SKOGEN: 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.
SKOGEN
Largest movements
- Receivables within one year +€37,771
up €37,771 (+289%), from €13,090 to €50,862
- Cash +€22,032
up €22,032 (+97.1%), from €22,684 to €44,715
mainly Net result for the year (+€58,345) and Depreciation (+€15,947)
- Tangible fixed assets -€7,799
down €7,799 (-12.7%), from €61,177 to €53,378
- Current investments +€7,337
up €7,337 (+4.3%), from €170,132 to €177,468
- Profit (loss) carried forward +€58,345
up €58,345 (+66.4%), from €87,850 to €146,195
- Trade debts +€3,507
up €3,507 (+260%), from €1,348 to €4,855
- Tax, wage and social debts -€3,328
down €3,328 (-11.2%), from €29,784 to €26,456
- Gross operating margin +€19,861
up €19,861 (+28.4%), from €69,873 to €89,734
- Depreciation +€7,351
up €7,351 (+85.5%), from €8,596 to €15,947
- Other operating charges -€5,230
down €5,230 (-87.3%), from €5,992 to €761
- Taxes +€2,457
up €2,457 (+17.3%), from €14,213 to €16,670
- Financial income +€2,029
up €2,029 (+2,419%), from €84 to €2,113
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 | €270,889 | €330,584 | +€59,695 | +22.0% |
| Fixed assets | 21/28 | €61,177 | €53,378 | -€7,799 | -12.7% |
| Tangible fixed assets | 22/27 | €61,177 | €53,378 | -€7,799 | -12.7% |
| Furniture and vehicles | 24 | €61,177 | €53,378 | -€7,799 | -12.7% |
| Current assets | 29/58 | €209,713 | €277,206 | +€67,493 | +32.2% |
| Amounts receivable within one year | 40/41 | €13,090 | €50,862 | +€37,771 | +289% |
| Trade receivables | 40 | €13,090 | €50,862 | +€37,771 | +289% |
| Current investments | 50/53 | €170,132 | €177,468 | +€7,337 | +4.3% |
| Cash at bank and in hand | 54/58 | €22,684 | €44,715 | +€22,032 | +97.1% |
| Deferred charges and accrued income | 490/1 | €3,807 | €4,160 | +€354 | +9.3% |
| Total equity and liabilities | 10/49 | €270,889 | €330,584 | +€59,695 | +22.0% |
| Equity | 10/15 | €108,310 | €166,655 | +€58,345 | +53.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,850 | €146,195 | +€58,345 | +66.4% |
| Amounts payable | 17/49 | €162,579 | €163,929 | +€1,350 | +0.8% |
| Amounts payable within one year | 42/48 | €162,579 | €163,929 | +€1,350 | +0.8% |
| Trade debts | 44 | €1,348 | €4,855 | +€3,507 | +260% |
| Suppliers | 440/4 | €1,348 | €4,855 | +€3,507 | +260% |
| Taxes, remuneration and social security | 45 | €29,784 | €26,456 | -€3,328 | -11.2% |
| Taxes | 450/3 | €29,784 | €26,456 | -€3,328 | -11.2% |
| Other amounts payable | 47/48 | €131,447 | €132,618 | +€1,171 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,596 | €15,947 | +€7,351 | +85.5% |
| Other operating charges | 640/8 | €5,992 | €761 | -€5,230 | -87.3% |
| Gross operating margin | 9900 | €69,873 | €89,734 | +€19,861 | +28.4% |
| Operating profit (loss) | 9901 | €55,286 | €73,025 | +€17,740 | +32.1% |
| Financial income | 75/76B | €84 | €2,113 | +€2,029 | +2,419% |
| Recurring financial income | 75 | €84 | €2,113 | +€2,029 | +2,419% |
| Financial charges | 65/66B | €28 | €124 | +€96 | +342% |
| Recurring financial charges | 65 | €28 | €124 | +€96 | +342% |
| Profit (loss) for the period before taxes | 9903 | €55,341 | €75,014 | +€19,673 | +35.5% |
| Income taxes | 67/77 | €14,213 | €16,670 | +€2,457 | +17.3% |
| Profit (loss) for the period | 9904 | €41,129 | €58,345 | +€17,216 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,129 | €58,345 | +€17,216 | +41.9% |
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 30 October 2026 via checked.be.