SKYROAD DEVELOPMENT: 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.
SKYROAD DEVELOPMENT
Largest movements
- Tangible fixed assets -€612,995
down €612,995 (-14.5%), from €4.2m to €3.6m
- Cash +€260,315
up €260,315 (+4444.9%), from €5,856 to €266,172
mainly Short-term financial debts (+€3.0m) and Investment in fixed assets (net) (+€440,000)
- Short-term financial debts +€3.0m
new in 2025: €3.0m
- Debts after one year -€2.6m
down €2.6m (-32.7%), from €8.0m to €5.4m
- Profit (loss) carried forward -€807,592
down €807,592 (-19.8%), from -€4.1m to -€4.9m
- Trade debts +€78,975
up €78,975 (+264.6%), from €29,851 to €108,826
- Gross operating margin +€224,588
up €224,588 (+336.0%), from €66,837 to €291,425
- Financial charges -€14,477
down €14,477 (-3.0%), from €490,513 to €476,035
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 | €4,248,992 | €3,911,196 | -€337,796 | -8.0% |
| Fixed assets | 21/28 | €4,213,383 | €3,600,388 | -€612,995 | -14.5% |
| Tangible fixed assets | 22/27 | €4,213,383 | €3,600,388 | -€612,995 | -14.5% |
| Land and buildings | 22 | €4,213,383 | €3,600,388 | -€612,995 | -14.5% |
| Current assets | 29/58 | €35,609 | €310,808 | +€275,199 | +772.8% |
| Amounts receivable within one year | 40/41 | - | €18,026 | +€18,026 | |
| Trade receivables | 40 | - | €18,026 | +€18,026 | |
| Cash at bank and in hand | 54/58 | €5,856 | €266,172 | +€260,315 | +4444.9% |
| Deferred charges and accrued income | 490/1 | €29,753 | €26,611 | -€3,142 | -10.6% |
| Total equity and liabilities | 10/49 | €4,248,992 | €3,911,196 | -€337,796 | -8.0% |
| Equity | 10/15 | -€3,773,008 | -€4,580,600 | -€807,592 | -21.4% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,073,008 | -€4,880,600 | -€807,592 | -19.8% |
| Amounts payable | 17/49 | €8,022,000 | €8,491,796 | +€469,796 | +5.9% |
| Amounts payable after more than one year | 17 | €7,963,117 | €5,362,466 | -€2.6m | -32.7% |
| Financial debts | 170/4 | €7,963,117 | €5,362,466 | -€2.6m | -32.7% |
| Amounts payable within one year | 42/48 | €29,851 | €3,108,826 | +€3.1m | +10314.6% |
| Financial debts | 43 | - | €3,000,000 | +€3.0m | |
| Credit institutions | 430/8 | - | €3,000,000 | +€3.0m | |
| Trade debts | 44 | €29,851 | €108,826 | +€78,975 | +264.6% |
| Suppliers | 440/4 | €29,851 | €108,826 | +€78,975 | +264.6% |
| Accrued charges and deferred income | 492/3 | €29,033 | €20,504 | -€8,529 | -29.4% |
| Non-recurring operating income | 76A | - | €234,850 | +€234,850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,995 | €172,995 | = | 0.0% |
| Other operating charges | 640/8 | €10,665 | €9,987 | -€677 | -6.4% |
| Non-recurring operating charges | 66A | €440,000 | €440,000 | = | 0.0% |
| Gross operating margin | 9900 | €66,837 | €291,425 | +€224,588 | +336.0% |
| Operating profit (loss) | 9901 | -€556,822 | -€331,557 | +€225,265 | +40.5% |
| Financial charges | 65/66B | €490,513 | €476,035 | -€14,477 | -3.0% |
| Recurring financial charges | 65 | €490,513 | €476,035 | -€14,477 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,047,335 | -€807,592 | +€239,743 | +22.9% |
| Profit (loss) for the period | 9904 | -€1,047,335 | -€807,592 | +€239,743 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,047,335 | -€807,592 | +€239,743 | +22.9% |
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.