SKY PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year +€219,718
up €219,718 (+1000.2%), from €21,967 to €241,685
of which Trade receivables: +€187,829
- Cash -€26,102
down €26,102 (-98.9%), from €26,403 to €301
mainly Receivables within one year (-€219,718) and Other debts (-€91,026)
- Stocks and contracts -€2,616
down €2,616 (-42.1%), from €6,214 to €3,598
- Trade debts +€187,353
up €187,353 (+1112.6%), from €16,839 to €204,192
- Other debts -€91,026
down €91,026 (-52.7%), from €172,757 to €81,731
- Profit (loss) carried forward +€84,799
up €84,799 (+47.2%), from -€179,778 to -€94,979
- Tax, wage and social debts +€7,720
up €7,720 (+87.9%), from €8,780 to €16,500
of which Remuneration and social security: +€11,264
- Gross operating margin +€91,507
up €91,507 (+134.3%), from €68,160 to €159,667
- Staff costs +€17,898
up €17,898 (+36.2%), from €49,385 to €67,283
- Other operating charges -€3,515
down €3,515 (-56.3%), from €6,245 to €2,730
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 | €58,149 | €247,448 | +€189,299 | +325.5% |
| Fixed assets | 21/28 | €3,565 | €1,864 | -€1,701 | -47.7% |
| Tangible fixed assets | 22/27 | €3,565 | €1,864 | -€1,701 | -47.7% |
| Land and buildings | 22 | €3,003 | €1,864 | -€1,139 | -37.9% |
| Plant, machinery and equipment | 23 | €562 | - | -€562 | |
| Current assets | 29/58 | €54,584 | €245,584 | +€191,000 | +349.9% |
| Stocks and contracts in progress | 3 | €6,214 | €3,598 | -€2,616 | -42.1% |
| Stocks | 30/36 | €6,214 | €3,598 | -€2,616 | -42.1% |
| Amounts receivable within one year | 40/41 | €21,967 | €241,685 | +€219,718 | +1000.2% |
| Trade receivables | 40 | €15,200 | €203,029 | +€187,829 | +1235.7% |
| Other amounts receivable | 41 | €6,767 | €38,656 | +€31,889 | +471.2% |
| Cash at bank and in hand | 54/58 | €26,403 | €301 | -€26,102 | -98.9% |
| Total equity and liabilities | 10/49 | €58,149 | €247,448 | +€189,299 | +325.5% |
| Equity | 10/15 | -€141,783 | -€56,984 | +€84,799 | +59.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,395 | €19,395 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Tax-exempt reserves | 132 | €52 | €52 | = | 0.0% |
| Distributable reserves | 133 | €18,723 | €18,723 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€179,778 | -€94,979 | +€84,799 | +47.2% |
| Amounts payable | 17/49 | €199,932 | €304,432 | +€104,500 | +52.3% |
| Amounts payable within one year | 42/48 | €198,376 | €302,876 | +€104,500 | +52.7% |
| Financial debts | 43 | - | €453 | +€453 | |
| Credit institutions | 430/8 | - | €453 | +€453 | |
| Trade debts | 44 | €16,839 | €204,192 | +€187,353 | +1112.6% |
| Suppliers | 440/4 | €16,839 | €204,192 | +€187,353 | +1112.6% |
| Taxes, remuneration and social security | 45 | €8,780 | €16,500 | +€7,720 | +87.9% |
| Taxes | 450/3 | €3,544 | - | -€3,544 | |
| Remuneration and social security | 454/9 | €5,236 | €16,500 | +€11,264 | +215.1% |
| Other amounts payable | 47/48 | €172,757 | €81,731 | -€91,026 | -52.7% |
| Accrued charges and deferred income | 492/3 | €1,556 | €1,556 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €49,385 | €67,283 | +€17,898 | +36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,739 | €1,701 | -€38 | -2.2% |
| Other operating charges | 640/8 | €6,245 | €2,730 | -€3,515 | -56.3% |
| Gross operating margin | 9900 | €68,160 | €159,667 | +€91,507 | +134.3% |
| Operating profit (loss) | 9901 | €10,791 | €87,953 | +€77,162 | +715.1% |
| Financial charges | 65/66B | €3,971 | €3,039 | -€932 | -23.5% |
| Recurring financial charges | 65 | €3,971 | €3,039 | -€932 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €6,820 | €84,914 | +€78,094 | +1145.1% |
| Income taxes | 67/77 | €681 | €115 | -€566 | -83.1% |
| Profit (loss) for the period | 9904 | €6,139 | €84,799 | +€78,660 | +1281.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,139 | €84,799 | +€78,660 | +1281.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.