SKYSUN: 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.
SKYSUN
Largest movements
- Tangible fixed assets -€198,121
down €198,121 (-16.6%), from €1.2m to €995,667
of which Plant, machinery and equipment: -€166,844
- Receivables within one year +€39,233
up €39,233 (+6.6%), from €596,184 to €635,416
of which Other amounts receivable: +€98,431
- Current investments +€27,030
up €27,030 (+195%), from €13,843 to €40,873
- Other debts +€1.9m
up €1.9m (+119%), from €1.6m to €3.5m
- Profit (loss) carried forward -€1.7m
down €1.7m (-115%), from -€1.5m to -€3.2m
- Debts after one year -€258,284
down €258,284 (-20.1%), from €1.3m to €1.0m
- Trade debts -€122,587
down €122,587 (-27.2%), from €450,462 to €327,874
- Tax, wage and social debts +€30,906
up €30,906 (+35.9%), from €86,145 to €117,051
of which Taxes: +€15,466
- Gross operating margin -€168,145
down €168,145 (-27.0%), from -€622,836 to -€790,981
- Staff costs +€88,004
up €88,004 (+15.9%), from €555,186 to €643,190
- Depreciation -€53,247
down €53,247 (-19.0%), from €280,472 to €227,225
- Financial charges -€15,385
down €15,385 (-32.4%), from €47,423 to €32,038
- Other operating charges +€12,516
up €12,516 (+622%), from €2,011 to €14,527
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 | €2,619,200 | €2,472,713 | -€146,486 | -5.6% |
| Fixed assets | 21/28 | €1,821,799 | €1,623,504 | -€198,296 | -10.9% |
| Tangible fixed assets | 22/27 | €1,193,787 | €995,667 | -€198,121 | -16.6% |
| Plant, machinery and equipment | 23 | €1,123,689 | €956,845 | -€166,844 | -14.8% |
| Furniture and vehicles | 24 | €69,417 | €36,323 | -€33,094 | -47.7% |
| Other tangible fixed assets | 26 | €681 | €596 | -€85 | -12.5% |
| Assets under construction and advance payments | 27 | - | €1,903 | +€1,903 | |
| Financial fixed assets | 28 | €628,012 | €627,837 | -€175 | 0.0% |
| Current assets | 29/58 | €797,401 | €849,210 | +€51,809 | +6.5% |
| Amounts receivable within one year | 40/41 | €596,184 | €635,416 | +€39,233 | +6.6% |
| Trade receivables | 40 | €360,487 | €301,289 | -€59,198 | -16.4% |
| Other amounts receivable | 41 | €235,697 | €334,128 | +€98,431 | +41.8% |
| Current investments | 50/53 | €13,843 | €40,873 | +€27,030 | +195% |
| Cash at bank and in hand | 54/58 | €141,746 | €153,058 | +€11,312 | +8.0% |
| Deferred charges and accrued income | 490/1 | €45,628 | €19,862 | -€25,765 | -56.5% |
| Total equity and liabilities | 10/49 | €2,619,200 | €2,472,713 | -€146,486 | -5.6% |
| Equity | 10/15 | -€1,096,284 | -€2,803,738 | -€1.7m | -156% |
| Contributions | 10/11 | €278,600 | €278,600 | = | 0.0% |
| Capital | 10 | €278,600 | €278,600 | = | 0.0% |
| Issued capital | 100 | €278,600 | €278,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €0 | = | |
| Other | 1109/19 | - | €0 | = | |
| Profit (loss) carried forward | 14 | -€1,473,778 | -€3,167,105 | -€1.7m | -115% |
| Investment grants | 15 | €98,894 | €84,766 | -€14,128 | -14.3% |
| Amounts payable | 17/49 | €3,715,484 | €5,276,452 | +€1.6m | +42.0% |
| Amounts payable after more than one year | 17 | €1,285,833 | €1,027,549 | -€258,284 | -20.1% |
| Financial debts | 170/4 | €1,285,833 | €1,027,549 | -€258,284 | -20.1% |
| Amounts payable within one year | 42/48 | €2,426,896 | €4,246,909 | +€1.8m | +75.0% |
| Current portion of amounts payable after more than one year | 42 | €275,392 | €257,328 | -€18,064 | -6.6% |
| Trade debts | 44 | €450,462 | €327,874 | -€122,587 | -27.2% |
| Suppliers | 440/4 | €450,462 | €327,874 | -€122,587 | -27.2% |
| Taxes, remuneration and social security | 45 | €86,145 | €117,051 | +€30,906 | +35.9% |
| Taxes | 450/3 | €9,662 | €25,127 | +€15,466 | +160% |
| Remuneration and social security | 454/9 | €76,483 | €91,923 | +€15,440 | +20.2% |
| Other amounts payable | 47/48 | €1,614,897 | €3,544,656 | +€1.9m | +119% |
| Accrued charges and deferred income | 492/3 | €2,755 | €1,993 | -€762 | -27.6% |
| Remuneration, social security and pensions | 62 | €555,186 | €643,190 | +€88,004 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280,472 | €227,225 | -€53,247 | -19.0% |
| Other operating charges | 640/8 | €2,011 | €14,527 | +€12,516 | +622% |
| Non-recurring operating charges | 66A | €300 | €0 | -€300 | -100% |
| Gross operating margin | 9900 | -€622,836 | -€790,981 | -€168,145 | -27.0% |
| Operating profit (loss) | 9901 | -€1,460,805 | -€1,675,923 | -€215,118 | -14.7% |
| Financial income | 75/76B | €15,526 | €14,786 | -€740 | -4.8% |
| Recurring financial income | 75 | €15,526 | €14,786 | -€740 | -4.8% |
| Financial charges | 65/66B | €47,423 | €32,038 | -€15,385 | -32.4% |
| Recurring financial charges | 65 | €47,423 | €32,038 | -€15,385 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,492,701 | -€1,693,174 | -€200,473 | -13.4% |
| Income taxes | 67/77 | €175 | €152 | -€23 | -13.2% |
| Profit (loss) for the period | 9904 | -€1,492,877 | -€1,693,326 | -€200,450 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,492,877 | -€1,693,326 | -€200,450 | -13.4% |
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 17 October 2026 via checked.be.