PROJECT SKYHIGH 2.0: 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.
PROJECT SKYHIGH 2.0
Largest movements
- Receivables within one year +€2.8m
up €2.8m (+6,124%), from €46,275 to €2.9m
of which Other amounts receivable: +€2.8m
- Receivables after one year -€2.8m
no longer reported in 2025 (was €2.8m)
- Other debts +€345,973
up €345,973 (+19.6%), from €1.8m to €2.1m
- Debts after one year -€207,758
down €207,758 (-6.4%), from €3.2m to €3.0m
- Profit (loss) carried forward -€149,401
down €149,401 (-3,702%), from -€4,035 to -€153,436
- Other operating charges +€74,395
up €74,395 (+4,050%), from €1,837 to €76,232
- Depreciation +€45,696
up €45,696 (+41.0%), from €111,588 to €157,284
- Gross operating margin -€39,320
down €39,320 (-14.2%), from €276,827 to €237,507
- Staff costs -€8,885
down €8,885 (-10.8%), from €82,444 to €73,559
- Financial charges -€2,963
down €2,963 (-3.6%), from €82,796 to €79,833
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 | €7,010,597 | €7,044,119 | +€33,522 | +0.5% |
| Fixed assets | 21/28 | €4,112,670 | €4,080,840 | -€31,830 | -0.8% |
| Tangible fixed assets | 22/27 | €3,699,020 | €3,667,190 | -€31,830 | -0.9% |
| Land and buildings | 22 | €3,639,980 | €3,625,508 | -€14,472 | -0.4% |
| Plant, machinery and equipment | 23 | €7,166 | €4,063 | -€3,103 | -43.3% |
| Furniture and vehicles | 24 | €51,874 | €37,618 | -€14,255 | -27.5% |
| Financial fixed assets | 28 | €413,651 | €413,651 | = | 0.0% |
| Current assets | 29/58 | €2,897,926 | €2,963,279 | +€65,352 | +2.3% |
| Amounts receivable after more than one year | 29 | €2,820,000 | - | -€2.8m | |
| Other amounts receivable | 291 | €2,820,000 | - | -€2.8m | |
| Amounts receivable within one year | 40/41 | €46,275 | €2,880,006 | +€2.8m | +6,124% |
| Trade receivables | 40 | €46,275 | €59,106 | +€12,831 | +27.7% |
| Other amounts receivable | 41 | - | €2,820,900 | +€2.8m | |
| Cash at bank and in hand | 54/58 | €31,651 | €83,272 | +€51,621 | +163% |
| Total equity and liabilities | 10/49 | €7,010,597 | €7,044,119 | +€33,522 | +0.5% |
| Equity | 10/15 | €1,783,696 | €1,634,295 | -€149,401 | -8.4% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,669,318 | €1,669,318 | = | 0.0% |
| Reserves | 13 | €97,413 | €97,413 | = | 0.0% |
| Distributable reserves | 133 | €97,413 | €97,413 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,035 | -€153,436 | -€149,401 | -3,702% |
| Amounts payable | 17/49 | €5,226,901 | €5,409,824 | +€182,923 | +3.5% |
| Amounts payable after more than one year | 17 | €3,227,446 | €3,019,688 | -€207,758 | -6.4% |
| Financial debts | 170/4 | €3,227,446 | €3,019,688 | -€207,758 | -6.4% |
| Amounts payable within one year | 42/48 | €1,999,455 | €2,390,136 | +€390,682 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €203,432 | €207,758 | +€4,326 | +2.1% |
| Trade debts | 44 | €18,556 | €61,926 | +€43,369 | +234% |
| Suppliers | 440/4 | €18,556 | €61,926 | +€43,369 | +234% |
| Taxes, remuneration and social security | 45 | €11,523 | €8,536 | -€2,987 | -25.9% |
| Taxes | 450/3 | €2,197 | €8,536 | +€6,339 | +288% |
| Remuneration and social security | 454/9 | €9,326 | - | -€9,326 | |
| Other amounts payable | 47/48 | €1,765,943 | €2,111,916 | +€345,973 | +19.6% |
| Remuneration, social security and pensions | 62 | €82,444 | €73,559 | -€8,885 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,588 | €157,284 | +€45,696 | +41.0% |
| Other operating charges | 640/8 | €1,837 | €76,232 | +€74,395 | +4,050% |
| Gross operating margin | 9900 | €276,827 | €237,507 | -€39,320 | -14.2% |
| Operating profit (loss) | 9901 | €80,958 | -€69,568 | -€150,526 | |
| Financial charges | 65/66B | €82,796 | €79,833 | -€2,963 | -3.6% |
| Recurring financial charges | 65 | €82,796 | €79,833 | -€2,963 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,838 | -€149,401 | -€147,563 | -8,029% |
| Income taxes | 67/77 | €2,197 | - | -€2,197 | |
| Profit (loss) for the period | 9904 | -€4,035 | -€149,401 | -€145,365 | -3,602% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,035 | -€149,401 | -€145,365 | -3,602% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.