SKYWAY LOGISTICS: 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 LOGISTICS
Largest movements
- Receivables within one year -€31,476
down €31,476 (-48.7%), from €64,604 to €33,128
of which Trade receivables: -€34,298
- Tangible fixed assets +€26,196
up €26,196 (+183%), from €14,349 to €40,545
of which Furniture and vehicles: +€19,032
- Deferred charges and accrued income -€14,347
down €14,347 (-66.2%), from €21,675 to €7,328
- Receivables after one year +€13,000
new in 2025: €13,000
- Cash +€2,630
up €2,630 (+24.2%), from €10,864 to €13,494
mainly Receivables within one year (+€31,476) and Depreciation (+€16,199)
- Reserves +€15,000
up €15,000 (+47.1%), from €31,860 to €46,860
of which Distributable reserves: +€15,000
- Debts after one year -€15,000
down €15,000 (-100%), from €15,000 to €0
- Profit (loss) carried forward -€3,382
down €3,382 (-18.6%), from €18,215 to €14,833
- Tax, wage and social debts -€1,356
down €1,356 (-4.9%), from €27,831 to €26,475
of which Remuneration and social security: -€1,732
- Staff costs +€6,067
up €6,067 (+6.6%), from €92,146 to €98,212
- Gross operating margin +€5,103
up €5,103 (+4.0%), from €128,740 to €133,844
- Other operating charges +€2,110
up €2,110 (+236%), from €894 to €3,004
- Taxes -€1,872
down €1,872 (-27.6%), from €6,778 to €4,906
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 | €112,112 | €108,115 | -€3,997 | -3.6% |
| Fixed assets | 21/28 | €14,969 | €41,165 | +€26,196 | +175% |
| Tangible fixed assets | 22/27 | €14,349 | €40,545 | +€26,196 | +183% |
| Land and buildings | 22 | €665 | €0 | -€665 | -100% |
| Furniture and vehicles | 24 | €9,252 | €28,284 | +€19,032 | +206% |
| Leasing and similar rights | 25 | €4,432 | €0 | -€4,432 | -100% |
| Assets under construction and advance payments | 27 | - | €12,261 | +€12,261 | |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €97,143 | €66,950 | -€30,193 | -31.1% |
| Amounts receivable after more than one year | 29 | - | €13,000 | +€13,000 | |
| Other amounts receivable | 291 | - | €13,000 | +€13,000 | |
| Amounts receivable within one year | 40/41 | €64,604 | €33,128 | -€31,476 | -48.7% |
| Trade receivables | 40 | €64,306 | €30,009 | -€34,298 | -53.3% |
| Other amounts receivable | 41 | €298 | €3,120 | +€2,822 | +947% |
| Cash at bank and in hand | 54/58 | €10,864 | €13,494 | +€2,630 | +24.2% |
| Deferred charges and accrued income | 490/1 | €21,675 | €7,328 | -€14,347 | -66.2% |
| Total equity and liabilities | 10/49 | €112,112 | €108,115 | -€3,997 | -3.6% |
| Equity | 10/15 | €68,675 | €80,293 | +€11,618 | +16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,860 | €46,860 | +€15,000 | +47.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €45,000 | +€15,000 | +50.0% |
| Profit (loss) carried forward | 14 | €18,215 | €14,833 | -€3,382 | -18.6% |
| Amounts payable | 17/49 | €43,438 | €27,822 | -€15,615 | -35.9% |
| Amounts payable after more than one year | 17 | €15,000 | €0 | -€15,000 | -100% |
| Other amounts payable | 178/9 | €15,000 | €0 | -€15,000 | -100% |
| Amounts payable within one year | 42/48 | €28,438 | €27,822 | -€615 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €606 | €1,283 | +€676 | +112% |
| Suppliers | 440/4 | €606 | €1,283 | +€676 | +112% |
| Taxes, remuneration and social security | 45 | €27,831 | €26,475 | -€1,356 | -4.9% |
| Taxes | 450/3 | €8,193 | €8,569 | +€376 | +4.6% |
| Remuneration and social security | 454/9 | €19,638 | €17,906 | -€1,732 | -8.8% |
| Other amounts payable | 47/48 | €0 | €65 | +€65 | |
| Non-recurring operating income | 76A | - | €3,907 | +€3,907 | |
| Remuneration, social security and pensions | 62 | €92,146 | €98,212 | +€6,067 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,967 | €16,199 | -€769 | -4.5% |
| Other operating charges | 640/8 | €894 | €3,004 | +€2,110 | +236% |
| Gross operating margin | 9900 | €128,740 | €133,844 | +€5,103 | +4.0% |
| Operating profit (loss) | 9901 | €18,733 | €16,428 | -€2,305 | -12.3% |
| Financial income | 75/76B | €180 | €178 | -€2 | -1.2% |
| Recurring financial income | 75 | €180 | €178 | -€2 | -1.2% |
| Financial charges | 65/66B | €438 | €82 | -€355 | -81.2% |
| Recurring financial charges | 65 | €438 | €82 | -€355 | -81.2% |
| Profit (loss) for the period before taxes | 9903 | €18,476 | €16,524 | -€1,952 | -10.6% |
| Income taxes | 67/77 | €6,778 | €4,906 | -€1,872 | -27.6% |
| Profit (loss) for the period | 9904 | €11,698 | €11,618 | -€79 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,698 | €11,618 | -€79 | -0.7% |
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 26 October 2026 via checked.be.