Skiep: 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.
Skiep
Largest movements
- Tangible fixed assets +€274,461
up €274,461 (+206%), from €133,488 to €407,949
of which Land and buildings: +€252,519
- Cash -€47,234
down €47,234 (-27.0%), from €175,128 to €127,894
mainly Investment in fixed assets (net) (-€338,701) and Contributions, distributions and other (-€87,059)
- Receivables within one year +€10,316
up €10,316 (+122%), from €8,431 to €18,747
of which Other amounts receivable: +€5,386
- Deferred charges and accrued income -€6,589
down €6,589 (-88.8%), from €7,425 to €835
- Debts after one year +€143,302
up €143,302 (+351%), from €40,779 to €184,081
- Other debts +€42,958
up €42,958 (+491%), from €8,746 to €51,704
- Current portion of long-term debt +€28,060
up €28,060 (+192%), from €14,597 to €42,658
- Tax, wage and social debts +€10,888
up €10,888 (+38.9%), from €27,982 to €38,870
of which Remuneration and social security: +€11,888
- Trade debts +€7,395
up €7,395 (+33.7%), from €21,951 to €29,346
- Gross operating margin +€110,433
up €110,433 (+30.5%), from €362,229 to €472,662
- Staff costs +€34,987
up €34,987 (+13.4%), from €260,179 to €295,167
- Depreciation +€21,109
up €21,109 (+48.9%), from €43,131 to €64,240
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 | €331,342 | €561,603 | +€230,261 | +69.5% |
| Fixed assets | 21/28 | €135,043 | €409,504 | +€274,461 | +203% |
| Tangible fixed assets | 22/27 | €133,488 | €407,949 | +€274,461 | +206% |
| Land and buildings | 22 | €110,714 | €363,232 | +€252,519 | +228% |
| Plant, machinery and equipment | 23 | €12,845 | €38,799 | +€25,954 | +202% |
| Furniture and vehicles | 24 | €9,930 | €5,918 | -€4,012 | -40.4% |
| Financial fixed assets | 28 | €1,554 | €1,554 | = | 0.0% |
| Current assets | 29/58 | €196,300 | €152,099 | -€44,200 | -22.5% |
| Stocks and contracts in progress | 3 | €5,316 | €4,623 | -€693 | -13.0% |
| Stocks | 30/36 | €5,316 | €4,623 | -€693 | -13.0% |
| Amounts receivable within one year | 40/41 | €8,431 | €18,747 | +€10,316 | +122% |
| Trade receivables | 40 | €619 | €5,550 | +€4,930 | +796% |
| Other amounts receivable | 41 | €7,811 | €13,197 | +€5,386 | +68.9% |
| Cash at bank and in hand | 54/58 | €175,128 | €127,894 | -€47,234 | -27.0% |
| Deferred charges and accrued income | 490/1 | €7,425 | €835 | -€6,589 | -88.8% |
| Total equity and liabilities | 10/49 | €331,342 | €561,603 | +€230,261 | +69.5% |
| Equity | 10/15 | €213,069 | €211,242 | -€1,827 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €194,469 | €192,642 | -€1,827 | -0.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €192,609 | €190,782 | -€1,827 | -0.9% |
| Amounts payable | 17/49 | €118,273 | €350,361 | +€232,088 | +196% |
| Amounts payable after more than one year | 17 | €40,779 | €184,081 | +€143,302 | +351% |
| Financial debts | 170/4 | €40,779 | €184,081 | +€143,302 | +351% |
| Amounts payable within one year | 42/48 | €73,276 | €162,578 | +€89,302 | +122% |
| Current portion of amounts payable after more than one year | 42 | €14,597 | €42,658 | +€28,060 | +192% |
| Trade debts | 44 | €21,951 | €29,346 | +€7,395 | +33.7% |
| Suppliers | 440/4 | €21,951 | €29,346 | +€7,395 | +33.7% |
| Taxes, remuneration and social security | 45 | €27,982 | €38,870 | +€10,888 | +38.9% |
| Taxes | 450/3 | €11,434 | €10,434 | -€1,000 | -8.7% |
| Remuneration and social security | 454/9 | €16,548 | €28,436 | +€11,888 | +71.8% |
| Other amounts payable | 47/48 | €8,746 | €51,704 | +€42,958 | +491% |
| Accrued charges and deferred income | 492/3 | €4,219 | €3,703 | -€516 | -12.2% |
| Non-recurring operating income | 76A | €2,681 | €75 | -€2,606 | -97.2% |
| Remuneration, social security and pensions | 62 | €260,179 | €295,167 | +€34,987 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,131 | €64,240 | +€21,109 | +48.9% |
| Other operating charges | 640/8 | €808 | €528 | -€280 | -34.7% |
| Non-recurring operating charges | 66A | - | €803 | +€803 | |
| Gross operating margin | 9900 | €362,229 | €472,662 | +€110,433 | +30.5% |
| Operating profit (loss) | 9901 | €58,111 | €111,924 | +€53,813 | +92.6% |
| Financial income | 75/76B | €353 | €124 | -€229 | -65.0% |
| Recurring financial income | 75 | €353 | €124 | -€229 | -65.0% |
| Financial charges | 65/66B | €7,260 | €10,237 | +€2,977 | +41.0% |
| Recurring financial charges | 65 | €5,462 | €10,237 | +€4,776 | +87.4% |
| Non-recurring financial charges | 66B | €1,799 | - | -€1,799 | |
| Profit (loss) for the period before taxes | 9903 | €51,204 | €101,810 | +€50,606 | +98.8% |
| Income taxes | 67/77 | €12,284 | €16,579 | +€4,295 | +35.0% |
| Profit (loss) for the period | 9904 | €38,920 | €85,232 | +€46,312 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €38,920 | €85,232 | +€46,312 | +119% |
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 23 October 2026 via checked.be.