SKYLAB FACTORY: 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.
SKYLAB FACTORY
Largest movements
- Tangible fixed assets -€145,007
down €145,007 (-23.4%), from €619,957 to €474,950
of which Land and buildings: -€128,858
- Receivables within one year +€13,835
up €13,835 (+7.7%), from €179,373 to €193,208
of which Trade receivables: +€125,935
- Debts after one year -€89,303
down €89,303 (-18.2%), from €491,351 to €402,049
- Other debts -€48,657
down €48,657 (-42.9%), from €113,521 to €64,864
- Profit (loss) carried forward -€44,223
down €44,223 (-125%), from -€35,520 to -€79,743
- Trade debts +€39,802
up €39,802 (+103%), from €38,828 to €78,630
- Gross operating margin -€35,366
down €35,366 (-29.1%), from €121,343 to €85,977
- Other operating charges +€14,103
up €14,103 (+38.9%), from €36,265 to €50,368
- Depreciation -€12,035
down €12,035 (-14.7%), from €81,936 to €69,901
- Write-downs +€3,748
up €3,748, from -€3,748 to €0
- Financial charges -€3,704
down €3,704 (-22.5%), from €16,498 to €12,793
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 | €805,867 | €672,249 | -€133,618 | -16.6% |
| Fixed assets | 21/28 | €623,164 | €477,566 | -€145,598 | -23.4% |
| Intangible fixed assets | 21 | €802 | €211 | -€591 | -73.7% |
| Tangible fixed assets | 22/27 | €619,957 | €474,950 | -€145,007 | -23.4% |
| Land and buildings | 22 | €571,542 | €442,684 | -€128,858 | -22.5% |
| Plant, machinery and equipment | 23 | €27,378 | €23,059 | -€4,319 | -15.8% |
| Furniture and vehicles | 24 | €21,036 | €9,206 | -€11,830 | -56.2% |
| Financial fixed assets | 28 | €2,405 | €2,405 | = | 0.0% |
| Current assets | 29/58 | €182,703 | €194,683 | +€11,980 | +6.6% |
| Amounts receivable within one year | 40/41 | €179,373 | €193,208 | +€13,835 | +7.7% |
| Trade receivables | 40 | €34,373 | €160,308 | +€125,935 | +366% |
| Other amounts receivable | 41 | €145,001 | €32,901 | -€112,100 | -77.3% |
| Cash at bank and in hand | 54/58 | €585 | €214 | -€371 | -63.4% |
| Deferred charges and accrued income | 490/1 | €2,744 | €1,261 | -€1,483 | -54.0% |
| Total equity and liabilities | 10/49 | €805,867 | €672,249 | -€133,618 | -16.6% |
| Equity | 10/15 | €41,645 | -€5,634 | -€47,279 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €27,122 | €27,122 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €24,122 | €24,122 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,520 | -€79,743 | -€44,223 | -125% |
| Investment grants | 15 | €20,043 | €16,987 | -€3,056 | -15.2% |
| Amounts payable | 17/49 | €764,222 | €677,883 | -€86,339 | -11.3% |
| Amounts payable after more than one year | 17 | €491,351 | €402,049 | -€89,303 | -18.2% |
| Financial debts | 170/4 | €491,351 | €402,049 | -€89,303 | -18.2% |
| Amounts payable within one year | 42/48 | €252,251 | €258,877 | +€6,626 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €87,704 | €92,698 | +€4,994 | +5.7% |
| Financial debts | 43 | €144 | €4,667 | +€4,522 | +3,133% |
| Credit institutions | 430/8 | €144 | €4,667 | +€4,522 | +3,133% |
| Trade debts | 44 | €38,828 | €78,630 | +€39,802 | +103% |
| Suppliers | 440/4 | €38,828 | €78,630 | +€39,802 | +103% |
| Taxes, remuneration and social security | 45 | €12,053 | €18,018 | +€5,964 | +49.5% |
| Taxes | 450/3 | €12,053 | €18,018 | +€5,964 | +49.5% |
| Other amounts payable | 47/48 | €113,521 | €64,864 | -€48,657 | -42.9% |
| Accrued charges and deferred income | 492/3 | €20,620 | €16,958 | -€3,662 | -17.8% |
| Non-recurring operating income | 76A | - | €16,945 | +€16,945 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,936 | €69,901 | -€12,035 | -14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,748 | €0 | +€3,748 | |
| Other operating charges | 640/8 | €36,265 | €50,368 | +€14,103 | +38.9% |
| Gross operating margin | 9900 | €121,343 | €85,977 | -€35,366 | -29.1% |
| Operating profit (loss) | 9901 | €6,891 | -€34,291 | -€41,182 | |
| Financial income | 75/76B | €3,535 | €3,057 | -€478 | -13.5% |
| Recurring financial income | 75 | €3,535 | €3,057 | -€478 | -13.5% |
| Financial charges | 65/66B | €16,498 | €12,793 | -€3,704 | -22.5% |
| Recurring financial charges | 65 | €16,498 | €12,793 | -€3,704 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,072 | -€44,028 | -€37,956 | -625% |
| Income taxes | 67/77 | €213 | €195 | -€18 | -8.3% |
| Profit (loss) for the period | 9904 | -€6,285 | -€44,223 | -€37,938 | -604% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,285 | -€44,223 | -€37,938 | -604% |
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 24 October 2026 via checked.be.