SKY STEIGERS: 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 STEIGERS
Largest movements
- Receivables within one year +€41,725
up €41,725 (+27.3%), from €152,986 to €194,711
of which Trade receivables: +€54,751
- Tangible fixed assets -€37,384
down €37,384 (-3.2%), from €1.2m to €1.1m
of which Leasing and similar rights: -€38,700
- Trade debts -€278,405
down €278,405 (-82.0%), from €339,678 to €61,273
- Debts after one year +€224,934
up €224,934 (+31.6%), from €712,721 to €937,655
- Current portion of long-term debt +€56,005
up €56,005 (+28.3%), from €198,191 to €254,196
- Tax, wage and social debts +€34,785
up €34,785 (+237%), from €14,695 to €49,480
of which Taxes: +€32,777
- Other debts -€26,381
down €26,381 (-27.3%), from €96,516 to €70,135
- Gross operating margin +€147,938
up €147,938 (+24.7%), from €600,047 to €747,985
- Depreciation +€77,068
up €77,068 (+30.7%), from €251,354 to €328,422
- Staff costs +€51,217
up €51,217 (+16.4%), from €312,953 to €364,170
- Financial charges +€23,557
up €23,557 (+83.0%), from €28,390 to €51,947
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.
Derived cash bridge
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 | €1,445,051 | €1,460,914 | +€15,863 | +1.1% |
| Fixed assets | 21/28 | €1,223,802 | €1,189,142 | -€34,660 | -2.8% |
| Intangible fixed assets | 21 | €37,420 | €34,279 | -€3,141 | -8.4% |
| Tangible fixed assets | 22/27 | €1,181,477 | €1,144,093 | -€37,384 | -3.2% |
| Plant, machinery and equipment | 23 | €498,712 | €510,737 | +€12,025 | +2.4% |
| Furniture and vehicles | 24 | €531,119 | €515,453 | -€15,666 | -2.9% |
| Leasing and similar rights | 25 | €150,626 | €111,927 | -€38,700 | -25.7% |
| Other tangible fixed assets | 26 | €1,020 | €5,976 | +€4,956 | +486% |
| Financial fixed assets | 28 | €4,905 | €10,770 | +€5,865 | +120% |
| Current assets | 29/58 | €221,249 | €271,772 | +€50,524 | +22.8% |
| Amounts receivable within one year | 40/41 | €152,986 | €194,711 | +€41,725 | +27.3% |
| Trade receivables | 40 | €131,019 | €185,770 | +€54,751 | +41.8% |
| Other amounts receivable | 41 | €21,968 | €8,942 | -€13,026 | -59.3% |
| Cash at bank and in hand | 54/58 | €56,655 | €60,690 | +€4,034 | +7.1% |
| Deferred charges and accrued income | 490/1 | €11,607 | €16,372 | +€4,764 | +41.0% |
| Total equity and liabilities | 10/49 | €1,445,051 | €1,460,914 | +€15,863 | +1.1% |
| Equity | 10/15 | €70,693 | €71,544 | +€851 | +1.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €67,693 | €68,544 | +€851 | +1.3% |
| Distributable reserves | 133 | €67,693 | €68,544 | +€851 | +1.3% |
| Amounts payable | 17/49 | €1,374,358 | €1,389,370 | +€15,013 | +1.1% |
| Amounts payable after more than one year | 17 | €712,721 | €937,655 | +€224,934 | +31.6% |
| Financial debts | 170/4 | €712,721 | €937,655 | +€224,934 | +31.6% |
| Amounts payable within one year | 42/48 | €649,081 | €435,085 | -€213,996 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €198,191 | €254,196 | +€56,005 | +28.3% |
| Trade debts | 44 | €339,678 | €61,273 | -€278,405 | -82.0% |
| Suppliers | 440/4 | €339,678 | €61,273 | -€278,405 | -82.0% |
| Taxes, remuneration and social security | 45 | €14,695 | €49,480 | +€34,785 | +237% |
| Taxes | 450/3 | €200 | €32,977 | +€32,777 | +16,389% |
| Remuneration and social security | 454/9 | €14,495 | €16,503 | +€2,007 | +13.8% |
| Other amounts payable | 47/48 | €96,516 | €70,135 | -€26,381 | -27.3% |
| Accrued charges and deferred income | 492/3 | €12,556 | €16,631 | +€4,075 | +32.5% |
| Remuneration, social security and pensions | 62 | €312,953 | €364,170 | +€51,217 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €251,354 | €328,422 | +€77,068 | +30.7% |
| Other operating charges | 640/8 | €3,596 | €3,083 | -€513 | -14.3% |
| Non-recurring operating charges | 66A | €2,313 | €0 | -€2,313 | -100% |
| Gross operating margin | 9900 | €600,047 | €747,985 | +€147,938 | +24.7% |
| Operating profit (loss) | 9901 | €29,831 | €52,309 | +€22,479 | +75.4% |
| Financial income | 75/76B | €45 | €488 | +€443 | +974% |
| Recurring financial income | 75 | €45 | €488 | +€443 | +974% |
| Financial charges | 65/66B | €28,390 | €51,947 | +€23,557 | +83.0% |
| Recurring financial charges | 65 | €28,390 | €51,947 | +€23,557 | +83.0% |
| Profit (loss) for the period before taxes | 9903 | €1,486 | €851 | -€635 | -42.8% |
| Income taxes | 67/77 | €2 | €0 | -€2 | -100% |
| Profit (loss) for the period | 9904 | €1,484 | €851 | -€633 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,484 | €851 | -€633 | -42.7% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.