Clear Skies: 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.
Clear Skies
Largest movements
- Cash +€51,429
up €51,429 (+20.4%), from €252,266 to €303,694
mainly Net result for the year (+€55,127) and Other debts (+€30,000)
- Receivables within one year +€20,254
up €20,254 (+14.5%), from €139,307 to €159,561
of which Other amounts receivable: +€21,724
- Receivables after one year -€12,000
down €12,000 (-100%), from €12,000 to €0
- Deferred charges and accrued income -€11,269
down €11,269 (-56.3%), from €20,032 to €8,763
- Other debts +€30,000
new in 2025: €30,000
- Reserves +€25,127
up €25,127 (+6.6%), from €380,299 to €405,425
- Tax, wage and social debts -€9,175
down €9,175 (-27.4%), from €33,465 to €24,290
- Gross operating margin -€26,274
down €26,274 (-29.8%), from €88,112 to €61,839
- Taxes -€20,325
down €20,325 (-65.3%), from €31,116 to €10,791
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 | €427,292 | €475,312 | +€48,020 | +11.2% |
| Fixed assets | 21/28 | €884 | €490 | -€394 | -44.6% |
| Tangible fixed assets | 22/27 | €884 | €490 | -€394 | -44.6% |
| Plant, machinery and equipment | 23 | €884 | €490 | -€394 | -44.6% |
| Current assets | 29/58 | €426,408 | €474,822 | +€48,414 | +11.4% |
| Amounts receivable after more than one year | 29 | €12,000 | €0 | -€12,000 | -100% |
| Other amounts receivable | 291 | €12,000 | €0 | -€12,000 | -100% |
| Amounts receivable within one year | 40/41 | €139,307 | €159,561 | +€20,254 | +14.5% |
| Trade receivables | 40 | €1,470 | €0 | -€1,470 | -100% |
| Other amounts receivable | 41 | €137,837 | €159,561 | +€21,724 | +15.8% |
| Current investments | 50/53 | €2,803 | €2,803 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €252,266 | €303,694 | +€51,429 | +20.4% |
| Deferred charges and accrued income | 490/1 | €20,032 | €8,763 | -€11,269 | -56.3% |
| Total equity and liabilities | 10/49 | €427,292 | €475,312 | +€48,020 | +11.2% |
| Equity | 10/15 | €393,444 | €418,571 | +€25,127 | +6.4% |
| Contributions | 10/11 | €13,145 | €13,145 | = | 0.0% |
| Reserves | 13 | €380,299 | €405,425 | +€25,127 | +6.6% |
| Distributable reserves | 133 | €380,299 | €405,425 | +€25,127 | +6.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €33,848 | €56,741 | +€22,893 | +67.6% |
| Amounts payable within one year | 42/48 | €33,848 | €56,741 | +€22,893 | +67.6% |
| Financial debts | 43 | €35 | €102 | +€67 | +195% |
| Credit institutions | 430/8 | €35 | €102 | +€67 | +195% |
| Trade debts | 44 | €349 | €2,349 | +€2,000 | +573% |
| Suppliers | 440/4 | €349 | €2,349 | +€2,000 | +573% |
| Taxes, remuneration and social security | 45 | €33,465 | €24,290 | -€9,175 | -27.4% |
| Taxes | 450/3 | €33,465 | €24,290 | -€9,175 | -27.4% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €476 | €394 | -€82 | -17.3% |
| Other operating charges | 640/8 | €650 | €1,339 | +€690 | +106% |
| Gross operating margin | 9900 | €88,112 | €61,839 | -€26,274 | -29.8% |
| Operating profit (loss) | 9901 | €86,986 | €60,105 | -€26,881 | -30.9% |
| Financial income | 75/76B | €6,015 | €6,350 | +€335 | +5.6% |
| Recurring financial income | 75 | €6,015 | €6,350 | +€335 | +5.6% |
| Financial charges | 65/66B | €824 | €538 | -€286 | -34.7% |
| Recurring financial charges | 65 | €824 | €538 | -€286 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €92,177 | €65,917 | -€26,260 | -28.5% |
| Income taxes | 67/77 | €31,116 | €10,791 | -€20,325 | -65.3% |
| Profit (loss) for the period | 9904 | €61,061 | €55,127 | -€5,935 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,061 | €55,127 | -€5,935 | -9.7% |
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 1 November 2026 via checked.be.