INTRASKINS: 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.
What changed
INTRASKINS
NACE 15.110, Manufacture of leather and related products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€215,085
2024 · €109,983+€105,102
Equity
€1.9m
2024 · €1.7m+€214,465
Cash
€262,896
2024 · €860,270-€597,375
Balance sheet total
€2.7m
2024 · €2.5m+€222,784
Largest movements
Assets
- Current investments +€900,000
new in 2025: €900,000
- Cash -€597,375
down €597,375 (-69.4%), from €860,270 to €262,896
mainly Current investments (-€900,000) and Investment in fixed assets (net) (-€87,940)
- Tangible fixed assets -€73,166
down €73,166 (-8.7%), from €840,186 to €767,020
of which Plant, machinery and equipment: -€56,498
Equity and liabilities
- Reserves +€200,000
up €200,000 (+17.6%), from €1.1m to €1.3m
of which Distributable reserves: +€200,000
- Trade debts +€61,528
up €61,528 (+22.8%), from €269,701 to €331,229
- Current portion of long-term debt -€38,194
down €38,194 (-71.2%), from €53,667 to €15,472
Income statement
- Gross operating margin +€122,154
up €122,154 (+10.0%), from €1.2m to €1.3m
- Taxes +€53,379
up €53,379 (+125%), from €42,816 to €96,195
- Financial income +€15,436
up €15,436 (+131%), from €11,779 to €27,215
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.
Result 2024
€109,983
Gross operating margin
+€122,154
Staff costs
+€10,539
Depreciation
-€285
Other operating charges
+€2,464
Other operating items
+€12,058
Financial income
+€15,436
Financial charges
-€3,886
Taxes
-€53,379
Result 2025
€215,085
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€444,852
Investment
-€987,940
Financing
-€54,287
Cash 2024
€860,270
From operations (derived)
+€444,852
Net result for the year
+€215,085
Depreciation
+€161,106
Stocks and contracts
+€8,551
Receivables within one year
-€5,512
Deferred charges and accrued income
+€3,636
Trade debts
+€61,528
Tax, wage and social debts
-€5,551
Other debts
+€6,009
Investment (derived)
-€987,940
Investment in fixed assets (net)
-€87,940
Current investments
-€900,000
Financing
-€54,287
Debts after one year
-€15,472
Current portion of long-term debt
-€38,194
Contributions, distributions and other
-€620
Cash 2025
€262,896
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,523,484 | €2,746,268 | +€222,784 | +8.8% |
| Fixed assets | 21/28 | €840,561 | €767,395 | -€73,166 | -8.7% |
| Tangible fixed assets | 22/27 | €840,186 | €767,020 | -€73,166 | -8.7% |
| Land and buildings | 22 | €407,121 | €400,516 | -€6,605 | -1.6% |
| Plant, machinery and equipment | 23 | €384,793 | €328,295 | -€56,498 | -14.7% |
| Furniture and vehicles | 24 | €48,273 | €38,209 | -€10,063 | -20.8% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €1,682,923 | €1,978,873 | +€295,950 | +17.6% |
| Stocks and contracts in progress | 3 | €83,300 | €74,749 | -€8,551 | -10.3% |
| Stocks | 30/36 | €83,300 | €74,749 | -€8,551 | -10.3% |
| Amounts receivable within one year | 40/41 | €732,235 | €737,747 | +€5,512 | +0.8% |
| Trade receivables | 40 | €726,456 | €727,136 | +€680 | +0.1% |
| Other amounts receivable | 41 | €5,779 | €10,611 | +€4,832 | +83.6% |
| Current investments | 50/53 | - | €900,000 | +€900,000 | |
| Cash at bank and in hand | 54/58 | €860,270 | €262,896 | -€597,375 | -69.4% |
| Deferred charges and accrued income | 490/1 | €7,118 | €3,481 | -€3,636 | -51.1% |
| Total equity and liabilities | 10/49 | €2,523,484 | €2,746,268 | +€222,784 | +8.8% |
| Equity | 10/15 | €1,676,361 | €1,890,826 | +€214,465 | +12.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,139,426 | €1,339,426 | +€200,000 | +17.6% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,652 | €44,652 | = | 0.0% |
| Distributable reserves | 133 | €1,084,773 | €1,284,773 | +€200,000 | +18.4% |
| Profit (loss) carried forward | 14 | €398,042 | €413,127 | +€15,085 | +3.8% |
| Investment grants | 15 | €38,894 | €38,274 | -€620 | -1.6% |
| Provisions and deferred taxes | 16 | €11,583 | €11,583 | = | 0.0% |
| Deferred taxes | 168 | €11,583 | €11,583 | = | 0.0% |
| Amounts payable | 17/49 | €835,540 | €843,859 | +€8,319 | +1.0% |
| Amounts payable after more than one year | 17 | €15,472 | - | -€15,472 | |
| Financial debts | 170/4 | €15,472 | - | -€15,472 | |
| Amounts payable within one year | 42/48 | €819,568 | €843,359 | +€23,791 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €53,667 | €15,472 | -€38,194 | -71.2% |
| Trade debts | 44 | €269,701 | €331,229 | +€61,528 | +22.8% |
| Suppliers | 440/4 | €269,701 | €331,229 | +€61,528 | +22.8% |
| Taxes, remuneration and social security | 45 | €161,315 | €155,763 | -€5,551 | -3.4% |
| Taxes | 450/3 | €61,265 | €54,366 | -€6,899 | -11.3% |
| Remuneration and social security | 454/9 | €100,050 | €101,398 | +€1,348 | +1.3% |
| Other amounts payable | 47/48 | €334,886 | €340,895 | +€6,009 | +1.8% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €825,616 | €815,077 | -€10,539 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,821 | €161,106 | +€285 | +0.2% |
| Other operating charges | 640/8 | €57,003 | €54,539 | -€2,464 | -4.3% |
| Non-recurring operating charges | 66A | €12,058 | - | -€12,058 | |
| Gross operating margin | 9900 | €1,219,375 | €1,341,529 | +€122,154 | +10.0% |
| Operating profit (loss) | 9901 | €163,876 | €310,807 | +€146,930 | +89.7% |
| Financial income | 75/76B | €11,779 | €27,215 | +€15,436 | +131% |
| Recurring financial income | 75 | €11,779 | €27,215 | +€15,436 | +131% |
| Financial charges | 65/66B | €22,855 | €26,742 | +€3,886 | +17.0% |
| Recurring financial charges | 65 | €22,855 | €26,742 | +€3,886 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €152,800 | €311,280 | +€158,480 | +104% |
| Income taxes | 67/77 | €42,816 | €96,195 | +€53,379 | +125% |
| Profit (loss) for the period | 9904 | €109,983 | €215,085 | +€105,102 | +95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €109,983 | €215,085 | +€105,102 | +95.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.