SKIALL: 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.
SKIALL
Largest movements
- Cash -€150,472
down €150,472 (-16.0%), from €940,615 to €790,143
mainly Contributions, distributions and other (-€295,454) and Trade debts (-€175,935)
- Receivables within one year +€58,846
up €58,846 (+9.2%), from €637,839 to €696,684
of which Other amounts receivable: +€36,241
- Deferred charges and accrued income +€36,230
new in 2025: €36,230
- Stocks and contracts +€30,480
up €30,480 (+26.1%), from €116,780 to €147,260
- Other debts +€266,213
up €266,213 (+166.8%), from €159,593 to €425,806
- Trade debts -€175,935
down €175,935 (-40.3%), from €436,784 to €260,850
- Reserves -€143,801
down €143,801 (-10.1%), from €1.4m to €1.3m
- Tax, wage and social debts +€29,882
up €29,882 (+70.3%), from €42,494 to €72,376
- Staff costs +€159,660
up €159,660 (+21.9%), from €727,655 to €887,315
- Gross operating margin +€74,017
up €74,017 (+6.2%), from €1.2m to €1.3m
- Taxes -€36,079
down €36,079 (-34.6%), from €104,316 to €68,237
- Depreciation +€21,526
up €21,526 (+17.0%), from €126,372 to €147,898
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 | €2,067,691 | €2,043,013 | -€24,678 | -1.2% |
| Fixed assets | 21/28 | €372,457 | €372,695 | +€239 | +0.1% |
| Tangible fixed assets | 22/27 | €372,457 | €372,695 | +€239 | +0.1% |
| Plant, machinery and equipment | 23 | €290,380 | €284,688 | -€5,692 | -2.0% |
| Furniture and vehicles | 24 | €82,077 | €88,007 | +€5,930 | +7.2% |
| Current assets | 29/58 | €1,695,234 | €1,670,318 | -€24,917 | -1.5% |
| Stocks and contracts in progress | 3 | €116,780 | €147,260 | +€30,480 | +26.1% |
| Stocks | 30/36 | €116,780 | €147,260 | +€30,480 | +26.1% |
| Amounts receivable within one year | 40/41 | €637,839 | €696,684 | +€58,846 | +9.2% |
| Trade receivables | 40 | €569,519 | €592,123 | +€22,604 | +4.0% |
| Other amounts receivable | 41 | €68,320 | €104,562 | +€36,241 | +53.0% |
| Cash at bank and in hand | 54/58 | €940,615 | €790,143 | -€150,472 | -16.0% |
| Deferred charges and accrued income | 490/1 | - | €36,230 | +€36,230 | |
| Total equity and liabilities | 10/49 | €2,067,691 | €2,043,013 | -€24,678 | -1.2% |
| Equity | 10/15 | €1,425,866 | €1,282,066 | -€143,801 | -10.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,419,666 | €1,275,866 | -€143,801 | -10.1% |
| Distributable reserves | 133 | €1,419,666 | €1,275,866 | -€143,801 | -10.1% |
| Amounts payable | 17/49 | €641,825 | €760,947 | +€119,123 | +18.6% |
| Amounts payable after more than one year | 17 | €1,916 | €837 | -€1,079 | -56.3% |
| Financial debts | 170/4 | €1,916 | €837 | -€1,079 | -56.3% |
| Amounts payable within one year | 42/48 | €639,909 | €760,110 | +€120,201 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €1,038 | €1,079 | +€41 | +4.0% |
| Trade debts | 44 | €436,784 | €260,850 | -€175,935 | -40.3% |
| Suppliers | 440/4 | €436,784 | €260,850 | -€175,935 | -40.3% |
| Taxes, remuneration and social security | 45 | €42,494 | €72,376 | +€29,882 | +70.3% |
| Taxes | 450/3 | €42,494 | €72,376 | +€29,882 | +70.3% |
| Other amounts payable | 47/48 | €159,593 | €425,806 | +€266,213 | +166.8% |
| Non-recurring operating income | 76A | - | €187,911 | +€187,911 | |
| Remuneration, social security and pensions | 62 | €727,655 | €887,315 | +€159,660 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,372 | €147,898 | +€21,526 | +17.0% |
| Other operating charges | 640/8 | €2,317 | €2,250 | -€67 | -2.9% |
| Gross operating margin | 9900 | €1,188,725 | €1,262,743 | +€74,017 | +6.2% |
| Operating profit (loss) | 9901 | €332,381 | €225,279 | -€107,102 | -32.2% |
| Financial income | 75/76B | €7,828 | €6,241 | -€1,587 | -20.3% |
| Recurring financial income | 75 | €7,828 | €6,241 | -€1,587 | -20.3% |
| Financial charges | 65/66B | €13,013 | €11,629 | -€1,384 | -10.6% |
| Recurring financial charges | 65 | €13,013 | €11,629 | -€1,384 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €327,196 | €219,891 | -€107,305 | -32.8% |
| Income taxes | 67/77 | €104,316 | €68,237 | -€36,079 | -34.6% |
| Profit (loss) for the period | 9904 | €222,880 | €151,654 | -€71,226 | -32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €222,880 | €151,654 | -€71,226 | -32.0% |
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 3 October 2026 via checked.be.