SKYSPAN: 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.
SKYSPAN
Largest movements
- Receivables within one year +€37,539
up €37,539 (+429%), from €8,758 to €46,298
of which Trade receivables: +€34,293
- Tangible fixed assets +€29,500
up €29,500 (+1,559%), from €1,892 to €31,392
of which Furniture and vehicles: +€26,723
- Stocks and contracts +€7,523
up €7,523 (+381%), from €1,977 to €9,500
- Intangible fixed assets +€5,762
new in 2025: €5,762
- Cash -€3,334
down €3,334 (-64.4%), from €5,175 to €1,841
mainly Investment in fixed assets (net) (-€38,885) and Receivables within one year (-€37,539)
- Short-term financial debts +€30,000
new in 2025: €30,000
- Debts after one year +€17,617
new in 2025: €17,617
- Trade debts +€12,774
up €12,774 (+193%), from €6,607 to €19,381
- Other debts +€11,905
up €11,905 (+194%), from €6,121 to €18,026
- Current portion of long-term debt +€6,327
new in 2025: €6,327
- Gross operating margin -€3,063
down €3,063 (-38.5%), from €7,959 to €4,896
- Depreciation +€1,254
up €1,254 (+52.9%), from €2,369 to €3,623
- Financial charges +€1,184
up €1,184 (+3,266%), from €36 to €1,220
- Taxes -€1,066
down €1,066 (-79.0%), from €1,350 to €284
- Other operating charges +€474
new in 2025: €474
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 | €19,282 | €96,577 | +€77,295 | +401% |
| Fixed assets | 21/28 | €1,892 | €37,154 | +€35,262 | +1,864% |
| Intangible fixed assets | 21 | - | €5,762 | +€5,762 | |
| Tangible fixed assets | 22/27 | €1,892 | €31,392 | +€29,500 | +1,559% |
| Plant, machinery and equipment | 23 | €1,892 | €4,669 | +€2,777 | +147% |
| Furniture and vehicles | 24 | - | €26,723 | +€26,723 | |
| Current assets | 29/58 | €17,390 | €59,423 | +€42,033 | +242% |
| Stocks and contracts in progress | 3 | €1,977 | €9,500 | +€7,523 | +381% |
| Stocks | 30/36 | €1,977 | €9,500 | +€7,523 | +381% |
| Amounts receivable within one year | 40/41 | €8,758 | €46,298 | +€37,539 | +429% |
| Trade receivables | 40 | €6,857 | €41,150 | +€34,293 | +500% |
| Other amounts receivable | 41 | €1,901 | €5,147 | +€3,246 | +171% |
| Cash at bank and in hand | 54/58 | €5,175 | €1,841 | -€3,334 | -64.4% |
| Deferred charges and accrued income | 490/1 | €1,480 | €1,785 | +€304 | +20.6% |
| Total equity and liabilities | 10/49 | €19,282 | €96,577 | +€77,295 | +401% |
| Equity | 10/15 | €5,204 | €4,538 | -€666 | -12.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,204 | €3,538 | -€666 | -15.8% |
| Amounts payable | 17/49 | €14,079 | €92,039 | +€77,960 | +554% |
| Amounts payable after more than one year | 17 | - | €17,617 | +€17,617 | |
| Financial debts | 170/4 | - | €17,617 | +€17,617 | |
| Amounts payable within one year | 42/48 | €14,079 | €74,017 | +€59,939 | +426% |
| Current portion of amounts payable after more than one year | 42 | - | €6,327 | +€6,327 | |
| Financial debts | 43 | - | €30,000 | +€30,000 | |
| Credit institutions | 430/8 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €6,607 | €19,381 | +€12,774 | +193% |
| Suppliers | 440/4 | €6,607 | €19,381 | +€12,774 | +193% |
| Taxes, remuneration and social security | 45 | €1,350 | €284 | -€1,066 | -79.0% |
| Taxes | 450/3 | €1,350 | €284 | -€1,066 | -79.0% |
| Other amounts payable | 47/48 | €6,121 | €18,026 | +€11,905 | +194% |
| Accrued charges and deferred income | 492/3 | - | €405 | +€405 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,369 | €3,623 | +€1,254 | +52.9% |
| Other operating charges | 640/8 | - | €474 | +€474 | |
| Gross operating margin | 9900 | €7,959 | €4,896 | -€3,063 | -38.5% |
| Operating profit (loss) | 9901 | €5,590 | €799 | -€4,791 | -85.7% |
| Financial income | 75/76B | €0 | €40 | +€40 | +13,233% |
| Recurring financial income | 75 | €0 | €40 | +€40 | +13,233% |
| Financial charges | 65/66B | €36 | €1,220 | +€1,184 | +3,266% |
| Recurring financial charges | 65 | €36 | €1,220 | +€1,184 | +3,266% |
| Profit (loss) for the period before taxes | 9903 | €5,554 | -€382 | -€5,936 | |
| Income taxes | 67/77 | €1,350 | €284 | -€1,066 | -79.0% |
| Profit (loss) for the period | 9904 | €4,204 | -€666 | -€4,869 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,204 | -€666 | -€4,869 |
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 28 October 2026 via checked.be.