SKY'IT: 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'IT
Largest movements
- Tangible fixed assets -€35,619
down €35,619 (-6.0%), from €591,581 to €555,962
of which Land and buildings: -€28,293
- Cash +€12,122
up €12,122 (+82.5%), from €14,692 to €26,813
mainly Depreciation (+€44,300) and Net result for the year (+€21,918)
- Receivables within one year -€8,694
down €8,694 (-19.9%), from €43,795 to €35,101
of which Other amounts receivable: -€4,358
- Debts after one year -€40,331
down €40,331 (-12.5%), from €323,249 to €282,918
- Reserves +€20,252
up €20,252 (+12.6%), from €160,670 to €180,922
- Advances received -€10,686
down €10,686 (-18.0%), from €59,240 to €48,554
- Gross operating margin +€15,711
up €15,711 (+20.8%), from €75,529 to €91,239
- Taxes +€6,492
up €6,492 (+140.5%), from €4,622 to €11,115
- Depreciation -€4,868
down €4,868 (-9.9%), from €49,168 to €44,300
- Financial charges -€1,359
down €1,359 (-12.2%), from €11,139 to €9,780
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 | €654,638 | €623,588 | -€31,050 | -4.7% |
| Fixed assets | 21/28 | €591,581 | €555,962 | -€35,619 | -6.0% |
| Tangible fixed assets | 22/27 | €591,581 | €555,962 | -€35,619 | -6.0% |
| Land and buildings | 22 | €535,230 | €506,936 | -€28,293 | -5.3% |
| Plant, machinery and equipment | 23 | €46,627 | €45,348 | -€1,279 | -2.7% |
| Furniture and vehicles | 24 | €9,724 | €3,678 | -€6,047 | -62.2% |
| Current assets | 29/58 | €63,057 | €67,626 | +€4,569 | +7.2% |
| Amounts receivable within one year | 40/41 | €43,795 | €35,101 | -€8,694 | -19.9% |
| Trade receivables | 40 | €39,438 | €35,101 | -€4,337 | -11.0% |
| Other amounts receivable | 41 | €4,358 | €0 | -€4,358 | -100.0% |
| Current investments | 50/53 | €450 | €1,050 | +€600 | +133.3% |
| Cash at bank and in hand | 54/58 | €14,692 | €26,813 | +€12,122 | +82.5% |
| Deferred charges and accrued income | 490/1 | €4,121 | €4,662 | +€542 | +13.2% |
| Total equity and liabilities | 10/49 | €654,638 | €623,588 | -€31,050 | -4.7% |
| Equity | 10/15 | €179,270 | €199,522 | +€20,252 | +11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €160,670 | €180,922 | +€20,252 | +12.6% |
| Distributable reserves | 133 | €160,670 | €180,922 | +€20,252 | +12.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €475,368 | €424,066 | -€51,302 | -10.8% |
| Amounts payable after more than one year | 17 | €323,249 | €282,918 | -€40,331 | -12.5% |
| Financial debts | 170/4 | €323,249 | €282,918 | -€40,331 | -12.5% |
| Amounts payable within one year | 42/48 | €152,118 | €141,148 | -€10,970 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €49,471 | €44,099 | -€5,372 | -10.9% |
| Financial debts | 43 | €3,052 | €3,038 | -€14 | -0.5% |
| Credit institutions | 430/8 | €3,052 | €3,038 | -€14 | -0.5% |
| Trade debts | 44 | €3,671 | €5,757 | +€2,085 | +56.8% |
| Suppliers | 440/4 | €3,671 | €5,757 | +€2,085 | +56.8% |
| Advances received on contracts in progress | 46 | €59,240 | €48,554 | -€10,686 | -18.0% |
| Taxes, remuneration and social security | 45 | €3,942 | €3,361 | -€581 | -14.7% |
| Taxes | 450/3 | €3,942 | €3,361 | -€581 | -14.7% |
| Other amounts payable | 47/48 | €32,741 | €36,339 | +€3,598 | +11.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,168 | €44,300 | -€4,868 | -9.9% |
| Other operating charges | 640/8 | €3,598 | €3,904 | +€306 | +8.5% |
| Non-recurring operating charges | 66A | €0 | €257 | +€257 | |
| Gross operating margin | 9900 | €75,529 | €91,239 | +€15,711 | +20.8% |
| Operating profit (loss) | 9901 | €22,763 | €42,778 | +€20,015 | +87.9% |
| Financial income | 75/76B | €4 | €34 | +€30 | +735.7% |
| Recurring financial income | 75 | €4 | €34 | +€30 | +735.7% |
| Financial charges | 65/66B | €11,139 | €9,780 | -€1,359 | -12.2% |
| Recurring financial charges | 65 | €11,139 | €9,780 | -€1,359 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €11,628 | €33,032 | +€21,405 | +184.1% |
| Income taxes | 67/77 | €4,622 | €11,115 | +€6,492 | +140.5% |
| Profit (loss) for the period | 9904 | €7,006 | €21,918 | +€14,912 | +212.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,006 | €21,918 | +€14,912 | +212.9% |
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 9 October 2026 via checked.be.