SKYLINE DEVELOPMENT: 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.
SKYLINE DEVELOPMENT
Largest movements
- Stocks and contracts -€114,528
no longer reported in 2025 (was €114,528)
- Cash +€22,762
new in 2025: €22,762
mainly Stocks and contracts (+€114,528) and Net result for the year (+€33,041)
- Current portion of long-term debt -€92,093
down €92,093 (-83.9%), from €109,735 to €17,643
- Other debts -€47,250
down €47,250 (-48.1%), from €98,268 to €51,018
- Profit (loss) carried forward +€33,041
up €33,041 (+45.2%), from -€73,055 to -€40,015
- Debts after one year +€23,760
up €23,760 (+7.6%), from €311,167 to €334,927
- Trade debts -€9,262
down €9,262 (-65.2%), from €14,209 to €4,947
- Gross operating margin +€58,527
up €58,527 (+642.4%), from €9,111 to €67,638
- Financial charges -€4,244
down €4,244 (-28.5%), from €14,909 to €10,665
- Depreciation +€1,566
up €1,566 (+8.3%), from €18,840 to €20,406
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €497,576 | €400,181 | -€97,396 | -19.6% |
| Fixed assets | 21/28 | €381,668 | €376,994 | -€4,674 | -1.2% |
| Tangible fixed assets | 22/27 | €381,668 | €376,994 | -€4,674 | -1.2% |
| Land and buildings | 22 | €378,851 | €374,436 | -€4,416 | -1.2% |
| Furniture and vehicles | 24 | €2,816 | €2,558 | -€258 | -9.2% |
| Current assets | 29/58 | €115,909 | €23,187 | -€92,722 | -80.0% |
| Stocks and contracts in progress | 3 | €114,528 | - | -€114,528 | |
| Stocks | 30/36 | €114,528 | - | -€114,528 | |
| Amounts receivable within one year | 40/41 | €974 | - | -€974 | |
| Trade receivables | 40 | €974 | - | -€974 | |
| Cash at bank and in hand | 54/58 | - | €22,762 | +€22,762 | |
| Deferred charges and accrued income | 490/1 | €407 | €424 | +€17 | +4.3% |
| Total equity and liabilities | 10/49 | €497,576 | €400,181 | -€97,396 | -19.6% |
| Equity | 10/15 | -€43,055 | -€10,015 | +€33,041 | +76.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,055 | -€40,015 | +€33,041 | +45.2% |
| Amounts payable | 17/49 | €540,632 | €410,195 | -€130,436 | -24.1% |
| Amounts payable after more than one year | 17 | €311,167 | €334,927 | +€23,760 | +7.6% |
| Financial debts | 170/4 | €311,167 | €334,927 | +€23,760 | +7.6% |
| Amounts payable within one year | 42/48 | €225,769 | €73,644 | -€152,125 | -67.4% |
| Current portion of amounts payable after more than one year | 42 | €109,735 | €17,643 | -€92,093 | -83.9% |
| Financial debts | 43 | €2,881 | - | -€2,881 | |
| Credit institutions | 430/8 | €2,881 | - | -€2,881 | |
| Trade debts | 44 | €14,209 | €4,947 | -€9,262 | -65.2% |
| Suppliers | 440/4 | €14,209 | €4,947 | -€9,262 | -65.2% |
| Taxes, remuneration and social security | 45 | €675 | €37 | -€638 | -94.6% |
| Taxes | 450/3 | €675 | €37 | -€638 | -94.6% |
| Other amounts payable | 47/48 | €98,268 | €51,018 | -€47,250 | -48.1% |
| Accrued charges and deferred income | 492/3 | €3,695 | €1,624 | -€2,071 | -56.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,840 | €20,406 | +€1,566 | +8.3% |
| Other operating charges | 640/8 | €3,384 | €3,527 | +€143 | +4.2% |
| Gross operating margin | 9900 | €9,111 | €67,638 | +€58,527 | +642.4% |
| Operating profit (loss) | 9901 | -€13,112 | €43,706 | +€56,818 | |
| Financial charges | 65/66B | €14,909 | €10,665 | -€4,244 | -28.5% |
| Recurring financial charges | 65 | €14,909 | €10,665 | -€4,244 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | -€28,022 | €33,041 | +€61,062 | |
| Profit (loss) for the period | 9904 | -€28,022 | €33,041 | +€61,062 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,022 | €33,041 | +€61,062 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.