SKY EXPRESS: 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.
SKY EXPRESS
Largest movements
- Cash -€24,670
down €24,670 (-48.3%), from €51,048 to €26,378
mainly Tax, wage and social debts (-€25,295) and Net result for the year (-€9,177)
- Receivables within one year -€10,989
down €10,989 (-82.5%), from €13,319 to €2,331
- Stocks and contracts +€1,159
up €1,159 (+167.3%), from €693 to €1,852
- Tax, wage and social debts -€25,295
no longer reported in 2025 (was €25,295)
of which Remuneration and social security: -€21,816
- Profit (loss) carried forward -€9,177
down €9,177 (-34.0%), from €26,976 to €17,799
- Contributions +€5,000
up €5,000 (+100.0%), from €5,000 to €10,000
- Trade debts -€4,047
down €4,047 (-59.4%), from €6,808 to €2,761
- Other debts -€1,164
no longer reported in 2025 (was €1,164)
- Turnover -€134,767
down €134,767 (-95.1%), from €141,693 to €6,926
- Purchases and services -€101,682
down €101,682 (-91.2%), from €111,539 to €9,857
- Gross operating margin -€28,197
down €28,197 (-90.6%), from €31,106 to €2,909
- Staff costs -€22,431
down €22,431 (-70.1%), from €32,011 to €9,580
- Taxes +€1,633
new in 2025: €1,633
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 | €65,243 | €30,561 | -€34,682 | -53.2% |
| Current assets | 29/58 | €65,243 | €30,561 | -€34,682 | -53.2% |
| Stocks and contracts in progress | 3 | €693 | €1,852 | +€1,159 | +167.3% |
| Stocks | 30/36 | €693 | €1,852 | +€1,159 | +167.3% |
| Amounts receivable within one year | 40/41 | €13,319 | €2,331 | -€10,989 | -82.5% |
| Other amounts receivable | 41 | €13,319 | €2,331 | -€10,989 | -82.5% |
| Cash at bank and in hand | 54/58 | €51,048 | €26,378 | -€24,670 | -48.3% |
| Deferred charges and accrued income | 490/1 | €183 | - | -€183 | |
| Total equity and liabilities | 10/49 | €65,243 | €30,561 | -€34,682 | -53.2% |
| Equity | 10/15 | €31,976 | €27,799 | -€4,177 | -13.1% |
| Contributions | 10/11 | €5,000 | €10,000 | +€5,000 | +100.0% |
| Profit (loss) carried forward | 14 | €26,976 | €17,799 | -€9,177 | -34.0% |
| Amounts payable | 17/49 | €33,266 | €2,761 | -€30,505 | -91.7% |
| Amounts payable within one year | 42/48 | €33,266 | €2,761 | -€30,505 | -91.7% |
| Trade debts | 44 | €6,808 | €2,761 | -€4,047 | -59.4% |
| Suppliers | 440/4 | €6,808 | €2,761 | -€4,047 | -59.4% |
| Taxes, remuneration and social security | 45 | €25,295 | - | -€25,295 | |
| Taxes | 450/3 | €3,479 | - | -€3,479 | |
| Remuneration and social security | 454/9 | €21,816 | - | -€21,816 | |
| Other amounts payable | 47/48 | €1,164 | - | -€1,164 | |
| Turnover | 70 | €141,693 | €6,926 | -€134,767 | -95.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €111,539 | €9,857 | -€101,682 | -91.2% |
| Remuneration, social security and pensions | 62 | €32,011 | €9,580 | -€22,431 | -70.1% |
| Other operating charges | 640/8 | €1,630 | €774 | -€856 | -52.5% |
| Gross operating margin | 9900 | €31,106 | €2,909 | -€28,197 | -90.6% |
| Operating profit (loss) | 9901 | -€2,536 | -€7,445 | -€4,910 | -193.6% |
| Financial charges | 65/66B | €84 | €99 | +€15 | +17.9% |
| Recurring financial charges | 65 | €84 | €99 | +€15 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,620 | -€7,544 | -€4,925 | -188.0% |
| Income taxes | 67/77 | - | €1,633 | +€1,633 | |
| Profit (loss) for the period | 9904 | -€2,620 | -€9,177 | -€6,557 | -250.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,620 | -€9,177 | -€6,557 | -250.3% |
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 8 October 2026 via checked.be.