- Gross operating margin +€52,719
up €52,719 (+12.1%), from €435,651 to €488,370
- Taxes +€22,251
up €22,251 (+36.0%), from €61,816 to €84,066
- Depreciation -€5,203
down €5,203 (-3.0%), from €174,991 to €169,789
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 | €2,713,083 | €2,719,664 | +€6,582 | +0.2% |
| Fixed assets | 21/28 | €2,009,644 | €1,839,855 | -€169,789 | -8.4% |
| Tangible fixed assets | 22/27 | €2,009,644 | €1,839,855 | -€169,789 | -8.4% |
| Land and buildings | 22 | €1,933,828 | €1,797,688 | -€136,141 | -7.0% |
| Plant, machinery and equipment | 23 | €75,815 | €42,167 | -€33,648 | -44.4% |
| Current assets | 29/58 | €703,439 | €879,809 | +€176,370 | +25.1% |
| Amounts receivable within one year | 40/41 | €375,500 | €153,327 | -€222,173 | -59.2% |
| Trade receivables | 40 | €353,667 | €153,327 | -€200,340 | -56.6% |
| Other amounts receivable | 41 | €21,833 | - | -€21,833 | |
| Cash at bank and in hand | 54/58 | €327,940 | €726,482 | +€398,543 | +121.5% |
| Total equity and liabilities | 10/49 | €2,713,083 | €2,719,664 | +€6,582 | +0.2% |
| Equity | 10/15 | €803,250 | €897,725 | +€94,475 | +11.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €784,658 | €879,133 | +€94,475 | +12.0% |
| Tax-exempt reserves | 132 | €4,781 | €4,781 | = | 0.0% |
| Distributable reserves | 133 | €779,877 | €874,351 | +€94,475 | +12.1% |
| Amounts payable | 17/49 | €1,909,833 | €1,821,940 | -€87,893 | -4.6% |
| Amounts payable after more than one year | 17 | €1,520,347 | €1,337,359 | -€182,988 | -12.0% |
| Financial debts | 170/4 | €1,520,347 | €1,337,359 | -€182,988 | -12.0% |
| Amounts payable within one year | 42/48 | €389,486 | €484,580 | +€95,094 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €179,771 | €185,542 | +€5,771 | +3.2% |
| Trade debts | 44 | - | €1,854 | +€1,854 | |
| Suppliers | 440/4 | - | €1,854 | +€1,854 | |
| Taxes, remuneration and social security | 45 | €48,979 | €49,432 | +€453 | +0.9% |
| Taxes | 450/3 | €48,979 | €49,432 | +€453 | +0.9% |
| Other amounts payable | 47/48 | €160,736 | €247,753 | +€87,017 | +54.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,991 | €169,789 | -€5,203 | -3.0% |
| Other operating charges | 640/8 | €156 | €203 | +€47 | +30.1% |
| Gross operating margin | 9900 | €435,651 | €488,370 | +€52,719 | +12.1% |
| Operating profit (loss) | 9901 | €260,504 | €318,378 | +€57,874 | +22.2% |
| Financial charges | 65/66B | €51,940 | €54,207 | +€2,267 | +4.4% |
| Recurring financial charges | 65 | €51,940 | €54,207 | +€2,267 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €208,564 | €264,171 | +€55,607 | +26.7% |
| Income taxes | 67/77 | €61,816 | €84,066 | +€22,251 | +36.0% |
| Profit (loss) for the period | 9904 | €146,748 | €180,105 | +€33,357 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €146,748 | €180,105 | +€33,357 | +22.7% |
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 12 October 2026 via checked.be.