Skill&Will: 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&Will
Largest movements
- Cash +€729,018
up €729,018 (+310%), from €235,051 to €964,070
mainly Net result for the year (+€415,497) and Current investments (+€374,264)
- Current investments -€374,264
down €374,264 (-100%), from €374,264 to €0
- Receivables within one year +€250,513
up €250,513 (+275%), from €91,035 to €341,549
of which Trade receivables: +€250,486
- Deferred charges and accrued income +€34,231
up €34,231 (+1,068%), from €3,206 to €37,437
- Profit (loss) carried forward +€415,497
up €415,497 (+70.8%), from €587,233 to €1.0m
- Trade debts +€129,648
up €129,648 (+1,021%), from €12,701 to €142,348
- Tax, wage and social debts +€85,370
up €85,370 (+41.5%), from €205,932 to €291,301
of which Taxes: +€72,859
- Gross operating margin +€283,816
up €283,816 (+56.2%), from €504,647 to €788,463
- Staff costs +€95,117
up €95,117 (+90.5%), from €105,154 to €200,270
- Taxes +€43,858
up €43,858 (+47.8%), from €91,708 to €135,566
- Financial income +€9,557
up €9,557 (+390%), from €2,449 to €12,005
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 | €806,954 | €1,437,379 | +€630,425 | +78.1% |
| Fixed assets | 21/28 | €103,397 | €94,324 | -€9,073 | -8.8% |
| Intangible fixed assets | 21 | €996 | €0 | -€996 | -100% |
| Tangible fixed assets | 22/27 | €94,601 | €86,424 | -€8,177 | -8.6% |
| Land and buildings | 22 | - | €13,323 | +€13,323 | |
| Plant, machinery and equipment | 23 | €310 | €2,951 | +€2,641 | +852% |
| Furniture and vehicles | 24 | €90,380 | €70,149 | -€20,231 | -22.4% |
| Other tangible fixed assets | 26 | €3,910 | €0 | -€3,910 | -100% |
| Financial fixed assets | 28 | €7,800 | €7,900 | +€100 | +1.3% |
| Current assets | 29/58 | €703,557 | €1,343,056 | +€639,499 | +90.9% |
| Amounts receivable within one year | 40/41 | €91,035 | €341,549 | +€250,513 | +275% |
| Trade receivables | 40 | €91,035 | €341,522 | +€250,486 | +275% |
| Other amounts receivable | 41 | - | €27 | +€27 | |
| Current investments | 50/53 | €374,264 | €0 | -€374,264 | -100% |
| Cash at bank and in hand | 54/58 | €235,051 | €964,070 | +€729,018 | +310% |
| Deferred charges and accrued income | 490/1 | €3,206 | €37,437 | +€34,231 | +1,068% |
| Total equity and liabilities | 10/49 | €806,954 | €1,437,379 | +€630,425 | +78.1% |
| Equity | 10/15 | €588,233 | €1,003,730 | +€415,497 | +70.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €587,233 | €1,002,730 | +€415,497 | +70.8% |
| Amounts payable | 17/49 | €218,721 | €433,650 | +€214,929 | +98.3% |
| Amounts payable within one year | 42/48 | €218,633 | €433,650 | +€215,017 | +98.3% |
| Trade debts | 44 | €12,701 | €142,348 | +€129,648 | +1,021% |
| Suppliers | 440/4 | €12,701 | €142,348 | +€129,648 | +1,021% |
| Taxes, remuneration and social security | 45 | €205,932 | €291,301 | +€85,370 | +41.5% |
| Taxes | 450/3 | €197,614 | €270,473 | +€72,859 | +36.9% |
| Remuneration and social security | 454/9 | €8,318 | €20,829 | +€12,510 | +150% |
| Accrued charges and deferred income | 492/3 | €89 | €0 | -€89 | -100% |
| Non-recurring operating income | 76A | - | €2,149 | +€2,149 | |
| Remuneration, social security and pensions | 62 | €105,154 | €200,270 | +€95,117 | +90.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,694 | €28,225 | +€3,531 | +14.3% |
| Other operating charges | 640/8 | €339 | €6,944 | +€6,605 | +1,950% |
| Non-recurring operating charges | 66A | - | €11,285 | +€11,285 | |
| Gross operating margin | 9900 | €504,647 | €788,463 | +€283,816 | +56.2% |
| Operating profit (loss) | 9901 | €374,461 | €541,738 | +€167,277 | +44.7% |
| Financial income | 75/76B | €2,449 | €12,005 | +€9,557 | +390% |
| Recurring financial income | 75 | €2,449 | €12,005 | +€9,557 | +390% |
| Financial charges | 65/66B | €135 | €2,680 | +€2,545 | +1,879% |
| Recurring financial charges | 65 | €135 | €2,680 | +€2,545 | +1,879% |
| Profit (loss) for the period before taxes | 9903 | €376,774 | €551,063 | +€174,289 | +46.3% |
| Income taxes | 67/77 | €91,708 | €135,566 | +€43,858 | +47.8% |
| Profit (loss) for the period | 9904 | €285,065 | €415,497 | +€130,431 | +45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €285,065 | €415,497 | +€130,431 | +45.8% |
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 20 October 2026 via checked.be.