SKYLEAF: 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.
What changed
SKYLEAF
NACE 70.100, Activities of head offices
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €130,665+€1.6m
Equity
€48.9m
2024 · €47.2m+€1.7m
Cash
€490,733
2024 · €782,007-€291,274
Balance sheet total
€49.4m
2024 · €47.6m+€1.9m
Largest movements
Assets
- Receivables within one year +€2.4m
up €2.4m (+784%), from €309,154 to €2.7m
of which Other amounts receivable: +€2.0m
Equity and liabilities
- Profit (loss) carried forward +€1.7m
up €1.7m (+76.7%), from €2.2m to €3.9m
Income statement
- Financial income +€2.7m
up €2.7m (+4,877%), from €54,795 to €2.7m
of which Financial income: +€2.0m
- Financial charges +€1.1m
up €1.1m (+37,575%), from €2,951 to €1.1m
of which Non-recurring financial charges: +€1.1m
- Services and other goods +€427,572
up €427,572 (+63.8%), from €669,837 to €1.1m
- Turnover +€339,728
up €339,728 (+23.9%), from €1.4m to €1.8m
- Taxes -€50,215
down €50,215 (-96.5%), from €52,014 to €1,799
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.
Result 2024
€130,665
Turnover
+€339,728
Other operating income
+€959
Goods and materials
+€17,456
Services and other goods
-€427,572
Staff costs
+€30,555
Depreciation
+€404
Other operating charges
+€65
Financial income
+€2.7m
Financial charges
-€1.1m
Taxes
+€50,215
Result 2025
€1.7m
raises the resultlowers the result
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.
From operations
-€386,020
Investment
+€108,775
Financing
-€14,029
Cash 2024
€782,007
From operations (derived)
-€386,020
Net result for the year
+€1.7m
Depreciation
+€131,007
Receivables within one year
-€2.4m
Deferred charges and accrued income
+€30,687
Trade debts
+€210,169
Tax, wage and social debts
-€39,319
Investment (derived)
+€108,775
Investment in fixed assets (net)
+€108,775
Financing
-€14,029
Current portion of long-term debt
-€14,029
Cash 2025
€490,733
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,582,474 | €49,445,069 | +€1.9m | +3.9% |
| Fixed assets | 21/28 | €46,371,973 | €46,132,192 | -€239,781 | -0.5% |
| Intangible fixed assets | 21 | €286,000 | €157,390 | -€128,610 | -45.0% |
| Tangible fixed assets | 22/27 | €4,187 | €1,791 | -€2,396 | -57.2% |
| Furniture and vehicles | 24 | €4,187 | €1,791 | -€2,396 | -57.2% |
| Financial fixed assets | 28 | €46,081,786 | €45,973,011 | -€108,775 | -0.2% |
| Affiliated companies | 280/1 | €46,081,786 | €45,973,011 | -€108,775 | -0.2% |
| Participating interests | 280 | €45,510,000 | €45,475,000 | -€35,000 | -0.1% |
| Amounts receivable | 281 | €571,786 | €498,011 | -€73,775 | -12.9% |
| Current assets | 29/58 | €1,210,501 | €3,312,877 | +€2.1m | +174% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €309,154 | €2,733,491 | +€2.4m | +784% |
| Trade receivables | 40 | €300,154 | €724,803 | +€424,649 | +141% |
| Other amounts receivable | 41 | €9,000 | €2,008,688 | +€2.0m | +22,219% |
| Cash at bank and in hand | 54/58 | €782,007 | €490,733 | -€291,274 | -37.2% |
| Deferred charges and accrued income | 490/1 | €119,340 | €88,653 | -€30,687 | -25.7% |
| Total equity and liabilities | 10/49 | €47,582,474 | €49,445,069 | +€1.9m | +3.9% |
| Equity | 10/15 | €47,233,030 | €48,938,803 | +€1.7m | +3.6% |
| Contributions | 10/11 | €45,010,000 | €45,010,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,223,030 | €3,928,803 | +€1.7m | +76.7% |
| Amounts payable | 17/49 | €349,444 | €506,266 | +€156,821 | +44.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €349,444 | €506,266 | +€156,821 | +44.9% |
| Current portion of amounts payable after more than one year | 42 | €14,029 | €0 | -€14,029 | -100% |
| Trade debts | 44 | €156,408 | €366,577 | +€210,169 | +134% |
| Suppliers | 440/4 | €156,408 | €366,577 | +€210,169 | +134% |
| Taxes, remuneration and social security | 45 | €179,007 | €139,689 | -€39,319 | -22.0% |
| Taxes | 450/3 | €81,700 | €52,047 | -€29,654 | -36.3% |
| Remuneration and social security | 454/9 | €97,307 | €87,642 | -€9,665 | -9.9% |
| Operating income | 70/76A | €1,420,817 | €1,761,505 | +€340,687 | +24.0% |
| Turnover | 70 | €1,419,664 | €1,759,392 | +€339,728 | +23.9% |
| Other operating income | 74 | €1,154 | €2,113 | +€959 | +83.1% |
| Operating charges | 60/66A | €1,289,982 | €1,669,073 | +€379,091 | +29.4% |
| Goods for resale, raw materials and consumables | 60 | €62,038 | €44,581 | -€17,456 | -28.1% |
| Purchases | 600/8 | €62,038 | €44,581 | -€17,456 | -28.1% |
| Services and other goods | 61 | €669,837 | €1,097,409 | +€427,572 | +63.8% |
| Remuneration, social security and pensions | 62 | €425,389 | €394,834 | -€30,555 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,411 | €131,007 | -€404 | -0.3% |
| Other operating charges | 640/8 | €1,308 | €1,243 | -€65 | -5.0% |
| Operating profit (loss) | 9901 | €130,835 | €92,432 | -€38,404 | -29.4% |
| Financial income | 75/76B | €54,795 | €2,727,092 | +€2.7m | +4,877% |
| Recurring financial income | 75 | €54,795 | €2,012,331 | +€2.0m | +3,572% |
| Income from financial fixed assets | 750 | €0 | €2,000,000 | +€2.0m | |
| Income from current assets | 751 | €26,279 | €12,331 | -€13,948 | -53.1% |
| Other financial income | 752/9 | €28,516 | €0 | -€28,516 | -100% |
| Non-recurring financial income | 76B | - | €714,761 | +€714,761 | |
| Financial charges | 65/66B | €2,951 | €1,111,951 | +€1.1m | +37,575% |
| Recurring financial charges | 65 | €2,951 | €51,234 | +€48,282 | +1,636% |
| Debt charges | 650 | €1,172 | €0 | -€1,172 | -100% |
| Other financial charges | 652/9 | €1,780 | €51,234 | +€49,454 | +2,779% |
| Non-recurring financial charges | 66B | €0 | €1,060,717 | +€1.1m | |
| Profit (loss) for the period before taxes | 9903 | €182,679 | €1,707,573 | +€1.5m | +835% |
| Income taxes | 67/77 | €52,014 | €1,799 | -€50,215 | -96.5% |
| Taxes | 670/3 | €52,014 | €1,799 | -€50,215 | -96.5% |
| Profit (loss) for the period | 9904 | €130,665 | €1,705,774 | +€1.6m | +1,205% |
| Profit (loss) for the period to be appropriated | 9905 | €130,665 | €1,705,774 | +€1.6m | +1,205% |
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 19 October 2026 via checked.be.