SKYVISTA: 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.
SKYVISTA
Largest movements
- Current investments +€654,828
up €654,828 (+262%), from €250,124 to €904,952
- Financial fixed assets -€188,768
down €188,768 (-100.0%), from €188,818 to €50
- Cash -€143,170
down €143,170 (-53.3%), from €268,638 to €125,468
mainly Current investments (-€654,828) and Contributions, distributions and other (-€100,206)
- Receivables within one year -€15,966
down €15,966 (-26.0%), from €61,341 to €45,375
of which Trade receivables: -€11,103
- Reserves +€247,484
up €247,484 (+42.2%), from €585,848 to €833,332
- Other debts +€69,019
up €69,019 (+50.0%), from €137,969 to €206,988
- Debts after one year -€32,058
down €32,058 (-26.5%), from €120,864 to €88,806
- Tax, wage and social debts +€18,899
up €18,899 (+170%), from €11,119 to €30,019
of which Taxes: +€12,930
- Financial income +€324,901
up €324,901 (+4,961%), from €6,549 to €331,449
- Gross operating margin -€24,631
down €24,631 (-18.6%), from €132,256 to €107,625
- Taxes +€21,716
up €21,716 (+63.6%), from €34,128 to €55,844
- Depreciation +€1,381
up €1,381 (+5.1%), from €27,301 to €28,682
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 | €898,346 | €1,201,673 | +€303,326 | +33.8% |
| Fixed assets | 21/28 | €312,606 | €125,383 | -€187,224 | -59.9% |
| Tangible fixed assets | 22/27 | €123,788 | €125,333 | +€1,545 | +1.2% |
| Land and buildings | 22 | €74,400 | €86,194 | +€11,794 | +15.9% |
| Plant, machinery and equipment | 23 | €5,727 | €6,268 | +€541 | +9.5% |
| Furniture and vehicles | 24 | €43,661 | €32,871 | -€10,791 | -24.7% |
| Financial fixed assets | 28 | €188,818 | €50 | -€188,768 | -100.0% |
| Current assets | 29/58 | €585,740 | €1,076,290 | +€490,550 | +83.7% |
| Amounts receivable within one year | 40/41 | €61,341 | €45,375 | -€15,966 | -26.0% |
| Trade receivables | 40 | €56,478 | €45,375 | -€11,103 | -19.7% |
| Other amounts receivable | 41 | €4,864 | - | -€4,864 | |
| Current investments | 50/53 | €250,124 | €904,952 | +€654,828 | +262% |
| Cash at bank and in hand | 54/58 | €268,638 | €125,468 | -€143,170 | -53.3% |
| Deferred charges and accrued income | 490/1 | €5,637 | €496 | -€5,141 | -91.2% |
| Total equity and liabilities | 10/49 | €898,346 | €1,201,673 | +€303,326 | +33.8% |
| Equity | 10/15 | €592,048 | €839,532 | +€247,484 | +41.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €585,848 | €833,332 | +€247,484 | +42.2% |
| Distributable reserves | 133 | €585,848 | €833,332 | +€247,484 | +42.2% |
| Amounts payable | 17/49 | €306,298 | €362,141 | +€55,842 | +18.2% |
| Amounts payable after more than one year | 17 | €120,864 | €88,806 | -€32,058 | -26.5% |
| Financial debts | 170/4 | €120,864 | €88,806 | -€32,058 | -26.5% |
| Amounts payable within one year | 42/48 | €185,434 | €273,335 | +€87,901 | +47.4% |
| Current portion of amounts payable after more than one year | 42 | €31,524 | €32,058 | +€534 | +1.7% |
| Trade debts | 44 | €4,822 | €4,270 | -€551 | -11.4% |
| Suppliers | 440/4 | €4,822 | €4,270 | -€551 | -11.4% |
| Taxes, remuneration and social security | 45 | €11,119 | €30,019 | +€18,899 | +170% |
| Taxes | 450/3 | €11,119 | €24,050 | +€12,930 | +116% |
| Remuneration and social security | 454/9 | - | €5,969 | +€5,969 | |
| Other amounts payable | 47/48 | €137,969 | €206,988 | +€69,019 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,301 | €28,682 | +€1,381 | +5.1% |
| Other operating charges | 640/8 | €2,883 | €4,030 | +€1,147 | +39.8% |
| Gross operating margin | 9900 | €132,256 | €107,625 | -€24,631 | -18.6% |
| Operating profit (loss) | 9901 | €102,071 | €74,913 | -€27,159 | -26.6% |
| Financial income | 75/76B | €6,549 | €331,449 | +€324,901 | +4,961% |
| Recurring financial income | 75 | €6,549 | €331,449 | +€324,901 | +4,961% |
| Financial charges | 65/66B | €3,287 | €2,827 | -€459 | -14.0% |
| Recurring financial charges | 65 | €3,287 | €2,827 | -€459 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €105,333 | €403,535 | +€298,201 | +283% |
| Income taxes | 67/77 | €34,128 | €55,844 | +€21,716 | +63.6% |
| Profit (loss) for the period | 9904 | €71,205 | €347,690 | +€276,485 | +388% |
| Profit (loss) for the period to be appropriated | 9905 | €71,205 | €347,690 | +€276,485 | +388% |
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 16 October 2026 via checked.be.