SKYTECHNICS: 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.
SKYTECHNICS
Largest movements
- Cash +€584,814
up €584,814 (+334.9%), from €174,632 to €759,446
mainly Net result for the year (+€620,462) and Trade debts (+€198,560)
- Receivables within one year +€269,097
up €269,097 (+41.6%), from €646,481 to €915,578
of which Trade receivables: +€217,795
- Tangible fixed assets +€94,838
up €94,838 (+295.9%), from €32,048 to €126,886
of which Plant, machinery and equipment: +€56,614
- Stocks and contracts +€50,331
up €50,331 (+119.8%), from €41,998 to €92,329
- Profit (loss) carried forward +€620,462
up €620,462 (+338.5%), from €183,316 to €803,778
- Trade debts +€198,560
up €198,560 (+72.3%), from €274,557 to €473,117
- Short-term financial debts +€134,647
up €134,647 (+3927.8%), from €3,428 to €138,075
- Tax, wage and social debts +€112,390
up €112,390 (+31.9%), from €352,839 to €465,229
of which Remuneration and social security: +€60,155
- Other debts -€24,896
down €24,896 (-99.9%), from €24,909 to €13
- Gross operating margin +€2.1m
up €2.1m (+119.7%), from €1.8m to €3.9m
- Staff costs +€1.4m
up €1.4m (+87.4%), from €1.6m to €2.9m
- Taxes +€180,569
up €180,569 (+339.9%), from €53,124 to €233,693
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €947,585 | €1,960,555 | +€1.0m | +106.9% |
| Fixed assets | 21/28 | €32,048 | €126,886 | +€94,838 | +295.9% |
| Tangible fixed assets | 22/27 | €32,048 | €126,886 | +€94,838 | +295.9% |
| Plant, machinery and equipment | 23 | €21,427 | €78,040 | +€56,614 | +264.2% |
| Furniture and vehicles | 24 | €10,622 | €48,845 | +€38,224 | +359.9% |
| Current assets | 29/58 | €915,537 | €1,833,669 | +€918,132 | +100.3% |
| Amounts receivable after more than one year | 29 | - | €6,000 | +€6,000 | |
| Other amounts receivable | 291 | - | €6,000 | +€6,000 | |
| Stocks and contracts in progress | 3 | €41,998 | €92,329 | +€50,331 | +119.8% |
| Stocks | 30/36 | €41,998 | €92,329 | +€50,331 | +119.8% |
| Amounts receivable within one year | 40/41 | €646,481 | €915,578 | +€269,097 | +41.6% |
| Trade receivables | 40 | €595,367 | €813,161 | +€217,795 | +36.6% |
| Other amounts receivable | 41 | €51,115 | €102,417 | +€51,303 | +100.4% |
| Cash at bank and in hand | 54/58 | €174,632 | €759,446 | +€584,814 | +334.9% |
| Deferred charges and accrued income | 490/1 | €52,426 | €60,316 | +€7,890 | +15.0% |
| Total equity and liabilities | 10/49 | €947,585 | €1,960,555 | +€1.0m | +106.9% |
| Equity | 10/15 | €203,316 | €823,778 | +€620,462 | +305.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,316 | €803,778 | +€620,462 | +338.5% |
| Amounts payable | 17/49 | €744,269 | €1,136,777 | +€392,508 | +52.7% |
| Amounts payable after more than one year | 17 | €57,696 | €37,942 | -€19,754 | -34.2% |
| Financial debts | 170/4 | €57,696 | €37,942 | -€19,754 | -34.2% |
| Amounts payable within one year | 42/48 | €674,850 | €1,096,188 | +€421,338 | +62.4% |
| Current portion of amounts payable after more than one year | 42 | €19,116 | €19,754 | +€638 | +3.3% |
| Financial debts | 43 | €3,428 | €138,075 | +€134,647 | +3927.8% |
| Credit institutions | 430/8 | €3,428 | €138,075 | +€134,647 | +3927.8% |
| Trade debts | 44 | €274,557 | €473,117 | +€198,560 | +72.3% |
| Suppliers | 440/4 | €274,557 | €473,117 | +€198,560 | +72.3% |
| Taxes, remuneration and social security | 45 | €352,839 | €465,229 | +€112,390 | +31.9% |
| Taxes | 450/3 | €36,875 | €89,110 | +€52,235 | +141.7% |
| Remuneration and social security | 454/9 | €315,965 | €376,119 | +€60,155 | +19.0% |
| Other amounts payable | 47/48 | €24,909 | €13 | -€24,896 | -99.9% |
| Accrued charges and deferred income | 492/3 | €11,724 | €2,648 | -€9,076 | -77.4% |
| Non-recurring operating income | 76A | - | €548 | +€548 | |
| Remuneration, social security and pensions | 62 | €1,551,818 | €2,907,871 | +€1.4m | +87.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,453 | €37,169 | +€27,716 | +293.2% |
| Other operating charges | 640/8 | €13,154 | €47,679 | +€34,525 | +262.5% |
| Non-recurring operating charges | 66A | - | €7,572 | +€7,572 | |
| Gross operating margin | 9900 | €1,781,979 | €3,914,294 | +€2.1m | +119.7% |
| Operating profit (loss) | 9901 | €207,554 | €914,002 | +€706,448 | +340.4% |
| Financial income | 75/76B | €781 | €105 | -€677 | -86.6% |
| Recurring financial income | 75 | €781 | €105 | -€677 | -86.6% |
| Financial charges | 65/66B | €31,336 | €59,952 | +€28,616 | +91.3% |
| Recurring financial charges | 65 | €31,336 | €59,952 | +€28,616 | +91.3% |
| Profit (loss) for the period before taxes | 9903 | €176,999 | €854,155 | +€677,156 | +382.6% |
| Income taxes | 67/77 | €53,124 | €233,693 | +€180,569 | +339.9% |
| Profit (loss) for the period | 9904 | €123,875 | €620,462 | +€496,586 | +400.9% |
| Profit (loss) for the period to be appropriated | 9905 | €123,875 | €620,462 | +€496,586 | +400.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.