SKYWORKERS: 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.
What changed
SKYWORKERS
NACE 43.240, Other construction installation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€352,667
2024 · €275,299+€77,368
Equity
€857,784
2024 · €805,117+€52,667
Cash
€376,625
2024 · €106,003+€270,621
Balance sheet total
€2.2m
2024 · €1.8m+€495,628
Largest movements
Assets
- Receivables within one year +€350,072
up €350,072 (+34.8%), from €1.0m to €1.4m
of which Other amounts receivable: +€183,028
- Stocks and contracts -€326,484
down €326,484 (-100.0%), from €326,484 to €0
- Cash +€270,621
up €270,621 (+255.3%), from €106,003 to €376,625
mainly Net result for the year (+€352,667) and Stocks and contracts (+€326,484)
- Deferred charges and accrued income +€100,328
up €100,328 (+443.1%), from €22,643 to €122,971
- Receivables after one year +€100,000
up €100,000 (+100.0%), from €100,000 to €200,000
Equity and liabilities
- Accrued charges and deferred income +€276,130
up €276,130, from €0 to €276,130
- Advances received +€146,107
new in 2025: €146,107
- Current portion of long-term debt -€88,897
down €88,897 (-65.4%), from €135,866 to €46,970
- Short-term financial debts +€75,000
up €75,000, from €0 to €75,000
- Trade debts +€65,094
up €65,094 (+21.3%), from €306,295 to €371,389
Income statement
- Staff costs -€86,628
down €86,628 (-9.6%), from €899,777 to €813,148
- Write-downs +€86,325
new in 2025: €86,325
- Gross operating margin +€51,317
up €51,317 (+3.8%), from €1.3m to €1.4m
- Other operating charges -€39,181
down €39,181 (-87.1%), from €44,981 to €5,800
- Taxes +€32,920
up €32,920 (+182.8%), from €18,011 to €50,932
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.
Result 2024
€275,299
Gross operating margin
+€51,317
Staff costs
+€86,628
Depreciation
-€3,473
Write-downs
-€86,325
Other operating charges
+€39,181
Other operating items
+€1,160
Financial income
+€4,348
Financial charges
+€17,451
Taxes
-€32,920
Result 2025
€352,667
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.
From operations
+€653,850
Investment
-€79,116
Financing
-€304,113
Cash 2024
€106,003
From operations (derived)
+€653,850
Net result for the year
+€352,667
Depreciation
+€78,024
Receivables after one year
-€100,000
Stocks and contracts
+€326,484
Receivables within one year
-€350,072
Deferred charges and accrued income
-€100,328
Trade debts
+€65,094
Tax, wage and social debts
-€15,257
Advances received
+€146,107
Other debts
-€25,000
Accrued charges and deferred income
+€276,130
Investment (derived)
-€79,116
Investment in fixed assets (net)
-€79,116
Financing
-€304,113
Debts after one year
+€9,784
Current portion of long-term debt
-€88,897
Short-term financial debts
+€75,000
Contributions, distributions and other
-€300,000
Cash 2025
€376,625
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,750,880 | €2,246,508 | +€495,628 | +28.3% |
| Fixed assets | 21/28 | €191,210 | €192,302 | +€1,091 | +0.6% |
| Tangible fixed assets | 22/27 | €185,185 | €185,297 | +€111 | +0.1% |
| Land and buildings | 22 | €46,713 | €39,521 | -€7,192 | -15.4% |
| Plant, machinery and equipment | 23 | €54,351 | €50,519 | -€3,832 | -7.1% |
| Furniture and vehicles | 24 | €17,056 | €11,349 | -€5,707 | -33.5% |
| Leasing and similar rights | 25 | €62,712 | €80,974 | +€18,263 | +29.1% |
| Other tangible fixed assets | 26 | €4,354 | €2,934 | -€1,420 | -32.6% |
| Financial fixed assets | 28 | €6,025 | €7,005 | +€980 | +16.3% |
| Current assets | 29/58 | €1,559,670 | €2,054,207 | +€494,537 | +31.7% |
| Amounts receivable after more than one year | 29 | €100,000 | €200,000 | +€100,000 | +100.0% |
| Other amounts receivable | 291 | €100,000 | €200,000 | +€100,000 | +100.0% |
| Stocks and contracts in progress | 3 | €326,484 | €0 | -€326,484 | -100.0% |
| Contracts in progress | 37 | €326,484 | €0 | -€326,484 | -100.0% |
| Amounts receivable within one year | 40/41 | €1,004,539 | €1,354,611 | +€350,072 | +34.8% |
| Trade receivables | 40 | €526,611 | €693,655 | +€167,045 | +31.7% |
| Other amounts receivable | 41 | €477,928 | €660,956 | +€183,028 | +38.3% |
| Cash at bank and in hand | 54/58 | €106,003 | €376,625 | +€270,621 | +255.3% |
| Deferred charges and accrued income | 490/1 | €22,643 | €122,971 | +€100,328 | +443.1% |
| Total equity and liabilities | 10/49 | €1,750,880 | €2,246,508 | +€495,628 | +28.3% |
| Equity | 10/15 | €805,117 | €857,784 | +€52,667 | +6.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €798,917 | €851,584 | +€52,667 | +6.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €798,917 | €851,584 | +€52,667 | +6.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €945,763 | €1,388,724 | +€442,961 | +46.8% |
| Amounts payable after more than one year | 17 | €32,357 | €42,141 | +€9,784 | +30.2% |
| Financial debts | 170/4 | €32,357 | €42,141 | +€9,784 | +30.2% |
| Amounts payable within one year | 42/48 | €913,406 | €1,070,454 | +€157,047 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €135,866 | €46,970 | -€88,897 | -65.4% |
| Financial debts | 43 | €0 | €75,000 | +€75,000 | |
| Credit institutions | 430/8 | €0 | €75,000 | +€75,000 | |
| Trade debts | 44 | €306,295 | €371,389 | +€65,094 | +21.3% |
| Suppliers | 440/4 | €306,295 | €371,389 | +€65,094 | +21.3% |
| Advances received on contracts in progress | 46 | - | €146,107 | +€146,107 | |
| Taxes, remuneration and social security | 45 | €85,298 | €70,041 | -€15,257 | -17.9% |
| Taxes | 450/3 | €2,204 | €1,547 | -€657 | -29.8% |
| Remuneration and social security | 454/9 | €83,094 | €68,494 | -€14,600 | -17.6% |
| Other amounts payable | 47/48 | €385,947 | €360,947 | -€25,000 | -6.5% |
| Accrued charges and deferred income | 492/3 | €0 | €276,130 | +€276,130 | |
| Non-recurring operating income | 76A | €17,846 | €0 | -€17,846 | -100.0% |
| Remuneration, social security and pensions | 62 | €899,777 | €813,148 | -€86,628 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,551 | €78,024 | +€3,473 | +4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €86,325 | +€86,325 | |
| Other operating charges | 640/8 | €44,981 | €5,800 | -€39,181 | -87.1% |
| Non-recurring operating charges | 66A | €1,160 | €0 | -€1,160 | -100.0% |
| Gross operating margin | 9900 | €1,348,081 | €1,399,398 | +€51,317 | +3.8% |
| Operating profit (loss) | 9901 | €327,612 | €416,101 | +€88,488 | +27.0% |
| Financial income | 75/76B | €1,528 | €5,877 | +€4,348 | +284.5% |
| Recurring financial income | 75 | €1,528 | €5,877 | +€4,348 | +284.5% |
| Financial charges | 65/66B | €35,830 | €18,379 | -€17,451 | -48.7% |
| Recurring financial charges | 65 | €35,830 | €18,379 | -€17,451 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €293,311 | €403,598 | +€110,288 | +37.6% |
| Income taxes | 67/77 | €18,011 | €50,932 | +€32,920 | +182.8% |
| Profit (loss) for the period | 9904 | €275,299 | €352,667 | +€77,368 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €275,299 | €352,667 | +€77,368 | +28.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.