THE SKULL: 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.
THE SKULL
Largest movements
- Tangible fixed assets +€18,716
up €18,716 (+3,208%), from €583 to €19,299
of which Furniture and vehicles: +€18,716
- Cash +€14,129
up €14,129 (+474%), from €2,978 to €17,107
mainly Other debts (+€25,000) and Trade debts (+€9,754)
- Stocks and contracts -€2,996
down €2,996 (-3.5%), from €85,226 to €82,230
- Other debts +€25,000
up €25,000 (+625%), from €4,000 to €29,000
- Trade debts +€9,754
up €9,754 (+16.1%), from €60,544 to €70,298
- Profit (loss) carried forward -€2,433
down €2,433 (-5.4%), from -€45,186 to -€47,619
- Tax, wage and social debts -€1,490
down €1,490 (-16.8%), from €8,860 to €7,370
of which Remuneration and social security: -€2,911
- Gross operating margin +€11,159
up €11,159 (+36.3%), from €30,760 to €41,919
- Depreciation +€3,621
up €3,621 (+1,016%), from €357 to €3,977
- Staff costs +€1,208
up €1,208 (+3.3%), from €36,275 to €37,483
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 | €90,449 | €121,022 | +€30,573 | +33.8% |
| Fixed assets | 21/28 | €916 | €19,632 | +€18,716 | +2,043% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €583 | €19,299 | +€18,716 | +3,208% |
| Furniture and vehicles | 24 | €583 | €19,299 | +€18,716 | +3,208% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €333 | €333 | = | 0.0% |
| Current assets | 29/58 | €89,533 | €101,390 | +€11,857 | +13.2% |
| Stocks and contracts in progress | 3 | €85,226 | €82,230 | -€2,996 | -3.5% |
| Stocks | 30/36 | €85,226 | €82,230 | -€2,996 | -3.5% |
| Amounts receivable within one year | 40/41 | €1,081 | €804 | -€277 | -25.7% |
| Trade receivables | 40 | €852 | €34 | -€818 | -96.0% |
| Other amounts receivable | 41 | €229 | €770 | +€541 | +237% |
| Cash at bank and in hand | 54/58 | €2,978 | €17,107 | +€14,129 | +474% |
| Deferred charges and accrued income | 490/1 | €248 | €1,249 | +€1,002 | +404% |
| Total equity and liabilities | 10/49 | €90,449 | €121,022 | +€30,573 | +33.8% |
| Equity | 10/15 | €16,787 | €14,354 | -€2,433 | -14.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,186 | -€47,619 | -€2,433 | -5.4% |
| Amounts payable | 17/49 | €73,662 | €106,668 | +€33,007 | +44.8% |
| Amounts payable within one year | 42/48 | €73,404 | €106,668 | +€33,264 | +45.3% |
| Trade debts | 44 | €60,544 | €70,298 | +€9,754 | +16.1% |
| Suppliers | 440/4 | €60,544 | €70,298 | +€9,754 | +16.1% |
| Taxes, remuneration and social security | 45 | €8,860 | €7,370 | -€1,490 | -16.8% |
| Taxes | 450/3 | €1,820 | €3,241 | +€1,421 | +78.1% |
| Remuneration and social security | 454/9 | €7,040 | €4,129 | -€2,911 | -41.4% |
| Other amounts payable | 47/48 | €4,000 | €29,000 | +€25,000 | +625% |
| Accrued charges and deferred income | 492/3 | €258 | €0 | -€258 | -100% |
| Remuneration, social security and pensions | 62 | €36,275 | €37,483 | +€1,208 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €357 | €3,977 | +€3,621 | +1,016% |
| Other operating charges | 640/8 | €551 | €555 | +€4 | +0.7% |
| Gross operating margin | 9900 | €30,760 | €41,919 | +€11,159 | +36.3% |
| Operating profit (loss) | 9901 | -€6,422 | -€97 | +€6,326 | +98.5% |
| Financial income | 75/76B | €19 | - | -€19 | |
| Recurring financial income | 75 | €19 | - | -€19 | |
| Financial charges | 65/66B | €2,645 | €2,337 | -€308 | -11.7% |
| Recurring financial charges | 65 | €2,645 | €2,337 | -€308 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,048 | -€2,433 | +€6,615 | +73.1% |
| Profit (loss) for the period | 9904 | -€9,048 | -€2,433 | +€6,615 | +73.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,048 | -€2,433 | +€6,615 | +73.1% |
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 17 October 2026 via checked.be.