SKM GROUP: 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.
SKM GROUP
Largest movements
- Receivables within one year -€174,415
down €174,415 (-80.9%), from €215,465 to €41,050
of which Trade receivables: -€175,678
- Cash +€26,911
up €26,911 (+3821.6%), from €704 to €27,615
mainly Receivables within one year (+€174,415) and Net result for the year (+€20,267)
- Stocks and contracts -€11,590
down €11,590 (-18.2%), from €63,548 to €51,959
- Tangible fixed assets +€11,218
up €11,218 (+37.9%), from €29,601 to €40,818
- Trade debts -€147,068
no longer reported in 2024 (was €147,068)
- Profit (loss) carried forward +€20,267
up €20,267 (+17.1%), from €118,692 to €138,959
- Tax, wage and social debts -€14,165
no longer reported in 2024 (was €14,165)
of which Remuneration and social security: -€13,446
- Other debts -€6,910
down €6,910 (-77.3%), from €8,934 to €2,024
- Staff costs -€33,831
no longer reported in 2024 (was €33,831)
- Gross operating margin -€29,089
down €29,089 (-40.7%), from €71,386 to €42,296
- Depreciation +€9,062
up €9,062 (+87.6%), from €10,347 to €19,408
- Other operating charges -€8,234
down €8,234 (-87.2%), from €9,443 to €1,209
- Financial charges -€5,782
down €5,782 (-90.6%), from €6,385 to €603
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €309,319 | €161,443 | -€147,876 | -47.8% |
| Fixed assets | 21/28 | €29,601 | €40,818 | +€11,218 | +37.9% |
| Tangible fixed assets | 22/27 | €29,601 | €40,818 | +€11,218 | +37.9% |
| Furniture and vehicles | 24 | €29,601 | €40,818 | +€11,218 | +37.9% |
| Current assets | 29/58 | €279,718 | €120,625 | -€159,093 | -56.9% |
| Stocks and contracts in progress | 3 | €63,548 | €51,959 | -€11,590 | -18.2% |
| Stocks | 30/36 | €63,548 | €51,959 | -€11,590 | -18.2% |
| Amounts receivable within one year | 40/41 | €215,465 | €41,050 | -€174,415 | -80.9% |
| Trade receivables | 40 | €215,465 | €39,787 | -€175,678 | -81.5% |
| Other amounts receivable | 41 | - | €1,263 | +€1,263 | |
| Cash at bank and in hand | 54/58 | €704 | €27,615 | +€26,911 | +3821.6% |
| Total equity and liabilities | 10/49 | €309,319 | €161,443 | -€147,876 | -47.8% |
| Equity | 10/15 | €139,152 | €159,419 | +€20,267 | +14.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,692 | €138,959 | +€20,267 | +17.1% |
| Amounts payable | 17/49 | €170,167 | €2,024 | -€168,142 | -98.8% |
| Amounts payable within one year | 42/48 | €170,167 | €2,024 | -€168,142 | -98.8% |
| Trade debts | 44 | €147,068 | - | -€147,068 | |
| Suppliers | 440/4 | €147,068 | - | -€147,068 | |
| Taxes, remuneration and social security | 45 | €14,165 | - | -€14,165 | |
| Taxes | 450/3 | €720 | - | -€720 | |
| Remuneration and social security | 454/9 | €13,446 | - | -€13,446 | |
| Other amounts payable | 47/48 | €8,934 | €2,024 | -€6,910 | -77.3% |
| Remuneration, social security and pensions | 62 | €33,831 | - | -€33,831 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,347 | €19,408 | +€9,062 | +87.6% |
| Other operating charges | 640/8 | €9,443 | €1,209 | -€8,234 | -87.2% |
| Non-recurring operating charges | 66A | €125 | €809 | +€684 | +547.5% |
| Gross operating margin | 9900 | €71,386 | €42,296 | -€29,089 | -40.7% |
| Operating profit (loss) | 9901 | €17,640 | €20,870 | +€3,230 | +18.3% |
| Financial charges | 65/66B | €6,385 | €603 | -€5,782 | -90.6% |
| Recurring financial charges | 65 | €6,385 | €603 | -€5,782 | -90.6% |
| Profit (loss) for the period before taxes | 9903 | €11,255 | €20,267 | +€9,012 | +80.1% |
| Income taxes | 67/77 | €1,370 | - | -€1,370 | |
| Profit (loss) for the period | 9904 | €9,885 | €20,267 | +€10,382 | +105.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,885 | €20,267 | +€10,382 | +105.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.