SKYWALK: 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.
SKYWALK
Largest movements
- Current investments -€253,705
down €253,705 (-89.4%), from €283,705 to €30,000
- Receivables within one year +€11,134
up €11,134 (+168%), from €6,632 to €17,766
of which Trade receivables: +€16,844
- Cash +€6,103
up €6,103 (+107%), from €5,722 to €11,826
mainly Current investments (+€253,705) and Net result for the year (+€113,019)
- Reserves -€282,500
down €282,500 (-95.8%), from €295,000 to €12,500
- Other debts +€40,804
new in 2025: €40,804
- Tax, wage and social debts +€3,721
up €3,721 (+15.3%), from €24,385 to €28,106
of which Taxes: +€6,221
- Financial income +€47,895
up €47,895 (+1,381%), from €3,467 to €51,362
- Gross operating margin -€11,921
down €11,921 (-11.2%), from €106,198 to €94,277
- Taxes +€11,036
up €11,036 (+52.5%), from €21,035 to €32,071
- Other operating charges -€5,721
down €5,721 (-98.9%), from €5,787 to €66
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 | €325,417 | €86,055 | -€239,362 | -73.6% |
| Fixed assets | 21/28 | €1,259 | €915 | -€344 | -27.3% |
| Tangible fixed assets | 22/27 | €914 | €570 | -€344 | -37.6% |
| Furniture and vehicles | 24 | €914 | €570 | -€344 | -37.6% |
| Financial fixed assets | 28 | €345 | €345 | = | 0.0% |
| Current assets | 29/58 | €324,158 | €85,140 | -€239,018 | -73.7% |
| Amounts receivable after more than one year | 29 | €28,048 | €25,548 | -€2,500 | -8.9% |
| Other amounts receivable | 291 | €28,048 | €25,548 | -€2,500 | -8.9% |
| Amounts receivable within one year | 40/41 | €6,632 | €17,766 | +€11,134 | +168% |
| Trade receivables | 40 | - | €16,844 | +€16,844 | |
| Other amounts receivable | 41 | €6,632 | €922 | -€5,710 | -86.1% |
| Current investments | 50/53 | €283,705 | €30,000 | -€253,705 | -89.4% |
| Cash at bank and in hand | 54/58 | €5,722 | €11,826 | +€6,103 | +107% |
| Deferred charges and accrued income | 490/1 | €50 | - | -€50 | |
| Total equity and liabilities | 10/49 | €325,417 | €86,055 | -€239,362 | -73.6% |
| Equity | 10/15 | €300,117 | €16,915 | -€283,202 | -94.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €295,000 | €12,500 | -€282,500 | -95.8% |
| Distributable reserves | 133 | €295,000 | €12,500 | -€282,500 | -95.8% |
| Profit (loss) carried forward | 14 | €2,117 | €1,415 | -€702 | -33.1% |
| Amounts payable | 17/49 | €25,300 | €69,140 | +€43,840 | +173% |
| Amounts payable within one year | 42/48 | €25,300 | €69,140 | +€43,840 | +173% |
| Trade debts | 44 | €915 | €230 | -€685 | -74.9% |
| Suppliers | 440/4 | €915 | €230 | -€685 | -74.9% |
| Taxes, remuneration and social security | 45 | €24,385 | €28,106 | +€3,721 | +15.3% |
| Taxes | 450/3 | €21,885 | €28,106 | +€6,221 | +28.4% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | - | €40,804 | +€40,804 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118 | €344 | +€226 | +190% |
| Other operating charges | 640/8 | €5,787 | €66 | -€5,721 | -98.9% |
| Gross operating margin | 9900 | €106,198 | €94,277 | -€11,921 | -11.2% |
| Operating profit (loss) | 9901 | €100,293 | €93,867 | -€6,426 | -6.4% |
| Financial income | 75/76B | €3,467 | €51,362 | +€47,895 | +1,381% |
| Recurring financial income | 75 | €3,467 | €51,362 | +€47,895 | +1,381% |
| Financial charges | 65/66B | €482 | €140 | -€342 | -71.0% |
| Recurring financial charges | 65 | €482 | €140 | -€342 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | €103,278 | €145,089 | +€41,811 | +40.5% |
| Income taxes | 67/77 | €21,035 | €32,071 | +€11,036 | +52.5% |
| Profit (loss) for the period | 9904 | €82,243 | €113,019 | +€30,776 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €82,243 | €113,019 | +€30,776 | +37.4% |
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 24 October 2026 via checked.be.