SKYVY: 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.
SKYVY
Largest movements
- Stocks and contracts -€17,137
no longer reported in 2025 (was €17,137)
- Tangible fixed assets -€8,132
down €8,132 (-17.3%), from €47,028 to €38,896
of which Furniture and vehicles: -€9,190
- Receivables within one year +€4,148
up €4,148 (+104.2%), from €3,982 to €8,129
of which Trade receivables: +€3,632
- Cash -€1,461
down €1,461 (-4.4%), from €32,969 to €31,508
mainly Trade debts (-€9,552) and Debts after one year (-€8,139)
- Trade debts -€9,552
down €9,552 (-86.1%), from €11,093 to €1,541
- Debts after one year -€8,139
down €8,139 (-33.7%), from €24,125 to €15,986
- Tax, wage and social debts -€6,142
down €6,142 (-60.4%), from €10,165 to €4,023
- Reserves +€4,202
up €4,202 (+14.7%), from €28,547 to €32,749
- Other debts -€3,349
down €3,349 (-20.6%), from €16,253 to €12,905
- Gross operating margin -€15,876
down €15,876 (-44.0%), from €36,045 to €20,169
- Taxes -€3,086
down €3,086 (-67.5%), from €4,570 to €1,484
- Financial charges -€984
down €984 (-21.3%), from €4,614 to €3,630
- Depreciation +€667
up €667 (+6.5%), from €10,274 to €10,941
- Financial income +€393
up €393 (+208.2%), from €189 to €582
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.
Cash bridge derived
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 | €101,936 | €79,382 | -€22,555 | -22.1% |
| Fixed assets | 21/28 | €47,028 | €38,897 | -€8,131 | -17.3% |
| Intangible fixed assets | 21 | - | €1 | +€1 | |
| Tangible fixed assets | 22/27 | €47,028 | €38,896 | -€8,132 | -17.3% |
| Plant, machinery and equipment | 23 | - | €2,342 | +€2,342 | |
| Furniture and vehicles | 24 | €34,821 | €25,631 | -€9,190 | -26.4% |
| Other tangible fixed assets | 26 | €12,207 | €10,923 | -€1,284 | -10.5% |
| Current assets | 29/58 | €54,908 | €40,485 | -€14,424 | -26.3% |
| Stocks and contracts in progress | 3 | €17,137 | - | -€17,137 | |
| Stocks | 30/36 | €17,137 | - | -€17,137 | |
| Amounts receivable within one year | 40/41 | €3,982 | €8,129 | +€4,148 | +104.2% |
| Trade receivables | 40 | €3,982 | €7,613 | +€3,632 | +91.2% |
| Other amounts receivable | 41 | - | €516 | +€516 | |
| Cash at bank and in hand | 54/58 | €32,969 | €31,508 | -€1,461 | -4.4% |
| Deferred charges and accrued income | 490/1 | €821 | €848 | +€28 | +3.4% |
| Total equity and liabilities | 10/49 | €101,936 | €79,382 | -€22,555 | -22.1% |
| Equity | 10/15 | €32,547 | €36,749 | +€4,202 | +12.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €28,547 | €32,749 | +€4,202 | +14.7% |
| Distributable reserves | 133 | €28,547 | €32,749 | +€4,202 | +14.7% |
| Amounts payable | 17/49 | €69,389 | €42,633 | -€26,756 | -38.6% |
| Amounts payable after more than one year | 17 | €24,125 | €15,986 | -€8,139 | -33.7% |
| Financial debts | 170/4 | €24,125 | €15,986 | -€8,139 | -33.7% |
| Amounts payable within one year | 42/48 | €45,265 | €26,608 | -€18,657 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | €7,754 | €8,139 | +€385 | +5.0% |
| Trade debts | 44 | €11,093 | €1,541 | -€9,552 | -86.1% |
| Suppliers | 440/4 | €11,093 | €1,541 | -€9,552 | -86.1% |
| Taxes, remuneration and social security | 45 | €10,165 | €4,023 | -€6,142 | -60.4% |
| Taxes | 450/3 | €10,165 | €4,023 | -€6,142 | -60.4% |
| Other amounts payable | 47/48 | €16,253 | €12,905 | -€3,349 | -20.6% |
| Accrued charges and deferred income | 492/3 | - | €40 | +€40 | |
| Non-recurring operating income | 76A | - | €26,000 | +€26,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,274 | €10,941 | +€667 | +6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €41 | +€41 | |
| Other operating charges | 640/8 | €308 | €453 | +€145 | +47.0% |
| Gross operating margin | 9900 | €36,045 | €20,169 | -€15,876 | -44.0% |
| Operating profit (loss) | 9901 | €25,463 | €8,734 | -€16,729 | -65.7% |
| Financial income | 75/76B | €189 | €582 | +€393 | +208.2% |
| Recurring financial income | 75 | €189 | €582 | +€393 | +208.2% |
| Financial charges | 65/66B | €4,614 | €3,630 | -€984 | -21.3% |
| Recurring financial charges | 65 | €4,614 | €3,630 | -€984 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €21,037 | €5,685 | -€15,352 | -73.0% |
| Income taxes | 67/77 | €4,570 | €1,484 | -€3,086 | -67.5% |
| Profit (loss) for the period | 9904 | €16,467 | €4,202 | -€12,266 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,467 | €4,202 | -€12,266 | -74.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.