SKYLINE PROJECTS: 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 PROJECTS
Largest movements
- Stocks and contracts +€6.0m
up €6.0m (+634.6%), from €950,494 to €7.0m
- Cash -€356,774
down €356,774 (-84.3%), from €423,236 to €66,462
mainly Stocks and contracts (-€6.0m) and Receivables within one year (-€337,788)
- Receivables within one year +€337,788
up €337,788 (+19.3%), from €1.7m to €2.1m
of which Trade receivables: +€753,383
- Current investments -€300,000
down €300,000 (-100.0%), from €300,000 to €0
- Tangible fixed assets -€271,537
down €271,537 (-19.9%), from €1.4m to €1.1m
of which Furniture and vehicles: -€147,349
- Advances received +€2.5m
up €2.5m (+310.9%), from €798,250 to €3.3m
- Other debts +€2.4m
up €2.4m (+61.1%), from €3.9m to €6.2m
- Trade debts +€504,324
up €504,324 (+276.3%), from €182,548 to €686,872
- Financial income -€379,558
down €379,558 (-33.1%), from €1.1m to €768,526
- Gross operating margin -€168,939
down €168,939, from €64,285 to -€104,653
- Financial charges +€122,183
up €122,183 (+125.2%), from €97,581 to €219,764
- Other operating charges +€91,884
up €91,884 (+181.2%), from €50,701 to €142,585
- Provisions +€31,788
up €31,788, from -€31,788 to €0
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.
Cash bridge derived
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 | €5,526,897 | €10,963,097 | +€5.4m | +98.4% |
| Fixed assets | 21/28 | €2,085,318 | €1,813,781 | -€271,537 | -13.0% |
| Tangible fixed assets | 22/27 | €1,363,021 | €1,091,484 | -€271,537 | -19.9% |
| Land and buildings | 22 | €808,969 | €689,428 | -€119,542 | -14.8% |
| Plant, machinery and equipment | 23 | €22,668 | €18,022 | -€4,647 | -20.5% |
| Furniture and vehicles | 24 | €531,384 | €384,035 | -€147,349 | -27.7% |
| Financial fixed assets | 28 | €722,297 | €722,297 | = | 0.0% |
| Current assets | 29/58 | €3,441,578 | €9,149,316 | +€5.7m | +165.8% |
| Stocks and contracts in progress | 3 | €950,494 | €6,982,434 | +€6.0m | +634.6% |
| Stocks | 30/36 | €950,494 | €6,982,434 | +€6.0m | +634.6% |
| Amounts receivable within one year | 40/41 | €1,747,228 | €2,085,015 | +€337,788 | +19.3% |
| Trade receivables | 40 | €458,794 | €1,212,177 | +€753,383 | +164.2% |
| Other amounts receivable | 41 | €1,288,434 | €872,838 | -€415,595 | -32.3% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €423,236 | €66,462 | -€356,774 | -84.3% |
| Deferred charges and accrued income | 490/1 | €20,620 | €15,405 | -€5,215 | -25.3% |
| Total equity and liabilities | 10/49 | €5,526,897 | €10,963,097 | +€5.4m | +98.4% |
| Equity | 10/15 | €666,051 | €696,036 | +€29,986 | +4.5% |
| Contributions | 10/11 | €1,403,359 | €1,403,359 | = | 0.0% |
| Capital | 10 | €1,403,359 | €1,403,359 | = | 0.0% |
| Issued capital | 100 | €1,403,359 | €1,403,359 | = | 0.0% |
| Reserves | 13 | €267,353 | €267,353 | = | 0.0% |
| Non-distributable reserves | 130/1 | €110,409 | €110,409 | = | 0.0% |
| Legal reserve | 130 | €110,409 | €110,409 | = | 0.0% |
| Distributable reserves | 133 | €156,944 | €156,944 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,004,661 | -€974,675 | +€29,986 | +3.0% |
| Amounts payable | 17/49 | €4,860,846 | €10,267,061 | +€5.4m | +111.2% |
| Amounts payable within one year | 42/48 | €4,860,149 | €10,266,889 | +€5.4m | +111.2% |
| Trade debts | 44 | €182,548 | €686,872 | +€504,324 | +276.3% |
| Suppliers | 440/4 | €182,548 | €686,872 | +€504,324 | +276.3% |
| Advances received on contracts in progress | 46 | €798,250 | €3,280,316 | +€2.5m | +310.9% |
| Taxes, remuneration and social security | 45 | - | €50,446 | +€50,446 | |
| Taxes | 450/3 | - | €50,446 | +€50,446 | |
| Other amounts payable | 47/48 | €3,879,351 | €6,249,256 | +€2.4m | +61.1% |
| Accrued charges and deferred income | 492/3 | €697 | €172 | -€525 | -75.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272,343 | €271,537 | -€806 | -0.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€31,788 | €0 | +€31,788 | |
| Other operating charges | 640/8 | €50,701 | €142,585 | +€91,884 | +181.2% |
| Gross operating margin | 9900 | €64,285 | -€104,653 | -€168,939 | |
| Operating profit (loss) | 9901 | -€226,970 | -€518,776 | -€291,805 | -128.6% |
| Financial income | 75/76B | €1,148,084 | €768,526 | -€379,558 | -33.1% |
| Recurring financial income | 75 | €1,148,084 | €768,526 | -€379,558 | -33.1% |
| Financial charges | 65/66B | €97,581 | €219,764 | +€122,183 | +125.2% |
| Recurring financial charges | 65 | €97,581 | €219,764 | +€122,183 | +125.2% |
| Profit (loss) for the period before taxes | 9903 | €823,532 | €29,986 | -€793,547 | -96.4% |
| Profit (loss) for the period | 9904 | €823,532 | €29,986 | -€793,547 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €823,532 | €29,986 | -€793,547 | -96.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.