SKT: 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.
What changed
SKT
NACE 28.250, Manufacture of machinery and equipment not elsewhere classified
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.0m
2024 · €6.0m-€2.0m
Equity
€18.7m
2024 · €16.3m+€2.4m
Cash
€4.8m
2024 · €3.4m+€1.4m
Balance sheet total
€38.4m
2024 · €40.0m-€1.6m
Largest movements
Assets
- Current investments -€6.7m
down €6.7m (-67.2%), from €9.9m to €3.3m
- Stocks and contracts +€5.0m
up €5.0m (+45.3%), from €11.1m to €16.1m
- Receivables within one year -€1.6m
down €1.6m (-13.6%), from €12.1m to €10.5m
of which Trade receivables: -€1.4m
- Cash +€1.4m
up €1.4m (+39.9%), from €3.4m to €4.8m
mainly Current investments (+€6.7m) and Net result for the year (+€4.0m)
Equity and liabilities
- Profit (loss) carried forward +€3.9m
up €3.9m (+30.8%), from €12.7m to €16.6m
- Accrued charges and deferred income -€2.6m
down €2.6m (-29.4%), from €8.8m to €6.2m
- Other debts -€2.1m
down €2.1m (-56.3%), from €3.7m to €1.6m
- Reserves -€1.5m
down €1.5m (-72.2%), from €2.0m to €567,105
of which Tax-exempt reserves: -€1.5m
- Trade debts +€1.3m
up €1.3m (+27.1%), from €4.8m to €6.0m
Income statement
- Turnover -€8.6m
down €8.6m (-15.0%), from €57.8m to €49.1m
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.
Result 2024
€6.0m
Turnover
-€8.6m
Other operating income
+€38,259
Goods and materials
+€265,101
Services and other goods
-€400,417
Staff costs
-€71,409
Depreciation
-€277,598
Write-downs
+€81,650
Provisions
+€576,473
Other operating charges
-€1,642
Other operating items
+€5.9m
Financial income
+€204,724
Financial charges
+€145,185
Taxes
+€250,849
Deferred taxes and other
-€417
Result 2025
€4.0m
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.
From operations
-€1.2m
Investment
+€5.3m
Financing
-€2.7m
Cash 2024
€3.4m
From operations (derived)
-€1.2m
Net result for the year
+€4.0m
Depreciation
+€1.1m
Stocks and contracts
-€5.0m
Receivables within one year
+€1.6m
Deferred charges and accrued income
-€23,576
Provisions
-€340,025
Trade debts
+€1.3m
Tax, wage and social debts
+€796,772
Other debts
-€2.1m
Accrued charges and deferred income
-€2.6m
Investment (derived)
+€5.3m
Investment in fixed assets (net)
-€1.3m
Current investments
+€6.7m
Financing
-€2.7m
Debts after one year
-€1.1m
Contributions, distributions and other
-€1.6m
Cash 2025
€4.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,985,647 | €38,374,460 | -€1.6m | -4.0% |
| Fixed assets | 21/28 | €3,424,932 | €3,711,970 | +€287,039 | +8.4% |
| Tangible fixed assets | 22/27 | €3,424,842 | €3,697,160 | +€272,319 | +8.0% |
| Plant, machinery and equipment | 23 | €2,096,299 | €1,944,550 | -€151,749 | -7.2% |
| Furniture and vehicles | 24 | €655,192 | €1,195,916 | +€540,725 | +82.5% |
| Other tangible fixed assets | 26 | €673,351 | €556,694 | -€116,657 | -17.3% |
| Financial fixed assets | 28 | €90 | €14,810 | +€14,720 | +16355.6% |
| Other financial fixed assets | 284/8 | €90 | €14,810 | +€14,720 | +16355.6% |
| Amounts receivable and cash guarantees | 285/8 | €90 | €14,810 | +€14,720 | +16355.6% |
| Current assets | 29/58 | €36,560,716 | €34,662,490 | -€1.9m | -5.2% |
| Stocks and contracts in progress | 3 | €11,087,942 | €16,115,328 | +€5.0m | +45.3% |
| Stocks | 30/36 | €11,087,942 | €16,115,328 | +€5.0m | +45.3% |
| Raw materials and consumables | 30/31 | €6,564,543 | €6,503,423 | -€61,120 | -0.9% |
| Work in progress | 32 | €4,523,399 | €9,611,905 | +€5.1m | +112.5% |
| Amounts receivable within one year | 40/41 | €12,098,192 | €10,452,782 | -€1.6m | -13.6% |
| Trade receivables | 40 | €11,708,338 | €10,352,120 | -€1.4m | -11.6% |
| Other amounts receivable | 41 | €389,854 | €100,661 | -€289,192 | -74.2% |
| Current investments | 50/53 | €9,921,471 | €3,257,564 | -€6.7m | -67.2% |
| Other investments | 51/53 | €9,921,471 | €3,257,564 | -€6.7m | -67.2% |
| Cash at bank and in hand | 54/58 | €3,404,662 | €4,764,790 | +€1.4m | +39.9% |
| Deferred charges and accrued income | 490/1 | €48,450 | €72,026 | +€23,576 | +48.7% |
| Total equity and liabilities | 10/49 | €39,985,647 | €38,374,460 | -€1.6m | -4.0% |
| Equity | 10/15 | €16,269,724 | €18,708,041 | +€2.4m | +15.0% |
| Contributions | 10/11 | €1,489,667 | €1,489,667 | = | 0.0% |
| Capital | 10 | €1,450,318 | €1,450,318 | = | 0.0% |
| Issued capital | 100 | €1,450,318 | €1,450,318 | = | 0.0% |
| Contributions outside capital | 11 | €39,349 | €39,349 | = | 0.0% |
| Share premium | 1100/10 | €39,349 | €39,349 | = | 0.0% |
| Reserves | 13 | €2,040,605 | €567,105 | -€1.5m | -72.2% |
| Non-distributable reserves | 130/1 | €145,823 | €145,823 | = | 0.0% |
| Legal reserve | 130 | €145,823 | €145,823 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,487,263 | €13,763 | -€1.5m | -99.1% |
| Distributable reserves | 133 | €407,520 | €407,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,716,274 | €16,631,240 | +€3.9m | +30.8% |
| Investment grants | 15 | €23,178 | €20,028 | -€3,150 | -13.6% |
| Provisions and deferred taxes | 16 | €1,503,138 | €1,163,113 | -€340,025 | -22.6% |
| Provisions for liabilities and charges | 160/5 | €1,495,412 | €1,156,437 | -€338,975 | -22.7% |
| Other liabilities and charges | 164/5 | €1,495,412 | €1,156,437 | -€338,975 | -22.7% |
| Deferred taxes | 168 | €7,726 | €6,676 | -€1,050 | -13.6% |
| Amounts payable | 17/49 | €22,212,785 | €18,503,306 | -€3.7m | -16.7% |
| Amounts payable after more than one year | 17 | €2,979,023 | €1,833,927 | -€1.1m | -38.4% |
| Financial debts | 170/4 | €2,979,023 | €1,833,927 | -€1.1m | -38.4% |
| Other loans | 174 | €2,979,023 | €1,833,927 | -€1.1m | -38.4% |
| Amounts payable within one year | 42/48 | €10,428,078 | €10,454,331 | +€26,254 | +0.3% |
| Trade debts | 44 | €4,758,390 | €6,046,170 | +€1.3m | +27.1% |
| Suppliers | 440/4 | €4,758,390 | €6,046,170 | +€1.3m | +27.1% |
| Taxes, remuneration and social security | 45 | €2,013,075 | €2,809,847 | +€796,772 | +39.6% |
| Taxes | 450/3 | €354,069 | €1,182,346 | +€828,277 | +233.9% |
| Remuneration and social security | 454/9 | €1,659,005 | €1,627,500 | -€31,505 | -1.9% |
| Other amounts payable | 47/48 | €3,656,613 | €1,598,314 | -€2.1m | -56.3% |
| Accrued charges and deferred income | 492/3 | €8,805,684 | €6,215,048 | -€2.6m | -29.4% |
| Operating income | 70/76A | €57,668,091 | €54,937,348 | -€2.7m | -4.7% |
| Turnover | 70 | €57,756,412 | €49,116,828 | -€8.6m | -15.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€707,567 | €5,088,506 | +€5.8m | |
| Other operating income | 74 | €596,169 | €634,428 | +€38,259 | +6.4% |
| Non-recurring operating income | 76A | €23,077 | €97,585 | +€74,508 | +322.9% |
| Operating charges | 60/66A | €50,645,628 | €50,467,452 | -€178,176 | -0.4% |
| Goods for resale, raw materials and consumables | 60 | €35,817,629 | €35,552,529 | -€265,101 | -0.7% |
| Purchases | 600/8 | €37,299,951 | €35,491,409 | -€1.8m | -4.8% |
| Change in stocks: decrease (increase) | 609 | -€1,482,322 | €61,120 | +€1.5m | |
| Services and other goods | 61 | €6,568,065 | €6,968,481 | +€400,417 | +6.1% |
| Remuneration, social security and pensions | 62 | €7,128,669 | €7,200,078 | +€71,409 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €778,324 | €1,055,923 | +€277,598 | +35.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €81,650 | €0 | -€81,650 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €237,498 | -€338,975 | -€576,473 | |
| Other operating charges | 640/8 | €24,993 | €26,635 | +€1,642 | +6.6% |
| Non-recurring operating charges | 66A | €8,800 | €2,781 | -€6,019 | -68.4% |
| Operating profit (loss) | 9901 | €7,022,463 | €4,469,896 | -€2.6m | -36.3% |
| Financial income | 75/76B | €386,579 | €591,303 | +€204,724 | +53.0% |
| Recurring financial income | 75 | €386,579 | €591,303 | +€204,724 | +53.0% |
| Income from current assets | 751 | €225,828 | €488,097 | +€262,270 | +116.1% |
| Other financial income | 752/9 | €160,752 | €103,206 | -€57,545 | -35.8% |
| Financial charges | 65/66B | €378,980 | €233,795 | -€145,185 | -38.3% |
| Recurring financial charges | 65 | €378,980 | €233,795 | -€145,185 | -38.3% |
| Debt charges | 650 | €343,544 | €181,053 | -€162,492 | -47.3% |
| Other financial charges | 652/9 | €35,435 | €52,742 | +€17,307 | +48.8% |
| Profit (loss) for the period before taxes | 9903 | €7,030,063 | €4,827,404 | -€2.2m | -31.3% |
| Transfer from deferred taxes | 780 | €1,467 | €1,050 | -€417 | -28.4% |
| Income taxes | 67/77 | €1,039,523 | €788,673 | -€250,849 | -24.1% |
| Taxes | 670/3 | €1,039,523 | €817,212 | -€222,311 | -21.4% |
| Tax adjustments and reversals of tax provisions | 77 | - | €28,539 | +€28,539 | |
| Profit (loss) for the period | 9904 | €5,992,007 | €4,039,781 | -€2.0m | -32.6% |
| Transfer from tax-exempt reserves | 789 | €1,252 | €1,473,500 | +€1.5m | +117548.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,993,260 | €5,513,281 | -€479,979 | -8.0% |
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 9 October 2026 via checked.be.