Skyward: 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.
Skyward
Largest movements
- Cash +€31,621
up €31,621 (+28.3%), from €111,814 to €143,435
mainly Net result for the year (+€97,618) and Depreciation (+€58,149)
- Current investments -€29,772
down €29,772 (-8.5%), from €350,000 to €320,228
- Reserves +€95,635
up €95,635 (+16.3%), from €586,153 to €681,788
of which Distributable reserves: +€95,635
- Other debts -€91,203
down €91,203 (-92.7%), from €98,375 to €7,172
- Gross operating margin +€148,649
up €148,649 (+194.9%), from €76,269 to €224,918
- Taxes +€46,559
up €46,559, from €0 to €46,559
- Depreciation -€16,483
down €16,483 (-22.1%), from €74,633 to €58,149
- Other operating charges +€10,662
up €10,662 (+413.0%), from €2,581 to €13,243
- Financial income -€5,030
down €5,030 (-55.3%), from €9,088 to €4,058
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 | €1,349,868 | €1,360,031 | +€10,163 | +0.8% |
| Fixed assets | 21/28 | €795,443 | €789,595 | -€5,848 | -0.7% |
| Tangible fixed assets | 22/27 | €795,443 | €789,595 | -€5,848 | -0.7% |
| Land and buildings | 22 | €751,290 | €754,490 | +€3,200 | +0.4% |
| Plant, machinery and equipment | 23 | - | €1,299 | +€1,299 | |
| Furniture and vehicles | 24 | €44,153 | €33,805 | -€10,347 | -23.4% |
| Current assets | 29/58 | €554,425 | €570,436 | +€16,011 | +2.9% |
| Amounts receivable after more than one year | 29 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 291 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €92,299 | €96,403 | +€4,104 | +4.4% |
| Trade receivables | 40 | €59,978 | €88,855 | +€28,877 | +48.1% |
| Other amounts receivable | 41 | €32,321 | €7,547 | -€24,774 | -76.6% |
| Current investments | 50/53 | €350,000 | €320,228 | -€29,772 | -8.5% |
| Cash at bank and in hand | 54/58 | €111,814 | €143,435 | +€31,621 | +28.3% |
| Deferred charges and accrued income | 490/1 | €312 | €370 | +€59 | +18.8% |
| Total equity and liabilities | 10/49 | €1,349,868 | €1,360,031 | +€10,163 | +0.8% |
| Equity | 10/15 | €590,370 | €687,988 | +€97,618 | +16.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €586,153 | €681,788 | +€95,635 | +16.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €586,153 | €681,788 | +€95,635 | +16.3% |
| Profit (loss) carried forward | 14 | -€1,983 | €0 | +€1,983 | |
| Amounts payable | 17/49 | €759,498 | €672,043 | -€87,455 | -11.5% |
| Amounts payable after more than one year | 17 | €642,290 | €642,290 | = | 0.0% |
| Financial debts | 170/4 | €642,290 | €642,290 | = | 0.0% |
| Amounts payable within one year | 42/48 | €114,808 | €24,237 | -€90,571 | -78.9% |
| Trade debts | 44 | €612 | €2,890 | +€2,278 | +372.2% |
| Suppliers | 440/4 | €612 | €2,890 | +€2,278 | +372.2% |
| Taxes, remuneration and social security | 45 | €15,820 | €14,174 | -€1,646 | -10.4% |
| Taxes | 450/3 | €15,820 | €14,174 | -€1,646 | -10.4% |
| Other amounts payable | 47/48 | €98,375 | €7,172 | -€91,203 | -92.7% |
| Accrued charges and deferred income | 492/3 | €2,399 | €5,516 | +€3,116 | +129.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,633 | €58,149 | -€16,483 | -22.1% |
| Other operating charges | 640/8 | €2,581 | €13,243 | +€10,662 | +413.0% |
| Gross operating margin | 9900 | €76,269 | €224,918 | +€148,649 | +194.9% |
| Operating profit (loss) | 9901 | -€945 | €153,525 | +€154,470 | |
| Financial income | 75/76B | €9,088 | €4,058 | -€5,030 | -55.3% |
| Recurring financial income | 75 | €9,088 | €4,058 | -€5,030 | -55.3% |
| Financial charges | 65/66B | €10,126 | €13,407 | +€3,281 | +32.4% |
| Recurring financial charges | 65 | €10,126 | €13,407 | +€3,281 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,983 | €144,177 | +€146,159 | |
| Income taxes | 67/77 | €0 | €46,559 | +€46,559 | |
| Profit (loss) for the period | 9904 | -€1,983 | €97,618 | +€99,601 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,983 | €97,618 | +€99,601 |
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 9 October 2026 via checked.be.