Skill: 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.
Skill
Largest movements
- Stocks and contracts -€14,094
no longer reported in 2025 (was €14,094)
- Cash +€8,919
up €8,919 (+55.1%), from €16,194 to €25,113
mainly Depreciation (+€17,219) and Stocks and contracts (+€14,094)
- Tangible fixed assets -€6,973
down €6,973 (-12.6%), from €55,152 to €48,179
of which Plant, machinery and equipment: -€15,422
- Receivables within one year +€5,322
up €5,322 (+9.3%), from €57,494 to €62,816
of which Trade receivables: +€11,335
- Debts after one year -€11,141
down €11,141 (-24.7%), from €45,163 to €34,022
- Current portion of long-term debt +€5,937
up €5,937 (+45.2%), from €13,149 to €19,087
- Accrued charges and deferred income -€4,582
down €4,582 (-98.5%), from €4,653 to €71
- Trade debts +€4,345
up €4,345 (+269%), from €1,616 to €5,961
- Other debts -€1,718
no longer reported in 2025 (was €1,718)
- Depreciation +€6,829
up €6,829 (+65.7%), from €10,390 to €17,219
- Taxes -€1,247
down €1,247 (-56.5%), from €2,209 to €962
- Financial charges +€810
up €810 (+35.5%), from €2,284 to €3,094
- Gross operating margin +€363
up €363 (+1.9%), from €19,498 to €19,861
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 | €148,540 | €141,870 | -€6,669 | -4.5% |
| Fixed assets | 21/28 | €58,092 | €51,119 | -€6,973 | -12.0% |
| Tangible fixed assets | 22/27 | €55,152 | €48,179 | -€6,973 | -12.6% |
| Plant, machinery and equipment | 23 | €54,468 | €39,046 | -€15,422 | -28.3% |
| Furniture and vehicles | 24 | €684 | €9,133 | +€8,450 | +1,235% |
| Financial fixed assets | 28 | €2,940 | €2,940 | = | 0.0% |
| Current assets | 29/58 | €90,448 | €90,751 | +€303 | +0.3% |
| Stocks and contracts in progress | 3 | €14,094 | - | -€14,094 | |
| Contracts in progress | 37 | €14,094 | - | -€14,094 | |
| Amounts receivable within one year | 40/41 | €57,494 | €62,816 | +€5,322 | +9.3% |
| Trade receivables | 40 | €1,564 | €12,899 | +€11,335 | +725% |
| Other amounts receivable | 41 | €55,930 | €49,917 | -€6,014 | -10.8% |
| Cash at bank and in hand | 54/58 | €16,194 | €25,113 | +€8,919 | +55.1% |
| Deferred charges and accrued income | 490/1 | €2,666 | €2,822 | +€156 | +5.9% |
| Total equity and liabilities | 10/49 | €148,540 | €141,870 | -€6,669 | -4.5% |
| Equity | 10/15 | €79,187 | €79,226 | +€39 | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €72,987 | €73,026 | +€39 | +0.1% |
| Distributable reserves | 133 | €72,987 | €73,026 | +€39 | +0.1% |
| Amounts payable | 17/49 | €69,352 | €62,644 | -€6,708 | -9.7% |
| Amounts payable after more than one year | 17 | €45,163 | €34,022 | -€11,141 | -24.7% |
| Financial debts | 170/4 | €45,163 | €34,022 | -€11,141 | -24.7% |
| Amounts payable within one year | 42/48 | €19,536 | €28,551 | +€9,015 | +46.1% |
| Current portion of amounts payable after more than one year | 42 | €13,149 | €19,087 | +€5,937 | +45.2% |
| Trade debts | 44 | €1,616 | €5,961 | +€4,345 | +269% |
| Suppliers | 440/4 | €1,616 | €5,961 | +€4,345 | +269% |
| Taxes, remuneration and social security | 45 | €3,053 | €3,503 | +€451 | +14.8% |
| Taxes | 450/3 | €3,053 | €3,503 | +€451 | +14.8% |
| Other amounts payable | 47/48 | €1,718 | - | -€1,718 | |
| Accrued charges and deferred income | 492/3 | €4,653 | €71 | -€4,582 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,390 | €17,219 | +€6,829 | +65.7% |
| Other operating charges | 640/8 | €687 | €742 | +€56 | +8.1% |
| Gross operating margin | 9900 | €19,498 | €19,861 | +€363 | +1.9% |
| Operating profit (loss) | 9901 | €8,421 | €1,899 | -€6,521 | -77.4% |
| Financial income | 75/76B | €2,101 | €2,195 | +€94 | +4.5% |
| Recurring financial income | 75 | €2,101 | €2,195 | +€94 | +4.5% |
| Financial charges | 65/66B | €2,284 | €3,094 | +€810 | +35.5% |
| Recurring financial charges | 65 | €2,284 | €3,094 | +€810 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | €8,238 | €1,000 | -€7,238 | -87.9% |
| Income taxes | 67/77 | €2,209 | €962 | -€1,247 | -56.5% |
| Profit (loss) for the period | 9904 | €6,029 | €39 | -€5,990 | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,029 | €39 | -€5,990 | -99.4% |
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 18 October 2026 via checked.be.