Skills in Action: 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 in Action
Largest movements
- Tangible fixed assets +€23,958
up €23,958 (+79.6%), from €30,090 to €54,049
of which Other tangible fixed assets: +€24,186
- Cash -€22,665
down €22,665 (-17.4%), from €130,325 to €107,660
mainly Investment in fixed assets (net) (-€27,390) and Contributions, distributions and other (-€22,594)
- Receivables within one year +€3,824
up €3,824 (+10.4%), from €36,675 to €40,499
of which Trade receivables: +€13,058
- Reserves +€7,530
up €7,530 (+5.2%), from €145,515 to €153,045
- Tax, wage and social debts +€4,425
up €4,425 (+74.4%), from €5,946 to €10,371
- Other debts -€3,093
down €3,093 (-8.9%), from €34,571 to €31,478
- Financial income -€2,294
down €2,294 (-95.7%), from €2,397 to €104
- Depreciation +€2,134
up €2,134 (+164%), from €1,297 to €3,431
- Taxes +€943
up €943 (+7.4%), from €12,807 to €13,750
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 | €198,414 | €204,165 | +€5,751 | +2.9% |
| Fixed assets | 21/28 | €30,090 | €54,049 | +€23,958 | +79.6% |
| Tangible fixed assets | 22/27 | €30,090 | €54,049 | +€23,958 | +79.6% |
| Plant, machinery and equipment | 23 | €14,272 | €13,888 | -€384 | -2.7% |
| Furniture and vehicles | 24 | €555 | €711 | +€156 | +28.1% |
| Other tangible fixed assets | 26 | €15,263 | €39,449 | +€24,186 | +158% |
| Current assets | 29/58 | €168,324 | €150,116 | -€18,207 | -10.8% |
| Amounts receivable within one year | 40/41 | €36,675 | €40,499 | +€3,824 | +10.4% |
| Trade receivables | 40 | €27,281 | €40,339 | +€13,058 | +47.9% |
| Other amounts receivable | 41 | €9,394 | €160 | -€9,234 | -98.3% |
| Cash at bank and in hand | 54/58 | €130,325 | €107,660 | -€22,665 | -17.4% |
| Deferred charges and accrued income | 490/1 | €1,324 | €1,957 | +€633 | +47.8% |
| Total equity and liabilities | 10/49 | €198,414 | €204,165 | +€5,751 | +2.9% |
| Equity | 10/15 | €151,715 | €159,245 | +€7,530 | +5.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €145,515 | €153,045 | +€7,530 | +5.2% |
| Distributable reserves | 133 | €145,515 | €153,045 | +€7,530 | +5.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €46,699 | €44,920 | -€1,779 | -3.8% |
| Amounts payable within one year | 42/48 | €45,899 | €44,920 | -€979 | -2.1% |
| Financial debts | 43 | €498 | €39 | -€459 | -92.1% |
| Credit institutions | 430/8 | €498 | €39 | -€459 | -92.1% |
| Trade debts | 44 | €4,884 | €3,032 | -€1,853 | -37.9% |
| Suppliers | 440/4 | €4,884 | €3,032 | -€1,853 | -37.9% |
| Taxes, remuneration and social security | 45 | €5,946 | €10,371 | +€4,425 | +74.4% |
| Taxes | 450/3 | €5,946 | €10,371 | +€4,425 | +74.4% |
| Other amounts payable | 47/48 | €34,571 | €31,478 | -€3,093 | -8.9% |
| Accrued charges and deferred income | 492/3 | €800 | €0 | -€800 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,297 | €3,431 | +€2,134 | +164% |
| Other operating charges | 640/8 | €1,218 | €1,269 | +€51 | +4.1% |
| Gross operating margin | 9900 | €48,922 | €48,633 | -€290 | -0.6% |
| Operating profit (loss) | 9901 | €46,407 | €43,932 | -€2,474 | -5.3% |
| Financial income | 75/76B | €2,397 | €104 | -€2,294 | -95.7% |
| Recurring financial income | 75 | €2,397 | €104 | -€2,294 | -95.7% |
| Financial charges | 65/66B | €168 | €162 | -€6 | -3.3% |
| Recurring financial charges | 65 | €168 | €162 | -€6 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €48,636 | €43,874 | -€4,762 | -9.8% |
| Income taxes | 67/77 | €12,807 | €13,750 | +€943 | +7.4% |
| Profit (loss) for the period | 9904 | €35,829 | €30,124 | -€5,705 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,829 | €30,124 | -€5,705 | -15.9% |
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 24 October 2026 via checked.be.