SKYFOR: 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.
SKYFOR
Largest movements
- Cash -€11,024
down €11,024 (-27.6%), from €39,930 to €28,906
mainly Debts after one year (-€20,646) and Trade debts (-€3,068)
- Tangible fixed assets -€6,496
down €6,496 (-3.1%), from €209,434 to €202,938
of which Land and buildings: -€6,061
- Debts after one year -€20,646
down €20,646 (-20.6%), from €100,238 to €79,591
- Trade debts -€3,068
down €3,068 (-100.0%), from €3,068 to €0
- Accrued charges and deferred income +€3,033
new in 2025: €3,033
- Gross operating margin +€10,602
up €10,602, from -€84 to €10,518
- Other operating charges -€1,374
down €1,374 (-60.8%), from €2,261 to €887
- Financial charges -€561
down €561 (-19.4%), from €2,894 to €2,333
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 | €251,290 | €231,843 | -€19,447 | -7.7% |
| Fixed assets | 21/28 | €209,434 | €202,938 | -€6,496 | -3.1% |
| Tangible fixed assets | 22/27 | €209,434 | €202,938 | -€6,496 | -3.1% |
| Land and buildings | 22 | €208,836 | €202,776 | -€6,061 | -2.9% |
| Plant, machinery and equipment | 23 | €363 | €162 | -€201 | -55.4% |
| Furniture and vehicles | 24 | €235 | €0 | -€235 | -100.0% |
| Current assets | 29/58 | €41,856 | €28,906 | -€12,950 | -30.9% |
| Amounts receivable within one year | 40/41 | €1,926 | €0 | -€1,926 | -100.0% |
| Trade receivables | 40 | €454 | €0 | -€454 | -100.0% |
| Other amounts receivable | 41 | €1,473 | €0 | -€1,473 | -100.0% |
| Cash at bank and in hand | 54/58 | €39,930 | €28,906 | -€11,024 | -27.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €251,290 | €231,843 | -€19,447 | -7.7% |
| Equity | 10/15 | €125,748 | €126,590 | +€842 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €107,148 | €107,990 | +€842 | +0.8% |
| Distributable reserves | 133 | €107,148 | €107,990 | +€842 | +0.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €125,542 | €105,253 | -€20,289 | -16.2% |
| Amounts payable after more than one year | 17 | €100,238 | €79,591 | -€20,646 | -20.6% |
| Financial debts | 170/4 | €100,238 | €79,591 | -€20,646 | -20.6% |
| Amounts payable within one year | 42/48 | €25,304 | €22,629 | -€2,675 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €20,289 | €20,646 | +€357 | +1.8% |
| Trade debts | 44 | €3,068 | €0 | -€3,068 | -100.0% |
| Suppliers | 440/4 | €3,068 | €0 | -€3,068 | -100.0% |
| Taxes, remuneration and social security | 45 | €100 | €146 | +€47 | +47.0% |
| Taxes | 450/3 | €100 | €146 | +€47 | +47.0% |
| Other amounts payable | 47/48 | €1,847 | €1,836 | -€11 | -0.6% |
| Accrued charges and deferred income | 492/3 | - | €3,033 | +€3,033 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,592 | €6,496 | -€95 | -1.4% |
| Other operating charges | 640/8 | €2,261 | €887 | -€1,374 | -60.8% |
| Gross operating margin | 9900 | -€84 | €10,518 | +€10,602 | |
| Operating profit (loss) | 9901 | -€8,937 | €3,134 | +€12,071 | |
| Financial income | 75/76B | €147 | €125 | -€22 | -15.0% |
| Recurring financial income | 75 | €147 | €125 | -€22 | -15.0% |
| Financial charges | 65/66B | €2,894 | €2,333 | -€561 | -19.4% |
| Recurring financial charges | 65 | €2,894 | €2,333 | -€561 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,684 | €926 | +€12,611 | |
| Income taxes | 67/77 | €144 | €84 | -€59 | -41.4% |
| Profit (loss) for the period | 9904 | -€11,828 | €842 | +€12,670 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,828 | €842 | +€12,670 |
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 1 October 2026 via checked.be.