Skyline: 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.
Skyline
Largest movements
- Receivables within one year +€143,649
up €143,649 (+95.2%), from €150,817 to €294,466
of which Trade receivables: +€130,099
- Tangible fixed assets -€111,915
down €111,915 (-7.0%), from €1.6m to €1.5m
of which Land and buildings: -€73,968
- Cash -€78,162
down €78,162 (-59.4%), from €131,696 to €53,533
mainly Receivables within one year (-€143,649) and Debts after one year (-€102,016)
- Debts after one year -€102,016
down €102,016 (-8.4%), from €1.2m to €1.1m
- Reserves +€71,644
up €71,644 (+8.2%), from €876,554 to €948,197
of which Distributable reserves: +€71,644
- Gross operating margin +€71,560
up €71,560 (+42.6%), from €168,034 to €239,594
- Taxes +€25,089
up €25,089 (+187%), from €13,396 to €38,484
- Depreciation -€19,590
down €19,590 (-20.8%), from €94,190 to €74,600
- Financial income -€4,669
down €4,669 (-29.7%), from €15,744 to €11,075
- Financial charges +€4,295
up €4,295 (+11.6%), from €36,971 to €41,266
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 | €4,848,126 | €4,821,721 | -€26,405 | -0.5% |
| Fixed assets | 21/28 | €3,860,382 | €3,748,467 | -€111,915 | -2.9% |
| Tangible fixed assets | 22/27 | €1,590,867 | €1,478,951 | -€111,915 | -7.0% |
| Land and buildings | 22 | €1,547,649 | €1,473,681 | -€73,968 | -4.8% |
| Furniture and vehicles | 24 | €43,218 | €5,271 | -€37,947 | -87.8% |
| Financial fixed assets | 28 | €2,269,515 | €2,269,515 | = | 0.0% |
| Current assets | 29/58 | €987,744 | €1,073,254 | +€85,510 | +8.7% |
| Amounts receivable after more than one year | 29 | €704,241 | €724,342 | +€20,101 | +2.9% |
| Other amounts receivable | 291 | €704,241 | €724,342 | +€20,101 | +2.9% |
| Amounts receivable within one year | 40/41 | €150,817 | €294,466 | +€143,649 | +95.2% |
| Trade receivables | 40 | €33,159 | €163,258 | +€130,099 | +392% |
| Other amounts receivable | 41 | €117,658 | €131,208 | +€13,550 | +11.5% |
| Cash at bank and in hand | 54/58 | €131,696 | €53,533 | -€78,162 | -59.4% |
| Deferred charges and accrued income | 490/1 | €991 | €913 | -€78 | -7.9% |
| Total equity and liabilities | 10/49 | €4,848,126 | €4,821,721 | -€26,405 | -0.5% |
| Equity | 10/15 | €3,134,176 | €3,220,542 | +€86,367 | +2.8% |
| Contributions | 10/11 | €2,267,250 | €2,267,250 | = | 0.0% |
| Revaluation surpluses | 12 | €5,095 | €5,095 | = | 0.0% |
| Reserves | 13 | €876,554 | €948,197 | +€71,644 | +8.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €876,554 | €948,197 | +€71,644 | +8.2% |
| Profit (loss) carried forward | 14 | -€14,723 | €0 | +€14,723 | |
| Amounts payable | 17/49 | €1,713,950 | €1,601,178 | -€112,772 | -6.6% |
| Amounts payable after more than one year | 17 | €1,213,102 | €1,111,085 | -€102,016 | -8.4% |
| Financial debts | 170/4 | €1,213,102 | €1,111,085 | -€102,016 | -8.4% |
| Amounts payable within one year | 42/48 | €499,821 | €465,095 | -€34,726 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €100,850 | €102,016 | +€1,167 | +1.2% |
| Trade debts | 44 | €7,010 | €3,817 | -€3,193 | -45.6% |
| Suppliers | 440/4 | €7,010 | €3,817 | -€3,193 | -45.6% |
| Advances received on contracts in progress | 46 | €24,879 | €0 | -€24,879 | -100% |
| Taxes, remuneration and social security | 45 | €22,198 | €11,773 | -€10,425 | -47.0% |
| Taxes | 450/3 | €18,596 | €10,773 | -€7,823 | -42.1% |
| Remuneration and social security | 454/9 | €3,602 | €1,000 | -€2,602 | -72.2% |
| Other amounts payable | 47/48 | €344,883 | €347,488 | +€2,605 | +0.8% |
| Accrued charges and deferred income | 492/3 | €1,028 | €24,998 | +€23,970 | +2,331% |
| Non-recurring operating income | 76A | - | €16,385 | +€16,385 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,190 | €74,600 | -€19,590 | -20.8% |
| Other operating charges | 640/8 | €11,910 | €9,952 | -€1,957 | -16.4% |
| Gross operating margin | 9900 | €168,034 | €239,594 | +€71,560 | +42.6% |
| Operating profit (loss) | 9901 | €61,935 | €155,042 | +€93,107 | +150% |
| Financial income | 75/76B | €15,744 | €11,075 | -€4,669 | -29.7% |
| Recurring financial income | 75 | €15,744 | €11,075 | -€4,669 | -29.7% |
| Financial charges | 65/66B | €36,971 | €41,266 | +€4,295 | +11.6% |
| Recurring financial charges | 65 | €36,971 | €41,266 | +€4,295 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €40,707 | €124,851 | +€84,143 | +207% |
| Income taxes | 67/77 | €13,396 | €38,484 | +€25,089 | +187% |
| Profit (loss) for the period | 9904 | €27,312 | €86,367 | +€59,055 | +216% |
| Profit (loss) for the period to be appropriated | 9905 | €27,312 | €86,367 | +€59,055 | +216% |
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 25 October 2026 via checked.be.