SKLOGW: what changed
Two fiscal 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.
SKLOGW
Largest movements
- Cash -€76,543
down €76,543 (-84.0%), from €91,072 to €14,529
mainly Contributions, distributions and other (-€214,900) and Receivables within one year (-€40,455)
- Receivables within one year +€40,455
up €40,455 (+72.2%), from €56,027 to €96,482
of which Trade receivables: +€34,003
- Receivables after one year -€10,000
down €10,000 (-15.9%), from €63,000 to €53,000
- Profit (loss) carried forward -€123,192
down €123,192 (-100.0%), from €123,227 to €35
- Other debts +€92,281
up €92,281 (+10301.6%), from €896 to €93,177
- Reserves -€20,000
down €20,000 (-33.3%), from €60,000 to €40,000
- Trade debts +€6,271
up €6,271 (+368.8%), from €1,700 to €7,971
of which Bills of exchange payable: +€6,496
- Gross operating margin +€11,736
up €11,736 (+14.7%), from €79,959 to €91,695
- Taxes +€2,519
up €2,519 (+15.6%), from €16,192 to €18,711
- Financial income +€1,046
up €1,046 (+73.5%), from €1,423 to €2,469
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.
Cash bridge derived
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 | €213,850 | €169,284 | -€44,566 | -20.8% |
| Fixed assets | 21/28 | €1,525 | €3,114 | +€1,589 | +104.2% |
| Tangible fixed assets | 22/27 | €1,525 | €3,114 | +€1,589 | +104.2% |
| Furniture and vehicles | 24 | €1,525 | €559 | -€966 | -63.3% |
| Other tangible fixed assets | 26 | - | €2,555 | +€2,555 | |
| Current assets | 29/58 | €212,325 | €166,170 | -€46,155 | -21.7% |
| Amounts receivable after more than one year | 29 | €63,000 | €53,000 | -€10,000 | -15.9% |
| Other amounts receivable | 291 | €63,000 | €53,000 | -€10,000 | -15.9% |
| Amounts receivable within one year | 40/41 | €56,027 | €96,482 | +€40,455 | +72.2% |
| Trade receivables | 40 | €56,027 | €90,030 | +€34,003 | +60.7% |
| Other amounts receivable | 41 | - | €6,451 | +€6,451 | |
| Cash at bank and in hand | 54/58 | €91,072 | €14,529 | -€76,543 | -84.0% |
| Deferred charges and accrued income | 490/1 | €2,226 | €2,159 | -€67 | -3.0% |
| Total equity and liabilities | 10/49 | €213,850 | €169,284 | -€44,566 | -20.8% |
| Equity | 10/15 | €186,227 | €43,035 | -€143,192 | -76.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Distributable reserves | 133 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Profit (loss) carried forward | 14 | €123,227 | €35 | -€123,192 | -100.0% |
| Amounts payable | 17/49 | €27,623 | €126,249 | +€98,626 | +357.0% |
| Amounts payable within one year | 42/48 | €27,623 | €126,249 | +€98,626 | +357.0% |
| Trade debts | 44 | €1,700 | €7,971 | +€6,271 | +368.8% |
| Suppliers | 440/4 | €1,700 | €1,475 | -€225 | -13.2% |
| Bills of exchange payable | 441 | - | €6,496 | +€6,496 | |
| Taxes, remuneration and social security | 45 | €25,027 | €25,101 | +€74 | +0.3% |
| Taxes | 450/3 | €25,027 | €25,101 | +€74 | +0.3% |
| Other amounts payable | 47/48 | €896 | €93,177 | +€92,281 | +10301.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €966 | €1,155 | +€189 | +19.6% |
| Other operating charges | 640/8 | €203 | €501 | +€298 | +146.5% |
| Gross operating margin | 9900 | €79,959 | €91,695 | +€11,736 | +14.7% |
| Operating profit (loss) | 9901 | €78,790 | €90,039 | +€11,249 | +14.3% |
| Financial income | 75/76B | €1,423 | €2,469 | +€1,046 | +73.5% |
| Recurring financial income | 75 | €1,423 | €2,469 | +€1,046 | +73.5% |
| Financial charges | 65/66B | €2,054 | €2,089 | +€35 | +1.7% |
| Recurring financial charges | 65 | €2,054 | €2,089 | +€35 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €78,159 | €90,419 | +€12,260 | +15.7% |
| Income taxes | 67/77 | €16,192 | €18,711 | +€2,519 | +15.6% |
| Profit (loss) for the period | 9904 | €61,967 | €71,708 | +€9,741 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,967 | €71,708 | +€9,741 | +15.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.