SKY4D: 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.
SKY4D
Largest movements
- Receivables within one year -€17,639
down €17,639 (-35.8%), from €49,265 to €31,626
of which Trade receivables: -€22,302
- Cash +€16,575
up €16,575 (+63.3%), from €26,186 to €42,761
mainly Net result for the year (+€22,940) and Receivables within one year (+€17,639)
- Tangible fixed assets +€11,676
up €11,676 (+51.5%), from €22,693 to €34,368
of which Plant, machinery and equipment: +€14,053
- Intangible fixed assets +€2,296
new in 2025: €2,296
- Current portion of long-term debt +€7,900
up €7,900 (+216%), from €3,654 to €11,555
- Profit (loss) carried forward +€5,293
up €5,293 (+17.7%), from €29,848 to €35,141
- Tax, wage and social debts -€4,349
down €4,349 (-19.7%), from €22,125 to €17,776
- Other debts +€3,097
up €3,097 (+26.1%), from €11,889 to €14,986
- Gross operating margin +€15,884
up €15,884 (+26.2%), from €60,685 to €76,569
- Taxes -€3,400
down €3,400 (-31.2%), from €10,887 to €7,487
- Other operating charges -€1,732
down €1,732 (-88.1%), from €1,967 to €234
- Depreciation -€1,357
down €1,357 (-7.6%), from €17,953 to €16,596
- Financial charges -€963
down €963 (-36.6%), from €2,636 to €1,672
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 | €98,144 | €111,051 | +€12,907 | +13.2% |
| Fixed assets | 21/28 | €22,693 | €36,664 | +€13,971 | +61.6% |
| Intangible fixed assets | 21 | - | €2,296 | +€2,296 | |
| Tangible fixed assets | 22/27 | €22,693 | €34,368 | +€11,676 | +51.5% |
| Plant, machinery and equipment | 23 | €17,002 | €31,055 | +€14,053 | +82.7% |
| Furniture and vehicles | 24 | €4,934 | €2,754 | -€2,180 | -44.2% |
| Other tangible fixed assets | 26 | €757 | €559 | -€197 | -26.1% |
| Current assets | 29/58 | €75,451 | €74,387 | -€1,065 | -1.4% |
| Amounts receivable within one year | 40/41 | €49,265 | €31,626 | -€17,639 | -35.8% |
| Trade receivables | 40 | €48,941 | €26,638 | -€22,302 | -45.6% |
| Other amounts receivable | 41 | €325 | €4,987 | +€4,663 | +1,437% |
| Cash at bank and in hand | 54/58 | €26,186 | €42,761 | +€16,575 | +63.3% |
| Total equity and liabilities | 10/49 | €98,144 | €111,051 | +€12,907 | +13.2% |
| Equity | 10/15 | €48,448 | €53,741 | +€5,293 | +10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,848 | €35,141 | +€5,293 | +17.7% |
| Amounts payable | 17/49 | €49,696 | €57,310 | +€7,614 | +15.3% |
| Amounts payable after more than one year | 17 | €555 | - | -€555 | |
| Financial debts | 170/4 | €555 | - | -€555 | |
| Amounts payable within one year | 42/48 | €49,141 | €56,260 | +€7,118 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €3,654 | €11,555 | +€7,900 | +216% |
| Trade debts | 44 | €11,473 | €11,943 | +€470 | +4.1% |
| Suppliers | 440/4 | €11,473 | €11,943 | +€470 | +4.1% |
| Taxes, remuneration and social security | 45 | €22,125 | €17,776 | -€4,349 | -19.7% |
| Taxes | 450/3 | €22,125 | €17,776 | -€4,349 | -19.7% |
| Other amounts payable | 47/48 | €11,889 | €14,986 | +€3,097 | +26.1% |
| Accrued charges and deferred income | 492/3 | - | €1,050 | +€1,050 | |
| Non-recurring operating income | 76A | - | €28,119 | +€28,119 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,953 | €16,596 | -€1,357 | -7.6% |
| Other operating charges | 640/8 | €1,967 | €234 | -€1,732 | -88.1% |
| Non-recurring operating charges | 66A | - | €27,848 | +€27,848 | |
| Gross operating margin | 9900 | €60,685 | €76,569 | +€15,884 | +26.2% |
| Operating profit (loss) | 9901 | €40,766 | €31,891 | -€8,875 | -21.8% |
| Financial income | 75/76B | €158 | €209 | +€51 | +32.3% |
| Recurring financial income | 75 | €158 | €209 | +€51 | +32.3% |
| Financial charges | 65/66B | €2,636 | €1,672 | -€963 | -36.6% |
| Recurring financial charges | 65 | €2,636 | €1,672 | -€963 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €38,288 | €30,427 | -€7,860 | -20.5% |
| Income taxes | 67/77 | €10,887 | €7,487 | -€3,400 | -31.2% |
| Profit (loss) for the period | 9904 | €27,400 | €22,940 | -€4,461 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,400 | €22,940 | -€4,461 | -16.3% |
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 19 October 2026 via checked.be.