SKV Management: 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.
SKV Management
Largest movements
- Tangible fixed assets -€26,755
down €26,755 (-26.3%), from €101,876 to €75,121
of which Leasing and similar rights: -€15,130
- Receivables within one year +€4,738
up €4,738 (+23.3%), from €20,356 to €25,094
of which Trade receivables: +€6,534
- Cash +€4,660
up €4,660 (+11.2%), from €41,540 to €46,200
mainly Net result for the year (+€47,124) and Depreciation (+€26,755)
- Debts after one year -€14,380
down €14,380 (-27.8%), from €51,672 to €37,292
- Reserves -€2,589
down €2,589 (-100%), from €2,589 to €0
- Other debts -€2,212
down €2,212 (-3.7%), from €59,313 to €57,101
- Gross operating margin -€5,998
down €5,998 (-6.2%), from €96,841 to €90,843
- Depreciation +€4,025
up €4,025 (+17.7%), from €22,730 to €26,755
- Taxes -€1,791
down €1,791 (-11.4%), from €15,655 to €13,864
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 | €163,772 | €146,415 | -€17,357 | -10.6% |
| Fixed assets | 21/28 | €101,876 | €75,121 | -€26,755 | -26.3% |
| Tangible fixed assets | 22/27 | €101,876 | €75,121 | -€26,755 | -26.3% |
| Furniture and vehicles | 24 | €35,112 | €24,497 | -€10,615 | -30.2% |
| Leasing and similar rights | 25 | €64,302 | €49,172 | -€15,130 | -23.5% |
| Other tangible fixed assets | 26 | €2,462 | €1,452 | -€1,010 | -41.0% |
| Current assets | 29/58 | €61,896 | €71,294 | +€9,398 | +15.2% |
| Amounts receivable within one year | 40/41 | €20,356 | €25,094 | +€4,738 | +23.3% |
| Trade receivables | 40 | €17,424 | €23,958 | +€6,534 | +37.5% |
| Other amounts receivable | 41 | €2,932 | €1,136 | -€1,796 | -61.2% |
| Cash at bank and in hand | 54/58 | €41,540 | €46,200 | +€4,660 | +11.2% |
| Total equity and liabilities | 10/49 | €163,772 | €146,415 | -€17,357 | -10.6% |
| Equity | 10/15 | €21,189 | €18,600 | -€2,589 | -12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,589 | €0 | -€2,589 | -100% |
| Distributable reserves | 133 | €2,589 | €0 | -€2,589 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €142,583 | €127,815 | -€14,768 | -10.4% |
| Amounts payable after more than one year | 17 | €51,672 | €37,292 | -€14,380 | -27.8% |
| Financial debts | 170/4 | €51,672 | €37,292 | -€14,380 | -27.8% |
| Amounts payable within one year | 42/48 | €90,912 | €90,523 | -€388 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €18,998 | €19,458 | +€460 | +2.4% |
| Trade debts | 44 | €781 | €1,757 | +€976 | +125% |
| Suppliers | 440/4 | €781 | €1,757 | +€976 | +125% |
| Taxes, remuneration and social security | 45 | €11,819 | €12,207 | +€388 | +3.3% |
| Taxes | 450/3 | €11,819 | €12,207 | +€388 | +3.3% |
| Other amounts payable | 47/48 | €59,313 | €57,101 | -€2,212 | -3.7% |
| Non-recurring operating income | 76A | €24,000 | €0 | -€24,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,730 | €26,755 | +€4,025 | +17.7% |
| Other operating charges | 640/8 | €579 | €768 | +€189 | +32.7% |
| Gross operating margin | 9900 | €96,841 | €90,843 | -€5,998 | -6.2% |
| Operating profit (loss) | 9901 | €73,532 | €63,320 | -€10,213 | -13.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +60.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +60.0% |
| Financial charges | 65/66B | €2,306 | €2,332 | +€26 | +1.1% |
| Recurring financial charges | 65 | €2,306 | €2,332 | +€26 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €71,226 | €60,988 | -€10,238 | -14.4% |
| Income taxes | 67/77 | €15,655 | €13,864 | -€1,791 | -11.4% |
| Profit (loss) for the period | 9904 | €55,571 | €47,124 | -€8,447 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €55,571 | €47,124 | -€8,447 | -15.2% |
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 13 October 2026 via checked.be.