SKYWAY: 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.
SKYWAY
Largest movements
- Receivables within one year -€24,642
down €24,642 (-35.7%), from €68,949 to €44,307
of which Trade receivables: -€32,063
- Cash +€11,777
up €11,777 (+91.0%), from €12,943 to €24,720
mainly Receivables within one year (+€24,642) and Tax, wage and social debts (+€9,906)
- Tangible fixed assets -€2,999
down €2,999 (-41.2%), from €7,273 to €4,275
of which Furniture and vehicles: -€2,651
- Financial fixed assets +€1,500
up €1,500 (+166.7%), from €900 to €2,400
- Intangible fixed assets -€999
down €999 (-11.1%), from €9,030 to €8,031
- Advances received -€23,629
no longer reported in 2025 (was €23,629)
- Tax, wage and social debts +€9,906
up €9,906 (+99.1%), from €10,000 to €19,906
of which Remuneration and social security: +€5,265
- Trade debts -€4,597
down €4,597 (-28.0%), from €16,435 to €11,838
- Other debts +€2,500
new in 2025: €2,500
- Staff costs +€43,078
up €43,078 (+77.0%), from €55,919 to €98,997
- Gross operating margin +€41,345
up €41,345 (+61.5%), from €67,203 to €108,548
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 | €99,095 | €83,732 | -€15,363 | -15.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €17,203 | €14,705 | -€2,498 | -14.5% |
| Intangible fixed assets | 21 | €9,030 | €8,031 | -€999 | -11.1% |
| Tangible fixed assets | 22/27 | €7,273 | €4,275 | -€2,999 | -41.2% |
| Plant, machinery and equipment | 23 | €1,432 | €1,083 | -€348 | -24.3% |
| Furniture and vehicles | 24 | €5,842 | €3,191 | -€2,651 | -45.4% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €900 | €2,400 | +€1,500 | +166.7% |
| Current assets | 29/58 | €81,892 | €69,027 | -€12,865 | -15.7% |
| Amounts receivable within one year | 40/41 | €68,949 | €44,307 | -€24,642 | -35.7% |
| Trade receivables | 40 | €52,063 | €20,000 | -€32,063 | -61.6% |
| Other amounts receivable | 41 | €16,887 | €24,307 | +€7,421 | +43.9% |
| Cash at bank and in hand | 54/58 | €12,943 | €24,720 | +€11,777 | +91.0% |
| Total equity and liabilities | 10/49 | €99,095 | €83,732 | -€15,363 | -15.5% |
| Equity | 10/15 | €49,031 | €49,488 | +€457 | +0.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,967 | €10,967 | = | 0.0% |
| Non-distributable reserves | 130/1 | €844 | - | -€844 | |
| Reserves not available under the articles | 1311 | €844 | - | -€844 | |
| Distributable reserves | 133 | €10,123 | €10,967 | +€844 | +8.3% |
| Profit (loss) carried forward | 14 | €31,865 | €32,321 | +€457 | +1.4% |
| Amounts payable | 17/49 | €50,064 | €34,244 | -€15,820 | -31.6% |
| Amounts payable within one year | 42/48 | €50,064 | €34,244 | -€15,820 | -31.6% |
| Trade debts | 44 | €16,435 | €11,838 | -€4,597 | -28.0% |
| Suppliers | 440/4 | €16,435 | €11,838 | -€4,597 | -28.0% |
| Advances received on contracts in progress | 46 | €23,629 | - | -€23,629 | |
| Taxes, remuneration and social security | 45 | €10,000 | €19,906 | +€9,906 | +99.1% |
| Taxes | 450/3 | €5,243 | €9,884 | +€4,641 | +88.5% |
| Remuneration and social security | 454/9 | €4,757 | €10,022 | +€5,265 | +110.7% |
| Other amounts payable | 47/48 | - | €2,500 | +€2,500 | |
| Remuneration, social security and pensions | 62 | €55,919 | €98,997 | +€43,078 | +77.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,933 | €3,650 | -€284 | -7.2% |
| Other operating charges | 640/8 | €3,514 | €3,677 | +€163 | +4.6% |
| Gross operating margin | 9900 | €67,203 | €108,548 | +€41,345 | +61.5% |
| Operating profit (loss) | 9901 | €3,837 | €2,224 | -€1,613 | -42.0% |
| Financial income | 75/76B | €1 | €0 | -€0 | -96.1% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -96.1% |
| Financial charges | 65/66B | €538 | €658 | +€120 | +22.3% |
| Recurring financial charges | 65 | €538 | €658 | +€120 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €3,299 | €1,566 | -€1,733 | -52.5% |
| Income taxes | 67/77 | €1,608 | €1,109 | -€498 | -31.0% |
| Profit (loss) for the period | 9904 | €1,692 | €457 | -€1,235 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,692 | €457 | -€1,235 | -73.0% |
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.