SKO: 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.
SKO
Largest movements
- Tangible fixed assets -€14,730
down €14,730 (-21.1%), from €69,725 to €54,995
of which Other tangible fixed assets: -€12,521
- Stocks and contracts -€12,271
down €12,271 (-48.9%), from €25,073 to €12,802
- Profit (loss) carried forward -€31,421
down €31,421 (-60.4%), from -€51,994 to -€83,415
- Other debts +€19,004
up €19,004 (+27.5%), from €69,023 to €88,027
- Debts after one year -€10,287
down €10,287 (-85.5%), from €12,031 to €1,744
- Trade debts -€3,919
down €3,919 (-57.1%), from €6,869 to €2,950
- Tax, wage and social debts -€1,092
down €1,092 (-60.1%), from €1,816 to €724
of which Remuneration and social security: -€1,350
- Financial income -€7,281
down €7,281 (-99.2%), from €7,340 to €59
of which Non-recurring financial income: -€7,340
- Depreciation -€1,435
down €1,435 (-8.6%), from €16,610 to €15,175
- Other operating charges +€826
up €826 (+37.2%), from €2,224 to €3,050
- Financial charges +€804
up €804 (+18.2%), from €4,420 to €5,224
- Gross operating margin -€426
down €426 (-6.0%), from -€7,056 to -€7,483
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 | €105,883 | €78,450 | -€27,434 | -25.9% |
| Fixed assets | 21/28 | €72,907 | €58,177 | -€14,730 | -20.2% |
| Tangible fixed assets | 22/27 | €69,725 | €54,995 | -€14,730 | -21.1% |
| Plant, machinery and equipment | 23 | €1,460 | €1,666 | +€207 | +14.2% |
| Furniture and vehicles | 24 | €6,356 | €3,941 | -€2,416 | -38.0% |
| Other tangible fixed assets | 26 | €61,909 | €49,388 | -€12,521 | -20.2% |
| Financial fixed assets | 28 | €3,182 | €3,182 | = | 0.0% |
| Current assets | 29/58 | €32,977 | €20,273 | -€12,704 | -38.5% |
| Stocks and contracts in progress | 3 | €25,073 | €12,802 | -€12,271 | -48.9% |
| Stocks | 30/36 | €25,073 | €12,802 | -€12,271 | -48.9% |
| Amounts receivable within one year | 40/41 | €6,936 | €6,500 | -€436 | -6.3% |
| Trade receivables | 40 | €6,697 | €6,500 | -€197 | -2.9% |
| Other amounts receivable | 41 | €238 | - | -€238 | |
| Cash at bank and in hand | 54/58 | €149 | €149 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €819 | €821 | +€2 | +0.3% |
| Total equity and liabilities | 10/49 | €105,883 | €78,450 | -€27,434 | -25.9% |
| Equity | 10/15 | €12,776 | -€18,645 | -€31,421 | |
| Contributions | 10/11 | €63,600 | €63,600 | = | 0.0% |
| Reserves | 13 | €1,170 | €1,170 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,170 | €1,170 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,994 | -€83,415 | -€31,421 | -60.4% |
| Amounts payable | 17/49 | €93,108 | €97,095 | +€3,987 | +4.3% |
| Amounts payable after more than one year | 17 | €12,031 | €1,744 | -€10,287 | -85.5% |
| Financial debts | 170/4 | €12,031 | €1,744 | -€10,287 | -85.5% |
| Amounts payable within one year | 42/48 | €81,076 | €95,351 | +€14,274 | +17.6% |
| Financial debts | 43 | €3,368 | €3,651 | +€282 | +8.4% |
| Credit institutions | 430/8 | €3,368 | €3,651 | +€282 | +8.4% |
| Trade debts | 44 | €6,869 | €2,950 | -€3,919 | -57.1% |
| Suppliers | 440/4 | €6,869 | €2,950 | -€3,919 | -57.1% |
| Taxes, remuneration and social security | 45 | €1,816 | €724 | -€1,092 | -60.1% |
| Taxes | 450/3 | €466 | €724 | +€258 | +55.3% |
| Remuneration and social security | 454/9 | €1,350 | - | -€1,350 | |
| Other amounts payable | 47/48 | €69,023 | €88,027 | +€19,004 | +27.5% |
| Remuneration, social security and pensions | 62 | - | €367 | +€367 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,610 | €15,175 | -€1,435 | -8.6% |
| Other operating charges | 640/8 | €2,224 | €3,050 | +€826 | +37.2% |
| Gross operating margin | 9900 | -€7,056 | -€7,483 | -€426 | -6.0% |
| Operating profit (loss) | 9901 | -€25,890 | -€26,074 | -€185 | -0.7% |
| Financial income | 75/76B | €7,340 | €59 | -€7,281 | -99.2% |
| Recurring financial income | 75 | €7,340 | €59 | -€7,281 | -99.2% |
| Non-recurring financial income | 76B | €7,340 | - | -€7,340 | |
| Financial charges | 65/66B | €4,420 | €5,224 | +€804 | +18.2% |
| Recurring financial charges | 65 | €4,420 | €5,224 | +€804 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | -€22,970 | -€31,239 | -€8,269 | -36.0% |
| Income taxes | 67/77 | €138 | €182 | +€44 | +32.2% |
| Profit (loss) for the period | 9904 | -€23,107 | -€31,421 | -€8,313 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,107 | -€31,421 | -€8,313 | -36.0% |
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 15 October 2026 via checked.be.