GROUP SKY: 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.
GROUP SKY
Largest movements
- Receivables within one year -€201,242
down €201,242 (-34.2%), from €587,632 to €386,389
of which Trade receivables: -€248,854
- Tangible fixed assets -€78,465
down €78,465 (-5.9%), from €1.3m to €1.2m
of which Land and buildings: -€40,225
- Receivables after one year +€65,000
up €65,000 (+65.0%), from €100,000 to €165,000
- Other debts -€265,253
down €265,253 (-49.5%), from €535,813 to €270,561
- Reserves +€227,449
up €227,449 (+45.0%), from €505,286 to €732,735
- Current portion of long-term debt -€132,394
down €132,394 (-57.2%), from €231,280 to €98,886
- Debts after one year -€98,886
down €98,886 (-13.9%), from €712,938 to €614,052
- Tax, wage and social debts +€65,851
up €65,851 (+204%), from €32,313 to €98,164
- Gross operating margin +€92,027
up €92,027 (+29.7%), from €309,742 to €401,769
- Taxes +€54,343
up €54,343 (+104%), from €52,025 to €106,368
- Depreciation -€5,281
down €5,281 (-11.7%), from €45,070 to €39,790
- Financial charges -€4,987
down €4,987 (-18.5%), from €26,915 to €21,928
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 | €2,344,398 | €2,132,284 | -€212,115 | -9.0% |
| Fixed assets | 21/28 | €1,646,218 | €1,575,254 | -€70,965 | -4.3% |
| Tangible fixed assets | 22/27 | €1,326,218 | €1,247,754 | -€78,465 | -5.9% |
| Land and buildings | 22 | €1,285,879 | €1,245,654 | -€40,225 | -3.1% |
| Furniture and vehicles | 24 | €40,339 | €2,100 | -€38,239 | -94.8% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €320,000 | €327,500 | +€7,500 | +2.3% |
| Current assets | 29/58 | €698,180 | €557,030 | -€141,150 | -20.2% |
| Amounts receivable after more than one year | 29 | €100,000 | €165,000 | +€65,000 | +65.0% |
| Other amounts receivable | 291 | €100,000 | €165,000 | +€65,000 | +65.0% |
| Amounts receivable within one year | 40/41 | €587,632 | €386,389 | -€201,242 | -34.2% |
| Trade receivables | 40 | €251,626 | €2,772 | -€248,854 | -98.9% |
| Other amounts receivable | 41 | €336,006 | €383,617 | +€47,611 | +14.2% |
| Cash at bank and in hand | 54/58 | €10,549 | €4,785 | -€5,764 | -54.6% |
| Deferred charges and accrued income | 490/1 | - | €856 | +€856 | |
| Total equity and liabilities | 10/49 | €2,344,398 | €2,132,284 | -€212,115 | -9.0% |
| Equity | 10/15 | €805,286 | €1,032,735 | +€227,449 | +28.2% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €505,286 | €732,735 | +€227,449 | +45.0% |
| Distributable reserves | 133 | €505,286 | €732,735 | +€227,449 | +45.0% |
| Amounts payable | 17/49 | €1,539,112 | €1,099,549 | -€439,563 | -28.6% |
| Amounts payable after more than one year | 17 | €712,938 | €614,052 | -€98,886 | -13.9% |
| Financial debts | 170/4 | €712,938 | €614,052 | -€98,886 | -13.9% |
| Amounts payable within one year | 42/48 | €825,098 | €480,413 | -€344,685 | -41.8% |
| Current portion of amounts payable after more than one year | 42 | €231,280 | €98,886 | -€132,394 | -57.2% |
| Trade debts | 44 | €25,692 | €12,803 | -€12,889 | -50.2% |
| Suppliers | 440/4 | €25,692 | €12,803 | -€12,889 | -50.2% |
| Taxes, remuneration and social security | 45 | €32,313 | €98,164 | +€65,851 | +204% |
| Taxes | 450/3 | €32,313 | €98,164 | +€65,851 | +204% |
| Other amounts payable | 47/48 | €535,813 | €270,561 | -€265,253 | -49.5% |
| Accrued charges and deferred income | 492/3 | €1,077 | €5,084 | +€4,008 | +372% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,070 | €39,790 | -€5,281 | -11.7% |
| Other operating charges | 640/8 | €6,442 | €8,886 | +€2,444 | +37.9% |
| Gross operating margin | 9900 | €309,742 | €401,769 | +€92,027 | +29.7% |
| Operating profit (loss) | 9901 | €258,230 | €353,094 | +€94,864 | +36.7% |
| Financial income | 75/76B | €2,000 | €2,650 | +€650 | +32.5% |
| Recurring financial income | 75 | €2,000 | €2,650 | +€650 | +32.5% |
| Financial charges | 65/66B | €26,915 | €21,928 | -€4,987 | -18.5% |
| Recurring financial charges | 65 | €26,915 | €21,928 | -€4,987 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €233,316 | €333,817 | +€100,501 | +43.1% |
| Income taxes | 67/77 | €52,025 | €106,368 | +€54,343 | +104% |
| Profit (loss) for the period | 9904 | €181,291 | €227,449 | +€46,158 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €181,291 | €227,449 | +€46,158 | +25.5% |
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 13 October 2026 via checked.be.