SKITS: what changed
SKITS
Largest movements
- Tangible fixed assets -€22,477
down €22,477 (-37.1%), from €60,549 to €38,072
of which Furniture and vehicles: -€22,179
- Cash +€13,145
up €13,145 (+12.8%), from €102,477 to €115,622
mainly Other debts (+€105,150) and Depreciation (+€23,198)
- Receivables within one year -€9,429
down €9,429 (-31.0%), from €30,386 to €20,957
of which Trade receivables: -€12,150
- Profit (loss) carried forward -€105,770
down €105,770 (-85.3%), from €124,007 to €18,238
- Other debts +€105,150
up €105,150 (+3,982%), from €2,641 to €107,790
- Debts after one year -€14,172
down €14,172 (-36.2%), from €39,154 to €24,981
- Tax, wage and social debts -€6,077
down €6,077 (-35.5%), from €17,128 to €11,051
- Gross operating margin -€40,407
down €40,407 (-44.9%), from €89,999 to €49,592
- Taxes -€8,450
down €8,450 (-63.2%), from €13,378 to €4,928
- Depreciation +€1,077
up €1,077 (+4.9%), from €22,121 to €23,198
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €198,634 | €178,928 | -€19,706 | -9.9% |
| Fixed assets | 21/28 | €60,549 | €38,072 | -€22,477 | -37.1% |
| Tangible fixed assets | 22/27 | €60,549 | €38,072 | -€22,477 | -37.1% |
| Plant, machinery and equipment | 23 | €943 | €645 | -€298 | -31.6% |
| Furniture and vehicles | 24 | €59,606 | €37,428 | -€22,179 | -37.2% |
| Current assets | 29/58 | €138,084 | €140,856 | +€2,771 | +2.0% |
| Amounts receivable within one year | 40/41 | €30,386 | €20,957 | -€9,429 | -31.0% |
| Trade receivables | 40 | €30,100 | €17,950 | -€12,150 | -40.4% |
| Other amounts receivable | 41 | €286 | €3,007 | +€2,720 | +950% |
| Cash at bank and in hand | 54/58 | €102,477 | €115,622 | +€13,145 | +12.8% |
| Deferred charges and accrued income | 490/1 | €5,221 | €4,276 | -€944 | -18.1% |
| Total equity and liabilities | 10/49 | €198,634 | €178,928 | -€19,706 | -9.9% |
| Equity | 10/15 | €125,007 | €19,238 | -€105,770 | -84.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,007 | €18,238 | -€105,770 | -85.3% |
| Amounts payable | 17/49 | €73,626 | €159,690 | +€86,064 | +117% |
| Amounts payable after more than one year | 17 | €39,154 | €24,981 | -€14,172 | -36.2% |
| Financial debts | 170/4 | €39,154 | €24,981 | -€14,172 | -36.2% |
| Amounts payable within one year | 42/48 | €34,473 | €134,709 | +€100,236 | +291% |
| Current portion of amounts payable after more than one year | 42 | €13,590 | €14,172 | +€582 | +4.3% |
| Trade debts | 44 | €1,114 | €1,696 | +€582 | +52.3% |
| Suppliers | 440/4 | €1,114 | €1,696 | +€582 | +52.3% |
| Taxes, remuneration and social security | 45 | €17,128 | €11,051 | -€6,077 | -35.5% |
| Taxes | 450/3 | €17,128 | €11,051 | -€6,077 | -35.5% |
| Other amounts payable | 47/48 | €2,641 | €107,790 | +€105,150 | +3,982% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,121 | €23,198 | +€1,077 | +4.9% |
| Other operating charges | 640/8 | €108 | €264 | +€156 | +145% |
| Non-recurring operating charges | 66A | - | €943 | +€943 | |
| Gross operating margin | 9900 | €89,999 | €49,592 | -€40,407 | -44.9% |
| Operating profit (loss) | 9901 | €67,770 | €25,186 | -€42,584 | -62.8% |
| Financial charges | 65/66B | €2,530 | €2,028 | -€502 | -19.8% |
| Recurring financial charges | 65 | €2,530 | €2,028 | -€502 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €65,241 | €23,159 | -€42,082 | -64.5% |
| Income taxes | 67/77 | €13,378 | €4,928 | -€8,450 | -63.2% |
| Profit (loss) for the period | 9904 | €51,863 | €18,230 | -€33,632 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,863 | €18,230 | -€33,632 | -64.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.