BLUE SKY DEVELOPMENT: 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.
BLUE SKY DEVELOPMENT
Largest movements
- Stocks and contracts -€653,571
down €653,571 (-71.4%), from €915,487 to €261,916
- Debts after one year -€514,000
down €514,000 (-80.4%), from €639,000 to €125,000
- Other debts -€220,000
down €220,000 (-73.3%), from €300,000 to €80,000
- Profit (loss) carried forward +€56,874
up €56,874, from -€48,804 to €8,069
- Trade debts +€10,638
up €10,638 (+100.7%), from €10,562 to €21,201
- Gross operating margin +€86,190
up €86,190 (+327.4%), from €26,328 to €112,518
- Financial charges -€17,022
down €17,022 (-32.6%), from €52,162 to €35,141
- Taxes +€2,937
new in 2025: €2,937
- Other operating charges -€1,703
down €1,703 (-64.6%), from €2,635 to €931
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 | €950,758 | €287,208 | -€663,551 | -69.8% |
| Formation expenses | 20 | €4,904 | €3,269 | -€1,635 | -33.3% |
| Current assets | 29/58 | €945,854 | €283,938 | -€661,916 | -70.0% |
| Stocks and contracts in progress | 3 | €915,487 | €261,916 | -€653,571 | -71.4% |
| Stocks | 30/36 | €915,487 | €261,916 | -€653,571 | -71.4% |
| Amounts receivable within one year | 40/41 | €22,841 | €15,841 | -€7,000 | -30.6% |
| Trade receivables | 40 | €17,841 | €10,841 | -€7,000 | -39.2% |
| Other amounts receivable | 41 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,527 | €6,181 | -€1,345 | -17.9% |
| Total equity and liabilities | 10/49 | €950,758 | €287,208 | -€663,551 | -69.8% |
| Equity | 10/15 | €1,196 | €58,069 | +€56,874 | +4756.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,804 | €8,069 | +€56,874 | |
| Amounts payable | 17/49 | €949,562 | €229,138 | -€720,424 | -75.9% |
| Amounts payable after more than one year | 17 | €639,000 | €125,000 | -€514,000 | -80.4% |
| Financial debts | 170/4 | €639,000 | €125,000 | -€514,000 | -80.4% |
| Amounts payable within one year | 42/48 | €310,562 | €104,138 | -€206,424 | -66.5% |
| Trade debts | 44 | €10,562 | €21,201 | +€10,638 | +100.7% |
| Suppliers | 440/4 | €10,562 | €21,201 | +€10,638 | +100.7% |
| Taxes, remuneration and social security | 45 | - | €2,937 | +€2,937 | |
| Taxes | 450/3 | - | €2,937 | +€2,937 | |
| Other amounts payable | 47/48 | €300,000 | €80,000 | -€220,000 | -73.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,000 | €0 | -€2,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,635 | €1,635 | = | 0.0% |
| Other operating charges | 640/8 | €2,635 | €931 | -€1,703 | -64.6% |
| Non-recurring operating charges | 66A | - | €15,000 | +€15,000 | |
| Gross operating margin | 9900 | €26,328 | €112,518 | +€86,190 | +327.4% |
| Operating profit (loss) | 9901 | €22,058 | €94,952 | +€72,894 | +330.5% |
| Financial charges | 65/66B | €52,162 | €35,141 | -€17,022 | -32.6% |
| Recurring financial charges | 65 | €52,162 | €35,141 | -€17,022 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | -€30,104 | €59,811 | +€89,915 | |
| Income taxes | 67/77 | - | €2,937 | +€2,937 | |
| Profit (loss) for the period | 9904 | -€30,104 | €56,874 | +€86,978 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,104 | €56,874 | +€86,978 |
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 2 October 2026 via checked.be.