SKAYTRAX: 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.
SKAYTRAX
Largest movements
- Cash +€18,870
up €18,870 (+56.5%), from €33,370 to €52,241
mainly Net result for the year (+€16,570) and Depreciation (+€15,616)
- Tangible fixed assets -€15,616
down €15,616 (-25.7%), from €60,880 to €45,264
of which Furniture and vehicles: -€14,133
- Deferred charges and accrued income +€7,575
up €7,575 (+1502.2%), from €504 to €8,079
- Receivables within one year -€5,297
down €5,297 (-16.5%), from €32,163 to €26,866
of which Trade receivables: -€7,947
- Profit (loss) carried forward +€16,570
up €16,570 (+41.9%), from €39,533 to €56,103
- Tax, wage and social debts -€8,412
down €8,412 (-24.4%), from €34,532 to €26,120
of which Taxes: -€6,470
- Trade debts +€3,362
up €3,362 (+129.1%), from €2,605 to €5,966
- Debts after one year -€3,193
down €3,193 (-11.2%), from €28,498 to €25,305
- Other debts -€2,795
down €2,795 (-62.8%), from €4,449 to €1,654
- Gross operating margin -€10,483
down €10,483 (-15.3%), from €68,433 to €57,951
- Depreciation +€9,762
up €9,762 (+166.7%), from €5,855 to €15,616
- Taxes -€8,666
down €8,666 (-65.4%), from €13,261 to €4,595
- Staff costs +€7,500
up €7,500 (+214.4%), from €3,499 to €10,999
- Financial charges +€2,997
up €2,997 (+1652.4%), from €181 to €3,178
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 | €128,818 | €134,350 | +€5,532 | +4.3% |
| Fixed assets | 21/28 | €62,780 | €47,164 | -€15,616 | -24.9% |
| Tangible fixed assets | 22/27 | €60,880 | €45,264 | -€15,616 | -25.7% |
| Plant, machinery and equipment | 23 | €6,257 | €4,774 | -€1,483 | -23.7% |
| Furniture and vehicles | 24 | €54,623 | €40,490 | -€14,133 | -25.9% |
| Financial fixed assets | 28 | €1,900 | €1,900 | = | 0.0% |
| Current assets | 29/58 | €66,037 | €87,186 | +€21,148 | +32.0% |
| Amounts receivable within one year | 40/41 | €32,163 | €26,866 | -€5,297 | -16.5% |
| Trade receivables | 40 | €31,669 | €23,722 | -€7,947 | -25.1% |
| Other amounts receivable | 41 | €494 | €3,144 | +€2,650 | +536.9% |
| Cash at bank and in hand | 54/58 | €33,370 | €52,241 | +€18,870 | +56.5% |
| Deferred charges and accrued income | 490/1 | €504 | €8,079 | +€7,575 | +1502.2% |
| Total equity and liabilities | 10/49 | €128,818 | €134,350 | +€5,532 | +4.3% |
| Equity | 10/15 | €49,533 | €66,103 | +€16,570 | +33.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,533 | €56,103 | +€16,570 | +41.9% |
| Amounts payable | 17/49 | €79,285 | €68,247 | -€11,038 | -13.9% |
| Amounts payable after more than one year | 17 | €28,498 | €25,305 | -€3,193 | -11.2% |
| Financial debts | 170/4 | €28,498 | €25,305 | -€3,193 | -11.2% |
| Amounts payable within one year | 42/48 | €50,787 | €42,942 | -€7,845 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €9,202 | €9,202 | = | 0.0% |
| Trade debts | 44 | €2,605 | €5,966 | +€3,362 | +129.1% |
| Suppliers | 440/4 | €2,605 | €5,966 | +€3,362 | +129.1% |
| Taxes, remuneration and social security | 45 | €34,532 | €26,120 | -€8,412 | -24.4% |
| Taxes | 450/3 | €30,072 | €23,602 | -€6,470 | -21.5% |
| Remuneration and social security | 454/9 | €4,460 | €2,518 | -€1,942 | -43.5% |
| Other amounts payable | 47/48 | €4,449 | €1,654 | -€2,795 | -62.8% |
| Remuneration, social security and pensions | 62 | €3,499 | €10,999 | +€7,500 | +214.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,855 | €15,616 | +€9,762 | +166.7% |
| Other operating charges | 640/8 | €6,195 | €7,334 | +€1,139 | +18.4% |
| Gross operating margin | 9900 | €68,433 | €57,951 | -€10,483 | -15.3% |
| Operating profit (loss) | 9901 | €52,885 | €24,001 | -€28,884 | -54.6% |
| Financial income | 75/76B | €90 | €342 | +€252 | +279.5% |
| Recurring financial income | 75 | €90 | €342 | +€252 | +279.5% |
| Financial charges | 65/66B | €181 | €3,178 | +€2,997 | +1652.4% |
| Recurring financial charges | 65 | €181 | €3,178 | +€2,997 | +1652.4% |
| Profit (loss) for the period before taxes | 9903 | €52,794 | €21,164 | -€31,629 | -59.9% |
| Income taxes | 67/77 | €13,261 | €4,595 | -€8,666 | -65.4% |
| Profit (loss) for the period | 9904 | €39,533 | €16,570 | -€22,963 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,533 | €16,570 | -€22,963 | -58.1% |
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 6 October 2026 via checked.be.