Skin Q: what changed
Skin Q
Largest movements
- Tangible fixed assets -€16,209
down €16,209 (-11.3%), from €143,848 to €127,639
of which Land and buildings: -€9,846
- Cash -€7,375
down €7,375 (-78.8%), from €9,354 to €1,980
mainly Debts after one year (-€19,990) and Tax, wage and social debts (-€5,757)
- Debts after one year -€19,990
down €19,990 (-17.1%), from €116,756 to €96,765
- Tax, wage and social debts -€5,757
down €5,757 (-61.7%), from €9,335 to €3,578
of which Taxes: -€5,760
- Profit (loss) carried forward +€5,252
up €5,252 (+37.8%), from -€13,897 to -€8,645
- Other debts -€2,500
down €2,500 (-7.6%), from €32,953 to €30,453
- Gross operating margin -€26,352
down €26,352 (-57.0%), from €46,238 to €19,886
- Depreciation -€8,205
down €8,205 (-41.9%), from €19,587 to €11,381
- Other operating charges -€6,769
down €6,769 (-81.2%), from €8,335 to €1,566
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €163,852 | €140,294 | -€23,559 | -14.4% |
| Fixed assets | 21/28 | €143,848 | €127,639 | -€16,209 | -11.3% |
| Tangible fixed assets | 22/27 | €143,848 | €127,639 | -€16,209 | -11.3% |
| Land and buildings | 22 | €135,909 | €126,064 | -€9,846 | -7.2% |
| Plant, machinery and equipment | 23 | €7,939 | €1,575 | -€6,364 | -80.2% |
| Current assets | 29/58 | €20,004 | €12,655 | -€7,350 | -36.7% |
| Stocks and contracts in progress | 3 | €7,754 | €9,148 | +€1,394 | +18.0% |
| Stocks | 30/36 | €7,754 | €9,148 | +€1,394 | +18.0% |
| Amounts receivable within one year | 40/41 | €1,685 | €1,126 | -€559 | -33.2% |
| Trade receivables | 40 | €1,685 | €1,126 | -€559 | -33.2% |
| Cash at bank and in hand | 54/58 | €9,354 | €1,980 | -€7,375 | -78.8% |
| Deferred charges and accrued income | 490/1 | €1,211 | €400 | -€811 | -66.9% |
| Total equity and liabilities | 10/49 | €163,852 | €140,294 | -€23,559 | -14.4% |
| Equity | 10/15 | -€3,897 | €1,355 | +€5,252 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,897 | -€8,645 | +€5,252 | +37.8% |
| Amounts payable | 17/49 | €167,750 | €138,939 | -€28,811 | -17.2% |
| Amounts payable after more than one year | 17 | €116,756 | €96,765 | -€19,990 | -17.1% |
| Financial debts | 170/4 | €116,756 | €96,765 | -€19,990 | -17.1% |
| Amounts payable within one year | 42/48 | €49,994 | €41,762 | -€8,232 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €7,415 | €7,490 | +€75 | +1.0% |
| Trade debts | 44 | €291 | €241 | -€50 | -17.2% |
| Suppliers | 440/4 | €291 | €241 | -€50 | -17.2% |
| Taxes, remuneration and social security | 45 | €9,335 | €3,578 | -€5,757 | -61.7% |
| Taxes | 450/3 | €8,333 | €2,573 | -€5,760 | -69.1% |
| Remuneration and social security | 454/9 | €1,002 | €1,005 | +€3 | +0.3% |
| Other amounts payable | 47/48 | €32,953 | €30,453 | -€2,500 | -7.6% |
| Accrued charges and deferred income | 492/3 | €1,000 | €411 | -€589 | -58.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,587 | €11,381 | -€8,205 | -41.9% |
| Other operating charges | 640/8 | €8,335 | €1,566 | -€6,769 | -81.2% |
| Gross operating margin | 9900 | €46,238 | €19,886 | -€26,352 | -57.0% |
| Operating profit (loss) | 9901 | €18,316 | €6,938 | -€11,378 | -62.1% |
| Financial income | 75/76B | €7 | €28 | +€21 | +294% |
| Recurring financial income | 75 | €7 | €28 | +€21 | +294% |
| Financial charges | 65/66B | €2,097 | €1,714 | -€383 | -18.3% |
| Recurring financial charges | 65 | €2,097 | €1,714 | -€383 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €16,226 | €5,252 | -€10,974 | -67.6% |
| Profit (loss) for the period | 9904 | €16,226 | €5,252 | -€10,974 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,226 | €5,252 | -€10,974 | -67.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.