D-SKY: 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.
D-SKY
Largest movements
- Cash +€31,355
up €31,355 (+33.3%), from €94,201 to €125,556
mainly Net result for the year (+€59,241) and Depreciation (+€14,169)
- Tangible fixed assets -€14,169
down €14,169 (-18.2%), from €77,803 to €63,634
of which Furniture and vehicles: -€7,701
- Receivables within one year +€5,315
up €5,315 (+46.3%), from €11,484 to €16,800
of which Trade receivables: +€4,002
- Stocks and contracts +€3,221
new in 2025: €3,221
- Profit (loss) carried forward +€32,476
up €32,476 (+53.0%), from €61,244 to €93,720
- Reserves +€15,000
up €15,000 (+21.9%), from €68,500 to €83,500
- Tax, wage and social debts -€14,698
down €14,698 (-64.6%), from €22,741 to €8,043
of which Taxes: -€10,198
- Other debts -€7,694
down €7,694 (-32.9%), from €23,365 to €15,671
- Taxes +€4,224
up €4,224 (+20.2%), from €20,962 to €25,187
- Gross operating margin -€2,787
down €2,787 (-2.7%), from €102,427 to €99,640
- Depreciation -€1,529
down €1,529 (-9.7%), from €15,698 to €14,169
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 | €185,564 | €210,535 | +€24,971 | +13.5% |
| Fixed assets | 21/28 | €77,803 | €63,634 | -€14,169 | -18.2% |
| Tangible fixed assets | 22/27 | €77,803 | €63,634 | -€14,169 | -18.2% |
| Plant, machinery and equipment | 23 | €66,013 | €59,544 | -€6,468 | -9.8% |
| Furniture and vehicles | 24 | €11,790 | €4,090 | -€7,701 | -65.3% |
| Current assets | 29/58 | €107,761 | €146,901 | +€39,140 | +36.3% |
| Stocks and contracts in progress | 3 | - | €3,221 | +€3,221 | |
| Stocks | 30/36 | - | €3,221 | +€3,221 | |
| Amounts receivable within one year | 40/41 | €11,484 | €16,800 | +€5,315 | +46.3% |
| Trade receivables | 40 | €10,984 | €14,986 | +€4,002 | +36.4% |
| Other amounts receivable | 41 | €500 | €1,813 | +€1,313 | +262.7% |
| Cash at bank and in hand | 54/58 | €94,201 | €125,556 | +€31,355 | +33.3% |
| Deferred charges and accrued income | 490/1 | €2,075 | €1,324 | -€751 | -36.2% |
| Total equity and liabilities | 10/49 | €185,564 | €210,535 | +€24,971 | +13.5% |
| Equity | 10/15 | €137,244 | €184,720 | +€47,476 | +34.6% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €68,500 | €83,500 | +€15,000 | +21.9% |
| Distributable reserves | 133 | €68,500 | €83,500 | +€15,000 | +21.9% |
| Profit (loss) carried forward | 14 | €61,244 | €93,720 | +€32,476 | +53.0% |
| Amounts payable | 17/49 | €48,320 | €25,814 | -€22,505 | -46.6% |
| Amounts payable within one year | 42/48 | €48,082 | €25,682 | -€22,400 | -46.6% |
| Trade debts | 44 | €1,976 | €1,968 | -€8 | -0.4% |
| Suppliers | 440/4 | €1,976 | €1,968 | -€8 | -0.4% |
| Taxes, remuneration and social security | 45 | €22,741 | €8,043 | -€14,698 | -64.6% |
| Taxes | 450/3 | €18,241 | €8,043 | -€10,198 | -55.9% |
| Remuneration and social security | 454/9 | €4,500 | - | -€4,500 | |
| Other amounts payable | 47/48 | €23,365 | €15,671 | -€7,694 | -32.9% |
| Accrued charges and deferred income | 492/3 | €238 | €133 | -€105 | -44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,698 | €14,169 | -€1,529 | -9.7% |
| Other operating charges | 640/8 | €875 | €969 | +€94 | +10.8% |
| Gross operating margin | 9900 | €102,427 | €99,640 | -€2,787 | -2.7% |
| Operating profit (loss) | 9901 | €85,854 | €84,502 | -€1,352 | -1.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €147 | €75 | -€72 | -49.1% |
| Recurring financial charges | 65 | €147 | €75 | -€72 | -49.1% |
| Profit (loss) for the period before taxes | 9903 | €85,707 | €84,427 | -€1,280 | -1.5% |
| Income taxes | 67/77 | €20,962 | €25,187 | +€4,224 | +20.2% |
| Profit (loss) for the period | 9904 | €64,745 | €59,241 | -€5,504 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €64,745 | €59,241 | -€5,504 | -8.5% |
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 28 September 2026 via checked.be.