SKYBEL: 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.
SKYBEL
Largest movements
- Receivables within one year -€123,482
down €123,482 (-51.2%), from €241,318 to €117,836
- Tangible fixed assets -€18,924
down €18,924 (-52.2%), from €36,250 to €17,326
of which Furniture and vehicles: -€16,928
- Profit (loss) carried forward -€55,195
down €55,195 (-236%), from -€23,427 to -€78,622
- Other debts -€33,778
down €33,778 (-82.3%), from €41,045 to €7,266
- Trade debts -€24,048
down €24,048 (-11.8%), from €204,004 to €179,955
- Tax, wage and social debts -€16,202
down €16,202 (-28.7%), from €56,512 to €40,310
of which Taxes: -€12,260
- Current portion of long-term debt -€13,093
no longer reported in 2025 (was €13,093)
- Gross operating margin -€77,341
down €77,341 (-92.1%), from €83,996 to €6,655
- Financial income +€13,873
up €13,873 (+780%), from €1,779 to €15,652
- Depreciation +€7,051
up €7,051 (+59.4%), from €11,873 to €18,924
- Staff costs -€6,473
down €6,473 (-15.9%), from €40,694 to €34,222
- Financial charges +€4,672
up €4,672 (+178%), from €2,624 to €7,296
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 | €309,826 | €167,510 | -€142,316 | -45.9% |
| Fixed assets | 21/28 | €48,700 | €29,776 | -€18,924 | -38.9% |
| Tangible fixed assets | 22/27 | €36,250 | €17,326 | -€18,924 | -52.2% |
| Plant, machinery and equipment | 23 | €2,394 | €398 | -€1,996 | -83.4% |
| Furniture and vehicles | 24 | €33,856 | €16,928 | -€16,928 | -50.0% |
| Financial fixed assets | 28 | €12,450 | €12,450 | = | 0.0% |
| Current assets | 29/58 | €261,126 | €137,734 | -€123,392 | -47.3% |
| Amounts receivable within one year | 40/41 | €241,318 | €117,836 | -€123,482 | -51.2% |
| Trade receivables | 40 | €241,318 | €117,836 | -€123,482 | -51.2% |
| Cash at bank and in hand | 54/58 | €19,808 | €19,898 | +€90 | +0.5% |
| Total equity and liabilities | 10/49 | €309,826 | €167,510 | -€142,316 | -45.9% |
| Equity | 10/15 | -€4,827 | -€60,022 | -€55,195 | -1,143% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,427 | -€78,622 | -€55,195 | -236% |
| Amounts payable | 17/49 | €314,653 | €227,531 | -€87,122 | -27.7% |
| Amounts payable within one year | 42/48 | €314,653 | €227,531 | -€87,122 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €13,093 | - | -€13,093 | |
| Trade debts | 44 | €204,004 | €179,955 | -€24,048 | -11.8% |
| Suppliers | 440/4 | €204,004 | €179,955 | -€24,048 | -11.8% |
| Taxes, remuneration and social security | 45 | €56,512 | €40,310 | -€16,202 | -28.7% |
| Taxes | 450/3 | €52,570 | €40,310 | -€12,260 | -23.3% |
| Remuneration and social security | 454/9 | €3,941 | - | -€3,941 | |
| Other amounts payable | 47/48 | €41,045 | €7,266 | -€33,778 | -82.3% |
| Remuneration, social security and pensions | 62 | €40,694 | €34,222 | -€6,473 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,873 | €18,924 | +€7,051 | +59.4% |
| Other operating charges | 640/8 | €18,883 | €17,061 | -€1,822 | -9.6% |
| Gross operating margin | 9900 | €83,996 | €6,655 | -€77,341 | -92.1% |
| Operating profit (loss) | 9901 | €12,546 | -€63,551 | -€76,097 | |
| Financial income | 75/76B | €1,779 | €15,652 | +€13,873 | +780% |
| Recurring financial income | 75 | €1,779 | €15,652 | +€13,873 | +780% |
| Financial charges | 65/66B | €2,624 | €7,296 | +€4,672 | +178% |
| Recurring financial charges | 65 | €2,624 | €7,296 | +€4,672 | +178% |
| Profit (loss) for the period before taxes | 9903 | €11,701 | -€55,195 | -€66,896 | |
| Profit (loss) for the period | 9904 | €11,701 | -€55,195 | -€66,896 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,701 | -€55,195 | -€66,896 |
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 28 October 2026 via checked.be.