Skyways: 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.
Skyways
Largest movements
- Receivables within one year +€7.6m
up €7.6m (+1617.9%), from €469,879 to €8.1m
of which Trade receivables: +€7.8m
- Receivables after one year +€100,000
up €100,000 (+500.0%), from €20,000 to €120,000
- Trade debts +€5.6m
up €5.6m (+1092.4%), from €508,669 to €6.1m
- Other debts +€1.6m
up €1.6m (+402.0%), from €409,064 to €2.1m
- Debts after one year +€661,175
up €661,175 (+146.9%), from €450,000 to €1.1m
of which Other amounts payable: +€1.1m
- Profit (loss) carried forward -€380,461
down €380,461 (-43.4%), from -€877,264 to -€1.3m
- Advances received +€160,626
up €160,626 (+143.8%), from €111,720 to €272,346
- Turnover +€662,787
new in 2025: €662,787
- Purchases and services +€485,515
new in 2025: €485,515
- Financial charges +€81,530
up €81,530 (+204.1%), from €39,946 to €121,476
- Gross operating margin +€66,726
up €66,726 (+46.7%), from €143,027 to €209,753
- Staff costs +€34,566
up €34,566 (+8.3%), from €417,254 to €451,820
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 | €658,180 | €8,326,149 | +€7.7m | +1165.0% |
| Fixed assets | 21/28 | €433 | €27,307 | +€26,874 | +6206.6% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €433 | €2,057 | +€1,624 | +375.1% |
| Furniture and vehicles | 24 | €433 | €525 | +€92 | +21.3% |
| Assets under construction and advance payments | 27 | - | €1,532 | +€1,532 | |
| Financial fixed assets | 28 | - | €25,250 | +€25,250 | |
| Current assets | 29/58 | €657,747 | €8,298,842 | +€7.6m | +1161.7% |
| Amounts receivable after more than one year | 29 | €20,000 | €120,000 | +€100,000 | +500.0% |
| Other amounts receivable | 291 | €20,000 | €120,000 | +€100,000 | +500.0% |
| Amounts receivable within one year | 40/41 | €469,879 | €8,071,828 | +€7.6m | +1617.9% |
| Trade receivables | 40 | €23,002 | €7,793,239 | +€7.8m | +33780.7% |
| Other amounts receivable | 41 | €446,877 | €278,589 | -€168,288 | -37.7% |
| Cash at bank and in hand | 54/58 | €167,868 | €107,013 | -€60,855 | -36.3% |
| Total equity and liabilities | 10/49 | €658,180 | €8,326,149 | +€7.7m | +1165.0% |
| Equity | 10/15 | -€871,883 | -€1,252,344 | -€380,461 | -43.6% |
| Contributions | 10/11 | €5,381 | €5,381 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€877,264 | -€1,257,725 | -€380,461 | -43.4% |
| Amounts payable | 17/49 | €1,530,063 | €9,578,493 | +€8.0m | +526.0% |
| Amounts payable after more than one year | 17 | €450,000 | €1,111,175 | +€661,175 | +146.9% |
| Financial debts | 170/4 | €450,000 | €0 | -€450,000 | -100.0% |
| Other amounts payable | 178/9 | - | €1,111,175 | +€1.1m | |
| Amounts payable within one year | 42/48 | €1,080,063 | €8,467,318 | +€7.4m | +684.0% |
| Trade debts | 44 | €508,669 | €6,065,139 | +€5.6m | +1092.4% |
| Suppliers | 440/4 | €508,669 | €6,065,139 | +€5.6m | +1092.4% |
| Advances received on contracts in progress | 46 | €111,720 | €272,346 | +€160,626 | +143.8% |
| Taxes, remuneration and social security | 45 | €50,610 | €76,506 | +€25,896 | +51.2% |
| Taxes | 450/3 | - | €14,512 | +€14,512 | |
| Remuneration and social security | 454/9 | €50,610 | €61,994 | +€11,384 | +22.5% |
| Other amounts payable | 47/48 | €409,064 | €2,053,328 | +€1.6m | +402.0% |
| Turnover | 70 | - | €662,787 | +€662,787 | |
| Non-recurring operating income | 76A | - | €8,899 | +€8,899 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €485,515 | +€485,515 | |
| Remuneration, social security and pensions | 62 | €417,254 | €451,820 | +€34,566 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,178 | €559 | -€619 | -52.5% |
| Other operating charges | 640/8 | €1,406 | €8,228 | +€6,822 | +485.2% |
| Non-recurring operating charges | 66A | - | €12,350 | +€12,350 | |
| Gross operating margin | 9900 | €143,027 | €209,753 | +€66,726 | +46.7% |
| Operating profit (loss) | 9901 | -€276,811 | -€263,204 | +€13,607 | +4.9% |
| Financial income | 75/76B | - | €217 | +€217 | |
| Recurring financial income | 75 | - | €217 | +€217 | |
| Financial charges | 65/66B | €39,946 | €121,476 | +€81,530 | +204.1% |
| Recurring financial charges | 65 | €39,946 | €121,476 | +€81,530 | +204.1% |
| Profit (loss) for the period before taxes | 9903 | -€316,757 | -€384,463 | -€67,706 | -21.4% |
| Income taxes | 67/77 | - | -€4,000 | -€4,000 | |
| Profit (loss) for the period | 9904 | -€316,757 | -€380,462 | -€63,705 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€316,757 | -€380,462 | -€63,705 | -20.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.