SKYCAP: 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.
SKYCAP
Largest movements
- Cash +€152,281
up €152,281 (+145%), from €105,064 to €257,345
mainly Receivables within one year (+€114,549) and Other debts (+€34,848)
- Receivables within one year -€114,549
down €114,549 (-33.5%), from €341,575 to €227,026
of which Trade receivables: -€168,612
- Other debts +€34,848
up €34,848 (+19,038%), from €183 to €35,031
- Tax, wage and social debts -€11,366
down €11,366 (-27.6%), from €41,183 to €29,817
- Reserves +€10,256
up €10,256 (+3.2%), from €325,285 to €335,541
- Gross operating margin -€131,406
down €131,406 (-85.7%), from €153,248 to €21,842
- Taxes -€38,631
down €38,631 (-87.8%), from €43,978 to €5,347
- Depreciation +€2,617
up €2,617 (+129%), from €2,022 to €4,638
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 | €462,868 | €495,997 | +€33,129 | +7.2% |
| Fixed assets | 21/28 | €15,719 | €11,081 | -€4,638 | -29.5% |
| Intangible fixed assets | 21 | €6,430 | €4,088 | -€2,342 | -36.4% |
| Tangible fixed assets | 22/27 | €9,289 | €6,992 | -€2,297 | -24.7% |
| Furniture and vehicles | 24 | €9,289 | €6,992 | -€2,297 | -24.7% |
| Current assets | 29/58 | €447,149 | €484,916 | +€37,767 | +8.4% |
| Amounts receivable within one year | 40/41 | €341,575 | €227,026 | -€114,549 | -33.5% |
| Trade receivables | 40 | €203,460 | €34,848 | -€168,612 | -82.9% |
| Other amounts receivable | 41 | €138,115 | €192,178 | +€54,063 | +39.1% |
| Cash at bank and in hand | 54/58 | €105,064 | €257,345 | +€152,281 | +145% |
| Deferred charges and accrued income | 490/1 | €509 | €544 | +€35 | +6.9% |
| Total equity and liabilities | 10/49 | €462,868 | €495,997 | +€33,129 | +7.2% |
| Equity | 10/15 | €417,877 | €428,133 | +€10,256 | +2.5% |
| Contributions | 10/11 | €92,592 | €92,592 | = | 0.0% |
| Reserves | 13 | €325,285 | €335,541 | +€10,256 | +3.2% |
| Distributable reserves | 133 | €325,285 | €335,541 | +€10,256 | +3.2% |
| Amounts payable | 17/49 | €44,991 | €67,863 | +€22,872 | +50.8% |
| Amounts payable within one year | 42/48 | €44,991 | €67,863 | +€22,872 | +50.8% |
| Trade debts | 44 | €3,624 | €3,015 | -€610 | -16.8% |
| Suppliers | 440/4 | €3,624 | €3,015 | -€610 | -16.8% |
| Taxes, remuneration and social security | 45 | €41,183 | €29,817 | -€11,366 | -27.6% |
| Taxes | 450/3 | €41,183 | €29,817 | -€11,366 | -27.6% |
| Other amounts payable | 47/48 | €183 | €35,031 | +€34,848 | +19,038% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,022 | €4,638 | +€2,617 | +129% |
| Other operating charges | 640/8 | €990 | €1,336 | +€346 | +35.0% |
| Gross operating margin | 9900 | €153,248 | €21,842 | -€131,406 | -85.7% |
| Operating profit (loss) | 9901 | €150,237 | €15,868 | -€134,369 | -89.4% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €253 | €275 | +€22 | +8.8% |
| Recurring financial charges | 65 | €253 | €275 | +€22 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €149,984 | €15,604 | -€134,380 | -89.6% |
| Income taxes | 67/77 | €43,978 | €5,347 | -€38,631 | -87.8% |
| Profit (loss) for the period | 9904 | €106,006 | €10,256 | -€95,749 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €106,006 | €10,256 | -€95,749 | -90.3% |
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.