SKYLINE AIR SERVICES: 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 AIR SERVICES
Largest movements
- Receivables within one year -€139,868
down €139,868 (-41.5%), from €336,931 to €197,063
of which Trade receivables: -€158,995
- Cash -€127,460
down €127,460 (-55.5%), from €229,485 to €102,025
mainly Tax, wage and social debts (-€110,861) and Trade debts (-€95,283)
- Tax, wage and social debts -€110,861
down €110,861 (-63.1%), from €175,799 to €64,937
of which Taxes: -€107,502
- Reserves -€104,657
down €104,657 (-39.0%), from €268,582 to €163,926
- Trade debts -€95,283
down €95,283 (-55.8%), from €170,781 to €75,498
- Advances received +€31,382
up €31,382 (+787%), from €3,985 to €35,368
- Gross operating margin -€152,870
down €152,870 (-58.4%), from €261,785 to €108,914
- Staff costs -€25,454
down €25,454 (-13.9%), from €183,761 to €158,307
- Taxes -€21,901
down €21,901 (-98.4%), from €22,262 to €362
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €631,548 | €352,658 | -€278,890 | -44.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €29,913 | €23,055 | -€6,858 | -22.9% |
| Tangible fixed assets | 22/27 | €14,183 | €10,305 | -€3,878 | -27.3% |
| Plant, machinery and equipment | 23 | €14,183 | €10,305 | -€3,878 | -27.3% |
| Financial fixed assets | 28 | €15,730 | €12,750 | -€2,980 | -18.9% |
| Current assets | 29/58 | €601,635 | €329,603 | -€272,032 | -45.2% |
| Amounts receivable within one year | 40/41 | €336,931 | €197,063 | -€139,868 | -41.5% |
| Trade receivables | 40 | €277,255 | €118,260 | -€158,995 | -57.3% |
| Other amounts receivable | 41 | €59,677 | €78,803 | +€19,126 | +32.1% |
| Cash at bank and in hand | 54/58 | €229,485 | €102,025 | -€127,460 | -55.5% |
| Deferred charges and accrued income | 490/1 | €35,219 | €30,515 | -€4,704 | -13.4% |
| Total equity and liabilities | 10/49 | €631,548 | €352,658 | -€278,890 | -44.2% |
| Equity | 10/15 | €280,982 | €176,326 | -€104,657 | -37.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €268,582 | €163,926 | -€104,657 | -39.0% |
| Distributable reserves | 133 | €268,582 | €163,926 | -€104,657 | -39.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €350,566 | €176,332 | -€174,234 | -49.7% |
| Amounts payable within one year | 42/48 | €350,566 | €175,803 | -€174,763 | -49.9% |
| Trade debts | 44 | €170,781 | €75,498 | -€95,283 | -55.8% |
| Suppliers | 440/4 | €170,781 | €75,498 | -€95,283 | -55.8% |
| Advances received on contracts in progress | 46 | €3,985 | €35,368 | +€31,382 | +787% |
| Taxes, remuneration and social security | 45 | €175,799 | €64,937 | -€110,861 | -63.1% |
| Taxes | 450/3 | €147,718 | €40,216 | -€107,502 | -72.8% |
| Remuneration and social security | 454/9 | €28,081 | €24,721 | -€3,360 | -12.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €529 | +€529 | |
| Remuneration, social security and pensions | 62 | €183,761 | €158,307 | -€25,454 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,864 | €3,878 | +€1,014 | +35.4% |
| Other operating charges | 640/8 | €2,220 | €626 | -€1,594 | -71.8% |
| Gross operating margin | 9900 | €261,785 | €108,914 | -€152,870 | -58.4% |
| Operating profit (loss) | 9901 | €72,941 | -€53,897 | -€126,837 | |
| Financial charges | 65/66B | €397 | €398 | +€1 | +0.3% |
| Recurring financial charges | 65 | €397 | €398 | +€1 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €72,544 | -€54,295 | -€126,839 | |
| Income taxes | 67/77 | €22,262 | €362 | -€21,901 | -98.4% |
| Profit (loss) for the period | 9904 | €50,281 | -€54,657 | -€104,938 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,281 | -€54,657 | -€104,938 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.