SKY-MINDED: 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-MINDED
Largest movements
- Tangible fixed assets +€1,881
new in 2025: €1,881
- Receivables within one year -€1,664
down €1,664 (-14.2%), from €11,757 to €10,093
of which Trade receivables: -€1,673
- Cash -€155
down €155 (-44.5%), from €348 to €193
mainly Investment in fixed assets (net) (-€2,184) and Net result for the year (-€525)
- Trade debts +€865
new in 2025: €865
- Profit (loss) carried forward -€525
down €525 (-20.7%), from €2,538 to €2,013
- Tax, wage and social debts -€278
down €278 (-18.4%), from €1,507 to €1,229
- Gross operating margin -€6,293
down €6,293 (-88.4%), from €7,116 to €823
- Taxes +€355
up €355 (+144.9%), from €245 to €600
- Depreciation +€303
new in 2025: €303
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 | €12,105 | €12,167 | +€62 | +0.5% |
| Fixed assets | 21/28 | - | €1,881 | +€1,881 | |
| Tangible fixed assets | 22/27 | - | €1,881 | +€1,881 | |
| Plant, machinery and equipment | 23 | - | €1,881 | +€1,881 | |
| Current assets | 29/58 | €12,105 | €10,286 | -€1,819 | -15.0% |
| Amounts receivable within one year | 40/41 | €11,757 | €10,093 | -€1,664 | -14.2% |
| Trade receivables | 40 | €8,196 | €6,523 | -€1,673 | -20.4% |
| Other amounts receivable | 41 | €3,561 | €3,570 | +€9 | +0.3% |
| Cash at bank and in hand | 54/58 | €348 | €193 | -€155 | -44.5% |
| Total equity and liabilities | 10/49 | €12,105 | €12,167 | +€62 | +0.5% |
| Equity | 10/15 | €10,598 | €10,073 | -€525 | -5.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,538 | €2,013 | -€525 | -20.7% |
| Amounts payable | 17/49 | €1,507 | €2,094 | +€587 | +39.0% |
| Amounts payable within one year | 42/48 | €1,507 | €2,094 | +€587 | +39.0% |
| Trade debts | 44 | - | €865 | +€865 | |
| Suppliers | 440/4 | - | €865 | +€865 | |
| Taxes, remuneration and social security | 45 | €1,507 | €1,229 | -€278 | -18.4% |
| Taxes | 450/3 | €1,507 | €1,229 | -€278 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €303 | +€303 | |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €7,116 | €823 | -€6,293 | -88.4% |
| Operating profit (loss) | 9901 | €6,729 | €120 | -€6,609 | -98.2% |
| Financial charges | 65/66B | €14 | €45 | +€31 | +221.4% |
| Recurring financial charges | 65 | €14 | €45 | +€31 | +221.4% |
| Profit (loss) for the period before taxes | 9903 | €6,715 | €75 | -€6,640 | -98.9% |
| Income taxes | 67/77 | €245 | €600 | +€355 | +144.9% |
| Profit (loss) for the period | 9904 | €6,470 | -€525 | -€6,995 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,470 | -€525 | -€6,995 |
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 4 October 2026 via checked.be.