SKZ: 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.
SKZ
Largest movements
- Tangible fixed assets -€17,367
down €17,367 (-7.8%), from €221,387 to €204,020
of which Plant, machinery and equipment: -€9,568
- Cash -€7,789
down €7,789 (-5.6%), from €138,286 to €130,497
mainly Other debts (-€68,558) and Investment in fixed assets (net) (-€18,044)
- Other debts -€68,558
down €68,558 (-23.5%), from €291,670 to €223,113
- Tax, wage and social debts +€47,757
up €47,757 (+62.6%), from €76,337 to €124,094
of which Remuneration and social security: +€37,837
- Gross operating margin +€285,720
up €285,720 (+252.9%), from €112,980 to €398,700
- Staff costs +€170,146
up €170,146 (+98.7%), from €172,465 to €342,611
- Depreciation +€7,701
up €7,701 (+27.8%), from €27,710 to €35,411
- Financial charges +€7,273
up €7,273 (+112.4%), from €6,472 to €13,745
- Other operating charges +€5,493
up €5,493 (+202.0%), from €2,719 to €8,212
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 | €392,883 | €374,307 | -€18,576 | -4.7% |
| Fixed assets | 21/28 | €224,072 | €206,705 | -€17,367 | -7.8% |
| Tangible fixed assets | 22/27 | €221,387 | €204,020 | -€17,367 | -7.8% |
| Land and buildings | 22 | €71,469 | €66,471 | -€4,998 | -7.0% |
| Plant, machinery and equipment | 23 | €137,414 | €127,846 | -€9,568 | -7.0% |
| Furniture and vehicles | 24 | €11,324 | €8,524 | -€2,800 | -24.7% |
| Other tangible fixed assets | 26 | €1,179 | €1,179 | = | 0.0% |
| Financial fixed assets | 28 | €2,685 | €2,685 | = | 0.0% |
| Current assets | 29/58 | €168,812 | €167,602 | -€1,209 | -0.7% |
| Stocks and contracts in progress | 3 | €23,646 | €26,455 | +€2,810 | +11.9% |
| Stocks | 30/36 | €23,646 | €26,455 | +€2,810 | +11.9% |
| Amounts receivable within one year | 40/41 | €6,824 | €10,643 | +€3,820 | +56.0% |
| Trade receivables | 40 | €6,442 | €2,550 | -€3,893 | -60.4% |
| Other amounts receivable | 41 | €381 | €8,094 | +€7,713 | +2023.7% |
| Cash at bank and in hand | 54/58 | €138,286 | €130,497 | -€7,789 | -5.6% |
| Deferred charges and accrued income | 490/1 | €56 | €7 | -€50 | -88.3% |
| Total equity and liabilities | 10/49 | €392,883 | €374,307 | -€18,576 | -4.7% |
| Equity | 10/15 | -€36,378 | -€37,557 | -€1,179 | -3.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,378 | -€97,557 | -€1,179 | -1.2% |
| Amounts payable | 17/49 | €429,261 | €411,865 | -€17,397 | -4.1% |
| Amounts payable within one year | 42/48 | €429,261 | €411,865 | -€17,397 | -4.1% |
| Trade debts | 44 | €61,254 | €64,657 | +€3,403 | +5.6% |
| Suppliers | 440/4 | €61,254 | €64,657 | +€3,403 | +5.6% |
| Taxes, remuneration and social security | 45 | €76,337 | €124,094 | +€47,757 | +62.6% |
| Taxes | 450/3 | €32,685 | €42,605 | +€9,921 | +30.4% |
| Remuneration and social security | 454/9 | €43,652 | €81,489 | +€37,837 | +86.7% |
| Other amounts payable | 47/48 | €291,670 | €223,113 | -€68,558 | -23.5% |
| Remuneration, social security and pensions | 62 | €172,465 | €342,611 | +€170,146 | +98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,710 | €35,411 | +€7,701 | +27.8% |
| Other operating charges | 640/8 | €2,719 | €8,212 | +€5,493 | +202.0% |
| Gross operating margin | 9900 | €112,980 | €398,700 | +€285,720 | +252.9% |
| Operating profit (loss) | 9901 | -€89,913 | €12,466 | +€102,379 | |
| Financial income | 75/76B | €8 | €141 | +€133 | +1775.2% |
| Recurring financial income | 75 | €8 | €141 | +€133 | +1775.2% |
| Financial charges | 65/66B | €6,472 | €13,745 | +€7,273 | +112.4% |
| Recurring financial charges | 65 | €6,472 | €13,745 | +€7,273 | +112.4% |
| Profit (loss) for the period before taxes | 9903 | -€96,378 | -€1,139 | +€95,239 | +98.8% |
| Income taxes | 67/77 | - | €40 | +€40 | |
| Profit (loss) for the period | 9904 | -€96,378 | -€1,179 | +€95,199 | +98.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€96,378 | -€1,179 | +€95,199 | +98.8% |
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 4 October 2026 via checked.be.