SkyWards: 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.
SkyWards
Largest movements
- Cash +€35,384
up €35,384 (+151.0%), from €23,425 to €58,809
mainly Provisions (+€40,000) and Net result for the year (+€6,337)
- Receivables within one year +€9,836
up €9,836 (+61.4%), from €16,021 to €25,857
- Provisions +€40,000
up €40,000 (+1160.5%), from €3,447 to €43,447
- Profit (loss) carried forward +€6,337
up €6,337, from -€598 to €5,739
- Provisions +€40,000
new in 2025: €40,000
- Gross operating margin +€35,969
up €35,969 (+395.5%), from €9,094 to €45,064
- Financial income +€2,665
up €2,665 (+969.3%), from €275 to €2,940
- Taxes +€826
new in 2025: €826
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 | €449,144 | €494,549 | +€45,406 | +10.1% |
| Fixed assets | 21/28 | €400,527 | €400,556 | +€30 | 0.0% |
| Tangible fixed assets | 22/27 | €400,327 | €400,156 | -€170 | 0.0% |
| Furniture and vehicles | 24 | €400,327 | €400,156 | -€170 | 0.0% |
| Financial fixed assets | 28 | €200 | €400 | +€200 | +100.0% |
| Current assets | 29/58 | €48,617 | €93,993 | +€45,376 | +93.3% |
| Amounts receivable within one year | 40/41 | €16,021 | €25,857 | +€9,836 | +61.4% |
| Trade receivables | 40 | €16,021 | €25,857 | +€9,836 | +61.4% |
| Cash at bank and in hand | 54/58 | €23,425 | €58,809 | +€35,384 | +151.0% |
| Deferred charges and accrued income | 490/1 | €9,170 | €9,326 | +€156 | +1.7% |
| Total equity and liabilities | 10/49 | €449,144 | €494,549 | +€45,406 | +10.1% |
| Equity | 10/15 | €399,402 | €405,739 | +€6,337 | +1.6% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€598 | €5,739 | +€6,337 | |
| Provisions and deferred taxes | 16 | €3,447 | €43,447 | +€40,000 | +1160.5% |
| Provisions for liabilities and charges | 160/5 | €3,447 | €43,447 | +€40,000 | +1160.5% |
| Major repairs and maintenance | 162 | €3,447 | €43,447 | +€40,000 | +1160.5% |
| Amounts payable | 17/49 | €46,295 | €45,364 | -€931 | -2.0% |
| Amounts payable within one year | 42/48 | €46,295 | €45,364 | -€931 | -2.0% |
| Trade debts | 44 | €3,161 | €750 | -€2,411 | -76.3% |
| Suppliers | 440/4 | €3,161 | €750 | -€2,411 | -76.3% |
| Taxes, remuneration and social security | 45 | €2,133 | €3,614 | +€1,481 | +69.4% |
| Taxes | 450/3 | €2,133 | €3,614 | +€1,481 | +69.4% |
| Other amounts payable | 47/48 | €41,000 | €41,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170 | €170 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €40,000 | +€40,000 | |
| Other operating charges | 640/8 | €499 | €513 | +€14 | +2.8% |
| Gross operating margin | 9900 | €9,094 | €45,064 | +€35,969 | +395.5% |
| Operating profit (loss) | 9901 | €8,425 | €4,380 | -€4,045 | -48.0% |
| Financial income | 75/76B | €275 | €2,940 | +€2,665 | +969.3% |
| Recurring financial income | 75 | €275 | €2,940 | +€2,665 | +969.3% |
| Financial charges | 65/66B | €150 | €158 | +€8 | +5.0% |
| Recurring financial charges | 65 | €150 | €158 | +€8 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €8,550 | €7,163 | -€1,387 | -16.2% |
| Income taxes | 67/77 | - | €826 | +€826 | |
| Profit (loss) for the period | 9904 | €8,550 | €6,337 | -€2,213 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,550 | €6,337 | -€2,213 | -25.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.