SKYSUN 2: what changed
What changed
SKYSUN 2
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
filed annual accounts (NBB)
Net result for the year
€133,927
2024 · €11,386+€122,541
Equity
€794,564
2024 · €660,637+€133,927
Cash
€114,487
2024 · €295,919-€181,432
Balance sheet total
€8.6m
2024 · €7.7m+€875,245
Largest movements
Assets
- Receivables within one year +€720,148
up €720,148 (+197%), from €365,857 to €1.1m
of which Other amounts receivable: +€721,080
- Tangible fixed assets +€318,067
up €318,067 (+4.6%), from €6.9m to €7.2m
of which Plant, machinery and equipment: +€2.3m
- Cash -€181,432
down €181,432 (-61.3%), from €295,919 to €114,487
mainly Investment in fixed assets (net) (-€993,560) and Receivables within one year (-€720,148)
Equity and liabilities
- Other debts +€690,041
up €690,041 (+194%), from €355,839 to €1.0m
- Debts after one year -€284,448
down €284,448 (-5.0%), from €5.7m to €5.5m
of which Financial debts: -€284,448
- Trade debts +€279,555
up €279,555 (+214%), from €130,364 to €409,919
- Profit (loss) carried forward +€133,927
up €133,927 (+408%), from €32,800 to €166,727
Income statement
- Gross operating margin +€381,879
up €381,879 (+50.6%), from €755,177 to €1.1m
- Depreciation +€164,963
up €164,963 (+31.8%), from €519,339 to €684,302
- Financial charges +€88,364
up €88,364 (+39.6%), from €222,972 to €311,336
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€11,386
Gross operating margin
+€381,879
Depreciation
-€164,963
Write-downs
-€7,691
Other operating charges
+€1,440
Financial income
+€323
Financial charges
-€88,364
Taxes
-€83
Result 2025
€133,927
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.1m
Investment
-€993,560
Financing
-€250,384
Cash 2024
€295,919
From operations (derived)
+€1.1m
Net result for the year
+€133,927
Depreciation
+€684,302
Stocks and contracts
-€11,635
Receivables within one year
-€720,148
Deferred charges and accrued income
-€15,637
Trade debts
+€279,555
Tax, wage and social debts
+€34,291
Other debts
+€690,041
Accrued charges and deferred income
-€12,185
Investment (derived)
-€993,560
Investment in fixed assets (net)
-€993,560
Financing
-€250,384
Debts after one year
-€284,448
Current portion of long-term debt
+€34,064
Cash 2025
€114,487
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,685,512 | €8,560,757 | +€875,245 | +11.4% |
| Fixed assets | 21/28 | €7,018,286 | €7,327,543 | +€309,257 | +4.4% |
| Intangible fixed assets | 21 | €3,465 | €0 | -€3,465 | -100% |
| Tangible fixed assets | 22/27 | €6,896,046 | €7,214,113 | +€318,067 | +4.6% |
| Plant, machinery and equipment | 23 | €4,344,595 | €6,613,344 | +€2.3m | +52.2% |
| Assets under construction and advance payments | 27 | €2,551,451 | €600,769 | -€2.0m | -76.5% |
| Financial fixed assets | 28 | €118,775 | €113,430 | -€5,346 | -4.5% |
| Current assets | 29/58 | €667,227 | €1,233,215 | +€565,988 | +84.8% |
| Stocks and contracts in progress | 3 | €3,175 | €14,810 | +€11,635 | +366% |
| Stocks | 30/36 | €3,175 | €14,810 | +€11,635 | +366% |
| Amounts receivable within one year | 40/41 | €365,857 | €1,086,005 | +€720,148 | +197% |
| Trade receivables | 40 | €357,714 | €356,782 | -€932 | -0.3% |
| Other amounts receivable | 41 | €8,144 | €729,224 | +€721,080 | +8,855% |
| Cash at bank and in hand | 54/58 | €295,919 | €114,487 | -€181,432 | -61.3% |
| Deferred charges and accrued income | 490/1 | €2,275 | €17,912 | +€15,637 | +687% |
| Total equity and liabilities | 10/49 | €7,685,512 | €8,560,757 | +€875,245 | +11.4% |
| Equity | 10/15 | €660,637 | €794,564 | +€133,927 | +20.3% |
| Contributions | 10/11 | €627,837 | €627,837 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,800 | €166,727 | +€133,927 | +408% |
| Amounts payable | 17/49 | €7,024,876 | €7,766,193 | +€741,318 | +10.6% |
| Amounts payable after more than one year | 17 | €5,745,907 | €5,461,459 | -€284,448 | -5.0% |
| Financial debts | 170/4 | €5,249,778 | €4,965,330 | -€284,448 | -5.4% |
| Other amounts payable | 178/9 | €496,129 | €496,129 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,266,784 | €2,304,735 | +€1.0m | +81.9% |
| Current portion of amounts payable after more than one year | 42 | €719,572 | €753,636 | +€34,064 | +4.7% |
| Trade debts | 44 | €130,364 | €409,919 | +€279,555 | +214% |
| Suppliers | 440/4 | €130,364 | €409,919 | +€279,555 | +214% |
| Taxes, remuneration and social security | 45 | €61,009 | €95,299 | +€34,291 | +56.2% |
| Taxes | 450/3 | €61,009 | €95,299 | +€34,291 | +56.2% |
| Other amounts payable | 47/48 | €355,839 | €1,045,881 | +€690,041 | +194% |
| Accrued charges and deferred income | 492/3 | €12,185 | €0 | -€12,185 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €519,339 | €684,302 | +€164,963 | +31.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,691 | +€7,691 | |
| Other operating charges | 640/8 | €1,586 | €146 | -€1,440 | -90.8% |
| Gross operating margin | 9900 | €755,177 | €1,137,056 | +€381,879 | +50.6% |
| Operating profit (loss) | 9901 | €234,251 | €444,917 | +€210,666 | +89.9% |
| Financial income | 75/76B | €153 | €476 | +€323 | +211% |
| Recurring financial income | 75 | €153 | €476 | +€323 | +211% |
| Financial charges | 65/66B | €222,972 | €311,336 | +€88,364 | +39.6% |
| Recurring financial charges | 65 | €222,972 | €311,336 | +€88,364 | +39.6% |
| Profit (loss) for the period before taxes | 9903 | €11,432 | €134,057 | +€122,624 | +1,073% |
| Income taxes | 67/77 | €46 | €129 | +€83 | +182% |
| Profit (loss) for the period | 9904 | €11,386 | €133,927 | +€122,541 | +1,076% |
| Profit (loss) for the period to be appropriated | 9905 | €11,386 | €133,927 | +€122,541 | +1,076% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.