SKY EUROPE: 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.
SKY EUROPE
Largest movements
- Stocks and contracts +€17,832
up €17,832 (+16.0%), from €111,750 to €129,582
- Receivables within one year +€11,473
up €11,473 (+8.2%), from €140,519 to €151,993
of which Trade receivables: +€36,656
- Other debts +€81,196
up €81,196 (+79.7%), from €101,875 to €183,071
- Tax, wage and social debts -€42,933
down €42,933 (-67.2%), from €63,914 to €20,981
- Advances received +€24,200
new in 2025: €24,200
- Short-term financial debts -€16,562
down €16,562 (-32.2%), from €51,407 to €34,845
- Reserves -€14,552
down €14,552 (-2.2%), from €654,444 to €639,892
of which Tax-exempt reserves: -€24,719
- Gross operating margin -€81,015
down €81,015, from €75,189 to -€5,826
- Write-downs -€18,372
new in 2025: -€18,372
- Taxes -€2,095
down €2,095 (-28.6%), from €7,327 to €5,232
- Other operating charges -€2,054
down €2,054 (-32.5%), from €6,323 to €4,269
- Financial income +€1,398
up €1,398 (+196,942%), from €1 to €1,399
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €905,533 | €936,981 | +€31,448 | +3.5% |
| Fixed assets | 21/28 | €339,264 | €341,406 | +€2,142 | +0.6% |
| Tangible fixed assets | 22/27 | €336,014 | €338,156 | +€2,142 | +0.6% |
| Land and buildings | 22 | €333,400 | €333,445 | +€45 | 0.0% |
| Plant, machinery and equipment | 23 | - | €2,097 | +€2,097 | |
| Other tangible fixed assets | 26 | €2,614 | €2,614 | = | 0.0% |
| Financial fixed assets | 28 | €3,250 | €3,250 | = | 0.0% |
| Current assets | 29/58 | €566,269 | €595,575 | +€29,306 | +5.2% |
| Amounts receivable after more than one year | 29 | €314,000 | €314,000 | = | 0.0% |
| Other amounts receivable | 291 | €314,000 | €314,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €111,750 | €129,582 | +€17,832 | +16.0% |
| Stocks | 30/36 | €111,750 | €129,582 | +€17,832 | +16.0% |
| Amounts receivable within one year | 40/41 | €140,519 | €151,993 | +€11,473 | +8.2% |
| Trade receivables | 40 | €49,432 | €86,088 | +€36,656 | +74.2% |
| Other amounts receivable | 41 | €91,087 | €65,905 | -€25,182 | -27.6% |
| Total equity and liabilities | 10/49 | €905,533 | €936,981 | +€31,448 | +3.5% |
| Equity | 10/15 | €673,036 | €658,484 | -€14,552 | -2.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €654,444 | €639,892 | -€14,552 | -2.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,719 | - | -€24,719 | |
| Distributable reserves | 133 | €627,865 | €638,032 | +€10,167 | +1.6% |
| Amounts payable | 17/49 | €232,498 | €278,497 | +€46,000 | +19.8% |
| Amounts payable within one year | 42/48 | €232,498 | €278,497 | +€46,000 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €8,000 | - | -€8,000 | |
| Financial debts | 43 | €51,407 | €34,845 | -€16,562 | -32.2% |
| Credit institutions | 430/8 | €51,407 | €34,845 | -€16,562 | -32.2% |
| Trade debts | 44 | €7,301 | €15,400 | +€8,099 | +111% |
| Suppliers | 440/4 | €7,301 | €15,400 | +€8,099 | +111% |
| Advances received on contracts in progress | 46 | - | €24,200 | +€24,200 | |
| Taxes, remuneration and social security | 45 | €63,914 | €20,981 | -€42,933 | -67.2% |
| Taxes | 450/3 | €63,914 | €20,981 | -€42,933 | -67.2% |
| Other amounts payable | 47/48 | €101,875 | €183,071 | +€81,196 | +79.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,670 | €12,577 | +€907 | +7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€18,372 | -€18,372 | |
| Other operating charges | 640/8 | €6,323 | €4,269 | -€2,054 | -32.5% |
| Gross operating margin | 9900 | €75,189 | -€5,826 | -€81,015 | |
| Operating profit (loss) | 9901 | €57,195 | -€4,301 | -€61,496 | |
| Financial income | 75/76B | €1 | €1,399 | +€1,398 | +196,942% |
| Recurring financial income | 75 | €1 | €1,399 | +€1,398 | +196,942% |
| Financial charges | 65/66B | €6,997 | €6,419 | -€578 | -8.3% |
| Recurring financial charges | 65 | €6,997 | €6,419 | -€578 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €50,199 | -€9,320 | -€59,519 | |
| Transfer from deferred taxes | 780 | €3,926 | - | -€3,926 | |
| Income taxes | 67/77 | €7,327 | €5,232 | -€2,095 | -28.6% |
| Profit (loss) for the period | 9904 | €46,798 | -€14,552 | -€61,350 | |
| Transfer from tax-exempt reserves | 789 | €13,805 | €24,719 | +€10,915 | +79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,603 | €10,167 | -€50,436 | -83.2% |
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 30 October 2026 via checked.be.