Skilled By: 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.
Skilled By
Largest movements
- Cash +€239,566
up €239,566 (+169%), from €142,122 to €381,689
mainly Net result for the year (+€264,865) and Trade debts (+€170,778)
- Receivables within one year +€162,549
up €162,549 (+21.1%), from €770,747 to €933,296
of which Trade receivables: +€167,616
- Intangible fixed assets -€80,638
down €80,638 (-34.5%), from €234,006 to €153,368
- Current investments +€79,560
up €79,560 (+8.8%), from €902,169 to €981,730
- Deferred charges and accrued income +€27,084
up €27,084 (+51.8%), from €52,238 to €79,322
- Profit (loss) carried forward +€264,865
up €264,865 (+39.8%), from €664,702 to €929,567
- Trade debts +€170,778
up €170,778 (+44.9%), from €380,089 to €550,867
- Accrued charges and deferred income +€100,345
up €100,345 (+22.1%), from €453,760 to €554,104
- Debts after one year -€80,000
down €80,000 (-52.2%), from €153,368 to €73,368
- Gross operating margin +€113,709
up €113,709 (+9.8%), from €1.2m to €1.3m
- Staff costs +€111,085
up €111,085 (+15.3%), from €724,663 to €835,749
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 | €2,173,258 | €2,609,046 | +€435,788 | +20.1% |
| Fixed assets | 21/28 | €305,981 | €233,011 | -€72,971 | -23.8% |
| Intangible fixed assets | 21 | €234,006 | €153,368 | -€80,638 | -34.5% |
| Tangible fixed assets | 22/27 | €71,975 | €79,642 | +€7,667 | +10.7% |
| Plant, machinery and equipment | 23 | €52,475 | €45,754 | -€6,721 | -12.8% |
| Assets under construction and advance payments | 27 | €19,500 | €33,888 | +€14,388 | +73.8% |
| Current assets | 29/58 | €1,867,277 | €2,376,036 | +€508,759 | +27.2% |
| Amounts receivable within one year | 40/41 | €770,747 | €933,296 | +€162,549 | +21.1% |
| Trade receivables | 40 | €744,341 | €911,957 | +€167,616 | +22.5% |
| Other amounts receivable | 41 | €26,407 | €21,339 | -€5,068 | -19.2% |
| Current investments | 50/53 | €902,169 | €981,730 | +€79,560 | +8.8% |
| Cash at bank and in hand | 54/58 | €142,122 | €381,689 | +€239,566 | +169% |
| Deferred charges and accrued income | 490/1 | €52,238 | €79,322 | +€27,084 | +51.8% |
| Total equity and liabilities | 10/49 | €2,173,258 | €2,609,046 | +€435,788 | +20.1% |
| Equity | 10/15 | €867,462 | €1,131,605 | +€264,143 | +30.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €664,702 | €929,567 | +€264,865 | +39.8% |
| Investment grants | 15 | €2,760 | €2,039 | -€722 | -26.1% |
| Amounts payable | 17/49 | €1,305,796 | €1,477,441 | +€171,645 | +13.1% |
| Amounts payable after more than one year | 17 | €153,368 | €73,368 | -€80,000 | -52.2% |
| Other amounts payable | 178/9 | €153,368 | €73,368 | -€80,000 | -52.2% |
| Amounts payable within one year | 42/48 | €698,668 | €849,969 | +€151,301 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €80,000 | €80,001 | +€0 | 0.0% |
| Trade debts | 44 | €380,089 | €550,867 | +€170,778 | +44.9% |
| Suppliers | 440/4 | €380,089 | €550,867 | +€170,778 | +44.9% |
| Taxes, remuneration and social security | 45 | €193,287 | €167,230 | -€26,057 | -13.5% |
| Taxes | 450/3 | €94,035 | €41,893 | -€52,142 | -55.4% |
| Remuneration and social security | 454/9 | €99,253 | €125,337 | +€26,085 | +26.3% |
| Other amounts payable | 47/48 | €45,292 | €51,872 | +€6,579 | +14.5% |
| Accrued charges and deferred income | 492/3 | €453,760 | €554,104 | +€100,345 | +22.1% |
| Remuneration, social security and pensions | 62 | €724,663 | €835,749 | +€111,085 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,058 | €92,307 | +€2,249 | +2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,637 | €859 | -€2,778 | -76.4% |
| Other operating charges | 640/8 | €10,181 | €6,909 | -€3,272 | -32.1% |
| Gross operating margin | 9900 | €1,164,776 | €1,278,485 | +€113,709 | +9.8% |
| Operating profit (loss) | 9901 | €336,236 | €342,661 | +€6,425 | +1.9% |
| Financial income | 75/76B | €11,297 | €20,281 | +€8,984 | +79.5% |
| Recurring financial income | 75 | €11,297 | €20,281 | +€8,984 | +79.5% |
| Financial charges | 65/66B | €774 | €695 | -€79 | -10.2% |
| Recurring financial charges | 65 | €774 | €695 | -€79 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €346,759 | €362,247 | +€15,488 | +4.5% |
| Income taxes | 67/77 | €95,037 | €97,382 | +€2,346 | +2.5% |
| Profit (loss) for the period | 9904 | €251,722 | €264,865 | +€13,142 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €251,722 | €264,865 | +€13,142 | +5.2% |
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 22 October 2026 via checked.be.