SKILLSET: 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.
SKILLSET
Largest movements
- Cash +€9,742
up €9,742 (+1,110%), from €878 to €10,619
mainly Receivables within one year (+€5,758) and Current portion of long-term debt (+€1,699)
- Receivables within one year -€5,758
down €5,758 (-9.0%), from €63,661 to €57,904
of which Trade receivables: -€21,996
- Tangible fixed assets +€905
up €905 (+43.2%), from €2,096 to €3,001
of which Plant, machinery and equipment: +€1,429
- Current portion of long-term debt +€1,699
new in 2025: €1,699
- Profit (loss) carried forward +€1,626
up €1,626 (+5.6%), from €29,197 to €30,822
- Debts after one year +€963
new in 2025: €963
- Gross operating margin -€39,222
down €39,222 (-77.6%), from €50,521 to €11,299
- Taxes -€6,574
down €6,574 (-66.5%), from €9,885 to €3,311
- Other operating charges -€1,613
down €1,613 (-67.8%), from €2,378 to €765
- Financial charges +€1,556
up €1,556 (+72.3%), from €2,151 to €3,707
- Write-downs +€1,200
new in 2025: €1,200
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 | €66,743 | €71,524 | +€4,781 | +7.2% |
| Fixed assets | 21/28 | €2,096 | €3,001 | +€905 | +43.2% |
| Tangible fixed assets | 22/27 | €2,096 | €3,001 | +€905 | +43.2% |
| Plant, machinery and equipment | 23 | - | €1,429 | +€1,429 | |
| Furniture and vehicles | 24 | €2,096 | €1,572 | -€524 | -25.0% |
| Current assets | 29/58 | €64,647 | €68,523 | +€3,876 | +6.0% |
| Amounts receivable within one year | 40/41 | €63,661 | €57,904 | -€5,758 | -9.0% |
| Trade receivables | 40 | €35,007 | €13,011 | -€21,996 | -62.8% |
| Other amounts receivable | 41 | €28,654 | €44,893 | +€16,238 | +56.7% |
| Cash at bank and in hand | 54/58 | €878 | €10,619 | +€9,742 | +1,110% |
| Deferred charges and accrued income | 490/1 | €107 | - | -€107 | |
| Total equity and liabilities | 10/49 | €66,743 | €71,524 | +€4,781 | +7.2% |
| Equity | 10/15 | €32,197 | €33,822 | +€1,626 | +5.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,197 | €30,822 | +€1,626 | +5.6% |
| Amounts payable | 17/49 | €34,546 | €37,702 | +€3,156 | +9.1% |
| Amounts payable after more than one year | 17 | - | €963 | +€963 | |
| Financial debts | 170/4 | - | €963 | +€963 | |
| Amounts payable within one year | 42/48 | €34,546 | €36,738 | +€2,192 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | - | €1,699 | +€1,699 | |
| Financial debts | 43 | - | €160 | +€160 | |
| Credit institutions | 430/8 | - | €160 | +€160 | |
| Trade debts | 44 | €16,420 | €16,156 | -€265 | -1.6% |
| Suppliers | 440/4 | €16,420 | €16,156 | -€265 | -1.6% |
| Taxes, remuneration and social security | 45 | €18,126 | €18,724 | +€599 | +3.3% |
| Taxes | 450/3 | €18,126 | €18,724 | +€599 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €524 | €699 | +€175 | +33.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,200 | +€1,200 | |
| Other operating charges | 640/8 | €2,378 | €765 | -€1,613 | -67.8% |
| Gross operating margin | 9900 | €50,521 | €11,299 | -€39,222 | -77.6% |
| Operating profit (loss) | 9901 | €47,620 | €8,636 | -€38,984 | -81.9% |
| Financial income | 75/76B | €2 | €8 | +€6 | +229% |
| Recurring financial income | 75 | €2 | €8 | +€6 | +229% |
| Non-recurring financial income | 76B | €2 | - | -€2 | |
| Financial charges | 65/66B | €2,151 | €3,707 | +€1,556 | +72.3% |
| Recurring financial charges | 65 | €2,151 | €3,707 | +€1,556 | +72.3% |
| Profit (loss) for the period before taxes | 9903 | €45,471 | €4,937 | -€40,534 | -89.1% |
| Income taxes | 67/77 | €9,885 | €3,311 | -€6,574 | -66.5% |
| Profit (loss) for the period | 9904 | €35,586 | €1,626 | -€33,960 | -95.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,586 | €1,626 | -€33,960 | -95.4% |
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.