SKYFALL: what changed
SKYFALL
Largest movements
- Tangible fixed assets -€21,885
down €21,885 (-37.6%), from €58,190 to €36,305
- Receivables within one year +€14,550
up €14,550 (+3,502%), from €415 to €14,966
- Cash +€14,113
up €14,113 (+162%), from €8,696 to €22,809
mainly Other debts (+€41,862) and Depreciation (+€18,209)
- Other debts +€41,862
up €41,862 (+12.8%), from €326,982 to €368,844
- Trade debts -€14,105
down €14,105 (-71.9%), from €19,611 to €5,506
- Profit (loss) carried forward -€10,170
down €10,170 (-3.2%), from -€316,561 to -€326,731
- Tax, wage and social debts -€6,221
down €6,221 (-35.6%), from €17,457 to €11,237
of which Remuneration and social security: -€5,815
- Advances received -€2,885
no longer reported in 2025 (was €2,885)
- Staff costs -€31,691
down €31,691 (-50.8%), from €62,361 to €30,669
- Gross operating margin -€11,953
down €11,953 (-18.2%), from €65,587 to €53,634
- Depreciation -€5,729
down €5,729 (-23.9%), from €23,938 to €18,209
- Financial charges +€5,480
up €5,480 (+221%), from €2,479 to €7,958
of which Non-recurring financial charges: +€5,551
- Other operating charges +€5,328
up €5,328 (+325%), from €1,639 to €6,967
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,130 | €81,009 | +€6,879 | +9.3% |
| Fixed assets | 21/28 | €59,057 | €37,171 | -€21,885 | -37.1% |
| Tangible fixed assets | 22/27 | €58,190 | €36,305 | -€21,885 | -37.6% |
| Land and buildings | 22 | €11,935 | €8,524 | -€3,411 | -28.6% |
| Plant, machinery and equipment | 23 | €13,733 | €4,444 | -€9,288 | -67.6% |
| Furniture and vehicles | 24 | €310 | €2,321 | +€2,012 | +650% |
| Leasing and similar rights | 25 | €4,132 | - | -€4,132 | |
| Other tangible fixed assets | 26 | €28,081 | €21,016 | -€7,066 | -25.2% |
| Financial fixed assets | 28 | €866 | €866 | = | 0.0% |
| Current assets | 29/58 | €15,074 | €43,837 | +€28,764 | +191% |
| Stocks and contracts in progress | 3 | €5,415 | €5,415 | = | 0.0% |
| Stocks | 30/36 | €5,415 | €5,415 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €415 | €14,966 | +€14,550 | +3,502% |
| Other amounts receivable | 41 | €415 | €14,966 | +€14,550 | +3,502% |
| Cash at bank and in hand | 54/58 | €8,696 | €22,809 | +€14,113 | +162% |
| Deferred charges and accrued income | 490/1 | €547 | €648 | +€100 | +18.3% |
| Total equity and liabilities | 10/49 | €74,130 | €81,009 | +€6,879 | +9.3% |
| Equity | 10/15 | -€297,961 | -€308,131 | -€10,170 | -3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€316,561 | -€326,731 | -€10,170 | -3.2% |
| Amounts payable | 17/49 | €372,091 | €389,140 | +€17,048 | +4.6% |
| Amounts payable within one year | 42/48 | €372,091 | €389,140 | +€17,048 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €5,156 | €3,553 | -€1,604 | -31.1% |
| Trade debts | 44 | €19,611 | €5,506 | -€14,105 | -71.9% |
| Suppliers | 440/4 | €19,611 | €5,506 | -€14,105 | -71.9% |
| Advances received on contracts in progress | 46 | €2,885 | - | -€2,885 | |
| Taxes, remuneration and social security | 45 | €17,457 | €11,237 | -€6,221 | -35.6% |
| Taxes | 450/3 | €2,818 | €2,413 | -€406 | -14.4% |
| Remuneration and social security | 454/9 | €14,639 | €8,824 | -€5,815 | -39.7% |
| Other amounts payable | 47/48 | €326,982 | €368,844 | +€41,862 | +12.8% |
| Remuneration, social security and pensions | 62 | €62,361 | €30,669 | -€31,691 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,938 | €18,209 | -€5,729 | -23.9% |
| Other operating charges | 640/8 | €1,639 | €6,967 | +€5,328 | +325% |
| Gross operating margin | 9900 | €65,587 | €53,634 | -€11,953 | -18.2% |
| Operating profit (loss) | 9901 | -€22,351 | -€2,211 | +€20,139 | +90.1% |
| Financial income | 75/76B | €5 | €0 | -€5 | -99.8% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.8% |
| Financial charges | 65/66B | €2,479 | €7,958 | +€5,480 | +221% |
| Recurring financial charges | 65 | €2,479 | €2,407 | -€71 | -2.9% |
| Non-recurring financial charges | 66B | - | €5,551 | +€5,551 | |
| Profit (loss) for the period before taxes | 9903 | -€24,824 | -€10,170 | +€14,654 | +59.0% |
| Income taxes | 67/77 | €140 | - | -€140 | |
| Profit (loss) for the period | 9904 | -€24,964 | -€10,170 | +€14,794 | +59.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,964 | -€10,170 | +€14,794 | +59.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.