SKVB: 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.
SKVB
Largest movements
- Financial fixed assets -€482,932
down €482,932 (-75.3%), from €641,370 to €158,438
- Cash +€355,011
up €355,011 (+393.4%), from €90,244 to €445,255
mainly Investment in fixed assets (net) (+€452,330) and Net result for the year (+€172,165)
- Receivables within one year +€338,494
up €338,494 (+551.1%), from €61,427 to €399,921
of which Other amounts receivable: +€233,450
- Tangible fixed assets +€11,660
up €11,660 (+20.5%), from €56,881 to €68,541
of which Land and buildings: +€19,570
- Profit (loss) carried forward +€172,165
up €172,165 (+34.2%), from €503,542 to €675,708
- Other debts +€34,045
up €34,045 (+13.2%), from €257,946 to €291,991
- Tax, wage and social debts +€32,551
up €32,551 (+1077.1%), from €3,022 to €35,573
of which Taxes: +€35,573
- Current portion of long-term debt -€26,564
down €26,564 (-58.9%), from €45,070 to €18,507
- Trade debts +€25,464
up €25,464 (+590.7%), from €4,311 to €29,774
- Financial income +€175,028
up €175,028 (+5605.2%), from €3,123 to €178,151
of which Non-recurring financial income: +€177,863
- Gross operating margin +€21,798
up €21,798, from -€4,882 to €16,917
- Depreciation -€10,089
down €10,089 (-34.8%), from €29,031 to €18,943
- Other operating charges +€1,648
up €1,648 (+517.7%), from €318 to €1,966
- Financial charges -€1,216
down €1,216 (-41.0%), from €2,963 to €1,747
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 | €852,595 | €1,072,978 | +€220,383 | +25.8% |
| Fixed assets | 21/28 | €698,251 | €226,978 | -€471,273 | -67.5% |
| Tangible fixed assets | 22/27 | €56,881 | €68,541 | +€11,660 | +20.5% |
| Land and buildings | 22 | - | €19,570 | +€19,570 | |
| Plant, machinery and equipment | 23 | - | €9,944 | +€9,944 | |
| Furniture and vehicles | 24 | €56,881 | €39,027 | -€17,854 | -31.4% |
| Financial fixed assets | 28 | €641,370 | €158,438 | -€482,932 | -75.3% |
| Current assets | 29/58 | €154,344 | €846,000 | +€691,656 | +448.1% |
| Amounts receivable within one year | 40/41 | €61,427 | €399,921 | +€338,494 | +551.1% |
| Trade receivables | 40 | €15,028 | €120,073 | +€105,044 | +699.0% |
| Other amounts receivable | 41 | €46,398 | €279,848 | +€233,450 | +503.1% |
| Cash at bank and in hand | 54/58 | €90,244 | €445,255 | +€355,011 | +393.4% |
| Deferred charges and accrued income | 490/1 | €2,673 | €824 | -€1,849 | -69.2% |
| Total equity and liabilities | 10/49 | €852,595 | €1,072,978 | +€220,383 | +25.8% |
| Equity | 10/15 | €522,142 | €694,308 | +€172,165 | +33.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | €503,542 | €675,708 | +€172,165 | +34.2% |
| Amounts payable | 17/49 | €330,453 | €378,670 | +€48,218 | +14.6% |
| Amounts payable after more than one year | 17 | €20,082 | €1,576 | -€18,507 | -92.2% |
| Financial debts | 170/4 | €20,082 | €1,576 | -€18,507 | -92.2% |
| Amounts payable within one year | 42/48 | €310,349 | €375,844 | +€65,495 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €45,070 | €18,507 | -€26,564 | -58.9% |
| Trade debts | 44 | €4,311 | €29,774 | +€25,464 | +590.7% |
| Suppliers | 440/4 | €4,311 | €29,774 | +€25,464 | +590.7% |
| Taxes, remuneration and social security | 45 | €3,022 | €35,573 | +€32,551 | +1077.1% |
| Taxes | 450/3 | - | €35,573 | +€35,573 | |
| Remuneration and social security | 454/9 | €3,022 | - | -€3,022 | |
| Other amounts payable | 47/48 | €257,946 | €291,991 | +€34,045 | +13.2% |
| Accrued charges and deferred income | 492/3 | €21 | €1,250 | +€1,229 | +5762.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,031 | €18,943 | -€10,089 | -34.8% |
| Other operating charges | 640/8 | €318 | €1,966 | +€1,648 | +517.7% |
| Gross operating margin | 9900 | -€4,882 | €16,917 | +€21,798 | |
| Operating profit (loss) | 9901 | -€34,231 | -€3,992 | +€30,239 | +88.3% |
| Financial income | 75/76B | €3,123 | €178,151 | +€175,028 | +5605.2% |
| Recurring financial income | 75 | €3,123 | €288 | -€2,835 | -90.8% |
| Non-recurring financial income | 76B | - | €177,863 | +€177,863 | |
| Financial charges | 65/66B | €2,963 | €1,747 | -€1,216 | -41.0% |
| Recurring financial charges | 65 | €2,963 | €1,747 | -€1,216 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | -€34,071 | €172,412 | +€206,483 | |
| Income taxes | 67/77 | €275 | €246 | -€29 | -10.5% |
| Profit (loss) for the period | 9904 | -€34,346 | €172,165 | +€206,512 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,346 | €172,165 | +€206,512 |
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.