SKILLS CONNECT: 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.
SKILLS CONNECT
Largest movements
- Cash -€36,580
down €36,580 (-15.9%), from €229,946 to €193,366
mainly Other debts (-€22,802) and Net result for the year (-€14,079)
- Receivables within one year -€4,100
down €4,100 (-32.8%), from €12,517 to €8,416
of which Trade receivables: -€4,573
- Other debts -€22,802
down €22,802 (-61.0%), from €37,357 to €14,555
- Profit (loss) carried forward -€12,219
down €12,219 (-97.8%), from €12,491 to €272
- Tax, wage and social debts -€6,039
down €6,039 (-54.2%), from €11,139 to €5,100
- Gross operating margin -€38,942
down €38,942, from €27,101 to -€11,841
- Other operating charges -€435
down €435 (-26.0%), from €1,670 to €1,236
- Financial income +€407
up €407 (+113%), from €358 to €765
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 | €257,383 | €216,198 | -€41,184 | -16.0% |
| Fixed assets | 21/28 | €14,920 | €14,416 | -€504 | -3.4% |
| Tangible fixed assets | 22/27 | €14,920 | €14,416 | -€504 | -3.4% |
| Plant, machinery and equipment | 23 | €14,920 | €14,416 | -€504 | -3.4% |
| Current assets | 29/58 | €242,462 | €201,782 | -€40,680 | -16.8% |
| Amounts receivable within one year | 40/41 | €12,517 | €8,416 | -€4,100 | -32.8% |
| Trade receivables | 40 | €12,517 | €7,944 | -€4,573 | -36.5% |
| Other amounts receivable | 41 | - | €473 | +€473 | |
| Cash at bank and in hand | 54/58 | €229,946 | €193,366 | -€36,580 | -15.9% |
| Total equity and liabilities | 10/49 | €257,383 | €216,198 | -€41,184 | -16.0% |
| Equity | 10/15 | €200,862 | €186,783 | -€14,079 | -7.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €175,971 | €174,111 | -€1,860 | -1.1% |
| Distributable reserves | 133 | €175,971 | €174,111 | -€1,860 | -1.1% |
| Profit (loss) carried forward | 14 | €12,491 | €272 | -€12,219 | -97.8% |
| Amounts payable | 17/49 | €56,521 | €29,416 | -€27,105 | -48.0% |
| Amounts payable within one year | 42/48 | €56,521 | €29,416 | -€27,105 | -48.0% |
| Trade debts | 44 | €8,025 | €9,760 | +€1,736 | +21.6% |
| Suppliers | 440/4 | €8,025 | €9,760 | +€1,736 | +21.6% |
| Taxes, remuneration and social security | 45 | €11,139 | €5,100 | -€6,039 | -54.2% |
| Taxes | 450/3 | €11,139 | €5,100 | -€6,039 | -54.2% |
| Other amounts payable | 47/48 | €37,357 | €14,555 | -€22,802 | -61.0% |
| Non-recurring operating income | 76A | €18,182 | €0 | -€18,182 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €299 | €504 | +€205 | +68.7% |
| Other operating charges | 640/8 | €1,670 | €1,236 | -€435 | -26.0% |
| Gross operating margin | 9900 | €27,101 | -€11,841 | -€38,942 | |
| Operating profit (loss) | 9901 | €25,131 | -€13,581 | -€38,712 | |
| Financial income | 75/76B | €358 | €765 | +€407 | +113% |
| Recurring financial income | 75 | €358 | €765 | +€407 | +113% |
| Financial charges | 65/66B | €1,287 | €1,125 | -€161 | -12.5% |
| Recurring financial charges | 65 | €1,287 | €1,125 | -€161 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €24,203 | -€13,942 | -€38,145 | |
| Income taxes | 67/77 | €251 | €138 | -€113 | -45.1% |
| Profit (loss) for the period | 9904 | €23,952 | -€14,079 | -€38,031 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,952 | -€14,079 | -€38,031 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.