SKYTE: 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.
SKYTE
Largest movements
- Tangible fixed assets +€79,987
up €79,987 (+28.7%), from €278,412 to €358,399
of which Furniture and vehicles: +€92,646
- Cash -€13,854
down €13,854 (-30.7%), from €45,134 to €31,280
mainly Investment in fixed assets (net) (-€112,398) and Other debts (-€100,190)
- Reserves +€177,330
up €177,330 (+9533.9%), from €1,860 to €179,190
- Other debts -€100,190
down €100,190 (-72.1%), from €138,887 to €38,697
- Tax, wage and social debts -€62,951
down €62,951 (-83.1%), from €75,747 to €12,795
- Debts after one year +€38,632
up €38,632 (+33.3%), from €115,854 to €154,485
- Current portion of long-term debt +€25,113
up €25,113 (+59.2%), from €42,407 to €67,520
- Gross operating margin +€72,097
up €72,097 (+31.3%), from €230,226 to €302,323
- Taxes +€10,592
up €10,592 (+15.1%), from €69,918 to €80,509
- Depreciation +€5,020
up €5,020 (+18.3%), from €27,390 to €32,410
- Other operating charges -€3,941
down €3,941 (-57.1%), from €6,896 to €2,955
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €412,193 | €474,239 | +€62,047 | +15.1% |
| Fixed assets | 21/28 | €278,650 | €358,637 | +€79,987 | +28.7% |
| Tangible fixed assets | 22/27 | €278,412 | €358,399 | +€79,987 | +28.7% |
| Land and buildings | 22 | €251,190 | €240,075 | -€11,115 | -4.4% |
| Furniture and vehicles | 24 | €24,237 | €116,883 | +€92,646 | +382.3% |
| Other tangible fixed assets | 26 | €2,985 | €1,441 | -€1,544 | -51.7% |
| Financial fixed assets | 28 | €238 | €238 | = | 0.0% |
| Current assets | 29/58 | €133,543 | €115,602 | -€17,941 | -13.4% |
| Amounts receivable within one year | 40/41 | €88,409 | €84,322 | -€4,087 | -4.6% |
| Trade receivables | 40 | €50,737 | €57,413 | +€6,677 | +13.2% |
| Other amounts receivable | 41 | €37,672 | €26,909 | -€10,764 | -28.6% |
| Cash at bank and in hand | 54/58 | €45,134 | €31,280 | -€13,854 | -30.7% |
| Total equity and liabilities | 10/49 | €412,193 | €474,239 | +€62,047 | +15.1% |
| Equity | 10/15 | €20,537 | €197,867 | +€177,330 | +863.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €179,190 | +€177,330 | +9533.9% |
| Distributable reserves | 133 | €1,860 | €179,190 | +€177,330 | +9533.9% |
| Profit (loss) carried forward | 14 | €77 | €77 | = | 0.0% |
| Amounts payable | 17/49 | €391,655 | €276,372 | -€115,283 | -29.4% |
| Amounts payable after more than one year | 17 | €115,854 | €154,485 | +€38,632 | +33.3% |
| Financial debts | 170/4 | €115,854 | €154,485 | +€38,632 | +33.3% |
| Amounts payable within one year | 42/48 | €273,878 | €121,887 | -€151,992 | -55.5% |
| Current portion of amounts payable after more than one year | 42 | €42,407 | €67,520 | +€25,113 | +59.2% |
| Trade debts | 44 | €16,837 | €2,874 | -€13,963 | -82.9% |
| Suppliers | 440/4 | €16,837 | €2,874 | -€13,963 | -82.9% |
| Taxes, remuneration and social security | 45 | €75,747 | €12,795 | -€62,951 | -83.1% |
| Taxes | 450/3 | €75,747 | €12,795 | -€62,951 | -83.1% |
| Other amounts payable | 47/48 | €138,887 | €38,697 | -€100,190 | -72.1% |
| Accrued charges and deferred income | 492/3 | €1,923 | - | -€1,923 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,390 | €32,410 | +€5,020 | +18.3% |
| Other operating charges | 640/8 | €6,896 | €2,955 | -€3,941 | -57.1% |
| Gross operating margin | 9900 | €230,226 | €302,323 | +€72,097 | +31.3% |
| Operating profit (loss) | 9901 | €195,940 | €266,957 | +€71,018 | +36.2% |
| Financial charges | 65/66B | €7,001 | €9,118 | +€2,117 | +30.2% |
| Recurring financial charges | 65 | €7,001 | €9,118 | +€2,117 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €188,938 | €257,839 | +€68,901 | +36.5% |
| Transfer from deferred taxes | 780 | €12,520 | - | -€12,520 | |
| Income taxes | 67/77 | €69,918 | €80,509 | +€10,592 | +15.1% |
| Profit (loss) for the period | 9904 | €131,541 | €177,330 | +€45,789 | +34.8% |
| Transfer from tax-exempt reserves | 789 | €37,560 | - | -€37,560 | |
| Profit (loss) for the period to be appropriated | 9905 | €169,101 | €177,330 | +€8,229 | +4.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.