SKYCTC: 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.
SKYCTC
Largest movements
- Cash -€27,962
down €27,962 (-26.3%), from €106,394 to €78,432
mainly Contributions, distributions and other (-€42,460) and Debts after one year (-€13,024)
- Receivables within one year +€7,815
up €7,815 (+25.8%), from €30,281 to €38,096
- Tangible fixed assets +€6,286
up €6,286 (+5.9%), from €106,845 to €113,131
of which Other tangible fixed assets: +€10,018
- Reserves -€24,700
down €24,700 (-20.6%), from €120,040 to €95,340
of which Distributable reserves: -€24,700
- Other debts +€16,747
up €16,747 (+493%), from €3,399 to €20,146
- Debts after one year -€13,024
down €13,024 (-39.6%), from €32,903 to €19,879
- Trade debts +€10,498
up €10,498 (+287%), from €3,657 to €14,155
- Tax, wage and social debts -€2,963
down €2,963 (-10.6%), from €28,002 to €25,039
of which Remuneration and social security: -€3,629
- Gross operating margin -€12,674
down €12,674 (-17.4%), from €72,653 to €59,979
- Taxes -€4,014
down €4,014 (-37.1%), from €10,805 to €6,791
- Other operating charges +€1,680
up €1,680 (+89.6%), from €1,874 to €3,554
- Staff costs -€1,026
down €1,026 (-3.9%), from €26,468 to €25,442
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 | €251,921 | €238,674 | -€13,247 | -5.3% |
| Fixed assets | 21/28 | €107,438 | €113,724 | +€6,286 | +5.9% |
| Tangible fixed assets | 22/27 | €106,845 | €113,131 | +€6,286 | +5.9% |
| Land and buildings | 22 | €102,700 | €98,800 | -€3,900 | -3.8% |
| Plant, machinery and equipment | 23 | €3,140 | €3,308 | +€168 | +5.4% |
| Furniture and vehicles | 24 | €1,005 | €1,005 | = | 0.0% |
| Other tangible fixed assets | 26 | - | €10,018 | +€10,018 | |
| Financial fixed assets | 28 | €593 | €593 | = | 0.0% |
| Current assets | 29/58 | €144,483 | €124,950 | -€19,533 | -13.5% |
| Amounts receivable within one year | 40/41 | €30,281 | €38,096 | +€7,815 | +25.8% |
| Trade receivables | 40 | €30,281 | €38,096 | +€7,815 | +25.8% |
| Cash at bank and in hand | 54/58 | €106,394 | €78,432 | -€27,962 | -26.3% |
| Deferred charges and accrued income | 490/1 | €7,808 | €8,422 | +€614 | +7.9% |
| Total equity and liabilities | 10/49 | €251,921 | €238,674 | -€13,247 | -5.3% |
| Equity | 10/15 | €171,116 | €146,416 | -€24,700 | -14.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | - | €12,400 | +€12,400 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €120,040 | €95,340 | -€24,700 | -20.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €118,180 | €93,480 | -€24,700 | -20.9% |
| Profit (loss) carried forward | 14 | €38,676 | €38,676 | = | 0.0% |
| Amounts payable | 17/49 | €80,805 | €92,258 | +€11,453 | +14.2% |
| Amounts payable after more than one year | 17 | €32,903 | €19,879 | -€13,024 | -39.6% |
| Financial debts | 170/4 | €32,903 | €19,879 | -€13,024 | -39.6% |
| Amounts payable within one year | 42/48 | €47,902 | €72,379 | +€24,477 | +51.1% |
| Current portion of amounts payable after more than one year | 42 | €12,844 | €13,039 | +€195 | +1.5% |
| Trade debts | 44 | €3,657 | €14,155 | +€10,498 | +287% |
| Suppliers | 440/4 | €3,657 | €14,155 | +€10,498 | +287% |
| Taxes, remuneration and social security | 45 | €28,002 | €25,039 | -€2,963 | -10.6% |
| Taxes | 450/3 | €8,375 | €9,041 | +€666 | +8.0% |
| Remuneration and social security | 454/9 | €19,627 | €15,998 | -€3,629 | -18.5% |
| Other amounts payable | 47/48 | €3,399 | €20,146 | +€16,747 | +493% |
| Remuneration, social security and pensions | 62 | €26,468 | €25,442 | -€1,026 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,344 | €5,334 | -€10 | -0.2% |
| Other operating charges | 640/8 | €1,874 | €3,554 | +€1,680 | +89.6% |
| Gross operating margin | 9900 | €72,653 | €59,979 | -€12,674 | -17.4% |
| Operating profit (loss) | 9901 | €38,967 | €25,649 | -€13,318 | -34.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €878 | €1,099 | +€221 | +25.2% |
| Recurring financial charges | 65 | €878 | €1,099 | +€221 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €38,089 | €24,551 | -€13,538 | -35.5% |
| Income taxes | 67/77 | €10,805 | €6,791 | -€4,014 | -37.1% |
| Profit (loss) for the period | 9904 | €27,284 | €17,760 | -€9,524 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,284 | €17,760 | -€9,524 | -34.9% |
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 16 October 2026 via checked.be.