SKYWARD GROUP: 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 GROUP
Largest movements
- Financial fixed assets +€150,000
up €150,000 (+150000.0%), from €100 to €150,100
- Receivables within one year -€14,713
down €14,713 (-13.5%), from €108,804 to €94,091
of which Other amounts receivable: -€17,255
- Cash -€3,673
down €3,673 (-72.8%), from €5,048 to €1,374
mainly Investment in fixed assets (net) (-€150,000) and Debts after one year (-€14,863)
- Other debts +€147,650
new in 2025: €147,650
- Debts after one year -€14,863
down €14,863 (-16.3%), from €91,382 to €76,519
- Gross operating margin +€6,717
up €6,717, from -€2,450 to €4,267
- Financial charges +€1,499
up €1,499 (+61.4%), from €2,442 to €3,941
- Other operating charges -€387
no longer reported in 2025 (was €387)
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 | €113,952 | €245,565 | +€131,614 | +115.5% |
| Fixed assets | 21/28 | €100 | €150,100 | +€150,000 | +150000.0% |
| Financial fixed assets | 28 | €100 | €150,100 | +€150,000 | +150000.0% |
| Current assets | 29/58 | €113,852 | €95,465 | -€18,386 | -16.1% |
| Amounts receivable within one year | 40/41 | €108,804 | €94,091 | -€14,713 | -13.5% |
| Trade receivables | 40 | €24,904 | €27,446 | +€2,542 | +10.2% |
| Other amounts receivable | 41 | €83,900 | €66,645 | -€17,255 | -20.6% |
| Cash at bank and in hand | 54/58 | €5,048 | €1,374 | -€3,673 | -72.8% |
| Total equity and liabilities | 10/49 | €113,952 | €245,565 | +€131,614 | +115.5% |
| Equity | 10/15 | €4,720 | €5,046 | +€326 | +6.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,280 | -€4,954 | +€326 | +6.2% |
| Amounts payable | 17/49 | €109,231 | €240,519 | +€131,288 | +120.2% |
| Amounts payable after more than one year | 17 | €91,382 | €76,519 | -€14,863 | -16.3% |
| Financial debts | 170/4 | €91,382 | €76,519 | -€14,863 | -16.3% |
| Amounts payable within one year | 42/48 | €15,399 | €164,000 | +€148,601 | +965.0% |
| Current portion of amounts payable after more than one year | 42 | €15,399 | €14,863 | -€535 | -3.5% |
| Taxes, remuneration and social security | 45 | - | €1,487 | +€1,487 | |
| Taxes | 450/3 | - | €1,487 | +€1,487 | |
| Other amounts payable | 47/48 | - | €147,650 | +€147,650 | |
| Accrued charges and deferred income | 492/3 | €2,450 | - | -€2,450 | |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€2,450 | €4,267 | +€6,717 | |
| Operating profit (loss) | 9901 | -€2,837 | €4,267 | +€7,104 | |
| Financial charges | 65/66B | €2,442 | €3,941 | +€1,499 | +61.4% |
| Recurring financial charges | 65 | €2,442 | €3,941 | +€1,499 | +61.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,280 | €326 | +€5,606 | |
| Profit (loss) for the period | 9904 | -€5,280 | €326 | +€5,606 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,280 | €326 | +€5,606 |
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 12 October 2026 via checked.be.