SKYEBASE: what changed
Two fiscal 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.
SKYEBASE
Largest movements
- Cash -€785,252
down €785,252 (-68.8%), from €1.1m to €356,793
mainly Net result for the year (-€595,549) and Investment in fixed assets (net) (-€528,153)
- Intangible fixed assets +€232,999
up €232,999 (+21.9%), from €1.1m to €1.3m
- Profit (loss) carried forward -€595,549
down €595,549 (-140.9%), from -€422,752 to -€1.0m
- Contributions +€299,305
up €299,305 (+16.6%), from €1.8m to €2.1m
- Debts after one year -€287,498
down €287,498 (-51.2%), from €561,770 to €274,272
- Short-term financial debts +€103,759
up €103,759 (+107.3%), from €96,672 to €200,431
of which Other loans: +€112,168
- Advances received -€64,655
down €64,655 (-95.7%), from €67,570 to €2,915
- Staff costs +€156,256
up €156,256 (+33.1%), from €472,196 to €628,452
- Gross operating margin -€143,550
down €143,550 (-28.6%), from €501,383 to €357,834
- Depreciation +€113,340
up €113,340 (+63.9%), from €177,302 to €290,642
- Financial charges -€36,343
down €36,343 (-52.8%), from €68,768 to €32,425
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.
Cash bridge derived
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 | €2,417,085 | €1,857,658 | -€559,427 | -23.1% |
| Fixed assets | 21/28 | €1,143,244 | €1,380,756 | +€237,511 | +20.8% |
| Intangible fixed assets | 21 | €1,062,740 | €1,295,739 | +€232,999 | +21.9% |
| Tangible fixed assets | 22/27 | €72,105 | €82,017 | +€9,912 | +13.7% |
| Plant, machinery and equipment | 23 | €72,105 | €82,017 | +€9,912 | +13.7% |
| Financial fixed assets | 28 | €8,400 | €3,000 | -€5,400 | -64.3% |
| Current assets | 29/58 | €1,273,841 | €476,903 | -€796,938 | -62.6% |
| Amounts receivable within one year | 40/41 | €124,265 | €109,418 | -€14,847 | -11.9% |
| Trade receivables | 40 | €63,229 | €75,339 | +€12,110 | +19.2% |
| Other amounts receivable | 41 | €61,036 | €34,079 | -€26,957 | -44.2% |
| Cash at bank and in hand | 54/58 | €1,142,045 | €356,793 | -€785,252 | -68.8% |
| Deferred charges and accrued income | 490/1 | €7,531 | €10,692 | +€3,161 | +42.0% |
| Total equity and liabilities | 10/49 | €2,417,085 | €1,857,658 | -€559,427 | -23.1% |
| Equity | 10/15 | €1,384,596 | €1,088,353 | -€296,244 | -21.4% |
| Contributions | 10/11 | €1,807,349 | €2,106,654 | +€299,305 | +16.6% |
| Profit (loss) carried forward | 14 | -€422,752 | -€1,018,301 | -€595,549 | -140.9% |
| Amounts payable | 17/49 | €1,032,489 | €769,306 | -€263,183 | -25.5% |
| Amounts payable after more than one year | 17 | €561,770 | €274,272 | -€287,498 | -51.2% |
| Financial debts | 170/4 | €561,770 | €274,272 | -€287,498 | -51.2% |
| Amounts payable within one year | 42/48 | €464,160 | €490,293 | +€26,134 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €103,957 | €115,531 | +€11,574 | +11.1% |
| Financial debts | 43 | €96,672 | €200,431 | +€103,759 | +107.3% |
| Credit institutions | 430/8 | €8,410 | €0 | -€8,410 | -100.0% |
| Other loans | 439 | €88,262 | €200,431 | +€112,168 | +127.1% |
| Trade debts | 44 | €120,575 | €115,101 | -€5,475 | -4.5% |
| Suppliers | 440/4 | €120,575 | €115,101 | -€5,475 | -4.5% |
| Advances received on contracts in progress | 46 | €67,570 | €2,915 | -€64,655 | -95.7% |
| Taxes, remuneration and social security | 45 | €75,385 | €56,315 | -€19,069 | -25.3% |
| Taxes | 450/3 | €152 | €2,450 | +€2,298 | +1515.7% |
| Remuneration and social security | 454/9 | €75,233 | €53,865 | -€21,368 | -28.4% |
| Accrued charges and deferred income | 492/3 | €6,559 | €4,740 | -€1,819 | -27.7% |
| Remuneration, social security and pensions | 62 | €472,196 | €628,452 | +€156,256 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €177,302 | €290,642 | +€113,340 | +63.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €8,826 | €5,277 | -€3,549 | -40.2% |
| Gross operating margin | 9900 | €501,383 | €357,834 | -€143,550 | -28.6% |
| Operating profit (loss) | 9901 | -€156,940 | -€566,536 | -€409,596 | -261.0% |
| Financial income | 75/76B | €127 | €3,412 | +€3,284 | +2576.4% |
| Recurring financial income | 75 | €127 | €3,412 | +€3,284 | +2576.4% |
| Financial charges | 65/66B | €68,768 | €32,425 | -€36,343 | -52.8% |
| Recurring financial charges | 65 | €68,768 | €32,425 | -€36,343 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | -€225,581 | -€595,549 | -€369,968 | -164.0% |
| Profit (loss) for the period | 9904 | -€225,581 | -€595,549 | -€369,968 | -164.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€225,581 | -€595,549 | -€369,968 | -164.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.