SKY-O: 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-O
Largest movements
- Current investments -€400,000
no longer reported in 2025 (was €400,000)
- Cash +€296,280
up €296,280 (+82.2%), from €360,393 to €656,673
mainly Current investments (+€400,000) and Net result for the year (+€137,355)
- Receivables within one year +€79,926
up €79,926 (+49.5%), from €161,629 to €241,555
of which Trade receivables: +€64,926
- Reserves -€52,700
down €52,700 (-8.1%), from €651,860 to €599,160
of which Distributable reserves: -€52,700
- Trade debts +€37,970
up €37,970 (+57.4%), from €66,125 to €104,095
- Tax, wage and social debts -€15,629
down €15,629 (-16.1%), from €96,799 to €81,171
- Gross operating margin -€197,836
down €197,836 (-51.7%), from €382,969 to €185,134
- Taxes -€42,808
down €42,808 (-51.7%), from €82,777 to €39,968
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 | €953,387 | €917,521 | -€35,866 | -3.8% |
| Fixed assets | 21/28 | €9,039 | €7,089 | -€1,950 | -21.6% |
| Tangible fixed assets | 22/27 | €7,335 | €5,385 | -€1,950 | -26.6% |
| Furniture and vehicles | 24 | €7,335 | €5,385 | -€1,950 | -26.6% |
| Financial fixed assets | 28 | €1,705 | €1,705 | = | 0.0% |
| Current assets | 29/58 | €944,348 | €910,432 | -€33,916 | -3.6% |
| Amounts receivable after more than one year | 29 | €8,500 | - | -€8,500 | |
| Trade receivables | 290 | €8,500 | - | -€8,500 | |
| Amounts receivable within one year | 40/41 | €161,629 | €241,555 | +€79,926 | +49.5% |
| Trade receivables | 40 | €161,629 | €226,555 | +€64,926 | +40.2% |
| Other amounts receivable | 41 | - | €15,000 | +€15,000 | |
| Current investments | 50/53 | €400,000 | - | -€400,000 | |
| Cash at bank and in hand | 54/58 | €360,393 | €656,673 | +€296,280 | +82.2% |
| Deferred charges and accrued income | 490/1 | €13,827 | €12,204 | -€1,623 | -11.7% |
| Total equity and liabilities | 10/49 | €953,387 | €917,521 | -€35,866 | -3.8% |
| Equity | 10/15 | €654,577 | €602,630 | -€51,947 | -7.9% |
| Reserves | 13 | €651,860 | €599,160 | -€52,700 | -8.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €650,000 | €597,300 | -€52,700 | -8.1% |
| Profit (loss) carried forward | 14 | €2,717 | €3,470 | +€753 | +27.7% |
| Amounts payable | 17/49 | €298,810 | €314,891 | +€16,081 | +5.4% |
| Amounts payable within one year | 42/48 | €272,924 | €295,266 | +€22,341 | +8.2% |
| Trade debts | 44 | €66,125 | €104,095 | +€37,970 | +57.4% |
| Suppliers | 440/4 | €66,125 | €104,095 | +€37,970 | +57.4% |
| Taxes, remuneration and social security | 45 | €96,799 | €81,171 | -€15,629 | -16.1% |
| Taxes | 450/3 | €96,799 | €81,171 | -€15,629 | -16.1% |
| Other amounts payable | 47/48 | €110,000 | €110,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €25,885 | €19,625 | -€6,260 | -24.2% |
| Remuneration, social security and pensions | 62 | €6,206 | €4,965 | -€1,241 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,740 | €1,950 | -€790 | -28.8% |
| Other operating charges | 640/8 | €5,786 | €4,411 | -€1,375 | -23.8% |
| Gross operating margin | 9900 | €382,969 | €185,134 | -€197,836 | -51.7% |
| Operating profit (loss) | 9901 | €368,237 | €173,808 | -€194,429 | -52.8% |
| Financial income | 75/76B | €4,996 | €4,710 | -€287 | -5.7% |
| Recurring financial income | 75 | €4,863 | €3,116 | -€1,747 | -35.9% |
| Non-recurring financial income | 76B | €134 | €1,594 | +€1,460 | +1090.3% |
| Financial charges | 65/66B | €602 | €1,194 | +€592 | +98.2% |
| Recurring financial charges | 65 | €602 | €1,194 | +€592 | +98.2% |
| Profit (loss) for the period before taxes | 9903 | €372,631 | €177,323 | -€195,308 | -52.4% |
| Income taxes | 67/77 | €82,777 | €39,968 | -€42,808 | -51.7% |
| Profit (loss) for the period | 9904 | €289,855 | €137,355 | -€152,499 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €289,855 | €137,355 | -€152,499 | -52.6% |
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 11 October 2026 via checked.be.