SKILL EVENT: 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.
SKILL EVENT
Largest movements
- Tangible fixed assets +€72,240
up €72,240 (+18.1%), from €398,303 to €470,543
of which Leasing and similar rights: +€64,347
- Cash +€11,439
up €11,439 (+241.3%), from €4,741 to €16,180
mainly Trade debts (+€82,961) and Depreciation (+€61,361)
- Trade debts +€82,961
up €82,961 (+71.1%), from €116,662 to €199,623
- Reserves +€20,000
up €20,000 (+168.6%), from €11,860 to €31,860
- Current portion of long-term debt +€15,225
up €15,225 (+31.6%), from €48,246 to €63,471
- Short-term financial debts -€8,596
down €8,596 (-82.2%), from €10,458 to €1,862
- Debts after one year -€8,095
down €8,095 (-1.8%), from €461,111 to €453,016
of which Financial debts: -€8,095
- Gross operating margin -€25,072
down €25,072 (-19.6%), from €128,234 to €103,163
- Depreciation +€15,305
up €15,305 (+33.2%), from €46,056 to €61,361
- Financial charges +€1,529
up €1,529 (+10.7%), from €14,316 to €15,845
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 | €689,707 | €780,173 | +€90,466 | +13.1% |
| Fixed assets | 21/28 | €398,966 | €477,606 | +€78,640 | +19.7% |
| Intangible fixed assets | 21 | - | €6,400 | +€6,400 | |
| Tangible fixed assets | 22/27 | €398,303 | €470,543 | +€72,240 | +18.1% |
| Land and buildings | 22 | €310,561 | €287,245 | -€23,316 | -7.5% |
| Plant, machinery and equipment | 23 | €76,080 | €79,220 | +€3,139 | +4.1% |
| Furniture and vehicles | 24 | €11,662 | €39,731 | +€28,070 | +240.7% |
| Leasing and similar rights | 25 | - | €64,347 | +€64,347 | |
| Financial fixed assets | 28 | €663 | €663 | = | 0.0% |
| Current assets | 29/58 | €290,741 | €302,567 | +€11,825 | +4.1% |
| Amounts receivable within one year | 40/41 | €285,659 | €280,741 | -€4,918 | -1.7% |
| Trade receivables | 40 | €146,431 | €118,029 | -€28,402 | -19.4% |
| Other amounts receivable | 41 | €139,227 | €162,712 | +€23,484 | +16.9% |
| Cash at bank and in hand | 54/58 | €4,741 | €16,180 | +€11,439 | +241.3% |
| Deferred charges and accrued income | 490/1 | €342 | €5,647 | +€5,305 | +1550.9% |
| Total equity and liabilities | 10/49 | €689,707 | €780,173 | +€90,466 | +13.1% |
| Equity | 10/15 | €34,341 | €53,320 | +€18,979 | +55.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,860 | €31,860 | +€20,000 | +168.6% |
| Distributable reserves | 133 | €11,860 | €31,860 | +€20,000 | +168.6% |
| Profit (loss) carried forward | 14 | €3,881 | €2,860 | -€1,021 | -26.3% |
| Amounts payable | 17/49 | €655,366 | €726,853 | +€71,487 | +10.9% |
| Amounts payable after more than one year | 17 | €461,111 | €453,016 | -€8,095 | -1.8% |
| Financial debts | 170/4 | €443,878 | €435,783 | -€8,095 | -1.8% |
| Other amounts payable | 178/9 | €17,233 | €17,233 | = | 0.0% |
| Amounts payable within one year | 42/48 | €194,255 | €273,837 | +€79,582 | +41.0% |
| Current portion of amounts payable after more than one year | 42 | €48,246 | €63,471 | +€15,225 | +31.6% |
| Financial debts | 43 | €10,458 | €1,862 | -€8,596 | -82.2% |
| Credit institutions | 430/8 | €10,458 | €1,862 | -€8,596 | -82.2% |
| Trade debts | 44 | €116,662 | €199,623 | +€82,961 | +71.1% |
| Suppliers | 440/4 | €116,662 | €199,623 | +€82,961 | +71.1% |
| Taxes, remuneration and social security | 45 | €7,027 | €2,697 | -€4,330 | -61.6% |
| Taxes | 450/3 | €7,027 | €2,697 | -€4,330 | -61.6% |
| Other amounts payable | 47/48 | €11,863 | €6,184 | -€5,679 | -47.9% |
| Non-recurring operating income | 76A | €363 | €4,847 | +€4,484 | +1235.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,056 | €61,361 | +€15,305 | +33.2% |
| Other operating charges | 640/8 | €5,430 | €6,171 | +€740 | +13.6% |
| Non-recurring operating charges | 66A | €429 | €954 | +€525 | +122.3% |
| Gross operating margin | 9900 | €128,234 | €103,163 | -€25,072 | -19.6% |
| Operating profit (loss) | 9901 | €76,319 | €34,678 | -€41,642 | -54.6% |
| Financial income | 75/76B | €1,006 | €146 | -€860 | -85.5% |
| Recurring financial income | 75 | €1,006 | €146 | -€860 | -85.5% |
| Financial charges | 65/66B | €14,316 | €15,845 | +€1,529 | +10.7% |
| Recurring financial charges | 65 | €14,316 | €15,845 | +€1,529 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €63,008 | €18,979 | -€44,030 | -69.9% |
| Profit (loss) for the period | 9904 | €63,008 | €18,979 | -€44,030 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,008 | €18,979 | -€44,030 | -69.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.