SkyWon: 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.
SkyWon
Largest movements
- Current investments -€1.5m
down €1.5m (-100.0%), from €1.5m to €0
- Cash +€1.3m
up €1.3m (+142.4%), from €928,929 to €2.3m
mainly Current investments (+€1.5m) and Trade debts (+€298,408)
- Other debts -€565,229
down €565,229 (-27.7%), from €2.0m to €1.5m
- Trade debts +€298,408
up €298,408 (+173.9%), from €171,605 to €470,013
- Gross operating margin -€135,754
down €135,754 (-80.3%), from €168,996 to €33,242
- Taxes -€31,036
down €31,036 (-62.2%), from €49,863 to €18,828
- Financial income +€29,519
up €29,519 (+381.1%), from €7,745 to €37,264
- Financial charges -€18,320
down €18,320 (-80.0%), from €22,904 to €4,585
- Depreciation -€7,373
down €7,373 (-33.8%), from €21,796 to €14,423
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 | €9,419,847 | €9,189,311 | -€230,536 | -2.4% |
| Fixed assets | 21/28 | €3,099,991 | €3,085,568 | -€14,423 | -0.5% |
| Intangible fixed assets | 21 | €9,485 | €7,685 | -€1,800 | -19.0% |
| Tangible fixed assets | 22/27 | €14,507 | €1,883 | -€12,623 | -87.0% |
| Plant, machinery and equipment | 23 | €2,487 | €1,883 | -€604 | -24.3% |
| Furniture and vehicles | 24 | €12,020 | €0 | -€12,020 | -100.0% |
| Financial fixed assets | 28 | €3,076,000 | €3,076,000 | = | 0.0% |
| Current assets | 29/58 | €6,319,855 | €6,103,743 | -€216,112 | -3.4% |
| Amounts receivable within one year | 40/41 | €3,887,928 | €3,849,610 | -€38,318 | -1.0% |
| Trade receivables | 40 | €58,216 | €1,025,080 | +€966,864 | +1660.8% |
| Other amounts receivable | 41 | €3,829,712 | €2,824,530 | -€1.0m | -26.2% |
| Current investments | 50/53 | €1,500,000 | €0 | -€1.5m | -100.0% |
| Cash at bank and in hand | 54/58 | €928,929 | €2,251,308 | +€1.3m | +142.4% |
| Deferred charges and accrued income | 490/1 | €2,999 | €2,825 | -€174 | -5.8% |
| Total equity and liabilities | 10/49 | €9,419,847 | €9,189,311 | -€230,536 | -2.4% |
| Equity | 10/15 | €7,201,381 | €7,234,052 | +€32,671 | +0.5% |
| Contributions | 10/11 | €4,015,572 | €4,015,572 | = | 0.0% |
| Reserves | 13 | €3,127,817 | €3,160,488 | +€32,671 | +1.0% |
| 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 | €3,125,957 | €3,158,628 | +€32,671 | +1.0% |
| Profit (loss) carried forward | 14 | €57,992 | €57,992 | = | 0.0% |
| Amounts payable | 17/49 | €2,218,466 | €1,955,260 | -€263,206 | -11.9% |
| Amounts payable within one year | 42/48 | €2,218,466 | €1,951,645 | -€266,821 | -12.0% |
| Trade debts | 44 | €171,605 | €470,013 | +€298,408 | +173.9% |
| Suppliers | 440/4 | €171,605 | €470,013 | +€298,408 | +173.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,243 | €3,243 | = | 0.0% |
| Taxes | 450/3 | €3,243 | €3,243 | = | 0.0% |
| Other amounts payable | 47/48 | €2,043,617 | €1,478,388 | -€565,229 | -27.7% |
| Accrued charges and deferred income | 492/3 | - | €3,615 | +€3,615 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,796 | €14,423 | -€7,373 | -33.8% |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | €168,996 | €33,242 | -€135,754 | -80.3% |
| Operating profit (loss) | 9901 | €147,200 | €18,819 | -€128,381 | -87.2% |
| Financial income | 75/76B | €7,745 | €37,264 | +€29,519 | +381.1% |
| Recurring financial income | 75 | €7,745 | €37,264 | +€29,519 | +381.1% |
| Financial charges | 65/66B | €22,904 | €4,585 | -€18,320 | -80.0% |
| Recurring financial charges | 65 | €22,904 | €4,585 | -€18,320 | -80.0% |
| Profit (loss) for the period before taxes | 9903 | €132,040 | €51,498 | -€80,542 | -61.0% |
| Income taxes | 67/77 | €49,863 | €18,828 | -€31,036 | -62.2% |
| Profit (loss) for the period | 9904 | €82,177 | €32,671 | -€49,506 | -60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,177 | €32,671 | -€49,506 | -60.2% |
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 28 September 2026 via checked.be.