SKYFARMS: 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.
SKYFARMS
Largest movements
- Receivables within one year -€49,384
down €49,384 (-53.9%), from €91,655 to €42,271
of which Trade receivables: -€44,487
- Cash +€10,539
up €10,539 (+46.8%), from €22,513 to €33,052
mainly Receivables within one year (+€49,384) and Net result for the year (+€10,743)
- Stocks and contracts +€3,835
up €3,835 (+75.6%), from €5,070 to €8,905
- Trade debts -€47,278
down €47,278 (-91.4%), from €51,733 to €4,455
- Reserves +€9,927
up €9,927 (+226%), from €4,400 to €14,327
- Other debts -€2,234
down €2,234 (-13.6%), from €16,420 to €14,185
- Tax, wage and social debts +€2,103
up €2,103 (+25.2%), from €8,333 to €10,435
of which Taxes: +€3,373
- Gross operating margin -€38,373
down €38,373 (-59.2%), from €64,809 to €26,436
- Staff costs -€25,699
down €25,699 (-72.7%), from €35,329 to €9,631
- Taxes +€3,930
up €3,930 (+698%), from €563 to €4,494
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 | €124,444 | €88,422 | -€36,022 | -28.9% |
| Fixed assets | 21/28 | €4,449 | €4,194 | -€254 | -5.7% |
| Tangible fixed assets | 22/27 | €931 | €977 | +€46 | +4.9% |
| Furniture and vehicles | 24 | €931 | €977 | +€46 | +4.9% |
| Financial fixed assets | 28 | €3,517 | €3,217 | -€300 | -8.5% |
| Current assets | 29/58 | €119,996 | €84,228 | -€35,768 | -29.8% |
| Stocks and contracts in progress | 3 | €5,070 | €8,905 | +€3,835 | +75.6% |
| Stocks | 30/36 | €5,070 | €8,905 | +€3,835 | +75.6% |
| Amounts receivable within one year | 40/41 | €91,655 | €42,271 | -€49,384 | -53.9% |
| Trade receivables | 40 | €86,758 | €42,271 | -€44,487 | -51.3% |
| Other amounts receivable | 41 | €4,897 | - | -€4,897 | |
| Cash at bank and in hand | 54/58 | €22,513 | €33,052 | +€10,539 | +46.8% |
| Deferred charges and accrued income | 490/1 | €758 | - | -€758 | |
| Total equity and liabilities | 10/49 | €124,444 | €88,422 | -€36,022 | -28.9% |
| Equity | 10/15 | €47,584 | €58,327 | +€10,743 | +22.6% |
| Contributions | 10/11 | €44,000 | €44,000 | = | 0.0% |
| Reserves | 13 | €4,400 | €14,327 | +€9,927 | +226% |
| Distributable reserves | 133 | €4,400 | €14,327 | +€9,927 | +226% |
| Profit (loss) carried forward | 14 | -€816 | - | +€816 | |
| Amounts payable | 17/49 | €76,860 | €30,095 | -€46,765 | -60.8% |
| Amounts payable within one year | 42/48 | €76,860 | €30,095 | -€46,765 | -60.8% |
| Financial debts | 43 | €375 | €1,020 | +€645 | +172% |
| Credit institutions | 430/8 | €375 | €1,020 | +€645 | +172% |
| Trade debts | 44 | €51,733 | €4,455 | -€47,278 | -91.4% |
| Suppliers | 440/4 | €51,733 | €4,455 | -€47,278 | -91.4% |
| Taxes, remuneration and social security | 45 | €8,333 | €10,435 | +€2,103 | +25.2% |
| Taxes | 450/3 | €7,060 | €10,433 | +€3,373 | +47.8% |
| Remuneration and social security | 454/9 | €1,273 | €2 | -€1,270 | -99.8% |
| Other amounts payable | 47/48 | €16,420 | €14,185 | -€2,234 | -13.6% |
| Remuneration, social security and pensions | 62 | €35,329 | €9,631 | -€25,699 | -72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €685 | €796 | +€111 | +16.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | -€58 | - | +€58 | |
| Gross operating margin | 9900 | €64,809 | €26,436 | -€38,373 | -59.2% |
| Operating profit (loss) | 9901 | €28,465 | €15,609 | -€12,855 | -45.2% |
| Financial income | 75/76B | €10 | €5 | -€5 | -50.1% |
| Recurring financial income | 75 | €10 | €5 | -€5 | -50.1% |
| Financial charges | 65/66B | €254 | €378 | +€124 | +49.1% |
| Recurring financial charges | 65 | €254 | €378 | +€124 | +49.1% |
| Profit (loss) for the period before taxes | 9903 | €28,221 | €15,236 | -€12,985 | -46.0% |
| Income taxes | 67/77 | €563 | €4,494 | +€3,930 | +698% |
| Profit (loss) for the period | 9904 | €27,658 | €10,743 | -€16,915 | -61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,658 | €10,743 | -€16,915 | -61.2% |
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 25 October 2026 via checked.be.