SK CONCEPT: 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.
SK CONCEPT
Largest movements
- Cash +€2,307
up €2,307 (+95.4%), from €2,418 to €4,725
mainly Net result for the year (+€31,108) and Tax, wage and social debts (+€8,569)
- Tangible fixed assets +€637
up €637 (+2.7%), from €23,641 to €24,278
of which Plant, machinery and equipment: +€3,264
- Other debts -€43,967
no longer reported in 2025 (was €43,967)
- Profit (loss) carried forward +€31,108
up €31,108, from -€9,966 to €21,142
- Tax, wage and social debts +€8,569
new in 2025: €8,569
- Trade debts +€4,949
up €4,949 (+131%), from €3,791 to €8,740
- Accrued charges and deferred income +€2,450
new in 2025: €2,450
- Gross operating margin +€49,488
up €49,488, from -€7,241 to €42,247
- Taxes +€7,066
new in 2025: €7,066
- Depreciation +€816
up €816 (+31.1%), from €2,627 to €3,443
- Other operating charges +€585
new in 2025: €585
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 | €38,792 | €41,901 | +€3,109 | +8.0% |
| Fixed assets | 21/28 | €30,991 | €31,628 | +€637 | +2.1% |
| Tangible fixed assets | 22/27 | €23,641 | €24,278 | +€637 | +2.7% |
| Plant, machinery and equipment | 23 | - | €3,264 | +€3,264 | |
| Other tangible fixed assets | 26 | €23,641 | €21,014 | -€2,627 | -11.1% |
| Financial fixed assets | 28 | €7,350 | €7,350 | = | 0.0% |
| Current assets | 29/58 | €7,801 | €10,273 | +€2,472 | +31.7% |
| Amounts receivable within one year | 40/41 | €5,383 | €5,548 | +€165 | +3.1% |
| Trade receivables | 40 | - | €723 | +€723 | |
| Other amounts receivable | 41 | €5,383 | €4,825 | -€558 | -10.4% |
| Cash at bank and in hand | 54/58 | €2,418 | €4,725 | +€2,307 | +95.4% |
| Total equity and liabilities | 10/49 | €38,792 | €41,901 | +€3,109 | +8.0% |
| Equity | 10/15 | -€8,966 | €22,142 | +€31,108 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,966 | €21,142 | +€31,108 | |
| Amounts payable | 17/49 | €47,758 | €19,759 | -€27,999 | -58.6% |
| Amounts payable within one year | 42/48 | €47,758 | €17,309 | -€30,449 | -63.8% |
| Trade debts | 44 | €3,791 | €8,740 | +€4,949 | +131% |
| Suppliers | 440/4 | €3,791 | €8,740 | +€4,949 | +131% |
| Taxes, remuneration and social security | 45 | - | €8,569 | +€8,569 | |
| Taxes | 450/3 | - | €8,569 | +€8,569 | |
| Other amounts payable | 47/48 | €43,967 | - | -€43,967 | |
| Accrued charges and deferred income | 492/3 | - | €2,450 | +€2,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,627 | €3,443 | +€816 | +31.1% |
| Other operating charges | 640/8 | - | €585 | +€585 | |
| Gross operating margin | 9900 | -€7,241 | €42,247 | +€49,488 | |
| Operating profit (loss) | 9901 | -€9,868 | €38,219 | +€48,087 | |
| Financial charges | 65/66B | €72 | €45 | -€27 | -37.5% |
| Recurring financial charges | 65 | €72 | €45 | -€27 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,940 | €38,174 | +€48,114 | |
| Income taxes | 67/77 | - | €7,066 | +€7,066 | |
| Profit (loss) for the period | 9904 | -€9,940 | €31,108 | +€41,048 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,940 | €31,108 | +€41,048 |
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 21 October 2026 via checked.be.