SKIL: 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.
SKIL
Largest movements
- Tangible fixed assets +€69,321
up €69,321 (+138.9%), from €49,924 to €119,245
of which Furniture and vehicles: +€57,961
- Stocks and contracts +€61,378
up €61,378 (+37.1%), from €165,541 to €226,919
- Reserves +€52,494
up €52,494 (+15.1%), from €347,915 to €400,409
of which Distributable reserves: +€52,494
- Debts after one year +€43,159
up €43,159 (+175.6%), from €24,585 to €67,745
- Trade debts +€42,730
up €42,730 (+55.2%), from €77,444 to €120,173
- Other debts -€34,207
down €34,207 (-99.1%), from €34,503 to €296
- Current portion of long-term debt +€15,699
up €15,699 (+159.4%), from €9,851 to €25,550
- Provisions -€69,896
no longer reported in 2025 (was €69,896)
- Gross operating margin -€39,140
down €39,140 (-16.0%), from €244,358 to €205,217
- Staff costs +€14,137
up €14,137 (+18.4%), from €76,669 to €90,806
- Depreciation +€8,018
up €8,018 (+34.8%), from €23,039 to €31,057
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 | €678,753 | €803,169 | +€124,416 | +18.3% |
| Fixed assets | 21/28 | €50,045 | €119,366 | +€69,321 | +138.5% |
| Tangible fixed assets | 22/27 | €49,924 | €119,245 | +€69,321 | +138.9% |
| Plant, machinery and equipment | 23 | €1,639 | €12,999 | +€11,360 | +693.1% |
| Furniture and vehicles | 24 | €48,285 | €106,246 | +€57,961 | +120.0% |
| Financial fixed assets | 28 | €121 | €121 | = | 0.0% |
| Current assets | 29/58 | €628,708 | €683,803 | +€55,095 | +8.8% |
| Stocks and contracts in progress | 3 | €165,541 | €226,919 | +€61,378 | +37.1% |
| Stocks | 30/36 | €165,541 | €226,919 | +€61,378 | +37.1% |
| Amounts receivable within one year | 40/41 | €247,071 | €248,574 | +€1,503 | +0.6% |
| Trade receivables | 40 | €93,040 | €111,825 | +€18,785 | +20.2% |
| Other amounts receivable | 41 | €154,032 | €136,749 | -€17,283 | -11.2% |
| Cash at bank and in hand | 54/58 | €207,893 | €199,948 | -€7,945 | -3.8% |
| Deferred charges and accrued income | 490/1 | €8,203 | €8,362 | +€159 | +1.9% |
| Total equity and liabilities | 10/49 | €678,753 | €803,169 | +€124,416 | +18.3% |
| Equity | 10/15 | €449,551 | €502,045 | +€52,494 | +11.7% |
| Contributions | 10/11 | €101,636 | €101,636 | = | 0.0% |
| Capital | 10 | €101,636 | €101,636 | = | 0.0% |
| Issued capital | 100 | €101,636 | €101,636 | = | 0.0% |
| Reserves | 13 | €347,915 | €400,409 | +€52,494 | +15.1% |
| Non-distributable reserves | 130/1 | €10,164 | €10,164 | = | 0.0% |
| Legal reserve | 130 | €10,164 | €10,164 | = | 0.0% |
| Distributable reserves | 133 | €337,751 | €390,245 | +€52,494 | +15.5% |
| Provisions and deferred taxes | 16 | €69,896 | €69,896 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €69,896 | €69,896 | = | 0.0% |
| Other liabilities and charges | 164/5 | €69,896 | €69,896 | = | 0.0% |
| Amounts payable | 17/49 | €159,306 | €231,228 | +€71,922 | +45.1% |
| Amounts payable after more than one year | 17 | €24,585 | €67,745 | +€43,159 | +175.6% |
| Financial debts | 170/4 | €24,585 | €67,745 | +€43,159 | +175.6% |
| Amounts payable within one year | 42/48 | €134,721 | €163,483 | +€28,762 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €9,851 | €25,550 | +€15,699 | +159.4% |
| Financial debts | 43 | €5,102 | €6,777 | +€1,676 | +32.8% |
| Credit institutions | 430/8 | €5,102 | €6,777 | +€1,676 | +32.8% |
| Trade debts | 44 | €77,444 | €120,173 | +€42,730 | +55.2% |
| Suppliers | 440/4 | €77,444 | €120,173 | +€42,730 | +55.2% |
| Taxes, remuneration and social security | 45 | €7,822 | €10,686 | +€2,864 | +36.6% |
| Taxes | 450/3 | €1,976 | - | -€1,976 | |
| Remuneration and social security | 454/9 | €5,846 | €10,686 | +€4,840 | +82.8% |
| Other amounts payable | 47/48 | €34,503 | €296 | -€34,207 | -99.1% |
| Remuneration, social security and pensions | 62 | €76,669 | €90,806 | +€14,137 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,039 | €31,057 | +€8,018 | +34.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €69,896 | - | -€69,896 | |
| Other operating charges | 640/8 | €2,514 | €3,868 | +€1,354 | +53.9% |
| Gross operating margin | 9900 | €244,358 | €205,217 | -€39,140 | -16.0% |
| Operating profit (loss) | 9901 | €72,240 | €79,487 | +€7,247 | +10.0% |
| Financial income | 75/76B | €4,626 | €2,894 | -€1,732 | -37.4% |
| Recurring financial income | 75 | €4,626 | €2,894 | -€1,732 | -37.4% |
| Financial charges | 65/66B | €3,612 | €5,029 | +€1,417 | +39.2% |
| Recurring financial charges | 65 | €3,534 | €4,949 | +€1,415 | +40.1% |
| Non-recurring financial charges | 66B | €78 | €80 | +€2 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €73,255 | €77,352 | +€4,097 | +5.6% |
| Income taxes | 67/77 | €24,158 | €24,858 | +€700 | +2.9% |
| Profit (loss) for the period | 9904 | €49,096 | €52,494 | +€3,398 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,096 | €52,494 | +€3,398 | +6.9% |
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 8 October 2026 via checked.be.