SKYE: what changed
SKYE
Largest movements
- Cash -€80,879
down €80,879 (-45.7%), from €177,025 to €96,146
mainly Investment in fixed assets (net) (-€50,721) and Contributions, distributions and other (-€27,612)
- Tangible fixed assets +€24,555
up €24,555 (+4.7%), from €521,229 to €545,783
of which Assets under construction and advance payments: +€40,627
- Receivables within one year +€14,544
up €14,544 (+267%), from €5,444 to €19,989
of which Other amounts receivable: +€16,185
- Debts after one year -€17,264
down €17,264 (-5.8%), from €298,497 to €281,233
- Other debts -€12,974
down €12,974 (-32.0%), from €40,585 to €27,612
- Reserves -€8,424
down €8,424 (-2.6%), from €330,197 to €321,773
- Trade debts +€7,330
up €7,330 (+354%), from €2,071 to €9,400
- Gross operating margin -€12,205
down €12,205 (-16.8%), from €72,456 to €60,252
- Depreciation -€4,900
down €4,900 (-19.3%), from €25,408 to €20,508
- Financial charges +€4,162
up €4,162 (+58.4%), from €7,132 to €11,295
- Taxes -€3,079
down €3,079 (-26.4%), from €11,685 to €8,605
- Other operating charges -€2,400
down €2,400 (-49.7%), from €4,830 to €2,430
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €709,634 | €674,993 | -€34,640 | -4.9% |
| Fixed assets | 21/28 | €522,088 | €552,302 | +€30,213 | +5.8% |
| Intangible fixed assets | 21 | €860 | €1,518 | +€659 | +76.6% |
| Tangible fixed assets | 22/27 | €521,229 | €545,783 | +€24,555 | +4.7% |
| Land and buildings | 22 | €274,152 | €266,011 | -€8,141 | -3.0% |
| Plant, machinery and equipment | 23 | €10,672 | €8,960 | -€1,712 | -16.0% |
| Furniture and vehicles | 24 | €31,275 | €25,666 | -€5,609 | -17.9% |
| Other tangible fixed assets | 26 | €611 | €0 | -€611 | -100% |
| Assets under construction and advance payments | 27 | €204,519 | €245,145 | +€40,627 | +19.9% |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €187,546 | €122,692 | -€64,854 | -34.6% |
| Amounts receivable within one year | 40/41 | €5,444 | €19,989 | +€14,544 | +267% |
| Trade receivables | 40 | €1,890 | €250 | -€1,640 | -86.8% |
| Other amounts receivable | 41 | €3,554 | €19,739 | +€16,185 | +455% |
| Cash at bank and in hand | 54/58 | €177,025 | €96,146 | -€80,879 | -45.7% |
| Deferred charges and accrued income | 490/1 | €5,076 | €6,557 | +€1,481 | +29.2% |
| Total equity and liabilities | 10/49 | €709,634 | €674,993 | -€34,640 | -4.9% |
| Equity | 10/15 | €336,497 | €328,073 | -€8,424 | -2.5% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €330,197 | €321,773 | -€8,424 | -2.6% |
| Distributable reserves | 133 | €330,197 | €321,773 | -€8,424 | -2.6% |
| Amounts payable | 17/49 | €373,137 | €346,921 | -€26,216 | -7.0% |
| Amounts payable after more than one year | 17 | €298,497 | €281,233 | -€17,264 | -5.8% |
| Financial debts | 170/4 | €298,497 | €281,233 | -€17,264 | -5.8% |
| Amounts payable within one year | 42/48 | €72,887 | €63,673 | -€9,215 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €16,733 | €17,264 | +€530 | +3.2% |
| Trade debts | 44 | €2,071 | €9,400 | +€7,330 | +354% |
| Suppliers | 440/4 | €2,071 | €9,400 | +€7,330 | +354% |
| Taxes, remuneration and social security | 45 | €13,498 | €9,397 | -€4,101 | -30.4% |
| Taxes | 450/3 | €13,498 | €6,826 | -€6,672 | -49.4% |
| Remuneration and social security | 454/9 | - | €2,571 | +€2,571 | |
| Other amounts payable | 47/48 | €40,585 | €27,612 | -€12,974 | -32.0% |
| Accrued charges and deferred income | 492/3 | €1,753 | €2,015 | +€262 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,408 | €20,508 | -€4,900 | -19.3% |
| Other operating charges | 640/8 | €4,830 | €2,430 | -€2,400 | -49.7% |
| Gross operating margin | 9900 | €72,456 | €60,252 | -€12,205 | -16.8% |
| Operating profit (loss) | 9901 | €42,219 | €37,314 | -€4,905 | -11.6% |
| Financial income | 75/76B | €765 | €1,774 | +€1,009 | +132% |
| Recurring financial income | 75 | €765 | €1,774 | +€1,009 | +132% |
| Financial charges | 65/66B | €7,132 | €11,295 | +€4,162 | +58.4% |
| Recurring financial charges | 65 | €7,132 | €11,295 | +€4,162 | +58.4% |
| Profit (loss) for the period before taxes | 9903 | €35,851 | €27,793 | -€8,058 | -22.5% |
| Income taxes | 67/77 | €11,685 | €8,605 | -€3,079 | -26.4% |
| Profit (loss) for the period | 9904 | €24,166 | €19,188 | -€4,979 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,166 | €19,188 | -€4,979 | -20.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.