SKYER: 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.
SKYER
Largest movements
- Cash +€19,148
up €19,148 (+467.7%), from €4,094 to €23,242
mainly Debts after one year (+€123,392) and Net result for the year (+€48,812)
- Receivables within one year -€16,120
down €16,120 (-47.1%), from €34,246 to €18,125
of which Trade receivables: -€9,730
- Tangible fixed assets -€13,764
down €13,764 (-4.3%), from €320,221 to €306,457
of which Land and buildings: -€12,337
- Other debts -€131,628
down €131,628 (-54.7%), from €240,775 to €109,147
- Debts after one year +€123,392
up €123,392 (+63.7%), from €193,761 to €317,153
of which Other amounts payable: +€150,000
- Gross operating margin +€6,873
up €6,873 (+7.7%), from €89,277 to €96,149
- Financial charges -€3,456
down €3,456 (-21.9%), from €15,760 to €12,304
- Taxes +€2,718
up €2,718 (+17.3%), from €15,706 to €18,423
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 | €561,782 | €551,708 | -€10,075 | -1.8% |
| Fixed assets | 21/28 | €517,675 | €503,911 | -€13,764 | -2.7% |
| Tangible fixed assets | 22/27 | €320,221 | €306,457 | -€13,764 | -4.3% |
| Land and buildings | 22 | €310,285 | €297,948 | -€12,337 | -4.0% |
| Plant, machinery and equipment | 23 | €4,070 | €2,696 | -€1,373 | -33.7% |
| Furniture and vehicles | 24 | €5,867 | €5,813 | -€54 | -0.9% |
| Financial fixed assets | 28 | €197,454 | €197,454 | = | 0.0% |
| Current assets | 29/58 | €44,107 | €47,796 | +€3,689 | +8.4% |
| Amounts receivable within one year | 40/41 | €34,246 | €18,125 | -€16,120 | -47.1% |
| Trade receivables | 40 | €26,004 | €16,274 | -€9,730 | -37.4% |
| Other amounts receivable | 41 | €8,242 | €1,851 | -€6,391 | -77.5% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,094 | €23,242 | +€19,148 | +467.7% |
| Deferred charges and accrued income | 490/1 | €767 | €1,429 | +€662 | +86.2% |
| Total equity and liabilities | 10/49 | €561,782 | €551,708 | -€10,075 | -1.8% |
| Equity | 10/15 | €92,521 | €92,521 | = | 0.0% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €32,521 | €32,521 | = | 0.0% |
| Distributable reserves | 133 | €32,521 | €32,521 | = | 0.0% |
| Amounts payable | 17/49 | €469,261 | €459,187 | -€10,075 | -2.1% |
| Amounts payable after more than one year | 17 | €193,761 | €317,153 | +€123,392 | +63.7% |
| Financial debts | 170/4 | €193,761 | €167,153 | -€26,608 | -13.7% |
| Other amounts payable | 178/9 | - | €150,000 | +€150,000 | |
| Amounts payable within one year | 42/48 | €275,135 | €141,651 | -€133,484 | -48.5% |
| Current portion of amounts payable after more than one year | 42 | €27,125 | €26,608 | -€517 | -1.9% |
| Trade debts | 44 | €2,355 | €848 | -€1,507 | -64.0% |
| Suppliers | 440/4 | €2,355 | €848 | -€1,507 | -64.0% |
| Taxes, remuneration and social security | 45 | €4,880 | €5,048 | +€168 | +3.4% |
| Taxes | 450/3 | €4,880 | €5,048 | +€168 | +3.4% |
| Other amounts payable | 47/48 | €240,775 | €109,147 | -€131,628 | -54.7% |
| Accrued charges and deferred income | 492/3 | €365 | €383 | +€18 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,677 | €15,023 | +€345 | +2.4% |
| Other operating charges | 640/8 | €770 | €1,662 | +€891 | +115.7% |
| Gross operating margin | 9900 | €89,277 | €96,149 | +€6,873 | +7.7% |
| Operating profit (loss) | 9901 | €73,829 | €79,465 | +€5,636 | +7.6% |
| Financial income | 75/76B | €75 | €75 | +€0 | +0.6% |
| Recurring financial income | 75 | €75 | €75 | +€0 | +0.6% |
| Financial charges | 65/66B | €15,760 | €12,304 | -€3,456 | -21.9% |
| Recurring financial charges | 65 | €15,760 | €12,304 | -€3,456 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €58,144 | €67,236 | +€9,092 | +15.6% |
| Income taxes | 67/77 | €15,706 | €18,423 | +€2,718 | +17.3% |
| Profit (loss) for the period | 9904 | €42,438 | €48,812 | +€6,374 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,438 | €48,812 | +€6,374 | +15.0% |
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 7 October 2026 via checked.be.