SKOR: 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.
SKOR
Largest movements
- Tangible fixed assets -€46,409
down €46,409 (-10.4%), from €448,108 to €401,699
- Receivables within one year -€44,922
down €44,922 (-89.1%), from €50,392 to €5,470
of which Trade receivables: -€39,086
- Stocks and contracts +€31,105
up €31,105 (+35.2%), from €88,269 to €119,374
- Debts after one year -€41,225
down €41,225 (-16.4%), from €251,703 to €210,479
- Reserves +€41,000
up €41,000 (+32.1%), from €127,855 to €168,855
of which Distributable reserves: +€41,000
- Trade debts -€29,495
down €29,495 (-91.4%), from €32,260 to €2,764
- Other debts -€21,366
down €21,366 (-27.4%), from €77,948 to €56,582
- Current portion of long-term debt -€12,111
down €12,111 (-21.1%), from €57,370 to €45,259
- Depreciation +€8,202
up €8,202 (+18.6%), from €44,207 to €52,409
- Gross operating margin +€5,731
up €5,731 (+3.1%), from €184,484 to €190,215
- Staff costs -€3,919
down €3,919 (-5.7%), from €68,157 to €64,238
- Taxes +€2,332
up €2,332 (+15.8%), from €14,716 to €17,048
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 | €631,678 | €574,191 | -€57,486 | -9.1% |
| Fixed assets | 21/28 | €448,471 | €403,833 | -€44,638 | -10.0% |
| Tangible fixed assets | 22/27 | €448,108 | €401,699 | -€46,409 | -10.4% |
| Land and buildings | 22 | €308,954 | €297,327 | -€11,627 | -3.8% |
| Plant, machinery and equipment | 23 | €26,283 | €24,363 | -€1,920 | -7.3% |
| Furniture and vehicles | 24 | €72,045 | €53,578 | -€18,466 | -25.6% |
| Leasing and similar rights | 25 | €40,825 | €26,430 | -€14,395 | -35.3% |
| Financial fixed assets | 28 | €363 | €2,134 | +€1,771 | +487.9% |
| Current assets | 29/58 | €183,207 | €170,358 | -€12,849 | -7.0% |
| Stocks and contracts in progress | 3 | €88,269 | €119,374 | +€31,105 | +35.2% |
| Stocks | 30/36 | €88,269 | €119,374 | +€31,105 | +35.2% |
| Amounts receivable within one year | 40/41 | €50,392 | €5,470 | -€44,922 | -89.1% |
| Trade receivables | 40 | €43,785 | €4,698 | -€39,086 | -89.3% |
| Other amounts receivable | 41 | €6,607 | €772 | -€5,836 | -88.3% |
| Cash at bank and in hand | 54/58 | €38,337 | €40,029 | +€1,692 | +4.4% |
| Deferred charges and accrued income | 490/1 | €6,209 | €5,485 | -€724 | -11.7% |
| Total equity and liabilities | 10/49 | €631,678 | €574,191 | -€57,486 | -9.1% |
| Equity | 10/15 | €189,031 | €230,449 | +€41,419 | +21.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €127,855 | €168,855 | +€41,000 | +32.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €126,000 | €167,000 | +€41,000 | +32.5% |
| Profit (loss) carried forward | 14 | €48,776 | €49,194 | +€419 | +0.9% |
| Amounts payable | 17/49 | €442,647 | €343,742 | -€98,905 | -22.3% |
| Amounts payable after more than one year | 17 | €251,703 | €210,479 | -€41,225 | -16.4% |
| Financial debts | 170/4 | €251,703 | €210,479 | -€41,225 | -16.4% |
| Amounts payable within one year | 42/48 | €189,762 | €129,327 | -€60,435 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €57,370 | €45,259 | -€12,111 | -21.1% |
| Trade debts | 44 | €32,260 | €2,764 | -€29,495 | -91.4% |
| Suppliers | 440/4 | €32,260 | €2,764 | -€29,495 | -91.4% |
| Taxes, remuneration and social security | 45 | €22,184 | €24,722 | +€2,538 | +11.4% |
| Taxes | 450/3 | €18,551 | €21,178 | +€2,627 | +14.2% |
| Remuneration and social security | 454/9 | €3,633 | €3,544 | -€89 | -2.4% |
| Other amounts payable | 47/48 | €77,948 | €56,582 | -€21,366 | -27.4% |
| Accrued charges and deferred income | 492/3 | €1,181 | €3,936 | +€2,755 | +233.2% |
| Remuneration, social security and pensions | 62 | €68,157 | €64,238 | -€3,919 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,207 | €52,409 | +€8,202 | +18.6% |
| Other operating charges | 640/8 | €4,825 | €5,731 | +€906 | +18.8% |
| Non-recurring operating charges | 66A | €2,583 | €186 | -€2,397 | -92.8% |
| Gross operating margin | 9900 | €184,484 | €190,215 | +€5,731 | +3.1% |
| Operating profit (loss) | 9901 | €64,713 | €67,651 | +€2,938 | +4.5% |
| Financial income | 75/76B | €776 | €1,349 | +€573 | +73.8% |
| Recurring financial income | 75 | €776 | €1,349 | +€573 | +73.8% |
| Financial charges | 65/66B | €11,889 | €10,533 | -€1,356 | -11.4% |
| Recurring financial charges | 65 | €11,889 | €10,533 | -€1,356 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €53,599 | €58,466 | +€4,867 | +9.1% |
| Income taxes | 67/77 | €14,716 | €17,048 | +€2,332 | +15.8% |
| Profit (loss) for the period | 9904 | €38,884 | €41,419 | +€2,535 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,884 | €41,419 | +€2,535 | +6.5% |
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 8 October 2026 via checked.be.