SKOVAL: 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.
SKOVAL
Largest movements
- Cash -€16,393
down €16,393 (-31.8%), from €51,599 to €35,207
mainly Other debts (-€30,100) and Investment in fixed assets (net) (-€4,279)
- Tangible fixed assets -€4,597
down €4,597 (-9.4%), from €49,037 to €44,440
of which Furniture and vehicles: -€7,350
- Stocks and contracts -€2,529
down €2,529 (-82.2%), from €3,078 to €549
- Receivables within one year -€1,929
down €1,929 (-22.9%), from €8,429 to €6,500
of which Other amounts receivable: -€1,742
- Other debts -€30,100
down €30,100 (-81.2%), from €37,076 to €6,976
- Profit (loss) carried forward +€8,561
up €8,561 (+22.5%), from €38,024 to €46,585
- Trade debts -€2,004
down €2,004 (-29.1%), from €6,877 to €4,874
- Tax, wage and social debts -€1,669
down €1,669 (-16.9%), from €9,891 to €8,222
of which Remuneration and social security: -€3,013
- Staff costs -€6,379
down €6,379 (-16.3%), from €39,085 to €32,706
- Depreciation -€4,982
down €4,982 (-36.0%), from €13,858 to €8,876
- Taxes +€2,500
no longer reported in 2025 (was -€2,500)
- Financial charges -€862
down €862 (-63.7%), from €1,352 to €491
- Gross operating margin -€765
down €765 (-1.4%), from €55,009 to €54,244
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 | €112,924 | €87,116 | -€25,808 | -22.9% |
| Fixed assets | 21/28 | €49,457 | €44,860 | -€4,597 | -9.3% |
| Tangible fixed assets | 22/27 | €49,037 | €44,440 | -€4,597 | -9.4% |
| Land and buildings | 22 | €2,685 | €1,907 | -€777 | -29.0% |
| Plant, machinery and equipment | 23 | €10,764 | €10,033 | -€730 | -6.8% |
| Furniture and vehicles | 24 | €28,823 | €21,473 | -€7,350 | -25.5% |
| Other tangible fixed assets | 26 | €6,767 | €11,027 | +€4,261 | +63.0% |
| Financial fixed assets | 28 | €420 | €420 | = | 0.0% |
| Current assets | 29/58 | €63,467 | €42,256 | -€21,211 | -33.4% |
| Stocks and contracts in progress | 3 | €3,078 | €549 | -€2,529 | -82.2% |
| Stocks | 30/36 | €3,078 | €549 | -€2,529 | -82.2% |
| Amounts receivable within one year | 40/41 | €8,429 | €6,500 | -€1,929 | -22.9% |
| Trade receivables | 40 | €187 | - | -€187 | |
| Other amounts receivable | 41 | €8,242 | €6,500 | -€1,742 | -21.1% |
| Cash at bank and in hand | 54/58 | €51,599 | €35,207 | -€16,393 | -31.8% |
| Deferred charges and accrued income | 490/1 | €360 | - | -€360 | |
| Total equity and liabilities | 10/49 | €112,924 | €87,116 | -€25,808 | -22.9% |
| Equity | 10/15 | €58,484 | €67,045 | +€8,561 | +14.6% |
| 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 | €38,024 | €46,585 | +€8,561 | +22.5% |
| Amounts payable | 17/49 | €54,440 | €20,071 | -€34,369 | -63.1% |
| Amounts payable within one year | 42/48 | €54,440 | €20,071 | -€34,369 | -63.1% |
| Current portion of amounts payable after more than one year | 42 | €596 | - | -€596 | |
| Trade debts | 44 | €6,877 | €4,874 | -€2,004 | -29.1% |
| Suppliers | 440/4 | €6,877 | €4,874 | -€2,004 | -29.1% |
| Taxes, remuneration and social security | 45 | €9,891 | €8,222 | -€1,669 | -16.9% |
| Taxes | 450/3 | - | €1,344 | +€1,344 | |
| Remuneration and social security | 454/9 | €9,891 | €6,878 | -€3,013 | -30.5% |
| Other amounts payable | 47/48 | €37,076 | €6,976 | -€30,100 | -81.2% |
| Non-recurring operating income | 76A | - | €32,850 | +€32,850 | |
| Remuneration, social security and pensions | 62 | €39,085 | €32,706 | -€6,379 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,858 | €8,876 | -€4,982 | -36.0% |
| Other operating charges | 640/8 | €3,757 | €3,997 | +€240 | +6.4% |
| Gross operating margin | 9900 | €55,009 | €54,244 | -€765 | -1.4% |
| Operating profit (loss) | 9901 | -€1,690 | €8,665 | +€10,356 | |
| Financial income | 75/76B | €951 | €386 | -€565 | -59.4% |
| Recurring financial income | 75 | €951 | €386 | -€565 | -59.4% |
| Financial charges | 65/66B | €1,352 | €491 | -€862 | -63.7% |
| Recurring financial charges | 65 | €1,352 | €491 | -€862 | -63.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,092 | €8,561 | +€10,653 | |
| Income taxes | 67/77 | -€2,500 | - | +€2,500 | |
| Profit (loss) for the period | 9904 | €408 | €8,561 | +€8,153 | +1998.3% |
| Profit (loss) for the period to be appropriated | 9905 | €408 | €8,561 | +€8,153 | +1998.3% |
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 7 October 2026 via checked.be.